XTR vs. QQHG

Last updated Jun 25, 2026

XTR (Global X S&P 500 Tail Risk ETF) and QQHG (Invesco QQQ Hedged Advantage ETF) are both Equity Hedged funds. XTR is passively managed, while QQHG is actively managed. Over the past year, XTR returned 17.69% vs 22.34% for QQHG. Their correlation of 0.91 suggests significant overlap in exposure. XTR charges 0.25%/yr vs 0.45%/yr for QQHG.

Performance

XTR vs. QQHG - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Global X S&P 500 Tail Risk ETF (XTR) and Invesco QQQ Hedged Advantage ETF (QQHG). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, XTR achieves a 5.85% return, which is significantly lower than QQHG's 8.81% return.

XTR

• 1D: -0.42%
• 1M: -1.44%
• YTD: 5.85%
• 6M: 4.51%
• 1Y: 17.69%
• 3Y*: 16.87%
• 5Y*: —
• 10Y*: —

QQHG

• 1D: -0.23%
• 1M: -0.12%
• YTD: 8.81%
• 6M: 7.73%
• 1Y: 22.34%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

XTR vs. QQHG - Yearly Performance Comparison

	2026 (YTD)	2025
XTR Global X S&P 500 Tail Risk ETF	5.85%	19.68%
QQHG Invesco QQQ Hedged Advantage ETF	8.81%	20.59%

Correlation

The correlation between XTR and QQHG is 0.91, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.91
Correlation (All Time) Calculated using the full available price history since May 7, 2025	0.91

The correlation between XTR and QQHG has been stable across timeframes, ranging from 0.91 to 0.91 - a consistent structural relationship.

Return for Risk

XTR vs. QQHG — Risk / Return Rank

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

XTR

XTR Risk / Return Rank: 50
XTR Sharpe Ratio Rank: 51
XTR Sortino Ratio Rank: 49
XTR Omega Ratio Rank: 48
XTR Calmar Ratio Rank: 47
XTR Martin Ratio Rank: 55

QQHG

QQHG Risk / Return Rank: 78
QQHG Sharpe Ratio Rank: 79
QQHG Sortino Ratio Rank: 77
QQHG Omega Ratio Rank: 78
QQHG Calmar Ratio Rank: 79
QQHG Martin Ratio Rank: 79

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.

XTR vs. QQHG - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Global X S&P 500 Tail Risk ETF (XTR) and Invesco QQQ Hedged Advantage ETF (QQHG). 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.

	XTR	QQHG	Difference
Sharpe ratio: Return per unit of total volatility	1.56	2.22	-0.65
Sortino ratio: Return per unit of downside risk	2.18	3.05	-0.86
Omega ratio: Gain probability vs. loss probability	1.28	1.40	-0.13
Calmar ratio: Return relative to maximum drawdown	2.09	3.63	-1.54
Martin ratio: Return relative to average drawdown	8.57	13.63	-5.06

XTR vs. QQHG - Sharpe Ratio Comparison

The current XTR Sharpe Ratio is 1.56, which is comparable to the QQHG Sharpe Ratio of 2.22. The chart below compares the historical Sharpe Ratios of XTR and QQHG, 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

XTR vs. QQHG - Drawdown Comparison

The maximum XTR drawdown since its inception was -20.83%, which is greater than QQHG's maximum drawdown of -6.18%. Use the drawdown chart below to compare losses from any high point for XTR and QQHG.

Drawdown Indicators

	XTR	QQHG	Difference
Max Drawdown Largest peak-to-trough decline	-20.83%	-6.18%	-14.65%
Max Drawdown (1Y) Largest decline over 1 year	-8.51%	-6.18%	-2.33%
Max Drawdown (3Y) Largest decline over 3 years	-14.35%	—	—
Current Drawdown Current decline from peak	-3.22%	-2.60%	-0.62%
Average Drawdown Average peak-to-trough decline	-5.90%	-1.02%	-4.88%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.07%	1.64%	+0.43%

Volatility

XTR vs. QQHG - Volatility Comparison

Global X S&P 500 Tail Risk ETF (XTR) and Invesco QQQ Hedged Advantage ETF (QQHG) have volatilities of 4.66% and 4.47%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	XTR	QQHG	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.66%	4.47%	+0.19%
Volatility (6M) Calculated over the trailing 6-month period	9.02%	7.61%	+1.41%
Volatility (1Y) Calculated over the trailing 1-year period	11.39%	10.13%	+1.26%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	13.85%	10.10%	+3.75%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	13.85%	10.10%	+3.75%

XTR vs. QQHG - Expense Ratio Comparison

XTR has a 0.25% expense ratio, which is lower than QQHG's 0.45% expense ratio.

Dividends

XTR vs. QQHG - Dividend Comparison

XTR's dividend yield for the trailing twelve months is around 16.84%, more than QQHG's 0.26% yield.

Position	TTM	2025	2024	2023	2022	2021
QQHG Invesco QQQ Hedged Advantage ETF	0.26%	0.17%	0.00%	0.00%	0.00%	0.00%
XTR Global X S&P 500 Tail Risk ETF	16.84%	17.82%	20.89%	1.09%	1.08%	2.32%

Frequently Asked Questions

Can I hold both XTR and QQHG in my portfolio?

With a correlation of 0.91, XTR and QQHG move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which is riskier, XTR or QQHG?

XTR has higher volatility (4.66%) compared to QQHG (4.47%). In terms of maximum drawdown, XTR dropped -20.83% vs QQHG's -6.18%.

Which ETF is better, XTR or QQHG?

On 1-year performance, QQHG leads with 22.34% vs 17.69% for XTR. On fees, XTR is cheaper at 0.25% per year. On volatility, QQHG has been the lower-risk option at 4.47%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, XTR or QQHG?

Over the 1-year period, QQHG has performed better with a 22.34% return vs 17.69%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, XTR or QQHG?

XTR is cheaper with a 0.25% expense ratio, compared with 0.45% for QQHG.

Which ETF pays a higher dividend yield, XTR or QQHG?

XTR has the higher dividend yield at 16.84%, compared with 0.26% for QQHG.

What is the main difference between XTR and QQHG?

They also come from different issuers: Global X and Invesco. Their fees differ too: 0.25% for XTR and 0.45% for QQHG.

Which has better risk-adjusted returns?

QQHG currently has the higher Sharpe Ratio (2.22 vs 1.56), 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.