QQA vs. ROCY
QQA (Invesco QQQ Income Advantage ETF) and ROCY (JPMorgan Equity Premium Yield ETF) are both Derivative Income funds. Both are actively managed. Their correlation of 0.90 suggests significant overlap in exposure. QQA charges 0.29%/yr vs 0.35%/yr for ROCY.
Performance
QQA vs. ROCY - Performance Comparison
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Returns By Period
QQA
- 1D
- -1.80%
- 1M
- 0.69%
- YTD
- 12.34%
- 6M
- 11.54%
- 1Y
- 28.19%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
ROCY
- 1D
- -1.05%
- 1M
- -0.14%
- YTD
- —
- 6M
- —
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
QQA vs. ROCY - Yearly Performance Comparison
| 2026 (YTD) | |
|---|---|
QQA Invesco QQQ Income Advantage ETF | 13.73% |
ROCY JPMorgan Equity Premium Yield ETF | 9.39% |
Correlation
The correlation between QQA and ROCY is 0.90, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Mar 19, 2026 | 0.90 |
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Return for Risk
QQA vs. ROCY — Risk / Return Rank
QQA
ROCY
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
QQA vs. ROCY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco QQQ Income Advantage ETF (QQA) and JPMorgan Equity Premium Yield ETF (ROCY). 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 | ROCY | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.37 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 3.23 | — | — |
| Martin ratioReturn relative to average drawdown | 13.90 | — | — |
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Drawdowns
QQA vs. ROCY - Drawdown Comparison
The maximum QQA drawdown since its inception was -19.73%, which is greater than ROCY's maximum drawdown of -3.53%. Use the drawdown chart below to compare losses from any high point for QQA and ROCY.
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Drawdown Indicators
| QQA | ROCY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -19.73% | -3.53% | -16.20% |
Max Drawdown (1Y)Largest decline over 1 year | -8.76% | — | — |
Current DrawdownCurrent decline from peak | -2.14% | -1.88% | -0.26% |
Average DrawdownAverage peak-to-trough decline | -2.53% | -0.56% | -1.97% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.03% | — | — |
Volatility
QQA vs. ROCY - Volatility Comparison
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Volatility by Period
| QQA | ROCY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.67% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 11.28% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 13.95% | 12.34% | +1.61% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.59% | 12.34% | +6.25% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.59% | 12.34% | +6.25% |
QQA vs. ROCY - Expense Ratio Comparison
QQA has a 0.29% expense ratio, which is lower than ROCY's 0.35% expense ratio.
Dividends
QQA vs. ROCY - Dividend Comparison
QQA's dividend yield for the trailing twelve months is around 9.70%, more than ROCY's 1.65% yield.
| Position | TTM | 2025 | 2024 |
|---|---|---|---|
QQA Invesco QQQ Income Advantage ETF | 9.70% | 9.78% | 4.29% |
ROCY JPMorgan Equity Premium Yield ETF | 1.65% | 0.00% | 0.00% |
Frequently Asked Questions
QQA and ROCY have a correlation of 0.90, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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.
QQA is cheaper with a 0.29% expense ratio, compared with 0.35% for ROCY.
QQA has the higher dividend yield at 9.70%, compared with 1.65% for ROCY.
They also come from different issuers: Invesco and JPMorgan. Their fees differ too: 0.29% for QQA and 0.35% for ROCY.
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