IQQQ vs. TDAQ

Last updated Jun 4, 2026

IQQQ (ProShares Nasdaq-100 High Income ETF) and TDAQ (TappAlpha Innovation 100 Growth & Daily Income ETF) are both exchange-traded funds - IQQQ is a Nasdaq-100 fund tracking the Nasdaq-100 Daily Covered Call Index, while TDAQ is a Derivative Income fund actively managed by TappAlpha. IQQQ is passively managed, while TDAQ is actively managed. Their correlation of 0.95 suggests significant overlap in exposure. IQQQ charges 0.55%/yr vs 0.68%/yr for TDAQ.

Performance

IQQQ vs. TDAQ - Performance Comparison

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

Returns By Period

In the year-to-date period, IQQQ achieves a 18.72% return, which is significantly lower than TDAQ's 20.13% return.

IQQQ

• 1D: -0.30%
• 1M: 9.88%
• YTD: 18.72%
• 6M: 17.39%
• 1Y: 38.70%
• 3Y*: —
• 5Y*: —
• 10Y*: —

TDAQ

• 1D: -0.48%
• 1M: 10.56%
• YTD: 20.13%
• 6M: 19.09%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

IQQQ vs. TDAQ - Yearly Performance Comparison

	2026 (YTD)	2025
IQQQ ProShares Nasdaq-100 High Income ETF	18.72%	7.13%
TDAQ TappAlpha Innovation 100 Growth & Daily Income ETF	20.13%	8.90%

Correlation

The correlation between IQQQ and TDAQ is 0.95, 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 Sep 5, 2025	0.95

IQQQ vs. TDAQ - Sectors Allocation Comparison

Sectors	IQQQ	TDAQ
Technology	53.8%	54.2%
Communication Services	15.8%	15.5%
Consumer Cyclical	12.3%	12.2%
Consumer Defensive	7.7%	7.6%
Healthcare	4.2%	4.2%
Industrials	2.8%	2.8%
Utilities	1.4%	1.4%
Basic Materials	1.1%	1.2%
Energy	0.6%	0.6%
Financial Services	0.2%	0.2%
Real Estate	0.1%	0.1%

Return for Risk

IQQQ vs. TDAQ — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

IQQQ

IQQQ Risk / Return Rank: 70
IQQQ Sharpe Ratio Rank: 76
IQQQ Sortino Ratio Rank: 70
IQQQ Omega Ratio Rank: 69
IQQQ Calmar Ratio Rank: 69
IQQQ Martin Ratio Rank: 66

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

IQQQ vs. TDAQ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for ProShares Nasdaq-100 High Income ETF (IQQQ) 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.

	IQQQ	TDAQ	Difference
Sharpe ratio: Return per unit of total volatility	2.53	—	—
Sortino ratio: Return per unit of downside risk	3.27	—	—
Omega ratio: Gain probability vs. loss probability	1.43	—	—
Calmar ratio: Return relative to maximum drawdown	3.49	—	—
Martin ratio: Return relative to average drawdown	12.41	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	IQQQ	TDAQ	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.53	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.25	2.55	-1.31

Drawdowns

IQQQ vs. TDAQ - Drawdown Comparison

The maximum IQQQ drawdown since its inception was -20.41%, which is greater than TDAQ's maximum drawdown of -11.31%. Use the drawdown chart below to compare losses from any high point for IQQQ and TDAQ.

Drawdown Indicators

	IQQQ	TDAQ	Difference
Max Drawdown Largest peak-to-trough decline	-20.41%	-11.31%	-9.10%
Max Drawdown (1Y) Largest decline over 1 year	-11.13%	—	—
Current Drawdown Current decline from peak	-0.30%	-0.48%	+0.18%
Average Drawdown Average peak-to-trough decline	-3.64%	-2.25%	-1.39%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.13%	—	—

Volatility

Volatility by Period

	IQQQ	TDAQ	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.99%	—	—
Volatility (6M) Calculated over the trailing 6-month period	11.54%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	15.40%	17.14%	-1.74%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.57%	17.14%	+1.43%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.57%	17.14%	+1.43%

IQQQ vs. TDAQ - Expense Ratio Comparison

IQQQ has a 0.55% expense ratio, which is lower than TDAQ's 0.68% expense ratio.

Dividends

IQQQ vs. TDAQ - Dividend Comparison

IQQQ's dividend yield for the trailing twelve months is around 4.42%, less than TDAQ's 10.10% yield.

Position	TTM	2025	2024
IQQQ ProShares Nasdaq-100 High Income ETF	4.42%	10.34%	7.27%
TDAQ TappAlpha Innovation 100 Growth & Daily Income ETF	10.10%	4.32%	0.00%

Frequently Asked Questions

Can I hold both IQQQ and TDAQ in my portfolio?

With a correlation of 0.95, IQQQ 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, IQQQ or TDAQ?

On fees, IQQQ is cheaper at 0.55% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, IQQQ or TDAQ?

IQQQ is cheaper with a 0.55% expense ratio, compared with 0.68% for TDAQ.

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

TDAQ has the higher dividend yield at 10.10%, compared with 4.42% for IQQQ.

What is the main difference between IQQQ and TDAQ?

IQQQ is categorized as Nasdaq-100, while TDAQ is Derivative Income. They also come from different issuers: ProShares and TappAlpha. Their fees differ too: 0.55% for IQQQ and 0.68% for TDAQ.