WTPI vs. QQA
Compare and contrast key facts about WisdomTree Equity Premium Income Fund (WTPI) and Invesco QQQ Income Advantage ETF (QQA).
WTPI and QQA are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. WTPI is a passively managed fund by WisdomTree that tracks the performance of the Volos U.S. Large Cap Target 2.5% PutWrite Index. It was launched on Feb 24, 2016. QQA is an actively managed fund by Invesco. It was launched on Jul 17, 2024.
Performance
WTPI vs. QQA - Performance Comparison
Loading graphics...
WTPI vs. QQA - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
WTPI WisdomTree Equity Premium Income Fund | -1.32% | 14.45% | 3.00% |
QQA Invesco QQQ Income Advantage ETF | -2.30% | 17.24% | 7.11% |
Returns By Period
In the year-to-date period, WTPI achieves a -1.32% return, which is significantly higher than QQA's -2.30% return.
WTPI
- 1D
- 0.34%
- 1M
- -2.31%
- YTD
- -1.32%
- 6M
- 2.16%
- 1Y
- 15.45%
- 3Y*
- 12.93%
- 5Y*
- 9.45%
- 10Y*
- 7.85%
QQA
- 1D
- 0.08%
- 1M
- -1.42%
- YTD
- -2.30%
- 6M
- 0.53%
- 1Y
- 20.60%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
WTPI vs. QQA - Expense Ratio Comparison
WTPI has a 0.44% expense ratio, which is higher than QQA's 0.29% expense ratio.
Return for Risk
WTPI vs. QQA — Risk / Return Rank
WTPI
QQA
WTPI vs. QQA - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for WisdomTree Equity Premium Income Fund (WTPI) 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.
| WTPI | QQA | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.08 | 1.09 | -0.01 |
Sortino ratioReturn per unit of downside risk | 1.63 | 1.69 | -0.06 |
Omega ratioGain probability vs. loss probability | 1.27 | 1.25 | +0.02 |
Calmar ratioReturn relative to maximum drawdown | 1.60 | 1.86 | -0.25 |
Martin ratioReturn relative to average drawdown | 8.40 | 8.75 | -0.36 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading graphics...
Sharpe Ratios by Period
| WTPI | QQA | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.08 | 1.09 | -0.01 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.78 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.59 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.61 | 0.68 | -0.07 |
Correlation
The correlation between WTPI and QQA 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
WTPI vs. QQA - Dividend Comparison
WTPI's dividend yield for the trailing twelve months is around 12.32%, more than QQA's 10.40% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
WTPI WisdomTree Equity Premium Income Fund | 12.32% | 13.18% | 11.99% | 8.94% | 3.27% | 0.00% | 1.43% | 1.47% | 6.46% | 3.52% | 2.27% |
QQA Invesco QQQ Income Advantage ETF | 10.40% | 9.78% | 4.29% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
WTPI vs. QQA - Drawdown Comparison
The maximum WTPI drawdown since its inception was -28.40%, which is greater than QQA's maximum drawdown of -19.73%. Use the drawdown chart below to compare losses from any high point for WTPI and QQA.
Loading graphics...
Drawdown Indicators
| WTPI | QQA | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -28.40% | -19.73% | -8.67% |
Max Drawdown (1Y)Largest decline over 1 year | -7.15% | -8.76% | +1.61% |
Max Drawdown (5Y)Largest decline over 5 years | -16.56% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -28.40% | — | — |
Current DrawdownCurrent decline from peak | -4.40% | -4.86% | +0.46% |
Average DrawdownAverage peak-to-trough decline | -3.48% | -2.63% | -0.85% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.89% | 2.45% | -0.56% |
Volatility
WTPI vs. QQA - Volatility Comparison
The current volatility for WisdomTree Equity Premium Income Fund (WTPI) is 4.70%, while Invesco QQQ Income Advantage ETF (QQA) has a volatility of 5.69%. This indicates that WTPI experiences smaller price fluctuations and is considered to be less risky than QQA based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading graphics...
Volatility by Period
| WTPI | QQA | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.70% | 5.69% | -0.99% |
Volatility (6M)Calculated over the trailing 6-month period | 7.82% | 10.71% | -2.89% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.33% | 19.02% | -4.69% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 12.20% | 18.82% | -6.62% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 13.23% | 18.82% | -5.59% |