QQA
Invesco QQQ Income Advantage ETF
QQA provides exposure to the Nasdaq-100 Index combined with an active option income overlay for income generation, downside protection and upside participation.
US
EQUITY
Active
MANAGEMENT STYLE
403.5 M
ASSETS UNDER MGMT
0 bp
EXPENSES
Fund Basics
| Fund sponsor | Invesco |
| Category | US |
| Asset class | Equity |
| Website | link... |
| Inception date | Jul 15, 2024 |
| Assets (mns) | $396 |
| Expense ratio | 0 bp |
Fund Structure
| Regulation | Open-Ended Fund |
| Distributions | |
| Taxation | 1099 |
| Derivatives-based | Yes |
| Options available | No |
| Currency hedged | No |
| Fund of funds | Yes |
Top Holdings
| INVESCO PREMIER US GOVERNMENT MONEY PORTFOLIO | 24.3 % |
| NVIDIA CORP | 6.9 % |
| MICROSOFT CORP | 5.9 % |
| APPLE INC | 5.8 % |
| BROADCOM INC. | 4.0 % |
| AMAZON.COM INC | 3.6 % |
| TESLA MOTORS INC | 2.4 % |
| META PLATFORMS INC | 2.3 % |
| ALPHABET INC. CLASS A | 2.2 % |
| ALPHABET INC. CLASS C | 2.0 % |
Historical Performance
Standardized Performance (as of 09/30/2025)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | 20 YR | Incep. | |
|---|---|---|---|---|---|---|---|---|
| Price Returns | 4.9% | 7.9% | -- | -- | -- | -- | -- | 14.8% |
| Dividend Yield | 1.8% | 2.8% | -- | -- | -- | -- | -- | 4.4% |
| Total Returns | 6.8% | 10.7% | -- | -- | -- | -- | -- | 19.2% | Ann. Volatility | 21.9% | 20.5% | -- | -- | -- | -- | -- | 20.1% |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 0.86 | 84% |
| MSCI EAFE | -0.05 | 0% |
| MSCI Emg Mkts | -0.40 | 15% |
Liquidity Measures
| Avg. volume (000) | 119 |
| ADV traded (mns) | $6 |
| Turnover | 1.6% |
| Avg. Bid/Ask (% of price) | 0.24% |
Technical Indicators
| Recent close | $53.94 |
| 30d moving avg. | $52.30 |
| Annualized volatility | 11.5% |
| Relative strength (RSI) | 63 |
| Short interest | 0.3% |
Distributions
Assets Under Management (mns)
Money Flows (mns)
Short Interest (as % of shares outstanding)
Long Money Flows (mns)
Expense Analysis
| Peer Group | Active US Equity ETFs |
| # of ETFs | 402 |
| Avg. Expense Ratio | 63.7 bp |
| Std. Deviation | 35.5 bp |
| QQA (0 bp) Percentile rank | 4 |
Peer Group Expense Ratio Distribution
Total Cost of Ownership (TCO) Comparison
| Expense (bp) (A) |
Avg. Bid/Ask (bp) (B) |
TCO (bp) (A)+(B) |
|
|---|---|---|---|
| QQA | 0.0 | 24.0 | 24.0 |
| Peer Avg. | 63.7 | 20.8 | 84.5 |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .