KIQQ vs. QQA

Last updated Aug 1, 2026

KIQQ (KraneShares InspereX Nasdaq Dynamic Buffered High Income Index ETF) and QQA (Invesco QQQ Income Advantage ETF) are both Derivative Income funds. Both are actively managed. Their correlation of 0.93 means they have usually moved in the same direction. KIQQ charges 0.79%/yr vs 0.29%/yr for QQA.

Performance

KIQQ vs. QQA - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in KraneShares InspereX Nasdaq Dynamic Buffered High Income Index ETF (KIQQ) and Invesco QQQ Income Advantage ETF (QQA). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

KIQQ

• 1D: 0.58%
• 1M: -3.21%
• 6M: 3.22%
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: —

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)
KIQQ KraneShares InspereX Nasdaq Dynamic Buffered High Income Index ETF	$11.11K	$10.88K	$6.12K
QQA Invesco QQQ Income Advantage ETF	$6.94M	$6.91M	$6.83M

KIQQ vs. QQA - Yearly Performance Comparison

	2026 (YTD)
KIQQ KraneShares InspereX Nasdaq Dynamic Buffered High Income Index ETF	2.94%
QQA Invesco QQQ Income Advantage ETF	7.78%

Correlation

The correlation between KIQQ and QQA is 0.93, meaning they have usually moved in the same direction, including during past declines.

	Correlation
Correlation (All Time) Calculated using the full available price history since Jan 7, 2026	0.93

Return for Risk

KIQQ vs. QQA — Risk / Return Rank

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

KIQQ

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

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.

KIQQ vs. QQA - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for KraneShares InspereX Nasdaq Dynamic Buffered High Income Index ETF (KIQQ) 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.

	KIQQ	QQA	Difference
Sharpe ratio: Return per unit of total volatility	—	1.25	—
Sortino ratio: Return per unit of downside risk	—	1.78	—
Omega ratio: Gain probability vs. loss probability	—	1.22	—
Calmar ratio: Return relative to maximum drawdown	—	2.17	—
Martin ratio: Return relative to average drawdown	—	7.99	—

Drawdowns

KIQQ vs. QQA - Drawdown Comparison

The maximum KIQQ drawdown since its inception was -10.02%, smaller than the maximum QQA drawdown of -19.73%. Use the drawdown chart below to compare losses from any high point for KIQQ and QQA.

Drawdown Indicators

	KIQQ	QQA	Difference
Max Drawdown Largest peak-to-trough decline	-10.02%	-19.73%	+9.71%
Max Drawdown (1Y) Largest decline over 1 year	—	-8.76%	—
Current Drawdown Current decline from peak	-7.00%	-4.91%	-2.09%
Average Drawdown Average peak-to-trough decline	-2.98%	-2.57%	-0.41%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	2.37%	—

Volatility

Volatility by Period

	KIQQ	QQA	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	5.74%	—
Volatility (6M) Calculated over the trailing 6-month period	—	12.66%	—
Volatility (1Y) Calculated over the trailing 1-year period	16.90%	15.25%	+1.65%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.90%	18.67%	-1.77%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.90%	18.67%	-1.77%

KIQQ vs. QQA - Expense Ratio Comparison

KIQQ has a 0.79% expense ratio, which is higher than QQA's 0.29% expense ratio.

Dividends

KIQQ vs. QQA - Dividend Comparison

KIQQ's dividend yield for the trailing twelve months is around 5.39%, less than QQA's 10.14% yield.

Position	TTM	2025	2024
KIQQ KraneShares InspereX Nasdaq Dynamic Buffered High Income Index ETF	5.39%	0.00%	0.00%
QQA Invesco QQQ Income Advantage ETF	10.14%	9.78%	4.29%

Frequently Asked Questions

Can I hold both KIQQ and QQA in my portfolio?

With a correlation of 0.93, KIQQ 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, KIQQ 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, KIQQ or QQA?

QQA is cheaper with a 0.29% expense ratio, compared with 0.79% for KIQQ.

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

QQA has the higher dividend yield at 10.14%, compared with 5.39% for KIQQ.

What is the main difference between KIQQ and QQA?

They also come from different issuers: KraneShares and Invesco. Their fees differ too: 0.79% for KIQQ and 0.29% for QQA.