QQA vs. SOXY

Last updated Aug 5, 2026

QQA (Invesco QQQ Income Advantage ETF) and SOXY (YieldMax Target 12™ Semiconductor Option Income ETF) are both Derivative Income funds. Both are actively managed. Over the past year, QQA returned 23.36% vs 104.81% for SOXY. Their correlation of 0.83 means they have usually moved in the same direction. QQA charges 0.29%/yr vs 1.06%/yr for SOXY.

Performance

QQA vs. SOXY - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Invesco QQQ Income Advantage ETF (QQA) and YieldMax Target 12™ Semiconductor Option Income ETF (SOXY). 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 SOXY's 70.13% return.

QQA

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

SOXY

• 1D: 6.56%
• 1M: -5.46%
• 6M: 53.12%
• YTD: 70.13%
• 1Y: 104.81%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 65.13%

*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)
QQA Invesco QQQ Income Advantage ETF	$6.82M	$6.97M	$6.88M
SOXY YieldMax Target 12™ Semiconductor Option Income ETF	$1.66M	$2.38M	$2.08M

QQA vs. SOXY - Yearly Performance Comparison

	2026 (YTD)	2025	2024
QQA Invesco QQQ Income Advantage ETF	13.41%	17.24%	-0.32%
SOXY YieldMax Target 12™ Semiconductor Option Income ETF	70.13%	37.00%	-0.99%

Correlation

The correlation between QQA and SOXY is 0.83, meaning they have usually moved in the same direction, including during past declines.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.83
Correlation (All Time) Calculated using the full available price history since Dec 3, 2024	0.83

The correlation between QQA and SOXY has been stable across timeframes, ranging from 0.83 to 0.83 - a consistent structural relationship.

QQA vs. SOXY - Sectors Allocation Comparison

Sectors	QQA	SOXY
Technology	60.9%	100.0%
Communication Services	13.1%	0.0%
Consumer Cyclical	10.7%	0.0%
Consumer Defensive	6.3%	0.0%
Healthcare	3.6%	0.0%
Industrials	2.7%	0.0%
Utilities	1.1%	0.0%
Basic Materials	1.0%	0.0%
Energy	0.5%	0.0%
Financial Services	0.2%	0.1%
Real Estate	0.1%	-

Return for Risk

QQA vs. SOXY — 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

SOXY

SOXY Risk / Return Rank: 88
SOXY Sharpe Ratio Rank: 93
SOXY Sortino Ratio Rank: 83
SOXY Omega Ratio Rank: 85
SOXY Calmar Ratio Rank: 86
SOXY Martin Ratio Rank: 91

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. SOXY - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco QQQ Income Advantage ETF (QQA) and YieldMax Target 12™ Semiconductor Option Income ETF (SOXY). 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	SOXY	Difference
Sharpe ratio: Return per unit of total volatility	1.53	2.62	-1.09
Sortino ratio: Return per unit of downside risk	2.15	3.00	-0.85
Omega ratio: Gain probability vs. loss probability	1.27	1.40	-0.14
Calmar ratio: Return relative to maximum drawdown	2.68	3.69	-1.01
Martin ratio: Return relative to average drawdown	9.82	16.12	-6.30

QQA vs. SOXY - Sharpe Ratio Comparison

The current QQA Sharpe Ratio is 1.53, which is lower than the SOXY Sharpe Ratio of 2.62. The chart below compares the historical Sharpe Ratios of QQA and SOXY, 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. SOXY - Drawdown Comparison

The maximum QQA drawdown since its inception was -19.73%, smaller than the maximum SOXY drawdown of -30.22%. Use the drawdown chart below to compare losses from any high point for QQA and SOXY.

Drawdown Indicators

	QQA	SOXY	Difference
Max Drawdown Largest peak-to-trough decline	-19.73%	-30.22%	+10.49%
Max Drawdown (1Y) Largest decline over 1 year	-8.76%	-28.56%	+19.80%
Current Drawdown Current decline from peak	-1.21%	-15.88%	+14.67%
Average Drawdown Average peak-to-trough decline	-2.57%	-5.55%	+2.98%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.38%	6.52%	-4.14%

Volatility

QQA vs. SOXY - Volatility Comparison

The current volatility for Invesco QQQ Income Advantage ETF (QQA) is 6.20%, while YieldMax Target 12™ Semiconductor Option Income ETF (SOXY) has a volatility of 19.07%. This indicates that QQA experiences smaller price fluctuations and is considered to be less risky than SOXY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	QQA	SOXY	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.20%	19.07%	-12.87%
Volatility (6M) Calculated over the trailing 6-month period	12.89%	36.04%	-23.15%
Volatility (1Y) Calculated over the trailing 1-year period	15.41%	40.29%	-24.88%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.73%	39.52%	-20.79%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.73%	39.52%	-20.79%

QQA vs. SOXY - Expense Ratio Comparison

QQA has a 0.29% expense ratio, which is lower than SOXY's 1.06% expense ratio.

Dividends

QQA vs. SOXY - Dividend Comparison

QQA's dividend yield for the trailing twelve months is around 9.76%, more than SOXY's 8.76% yield.

Position	TTM	2025	2024
QQA Invesco QQQ Income Advantage ETF	9.76%	9.78%	4.29%
SOXY YieldMax Target 12™ Semiconductor Option Income ETF	8.76%	11.47%	0.00%

Frequently Asked Questions

Can I hold both QQA and SOXY in my portfolio?

QQA and SOXY have a correlation of 0.83, 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 SOXY?

SOXY has higher volatility (19.07%) compared to QQA (6.20%). In terms of maximum drawdown, QQA dropped -19.73% vs SOXY's -30.22%.

Which ETF is better, QQA or SOXY?

On 1-year performance, SOXY leads with 104.81% vs 23.36% for QQA. On fees, QQA is cheaper at 0.29% per year. On volatility, QQA has been the lower-risk option at 6.20%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, QQA or SOXY?

Over the 1-year period, SOXY has performed better with a 104.81% return vs 23.36%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, QQA or SOXY?

QQA is cheaper with a 0.29% expense ratio, compared with 1.06% for SOXY.

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

QQA has the higher dividend yield at 9.76%, compared with 8.76% for SOXY.

What is the main difference between QQA and SOXY?

They also come from different issuers: Invesco and YieldMax. Their fees differ too: 0.29% for QQA and 1.06% for SOXY.

Which has better risk-adjusted returns?

SOXY currently has the higher Sharpe Ratio (2.62 vs 1.53), 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.