GIF vs. QQA

Last updated Jun 6, 2026

GIF (REX Growth & Income Universe ETF) and QQA (Invesco QQQ Income Advantage ETF) are both Derivative Income funds. Both are actively managed. A 0.75 correlation means they provide meaningful diversification when combined. GIF charges 0.99%/yr vs 0.29%/yr for QQA.

Performance

GIF vs. QQA - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in REX Growth & Income Universe ETF (GIF) and Invesco QQQ Income Advantage ETF (QQA). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

GIF

• 1D: -5.24%
• 1M: -9.43%
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

QQA

• 1D: -3.57%
• 1M: 0.85%
• YTD: 10.16%
• 6M: 9.29%
• 1Y: 27.13%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

GIF vs. QQA - Yearly Performance Comparison

	2026 (YTD)
GIF REX Growth & Income Universe ETF	-0.71%
QQA Invesco QQQ Income Advantage ETF	9.99%

Correlation

The correlation between GIF and QQA is 0.75, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (All Time) Calculated using the full available price history since Feb 27, 2026	0.75

Return for Risk

GIF 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: 66
QQA Sharpe Ratio Rank: 64
QQA Sortino Ratio Rank: 61
QQA Omega Ratio Rank: 65
QQA Calmar Ratio Rank: 64
QQA Martin Ratio Rank: 75

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.

GIF vs. QQA - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for REX Growth & Income Universe ETF (GIF) 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

	GIF	QQA	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	2.08	—
Sharpe Ratio (All Time) Calculated using the full available price history	-0.07	1.03	-1.10

Drawdowns

GIF vs. QQA - Drawdown Comparison

The maximum GIF drawdown since its inception was -12.61%, smaller than the maximum QQA drawdown of -19.73%. Use the drawdown chart below to compare losses from any high point for GIF and QQA.

Drawdown Indicators

	GIF	QQA	Difference
Max Drawdown Largest peak-to-trough decline	-12.61%	-19.73%	+7.12%
Max Drawdown (1Y) Largest decline over 1 year	—	-8.76%	—
Current Drawdown Current decline from peak	-11.67%	-3.95%	-7.72%
Average Drawdown Average peak-to-trough decline	-3.73%	-2.44%	-1.29%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	1.96%	—

Volatility

Volatility by Period

	GIF	QQA	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	4.74%	—
Volatility (6M) Calculated over the trailing 6-month period	—	10.38%	—
Volatility (1Y) Calculated over the trailing 1-year period	36.85%	13.11%	+23.74%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	36.85%	18.43%	+18.42%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	36.85%	18.43%	+18.42%

GIF vs. QQA - Expense Ratio Comparison

GIF has a 0.99% expense ratio, which is higher than QQA's 0.29% expense ratio.

Dividends

GIF vs. QQA - Dividend Comparison

GIF's dividend yield for the trailing twelve months is around 9.40%, less than QQA's 9.66% yield.

Position	TTM	2025	2024
GIF REX Growth & Income Universe ETF	9.40%	0.00%	0.00%
QQA Invesco QQQ Income Advantage ETF	9.66%	9.78%	4.29%

Frequently Asked Questions

Can I hold both GIF and QQA in my portfolio?

GIF and QQA have a correlation of 0.75, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, GIF 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, GIF or QQA?

QQA is cheaper with a 0.29% expense ratio, compared with 0.99% for GIF.

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

QQA has the higher dividend yield at 9.66%, compared with 9.40% for GIF.

What is the main difference between GIF and QQA?

They also come from different issuers: REX and Invesco. Their fees differ too: 0.99% for GIF and 0.29% for QQA.