QQA vs. RAVI ETF Comparison

Comparison of Invesco QQQ Income Advantage ETF (QQA) to FlexShares Ready Access Variable Income Fund (RAVI)

QQA

Invesco QQQ Income Advantage ETF

QQA Description

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.

Grade (RS Rating)

Last Trade

$50.25

Average Daily Volume

11,155

Number of Holdings ^*

101

* may have additional holdings in another (foreign) market

RAVI

FlexShares Ready Access Variable Income Fund

RAVI Description

The investment seeks maximum current income consistent with the preservation of capital and liquidity. The fund seeks to achieve the investment objective by investing at least 65% of its total assets in a non-diversified portfolio of fixed income instruments, including bonds, debt securities and other similar instruments issued by U.S. and non-U.S. public and private sector entities. The dollar-weighted average portfolio maturity of the fund is normally not expected to exceed two years. It may invest up to 20% of its total assets in fixed income securities and instruments of issuers in emerging markets. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$75.44

Average Daily Volume

72,378

Number of Holdings ^*

101

* may have additional holdings in another (foreign) market

Performance

Period	QQA	RAVI
30 Days	4.30%	0.41%
60 Days	5.68%	0.65%
90 Days	6.30%	1.23%
12 Months		5.45%

13 Overlapping Holdings

Symbol	Grade	Weight in QQA	Weight in RAVI	Overlap
AEP	D	0.25%	0.38%	0.25%
AMZN	C	4.08%	0.42%	0.42%
AZN	D	0.18%	0.15%	0.15%
CMCSA	B	0.82%	0.28%	0.28%
GILD	C	0.54%	0.59%	0.54%
KDP	D	0.21%	0.95%	0.21%
MCHP	D	0.16%	0.22%	0.16%
MDLZ	F	0.43%	0.09%	0.09%
NVDA	C	6.68%	0.52%	0.52%
PCAR	B	0.29%	0.05%	0.05%
PYPL	B	0.43%	0.95%	0.43%
ROP	B	0.29%	0.07%	0.07%
SBUX	A	0.55%	0.18%	0.18%

QQA Overweight 88 Positions Relative to RAVI

Symbol	Grade	Weight
AAPL	C	6.56%
MSFT	F	5.91%
AVGO	D	3.78%
META	D	3.69%
TSLA	B	2.98%
COST	B	1.99%
GOOGL	C	1.94%
GOOG	C	1.86%
NFLX	A	1.75%
TMUS	B	1.36%
CSCO	B	1.15%
ADBE	C	1.11%
PEP	F	1.08%
AMD	F	1.08%
LIN	D	1.06%
INTU	C	0.95%
ISRG	A	0.93%
TXN	C	0.91%
QCOM	F	0.88%
BKNG	A	0.83%
AMGN	D	0.75%
HON	B	0.74%
AMAT	F	0.69%
PANW	C	0.62%
VRTX	F	0.6%
ADP	B	0.6%
MU	D	0.53%
ADI	D	0.51%
INTC	D	0.51%
MELI	D	0.47%
LRCX	F	0.45%
CTAS	B	0.43%
KLAC	D	0.41%
SNPS	B	0.4%
REGN	F	0.4%
MAR	B	0.39%
CDNS	B	0.39%
PDD	F	0.38%
MRVL	B	0.38%
CRWD	B	0.38%
FTNT	C	0.36%
CEG	D	0.35%
ORLY	B	0.35%
CSX	B	0.34%
ADSK	A	0.32%
DASH	A	0.32%
ASML	F	0.31%
ABNB	C	0.29%
CHTR	C	0.28%
CPRT	A	0.27%
WDAY	B	0.27%
NXPI	D	0.27%
FANG	D	0.26%
TTD	B	0.26%
MNST	C	0.25%
PAYX	C	0.25%
FAST	B	0.23%
ODFL	B	0.23%
ROST	C	0.23%
EA	A	0.21%
BKR	B	0.21%
VRSK	A	0.2%
LULU	C	0.19%
KHC	F	0.19%
XEL	A	0.19%
CTSH	B	0.19%
DDOG	A	0.19%
EXC	C	0.19%
TEAM	A	0.19%
GEHC	F	0.18%
IDXX	F	0.17%
CCEP	C	0.17%
ZS	C	0.15%
DXCM	D	0.15%
TTWO	A	0.15%
ON	D	0.14%
CSGP	D	0.14%
ANSS	B	0.14%
CDW	F	0.12%
ILMN	D	0.11%
WBD	C	0.11%
GFS	C	0.11%
BIIB	F	0.11%
MDB	C	0.1%
ARM	D	0.08%
MRNA	F	0.07%
DLTR	F	0.07%
SMCI	F	0.05%

QQA Underweight 88 Positions Relative to RAVI

Symbol	Grade	Weight
VLO	C	-1.51%
ED	D	-1.05%
OGS	A	-1.05%
OTIS	C	-0.95%
DHR	F	-0.86%
LYB	F	-0.83%
DTE	C	-0.77%
GE	D	-0.76%
TSN	B	-0.7%
WM	A	-0.69%
CI	F	-0.67%
CM	A	-0.62%
GP	F	-0.59%
TFC	A	-0.59%
AIG	B	-0.57%
SJM	D	-0.57%
NEE	D	-0.57%
BAC	A	-0.57%
AZO	C	-0.52%
BNS	A	-0.52%
D	C	-0.51%
BDX	F	-0.51%
TD	F	-0.51%
RY	A	-0.51%
SYK	C	-0.49%
CCI	D	-0.49%
AON	A	-0.46%
UNH	C	-0.43%
BMY	B	-0.43%
SCHW	B	-0.42%
CRM	B	-0.4%
VFC	C	-0.39%
OGE	B	-0.39%
ETR	B	-0.38%
CVX	A	-0.33%
NDAQ	A	-0.31%
ARCC	A	-0.3%
T	A	-0.3%
HSBC	B	-0.29%
CFG	B	-0.29%
MLM	B	-0.28%
DELL	C	-0.28%
DB	D	-0.28%
CP	D	-0.27%
WFC	A	-0.26%
CAT	B	-0.26%
CLX	B	-0.26%
LEN	D	-0.26%
SO	D	-0.26%
ATHS	C	-0.26%
GS	A	-0.26%
AL	B	-0.25%
C	A	-0.24%
CMS	C	-0.24%
FIS	C	-0.23%
FITB	A	-0.22%
PPL	B	-0.22%
FOXA	B	-0.21%
NYC	D	-0.21%
CNP	B	-0.2%
LUV	C	-0.18%
MKC	D	-0.17%
AEE	A	-0.17%
BHF	B	-0.17%
CVS	D	-0.16%
KEY	B	-0.16%
SEB	F	-0.16%
UBS	C	-0.16%
PSX	C	-0.16%
NWG	C	-0.15%
BA	F	-0.15%
ICE	C	-0.15%
MUFG	B	-0.14%
MET	A	-0.13%
DHI	D	-0.13%
AMT	D	-0.13%
CNH	C	-0.13%
ABBV	D	-0.13%
HPE	B	-0.11%
EFX	F	-0.1%
GM	B	-0.1%
VZ	C	-0.1%
R	B	-0.08%
HRL	D	-0.07%
DUK	C	-0.07%
COF	B	-0.06%
MS	A	-0.06%
JPM	A	-0.03%