TDAQ vs. FTQI

Last updated Jul 17, 2026

TDAQ (TappAlpha Innovation 100 Growth & Daily Income ETF) and FTQI (First Trust Nasdaq BuyWrite Income ETF) are both exchange-traded funds - TDAQ is a Derivative Income fund actively managed by TappAlpha, while FTQI is a Nasdaq-100 fund tracking the NASDAQ-100 Index. TDAQ is actively managed, while FTQI is passively managed. Their correlation of 0.85 suggests significant overlap in exposure. TDAQ charges 0.83%/yr vs 0.75%/yr for FTQI.

Performance

TDAQ vs. FTQI - Performance Comparison

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

Returns By Period

In the year-to-date period, TDAQ achieves a 13.51% return, which is significantly higher than FTQI's 12.76% return.

TDAQ

• 1D: -1.76%
• 1M: -3.12%
• 6M: 12.44%
• YTD: 13.51%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

FTQI

• 1D: -0.72%
• 1M: 1.28%
• 6M: 11.68%
• YTD: 12.76%
• 1Y: 26.34%
• 3Y*: 16.62%
• 5Y*: 12.26%
• 10Y*: 7.85%

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

TDAQ vs. FTQI - Yearly Performance Comparison

	2026 (YTD)	2025
TDAQ TappAlpha Innovation 100 Growth & Daily Income ETF	13.51%	9.61%
FTQI First Trust Nasdaq BuyWrite Income ETF	12.76%	7.89%

Correlation

The correlation between TDAQ and FTQI is 0.85, 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	0.85

TDAQ vs. FTQI - Sectors Allocation Comparison

Sectors	TDAQ	FTQI
Technology	58.7%	49.4%
Communication Services	14.3%	11.8%
Consumer Cyclical	11.4%	10.5%
Consumer Defensive	6.4%	6.2%
Healthcare	3.7%	6.0%
Industrials	2.6%	4.1%
Utilities	1.2%	1.5%
Basic Materials	1.0%	1.4%
Energy	0.5%	2.3%
Financial Services	0.2%	5.5%
Real Estate	0.1%	1.3%

Return for Risk

TDAQ vs. FTQI — Risk / Return Rank

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

TDAQ

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

FTQI

FTQI Risk / Return Rank: 91
FTQI Sharpe Ratio Rank: 90
FTQI Sortino Ratio Rank: 89
FTQI Omega Ratio Rank: 90
FTQI Calmar Ratio Rank: 89
FTQI Martin Ratio Rank: 94

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.

TDAQ vs. FTQI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for TappAlpha Innovation 100 Growth & Daily Income ETF (TDAQ) and First Trust Nasdaq BuyWrite Income ETF (FTQI). 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.

	TDAQ	FTQI	Difference
Sharpe ratio: Return per unit of total volatility	—	2.43	—
Sortino ratio: Return per unit of downside risk	—	3.37	—
Omega ratio: Gain probability vs. loss probability	—	1.45	—
Calmar ratio: Return relative to maximum drawdown	—	4.24	—
Martin ratio: Return relative to average drawdown	—	20.07	—

Drawdowns

TDAQ vs. FTQI - Drawdown Comparison

The maximum TDAQ drawdown since its inception was -11.31%, smaller than the maximum FTQI drawdown of -19.42%. Use the drawdown chart below to compare losses from any high point for TDAQ and FTQI.

Drawdown Indicators

	TDAQ	FTQI	Difference
Max Drawdown Largest peak-to-trough decline	-11.31%	-19.42%	+8.11%
Max Drawdown (1Y) Largest decline over 1 year	—	-6.24%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-19.42%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-19.42%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-19.42%	—
Current Drawdown Current decline from peak	-5.96%	-0.85%	-5.11%
Average Drawdown Average peak-to-trough decline	-2.49%	-3.73%	+1.24%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	1.32%	—

Volatility

Volatility by Period

	TDAQ	FTQI	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	2.92%	—
Volatility (6M) Calculated over the trailing 6-month period	—	8.83%	—
Volatility (1Y) Calculated over the trailing 1-year period	18.88%	10.87%	+8.01%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.88%	14.82%	+4.06%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.88%	12.98%	+5.90%

TDAQ vs. FTQI - Expense Ratio Comparison

TDAQ has a 0.83% expense ratio, which is higher than FTQI's 0.75% expense ratio.

Dividends

TDAQ vs. FTQI - Dividend Comparison

TDAQ's dividend yield for the trailing twelve months is around 13.92%, more than FTQI's 10.92% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FTQI First Trust Nasdaq BuyWrite Income ETF	10.92%	11.46%	11.66%	11.49%	9.85%	3.05%	3.27%	2.95%	3.27%	2.74%	3.02%	3.54%
TDAQ TappAlpha Innovation 100 Growth & Daily Income ETF	13.92%	4.32%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both TDAQ and FTQI in my portfolio?

TDAQ and FTQI have a correlation of 0.85, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, TDAQ or FTQI?

On fees, FTQI is cheaper at 0.75% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, TDAQ or FTQI?

FTQI is cheaper with a 0.75% expense ratio, compared with 0.83% for TDAQ.

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

TDAQ has the higher dividend yield at 13.92%, compared with 10.92% for FTQI.

What is the main difference between TDAQ and FTQI?

TDAQ is categorized as Derivative Income, while FTQI is Nasdaq-100. They also come from different issuers: TappAlpha and First Trust. Their fees differ too: 0.83% for TDAQ and 0.75% for FTQI.