Invesco QQQ Hedged Advantage ETF (QQHG)

The Invesco QQQ Hedged Advantage ETF (ticker QQHG) is an actively managed exchange-traded fund from Invesco. It seeks exposure to the Nasdaq-100 Index while reducing downside risk through an options hedge.

The fund holds Nasdaq-100 equity exposure and pairs it with option positions, such as purchased puts that may be partly financed by selling calls, designed to cushion declines. The managers adjust the hedge over time, which shapes how much of the index's upside and downside the fund captures.

The strategy is intended to offer growth-oriented Nasdaq-100 participation with a smoother return pattern than holding the index outright.