MSTW vs. QQA

Last updated Jun 3, 2026

MSTW (Roundhill MSTR WeeklyPay ETF) and QQA (Invesco QQQ Income Advantage ETF) are both Derivative Income funds. Both are actively managed. At a 0.48 correlation, their price movements are largely independent. MSTW charges 0.99%/yr vs 0.29%/yr for QQA.

Performance

MSTW vs. QQA - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Roundhill MSTR WeeklyPay ETF (MSTW) 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, MSTW achieves a -16.42% return, which is significantly lower than QQA's 14.68% return.

MSTW

• 1D: -10.09%
• 1M: -27.42%
• YTD: -16.42%
• 6M: -33.03%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

QQA

• 1D: 0.33%
• 1M: 7.02%
• YTD: 14.68%
• 6M: 14.53%
• 1Y: 33.20%
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

MSTW vs. QQA - Yearly Performance Comparison

	2026 (YTD)	2025
MSTW Roundhill MSTR WeeklyPay ETF	-16.42%	-71.42%
QQA Invesco QQQ Income Advantage ETF	14.68%	8.92%

Correlation

The correlation between MSTW and QQA is 0.48, 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 Jul 25, 2025	0.48

Return for Risk

MSTW vs. QQA — Risk / Return Rank

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

QQA

QQA Risk / Return Rank: 80
QQA Sharpe Ratio Rank: 81
QQA Sortino Ratio Rank: 78
QQA Omega Ratio Rank: 79
QQA Calmar Ratio Rank: 76
QQA Martin Ratio Rank: 84

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.

MSTW vs. QQA - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Roundhill MSTR WeeklyPay ETF (MSTW) 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.

Sharpe Ratios by Period

	MSTW	QQA	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	2.65	—
Sharpe Ratio (All Time) Calculated using the full available price history	-0.92	1.18	-2.10

Drawdowns

MSTW vs. QQA - Drawdown Comparison

The maximum MSTW drawdown since its inception was -81.85%, which is greater than QQA's maximum drawdown of -19.73%. Use the drawdown chart below to compare losses from any high point for MSTW and QQA.

Drawdown Indicators

	MSTW	QQA	Difference
Max Drawdown Largest peak-to-trough decline	-81.85%	-19.73%	-62.12%
Max Drawdown (1Y) Largest decline over 1 year	—	-8.76%	—
Current Drawdown Current decline from peak	-76.11%	0.00%	-76.11%
Average Drawdown Average peak-to-trough decline	-54.38%	-2.45%	-51.93%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	1.95%	—

Volatility

Volatility by Period

	MSTW	QQA	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	2.91%	—
Volatility (6M) Calculated over the trailing 6-month period	—	9.68%	—
Volatility (1Y) Calculated over the trailing 1-year period	88.79%	12.61%	+76.18%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	88.79%	18.29%	+70.50%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	88.79%	18.29%	+70.50%

MSTW vs. QQA - Expense Ratio Comparison

MSTW has a 0.99% expense ratio, which is higher than QQA's 0.29% expense ratio.

Dividends

MSTW vs. QQA - Dividend Comparison

MSTW's dividend yield for the trailing twelve months is around 219.17%, more than QQA's 9.28% yield.

Position	TTM	2025	2024
MSTW Roundhill MSTR WeeklyPay ETF	219.17%	106.94%	0.00%
QQA Invesco QQQ Income Advantage ETF	9.28%	9.78%	4.29%

Frequently Asked Questions

Can I hold both MSTW and QQA in my portfolio?

MSTW and QQA have a correlation of 0.48, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, MSTW 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, MSTW or QQA?

QQA is cheaper with a 0.29% expense ratio, compared with 0.99% for MSTW.

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

MSTW has the higher dividend yield at 219.17%, compared with 9.28% for QQA.

What is the main difference between MSTW and QQA?

They also come from different issuers: Roundhill and Invesco. Their fees differ too: 0.99% for MSTW and 0.29% for QQA.