QQA vs EVSM
Comparison between Invesco QQQ Income Advantage ETF (QQA, ETF) and EATON VANCE SHORT DURATION MUNICIPAL INCOME ETF (EVSM, ETF).
QQA vs EVSM - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
Net Assets
QQA
$777M
Winner
EVSM
$781M
Expense Ratio
QQA
0.29%
Winner
EVSM
0.19%
Max Drawdown
QQA
21.11%
Winner
EVSM
2.12%
Sharpe Ratio
Winner
QQA
1.11
EVSM
-0.93
5Y Beta
QQA
1.03
Winner
EVSM
0.01
P/E Ratio
QQA
32.97
EVSM
N/A
Forward P/E
QQA
22.67
EVSM
N/A
PEG Ratio
QQA
0.25
EVSM
N/A
5Y EPS CAGR
QQA
31.34%
EVSM
N/A
Debt to Equity
QQA
32.61%
EVSM
N/A
P/S Ratio
QQA
6.07
EVSM
N/A
P/B Ratio
QQA
9.01
EVSM
N/A
QQA vs EVSM - Historical Returns
Returns include dividend reinvestment.
1M
Winner
QQA
+3.11%
EVSM
+0.50%
3M
QQA
+0.22%
Winner
EVSM
+0.73%
6M
Winner
QQA
+11.84%
EVSM
+0.21%
1Y
Winner
QQA
+20.22%
EVSM
+2.59%
Max(CAGR)
Winner
QQA
+17.49%
EVSM
+3.36%
QQA vs EVSM - Annual Returns (2024 - 2026)
Returns include dividend reinvestment.
| Year | QQA | EVSM |
|---|---|---|
| 2026 | +12.05% | +1.32% |
| 2025 | +17.85% | +4.30% |
| 2024 | +7.07% | +2.52% |
QQA vs EVSM Drawdown Comparison
The maximum drawdown for QQA was -19.74%, occurring on Apr 8, 2025. Recovery took 88 trading sessions.
The maximum drawdown for EVSM was -1.50%, occurring on Apr 11, 2025. Recovery took 40 trading sessions.
The current QQA drawdown is -2.60%. The current EVSM drawdown is -0.11%.
| Rank | QQA | EVSM |
|---|---|---|
| #1 | -19.74% Feb 19, 2025 - Jun 26, 2025 | -1.50% Apr 4, 2025 - Jun 3, 2025 |
| #2 | -8.76% Jan 28, 2026 - Apr 15, 2026 | -1.07% Feb 27, 2026 - Jun 5, 2026 |
| #3 | -8.41% Jul 17, 2024 - Sep 19, 2024 | -0.81% Oct 15, 2024 - Dec 4, 2024 |
| #4 | -8.19% Jun 15, 2026 - Jul 29, 2026 | -0.68% Dec 6, 2024 - Jan 27, 2025 |
| #5 | -5.76% Oct 29, 2025 - Dec 5, 2025 | -0.62% Jul 6, 2026 - Jul 24, 2026 |
| #6 | -5.31% Jun 2, 2026 - Jun 15, 2026 | -0.54% May 15, 2024 - Jun 13, 2024 |
| #7 | -4.30% Dec 17, 2024 - Jan 22, 2025 | -0.52% Apr 1, 2024 - May 7, 2024 |
| #8 | -3.13% Dec 10, 2025 - Dec 24, 2025 | -0.49% Feb 26, 2025 - Apr 4, 2025 |
| #9 | -2.96% Oct 29, 2024 - Nov 6, 2024 | -0.42% Jul 24, 2024 - Aug 1, 2024 |
| #10 | -2.92% Jan 22, 2025 - Feb 13, 2025 | -0.38% Feb 6, 2025 - Feb 25, 2025 |
| #11 | -2.55% Oct 8, 2025 - Oct 20, 2025 | -0.36% Jul 16, 2024 - Jul 24, 2024 |
| #12 | -2.28% Jan 12, 2026 - Jan 26, 2026 | -0.34% Aug 5, 2024 - Aug 23, 2024 |
| #13 | -2.24% Nov 8, 2024 - Dec 2, 2024 | -0.34% Sep 17, 2025 - Oct 13, 2025 |
| #14 | -2.07% Aug 14, 2025 - Aug 28, 2025 | -0.26% Oct 2, 2024 - Oct 15, 2024 |
| #15 | -1.78% Jul 28, 2025 - Aug 6, 2025 | -0.26% Nov 11, 2025 - Dec 11, 2025 |
Correlation
Correlation between QQA and EVSM is 0.95 which considered as a very strong positive correlation - the stocks move almost identically together.
0.95
-101
Dividend Comparison (2024 - 2026)
QQA vs EVSM dividend yield comparison.
| Year | QQA | EVSM |
|---|---|---|
| 2026 | 6.78% | 1.75% |
| 2025 | 9.78% | 3.12% |
| 2024 | 4.29% | 2.99% |
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