QQA vs. QQQI
Compare and contrast key facts about Invesco QQQ Income Advantage ETF (QQA) and NEOS Nasdaq 100 High Income ETF (QQQI).
QQA and QQQI are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. QQA is an actively managed fund by Invesco. It was launched on Jul 17, 2024. QQQI is an actively managed fund by Neos. It was launched on Jan 30, 2024.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: QQA or QQQI.
Correlation
The correlation between QQA and QQQI is 0.90, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
QQA vs. QQQI - Performance Comparison
Key characteristics
QQA:
23.76%
QQQI:
21.20%
QQA:
-19.73%
QQQI:
-20.00%
QQA:
-7.97%
QQQI:
-7.24%
Returns By Period
In the year-to-date period, QQA achieves a -3.67% return, which is significantly lower than QQQI's -2.51% return.
QQA
-3.67%
14.65%
-2.83%
N/A
N/A
N/A
QQQI
-2.51%
15.94%
-1.24%
12.21%
N/A
N/A
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QQA vs. QQQI - Expense Ratio Comparison
QQA has a 0.29% expense ratio, which is lower than QQQI's 0.68% expense ratio.
Risk-Adjusted Performance
QQA vs. QQQI — Risk-Adjusted Performance Rank
QQA
QQQI
QQA vs. QQQI - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco QQQ Income Advantage ETF (QQA) and NEOS Nasdaq 100 High Income ETF (QQQI). 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.
Not enough dataDividends
QQA vs. QQQI - Dividend Comparison
QQA's dividend yield for the trailing twelve months is around 8.15%, less than QQQI's 14.99% yield.
| TTM | 2024 | |
|---|---|---|
QQA Invesco QQQ Income Advantage ETF | 8.15% | 4.29% |
QQQI NEOS Nasdaq 100 High Income ETF | 14.99% | 12.85% |
Drawdowns
QQA vs. QQQI - Drawdown Comparison
The maximum QQA drawdown since its inception was -19.73%, roughly equal to the maximum QQQI drawdown of -20.00%. Use the drawdown chart below to compare losses from any high point for QQA and QQQI. For additional features, visit the drawdowns tool.
Volatility
QQA vs. QQQI - Volatility Comparison
Invesco QQQ Income Advantage ETF (QQA) and NEOS Nasdaq 100 High Income ETF (QQQI) have volatilities of 12.01% and 12.43%, 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.