QQA ETF Analysis: QQQ Income Advantage | NASDAQ

Derivative Income | NASDAQ, USA | Market Cap: 778m USD | 12M Return: 17.5% | Charts, Fundamentals & Technical Analysis

U.S. Equities, NASDAQ-100 Tracking, Equity-Linked Notes, Options Income

Total Rating 48

Safety 42

Buy Signal -0.29

Derivative Income
Category Rotation: -1.5

AUM: 778M
Avg Turnover: 6.56M

Risk 3d forecast

Volatility20.7%

VaR 5^th Pctl3.89%

VaR vs Median4.58%

Reward TTM

Sharpe Ratio0.89

Rel. Str. IBD46

Rel. Str. Peer Group49

Character TTM

Beta1.015

Beta Downside1.039

Hurst Exponent0.419

Drawdowns 3y

Max DD19.73%

CAGR/Max DD0.84

CAGR/Mean DD6.77

Warnings

No concerns identified

Tailwinds

No distinct edge detected

Seasonality 1.9 years of data

Jan +0.1% -

Feb -2.6% -

Mar -4.7% -

Apr +8.5% -

May +5.0% -

Jun -3.1% -

Jul +0.7% -

Aug -0.4% -

Sep +2.4% -

Oct +1.7% -

Nov -2.1% -

Dec -1.4% -

How good or bad each month usually is (without trend). The score below shows how much you can trust it: 0 = pure chance, >40 gets interesting and >55 is strong.

Description: QQA QQQ Income Advantage

The Invesco QQQ Income Advantage ETF (QQA) is a derivative income ETF that pursues its objective through a dual approach: (1) holding U.S. equity securities or ETFs designed to track the NASDAQ-100 Index, and (2) employing an options-based income strategy via equity-linked notes (ELNs) tied to the index or related ETFs. As a non-diversified fund, QQA is permitted to concentrate its holdings in a limited number of positions, a structure common in thematic or income-focused ETFs. Launched in mid-2024 and classified in the Derivative Income category, QQA blends passive index exposure with structured income generation. The NASDAQ-100 Index, which the fund references, is composed of 100 of the largest non-financial companies listed on the Nasdaq Stock Market, giving the fund heavy exposure to the technology and growth sectors. Equity-linked notes are structured debt instruments whose returns are linked to an underlying equity or index, typically issued by financial institutions, which is the mechanism QQA uses to generate its income component.

Headlines to Watch Out For

NASDAQ-100 tech rally lifts underlying index NAV higher
Equity-linked note income depends on market volatility levels
Competition from JEPQ and other income ETFs pressures AUM growth

What is the price of QQA shares?

As of July 28, 2026, the stock is trading at USD 54.04 with a total of 110,491 shares traded. Over the past week, the price has changed by -1.67%, over one month by -4.12%, over three months by +2.10% and over the past year by +17.48%.

Current recommended Stop Loss: 51.90 (which is 4% or 2.2 ATR below the current price).

Is QQA a buy, sell or hold?

QQQ Income Advantage has no consensus analysts rating.