QQA vs. IDMO

Last updated Jul 16, 2026

QQA (Invesco QQQ Income Advantage ETF) and IDMO (Invesco S&P International Developed Momentum ETF) are both exchange-traded funds - QQA is a Derivative Income fund actively managed by Invesco, while IDMO is a Momentum fund tracking the S&P Momentum Developed ex U.S. & South Korea LargeMidCap Index. QQA is actively managed, while IDMO is passively managed. Over the past year, QQA returned 24.24% vs 24.61% for IDMO. A 0.63 correlation means they provide meaningful diversification when combined. QQA charges 0.29%/yr vs 0.25%/yr for IDMO.

Performance

QQA vs. IDMO - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Invesco QQQ Income Advantage ETF (QQA) and Invesco S&P International Developed Momentum ETF (IDMO). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, QQA achieves a 12.84% return, which is significantly higher than IDMO's 10.02% return.

QQA

• 1D: -0.26%
• 1M: -1.71%
• 6M: 11.95%
• YTD: 12.84%
• 1Y: 24.24%
• 3Y*: —
• 5Y*: —
• 10Y*: —

IDMO

• 1D: 0.72%
• 1M: 0.15%
• 6M: 7.03%
• YTD: 10.02%
• 1Y: 24.61%
• 3Y*: 25.56%
• 5Y*: 15.87%
• 10Y*: 12.65%

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

QQA vs. IDMO - Yearly Performance Comparison

	2026 (YTD)	2025	2024
QQA Invesco QQQ Income Advantage ETF	12.84%	17.24%	5.92%
IDMO Invesco S&P International Developed Momentum ETF	10.02%	42.17%	-4.20%

Correlation

The correlation between QQA and IDMO is 0.68, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.68
Correlation (All Time) Calculated using the full available price history since Jul 17, 2024	0.63

The correlation between QQA and IDMO has been stable across timeframes, ranging from 0.63 to 0.68 - a consistent structural relationship.

QQA vs. IDMO - Sectors Allocation Comparison

Sectors	QQA	IDMO
Technology	58.7%	6.2%
Communication Services	14.3%	2.1%
Consumer Cyclical	11.4%	1.5%
Consumer Defensive	6.4%	2.5%
Healthcare	3.7%	1.1%
Industrials	2.6%	21.3%
Utilities	1.2%	7.9%
Basic Materials	1.0%	10.6%
Energy	0.5%	1.7%
Financial Services	0.2%	43.2%
Real Estate	0.1%	1.8%

Return for Risk

QQA vs. IDMO — Risk / Return Rank

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

QQA

QQA Risk / Return Rank: 66
QQA Sharpe Ratio Rank: 63
QQA Sortino Ratio Rank: 61
QQA Omega Ratio Rank: 62
QQA Calmar Ratio Rank: 69
QQA Martin Ratio Rank: 77

IDMO

IDMO Risk / Return Rank: 50
IDMO Sharpe Ratio Rank: 47
IDMO Sortino Ratio Rank: 48
IDMO Omega Ratio Rank: 47
IDMO Calmar Ratio Rank: 49
IDMO Martin Ratio Rank: 57

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. IDMO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco QQQ Income Advantage ETF (QQA) and Invesco S&P International Developed Momentum ETF (IDMO). 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	IDMO	Difference
Sharpe ratio: Return per unit of total volatility	1.68	1.34	+0.34
Sortino ratio: Return per unit of downside risk	2.31	1.95	+0.36
Omega ratio: Gain probability vs. loss probability	1.30	1.25	+0.05
Calmar ratio: Return relative to maximum drawdown	2.78	2.01	+0.77
Martin ratio: Return relative to average drawdown	11.56	7.90	+3.66

QQA vs. IDMO - Sharpe Ratio Comparison

The current QQA Sharpe Ratio is 1.68, which is comparable to the IDMO Sharpe Ratio of 1.34. The chart below compares the historical Sharpe Ratios of QQA and IDMO, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

QQA vs. IDMO - Drawdown Comparison

The maximum QQA drawdown since its inception was -19.73%, smaller than the maximum IDMO drawdown of -39.38%. Use the drawdown chart below to compare losses from any high point for QQA and IDMO.

Drawdown Indicators

	QQA	IDMO	Difference
Max Drawdown Largest peak-to-trough decline	-19.73%	-39.38%	+19.65%
Max Drawdown (1Y) Largest decline over 1 year	-8.76%	-12.31%	+3.55%
Max Drawdown (3Y) Largest decline over 3 years	—	-12.65%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-27.07%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-31.34%	—
Current Drawdown Current decline from peak	-1.71%	-2.38%	+0.67%
Average Drawdown Average peak-to-trough decline	-2.51%	-9.70%	+7.19%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.10%	3.12%	-1.02%

Volatility

QQA vs. IDMO - Volatility Comparison

Invesco QQQ Income Advantage ETF (QQA) and Invesco S&P International Developed Momentum ETF (IDMO) have volatilities of 6.00% and 5.91%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	QQA	IDMO	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.00%	5.91%	+0.09%
Volatility (6M) Calculated over the trailing 6-month period	12.00%	16.78%	-4.78%
Volatility (1Y) Calculated over the trailing 1-year period	14.51%	18.50%	-3.99%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.59%	18.13%	+0.46%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.59%	17.89%	+0.70%

QQA vs. IDMO - Expense Ratio Comparison

QQA has a 0.29% expense ratio, which is higher than IDMO's 0.25% expense ratio.

Dividends

QQA vs. IDMO - Dividend Comparison

QQA's dividend yield for the trailing twelve months is around 9.66%, more than IDMO's 3.63% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
IDMO Invesco S&P International Developed Momentum ETF	3.63%	3.71%	2.24%	2.89%	3.66%	1.81%	1.63%	2.78%	3.27%	3.08%	2.18%	2.52%
QQA Invesco QQQ Income Advantage ETF	9.66%	9.78%	4.29%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both QQA and IDMO in my portfolio?

QQA and IDMO have a correlation of 0.68, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, QQA or IDMO?

QQA has higher volatility (6.00%) compared to IDMO (5.91%). In terms of maximum drawdown, QQA dropped -19.73% vs IDMO's -39.38%.

Which ETF is better, QQA or IDMO?

On 1-year performance, IDMO leads with 24.61% vs 24.24% for QQA. On fees, IDMO is cheaper at 0.25% per year. Their volatility is very similar. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, QQA or IDMO?

Over the 1-year period, IDMO has performed better with a 24.61% return vs 24.24%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, QQA or IDMO?

IDMO is cheaper with a 0.25% expense ratio, compared with 0.29% for QQA.

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

QQA has the higher dividend yield at 9.66%, compared with 3.63% for IDMO.

What is the main difference between QQA and IDMO?

QQA is categorized as Derivative Income, while IDMO is Momentum. Their fees differ too: 0.29% for QQA and 0.25% for IDMO.

Which has better risk-adjusted returns?

QQA currently has the higher Sharpe Ratio (1.68 vs 1.34), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.