XBTY vs. QQA

Last updated Jun 24, 2026

XBTY (GraniteShares YieldBOOST Bitcoin ETF) and QQA (Invesco QQQ Income Advantage ETF) are both Derivative Income funds. Both are actively managed. Over the past year, XBTY returned -39.34% vs 28.19% for QQA. At a 0.45 correlation, their price movements are largely independent. XBTY charges 0.99%/yr vs 0.29%/yr for QQA.

Performance

XBTY vs. QQA - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in GraniteShares YieldBOOST Bitcoin ETF (XBTY) and Invesco QQQ Income Advantage ETF (QQA). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, XBTY achieves a -21.52% return, which is significantly lower than QQA's 12.34% return.

XBTY

• 1D: -1.11%
• 1M: -7.99%
• YTD: -21.52%
• 6M: -19.82%
• 1Y: -39.34%
• 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)

XBTY vs. QQA - Yearly Performance Comparison

	2026 (YTD)	2025
XBTY GraniteShares YieldBOOST Bitcoin ETF	-21.52%	-21.19%
QQA Invesco QQQ Income Advantage ETF	12.34%	18.82%

Correlation

The correlation between XBTY and QQA is 0.46, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.46
Correlation (All Time) Calculated using the full available price history since May 13, 2025	0.45

Return for Risk

XBTY vs. QQA — Risk / Return Rank

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

XBTY

XBTY Risk / Return Rank: 1
XBTY Sharpe Ratio Rank: 0
XBTY Sortino Ratio Rank: 0
XBTY Omega Ratio Rank: 0
XBTY Calmar Ratio Rank: 2
XBTY Martin Ratio Rank: 3

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.

XBTY vs. QQA - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for GraniteShares YieldBOOST Bitcoin ETF (XBTY) 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.

	XBTY	QQA	Difference
Sharpe ratio: Return per unit of total volatility	-1.43	2.03	-3.46
Sortino ratio: Return per unit of downside risk	-2.11	2.74	-4.85
Omega ratio: Gain probability vs. loss probability	0.75	1.37	-0.62
Calmar ratio: Return relative to maximum drawdown	-0.84	3.23	-4.07
Martin ratio: Return relative to average drawdown	-1.26	13.90	-15.16

XBTY vs. QQA - Sharpe Ratio Comparison

The current XBTY Sharpe Ratio is -1.43, which is lower than the QQA Sharpe Ratio of 2.03. The chart below compares the historical Sharpe Ratios of XBTY and QQA, 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

XBTY vs. QQA - Drawdown Comparison

The maximum XBTY drawdown since its inception was -47.01%, which is greater than QQA's maximum drawdown of -19.73%. Use the drawdown chart below to compare losses from any high point for XBTY and QQA.

Drawdown Indicators

	XBTY	QQA	Difference
Max Drawdown Largest peak-to-trough decline	-47.01%	-19.73%	-27.28%
Max Drawdown (1Y) Largest decline over 1 year	-47.01%	-8.76%	-38.25%
Current Drawdown Current decline from peak	-46.83%	-2.14%	-44.69%
Average Drawdown Average peak-to-trough decline	-24.05%	-2.53%	-21.52%
Ulcer Index Depth and duration of drawdowns from previous peaks	31.32%	2.03%	+29.29%

Volatility

XBTY vs. QQA - Volatility Comparison

The current volatility for GraniteShares YieldBOOST Bitcoin ETF (XBTY) is 4.95%, while Invesco QQQ Income Advantage ETF (QQA) has a volatility of 6.67%. This indicates that XBTY 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.

Volatility by Period

	XBTY	QQA	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.95%	6.67%	-1.72%
Volatility (6M) Calculated over the trailing 6-month period	15.69%	11.28%	+4.41%
Volatility (1Y) Calculated over the trailing 1-year period	27.60%	13.95%	+13.65%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	27.41%	18.59%	+8.82%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	27.41%	18.59%	+8.82%

XBTY vs. QQA - Expense Ratio Comparison

XBTY has a 0.99% expense ratio, which is higher than QQA's 0.29% expense ratio.

Dividends

XBTY vs. QQA - Dividend Comparison

XBTY's dividend yield for the trailing twelve months is around 226.15%, more than QQA's 9.70% yield.

Position	TTM	2025	2024
QQA Invesco QQQ Income Advantage ETF	9.70%	9.78%	4.29%
XBTY GraniteShares YieldBOOST Bitcoin ETF	226.15%	102.53%	0.00%

Frequently Asked Questions

Can I hold both XBTY and QQA in my portfolio?

XBTY and QQA have a correlation of 0.46, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, XBTY or QQA?

QQA has higher volatility (6.67%) compared to XBTY (4.95%). In terms of maximum drawdown, XBTY dropped -47.01% vs QQA's -19.73%.

Which ETF is better, XBTY or QQA?

On 1-year performance, QQA leads with 28.19% vs -39.34% for XBTY. On fees, QQA is cheaper at 0.29% per year. On volatility, XBTY has been the lower-risk option at 4.95%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, XBTY or QQA?

Over the 1-year period, QQA has performed better with a 28.19% return vs -39.34%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, XBTY or QQA?

QQA is cheaper with a 0.29% expense ratio, compared with 0.99% for XBTY.

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

XBTY has the higher dividend yield at 226.15%, compared with 9.70% for QQA.

What is the main difference between XBTY and QQA?

They also come from different issuers: GraniteShares and Invesco. Their fees differ too: 0.99% for XBTY and 0.29% for QQA.

Which has better risk-adjusted returns?

QQA currently has the higher Sharpe Ratio (2.03 vs -1.43), 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.