MSR vs. QQA
MSR (GraniteShares Autocallable MSTR ETF) and QQA (Invesco QQQ Income Advantage ETF) are both Derivative Income funds. Both are actively managed. At a 0.40 correlation, their price movements are largely independent. MSR charges 1.07%/yr vs 0.29%/yr for QQA.
Performance
MSR vs. QQA - Performance Comparison
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Returns By Period
MSR
- 1D
- 3.32%
- 1M
- -15.44%
- 6M
- —
- YTD
- —
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- —
QQA
- 1D
- 0.05%
- 1M
- -4.07%
- 6M
- 8.88%
- YTD
- 10.11%
- 1Y
- 20.73%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 16.87%
MSR vs. QQA - Yearly Performance Comparison
| 2026 (YTD) | |
|---|---|
MSR GraniteShares Autocallable MSTR ETF | -39.20% |
QQA Invesco QQQ Income Advantage ETF | -0.74% |
Correlation
The correlation between MSR and QQA is 0.40, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since May 12, 2026 | 0.40 |
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Return for Risk
MSR vs. QQA — Risk / Return Rank
MSR
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
QQA
MSR vs. QQA - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for GraniteShares Autocallable MSTR ETF (MSR) 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.
| MSR | QQA | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.25 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 2.38 | — |
| Martin ratioReturn relative to average drawdown | — | 9.70 | — |
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Drawdowns
MSR vs. QQA - Drawdown Comparison
The maximum MSR drawdown since its inception was -50.94%, which is greater than QQA's maximum drawdown of -19.73%. Use the drawdown chart below to compare losses from any high point for MSR and QQA.
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Drawdown Indicators
| MSR | QQA | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -50.94% | -19.73% | -31.21% |
Max Drawdown (1Y)Largest decline over 1 year | — | -8.76% | — |
Current DrawdownCurrent decline from peak | -41.12% | -4.09% | -37.03% |
Average DrawdownAverage peak-to-trough decline | -26.61% | -2.52% | -24.09% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 2.14% | — |
Volatility
MSR vs. QQA - Volatility Comparison
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Volatility by Period
| MSR | QQA | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 5.64% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 12.11% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 75.10% | 14.65% | +60.45% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 75.10% | 18.58% | +56.52% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 75.10% | 18.58% | +56.52% |
MSR vs. QQA - Expense Ratio Comparison
MSR has a 1.07% expense ratio, which is higher than QQA's 0.29% expense ratio.
Dividends
MSR vs. QQA - Dividend Comparison
MSR's dividend yield for the trailing twelve months is around 5.05%, less than QQA's 10.85% yield.
| Position | TTM | 2025 | 2024 |
|---|---|---|---|
MSR GraniteShares Autocallable MSTR ETF | 5.05% | 0.00% | 0.00% |
QQA Invesco QQQ Income Advantage ETF | 10.85% | 9.78% | 4.29% |
Frequently Asked Questions
MSR and QQA have a correlation of 0.40, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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 1.07% for MSR.
QQA has the higher dividend yield at 10.85%, compared with 5.05% for MSR.
They also come from different issuers: GraniteShares and Invesco. Their fees differ too: 1.07% for MSR and 0.29% for QQA.
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