TDAQ vs. TDAX

Last updated Jun 24, 2026

TDAQ (TappAlpha Innovation 100 Growth & Daily Income ETF) and TDAX (TDAQ Lift ETF) are both exchange-traded funds - TDAQ is a Derivative Income fund actively managed by TappAlpha, while TDAX is a Leveraged Equities fund actively managed by TappAlpha. Both are actively managed. Their correlation of 0.94 suggests significant overlap in exposure. TDAQ charges 0.83%/yr vs 0.98%/yr for TDAX.

Performance

TDAQ vs. TDAX - Performance Comparison

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

Returns By Period

TDAQ

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

TDAX

• 1D: -4.29%
• 1M: -2.95%
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

TDAQ vs. TDAX - Yearly Performance Comparison

	2026 (YTD)
TDAQ TappAlpha Innovation 100 Growth & Daily Income ETF	13.00%
TDAX TDAQ Lift ETF	13.76%

Correlation

The correlation between TDAQ and TDAX 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 Jan 7, 2026	0.94

Return for Risk

TDAQ vs. TDAX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for TappAlpha Innovation 100 Growth & Daily Income ETF (TDAQ) and TDAQ Lift ETF (TDAX). 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.

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

Drawdowns

TDAQ vs. TDAX - Drawdown Comparison

The maximum TDAQ drawdown since its inception was -11.31%, smaller than the maximum TDAX drawdown of -14.69%. Use the drawdown chart below to compare losses from any high point for TDAQ and TDAX.

Drawdown Indicators

	TDAQ	TDAX	Difference
Max Drawdown Largest peak-to-trough decline	-11.31%	-14.69%	+3.38%
Current Drawdown Current decline from peak	-4.84%	-6.56%	+1.72%
Average Drawdown Average peak-to-trough decline	-2.34%	-3.75%	+1.41%

Volatility

Volatility by Period

	TDAQ	TDAX	Difference
Volatility (1Y) Calculated over the trailing 1-year period	18.52%	27.01%	-8.49%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.52%	27.01%	-8.49%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.52%	27.01%	-8.49%

TDAQ vs. TDAX - Expense Ratio Comparison

TDAQ has a 0.83% expense ratio, which is lower than TDAX's 0.98% expense ratio.

Dividends

TDAQ vs. TDAX - Dividend Comparison

TDAQ's dividend yield for the trailing twelve months is around 12.14%, more than TDAX's 8.91% yield.

Position	TTM	2025
TDAQ TappAlpha Innovation 100 Growth & Daily Income ETF	12.14%	4.32%
TDAX TDAQ Lift ETF	8.91%	0.00%

Frequently Asked Questions

Can I hold both TDAQ and TDAX in my portfolio?

With a correlation of 0.94, TDAQ and TDAX 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 TDAX?

On fees, TDAQ is cheaper at 0.83% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, TDAQ or TDAX?

TDAQ is cheaper with a 0.83% expense ratio, compared with 0.98% for TDAX.

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

TDAQ has the higher dividend yield at 12.14%, compared with 8.91% for TDAX.

What is the main difference between TDAQ and TDAX?

TDAQ is categorized as Derivative Income, while TDAX is Leveraged Equities. Their fees differ too: 0.83% for TDAQ and 0.98% for TDAX.