QQHG vs. MRSK

Last updated Apr 2, 2026

Compare and contrast key facts about Invesco QQQ Hedged Advantage ETF (QQHG) and Agility Shares Managed Risk ETF (MRSK).

QQHG and MRSK are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. QQHG is an actively managed fund by Invesco. It was launched on May 5, 2025. MRSK is an actively managed fund by Toews Corp.. It was launched on Jun 25, 2020.

Performance

QQHG vs. MRSK - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Invesco QQQ Hedged Advantage ETF (QQHG) and Agility Shares Managed Risk ETF (MRSK). The values are adjusted to include any dividend payments, if applicable.

QQHG vs. MRSK - Yearly Performance Comparison

	2026 (YTD)	2025
QQHG Invesco QQQ Hedged Advantage ETF	-1.76%	20.59%
MRSK Agility Shares Managed Risk ETF	-4.57%	14.50%

Returns By Period

In the year-to-date period, QQHG achieves a -1.76% return, which is significantly higher than MRSK's -4.57% return.

QQHG

• 1D: 0.79%
• 1M: -2.23%
• YTD: -1.76%
• 6M: 0.14%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

MRSK

• 1D: -0.62%
• 1M: -5.52%
• YTD: -4.57%
• 6M: -1.23%
• 1Y: 11.20%
• 3Y*: 9.34%
• 5Y*: 6.95%
• 10Y*: —

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

QQHG vs. MRSK - Expense Ratio Comparison

QQHG has a 0.45% expense ratio, which is lower than MRSK's 0.99% expense ratio.

MRSK

Agility Shares Managed Risk ETF

QQHG

Invesco QQQ Hedged Advantage ETF

Return for Risk

QQHG vs. MRSK — Risk / Return Rank

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

MRSK

MRSK Risk / Return Rank: 51
MRSK Sharpe Ratio Rank: 48
MRSK Sortino Ratio Rank: 48
MRSK Omega Ratio Rank: 44
MRSK Calmar Ratio Rank: 53
MRSK Martin Ratio Rank: 60

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.

QQHG vs. MRSK - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco QQQ Hedged Advantage ETF (QQHG) and Agility Shares Managed Risk ETF (MRSK). 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.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Sharpe Ratios by Period

	QQHG	MRSK	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	0.93	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.60	—
Sharpe Ratio (All Time) Calculated using the full available price history	2.17	0.83	+1.34

Correlation

The correlation between QQHG and MRSK is 0.80, 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.

Dividends

QQHG vs. MRSK - Dividend Comparison

QQHG's dividend yield for the trailing twelve months is around 0.23%, less than MRSK's 0.39% yield.

	TTM	2025	2024	2023	2022	2021	2020
QQHG Invesco QQQ Hedged Advantage ETF	0.23%	0.17%	0.00%	0.00%	0.00%	0.00%	0.00%
MRSK Agility Shares Managed Risk ETF	0.39%	0.37%	0.44%	0.60%	1.11%	14.20%	4.29%

Drawdowns

QQHG vs. MRSK - Drawdown Comparison

The maximum QQHG drawdown since its inception was -6.18%, smaller than the maximum MRSK drawdown of -14.70%. Use the drawdown chart below to compare losses from any high point for QQHG and MRSK.

Drawdown Indicators

	QQHG	MRSK	Difference
Max Drawdown Largest peak-to-trough decline	-6.18%	-14.70%	+8.52%
Max Drawdown (1Y) Largest decline over 1 year	—	-7.82%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-14.70%	—
Current Drawdown Current decline from peak	-3.64%	-6.66%	+3.02%
Average Drawdown Average peak-to-trough decline	-1.06%	-3.64%	+2.58%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	1.81%	—

Volatility

Volatility by Period

	QQHG	MRSK	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	4.68%	—
Volatility (6M) Calculated over the trailing 6-month period	—	8.85%	—
Volatility (1Y) Calculated over the trailing 1-year period	9.60%	12.10%	-2.50%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	9.60%	11.64%	-2.04%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	9.60%	11.91%	-2.31%