GOOW vs. QQA

Last updated Aug 2, 2026

GOOW (Roundhill GOOGL WeeklyPay™ ETF) and QQA (Invesco QQQ Income Advantage ETF) are both Derivative Income funds. Both are actively managed. Over the past year, GOOW returned 103.29% vs 20.59% for QQA. Their 0.52 correlation means they have sometimes moved together and sometimes differently. GOOW charges 0.99%/yr vs 0.29%/yr for QQA.

Performance

GOOW vs. QQA - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Roundhill GOOGL WeeklyPay™ ETF (GOOW) and Invesco QQQ Income Advantage ETF (QQA). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, GOOW achieves a 13.56% return, which is significantly higher than QQA's 9.17% return.

GOOW

• 1D: 7.98%
• 1M: -1.82%
• 6M: 3.91%
• YTD: 13.56%
• 1Y: 103.29%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 92.03%

QQA

• 1D: 0.79%
• 1M: -2.29%
• 6M: 7.72%
• YTD: 9.17%
• 1Y: 20.59%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 16.11%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
GOOW Roundhill GOOGL WeeklyPay™ ETF	$1.99M	$1.77M	$2.25M
QQA Invesco QQQ Income Advantage ETF	$6.94M	$6.91M	$6.83M

GOOW vs. QQA - Yearly Performance Comparison

	2026 (YTD)	2025
GOOW Roundhill GOOGL WeeklyPay™ ETF	13.56%	71.16%
QQA Invesco QQQ Income Advantage ETF	9.17%	9.25%

Correlation

The correlation between GOOW and QQA is 0.53, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.53
Correlation (All Time) Calculated using the full available price history since Jul 24, 2025	0.52

The correlation between GOOW and QQA has been stable across timeframes, ranging from 0.52 to 0.53 - a consistent structural relationship.

GOOW vs. QQA - Sectors Allocation Comparison

Sectors	GOOW	QQA
Communication Services	100.0%	13.1%
Basic Materials	-	1.0%
Consumer Cyclical	-	10.7%
Consumer Defensive	-	6.3%
Energy	-	0.5%
Financial Services	-	0.2%
Healthcare	-	3.6%
Industrials	-	2.7%
Real Estate	-	0.1%
Technology	-	60.9%
Utilities	-	1.1%

Return for Risk

GOOW vs. QQA — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

GOOW

GOOW Risk / Return Rank: 90
GOOW Sharpe Ratio Rank: 94
GOOW Sortino Ratio Rank: 92
GOOW Omega Ratio Rank: 90
GOOW Calmar Ratio Rank: 91
GOOW Martin Ratio Rank: 82

QQA

QQA Risk / Return Rank: 56
QQA Sharpe Ratio Rank: 52
QQA Sortino Ratio Rank: 50
QQA Omega Ratio Rank: 49
QQA Calmar Ratio Rank: 63
QQA Martin Ratio Rank: 66

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

GOOW vs. QQA - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Roundhill GOOGL WeeklyPay™ ETF (GOOW) 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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	GOOW	QQA	Difference
Sharpe ratio: Return per unit of total volatility	2.54	1.25	+1.30
Sortino ratio: Return per unit of downside risk	3.43	1.78	+1.65
Omega ratio: Gain probability vs. loss probability	1.42	1.22	+0.20
Calmar ratio: Return relative to maximum drawdown	3.95	2.17	+1.78
Martin ratio: Return relative to average drawdown	10.85	7.99	+2.87

GOOW vs. QQA - Sharpe Ratio Comparison

The current GOOW Sharpe Ratio is 2.54, which is higher than the QQA Sharpe Ratio of 1.25. The chart below compares the historical Sharpe Ratios of GOOW and QQA, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

GOOW vs. QQA - Drawdown Comparison

The maximum GOOW drawdown since its inception was -25.44%, which is greater than QQA's maximum drawdown of -19.73%. Use the drawdown chart below to compare losses from any high point for GOOW and QQA.

Drawdown Indicators

	GOOW	QQA	Difference
Max Drawdown Largest peak-to-trough decline	-25.44%	-19.73%	-5.71%
Max Drawdown (1Y) Largest decline over 1 year	-25.44%	-8.76%	-16.68%
Current Drawdown Current decline from peak	-14.60%	-4.91%	-9.69%
Average Drawdown Average peak-to-trough decline	-6.41%	-2.57%	-3.84%
Ulcer Index Depth and duration of drawdowns from previous peaks	9.24%	2.37%	+6.87%

Volatility

GOOW vs. QQA - Volatility Comparison

Roundhill GOOGL WeeklyPay™ ETF (GOOW) has a higher volatility of 15.50% compared to Invesco QQQ Income Advantage ETF (QQA) at 5.74%. This indicates that GOOW's price experiences larger fluctuations and is considered to be riskier than QQA based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	GOOW	QQA	Difference
Volatility (1M) Calculated over the trailing 1-month period	15.50%	5.74%	+9.76%
Volatility (6M) Calculated over the trailing 6-month period	30.46%	12.66%	+17.80%
Volatility (1Y) Calculated over the trailing 1-year period	39.64%	15.25%	+24.39%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	39.39%	18.67%	+20.72%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	39.39%	18.67%	+20.72%

GOOW vs. QQA - Expense Ratio Comparison

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

Dividends

GOOW vs. QQA - Dividend Comparison

GOOW's dividend yield for the trailing twelve months is around 42.80%, more than QQA's 10.14% yield.

Position	TTM	2025	2024
GOOW Roundhill GOOGL WeeklyPay™ ETF	42.80%	19.77%	0.00%
QQA Invesco QQQ Income Advantage ETF	10.14%	9.78%	4.29%

Frequently Asked Questions

Can I hold both GOOW and QQA in my portfolio?

GOOW and QQA have a correlation of 0.53, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, GOOW or QQA?

GOOW has higher volatility (15.50%) compared to QQA (5.74%). In terms of maximum drawdown, GOOW dropped -25.44% vs QQA's -19.73%.

Which ETF is better, GOOW or QQA?

On 1-year performance, GOOW leads with 103.29% vs 20.59% for QQA. On fees, QQA is cheaper at 0.29% per year. On volatility, QQA has been the lower-risk option at 5.74%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, GOOW or QQA?

Over the 1-year period, GOOW has performed better with a 103.29% return vs 20.59%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, GOOW or QQA?

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

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

GOOW has the higher dividend yield at 42.80%, compared with 10.14% for QQA.

What is the main difference between GOOW and QQA?

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

Which has better risk-adjusted returns?

GOOW currently has the higher Sharpe Ratio (2.54 vs 1.25), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.