QQA vs. ARMW

Last updated Aug 5, 2026

QQA (Invesco QQQ Income Advantage ETF) and ARMW (Roundhill ARM WeeklyPay ETF) are both Derivative Income funds. Both are actively managed. Their 0.63 correlation means they have sometimes moved together and sometimes differently. QQA charges 0.29%/yr vs 0.99%/yr for ARMW.

Performance

QQA vs. ARMW - Performance Comparison

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

Returns By Period

In the year-to-date period, QQA achieves a 13.41% return, which is significantly lower than ARMW's 184.82% return.

QQA

• 1D: 2.44%
• 1M: 1.51%
• 6M: 12.57%
• YTD: 13.41%
• 1Y: 23.36%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 18.20%

ARMW

• 1D: 21.87%
• 1M: -13.39%
• 6M: 202.81%
• YTD: 184.82%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: —

*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)
ARMW Roundhill ARM WeeklyPay ETF	$3.27M	$4.47M	$4.19M
QQA Invesco QQQ Income Advantage ETF	$6.82M	$6.97M	$6.88M

QQA vs. ARMW - Yearly Performance Comparison

	2026 (YTD)	2025
QQA Invesco QQQ Income Advantage ETF	13.41%	2.40%
ARMW Roundhill ARM WeeklyPay ETF	184.82%	-41.28%

Correlation

The correlation between QQA and ARMW is 0.63, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.

	Correlation
Correlation (All Time) Calculated using the full available price history since Oct 23, 2025	0.63

QQA vs. ARMW - Sectors Allocation Comparison

Sectors	QQA	ARMW
Technology	60.9%	18.0%
Communication Services	13.1%	-
Consumer Cyclical	10.7%	-
Consumer Defensive	6.3%	-
Healthcare	3.6%	-
Industrials	2.7%	-
Utilities	1.1%	-
Basic Materials	1.0%	-
Energy	0.5%	-
Financial Services	0.2%	-
Real Estate	0.1%	-

Return for Risk

QQA vs. ARMW — Risk / Return Rank

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

QQA

QQA Risk / Return Rank: 61
QQA Sharpe Ratio Rank: 56
QQA Sortino Ratio Rank: 55
QQA Omega Ratio Rank: 53
QQA Calmar Ratio Rank: 69
QQA Martin Ratio Rank: 71

ARMW

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

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.

QQA vs. ARMW - Risk-Adjusted Trends Comparison

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

	QQA	ARMW	Difference
Sharpe ratio: Return per unit of total volatility	1.53	—	—
Sortino ratio: Return per unit of downside risk	2.15	—	—
Omega ratio: Gain probability vs. loss probability	1.27	—	—
Calmar ratio: Return relative to maximum drawdown	2.68	—	—
Martin ratio: Return relative to average drawdown	9.82	—	—

Drawdowns

QQA vs. ARMW - Drawdown Comparison

The maximum QQA drawdown since its inception was -19.73%, smaller than the maximum ARMW drawdown of -56.50%. Use the drawdown chart below to compare losses from any high point for QQA and ARMW.

Drawdown Indicators

	QQA	ARMW	Difference
Max Drawdown Largest peak-to-trough decline	-19.73%	-56.50%	+36.77%
Max Drawdown (1Y) Largest decline over 1 year	-8.76%	—	—
Current Drawdown Current decline from peak	-1.21%	-42.68%	+41.47%
Average Drawdown Average peak-to-trough decline	-2.57%	-27.39%	+24.82%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.38%	—	—

Volatility

Volatility by Period

	QQA	ARMW	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.20%	—	—
Volatility (6M) Calculated over the trailing 6-month period	12.89%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	15.41%	98.62%	-83.21%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.73%	98.62%	-79.89%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.73%	98.62%	-79.89%

QQA vs. ARMW - Expense Ratio Comparison

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

Dividends

QQA vs. ARMW - Dividend Comparison

QQA's dividend yield for the trailing twelve months is around 9.76%, less than ARMW's 54.31% yield.

Position	TTM	2025	2024
ARMW Roundhill ARM WeeklyPay ETF	54.31%	16.38%	0.00%
QQA Invesco QQQ Income Advantage ETF	9.76%	9.78%	4.29%

Frequently Asked Questions

Can I hold both QQA and ARMW in my portfolio?

QQA and ARMW have a correlation of 0.63, 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 ARMW?

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 ARMW?

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

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

ARMW has the higher dividend yield at 54.31%, compared with 9.76% for QQA.

What is the main difference between QQA and ARMW?

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