EDGQ vs. TDAQ

Last updated Jun 5, 2026

EDGQ (Global X Nasdaq-100 Income Edge ETF) and TDAQ (TappAlpha Innovation 100 Growth & Daily Income ETF) are both Derivative Income funds. Both are actively managed. Their correlation of 0.93 suggests significant overlap in exposure. EDGQ charges 0.53%/yr vs 0.68%/yr for TDAQ.

Performance

EDGQ vs. TDAQ - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Global X Nasdaq-100 Income Edge ETF (EDGQ) and TappAlpha Innovation 100 Growth & Daily Income ETF (TDAQ). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

EDGQ

• 1D: -0.50%
• 1M: 7.69%
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

TDAQ

• 1D: -0.75%
• 1M: 8.31%
• YTD: 19.23%
• 6M: 18.41%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

EDGQ vs. TDAQ - Yearly Performance Comparison

	2026 (YTD)
EDGQ Global X Nasdaq-100 Income Edge ETF	19.41%
TDAQ TappAlpha Innovation 100 Growth & Daily Income ETF	21.58%

Correlation

The correlation between EDGQ and TDAQ is 0.93, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (All Time) Calculated using the full available price history since Feb 19, 2026	0.93

Return for Risk

EDGQ vs. TDAQ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Global X Nasdaq-100 Income Edge ETF (EDGQ) and TappAlpha Innovation 100 Growth & Daily Income ETF (TDAQ). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Sharpe Ratios by Period

	EDGQ	TDAQ	Difference
Sharpe Ratio (All Time) Calculated using the full available price history	5.23	2.45	+2.78

Drawdowns

EDGQ vs. TDAQ - Drawdown Comparison

The maximum EDGQ drawdown since its inception was -7.87%, smaller than the maximum TDAQ drawdown of -11.31%. Use the drawdown chart below to compare losses from any high point for EDGQ and TDAQ.

Drawdown Indicators

	EDGQ	TDAQ	Difference
Max Drawdown Largest peak-to-trough decline	-7.87%	-11.31%	+3.44%
Current Drawdown Current decline from peak	-0.55%	-1.23%	+0.68%
Average Drawdown Average peak-to-trough decline	-1.28%	-2.24%	+0.96%

Volatility

Volatility by Period

	EDGQ	TDAQ	Difference
Volatility (1Y) Calculated over the trailing 1-year period	15.97%	17.13%	-1.16%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.97%	17.13%	-1.16%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.97%	17.13%	-1.16%

EDGQ vs. TDAQ - Expense Ratio Comparison

EDGQ has a 0.53% expense ratio, which is lower than TDAQ's 0.68% expense ratio.

Dividends

EDGQ vs. TDAQ - Dividend Comparison

EDGQ's dividend yield for the trailing twelve months is around 3.36%, less than TDAQ's 10.17% yield.

Position	TTM	2025
EDGQ Global X Nasdaq-100 Income Edge ETF	3.36%	0.00%
TDAQ TappAlpha Innovation 100 Growth & Daily Income ETF	10.17%	4.32%

Frequently Asked Questions

Can I hold both EDGQ and TDAQ in my portfolio?

With a correlation of 0.93, EDGQ and TDAQ move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which ETF is better, EDGQ or TDAQ?

On fees, EDGQ is cheaper at 0.53% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, EDGQ or TDAQ?

EDGQ is cheaper with a 0.53% expense ratio, compared with 0.68% for TDAQ.

Which ETF pays a higher dividend yield, EDGQ or TDAQ?

TDAQ has the higher dividend yield at 10.17%, compared with 3.36% for EDGQ.

What is the main difference between EDGQ and TDAQ?

They also come from different issuers: Global X and TappAlpha. Their fees differ too: 0.53% for EDGQ and 0.68% for TDAQ.