EDGQ vs. QQA

Last updated Jun 5, 2026

EDGQ (Global X Nasdaq-100 Income Edge ETF) and QQA (Invesco QQQ Income Advantage ETF) are both Derivative Income funds. Both are actively managed. With a 0.97 correlation, they move nearly in lockstep. EDGQ charges 0.53%/yr vs 0.29%/yr for QQA.

Performance

EDGQ vs. QQA - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Global X Nasdaq-100 Income Edge ETF (EDGQ) and Invesco QQQ Income Advantage ETF (QQA). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

EDGQ

• 1D: -0.50%
• 1M: 7.69%
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

QQA

• 1D: -0.29%
• 1M: 5.87%
• YTD: 14.23%
• 6M: 13.99%
• 1Y: 31.26%
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

EDGQ vs. QQA - Yearly Performance Comparison

	2026 (YTD)
EDGQ Global X Nasdaq-100 Income Edge ETF	19.41%
QQA Invesco QQQ Income Advantage ETF	14.76%

Correlation

The correlation between EDGQ and QQA is 0.97 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.

	Correlation
Correlation (All Time) Calculated using the full available price history since Feb 19, 2026	0.97

Return for Risk

EDGQ vs. QQA — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

QQA

QQA Risk / Return Rank: 77
QQA Sharpe Ratio Rank: 78
QQA Sortino Ratio Rank: 76
QQA Omega Ratio Rank: 77
QQA Calmar Ratio Rank: 73
QQA Martin Ratio Rank: 81

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

EDGQ vs. QQA - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Global X Nasdaq-100 Income Edge ETF (EDGQ) and Invesco QQQ Income Advantage ETF (QQA). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Sharpe Ratios by Period

	EDGQ	QQA	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	2.50	—
Sharpe Ratio (All Time) Calculated using the full available price history	5.23	1.17	+4.07

Drawdowns

EDGQ vs. QQA - Drawdown Comparison

The maximum EDGQ drawdown since its inception was -7.87%, smaller than the maximum QQA drawdown of -19.73%. Use the drawdown chart below to compare losses from any high point for EDGQ and QQA.

Drawdown Indicators

	EDGQ	QQA	Difference
Max Drawdown Largest peak-to-trough decline	-7.87%	-19.73%	+11.86%
Max Drawdown (1Y) Largest decline over 1 year	—	-8.76%	—
Current Drawdown Current decline from peak	-0.55%	-0.39%	-0.16%
Average Drawdown Average peak-to-trough decline	-1.28%	-2.44%	+1.16%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	1.95%	—

Volatility

Volatility by Period

	EDGQ	QQA	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	2.93%	—
Volatility (6M) Calculated over the trailing 6-month period	—	9.68%	—
Volatility (1Y) Calculated over the trailing 1-year period	15.97%	12.59%	+3.38%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.97%	18.25%	-2.28%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.97%	18.25%	-2.28%

EDGQ vs. QQA - Expense Ratio Comparison

EDGQ has a 0.53% expense ratio, which is higher than QQA's 0.29% expense ratio.

Dividends

EDGQ vs. QQA - Dividend Comparison

EDGQ's dividend yield for the trailing twelve months is around 3.36%, less than QQA's 9.32% yield.

Position	TTM	2025	2024
EDGQ Global X Nasdaq-100 Income Edge ETF	3.36%	0.00%	0.00%
QQA Invesco QQQ Income Advantage ETF	9.32%	9.78%	4.29%

Frequently Asked Questions

Can I hold both EDGQ and QQA in my portfolio?

With a correlation of 0.97, EDGQ and QQA move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which ETF is better, EDGQ or QQA?

On fees, QQA is cheaper at 0.29% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, EDGQ or QQA?

QQA is cheaper with a 0.29% expense ratio, compared with 0.53% for EDGQ.

Which ETF pays a higher dividend yield, EDGQ or QQA?

QQA has the higher dividend yield at 9.32%, compared with 3.36% for EDGQ.

What is the main difference between EDGQ and QQA?

They also come from different issuers: Global X and Invesco. Their fees differ too: 0.53% for EDGQ and 0.29% for QQA.