ROCQ vs. QQA

Last updated Jun 24, 2026

ROCQ (JPMorgan Nasdaq Equity Premium Yield ETF) and QQA (Invesco QQQ Income Advantage ETF) are both exchange-traded funds - ROCQ is a Nasdaq-100 fund actively managed by JPMorgan, while QQA is a Derivative Income fund actively managed by Invesco. Both are actively managed. With a 0.97 correlation, they move nearly in lockstep. ROCQ charges 0.35%/yr vs 0.29%/yr for QQA.

Performance

ROCQ vs. QQA - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in JPMorgan Nasdaq Equity Premium Yield ETF (ROCQ) and Invesco QQQ Income Advantage ETF (QQA). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

ROCQ

• 1D: -2.77%
• 1M: -0.19%
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

QQA

• 1D: -1.80%
• 1M: 0.69%
• YTD: 12.34%
• 6M: 11.54%
• 1Y: 28.19%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

ROCQ vs. QQA - Yearly Performance Comparison

	2026 (YTD)
ROCQ JPMorgan Nasdaq Equity Premium Yield ETF	15.38%
QQA Invesco QQQ Income Advantage ETF	13.73%

Correlation

The correlation between ROCQ and QQA is 0.97 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.

	Correlation
Correlation (All Time) Calculated using the full available price history since Mar 19, 2026	0.97

Return for Risk

ROCQ vs. QQA — Risk / Return Rank

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

ROCQ

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

QQA

QQA Risk / Return Rank: 67
QQA Sharpe Ratio Rank: 65
QQA Sortino Ratio Rank: 61
QQA Omega Ratio Rank: 64
QQA Calmar Ratio Rank: 67
QQA Martin Ratio Rank: 76

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.

ROCQ vs. QQA - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for JPMorgan Nasdaq Equity Premium Yield ETF (ROCQ) and Invesco QQQ Income Advantage ETF (QQA). 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.

	ROCQ	QQA	Difference
Sharpe ratio: Return per unit of total volatility	—	2.03	—
Sortino ratio: Return per unit of downside risk	—	2.74	—
Omega ratio: Gain probability vs. loss probability	—	1.37	—
Calmar ratio: Return relative to maximum drawdown	—	3.23	—
Martin ratio: Return relative to average drawdown	—	13.90	—

Drawdowns

ROCQ vs. QQA - Drawdown Comparison

The maximum ROCQ drawdown since its inception was -5.68%, smaller than the maximum QQA drawdown of -19.73%. Use the drawdown chart below to compare losses from any high point for ROCQ and QQA.

Drawdown Indicators

	ROCQ	QQA	Difference
Max Drawdown Largest peak-to-trough decline	-5.68%	-19.73%	+14.05%
Max Drawdown (1Y) Largest decline over 1 year	—	-8.76%	—
Current Drawdown Current decline from peak	-2.77%	-2.14%	-0.63%
Average Drawdown Average peak-to-trough decline	-0.97%	-2.53%	+1.56%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	2.03%	—

Volatility

Volatility by Period

	ROCQ	QQA	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	6.67%	—
Volatility (6M) Calculated over the trailing 6-month period	—	11.28%	—
Volatility (1Y) Calculated over the trailing 1-year period	19.58%	13.95%	+5.63%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	19.58%	18.59%	+0.99%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.58%	18.59%	+0.99%

ROCQ vs. QQA - Expense Ratio Comparison

ROCQ has a 0.35% expense ratio, which is higher than QQA's 0.29% expense ratio.

Dividends

ROCQ vs. QQA - Dividend Comparison

ROCQ's dividend yield for the trailing twelve months is around 2.07%, less than QQA's 9.70% yield.

Position	TTM	2025	2024
QQA Invesco QQQ Income Advantage ETF	9.70%	9.78%	4.29%
ROCQ JPMorgan Nasdaq Equity Premium Yield ETF	2.07%	0.00%	0.00%

Frequently Asked Questions

Can I hold both ROCQ and QQA in my portfolio?

With a correlation of 0.97, ROCQ and QQA move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which ETF is better, ROCQ or QQA?

On fees, QQA is cheaper at 0.29% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, ROCQ or QQA?

QQA is cheaper with a 0.29% expense ratio, compared with 0.35% for ROCQ.

Which ETF pays a higher dividend yield, ROCQ or QQA?

QQA has the higher dividend yield at 9.70%, compared with 2.07% for ROCQ.

What is the main difference between ROCQ and QQA?

ROCQ is categorized as Nasdaq-100, while QQA is Derivative Income. They also come from different issuers: JPMorgan and Invesco. Their fees differ too: 0.35% for ROCQ and 0.29% for QQA.