Home 
Today's Top Picks 
Top Performers 
Watchlist 
My Robo Portfolios 
ETF Zone 
Help & Tutorial 
Cancel anytime
- Chart
- Upturn Summary
- Highlights
Upturn AI SWOT - About
Invesco QQQ Income Advantage ETF (QQA)
- BUY Advisory
- SELL Advisory (Profit)
- SELL Advisory (Loss)
- Profit
- Loss
- Pass (Skip investing)
Stock price based on last close (see disclosures)
- ALL
- YEAR
- MONTH
- WEEK
Upturn Advisory Summary
10/24/2025: QQA (1-star) has a low Upturn Star Rating. Not recommended to BUY.
Upturn Star Rating
Not Recommended Performance
These Stocks/ETFs, based on Upturn Advisory, consistently fall short of market performance, signaling caution before investing.
Analysis of Past Performance
Type ETF | Historic Profit 15.92% | Avg. Invested days 87 | Today’s Advisory Consider higher Upturn Star rating |
Upturn Star Rating | Upturn Advisory Performance  5.0 | ETF Returns Performance  3.0 |
| Profits based on simulation | Last Close 10/24/2025 |
Key Highlights
Volume (30-day avg) - | Beta - | 52 Weeks Range 38.84 - 50.23 | Updated Date 06/28/2025 |
52 Weeks Range 38.84 - 50.23 | Updated Date 06/28/2025 |
Upturn AI SWOT
Invesco QQQ Income Advantage ETF
ETF Overview
Overview
The Invesco QQQ Income Advantage ETF (QQQX) seeks to generate income and modest capital appreciation by investing in the Invesco QQQ Trust and using a covered call strategy. It aims to enhance income generation from a portfolio of Nasdaq-100 Index stocks.
Reputation and Reliability
Invesco is a well-established and reputable asset manager with a long track record of providing diverse investment products.
Management Expertise
Invesco has a dedicated team of experienced professionals specializing in options strategies and ETF management.
Investment Objective
Goal
To provide current income and modest capital appreciation.
Investment Approach and Strategy
Strategy: The ETF utilizes a covered call option strategy on the Invesco QQQ Trust (QQQ), aiming to generate income from option premiums.
Composition The ETF holds shares of QQQ (Invesco QQQ Trust) and generates income by selling covered call options on that position.
Market Position
Market Share: QQQX has a notable but smaller market share within the covered call ETF space.
Total Net Assets (AUM): 3633000000
Competitors
Key Competitors
- JEPI
- XYLD
- QYLD
Competitive Landscape
The covered call ETF market is competitive, with several large players. QQQX offers exposure to the Nasdaq-100 with income generation. A potential advantage is its focus on the QQQ, while disadvantages include potential underperformance in strong bull markets and higher volatility than QQQ itself.
Financial Performance
Historical Performance: Historical performance data is not present. Investors should consult credible sources for specific past results.
Benchmark Comparison: The ETFu2019s performance should be compared to the Invesco QQQ Trust (QQQ) and other covered call ETFs.
Expense Ratio: 0.6
Liquidity
Average Trading Volume
The average trading volume is moderately liquid, meaning it can be traded with relative ease, but larger trades could affect prices.
Bid-Ask Spread
The bid-ask spread for QQQX is typically competitive, which can minimize the cost of trading.
Market Dynamics
Market Environment Factors
The ETF's performance is influenced by the performance of the Nasdaq-100, interest rates (affecting option premiums), and overall market volatility.
Growth Trajectory
The ETF's growth is linked to investor demand for income-generating strategies, particularly in low-interest-rate environments. Changes in covered call strategy can impact future returns.
Moat and Competitive Advantages
Competitive Edge
QQQXu2019s advantage lies in its strategy of generating income from the Invesco QQQ Trust (QQQ) through covered call options. This allows investors to gain exposure to leading tech companies while receiving a monthly income stream. The strategy differentiates itself by writing call options on the QQQ instead of a broader index and the expertise of Invesco's options management team and the accessibility to the Nasdaq-100 index.
Risk Analysis
Volatility
QQQX can be more volatile than QQQ due to the covered call strategy, which limits upside participation in strong bull markets while potentially mitigating downside in sideways markets. However, the strategy can perform well during sideways markets.
Market Risk
The primary market risk is associated with the performance of the Nasdaq-100 Index. Additionally, there is risk associated with the covered call strategy, including the potential for forgone gains if the underlying assets rise significantly.
Investor Profile
Ideal Investor Profile
The ideal investor is seeking current income and is comfortable with some degree of market risk and potential limitations on upside gains. It's suited for investors looking for income from technology stocks.
Market Risk
The ETF is suitable for long-term investors seeking income, as well as those who are neutral to moderately bullish on the market.
Summary
Invesco QQQ Income Advantage ETF (QQQX) offers income generation by implementing a covered call strategy on the Nasdaq-100 Index through QQQ. It appeals to investors seeking income from technology stocks while accepting limited upside potential. It is suitable for investors with a neutral to moderately bullish outlook and a focus on current income. Its performance is highly dependent on the Nasdaq-100 index and option premium prices.
Peer Comparison
Sources and Disclaimers
Data Sources:
- Invesco.com
- ETF.com
- Morningstar.com
Disclaimers:
The data provided is for informational purposes only and should not be considered investment advice. Past performance is not indicative of future results. Consult a financial advisor before making any investment decisions.
AI Summarization is directionally correct and might not be accurate.
Summarized information shown could be a few years old and not current.
Fundamental Rating based on AI could be based on old data.
AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.
About Invesco QQQ Income Advantage ETF
Exchange NASDAQ | Headquaters - | ||
IPO Launch date - | CEO - | ||
Sector - | Industry - | Full time employees - | Website |
Full time employees - | Website | ||
The fund seeks to achieve its investment objective by: (1) investing in a portfolio of U.S. equity securities designed to track the performance, before fees and expenses, of the NASDAQ-100 Index® or U.S.-listed exchange-traded funds (ETFs) that seek to track the performance of the index, or both, and (2) utilizing an options-based income strategy implemented through equity-linked notes (ELNs) with exposure to either the index or ETFs tracking the index. The fund is non-diversified.
Note: This website is maintained by Upturn Corporation, which is an investment adviser registered with the U.S. Securities and Exchange Commission. Such registration does not imply a certain level of skill or training. Investing in securities has risks. Past performance is no guarantee of future returns. No assurance is provided as to any particular investment return, and you may lose money using our services. You are strongly advised to consult appropriate counsel before making any investments in companies you learn about through our services. You should obtain appropriate legal, tax, investment, accounting, and other advice that takes into account your investment portfolio and overall financial situation. You are solely responsible for conducting due diligence on a potential investment. We do not affect trades for you. You will select your own broker through which to transact. Investments are not FDIC insured, they are not guaranteed, and they may lose value. Please see the Privacy Policy, Terms of Use, and Disclosure for more information.