QQQI vs. TDAQ

Last updated Aug 5, 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 0.96 correlation means they have historically moved very closely together. 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 11.18% return, which is significantly lower than TDAQ's 16.86% return.

QQQI

• 1D: 2.45%
• 1M: 0.80%
• 6M: 10.57%
• YTD: 11.18%
• 1Y: 20.70%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 19.84%

TDAQ

• 1D: 3.49%
• 1M: 2.26%
• 6M: 17.81%
• YTD: 16.86%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: —

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
QQQI NEOS Nasdaq-100 High Income ETF	$332.84M	$328.69M	$357.78M
TDAQ TappAlpha Innovation 100 Growth & Daily Income ETF	$9.13M	$8.19M	$7.04M

QQQI vs. TDAQ - Yearly Performance Comparison

	2026 (YTD)	2025
QQQI NEOS Nasdaq-100 High Income ETF	11.18%	7.04%
TDAQ TappAlpha Innovation 100 Growth & Daily Income ETF	16.86%	9.61%

Correlation

The correlation between QQQI and TDAQ is 0.96 - they have historically moved very closely together. At this level, their price movements offset little of one another.

	Correlation
Correlation (All Time) Calculated using the full available price history since Sep 4, 2025	0.96

QQQI vs. TDAQ - Sectors Allocation Comparison

Sectors	QQQI	TDAQ
Technology	59.9%	60.9%
Communication Services	12.1%	13.1%
Consumer Cyclical	10.0%	10.7%
Consumer Defensive	6.5%	6.3%
Industrials	4.3%	2.7%
Healthcare	3.7%	3.6%
Utilities	1.2%	1.1%
Basic Materials	1.1%	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 historical risk-adjusted metric ranks over the past 12 months.

QQQI

QQQI Risk / Return Rank: 49
QQQI Sharpe Ratio Rank: 45
QQQI Sortino Ratio Rank: 43
QQQI Omega Ratio Rank: 44
QQQI Calmar Ratio Rank: 54
QQQI Martin Ratio Rank: 58

TDAQ

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

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

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	1.27	—	—
Sortino ratio: Return per unit of downside risk	1.78	—	—
Omega ratio: Gain probability vs. loss probability	1.23	—	—
Calmar ratio: Return relative to maximum drawdown	2.16	—	—
Martin ratio: Return relative to average drawdown	7.74	—	—

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 -11.72%. 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%	-11.72%	-8.28%
Max Drawdown (1Y) Largest decline over 1 year	-9.61%	—	—
Current Drawdown Current decline from peak	-2.16%	-3.19%	+1.03%
Average Drawdown Average peak-to-trough decline	-2.28%	-2.78%	+0.50%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.68%	—	—

Volatility

Volatility by Period

	QQQI	TDAQ	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.94%	—	—
Volatility (6M) Calculated over the trailing 6-month period	13.90%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	16.49%	19.62%	-3.13%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.81%	19.62%	-1.81%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.81%	19.62%	-1.81%

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 13.82%, more than TDAQ's 13.52% yield.

Position	TTM	2025	2024
QQQI NEOS Nasdaq-100 High Income ETF	13.82%	13.82%	12.85%
TDAQ TappAlpha Innovation 100 Growth & Daily Income ETF	13.52%	4.32%	0.00%

Frequently Asked Questions

Can I hold both QQQI and TDAQ in my portfolio?

With a correlation of 0.96, 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 13.82%, compared with 13.52% 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.