TDAQ vs. QQQM

Last updated Jun 4, 2026

TDAQ (TappAlpha Innovation 100 Growth & Daily Income ETF) and QQQM (Invesco NASDAQ 100 ETF) are both exchange-traded funds - TDAQ is a Derivative Income fund actively managed by TappAlpha, while QQQM is a Nasdaq-100 fund tracking the NASDAQ-100 Index. TDAQ is actively managed, while QQQM is passively managed. With a 0.95 correlation, they move nearly in lockstep. TDAQ charges 0.68%/yr vs 0.15%/yr for QQQM.

Performance

TDAQ vs. QQQM - 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 NASDAQ 100 ETF (QQQM). 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 lower than QQQM's 21.39% return.

TDAQ

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

QQQM

• 1D: -0.20%
• 1M: 10.67%
• YTD: 21.39%
• 6M: 19.75%
• 1Y: 41.98%
• 3Y*: 28.89%
• 5Y*: 18.07%
• 10Y*: —

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

TDAQ vs. QQQM - Yearly Performance Comparison

	2026 (YTD)	2025
TDAQ TappAlpha Innovation 100 Growth & Daily Income ETF	20.13%	8.90%
QQQM Invesco NASDAQ 100 ETF	21.39%	7.08%

Correlation

The correlation between TDAQ and QQQM 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 5, 2025	0.95

TDAQ vs. QQQM - Sectors Allocation Comparison

Sectors	TDAQ	QQQM
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. QQQM — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

QQQM

QQQM Risk / Return Rank: 74
QQQM Sharpe Ratio Rank: 80
QQQM Sortino Ratio Rank: 75
QQQM Omega Ratio Rank: 75
QQQM Calmar Ratio Rank: 69
QQQM Martin Ratio Rank: 71

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. QQQM - 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 NASDAQ 100 ETF (QQQM). 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	QQQM	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	2.65	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.82	—
Sharpe Ratio (All Time) Calculated using the full available price history	2.55	0.85	+1.70

Drawdowns

TDAQ vs. QQQM - Drawdown Comparison

The maximum TDAQ drawdown since its inception was -11.31%, smaller than the maximum QQQM drawdown of -35.04%. Use the drawdown chart below to compare losses from any high point for TDAQ and QQQM.

Drawdown Indicators

	TDAQ	QQQM	Difference
Max Drawdown Largest peak-to-trough decline	-11.31%	-35.04%	+23.73%
Max Drawdown (1Y) Largest decline over 1 year	—	-11.96%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-22.70%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-35.04%	—
Current Drawdown Current decline from peak	-0.48%	-0.20%	-0.28%
Average Drawdown Average peak-to-trough decline	-2.25%	-8.25%	+6.00%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	3.11%	—

Volatility

Volatility by Period

	TDAQ	QQQM	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	4.48%	—
Volatility (6M) Calculated over the trailing 6-month period	—	12.05%	—
Volatility (1Y) Calculated over the trailing 1-year period	17.14%	15.91%	+1.23%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.14%	22.24%	-5.10%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.14%	22.12%	-4.98%

TDAQ vs. QQQM - Expense Ratio Comparison

TDAQ has a 0.68% expense ratio, which is higher than QQQM's 0.15% expense ratio.

Dividends

TDAQ vs. QQQM - Dividend Comparison

TDAQ's dividend yield for the trailing twelve months is around 10.10%, more than QQQM's 0.41% yield.

Position	TTM	2025	2024	2023	2022	2021	2020
QQQM Invesco NASDAQ 100 ETF	0.41%	0.50%	0.61%	0.65%	0.83%	0.40%	0.16%
TDAQ TappAlpha Innovation 100 Growth & Daily Income ETF	10.10%	4.32%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both TDAQ and QQQM in my portfolio?

With a correlation of 0.95, TDAQ and QQQM 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 QQQM?

On fees, QQQM is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, TDAQ or QQQM?

QQQM is cheaper with a 0.15% expense ratio, compared with 0.68% for TDAQ.

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

TDAQ has the higher dividend yield at 10.10%, compared with 0.41% for QQQM.

What is the main difference between TDAQ and QQQM?

TDAQ is categorized as Derivative Income, while QQQM is Nasdaq-100. They also come from different issuers: TappAlpha and Invesco. Their fees differ too: 0.68% for TDAQ and 0.15% for QQQM.