TDAQ vs. QQQI

Last updated Jun 24, 2026

TDAQ (TappAlpha Innovation 100 Growth & Daily Income ETF) and QQQI (NEOS Nasdaq-100 High Income ETF) are both exchange-traded funds - TDAQ is a Derivative Income fund actively managed by TappAlpha, while QQQI is a Nasdaq-100 fund actively managed by Neos. Both are actively managed. Their correlation of 0.95 suggests significant overlap in exposure. TDAQ charges 0.83%/yr vs 0.68%/yr for QQQI.

Performance

TDAQ vs. QQQI - Performance Comparison

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

Returns By Period

In the year-to-date period, TDAQ achieves a 14.87% return, which is significantly higher than QQQI's 9.86% return.

TDAQ

• 1D: -2.79%
• 1M: -0.85%
• YTD: 14.87%
• 6M: 13.47%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

QQQI

• 1D: -2.87%
• 1M: -0.93%
• YTD: 9.86%
• 6M: 8.75%
• 1Y: 24.88%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

TDAQ vs. QQQI - Yearly Performance Comparison

	2026 (YTD)	2025
TDAQ TappAlpha Innovation 100 Growth & Daily Income ETF	14.87%	9.61%
QQQI NEOS Nasdaq-100 High Income ETF	9.86%	7.04%

Correlation

The correlation between TDAQ and QQQI 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 4, 2025	0.95

TDAQ vs. QQQI - Sectors Allocation Comparison

Sectors	TDAQ	QQQI
Technology	58.7%	58.1%
Communication Services	14.3%	14.2%
Consumer Cyclical	11.4%	11.3%
Consumer Defensive	6.4%	6.5%
Healthcare	3.7%	3.9%
Industrials	2.6%	3.0%
Utilities	1.2%	1.3%
Basic Materials	1.0%	1.0%
Energy	0.5%	0.5%
Financial Services	0.2%	0.2%
Real Estate	0.1%	0.1%

Return for Risk

TDAQ vs. QQQI — 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.

QQQI

QQQI Risk / Return Rank: 53
QQQI Sharpe Ratio Rank: 51
QQQI Sortino Ratio Rank: 47
QQQI Omega Ratio Rank: 52
QQQI Calmar Ratio Rank: 54
QQQI Martin Ratio Rank: 64

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. QQQI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for TappAlpha Innovation 100 Growth & Daily Income ETF (TDAQ) and NEOS Nasdaq-100 High Income ETF (QQQI). 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	QQQI	Difference
Sharpe ratio: Return per unit of total volatility	—	1.69	—
Sortino ratio: Return per unit of downside risk	—	2.25	—
Omega ratio: Gain probability vs. loss probability	—	1.32	—
Calmar ratio: Return relative to maximum drawdown	—	2.60	—
Martin ratio: Return relative to average drawdown	—	11.10	—

Drawdowns

TDAQ vs. QQQI - Drawdown Comparison

The maximum TDAQ drawdown since its inception was -11.31%, smaller than the maximum QQQI drawdown of -20.00%. Use the drawdown chart below to compare losses from any high point for TDAQ and QQQI.

Drawdown Indicators

	TDAQ	QQQI	Difference
Max Drawdown Largest peak-to-trough decline	-11.31%	-20.00%	+8.69%
Max Drawdown (1Y) Largest decline over 1 year	—	-9.61%	—
Current Drawdown Current decline from peak	-4.84%	-3.32%	-1.52%
Average Drawdown Average peak-to-trough decline	-2.34%	-2.20%	-0.14%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	2.25%	—

Volatility

Volatility by Period

	TDAQ	QQQI	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	7.63%	—
Volatility (6M) Calculated over the trailing 6-month period	—	11.99%	—
Volatility (1Y) Calculated over the trailing 1-year period	18.52%	14.79%	+3.73%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.52%	17.53%	+0.99%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.52%	17.53%	+0.99%

TDAQ vs. QQQI - Expense Ratio Comparison

TDAQ has a 0.83% expense ratio, which is higher than QQQI's 0.68% expense ratio.

Dividends

TDAQ vs. QQQI - Dividend Comparison

TDAQ's dividend yield for the trailing twelve months is around 12.14%, less than QQQI's 14.97% yield.

Position	TTM	2025	2024
QQQI NEOS Nasdaq-100 High Income ETF	14.97%	13.82%	12.85%
TDAQ TappAlpha Innovation 100 Growth & Daily Income ETF	12.14%	4.32%	0.00%

Frequently Asked Questions

Can I hold both TDAQ and QQQI in my portfolio?

With a correlation of 0.95, TDAQ and QQQI 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 QQQI?

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, TDAQ or QQQI?

QQQI is cheaper with a 0.68% expense ratio, compared with 0.83% for TDAQ.

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

QQQI has the higher dividend yield at 14.97%, compared with 12.14% for TDAQ.

What is the main difference between TDAQ and QQQI?

TDAQ is categorized as Derivative Income, while QQQI is Nasdaq-100. They also come from different issuers: TappAlpha and Neos. Their fees differ too: 0.83% for TDAQ and 0.68% for QQQI.