QQA vs. AMDW

Last updated Jun 4, 2026

QQA (Invesco QQQ Income Advantage ETF) and AMDW (Roundhill AMD WeeklyPay ETF) are both Derivative Income funds. Both are actively managed. A 0.57 correlation means they provide meaningful diversification when combined. QQA charges 0.29%/yr vs 0.99%/yr for AMDW.

Performance

QQA vs. AMDW - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Invesco QQQ Income Advantage ETF (QQA) and Roundhill AMD WeeklyPay ETF (AMDW). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, QQA achieves a 14.57% return, which is significantly lower than AMDW's 192.40% return.

QQA

• 1D: -0.10%
• 1M: 7.03%
• YTD: 14.57%
• 6M: 14.20%
• 1Y: 32.22%
• 3Y*: —
• 5Y*: —
• 10Y*: —

AMDW

• 1D: 4.91%
• 1M: 72.80%
• YTD: 192.40%
• 6M: 186.02%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

QQA vs. AMDW - Yearly Performance Comparison

	2026 (YTD)	2025
QQA Invesco QQQ Income Advantage ETF	14.57%	8.92%
AMDW Roundhill AMD WeeklyPay ETF	192.40%	34.24%

Correlation

The correlation between QQA and AMDW is 0.57, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (All Time) Calculated using the full available price history since Jul 25, 2025	0.57

QQA vs. AMDW - Sectors Allocation Comparison

Sectors	QQA	AMDW
Technology	53.8%	28.6%
Communication Services	15.8%	-
Consumer Cyclical	12.3%	-
Consumer Defensive	7.7%	-
Healthcare	4.2%	-
Industrials	2.8%	-
Utilities	1.4%	-
Basic Materials	1.1%	-
Energy	0.6%	-
Financial Services	0.2%	-
Real Estate	0.1%	-

Return for Risk

QQA vs. AMDW — Risk / Return Rank

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

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.

QQA vs. AMDW - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco QQQ Income Advantage ETF (QQA) and Roundhill AMD WeeklyPay ETF (AMDW). 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.

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

Sharpe Ratios by Period

	QQA	AMDW	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.57	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.18	4.83	-3.65

Drawdowns

QQA vs. AMDW - Drawdown Comparison

The maximum QQA drawdown since its inception was -19.73%, smaller than the maximum AMDW drawdown of -34.64%. Use the drawdown chart below to compare losses from any high point for QQA and AMDW.

Drawdown Indicators

	QQA	AMDW	Difference
Max Drawdown Largest peak-to-trough decline	-19.73%	-34.64%	+14.91%
Max Drawdown (1Y) Largest decline over 1 year	-8.76%	—	—
Current Drawdown Current decline from peak	-0.10%	0.00%	-0.10%
Average Drawdown Average peak-to-trough decline	-2.44%	-14.66%	+12.22%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.95%	—	—

Volatility

Volatility by Period

	QQA	AMDW	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	12.59%	81.56%	-68.97%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.27%	81.56%	-63.29%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.27%	81.56%	-63.29%

QQA vs. AMDW - Expense Ratio Comparison

QQA has a 0.29% expense ratio, which is lower than AMDW's 0.99% expense ratio.

Dividends

QQA vs. AMDW - Dividend Comparison

QQA's dividend yield for the trailing twelve months is around 9.29%, less than AMDW's 28.98% yield.

Position	TTM	2025	2024
AMDW Roundhill AMD WeeklyPay ETF	28.98%	34.78%	0.00%
QQA Invesco QQQ Income Advantage ETF	9.29%	9.78%	4.29%

Frequently Asked Questions

Can I hold both QQA and AMDW in my portfolio?

QQA and AMDW have a correlation of 0.57, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, QQA or AMDW?

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, QQA or AMDW?

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

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

AMDW has the higher dividend yield at 28.98%, compared with 9.29% for QQA.

What is the main difference between QQA and AMDW?

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