ODTE vs. TDAQ
ODTE (VegaShares SPX NDX RTY Premium Income ETF) and TDAQ (TappAlpha Innovation 100 Growth & Daily Income ETF) are both Derivative Income funds. Both are actively managed. Their correlation of 0.81 suggests significant overlap in exposure. ODTE charges 0.76%/yr vs 0.83%/yr for TDAQ.
Performance
ODTE vs. TDAQ - Performance Comparison
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Returns By Period
ODTE
- 1D
- -0.88%
- 1M
- -2.97%
- 6M
- —
- YTD
- —
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
TDAQ
- 1D
- -1.72%
- 1M
- -5.32%
- 6M
- 14.28%
- YTD
- 14.28%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
ODTE vs. TDAQ - Yearly Performance Comparison
| 2026 (YTD) | |
|---|---|
ODTE VegaShares SPX NDX RTY Premium Income ETF | 11.25% |
TDAQ TappAlpha Innovation 100 Growth & Daily Income ETF | 19.18% |
Correlation
The correlation between ODTE and TDAQ is 0.81, 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 Apr 2, 2026 | 0.81 |
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Return for Risk
ODTE vs. TDAQ - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for VegaShares SPX NDX RTY Premium Income ETF (ODTE) 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
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Drawdowns
ODTE vs. TDAQ - Drawdown Comparison
The maximum ODTE drawdown since its inception was -4.67%, smaller than the maximum TDAQ drawdown of -11.31%. Use the drawdown chart below to compare losses from any high point for ODTE and TDAQ.
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Drawdown Indicators
| ODTE | TDAQ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -4.67% | -11.31% | +6.64% |
Current DrawdownCurrent decline from peak | -2.97% | -5.32% | +2.35% |
Average DrawdownAverage peak-to-trough decline | -1.06% | -2.41% | +1.35% |
Volatility
ODTE vs. TDAQ - Volatility Comparison
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Volatility by Period
| ODTE | TDAQ | Difference | |
|---|---|---|---|
Volatility (1Y)Calculated over the trailing 1-year period | 15.51% | 18.78% | -3.27% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.51% | 18.78% | -3.27% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.51% | 18.78% | -3.27% |
ODTE vs. TDAQ - Expense Ratio Comparison
ODTE has a 0.76% expense ratio, which is lower than TDAQ's 0.83% expense ratio.
Dividends
ODTE vs. TDAQ - Dividend Comparison
ODTE's dividend yield for the trailing twelve months is around 3.27%, less than TDAQ's 12.21% yield.
| Position | TTM | 2025 |
|---|---|---|
ODTE VegaShares SPX NDX RTY Premium Income ETF | 3.27% | 0.00% |
TDAQ TappAlpha Innovation 100 Growth & Daily Income ETF | 12.21% | 4.32% |
Frequently Asked Questions
ODTE and TDAQ have a correlation of 0.81, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, ODTE is cheaper at 0.76% per year. The better choice depends on whether you care most about return, fees, risk, or income.
ODTE is cheaper with a 0.76% expense ratio, compared with 0.83% for TDAQ.
TDAQ has the higher dividend yield at 12.21%, compared with 3.27% for ODTE.
They also come from different issuers: VegaShares and TappAlpha. Their fees differ too: 0.76% for ODTE and 0.83% for TDAQ.
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