TDAQ vs. IQQQ

Last updated Jun 4, 2026

TDAQ (TappAlpha Innovation 100 Growth & Daily Income ETF) and IQQQ (ProShares Nasdaq-100 High Income ETF) are both exchange-traded funds - TDAQ is a Derivative Income fund actively managed by TappAlpha, while IQQQ is a Nasdaq-100 fund tracking the Nasdaq-100 Daily Covered Call Index. TDAQ is actively managed, while IQQQ is passively managed. Their correlation of 0.95 suggests significant overlap in exposure. TDAQ charges 0.68%/yr vs 0.55%/yr for IQQQ.

Performance

TDAQ vs. IQQQ - Performance Comparison

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

Returns By Period

In the year-to-date period, TDAQ achieves a 20.13% return, which is significantly higher than IQQQ's 18.72% return.

TDAQ

• 1D: -0.48%
• 1M: 10.56%
• YTD: 20.13%
• 6M: 19.09%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

IQQQ

• 1D: -0.30%
• 1M: 9.88%
• YTD: 18.72%
• 6M: 17.39%
• 1Y: 38.70%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

TDAQ vs. IQQQ - Yearly Performance Comparison

	2026 (YTD)	2025
TDAQ TappAlpha Innovation 100 Growth & Daily Income ETF	20.13%	8.90%
IQQQ ProShares Nasdaq-100 High Income ETF	18.72%	7.13%

Correlation

The correlation between TDAQ and IQQQ 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 5, 2025	0.95

TDAQ vs. IQQQ - Sectors Allocation Comparison

Sectors	TDAQ	IQQQ
Technology	54.2%	53.8%
Communication Services	15.5%	15.8%
Consumer Cyclical	12.2%	12.3%
Consumer Defensive	7.6%	7.7%
Healthcare	4.2%	4.2%
Industrials	2.8%	2.8%
Utilities	1.4%	1.4%
Basic Materials	1.2%	1.1%
Energy	0.6%	0.6%
Financial Services	0.2%	0.2%
Real Estate	0.1%	0.1%

Return for Risk

TDAQ vs. IQQQ — Risk / Return Rank

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

IQQQ

IQQQ Risk / Return Rank: 70
IQQQ Sharpe Ratio Rank: 76
IQQQ Sortino Ratio Rank: 70
IQQQ Omega Ratio Rank: 69
IQQQ Calmar Ratio Rank: 69
IQQQ Martin Ratio Rank: 66

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. IQQQ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for TappAlpha Innovation 100 Growth & Daily Income ETF (TDAQ) and ProShares Nasdaq-100 High Income ETF (IQQQ). 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.

Sharpe Ratios by Period

	TDAQ	IQQQ	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	2.53	—
Sharpe Ratio (All Time) Calculated using the full available price history	2.55	1.25	+1.31

Drawdowns

TDAQ vs. IQQQ - Drawdown Comparison

The maximum TDAQ drawdown since its inception was -11.31%, smaller than the maximum IQQQ drawdown of -20.41%. Use the drawdown chart below to compare losses from any high point for TDAQ and IQQQ.

Drawdown Indicators

	TDAQ	IQQQ	Difference
Max Drawdown Largest peak-to-trough decline	-11.31%	-20.41%	+9.10%
Max Drawdown (1Y) Largest decline over 1 year	—	-11.13%	—
Current Drawdown Current decline from peak	-0.48%	-0.30%	-0.18%
Average Drawdown Average peak-to-trough decline	-2.25%	-3.64%	+1.39%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	3.13%	—

Volatility

Volatility by Period

	TDAQ	IQQQ	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	3.99%	—
Volatility (6M) Calculated over the trailing 6-month period	—	11.54%	—
Volatility (1Y) Calculated over the trailing 1-year period	17.14%	15.40%	+1.74%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.14%	18.57%	-1.43%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.14%	18.57%	-1.43%

TDAQ vs. IQQQ - Expense Ratio Comparison

TDAQ has a 0.68% expense ratio, which is higher than IQQQ's 0.55% expense ratio.

Dividends

TDAQ vs. IQQQ - Dividend Comparison

TDAQ's dividend yield for the trailing twelve months is around 10.10%, more than IQQQ's 4.42% yield.

Position	TTM	2025	2024
IQQQ ProShares Nasdaq-100 High Income ETF	4.42%	10.34%	7.27%
TDAQ TappAlpha Innovation 100 Growth & Daily Income ETF	10.10%	4.32%	0.00%

Frequently Asked Questions

Can I hold both TDAQ and IQQQ in my portfolio?

With a correlation of 0.95, TDAQ and IQQQ 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, TDAQ or IQQQ?

On fees, IQQQ is cheaper at 0.55% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, TDAQ or IQQQ?

IQQQ is cheaper with a 0.55% expense ratio, compared with 0.68% for TDAQ.

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

TDAQ has the higher dividend yield at 10.10%, compared with 4.42% for IQQQ.

What is the main difference between TDAQ and IQQQ?

TDAQ is categorized as Derivative Income, while IQQQ is Nasdaq-100. They also come from different issuers: TappAlpha and ProShares. Their fees differ too: 0.68% for TDAQ and 0.55% for IQQQ.