Correlation
The correlation between QQA and VRP is 0.49, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
QQA vs. VRP
Compare and contrast key facts about Invesco QQQ Income Advantage ETF (QQA) and Invesco Variable Rate Preferred ETF (VRP).
QQA and VRP 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. VRP is a passively managed fund by Invesco that tracks the performance of the Wells Fargo Hybrid and Preferred Securities Floating and Variable Rate Index. It was launched on May 1, 2014.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: QQA or VRP.
Performance
QQA vs. VRP - Performance Comparison
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Key characteristics
QQA:
23.27%
VRP:
5.48%
QQA:
-19.73%
VRP:
-46.04%
QQA:
-4.17%
VRP:
-0.12%
Returns By Period
In the year-to-date period, QQA achieves a 0.31% return, which is significantly lower than VRP's 2.05% return.
QQA
0.31%
6.97%
1.96%
N/A
N/A
N/A
N/A
VRP
2.05%
1.23%
1.75%
7.33%
7.44%
6.14%
4.95%
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QQA vs. VRP - Expense Ratio Comparison
QQA has a 0.29% expense ratio, which is lower than VRP's 0.50% expense ratio.
Risk-Adjusted Performance
QQA vs. VRP — Risk-Adjusted Performance Rank
QQA
VRP
QQA vs. VRP - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco QQQ Income Advantage ETF (QQA) and Invesco Variable Rate Preferred ETF (VRP). 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.
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Dividends
QQA vs. VRP - Dividend Comparison
QQA's dividend yield for the trailing twelve months is around 8.76%, more than VRP's 5.85% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
QQA Invesco QQQ Income Advantage ETF | 8.76% | 4.29% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
VRP Invesco Variable Rate Preferred ETF | 5.85% | 5.78% | 6.61% | 5.38% | 4.25% | 4.17% | 5.15% | 5.28% | 4.69% | 5.10% | 5.02% | 3.04% |
Drawdowns
QQA vs. VRP - Drawdown Comparison
The maximum QQA drawdown since its inception was -19.73%, smaller than the maximum VRP drawdown of -46.04%. Use the drawdown chart below to compare losses from any high point for QQA and VRP.
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Volatility
QQA vs. VRP - Volatility Comparison
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