XLBI vs. QQA

Last updated Jul 24, 2026

XLBI (State Street Materials Select Sector SPDR Premium Income ETF) and QQA (Invesco QQQ Income Advantage ETF) are both Derivative Income funds. Both are actively managed. At a 0.44 correlation, their price movements are largely independent. XLBI charges 0.35%/yr vs 0.29%/yr for QQA.

Performance

XLBI vs. QQA - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in State Street Materials Select Sector SPDR Premium Income ETF (XLBI) 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, XLBI achieves a 6.64% return, which is significantly lower than QQA's 9.49% return.

XLBI

• 1D: -0.79%
• 1M: -0.53%
• 6M: 2.93%
• YTD: 6.64%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: —

QQA

• 1D: -1.74%
• 1M: -2.54%
• 6M: 8.24%
• YTD: 9.49%
• 1Y: 19.61%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 16.47%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
QQA Invesco QQQ Income Advantage ETF	$7.42M	$7.06M	$6.85M
XLBI State Street Materials Select Sector SPDR Premium Income ETF	$113.99K	$122.71K	$145.29K

XLBI vs. QQA - Yearly Performance Comparison

	2026 (YTD)	2025
XLBI State Street Materials Select Sector SPDR Premium Income ETF	6.64%	2.25%
QQA Invesco QQQ Income Advantage ETF	9.49%	8.71%

Correlation

The correlation between XLBI and QQA is 0.44, 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 Jul 30, 2025	0.44

XLBI vs. QQA - Sectors Allocation Comparison

Sectors	XLBI	QQA
Financial Services	100.7%	0.2%
Basic Materials	-	1.0%
Communication Services	-	13.1%
Consumer Cyclical	-	10.7%
Consumer Defensive	-	6.3%
Energy	-	0.5%
Healthcare	-	3.6%
Industrials	-	2.7%
Real Estate	-	0.1%
Technology	-	60.9%
Utilities	-	1.1%

Return for Risk

XLBI vs. QQA — Risk / Return Rank

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

XLBI

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

QQA

QQA Risk / Return Rank: 55
QQA Sharpe Ratio Rank: 51
QQA Sortino Ratio Rank: 49
QQA Omega Ratio Rank: 49
QQA Calmar Ratio Rank: 59
QQA Martin Ratio Rank: 68

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.

XLBI vs. QQA - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for State Street Materials Select Sector SPDR Premium Income ETF (XLBI) 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.

	XLBI	QQA	Difference
Sharpe ratio: Return per unit of total volatility	—	1.33	—
Sortino ratio: Return per unit of downside risk	—	1.87	—
Omega ratio: Gain probability vs. loss probability	—	1.24	—
Calmar ratio: Return relative to maximum drawdown	—	2.25	—
Martin ratio: Return relative to average drawdown	—	9.04	—

Drawdowns

XLBI vs. QQA - Drawdown Comparison

The maximum XLBI drawdown since its inception was -10.62%, smaller than the maximum QQA drawdown of -19.73%. Use the drawdown chart below to compare losses from any high point for XLBI and QQA.

Drawdown Indicators

	XLBI	QQA	Difference
Max Drawdown Largest peak-to-trough decline	-10.62%	-19.73%	+9.11%
Max Drawdown (1Y) Largest decline over 1 year	—	-8.76%	—
Current Drawdown Current decline from peak	-2.93%	-4.63%	+1.70%
Average Drawdown Average peak-to-trough decline	-2.12%	-2.52%	+0.40%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	2.18%	—

Volatility

Volatility by Period

	XLBI	QQA	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	5.48%	—
Volatility (6M) Calculated over the trailing 6-month period	—	12.17%	—
Volatility (1Y) Calculated over the trailing 1-year period	13.81%	14.81%	-1.00%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	13.81%	18.60%	-4.79%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	13.81%	18.60%	-4.79%

XLBI vs. QQA - Expense Ratio Comparison

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

Dividends

XLBI vs. QQA - Dividend Comparison

XLBI's dividend yield for the trailing twelve months is around 15.00%, more than QQA's 10.11% yield.

Position	TTM	2025	2024
QQA Invesco QQQ Income Advantage ETF	10.11%	9.78%	4.29%
XLBI State Street Materials Select Sector SPDR Premium Income ETF	15.00%	7.71%	0.00%

Frequently Asked Questions

Can I hold both XLBI and QQA in my portfolio?

XLBI and QQA have a correlation of 0.44, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, XLBI 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, XLBI or QQA?

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

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

XLBI has the higher dividend yield at 15.00%, compared with 10.11% for QQA.

What is the main difference between XLBI and QQA?

They also come from different issuers: State Street and Invesco. Their fees differ too: 0.35% for XLBI and 0.29% for QQA.