QQA vs. TSLA

Last updated Jun 4, 2026

QQA (Invesco QQQ Income Advantage ETF) is Derivative Income fund actively managed by Invesco, while TSLA (Tesla, Inc.) is a stock. Over the past year, QQA returned 32.22% vs 23.07% for TSLA. A 0.63 correlation means they provide meaningful diversification when combined.

Performance

QQA vs. TSLA - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Invesco QQQ Income Advantage ETF (QQA) and Tesla, Inc. (TSLA). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, QQA achieves a 14.57% return, which is significantly higher than TSLA's -5.79% return.

QQA

• 1D: -0.10%
• 1M: 7.03%
• YTD: 14.57%
• 6M: 14.20%
• 1Y: 32.22%
• 3Y*: —
• 5Y*: —
• 10Y*: —

TSLA

• 1D: -0.01%
• 1M: 7.95%
• YTD: -5.79%
• 6M: -5.16%
• 1Y: 23.07%
• 3Y*: 25.57%
• 5Y*: 16.24%
• 10Y*: 40.05%

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

QQA vs. TSLA - Yearly Performance Comparison

	2026 (YTD)	2025	2024
QQA Invesco QQQ Income Advantage ETF	14.57%	17.24%	7.11%
TSLA Tesla, Inc.	-5.79%	11.36%	62.51%

Correlation

The correlation between QQA and TSLA is 0.54, 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	0.54
Correlation (All Time) Calculated using the full available price history since Jul 18, 2024	0.63

The correlation between QQA and TSLA has been stable across timeframes, ranging from 0.54 to 0.63 - a consistent structural relationship.

Return for Risk

QQA vs. TSLA — Risk / Return Rank

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

QQA

QQA Risk / Return Rank: 77
QQA Sharpe Ratio Rank: 77
QQA Sortino Ratio Rank: 75
QQA Omega Ratio Rank: 76
QQA Calmar Ratio Rank: 73
QQA Martin Ratio Rank: 81

TSLA

TSLA Risk / Return Rank: 55
TSLA Sharpe Ratio Rank: 57
TSLA Sortino Ratio Rank: 53
TSLA Omega Ratio Rank: 51
TSLA Calmar Ratio Rank: 57
TSLA Martin Ratio Rank: 58

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. TSLA - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco QQQ Income Advantage ETF (QQA) and Tesla, Inc. (TSLA). 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.

	QQA	TSLA	Difference
Sharpe ratio Return per unit of total volatility	2.57	0.50	+2.07
Sortino ratio Return per unit of downside risk	3.47	0.97	+2.50
Omega ratio Gain probability vs. loss probability	1.46	1.12	+0.35
Calmar ratio Return relative to maximum drawdown	3.70	0.77	+2.92
Martin ratio Return relative to average drawdown	16.59	1.81	+14.78
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

QQA vs. TSLA - Sharpe Ratio Comparison

The current QQA Sharpe Ratio is 2.57, which is higher than the TSLA Sharpe Ratio of 0.50. The chart below compares the historical Sharpe Ratios of QQA and TSLA, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	QQA	TSLA	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.57	0.50	+2.07
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.28	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.68	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.18	0.73	+0.44

Drawdowns

QQA vs. TSLA - Drawdown Comparison

The maximum QQA drawdown since its inception was -19.73%, smaller than the maximum TSLA drawdown of -73.63%. Use the drawdown chart below to compare losses from any high point for QQA and TSLA.

Drawdown Indicators

	QQA	TSLA	Difference
Max Drawdown Largest peak-to-trough decline	-19.73%	-73.63%	+53.90%
Max Drawdown (1Y) Largest decline over 1 year	-8.76%	-29.93%	+21.17%
Max Drawdown (3Y) Largest decline over 3 years	—	-53.77%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-73.63%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-73.63%	—
Current Drawdown Current decline from peak	-0.10%	-13.51%	+13.41%
Average Drawdown Average peak-to-trough decline	-2.44%	-22.73%	+20.29%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.95%	12.84%	-10.89%

Volatility

QQA vs. TSLA - Volatility Comparison

The current volatility for Invesco QQQ Income Advantage ETF (QQA) is 2.91%, while Tesla, Inc. (TSLA) has a volatility of 12.12%. This indicates that QQA experiences smaller price fluctuations and is considered to be less risky than TSLA based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	QQA	TSLA	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.91%	12.12%	-9.21%
Volatility (6M) Calculated over the trailing 6-month period	9.68%	27.28%	-17.60%
Volatility (1Y) Calculated over the trailing 1-year period	12.59%	46.36%	-33.77%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.27%	58.85%	-40.58%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.27%	59.11%	-40.84%

Dividends

QQA vs. TSLA - Dividend Comparison

QQA's dividend yield for the trailing twelve months is around 9.29%, while TSLA has not paid dividends to shareholders.

Position	TTM	2025	2024
QQA Invesco QQQ Income Advantage ETF	9.29%	9.78%	4.29%
TSLA Tesla, Inc.	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both QQA and TSLA in my portfolio?

QQA and TSLA have a correlation of 0.54, 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 TSLA?

TSLA has higher volatility (12.12%) compared to QQA (2.91%). In terms of maximum drawdown, QQA dropped -19.73% vs TSLA's -73.63%.

Which has better risk-adjusted returns?

QQA currently has the higher Sharpe Ratio (2.57 vs 0.50), 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.