TDAQ vs. FYEE
TDAQ (TappAlpha Innovation 100 Growth & Daily Income ETF) and FYEE (Fidelity Yield Enhanced Equity ETF) are both Derivative Income funds. Both are actively managed. Their correlation of 0.83 suggests significant overlap in exposure. TDAQ charges 0.68%/yr vs 0.28%/yr for FYEE.
Performance
TDAQ vs. FYEE - Performance Comparison
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Returns By Period
In the year-to-date period, TDAQ achieves a 20.13% return, which is significantly higher than FYEE's 7.03% return.
TDAQ
- 1D
- -0.48%
- 1M
- 10.56%
- YTD
- 20.13%
- 6M
- 19.09%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
FYEE
- 1D
- -0.30%
- 1M
- 3.22%
- YTD
- 7.03%
- 6M
- 8.52%
- 1Y
- 24.64%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
TDAQ vs. FYEE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
TDAQ TappAlpha Innovation 100 Growth & Daily Income ETF | 20.13% | 8.90% |
FYEE Fidelity Yield Enhanced Equity ETF | 7.03% | 6.99% |
Correlation
The correlation between TDAQ and FYEE is 0.83, 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 | 0.83 |
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Return for Risk
TDAQ vs. FYEE — Risk / Return Rank
TDAQ
FYEE
TDAQ vs. FYEE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for TappAlpha Innovation 100 Growth & Daily Income ETF (TDAQ) and Fidelity Yield Enhanced Equity ETF (FYEE). 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.
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
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Sharpe Ratios by Period
| TDAQ | FYEE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | — | 2.57 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 2.55 | 1.24 | +1.31 |
Drawdowns
TDAQ vs. FYEE - Drawdown Comparison
The maximum TDAQ drawdown since its inception was -11.31%, smaller than the maximum FYEE drawdown of -18.79%. Use the drawdown chart below to compare losses from any high point for TDAQ and FYEE.
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Drawdown Indicators
| TDAQ | FYEE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -11.31% | -18.79% | +7.48% |
Max Drawdown (1Y)Largest decline over 1 year | — | -7.39% | — |
Current DrawdownCurrent decline from peak | -0.48% | -0.30% | -0.18% |
Average DrawdownAverage peak-to-trough decline | -2.25% | -2.25% | 0.00% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 1.44% | — |
Volatility
TDAQ vs. FYEE - Volatility Comparison
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Volatility by Period
| TDAQ | FYEE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 1.43% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 7.26% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 17.14% | 9.64% | +7.50% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.14% | 13.84% | +3.30% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.14% | 13.84% | +3.30% |
TDAQ vs. FYEE - Expense Ratio Comparison
TDAQ has a 0.68% expense ratio, which is higher than FYEE's 0.28% expense ratio.
Dividends
TDAQ vs. FYEE - Dividend Comparison
TDAQ's dividend yield for the trailing twelve months is around 10.10%, more than FYEE's 7.57% yield.
| Position | TTM | 2025 | 2024 |
|---|---|---|---|
FYEE Fidelity Yield Enhanced Equity ETF | 7.57% | 7.08% | 5.45% |
TDAQ TappAlpha Innovation 100 Growth & Daily Income ETF | 10.10% | 4.32% | 0.00% |
Frequently Asked Questions
TDAQ and FYEE have a correlation of 0.83, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, FYEE is cheaper at 0.28% per year. The better choice depends on whether you care most about return, fees, risk, or income.
FYEE is cheaper with a 0.28% expense ratio, compared with 0.68% for TDAQ.
TDAQ has the higher dividend yield at 10.10%, compared with 7.57% for FYEE.
They also come from different issuers: TappAlpha and Fidelity. Their fees differ too: 0.68% for TDAQ and 0.28% for FYEE.
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