QQHG vs. AOR
QQHG (Invesco QQQ Hedged Advantage ETF) and AOR (iShares Core Growth Allocation ETF) are both exchange-traded funds - QQHG is a Equity Hedged fund actively managed by Invesco, while AOR is a Diversified Portfolio fund tracking the S&P Target Risk Growth Index. QQHG is actively managed, while AOR is passively managed. Over the past year, QQHG returned 26.43% vs 19.21% for AOR. Their correlation of 0.83 suggests significant overlap in exposure. QQHG charges 0.45%/yr vs 0.25%/yr for AOR.
Performance
QQHG vs. AOR - Performance Comparison
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Returns By Period
In the year-to-date period, QQHG achieves a 11.43% return, which is significantly higher than AOR's 7.39% return.
QQHG
- 1D
- -0.26%
- 1M
- 4.73%
- YTD
- 11.43%
- 6M
- 10.75%
- 1Y
- 26.43%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
AOR
- 1D
- -0.53%
- 1M
- 2.99%
- YTD
- 7.39%
- 6M
- 7.88%
- 1Y
- 19.21%
- 3Y*
- 14.21%
- 5Y*
- 6.94%
- 10Y*
- 8.40%
QQHG vs. AOR - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
QQHG Invesco QQQ Hedged Advantage ETF | 11.43% | 20.59% |
AOR iShares Core Growth Allocation ETF | 7.39% | 14.64% |
Correlation
The correlation between QQHG and AOR is 0.83, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.83 |
Correlation (All Time) Calculated using the full available price history since May 8, 2025 | 0.83 |
The correlation between QQHG and AOR has been stable across timeframes, ranging from 0.83 to 0.83 - a consistent structural relationship.
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Return for Risk
QQHG vs. AOR — Risk / Return Rank
QQHG
AOR
QQHG vs. AOR - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco QQQ Hedged Advantage ETF (QQHG) and iShares Core Growth Allocation ETF (AOR). 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.
| QQHG | AOR | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.53 | ||
| Sortino ratioReturn per unit of downside risk | +0.65 | ||
| Omega ratioGain probability vs. loss probability | 1.51 | 1.43 | +0.08 |
| Calmar ratioReturn relative to maximum drawdown | 4.30 | 2.90 | +1.39 |
| Martin ratioReturn relative to average drawdown | 17.07 | 12.69 | +4.38 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| QQHG | AOR | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.82 | 2.29 | +0.53 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.66 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.79 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 3.35 | 0.69 | +2.66 |
Drawdowns
QQHG vs. AOR - Drawdown Comparison
The maximum QQHG drawdown since its inception was -6.18%, smaller than the maximum AOR drawdown of -24.44%. Use the drawdown chart below to compare losses from any high point for QQHG and AOR.
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Drawdown Indicators
| QQHG | AOR | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -6.18% | -24.44% | +18.26% |
Max Drawdown (1Y)Largest decline over 1 year | -6.18% | -6.64% | +0.46% |
Max Drawdown (3Y)Largest decline over 3 years | — | -9.77% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -21.72% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -22.95% | — |
Current DrawdownCurrent decline from peak | -0.26% | -0.53% | +0.27% |
Average DrawdownAverage peak-to-trough decline | -0.97% | -3.48% | +2.51% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.55% | 1.52% | +0.03% |
Volatility
QQHG vs. AOR - Volatility Comparison
The current volatility for Invesco QQQ Hedged Advantage ETF (QQHG) is 2.12%, while iShares Core Growth Allocation ETF (AOR) has a volatility of 2.72%. This indicates that QQHG experiences smaller price fluctuations and is considered to be less risky than AOR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| QQHG | AOR | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.12% | 2.72% | -0.60% |
Volatility (6M)Calculated over the trailing 6-month period | 6.66% | 6.81% | -0.15% |
Volatility (1Y)Calculated over the trailing 1-year period | 9.47% | 8.42% | +1.05% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 9.53% | 10.55% | -1.02% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 9.53% | 10.67% | -1.14% |
QQHG vs. AOR - Expense Ratio Comparison
QQHG has a 0.45% expense ratio, which is higher than AOR's 0.25% expense ratio.
Dividends
QQHG vs. AOR - Dividend Comparison
QQHG's dividend yield for the trailing twelve months is around 0.20%, less than AOR's 2.47% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AOR iShares Core Growth Allocation ETF | 2.47% | 2.55% | 2.66% | 2.50% | 2.12% | 1.64% | 1.89% | 2.56% | 2.49% | 4.51% | 2.16% | 2.12% |
QQHG Invesco QQQ Hedged Advantage ETF | 0.20% | 0.17% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
QQHG and AOR have a correlation of 0.83, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
AOR has higher volatility (2.72%) compared to QQHG (2.12%). In terms of maximum drawdown, QQHG dropped -6.18% vs AOR's -24.44%.
On 1-year performance, QQHG leads with 26.43% vs 19.21% for AOR. On fees, AOR is cheaper at 0.25% per year. On volatility, QQHG has been the lower-risk option at 2.12%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, QQHG has performed better with a 26.43% return vs 19.21%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
AOR is cheaper with a 0.25% expense ratio, compared with 0.45% for QQHG.
AOR has the higher dividend yield at 2.47%, compared with 0.20% for QQHG.
QQHG is categorized as Equity Hedged, while AOR is Diversified Portfolio. They also come from different issuers: Invesco and iShares. Their fees differ too: 0.45% for QQHG and 0.25% for AOR.
QQHG currently has the higher Sharpe Ratio (2.82 vs 2.29), 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.
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