QQA vs. VOO
Compare and contrast key facts about Invesco QQQ Income Advantage ETF (QQA) and Vanguard S&P 500 ETF (VOO).
QQA and VOO 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. VOO is a passively managed fund by Vanguard that tracks the performance of the S&P 500 Index. It was launched on Sep 7, 2010.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: QQA or VOO.
Correlation
The correlation between QQA and VOO is 0.85, 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. VOO - Performance Comparison
Key characteristics
QQA:
17.22%
VOO:
12.79%
QQA:
-8.41%
VOO:
-33.99%
QQA:
-1.51%
VOO:
-2.11%
Returns By Period
In the year-to-date period, QQA achieves a 3.10% return, which is significantly higher than VOO's 2.40% return.
QQA
3.10%
-0.33%
11.28%
N/A
N/A
N/A
VOO
2.40%
-1.05%
7.47%
19.81%
14.27%
13.03%
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QQA vs. VOO - Expense Ratio Comparison
QQA has a 0.29% expense ratio, which is higher than VOO's 0.03% expense ratio.
Risk-Adjusted Performance
QQA vs. VOO — Risk-Adjusted Performance Rank
QQA
VOO
QQA vs. VOO - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco QQQ Income Advantage ETF (QQA) and Vanguard S&P 500 ETF (VOO). 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. VOO - Dividend Comparison
QQA's dividend yield for the trailing twelve months is around 5.04%, more than VOO's 1.22% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
QQA Invesco QQQ Income Advantage ETF | 5.04% | 4.29% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
VOO Vanguard S&P 500 ETF | 1.22% | 1.24% | 1.46% | 1.69% | 1.25% | 1.54% | 1.88% | 2.06% | 1.78% | 2.02% | 2.10% | 1.85% |
Drawdowns
QQA vs. VOO - Drawdown Comparison
The maximum QQA drawdown since its inception was -8.41%, smaller than the maximum VOO drawdown of -33.99%. Use the drawdown chart below to compare losses from any high point for QQA and VOO. For additional features, visit the drawdowns tool.
Volatility
QQA vs. VOO - Volatility Comparison
Invesco QQQ Income Advantage ETF (QQA) has a higher volatility of 4.11% compared to Vanguard S&P 500 ETF (VOO) at 3.38%. This indicates that QQA's price experiences larger fluctuations and is considered to be riskier than VOO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.