JOYT vs. QQA

Last updated Jun 4, 2026

JOYT (JPMorgan Equity And Options Total Return ETF) and QQA (Invesco QQQ Income Advantage ETF) are both Derivative Income funds. Both are actively managed. Their correlation of 0.87 suggests significant overlap in exposure. JOYT charges 0.35%/yr vs 0.29%/yr for QQA.

Performance

JOYT vs. QQA - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in JPMorgan Equity And Options Total Return ETF (JOYT) 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, JOYT achieves a 5.08% return, which is significantly lower than QQA's 14.57% return.

JOYT

• 1D: -0.20%
• 1M: 2.91%
• YTD: 5.08%
• 6M: 7.03%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

QQA

• 1D: -0.10%
• 1M: 7.03%
• YTD: 14.57%
• 6M: 14.20%
• 1Y: 32.22%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

JOYT vs. QQA - Yearly Performance Comparison

	2026 (YTD)	2025
JOYT JPMorgan Equity And Options Total Return ETF	5.08%	9.58%
QQA Invesco QQQ Income Advantage ETF	14.57%	7.97%

Correlation

The correlation between JOYT and QQA is 0.87, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (All Time) Calculated using the full available price history since Aug 20, 2025	0.87

JOYT vs. QQA - Sectors Allocation Comparison

Sectors	JOYT	QQA
Technology	35.9%	53.8%
Financial Services	11.6%	0.2%
Communication Services	10.3%	15.8%
Consumer Cyclical	9.7%	12.3%
Healthcare	8.2%	4.2%
Industrials	6.2%	2.8%
Consumer Defensive	4.6%	7.7%
Energy	3.6%	0.6%
Utilities	3.1%	1.4%
Real Estate	1.6%	0.1%
Basic Materials	0.8%	1.1%

Return for Risk

JOYT 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: 77
QQA Sortino Ratio Rank: 75
QQA Omega Ratio Rank: 76
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.

JOYT vs. QQA - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for JPMorgan Equity And Options Total Return ETF (JOYT) 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

	JOYT	QQA	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	2.57	—
Sharpe Ratio (All Time) Calculated using the full available price history	2.10	1.18	+0.92

Drawdowns

JOYT vs. QQA - Drawdown Comparison

The maximum JOYT drawdown since its inception was -6.99%, smaller than the maximum QQA drawdown of -19.73%. Use the drawdown chart below to compare losses from any high point for JOYT and QQA.

Drawdown Indicators

	JOYT	QQA	Difference
Max Drawdown Largest peak-to-trough decline	-6.99%	-19.73%	+12.74%
Max Drawdown (1Y) Largest decline over 1 year	—	-8.76%	—
Current Drawdown Current decline from peak	-0.20%	-0.10%	-0.10%
Average Drawdown Average peak-to-trough decline	-0.87%	-2.44%	+1.57%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	1.95%	—

Volatility

Volatility by Period

	JOYT	QQA	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	2.91%	—
Volatility (6M) Calculated over the trailing 6-month period	—	9.68%	—
Volatility (1Y) Calculated over the trailing 1-year period	9.39%	12.59%	-3.20%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	9.39%	18.27%	-8.88%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	9.39%	18.27%	-8.88%

JOYT vs. QQA - Expense Ratio Comparison

JOYT has a 0.35% expense ratio, which is higher than QQA's 0.29% expense ratio.

Dividends

JOYT vs. QQA - Dividend Comparison

JOYT's dividend yield for the trailing twelve months is around 0.45%, less than QQA's 9.29% yield.

Position	TTM	2025	2024
JOYT JPMorgan Equity And Options Total Return ETF	0.45%	0.28%	0.00%
QQA Invesco QQQ Income Advantage ETF	9.29%	9.78%	4.29%

Frequently Asked Questions

Can I hold both JOYT and QQA in my portfolio?

JOYT and QQA have a correlation of 0.87, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, JOYT 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, JOYT or QQA?

QQA is cheaper with a 0.29% expense ratio, compared with 0.35% for JOYT.

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

QQA has the higher dividend yield at 9.29%, compared with 0.45% for JOYT.

What is the main difference between JOYT and QQA?

They also come from different issuers: JPMorgan and Invesco. Their fees differ too: 0.35% for JOYT and 0.29% for QQA.