ROCY vs. QQA

Last updated Jun 5, 2026

ROCY (JPMorgan Equity Premium Yield ETF) and QQA (Invesco QQQ Income Advantage ETF) are both Derivative Income funds. Both are actively managed. Their correlation of 0.89 suggests significant overlap in exposure. ROCY charges 0.35%/yr vs 0.29%/yr for QQA.

Performance

ROCY vs. QQA - Performance Comparison

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

Returns By Period

ROCY

• 1D: 0.28%
• 1M: 3.55%
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

QQA

• 1D: -0.29%
• 1M: 5.87%
• YTD: 14.23%
• 6M: 13.99%
• 1Y: 31.26%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

ROCY vs. QQA - Yearly Performance Comparison

	2026 (YTD)
ROCY JPMorgan Equity Premium Yield ETF	11.21%
QQA Invesco QQQ Income Advantage ETF	15.93%

Correlation

The correlation between ROCY and QQA is 0.89, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (All Time) Calculated using the full available price history since Mar 20, 2026	0.89

Return for Risk

ROCY vs. QQA — Risk / Return Rank

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

QQA

QQA Risk / Return Rank: 77
QQA Sharpe Ratio Rank: 78
QQA Sortino Ratio Rank: 76
QQA Omega Ratio Rank: 77
QQA Calmar Ratio Rank: 73
QQA Martin Ratio Rank: 81

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.

ROCY vs. QQA - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for JPMorgan Equity Premium Yield ETF (ROCY) 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.

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

Sharpe Ratios by Period

	ROCY	QQA	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	2.50	—
Sharpe Ratio (All Time) Calculated using the full available price history	6.11	1.17	+4.95

Drawdowns

ROCY vs. QQA - Drawdown Comparison

The maximum ROCY drawdown since its inception was -3.35%, smaller than the maximum QQA drawdown of -19.73%. Use the drawdown chart below to compare losses from any high point for ROCY and QQA.

Drawdown Indicators

	ROCY	QQA	Difference
Max Drawdown Largest peak-to-trough decline	-3.35%	-19.73%	+16.38%
Max Drawdown (1Y) Largest decline over 1 year	—	-8.76%	—
Current Drawdown Current decline from peak	-0.01%	-0.39%	+0.38%
Average Drawdown Average peak-to-trough decline	-0.33%	-2.44%	+2.11%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	1.95%	—

Volatility

Volatility by Period

	ROCY	QQA	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	2.93%	—
Volatility (6M) Calculated over the trailing 6-month period	—	9.68%	—
Volatility (1Y) Calculated over the trailing 1-year period	10.85%	12.59%	-1.74%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	10.85%	18.25%	-7.40%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	10.85%	18.25%	-7.40%

ROCY vs. QQA - Expense Ratio Comparison

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

Dividends

ROCY vs. QQA - Dividend Comparison

ROCY's dividend yield for the trailing twelve months is around 1.62%, less than QQA's 9.32% yield.

Position	TTM	2025	2024
QQA Invesco QQQ Income Advantage ETF	9.32%	9.78%	4.29%
ROCY JPMorgan Equity Premium Yield ETF	1.62%	0.00%	0.00%

Frequently Asked Questions

Can I hold both ROCY and QQA in my portfolio?

ROCY and QQA have a correlation of 0.89, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, ROCY 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, ROCY or QQA?

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

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

QQA has the higher dividend yield at 9.32%, compared with 1.62% for ROCY.

What is the main difference between ROCY and QQA?

They also come from different issuers: JPMorgan and Invesco. Their fees differ too: 0.35% for ROCY and 0.29% for QQA.