QQA vs. MSTY

Last updated Jun 24, 2026

QQA (Invesco QQQ Income Advantage ETF) and MSTY (YieldMax™ MSTR Option Income Strategy ETF) are both Derivative Income funds. Both are actively managed. Over the past year, QQA returned 28.19% vs -66.58% for MSTY. At a 0.47 correlation, their price movements are largely independent. QQA charges 0.29%/yr vs 0.99%/yr for MSTY.

Performance

QQA vs. MSTY - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Invesco QQQ Income Advantage ETF (QQA) and YieldMax™ MSTR Option Income Strategy ETF (MSTY). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, QQA achieves a 12.34% return, which is significantly higher than MSTY's -27.80% return.

QQA

• 1D: -1.80%
• 1M: 0.69%
• YTD: 12.34%
• 6M: 11.54%
• 1Y: 28.19%
• 3Y*: —
• 5Y*: —
• 10Y*: —

MSTY

• 1D: -4.55%
• 1M: -31.74%
• YTD: -27.80%
• 6M: -29.80%
• 1Y: -66.58%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

QQA vs. MSTY - Yearly Performance Comparison

	2026 (YTD)	2025	2024
QQA Invesco QQQ Income Advantage ETF	12.34%	17.24%	5.92%
MSTY YieldMax™ MSTR Option Income Strategy ETF	-27.80%	-42.71%	56.47%

Correlation

The correlation between QQA and MSTY is 0.51, 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	0.51
Correlation (All Time) Calculated using the full available price history since Jul 17, 2024	0.47

The correlation between QQA and MSTY has been stable across timeframes, ranging from 0.47 to 0.51 - a consistent structural relationship.

Return for Risk

QQA vs. MSTY — Risk / Return Rank

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

QQA

QQA Risk / Return Rank: 67
QQA Sharpe Ratio Rank: 65
QQA Sortino Ratio Rank: 61
QQA Omega Ratio Rank: 64
QQA Calmar Ratio Rank: 67
QQA Martin Ratio Rank: 76

MSTY

MSTY Risk / Return Rank: 1
MSTY Sharpe Ratio Rank: 1
MSTY Sortino Ratio Rank: 1
MSTY Omega Ratio Rank: 1
MSTY Calmar Ratio Rank: 1
MSTY Martin Ratio Rank: 2

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. MSTY - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco QQQ Income Advantage ETF (QQA) and YieldMax™ MSTR Option Income Strategy ETF (MSTY). 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	MSTY	Difference
Sharpe ratio: Return per unit of total volatility	2.03	-1.08	+3.11
Sortino ratio: Return per unit of downside risk	2.74	-1.96	+4.70
Omega ratio: Gain probability vs. loss probability	1.37	0.79	+0.58
Calmar ratio: Return relative to maximum drawdown	3.23	-0.93	+4.16
Martin ratio: Return relative to average drawdown	13.90	-1.35	+15.25

QQA vs. MSTY - Sharpe Ratio Comparison

The current QQA Sharpe Ratio is 2.03, which is higher than the MSTY Sharpe Ratio of -1.08. The chart below compares the historical Sharpe Ratios of QQA and MSTY, 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. MSTY - Drawdown Comparison

The maximum QQA drawdown since its inception was -19.73%, smaller than the maximum MSTY drawdown of -71.79%. Use the drawdown chart below to compare losses from any high point for QQA and MSTY.

Drawdown Indicators

	QQA	MSTY	Difference
Max Drawdown Largest peak-to-trough decline	-19.73%	-71.79%	+52.06%
Max Drawdown (1Y) Largest decline over 1 year	-8.76%	-71.79%	+63.03%
Current Drawdown Current decline from peak	-2.14%	-71.62%	+69.48%
Average Drawdown Average peak-to-trough decline	-2.53%	-26.97%	+24.44%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.03%	49.36%	-47.33%

Volatility

QQA vs. MSTY - Volatility Comparison

The current volatility for Invesco QQQ Income Advantage ETF (QQA) is 6.67%, while YieldMax™ MSTR Option Income Strategy ETF (MSTY) has a volatility of 19.32%. This indicates that QQA experiences smaller price fluctuations and is considered to be less risky than MSTY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	QQA	MSTY	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.67%	19.32%	-12.65%
Volatility (6M) Calculated over the trailing 6-month period	11.28%	49.66%	-38.38%
Volatility (1Y) Calculated over the trailing 1-year period	13.95%	62.02%	-48.07%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.59%	71.82%	-53.23%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.59%	71.82%	-53.23%

QQA vs. MSTY - Expense Ratio Comparison

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

Dividends

QQA vs. MSTY - Dividend Comparison

QQA's dividend yield for the trailing twelve months is around 9.70%, less than MSTY's 286.06% yield.

Position	TTM	2025	2024
MSTY YieldMax™ MSTR Option Income Strategy ETF	286.06%	294.61%	104.56%
QQA Invesco QQQ Income Advantage ETF	9.70%	9.78%	4.29%

Frequently Asked Questions

Can I hold both QQA and MSTY in my portfolio?

QQA and MSTY have a correlation of 0.51, 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 MSTY?

MSTY has higher volatility (19.32%) compared to QQA (6.67%). In terms of maximum drawdown, QQA dropped -19.73% vs MSTY's -71.79%.

Which ETF is better, QQA or MSTY?

On 1-year performance, QQA leads with 28.19% vs -66.58% for MSTY. On fees, QQA is cheaper at 0.29% per year. On volatility, QQA has been the lower-risk option at 6.67%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, QQA or MSTY?

Over the 1-year period, QQA has performed better with a 28.19% return vs -66.58%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, QQA or MSTY?

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

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

MSTY has the higher dividend yield at 286.06%, compared with 9.70% for QQA.

What is the main difference between QQA and MSTY?

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

Which has better risk-adjusted returns?

QQA currently has the higher Sharpe Ratio (2.03 vs -1.08), 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.