LDRX vs. QQA

Last updated Jun 4, 2026

LDRX (SGI Enhanced Market Leaders ETF) and QQA (Invesco QQQ Income Advantage ETF) are both Derivative Income funds. Both are actively managed. Over the past year, LDRX returned 30.54% vs 32.22% for QQA. Their correlation of 0.86 suggests significant overlap in exposure. LDRX charges 0.59%/yr vs 0.29%/yr for QQA.

Performance

LDRX vs. QQA - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in SGI Enhanced Market Leaders ETF (LDRX) 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, LDRX achieves a 10.09% return, which is significantly lower than QQA's 14.57% return.

LDRX

• 1D: -0.69%
• 1M: 5.60%
• YTD: 10.09%
• 6M: 9.87%
• 1Y: 30.54%
• 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)

LDRX vs. QQA - Yearly Performance Comparison

	2026 (YTD)	2025
LDRX SGI Enhanced Market Leaders ETF	10.09%	23.81%
QQA Invesco QQQ Income Advantage ETF	14.57%	22.03%

Correlation

The correlation between LDRX 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 (1Y) Calculated over the trailing 1-year period	0.87
Correlation (All Time) Calculated using the full available price history since May 6, 2025	0.86

The correlation between LDRX and QQA has been stable across timeframes, ranging from 0.86 to 0.87 - a consistent structural relationship.

Return for Risk

LDRX vs. QQA — Risk / Return Rank

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

LDRX

LDRX Risk / Return Rank: 71
LDRX Sharpe Ratio Rank: 76
LDRX Sortino Ratio Rank: 76
LDRX Omega Ratio Rank: 73
LDRX Calmar Ratio Rank: 60
LDRX Martin Ratio Rank: 68

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.

LDRX vs. QQA - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for SGI Enhanced Market Leaders ETF (LDRX) 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.

	LDRX	QQA	Difference
Sharpe ratio: Return per unit of total volatility	2.42	2.57	-0.15
Sortino ratio: Return per unit of downside risk	3.39	3.47	-0.07
Omega ratio: Gain probability vs. loss probability	1.43	1.46	-0.03
Calmar ratio: Return relative to maximum drawdown	2.89	3.70	-0.81
Martin ratio: Return relative to average drawdown	12.31	16.59	-4.28
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

LDRX vs. QQA - Sharpe Ratio Comparison

The current LDRX Sharpe Ratio is 2.42, which is comparable to the QQA Sharpe Ratio of 2.57. The chart below compares the historical Sharpe Ratios of LDRX 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.

Sharpe Ratios by Period

	LDRX	QQA	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.42	2.57	-0.15
Sharpe Ratio (All Time) Calculated using the full available price history	2.60	1.18	+1.43

Drawdowns

LDRX vs. QQA - Drawdown Comparison

The maximum LDRX drawdown since its inception was -10.62%, smaller than the maximum QQA drawdown of -19.73%. Use the drawdown chart below to compare losses from any high point for LDRX and QQA.

Drawdown Indicators

	LDRX	QQA	Difference
Max Drawdown Largest peak-to-trough decline	-10.62%	-19.73%	+9.11%
Max Drawdown (1Y) Largest decline over 1 year	-10.62%	-8.76%	-1.86%
Current Drawdown Current decline from peak	-0.76%	-0.10%	-0.66%
Average Drawdown Average peak-to-trough decline	-1.44%	-2.44%	+1.00%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.49%	1.95%	+0.54%

Volatility

LDRX vs. QQA - Volatility Comparison

SGI Enhanced Market Leaders ETF (LDRX) has a higher volatility of 3.23% compared to Invesco QQQ Income Advantage ETF (QQA) at 2.91%. This indicates that LDRX'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

	LDRX	QQA	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.23%	2.91%	+0.32%
Volatility (6M) Calculated over the trailing 6-month period	9.62%	9.68%	-0.06%
Volatility (1Y) Calculated over the trailing 1-year period	12.67%	12.59%	+0.08%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	12.85%	18.27%	-5.42%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	12.85%	18.27%	-5.42%

LDRX vs. QQA - Expense Ratio Comparison

LDRX has a 0.59% expense ratio, which is higher than QQA's 0.29% expense ratio.

Dividends

LDRX vs. QQA - Dividend Comparison

LDRX's dividend yield for the trailing twelve months is around 1.19%, less than QQA's 9.29% yield.

Position	TTM	2025	2024
LDRX SGI Enhanced Market Leaders ETF	1.19%	1.19%	0.00%
QQA Invesco QQQ Income Advantage ETF	9.29%	9.78%	4.29%

Frequently Asked Questions

Can I hold both LDRX and QQA in my portfolio?

LDRX 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 is riskier, LDRX or QQA?

LDRX has higher volatility (3.23%) compared to QQA (2.91%). In terms of maximum drawdown, LDRX dropped -10.62% vs QQA's -19.73%.

Which ETF is better, LDRX or QQA?

On 1-year performance, QQA leads with 32.22% vs 30.54% for LDRX. On fees, QQA is cheaper at 0.29% per year. On volatility, QQA has been the lower-risk option at 2.91%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, LDRX or QQA?

Over the 1-year period, QQA has performed better with a 32.22% return vs 30.54%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, LDRX or QQA?

QQA is cheaper with a 0.29% expense ratio, compared with 0.59% for LDRX.

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

QQA has the higher dividend yield at 9.29%, compared with 1.19% for LDRX.

What is the main difference between LDRX and QQA?

They also come from different issuers: Summit Global Investments and Invesco. Their fees differ too: 0.59% for LDRX and 0.29% for QQA.

Which has better risk-adjusted returns?

QQA currently has the higher Sharpe Ratio (2.57 vs 2.42), 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.