QQA vs. TLTX
QQA (Invesco QQQ Income Advantage ETF) and TLTX (Global X Treasury Bond Enhanced Income ETF) are both exchange-traded funds - QQA is a Derivative Income fund actively managed by Invesco, while TLTX is a Government Bonds fund actively managed by Global X. Both are actively managed. Over the past year, QQA returned 24.24% vs 4.54% for TLTX. At a 0.22 correlation, their price movements are largely independent. Both charge a 0.29% expense ratio.
Performance
QQA vs. TLTX - Performance Comparison
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Returns By Period
In the year-to-date period, QQA achieves a 12.84% return, which is significantly higher than TLTX's -1.39% return.
QQA
- 1D
- -0.26%
- 1M
- -1.71%
- 6M
- 11.95%
- YTD
- 12.84%
- 1Y
- 24.24%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
TLTX
- 1D
- 0.15%
- 1M
- -3.09%
- 6M
- -1.83%
- YTD
- -1.39%
- 1Y
- 4.54%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
QQA vs. TLTX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
QQA Invesco QQQ Income Advantage ETF | 12.84% | 10.11% |
TLTX Global X Treasury Bond Enhanced Income ETF | -1.39% | 6.02% |
Correlation
The correlation between QQA and TLTX is 0.22, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Jul 16, 2025 | 0.22 |
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Return for Risk
QQA vs. TLTX — Risk / Return Rank
QQA
TLTX
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
QQA vs. TLTX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco QQQ Income Advantage ETF (QQA) and Global X Treasury Bond Enhanced Income ETF (TLTX). 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 | TLTX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.30 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 2.78 | — | — |
| Martin ratioReturn relative to average drawdown | 11.56 | — | — |
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Drawdowns
QQA vs. TLTX - Drawdown Comparison
The maximum QQA drawdown since its inception was -19.73%, which is greater than TLTX's maximum drawdown of -6.35%. Use the drawdown chart below to compare losses from any high point for QQA and TLTX.
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Drawdown Indicators
| QQA | TLTX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -19.73% | -6.35% | -13.38% |
Max Drawdown (1Y)Largest decline over 1 year | -8.76% | -6.35% | -2.41% |
Current DrawdownCurrent decline from peak | -1.71% | -5.04% | +3.33% |
Average DrawdownAverage peak-to-trough decline | -2.51% | -2.37% | -0.14% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.10% | — | — |
Volatility
QQA vs. TLTX - Volatility Comparison
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Volatility by Period
| QQA | TLTX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.00% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 12.00% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 14.51% | 9.26% | +5.25% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.59% | 9.26% | +9.33% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.59% | 9.26% | +9.33% |
QQA vs. TLTX - Expense Ratio Comparison
Both QQA and TLTX have an expense ratio of 0.29%.
Dividends
QQA vs. TLTX - Dividend Comparison
QQA's dividend yield for the trailing twelve months is around 9.66%, less than TLTX's 17.69% yield.
| Position | TTM | 2025 | 2024 |
|---|---|---|---|
QQA Invesco QQQ Income Advantage ETF | 9.66% | 9.78% | 4.29% |
TLTX Global X Treasury Bond Enhanced Income ETF | 17.69% | 7.54% | 0.00% |
Frequently Asked Questions
QQA and TLTX have a correlation of 0.22, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On 1-year performance, QQA leads with 24.24% vs 4.54% for TLTX. Both ETFs have the same 0.29% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, QQA has performed better with a 24.24% return vs 4.54%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
QQA and TLTX have the same expense ratio: 0.29% per year.
TLTX has the higher dividend yield at 17.69%, compared with 9.66% for QQA.
QQA is categorized as Derivative Income, while TLTX is Government Bonds. They also come from different issuers: Invesco and Global X.
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