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ALL
AUM
$466481453
P/E ratio
28.4
Dividend yield
8.8605%
Expense ratio
0.29%
Beta
0.92924
Previous close
$53.87
Today's open
$53.78
Day's range
$52.91 - $53.78
52 week range
$39.86 - $54.87
Headquarters
US
Exchange
NASDAQ Global Market
Issue type
Exchange-Traded Fund
Equities
Domestic
Large-Cap
Growth
21.82%
NVDA
Nvidia Corp.
7.11%
QQA: Solid Income Potential But Underperforms Peers
Invesco QQQ Income Advantage ETF offers a 9.8% yield and monthly payouts, appealing to income-focused investors seeking Nasdaq-100 exposure. QQA's dynamic option overlay strategy provides income and some downside protection, but caps upside potential and underperforms peers like GPIQ in total return. While QQA is cost-efficient and maintains stable distributions, it lacks unique advantages over similar ETFs, making it difficult to recommend new accumulation.
Seeking Alpha • Nov 17, 2025

This income-investing approach from Goldman Sachs has been paying off
The firm's covered-call ETFs have been outperforming competitors.
Market Watch • Nov 6, 2025

This ETF strategy could help risk-averse investors ride out wild market swings
Invesco senior portfolio manager John Burrello sees income funds that employ options-based strategies as a suitable approach.
CNBC • Oct 18, 2025

Assessing QQA: Total Returns, Drawdowns, And Income Potential
QQA offers a dynamic, actively managed NDX option-income strategy, aiming to capture more upside while maintaining income potential versus passive peers like QYLD. Performance since inception shows QQA delivers better total returns than QYLD and even JEPQ, though its active management hasn't significantly mitigated drawdowns. Drawdown protection is not markedly superior, but QQA stands out for capping upside less, making it a conditional Buy among NDX option-income ETFs.
Seeking Alpha • Aug 27, 2025

Tech Participation & Protection Under 1 Umbrella
The Nasdaq-100 Index (NDX) has been up nearly 22% for the 90 days ending July 16. So it stands to reason investors' affinity for mega-cap growth stocks increased.
ETF Trends • Jul 17, 2025

QQA: New Option Strategy ETF In The Nasdaq 100
The Invesco QQQ Income Advantage ETF offers an 8.63% yield from option strategies in the Nasdaq 100. QQA has 3/4 of assets in Nasdaq 100 stocks and delegates option income generation to equity-linked notes. QQA's short track record shows a total return nearly matching QQQ, but the price return is flat.
Seeking Alpha • Jun 7, 2025

In Covered Call ETF Fervor, Don't Forget QQA
Equities and fixed income alike have dealt with bouts of volatility this year. That could go a long way toward explaining why so many investors are flocking to options-based income ETFs.
ETF Trends • May 8, 2025

Consider the Invesco QQQ Income Advantage ETF for Volatility Mitigation
Invesco's QQQ Income Advantage ETF may be a fund worth consideration in the current environment, characterized by heightened volatility. The Invesco QQQ Income Advantage ETF (QQA) is designed to provide investors with exposure to the Nasdaq-100, but also utilizes an active option income overlay to provide income, downside protection, as well as upside participation.
ETF Trends • Apr 10, 2025

How to Extract Income From the Nasdaq-100 Index
The Nasdaq-100 Index (NDX) is known for a lot of things — lengthy outperformance of the S&P 500 among them — but income isn't part of that list. Just look at the Invesco QQQ Trust (QQQ) and the Invesco NASDAQ 100 ETF (QQQM), both of which follow the NDX.
ETF Trends • Mar 14, 2025

QQA: Unique Nasdaq Exposure With High Income Potential
Invesco QQQ Income Advantage ETF offers a 10.3% dividend yield, providing income while maintaining exposure to high-quality large-cap companies similar to QQQ. QQA's dynamic option overlay strategy adjusts to market conditions, potentially outperforming in sideways or volatile markets but capping upside potential during bull runs. QQA is too new to gauge long-term resilience or performance in market downturns, and its dividends are classified as ordinary, leading to higher tax burdens.
Seeking Alpha • Jan 21, 2025

¹ Disclosures

Open an M1 investment account to buy and sell Invesco QQQ Income Advantage ETF commission-free¹. Build wealth for the long term using automated trading and transfers.