TappAlpha Innovation 100 Growth & Daily Income ETF (TDAQ) belongs to the Derivative Income category. Below you'll find alternative ETFs from the same category, ranked by key criteria, plus funds that investors commonly compare with TDAQ. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.
Cheapest Alternatives to TDAQ
TDAQ charges 0.68% annually. There are 69 ETFs in the Derivative Income category with lower expense ratios, going as low as 0.10%.
| Symbol | Name | Expense Ratio | AUM | Inception | |
|---|---|---|---|---|---|
| Parametric Equity Plus ETF | 0.10% | 27.28M | Nov 2024 | TDAQ vs PEPS | |
| iShares S&P 500 BuyWrite ETF | 0.25% | 292.36M | Mar 2024 | TDAQ vs IVVW | |
| State Street US Equity Premium Income ETF | 0.25% | 46.44M | Sep 2024 | TDAQ vs SPIN | |
| Fidelity Yield Enhanced Equity ETF | 0.28% | 166.08M | Apr 2024 | TDAQ vs FYEE | |
| Invesco QQQ Income Advantage ETF | 0.29% | 749.48M | Jul 2024 | TDAQ vs QQA |
Best Risk-Adjusted Alternatives to TDAQ
Among 142 ETFs in the Derivative Income category with risk / return rank data, the top risk-adjusted alternatives shown here go as high as 97.
| Symbol | Name | Risk / Return Rank | AUM | Inception | |
|---|---|---|---|---|---|
| YieldMax Semiconductor Portfolio Option Income ETF | 97 | 1.02B | Apr 2025 | TDAQ vs CHPY | |
| SoFi Enhanced Yield ETF | 92 | 34.73M | Nov 2023 | TDAQ vs THTA | |
| YieldMax GOOGL Option Income Strategy ETF | 92 | 298.09M | Jul 2023 | TDAQ vs GOOY | |
| Global X NASDAQ 100 Covered Call ETF | 88 | 8.41B | Dec 2013 | TDAQ vs QYLD | |
| YieldMax TSM Option Income Strategy ETF | 88 | 117.86M | Aug 2024 | TDAQ vs TSMY |
Top Performing TDAQ Alternatives (YTD)
TDAQ is at 20.13% YTD. There are 18 ETFs in the Derivative Income category with higher YTD returns, going as high as 363.23%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| Roundhill ARM WeeklyPay ETF | 363.23% | 14.71M | Oct 2025 | TDAQ vs ARMW | |
| Roundhill AMD WeeklyPay ETF | 192.40% | 90.88M | Jul 2025 | TDAQ vs AMDW | |
| YieldMax Semiconductor Portfolio Option Income ETF | 85.77% | 1.02B | Apr 2025 | TDAQ vs CHPY | |
| Defiance Oil Enhanced Options Income ETF | 62.18% | 62.15M | May 2024 | TDAQ vs USOY | |
| YieldMax MRNA Option Income Strategy ETF | 51.59% | 82.87M | Oct 2023 | TDAQ vs MRNY |
Lowest Volatility Alternatives to TDAQ
TDAQ has 17.14% 1-year volatility. There are 116 ETFs in the Derivative Income category with lower 1-year volatility, going as low as 0.00%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Dividend Performers ETF | 0.00% | 20.88M | Dec 2018 | TDAQ vs IPDP | |
| Simplify Treasury Option Income ETF | 3.14% | 438.06M | Oct 2022 | TDAQ vs BUCK | |
| FT Vest High Yield & Target Income ETF | 3.83% | 90.68M | Feb 2025 | TDAQ vs HYTI | |
| Main Buywrite ETF | 4.85% | 1.21B | Dec 2015 | TDAQ vs BUYW | |
| FT Vest Investment Grade & Target Income ETF | 5.10% | 287.53M | Feb 2025 | TDAQ vs LQTI |
Lowest Drawdown Alternatives to TDAQ
Among 142 ETFs in the Derivative Income category with 1-year drawdown data, the lowest-drawdown alternatives shown here go as shallow as -1.31%.
| Symbol | Name | Max Drawdown 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Simplify Treasury Option Income ETF | -1.31% | 438.06M | Oct 2022 | TDAQ vs BUCK | |
| FT Vest High Yield & Target Income ETF | -2.38% | 90.68M | Feb 2025 | TDAQ vs HYTI | |
| Main Buywrite ETF | -2.59% | 1.21B | Dec 2015 | TDAQ vs BUYW | |
| SoFi Enhanced Yield ETF | -2.64% | 34.73M | Nov 2023 | TDAQ vs THTA | |
| VistaShares Target 15™ Berkshire Select Income ETF | -3.00% | 774.36M | Mar 2025 | TDAQ vs OMAH |
Other ETFs from TappAlpha
The 2 most viewed TappAlpha ETFs shown here include TSPY, TSYX and span 2 categories. AUM among these funds goes as high as $121M.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|---|---|
| TappAlpha SPY Growth & Daily Income ETF | Derivative Income | 67 | 9.21% | 121.15M | Aug 2024 | TDAQ vs TSPY | |
| TSPY Lift ETF | Leveraged Equities | — | — | — | Jan 2026 | TDAQ vs TSYX |
Often Compared With TDAQ
Investors most often compare TDAQ with QQQI, QQQ, KQQQ. These 20 comparison targets span 8 categories, based on PortfoliosLab usage data.
Compare TDAQ with Any Fund or Stock
Compare TDAQ with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair TDAQ with funds that move differently
TappAlpha Innovation 100 Growth & Daily Income ETF alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to TDAQ.
Explore TDAQ Diversifiers