QQHG vs. SNTH

Last updated Aug 4, 2026

QQHG (Invesco QQQ Hedged Advantage ETF) and SNTH (MRP SynthEquity ETF) are both Equity Hedged funds. Both are actively managed. Over the past year, QQHG returned 19.25% vs 20.39% for SNTH. Their correlation of 0.87 means they have usually moved in the same direction. QQHG charges 0.45%/yr vs 0.95%/yr for SNTH.

Performance

QQHG vs. SNTH - Performance Comparison

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

Returns By Period

The year-to-date returns for both stocks are quite close, with QQHG having a 8.92% return and SNTH slightly lower at 8.73%.

QQHG

• 1D: 0.85%
• 1M: -0.33%
• 6M: 7.62%
• YTD: 8.92%
• 1Y: 19.25%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 24.59%

SNTH

• 1D: 1.60%
• 1M: 0.78%
• 6M: 7.05%
• YTD: 8.73%
• 1Y: 20.39%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 24.06%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
QQHG Invesco QQQ Hedged Advantage ETF	$45.08K	$107.17K	$66.44K
SNTH MRP SynthEquity ETF	$2.65M	$2.30M	$2.66M

QQHG vs. SNTH - Yearly Performance Comparison

	2026 (YTD)	2025
QQHG Invesco QQQ Hedged Advantage ETF	8.92%	20.59%
SNTH MRP SynthEquity ETF	8.73%	24.41%

Correlation

The correlation between QQHG and SNTH is 0.87, meaning they have usually moved in the same direction, including during past declines.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.87
Correlation (All Time) Calculated using the full available price history since May 7, 2025	0.87

The correlation between QQHG and SNTH has been stable across timeframes, ranging from 0.87 to 0.87 - a consistent structural relationship.

Return for Risk

QQHG vs. SNTH — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

QQHG

QQHG Risk / Return Rank: 76
QQHG Sharpe Ratio Rank: 76
QQHG Sortino Ratio Rank: 75
QQHG Omega Ratio Rank: 72
QQHG Calmar Ratio Rank: 82
QQHG Martin Ratio Rank: 77

SNTH

SNTH Risk / Return Rank: 56
SNTH Sharpe Ratio Rank: 58
SNTH Sortino Ratio Rank: 56
SNTH Omega Ratio Rank: 52
SNTH Calmar Ratio Rank: 58
SNTH Martin Ratio Rank: 56

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

QQHG vs. SNTH - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco QQQ Hedged Advantage ETF (QQHG) and MRP SynthEquity ETF (SNTH). 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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	QQHG	SNTH	Difference
Sharpe ratio: Return per unit of total volatility	1.80	1.54	+0.26
Sortino ratio: Return per unit of downside risk	2.54	2.14	+0.40
Omega ratio: Gain probability vs. loss probability	1.31	1.26	+0.05
Calmar ratio: Return relative to maximum drawdown	3.13	2.28	+0.85
Martin ratio: Return relative to average drawdown	10.27	7.17	+3.10

QQHG vs. SNTH - Sharpe Ratio Comparison

The current QQHG Sharpe Ratio is 1.80, which is comparable to the SNTH Sharpe Ratio of 1.54. The chart below compares the historical Sharpe Ratios of QQHG and SNTH, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

QQHG vs. SNTH - Drawdown Comparison

The maximum QQHG drawdown since its inception was -6.18%, smaller than the maximum SNTH drawdown of -9.79%. Use the drawdown chart below to compare losses from any high point for QQHG and SNTH.

Drawdown Indicators

	QQHG	SNTH	Difference
Max Drawdown Largest peak-to-trough decline	-6.18%	-9.79%	+3.61%
Max Drawdown (1Y) Largest decline over 1 year	-6.18%	-8.99%	+2.81%
Current Drawdown Current decline from peak	-2.50%	-2.09%	-0.41%
Average Drawdown Average peak-to-trough decline	-1.15%	-2.06%	+0.91%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.88%	2.85%	-0.97%

Volatility

QQHG vs. SNTH - Volatility Comparison

Invesco QQQ Hedged Advantage ETF (QQHG) and MRP SynthEquity ETF (SNTH) have volatilities of 3.61% and 3.55%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	QQHG	SNTH	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.61%	3.55%	+0.06%
Volatility (6M) Calculated over the trailing 6-month period	8.37%	9.64%	-1.27%
Volatility (1Y) Calculated over the trailing 1-year period	10.76%	13.34%	-2.58%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	10.35%	15.63%	-5.28%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	10.35%	15.63%	-5.28%

QQHG vs. SNTH - Expense Ratio Comparison

QQHG has a 0.45% expense ratio, which is lower than SNTH's 0.95% expense ratio.

Dividends

QQHG vs. SNTH - Dividend Comparison

QQHG's dividend yield for the trailing twelve months is around 0.26%, less than SNTH's 11.54% yield.

Position	TTM	2025
QQHG Invesco QQQ Hedged Advantage ETF	0.26%	0.17%
SNTH MRP SynthEquity ETF	11.54%	11.55%

Frequently Asked Questions

Can I hold both QQHG and SNTH in my portfolio?

QQHG and SNTH have a correlation of 0.87, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, QQHG or SNTH?

QQHG has higher volatility (3.61%) compared to SNTH (3.55%). In terms of maximum drawdown, QQHG dropped -6.18% vs SNTH's -9.79%.

Which ETF is better, QQHG or SNTH?

On 1-year performance, SNTH leads with 20.39% vs 19.25% for QQHG. On fees, QQHG is cheaper at 0.45% per year. Their volatility is very similar. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, QQHG or SNTH?

Over the 1-year period, SNTH has performed better with a 20.39% return vs 19.25%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, QQHG or SNTH?

QQHG is cheaper with a 0.45% expense ratio, compared with 0.95% for SNTH.

Which ETF pays a higher dividend yield, QQHG or SNTH?

SNTH has the higher dividend yield at 11.54%, compared with 0.26% for QQHG.

What is the main difference between QQHG and SNTH?

They also come from different issuers: Invesco and MRP. Their fees differ too: 0.45% for QQHG and 0.95% for SNTH.

Which has better risk-adjusted returns?

QQHG currently has the higher Sharpe Ratio (1.80 vs 1.54), 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.