TDAQ vs. QQQI
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 0.95 correlation means they have historically moved very closely together. TDAQ charges 0.83%/yr vs 0.68%/yr for QQQI.
Performance
TDAQ vs. QQQI - Performance Comparison
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Returns By Period
In the year-to-date period, TDAQ achieves a 10.97% return, which is significantly higher than QQQI's 6.90% return.
TDAQ
- 1D
- 0.54%
- 1M
- -2.90%
- 6M
- 10.40%
- YTD
- 10.97%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- —
QQQI
- 1D
- 0.68%
- 1M
- -3.08%
- 6M
- 5.69%
- YTD
- 6.90%
- 1Y
- 17.94%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 18.07%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $341.25M | $334.46M | $358.36M | |
| $8.27M | $7.96M | $6.89M |
TDAQ vs. QQQI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
TDAQ TappAlpha Innovation 100 Growth & Daily Income ETF | 10.97% | 9.61% |
QQQI NEOS Nasdaq-100 High Income ETF | 6.90% | 7.04% |
Correlation
The correlation between TDAQ and QQQI is 0.95 - they have historically moved very closely together. At this level, their price movements offset little of one another.
| 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
Communication Services
Consumer Cyclical
Consumer Defensive
Healthcare
Industrials
Utilities
Basic Materials
Energy
Financial Services
Real Estate
Technology
TDAQ
QQQI
Communication Services
TDAQ
QQQI
Consumer Cyclical
TDAQ
QQQI
Consumer Defensive
TDAQ
QQQI
Healthcare
TDAQ
QQQI
Industrials
TDAQ
QQQI
Utilities
TDAQ
QQQI
Basic Materials
TDAQ
QQQI
Energy
TDAQ
QQQI
Financial Services
TDAQ
QQQI
Real Estate
TDAQ
QQQI
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Return for Risk
TDAQ vs. QQQI — Risk / Return Rank
TDAQ
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
QQQI
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 ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.18 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 1.67 | — |
| Martin ratioReturn relative to average drawdown | — | 6.03 | — |
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Drawdowns
TDAQ vs. QQQI - Drawdown Comparison
The maximum TDAQ drawdown since its inception was -11.72%, 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.
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Drawdown Indicators
| TDAQ | QQQI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -11.72% | -20.00% | +8.28% |
Max Drawdown (1Y)Largest decline over 1 year | — | -9.61% | — |
Current DrawdownCurrent decline from peak | -8.07% | -5.92% | -2.15% |
Average DrawdownAverage peak-to-trough decline | -2.77% | -2.27% | -0.50% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 2.67% | — |
Volatility
TDAQ vs. QQQI - Volatility Comparison
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Volatility by Period
| TDAQ | QQQI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 6.53% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 13.66% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 19.30% | 16.35% | +2.95% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.30% | 17.75% | +1.55% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.30% | 17.75% | +1.55% |
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 14.24%, which matches QQQI's 14.38% yield.
| Position | TTM | 2025 | 2024 |
|---|---|---|---|
QQQI NEOS Nasdaq-100 High Income ETF | 14.38% | 13.82% | 12.85% |
TDAQ TappAlpha Innovation 100 Growth & Daily Income ETF | 14.24% | 4.32% | 0.00% |
Frequently Asked Questions
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.
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.
QQQI is cheaper with a 0.68% expense ratio, compared with 0.83% for TDAQ.
QQQI has the higher dividend yield at 14.38%, compared with 14.24% for TDAQ.
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.
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