TDAQ vs. QQQ

Last updated Jun 12, 2026

TDAQ (TappAlpha Innovation 100 Growth & Daily Income ETF) and QQQ (Invesco QQQ ETF) are both exchange-traded funds - TDAQ is a Derivative Income fund actively managed by TappAlpha, while QQQ is a Nasdaq-100 fund tracking the NASDAQ-100 Index. TDAQ is actively managed, while QQQ is passively managed. With a 0.95 correlation, they move nearly in lockstep. TDAQ charges 0.83%/yr vs 0.18%/yr for QQQ.

Performance

TDAQ vs. QQQ - Performance Comparison

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

Returns By Period

In the year-to-date period, TDAQ achieves a 14.00% return, which is significantly lower than QQQ's 16.88% return.

TDAQ

• 1D: 1.39%
• 1M: 0.09%
• YTD: 14.00%
• 6M: 12.43%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

QQQ

• 1D: 3.38%
• 1M: 1.40%
• YTD: 16.88%
• 6M: 14.93%
• 1Y: 35.35%
• 3Y*: 26.51%
• 5Y*: 16.71%
• 10Y*: 21.71%

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

TDAQ vs. QQQ - Yearly Performance Comparison

	2026 (YTD)	2025
TDAQ TappAlpha Innovation 100 Growth & Daily Income ETF	14.00%	9.61%
QQQ Invesco QQQ ETF	16.88%	8.02%

Correlation

The correlation between TDAQ and QQQ is 0.95 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.

	Correlation
Correlation (All Time) Calculated using the full available price history since Sep 4, 2025	0.95

TDAQ vs. QQQ - Sectors Allocation Comparison

Sectors	TDAQ	QQQ
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. QQQ — 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.

QQQ

QQQ Risk / Return Rank: 74
QQQ Sharpe Ratio Rank: 78
QQQ Sortino Ratio Rank: 73
QQQ Omega Ratio Rank: 75
QQQ Calmar Ratio Rank: 71
QQQ Martin Ratio Rank: 72

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. QQQ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for TappAlpha Innovation 100 Growth & Daily Income ETF (TDAQ) and Invesco QQQ ETF (QQQ). 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	QQQ	Difference
Sharpe ratio: Return per unit of total volatility	—	2.07	—
Sortino ratio: Return per unit of downside risk	—	2.70	—
Omega ratio: Gain probability vs. loss probability	—	1.36	—
Calmar ratio: Return relative to maximum drawdown	—	2.97	—
Martin ratio: Return relative to average drawdown	—	11.09	—

Drawdowns

TDAQ vs. QQQ - Drawdown Comparison

The maximum TDAQ drawdown since its inception was -11.31%, smaller than the maximum QQQ drawdown of -82.97%. Use the drawdown chart below to compare losses from any high point for TDAQ and QQQ.

Drawdown Indicators

	TDAQ	QQQ	Difference
Max Drawdown Largest peak-to-trough decline	-11.31%	-82.97%	+71.66%
Max Drawdown (1Y) Largest decline over 1 year	—	-11.96%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-22.77%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-35.12%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-35.12%	—
Current Drawdown Current decline from peak	-5.56%	-3.89%	-1.67%
Average Drawdown Average peak-to-trough decline	-2.31%	-32.76%	+30.45%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	3.19%	—

Volatility

Volatility by Period

	TDAQ	QQQ	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	7.61%	—
Volatility (6M) Calculated over the trailing 6-month period	—	13.80%	—
Volatility (1Y) Calculated over the trailing 1-year period	18.02%	17.19%	+0.83%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.02%	22.56%	-4.54%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.02%	22.38%	-4.36%

TDAQ vs. QQQ - Expense Ratio Comparison

TDAQ has a 0.83% expense ratio, which is higher than QQQ's 0.18% expense ratio.

Dividends

TDAQ vs. QQQ - Dividend Comparison

TDAQ's dividend yield for the trailing twelve months is around 10.64%, more than QQQ's 0.39% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
QQQ Invesco QQQ ETF	0.39%	0.45%	0.56%	0.62%	0.80%	0.43%	0.55%	0.74%	0.91%	0.84%	1.06%	0.99%
TDAQ TappAlpha Innovation 100 Growth & Daily Income ETF	10.64%	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 QQQ in my portfolio?

With a correlation of 0.95, TDAQ and QQQ 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 QQQ?

On fees, QQQ is cheaper at 0.18% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, TDAQ or QQQ?

QQQ is cheaper with a 0.18% expense ratio, compared with 0.83% for TDAQ.

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

TDAQ has the higher dividend yield at 10.64%, compared with 0.39% for QQQ.

What is the main difference between TDAQ and QQQ?

TDAQ is categorized as Derivative Income, while QQQ is Nasdaq-100. They also come from different issuers: TappAlpha and Invesco. Their fees differ too: 0.83% for TDAQ and 0.18% for QQQ.