QQA vs QRMI
Invesco QQQ Income Advantage ETF vs Global X NASDAQ 100 Risk Managed Income ETF
Which is better, QQA or QRMI?
QQA has been ahead.
QQA has a lower expense ratio. QQA led over 1Y and the full window. QRMI is less concentrated, with 48.7% of the fund in its ten largest positions against 52.9%.
MarketXLS is not an investment adviser. This comparison is generated automatically from market data and is for information only. A Best mark means the better reading on that one measure, not a recommendation to buy.
Side-by-Side Comparison
| Metric | QQA | QRMI |
|---|---|---|
| Expense Ratio | 0.29%Best | 0.60% |
| AUM | $937M | $15M |
| Dividend Yield | 9.80% | 12.35% |
| Holdings | 246 | 107 |
| YTD Return | +15.40%Best | +4.65% |
| 1Y Return | +17.73%Best | +8.47% |
| 3Y Return (annualized) | - | +8.12% |
| 5Y Return (annualized) | - | +2.56% |
| Volatility (annualized) | 12.5% | 6.0%Best |
| Max Drawdown | -19.7% | -8.4%Best |
| $10,000 over 2.2 years | $14,495Best | $11,727 |
| Top 10 Weight | 52.9% | 48.7%Best |
| Fund Family | Invesco (US) | GLOBALXETFS |
| Category | Equity | Equity |
| Style | Large Cap Growth | Large Cap Growth |
| Inception | Jul 17, 2024 | Aug 25, 2021 |
Volatility and max drawdown, and the $10,000 over 2.2 years row, are measured over the window both funds cover: Jul 17, 2024 to Oct 14, 2026 (2.2 years).
QQA vs QRMI growth
Month-end closes. Both lines start at 0% in the first month shown, so the gap between them is the difference in growth across that window. The full view covers the 2.2 years both funds cover.
QQA vs QRMI Performance
Invesco QQQ Income Advantage ETF (QQA) is an ETF from Invesco (US) and Global X NASDAQ 100 Risk Managed Income ETF (QRMI) is an ETF from GLOBALXETFS. Over the past year QQA returned +17.73% while QRMI returned +8.47%. Year to date, QQA is up 15.40% versus a gain of 4.65% for QRMI.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
QQA has been the more volatile fund, with annualized monthly volatility of 12.5% compared with 6.0% for QRMI. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -19.7% for QQA and -8.4% for QRMI. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.73. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
QQA charges 0.29% per year while QRMI charges 0.60%. On a $10,000 position that is $29 vs $60 annually, a gap of $31 per year that compounds over a long holding period. On income, QQA currently yields 9.80% against 12.35% for QRMI.
Holdings Overlap
74.3% of QQA's money is in holdings QRMI also owns. 100.0% of QRMI's money is in holdings QQA also owns.
Most of QRMI is already inside QQA. Owning both mostly buys the same companies twice.
98 positions in common, counted across the 112 positions we hold weights for in QQA and 101 in QRMI, against full books of 246 and 107.
What only one of them owns
Our book lists 1 positions for QRMI that do not appear in our book for QQA (1.1% of the fund), and 6 for QQA that do not appear in QRMI (21.4%).
Some of those will be the same company recorded under a different code in one of the two books, so the real difference in what you would own is no larger than this and may be smaller. We do not name the individual positions here for that reason.
Top Shared Holdings
| Stock | Weight in QQA | Weight in QRMI | Difference |
|---|---|---|---|
| NVDANvidia Corp | 6.42% | 8.77% | 2.35% |
| AAPLApple, Inc | 5.54% | 7.60% | 2.06% |
| MSFTMicrosoft Corp | 4.37% | 6.00% | 1.63% |
| MUMicron Technology, Inc. | 3.81% | 5.40% | 1.59% |
| AMDAdvanced Micro Devices Inc | 3.25% | 4.37% | 1.12% |
| AMZNAmazon.Com Inc | 3.09% | 4.22% | 1.13% |
| METAMeta Platforms Inc | 2.46% | 3.40% | 0.94% |
| GOOGLAlphabet Inc | 2.29% | 3.13% | 0.84% |
| TSLATesla Inc | 2.22% | 2.93% | 0.71% |
| GOOGAlphabet Inc. C | 2.14% | 2.92% | 0.78% |
100.0% of QRMI is already inside QQA.
You probably hold more than these two. Add the rest and see how much of the whole book is the same companies twice.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, QQA or QRMI?
QQA has an expense ratio of 0.29% while QRMI charges 0.60%. QQA is the cheaper option, by $31 a year on a $10,000 investment.
Which performed better, QQA or QRMI?
Over the past year QQA returned +17.73% vs +8.47% for QRMI, so QQA leads on 1-year performance. Over the longest common window we track (2 years), QQA annualized +18.38% vs +7.51% for QRMI. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, QQA or QRMI?
QQA has been the more volatile fund at 12.5% annualized versus 6.0% for QRMI. Worst drawdown: QQA -19.7% vs QRMI -8.4%.
Should I hold both QQA and QRMI?
QQA and QRMI have a monthly-return correlation of 0.73, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
What is the holdings overlap between QQA and QRMI?
100.0% of QRMI's money is in holdings QQA also owns. 100.0% of QRMI's is in holdings QQA also owns. They hold 98 positions in common, counted across the 112 positions we hold weights for in QQA and 101 in QRMI.
Which pays a higher dividend, QQA or QRMI?
QQA yields 9.80% while QRMI yields 12.35%, so QRMI currently pays the higher dividend yield.
Is QRMI better than QQA?
QQA has a lower expense ratio. QQA led over 1Y and the full window. QRMI is less concentrated, with 48.7% of the fund in its ten largest positions against 52.9%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.