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TDAQ vs. QQQI
Performance
Return for Risk
Dividends
Drawdowns
Volatility

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.

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TDAQ vs. QQQI - Yearly Performance Comparison


Returns By Period

In the year-to-date period, TDAQ achieves a -5.75% return, which is significantly lower than QQQI's -4.41% return.


TDAQ

1D
3.47%
1M
-5.19%
YTD
-5.75%
6M
-2.06%
1Y
3Y*
5Y*
10Y*

QQQI

1D
3.26%
1M
-4.11%
YTD
-4.41%
6M
-1.61%
1Y
20.87%
3Y*
5Y*
10Y*
*Multi-year figures are annualized to reflect compound growth (CAGR)

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TDAQ vs. QQQI - Expense Ratio Comparison

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


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

QQQI
QQQI Risk / Return Rank: 7272
Overall Rank
QQQI Sharpe Ratio Rank: 6464
Sharpe Ratio Rank
QQQI Sortino Ratio Rank: 6969
Sortino Ratio Rank
QQQI Omega Ratio Rank: 7171
Omega Ratio Rank
QQQI Calmar Ratio Rank: 7575
Calmar Ratio Rank
QQQI Martin Ratio Rank: 8181
Martin Ratio Rank
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.

TDAQ vs. QQQI - Sharpe Ratio Comparison


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Sharpe Ratios by Period


TDAQQQQIDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

1.06

Sharpe Ratio (All Time)

Calculated using the full available price history

0.27

0.88

-0.61

Correlation

The correlation between TDAQ and QQQI is 0.94, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.


Dividends

TDAQ vs. QQQI - Dividend Comparison

TDAQ's dividend yield for the trailing twelve months is around 9.40%, less than QQQI's 15.05% yield.


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.


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Drawdown Indicators


TDAQQQQIDifference

Max Drawdown

Largest peak-to-trough decline

-11.31%

-20.00%

+8.69%

Max Drawdown (1Y)

Largest decline over 1 year

-11.46%

Current Drawdown

Current decline from peak

-8.23%

-6.66%

-1.57%

Average Drawdown

Average peak-to-trough decline

-2.58%

-2.31%

-0.27%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.52%

Volatility

TDAQ vs. QQQI - Volatility Comparison


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Volatility by Period


TDAQQQQIDifference

Volatility (1M)

Calculated over the trailing 1-month period

6.11%

Volatility (6M)

Calculated over the trailing 6-month period

11.18%

Volatility (1Y)

Calculated over the trailing 1-year period

17.55%

19.70%

-2.15%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

17.55%

17.49%

+0.06%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

17.55%

17.49%

+0.06%