XEY vs. QQA

Last updated Jul 21, 2026

XEY (GraniteShares YieldBOOST Ether ETF) and QQA (Invesco QQQ Income Advantage ETF) are both Derivative Income funds. Both are actively managed. At a 0.27 correlation, their price movements are largely independent. XEY charges 1.07%/yr vs 0.29%/yr for QQA.

Performance

XEY vs. QQA - Performance Comparison

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

Returns By Period

XEY

• 1D: 0.10%
• 1M: -2.06%
• 6M: —
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: —

QQA

• 1D: 0.05%
• 1M: -4.07%
• 6M: 8.88%
• YTD: 10.11%
• 1Y: 20.73%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 16.87%

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

XEY vs. QQA - Yearly Performance Comparison

	2026 (YTD)
XEY GraniteShares YieldBOOST Ether ETF	-8.68%
QQA Invesco QQQ Income Advantage ETF	3.83%

Correlation

The correlation between XEY and QQA is 0.27, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (All Time) Calculated using the full available price history since Apr 28, 2026	0.27

Return for Risk

XEY vs. QQA — Risk / Return Rank

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

XEY

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

QQA

QQA Risk / Return Rank: 60
QQA Sharpe Ratio Rank: 56
QQA Sortino Ratio Rank: 53
QQA Omega Ratio Rank: 53
QQA Calmar Ratio Rank: 64
QQA Martin Ratio Rank: 72

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.

XEY vs. QQA - Risk-Adjusted Trends Comparison

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

	XEY	QQA	Difference
Sharpe ratio: Return per unit of total volatility	—	1.42	—
Sortino ratio: Return per unit of downside risk	—	1.99	—
Omega ratio: Gain probability vs. loss probability	—	1.25	—
Calmar ratio: Return relative to maximum drawdown	—	2.38	—
Martin ratio: Return relative to average drawdown	—	9.70	—

Drawdowns

XEY vs. QQA - Drawdown Comparison

The maximum XEY drawdown since its inception was -15.60%, smaller than the maximum QQA drawdown of -19.73%. Use the drawdown chart below to compare losses from any high point for XEY and QQA.

Drawdown Indicators

	XEY	QQA	Difference
Max Drawdown Largest peak-to-trough decline	-15.60%	-19.73%	+4.13%
Max Drawdown (1Y) Largest decline over 1 year	—	-8.76%	—
Current Drawdown Current decline from peak	-11.61%	-4.09%	-7.52%
Average Drawdown Average peak-to-trough decline	-7.44%	-2.52%	-4.92%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	2.14%	—

Volatility

Volatility by Period

	XEY	QQA	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	5.64%	—
Volatility (6M) Calculated over the trailing 6-month period	—	12.11%	—
Volatility (1Y) Calculated over the trailing 1-year period	16.28%	14.65%	+1.63%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.28%	18.58%	-2.30%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.28%	18.58%	-2.30%

XEY vs. QQA - Expense Ratio Comparison

XEY has a 1.07% expense ratio, which is higher than QQA's 0.29% expense ratio.

Dividends

XEY vs. QQA - Dividend Comparison

XEY's dividend yield for the trailing twelve months is around 14.12%, more than QQA's 10.85% yield.

Position	TTM	2025	2024
QQA Invesco QQQ Income Advantage ETF	10.85%	9.78%	4.29%
XEY GraniteShares YieldBOOST Ether ETF	14.12%	0.00%	0.00%

Frequently Asked Questions

Can I hold both XEY and QQA in my portfolio?

XEY and QQA have a correlation of 0.27, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, XEY 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, XEY or QQA?

QQA is cheaper with a 0.29% expense ratio, compared with 1.07% for XEY.

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

XEY has the higher dividend yield at 14.12%, compared with 10.85% for QQA.

What is the main difference between XEY and QQA?

They also come from different issuers: GraniteShares and Invesco. Their fees differ too: 1.07% for XEY and 0.29% for QQA.