TDAQ vs. QQQI

Last updated Jun 4, 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 0.94 suggests significant overlap in exposure. Both charge a 0.68% expense ratio.

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 20.13% return, which is significantly higher than QQQI's 13.43% return.

TDAQ

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

QQQI

• 1D: -0.17%
• 1M: 6.91%
• YTD: 13.43%
• 6M: 12.92%
• 1Y: 30.41%
• 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	20.13%	8.90%
QQQI NEOS Nasdaq-100 High Income ETF	13.43%	6.27%

Correlation

The correlation between TDAQ and QQQI is 0.94, 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	0.94

TDAQ vs. QQQI - Sectors Allocation Comparison

Sectors	TDAQ	QQQI
Technology	54.2%	53.3%
Communication Services	15.5%	15.7%
Consumer Cyclical	12.2%	12.1%
Consumer Defensive	7.6%	7.7%
Healthcare	4.2%	4.3%
Industrials	2.8%	3.3%
Utilities	1.4%	1.5%
Basic Materials	1.2%	1.2%
Energy	0.6%	0.7%
Financial Services	0.2%	0.3%
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.

QQQI

QQQI Risk / Return Rank: 68
QQQI Sharpe Ratio Rank: 70
QQQI Sortino Ratio Rank: 66
QQQI Omega Ratio Rank: 70
QQQI Calmar Ratio Rank: 63
QQQI Martin Ratio Rank: 74

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.

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

Sharpe Ratios by Period

	TDAQ	QQQI	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	2.35	—
Sharpe Ratio (All Time) Calculated using the full available price history	2.55	1.34	+1.22

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	-0.48%	-0.17%	-0.31%
Average Drawdown Average peak-to-trough decline	-2.25%	-2.20%	-0.05%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	2.14%	—

Volatility

Volatility by Period

	TDAQ	QQQI	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	2.68%	—
Volatility (6M) Calculated over the trailing 6-month period	—	9.85%	—
Volatility (1Y) Calculated over the trailing 1-year period	17.14%	12.98%	+4.16%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.14%	17.07%	+0.07%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.14%	17.07%	+0.07%

TDAQ vs. QQQI - Expense Ratio Comparison

Both TDAQ and QQQI have an expense ratio of 0.68%.

Dividends

TDAQ vs. QQQI - Dividend Comparison

TDAQ's dividend yield for the trailing twelve months is around 10.10%, less than QQQI's 13.19% yield.

Position	TTM	2025	2024
QQQI NEOS Nasdaq-100 High Income ETF	13.19%	13.82%	12.85%
TDAQ TappAlpha Innovation 100 Growth & Daily Income ETF	10.10%	4.32%	0.00%

Frequently Asked Questions

Can I hold both TDAQ and QQQI in my portfolio?

With a correlation of 0.94, 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?

Both ETFs have the same 0.68% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, TDAQ or QQQI?

TDAQ and QQQI have the same expense ratio: 0.68% per year.

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

QQQI has the higher dividend yield at 13.19%, compared with 10.10% 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.