TDAQ vs. XQQI

Last updated Jun 4, 2026

TDAQ (TappAlpha Innovation 100 Growth & Daily Income ETF) and XQQI (NEOS Boosted Nasdaq-100 High Income ETF) are both exchange-traded funds - TDAQ is a Derivative Income fund actively managed by TappAlpha, while XQQI is a Nasdaq-100 fund actively managed by NEOS. Both are actively managed. Their correlation of 0.93 suggests significant overlap in exposure. TDAQ charges 0.68%/yr vs 0.98%/yr for XQQI.

Performance

TDAQ vs. XQQI - 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 Boosted Nasdaq-100 High Income ETF (XQQI). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

TDAQ

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

XQQI

• 1D: -0.59%
• 1M: 9.52%
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

TDAQ vs. XQQI - Yearly Performance Comparison

	2026 (YTD)
TDAQ TappAlpha Innovation 100 Growth & Daily Income ETF	21.11%
XQQI NEOS Boosted Nasdaq-100 High Income ETF	18.14%

Correlation

The correlation between TDAQ and XQQI is 0.93, 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 Feb 4, 2026	0.93

Return for Risk

TDAQ vs. XQQI - 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 Boosted Nasdaq-100 High Income ETF (XQQI). 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	XQQI	Difference
Sharpe Ratio (All Time) Calculated using the full available price history	2.55	2.97	-0.42

Drawdowns

TDAQ vs. XQQI - Drawdown Comparison

The maximum TDAQ drawdown since its inception was -11.31%, smaller than the maximum XQQI drawdown of -12.53%. Use the drawdown chart below to compare losses from any high point for TDAQ and XQQI.

Drawdown Indicators

	TDAQ	XQQI	Difference
Max Drawdown Largest peak-to-trough decline	-11.31%	-12.53%	+1.22%
Current Drawdown Current decline from peak	-0.48%	-0.59%	+0.11%
Average Drawdown Average peak-to-trough decline	-2.25%	-2.05%	-0.20%

Volatility

Volatility by Period

	TDAQ	XQQI	Difference
Volatility (1Y) Calculated over the trailing 1-year period	17.14%	22.32%	-5.18%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.14%	22.32%	-5.18%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.14%	22.32%	-5.18%

TDAQ vs. XQQI - Expense Ratio Comparison

TDAQ has a 0.68% expense ratio, which is lower than XQQI's 0.98% expense ratio.

Dividends

TDAQ vs. XQQI - Dividend Comparison

TDAQ's dividend yield for the trailing twelve months is around 10.10%, more than XQQI's 7.88% yield.

Position	TTM	2025
TDAQ TappAlpha Innovation 100 Growth & Daily Income ETF	10.10%	4.32%
XQQI NEOS Boosted Nasdaq-100 High Income ETF	7.88%	0.00%

Frequently Asked Questions

Can I hold both TDAQ and XQQI in my portfolio?

With a correlation of 0.93, TDAQ and XQQI 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 XQQI?

On fees, TDAQ is cheaper at 0.68% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, TDAQ or XQQI?

TDAQ is cheaper with a 0.68% expense ratio, compared with 0.98% for XQQI.

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

TDAQ has the higher dividend yield at 10.10%, compared with 7.88% for XQQI.

What is the main difference between TDAQ and XQQI?

TDAQ is categorized as Derivative Income, while XQQI is Nasdaq-100. They also come from different issuers: TappAlpha and NEOS. Their fees differ too: 0.68% for TDAQ and 0.98% for XQQI.