QQA

Invesco Nasdaq-100 Income Advantage ETF

QQQIssuer: InvescoInception: January 1, 2022

7.4

Overall Score

Strategy & Profile

Nasdaq-100 Income Advantage. Tracks the Nasdaq-100 with an active monthly options overlay designed for consistent income. Part of Invesco's Income Advantage suite.

TTM Yield: ~8.5%

Strengths

  • ✓Invesco institutional backing
  • ✓Consistent monthly distributions
  • ✓Lower expense ratio than peers

Weaknesses

  • ✗Shorter track record (July 2024)
  • ✗Monthly overlay caps upside in strong tech rallies

Investor Profile

Income investors wanting Nasdaq-100 exposure with a lower-cost monthly income overlay

Verdict

A cost-efficient alternative to JEPQ and QQQI. Track record still building.

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Key Metrics

Expense Ratio

0.390%

Inception Date

January 1, 2022

Benchmark

QQQ

Category

Covered Call - Nasdaq 100

Distribution Frequency

Monthly

Maturity Rating

4/5 stars

Scores calculated using CoveredRank methodology. Every formula is published and reproducible.

See full methodology→

Disclaimer: CoveredRank provides independent educational content only. This is not financial advice. Please consult with a qualified financial advisor before making investment decisions. Past performance does not guarantee future results.