QQA vs. XLG
Compare and contrast key facts about Invesco QQQ Income Advantage ETF (QQA) and Invesco S&P 500® Top 50 ETF (XLG).
QQA and XLG 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. XLG is a passively managed fund by Invesco that tracks the performance of the Russell Top 50 Index. It was launched on May 10, 2005.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: QQA or XLG.
Correlation
The correlation between QQA and XLG is 0.90, 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. XLG - Performance Comparison
Key characteristics
QQA:
23.70%
XLG:
21.84%
QQA:
-19.73%
XLG:
-52.39%
QQA:
-8.05%
XLG:
-9.74%
Returns By Period
In the year-to-date period, QQA achieves a -3.75% return, which is significantly higher than XLG's -6.54% return.
QQA
-3.75%
3.58%
-3.65%
N/A
N/A
N/A
XLG
-6.54%
3.17%
-6.11%
11.22%
17.06%
14.17%
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QQA vs. XLG - Expense Ratio Comparison
QQA has a 0.29% expense ratio, which is higher than XLG's 0.20% expense ratio.
Risk-Adjusted Performance
QQA vs. XLG — Risk-Adjusted Performance Rank
QQA
XLG
QQA vs. XLG - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco QQQ Income Advantage ETF (QQA) and Invesco S&P 500® Top 50 ETF (XLG). 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. XLG - Dividend Comparison
QQA's dividend yield for the trailing twelve months is around 8.16%, more than XLG's 0.78% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
QQA Invesco QQQ Income Advantage ETF | 8.16% | 4.29% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
XLG Invesco S&P 500® Top 50 ETF | 0.78% | 0.72% | 0.97% | 1.34% | 0.94% | 1.25% | 1.58% | 2.00% | 1.85% | 2.00% | 2.09% | 1.97% |
Drawdowns
QQA vs. XLG - Drawdown Comparison
The maximum QQA drawdown since its inception was -19.73%, smaller than the maximum XLG drawdown of -52.39%. Use the drawdown chart below to compare losses from any high point for QQA and XLG. For additional features, visit the drawdowns tool.
Volatility
QQA vs. XLG - Volatility Comparison
The current volatility for Invesco QQQ Income Advantage ETF (QQA) is 6.83%, while Invesco S&P 500® Top 50 ETF (XLG) has a volatility of 7.53%. This indicates that QQA experiences smaller price fluctuations and is considered to be less risky than XLG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.