HOII vs. QQA

Last updated Jul 15, 2026

HOII (REX HOOD Growth & Income ETF) and QQA (Invesco QQQ Income Advantage ETF) are both Derivative Income funds. Both are actively managed. A 0.57 correlation means they provide meaningful diversification when combined. HOII charges 0.99%/yr vs 0.29%/yr for QQA.

Performance

HOII vs. QQA - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in REX HOOD Growth & Income ETF (HOII) 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, HOII achieves a 19,132.59% return, which is significantly higher than QQA's 13.13% return.

HOII

• 1D: 0.00%
• 1M: 26,786.58%
• 6M: 17,768.37%
• YTD: 19,132.59%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

QQA

• 1D: 0.94%
• 1M: 0.69%
• 6M: 11.41%
• YTD: 13.13%
• 1Y: 24.91%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

HOII vs. QQA - Yearly Performance Comparison

	2026 (YTD)	2025
HOII REX HOOD Growth & Income ETF	19,132.59%	-23.54%
QQA Invesco QQQ Income Advantage ETF	13.13%	-0.60%

Correlation

The correlation between HOII and QQA is 0.57, 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 Nov 4, 2025	0.57

Return for Risk

HOII vs. QQA — Risk / Return Rank

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

HOII

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

QQA

QQA Risk / Return Rank: 69
QQA Sharpe Ratio Rank: 66
QQA Sortino Ratio Rank: 64
QQA Omega Ratio Rank: 65
QQA Calmar Ratio Rank: 71
QQA Martin Ratio Rank: 79

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.

HOII vs. QQA - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for REX HOOD Growth & Income ETF (HOII) 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.

	HOII	QQA	Difference
Sharpe ratio: Return per unit of total volatility	—	1.72	—
Sortino ratio: Return per unit of downside risk	—	2.36	—
Omega ratio: Gain probability vs. loss probability	—	1.31	—
Calmar ratio: Return relative to maximum drawdown	—	2.86	—
Martin ratio: Return relative to average drawdown	—	11.90	—

Drawdowns

HOII vs. QQA - Drawdown Comparison

The maximum HOII drawdown since its inception was -55.38%, which is greater than QQA's maximum drawdown of -19.73%. Use the drawdown chart below to compare losses from any high point for HOII and QQA.

Drawdown Indicators

	HOII	QQA	Difference
Max Drawdown Largest peak-to-trough decline	-55.38%	-19.73%	-35.65%
Max Drawdown (1Y) Largest decline over 1 year	—	-8.76%	—
Current Drawdown Current decline from peak	0.00%	-1.45%	+1.45%
Average Drawdown Average peak-to-trough decline	-36.68%	-2.51%	-34.17%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	2.10%	—

Volatility

Volatility by Period

	HOII	QQA	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	6.05%	—
Volatility (6M) Calculated over the trailing 6-month period	—	11.99%	—
Volatility (1Y) Calculated over the trailing 1-year period	34,045.59%	14.51%	+34,031.08%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	34,045.59%	18.60%	+34,026.99%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	34,045.59%	18.60%	+34,026.99%

HOII vs. QQA - Expense Ratio Comparison

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

Dividends

HOII vs. QQA - Dividend Comparison

HOII has not paid dividends to shareholders, while QQA's dividend yield for the trailing twelve months is around 9.63%.

Position	TTM	2025	2024
HOII REX HOOD Growth & Income ETF	120.87%	4.41%	0.00%
QQA Invesco QQQ Income Advantage ETF	9.63%	9.78%	4.29%

Frequently Asked Questions

Can I hold both HOII and QQA in my portfolio?

HOII and QQA have a correlation of 0.57, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, HOII 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, HOII or QQA?

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

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

HOII has the higher dividend yield at 120.87%, compared with 9.63% for QQA.

What is the main difference between HOII and QQA?

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