KIQQ vs. QQA
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 0.91 suggests significant overlap in exposure. KIQQ charges 0.79%/yr vs 0.29%/yr for QQA.
Performance
KIQQ vs. QQA - Performance Comparison
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Returns By Period
KIQQ
- 1D
- -3.57%
- 1M
- 0.99%
- 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*
- —
KIQQ vs. QQA - Yearly Performance Comparison
| 2026 (YTD) | |
|---|---|
KIQQ KraneShares InspereX Nasdaq Dynamic Buffered High Income Index ETF | 6.53% |
QQA Invesco QQQ Income Advantage ETF | 8.80% |
Correlation
The correlation between KIQQ and QQA is 0.91, 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 Jan 8, 2026 | 0.91 |
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Return for Risk
KIQQ vs. QQA — Risk / Return Rank
KIQQ
QQA
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.
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
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Sharpe Ratios by Period
| KIQQ | 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 | 1.16 | 1.03 | +0.13 |
Drawdowns
KIQQ vs. QQA - Drawdown Comparison
The maximum KIQQ drawdown since its inception was -8.89%, 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.
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Drawdown Indicators
| KIQQ | QQA | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -8.89% | -19.73% | +10.84% |
Max Drawdown (1Y)Largest decline over 1 year | — | -8.76% | — |
Current DrawdownCurrent decline from peak | -4.01% | -3.95% | -0.06% |
Average DrawdownAverage peak-to-trough decline | -2.44% | -2.44% | 0.00% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 1.96% | — |
Volatility
KIQQ vs. QQA - Volatility Comparison
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Volatility by Period
| KIQQ | 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 | 14.55% | 13.11% | +1.44% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.55% | 18.43% | -3.88% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.55% | 18.43% | -3.88% |
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 3.66%, less than QQA's 9.66% yield.
| Position | TTM | 2025 | 2024 |
|---|---|---|---|
KIQQ KraneShares InspereX Nasdaq Dynamic Buffered High Income Index ETF | 3.66% | 0.00% | 0.00% |
QQA Invesco QQQ Income Advantage ETF | 9.66% | 9.78% | 4.29% |
Frequently Asked Questions
With a correlation of 0.91, 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.
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.
QQA is cheaper with a 0.29% expense ratio, compared with 0.79% for KIQQ.
QQA has the higher dividend yield at 9.66%, compared with 3.66% for KIQQ.
They also come from different issuers: KraneShares and Invesco. Their fees differ too: 0.79% for KIQQ and 0.29% for QQA.
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