MRSK vs. QQHG

Last updated Aug 4, 2026

MRSK (Agility Shares Managed Risk ETF) and QQHG (Invesco QQQ Hedged Advantage ETF) are both Equity Hedged funds. Both are actively managed. Over the past year, MRSK returned 17.03% vs 19.25% for QQHG. Their 0.78 correlation means they have sometimes moved together and sometimes differently. MRSK charges 0.99%/yr vs 0.45%/yr for QQHG.

Performance

MRSK vs. QQHG - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Agility Shares Managed Risk ETF (MRSK) and Invesco QQQ Hedged Advantage ETF (QQHG). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, MRSK achieves a 6.64% return, which is significantly lower than QQHG's 8.92% return.

MRSK

• 1D: 0.81%
• 1M: 1.48%
• 6M: 5.13%
• YTD: 6.64%
• 1Y: 17.03%
• 3Y*: 11.11%
• 5Y*: 7.63%
• 10Y*: —
• ALL TIME*: 11.15%

QQHG

• 1D: 0.85%
• 1M: -0.33%
• 6M: 7.62%
• YTD: 8.92%
• 1Y: 19.25%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 24.59%

*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)
MRSK Agility Shares Managed Risk ETF	$835.57K	$1.53M	$1.06M
QQHG Invesco QQQ Hedged Advantage ETF	$45.08K	$107.17K	$66.44K

MRSK vs. QQHG - Yearly Performance Comparison

	2026 (YTD)	2025
MRSK Agility Shares Managed Risk ETF	6.64%	14.53%
QQHG Invesco QQQ Hedged Advantage ETF	8.92%	20.59%

Correlation

The correlation between MRSK and QQHG is 0.78, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.78
Correlation (All Time) Calculated using the full available price history since May 7, 2025	0.78

The correlation between MRSK and QQHG has been stable across timeframes, ranging from 0.78 to 0.78 - a consistent structural relationship.

Return for Risk

MRSK vs. QQHG — Risk / Return Rank

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

MRSK

MRSK Risk / Return Rank: 64
MRSK Sharpe Ratio Rank: 65
MRSK Sortino Ratio Rank: 62
MRSK Omega Ratio Rank: 66
MRSK Calmar Ratio Rank: 59
MRSK Martin Ratio Rank: 67

QQHG

QQHG Risk / Return Rank: 76
QQHG Sharpe Ratio Rank: 76
QQHG Sortino Ratio Rank: 75
QQHG Omega Ratio Rank: 72
QQHG Calmar Ratio Rank: 82
QQHG Martin Ratio Rank: 77

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.

MRSK vs. QQHG - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Agility Shares Managed Risk ETF (MRSK) and Invesco QQQ Hedged Advantage ETF (QQHG). 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.

	MRSK	QQHG	Difference
Sharpe ratio: Return per unit of total volatility	1.57	1.80	-0.23
Sortino ratio: Return per unit of downside risk	2.19	2.54	-0.35
Omega ratio: Gain probability vs. loss probability	1.29	1.31	-0.02
Calmar ratio: Return relative to maximum drawdown	2.19	3.13	-0.94
Martin ratio: Return relative to average drawdown	8.57	10.27	-1.71

MRSK vs. QQHG - Sharpe Ratio Comparison

The current MRSK Sharpe Ratio is 1.57, which is comparable to the QQHG Sharpe Ratio of 1.80. The chart below compares the historical Sharpe Ratios of MRSK and QQHG, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

MRSK vs. QQHG - Drawdown Comparison

The maximum MRSK drawdown since its inception was -14.70%, which is greater than QQHG's maximum drawdown of -6.18%. Use the drawdown chart below to compare losses from any high point for MRSK and QQHG.

Drawdown Indicators

	MRSK	QQHG	Difference
Max Drawdown Largest peak-to-trough decline	-14.70%	-6.18%	-8.52%
Max Drawdown (1Y) Largest decline over 1 year	-7.82%	-6.18%	-1.64%
Max Drawdown (3Y) Largest decline over 3 years	-12.22%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-14.70%	—	—
Current Drawdown Current decline from peak	0.00%	-2.50%	+2.50%
Average Drawdown Average peak-to-trough decline	-3.51%	-1.15%	-2.36%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.99%	1.88%	+0.11%

Volatility

MRSK vs. QQHG - Volatility Comparison

The current volatility for Agility Shares Managed Risk ETF (MRSK) is 1.93%, while Invesco QQQ Hedged Advantage ETF (QQHG) has a volatility of 3.61%. This indicates that MRSK experiences smaller price fluctuations and is considered to be less risky than QQHG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	MRSK	QQHG	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.93%	3.61%	-1.68%
Volatility (6M) Calculated over the trailing 6-month period	8.09%	8.37%	-0.28%
Volatility (1Y) Calculated over the trailing 1-year period	10.91%	10.76%	+0.15%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	11.78%	10.35%	+1.43%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	11.80%	10.35%	+1.45%

MRSK vs. QQHG - Expense Ratio Comparison

MRSK has a 0.99% expense ratio, which is higher than QQHG's 0.45% expense ratio.

Dividends

MRSK vs. QQHG - Dividend Comparison

MRSK's dividend yield for the trailing twelve months is around 0.35%, more than QQHG's 0.26% yield.

Position	TTM	2025	2024	2023	2022	2021	2020
MRSK Agility Shares Managed Risk ETF	0.35%	0.37%	0.44%	0.60%	1.11%	14.20%	4.29%
QQHG Invesco QQQ Hedged Advantage ETF	0.26%	0.17%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both MRSK and QQHG in my portfolio?

MRSK and QQHG have a correlation of 0.78, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, MRSK or QQHG?

QQHG has higher volatility (3.61%) compared to MRSK (1.93%). In terms of maximum drawdown, MRSK dropped -14.70% vs QQHG's -6.18%.

Which ETF is better, MRSK or QQHG?

On 1-year performance, QQHG leads with 19.25% vs 17.03% for MRSK. On fees, QQHG is cheaper at 0.45% per year. On volatility, MRSK has been the lower-risk option at 1.93%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, MRSK or QQHG?

Over the 1-year period, QQHG has performed better with a 19.25% return vs 17.03%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, MRSK or QQHG?

QQHG is cheaper with a 0.45% expense ratio, compared with 0.99% for MRSK.

Which ETF pays a higher dividend yield, MRSK or QQHG?

MRSK has the higher dividend yield at 0.35%, compared with 0.26% for QQHG.

What is the main difference between MRSK and QQHG?

They also come from different issuers: Toews and Invesco. Their fees differ too: 0.99% for MRSK and 0.45% for QQHG.

Which has better risk-adjusted returns?

QQHG currently has the higher Sharpe Ratio (1.80 vs 1.57), 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.