QQQI vs. TDAQ

Last updated Jun 25, 2026

QQQI (NEOS Nasdaq-100 High Income ETF) and TDAQ (TappAlpha Innovation 100 Growth & Daily Income ETF) are both exchange-traded funds - QQQI is a Nasdaq-100 fund actively managed by Neos, while TDAQ is a Derivative Income fund actively managed by TappAlpha. Both are actively managed. Their correlation of 0.95 suggests significant overlap in exposure. QQQI charges 0.68%/yr vs 0.83%/yr for TDAQ.

Performance

QQQI vs. TDAQ - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in NEOS Nasdaq-100 High Income ETF (QQQI) 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, QQQI achieves a 9.46% return, which is significantly lower than TDAQ's 13.36% return.

QQQI

• 1D: -0.36%
• 1M: -1.29%
• YTD: 9.46%
• 6M: 8.08%
• 1Y: 23.23%
• 3Y*: —
• 5Y*: —
• 10Y*: —

TDAQ

• 1D: -1.31%
• 1M: -2.14%
• YTD: 13.36%
• 6M: 11.74%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

QQQI vs. TDAQ - Yearly Performance Comparison

	2026 (YTD)	2025
QQQI NEOS Nasdaq-100 High Income ETF	9.46%	7.04%
TDAQ TappAlpha Innovation 100 Growth & Daily Income ETF	13.36%	9.61%

Correlation

The correlation between QQQI 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 4, 2025	0.95

QQQI vs. TDAQ - Sectors Allocation Comparison

Sectors	QQQI	TDAQ
Technology	58.1%	58.7%
Communication Services	14.2%	14.3%
Consumer Cyclical	11.3%	11.4%
Consumer Defensive	6.5%	6.4%
Healthcare	3.9%	3.7%
Industrials	3.0%	2.6%
Utilities	1.3%	1.2%
Basic Materials	1.0%	1.0%
Energy	0.5%	0.5%
Financial Services	0.2%	0.2%
Real Estate	0.1%	0.1%

Return for Risk

QQQI vs. TDAQ — Risk / Return Rank

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

QQQI

QQQI Risk / Return Rank: 54
QQQI Sharpe Ratio Rank: 51
QQQI Sortino Ratio Rank: 47
QQQI Omega Ratio Rank: 52
QQQI Calmar Ratio Rank: 55
QQQI Martin Ratio Rank: 63

TDAQ

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

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.

QQQI vs. TDAQ - Risk-Adjusted Trends Comparison

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

	QQQI	TDAQ	Difference
Sharpe ratio: Return per unit of total volatility	1.58	—	—
Sortino ratio: Return per unit of downside risk	2.12	—	—
Omega ratio: Gain probability vs. loss probability	1.30	—	—
Calmar ratio: Return relative to maximum drawdown	2.43	—	—
Martin ratio: Return relative to average drawdown	10.31	—	—

Drawdowns

QQQI vs. TDAQ - Drawdown Comparison

The maximum QQQI drawdown since its inception was -20.00%, which is greater than TDAQ's maximum drawdown of -11.31%. Use the drawdown chart below to compare losses from any high point for QQQI and TDAQ.

Drawdown Indicators

	QQQI	TDAQ	Difference
Max Drawdown Largest peak-to-trough decline	-20.00%	-11.31%	-8.69%
Max Drawdown (1Y) Largest decline over 1 year	-9.61%	—	—
Current Drawdown Current decline from peak	-3.67%	-6.08%	+2.41%
Average Drawdown Average peak-to-trough decline	-2.21%	-2.35%	+0.14%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.26%	—	—

Volatility

Volatility by Period

	QQQI	TDAQ	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.62%	—	—
Volatility (6M) Calculated over the trailing 6-month period	11.94%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	14.78%	18.54%	-3.76%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.51%	18.54%	-1.03%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.51%	18.54%	-1.03%

QQQI vs. TDAQ - Expense Ratio Comparison

QQQI has a 0.68% expense ratio, which is lower than TDAQ's 0.83% expense ratio.

Dividends

QQQI vs. TDAQ - Dividend Comparison

QQQI's dividend yield for the trailing twelve months is around 15.03%, more than TDAQ's 12.31% yield.

Position	TTM	2025	2024
QQQI NEOS Nasdaq-100 High Income ETF	15.03%	13.82%	12.85%
TDAQ TappAlpha Innovation 100 Growth & Daily Income ETF	12.31%	4.32%	0.00%

Frequently Asked Questions

Can I hold both QQQI and TDAQ in my portfolio?

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

On fees, QQQI is cheaper at 0.68% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, QQQI or TDAQ?

QQQI is cheaper with a 0.68% expense ratio, compared with 0.83% for TDAQ.

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

QQQI has the higher dividend yield at 15.03%, compared with 12.31% for TDAQ.

What is the main difference between QQQI and TDAQ?

QQQI is categorized as Nasdaq-100, while TDAQ is Derivative Income. They also come from different issuers: Neos and TappAlpha. Their fees differ too: 0.68% for QQQI and 0.83% for TDAQ.