QBY vs. QQA
QBY (GraniteShares YieldBOOST QBTS ETF) and QQA (Invesco QQQ Income Advantage ETF) are both Derivative Income funds. Both are actively managed. At a 0.45 correlation, their price movements are largely independent. QBY charges 1.07%/yr vs 0.29%/yr for QQA.
Performance
QBY vs. QQA - Performance Comparison
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Returns By Period
In the year-to-date period, QBY achieves a -25.71% return, which is significantly lower than QQA's 14.23% return.
QBY
- 1D
- 0.17%
- 1M
- 1.45%
- YTD
- -25.71%
- 6M
- -31.55%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
QQA
- 1D
- -0.29%
- 1M
- 5.87%
- YTD
- 14.23%
- 6M
- 13.99%
- 1Y
- 31.26%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
QBY vs. QQA - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
QBY GraniteShares YieldBOOST QBTS ETF | -25.71% | -8.88% |
QQA Invesco QQQ Income Advantage ETF | 14.23% | 1.59% |
Correlation
The correlation between QBY and QQA is 0.45, 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 Nov 26, 2025 | 0.45 |
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Return for Risk
QBY vs. QQA — Risk / Return Rank
QBY
QQA
QBY vs. QQA - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for GraniteShares YieldBOOST QBTS ETF (QBY) 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
| QBY | QQA | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | — | 2.50 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -1.62 | 1.17 | -2.79 |
Drawdowns
QBY vs. QQA - Drawdown Comparison
The maximum QBY drawdown since its inception was -38.93%, which is greater than QQA's maximum drawdown of -19.73%. Use the drawdown chart below to compare losses from any high point for QBY and QQA.
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Drawdown Indicators
| QBY | QQA | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -38.93% | -19.73% | -19.20% |
Max Drawdown (1Y)Largest decline over 1 year | — | -8.76% | — |
Current DrawdownCurrent decline from peak | -32.84% | -0.39% | -32.45% |
Average DrawdownAverage peak-to-trough decline | -25.45% | -2.44% | -23.01% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 1.95% | — |
Volatility
QBY vs. QQA - Volatility Comparison
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Volatility by Period
| QBY | QQA | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 2.93% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 9.68% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 32.84% | 12.59% | +20.25% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 32.84% | 18.25% | +14.59% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 32.84% | 18.25% | +14.59% |
QBY vs. QQA - Expense Ratio Comparison
QBY has a 1.07% expense ratio, which is higher than QQA's 0.29% expense ratio.
Dividends
QBY vs. QQA - Dividend Comparison
QBY's dividend yield for the trailing twelve months is around 100.94%, more than QQA's 9.32% yield.
| Position | TTM | 2025 | 2024 |
|---|---|---|---|
QBY GraniteShares YieldBOOST QBTS ETF | 100.94% | 15.05% | 0.00% |
QQA Invesco QQQ Income Advantage ETF | 9.32% | 9.78% | 4.29% |
Frequently Asked Questions
QBY and QQA have a correlation of 0.45, 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 QBY.
QBY has the higher dividend yield at 100.94%, compared with 9.32% for QQA.
They also come from different issuers: GraniteShares and Invesco. Their fees differ too: 1.07% for QBY and 0.29% for QQA.
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