TDAX vs. QQQ

Last updated Jun 4, 2026

TDAX (TDAQ Lift ETF) and QQQ (Invesco QQQ ETF) are both exchange-traded funds - TDAX is a Leveraged Equities fund actively managed by TappAlpha, while QQQ is a Nasdaq-100 fund tracking the NASDAQ-100 Index. TDAX is actively managed, while QQQ is passively managed. With a 0.96 correlation, they move nearly in lockstep. TDAX charges 0.98%/yr vs 0.18%/yr for QQQ.

Performance

TDAX vs. QQQ - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in TDAQ Lift ETF (TDAX) and Invesco QQQ ETF (QQQ). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

TDAX

• 1D: -0.07%
• 1M: 13.80%
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

QQQ

• 1D: -0.26%
• 1M: 10.60%
• YTD: 21.30%
• 6M: 19.66%
• 1Y: 41.82%
• 3Y*: 28.78%
• 5Y*: 17.97%
• 10Y*: 21.94%

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

TDAX vs. QQQ - Yearly Performance Comparison

	2026 (YTD)
TDAX TDAQ Lift ETF	21.51%
QQQ Invesco QQQ ETF	19.41%

Correlation

The correlation between TDAX and QQQ is 0.96 - 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 Jan 8, 2026	0.96

Return for Risk

TDAX vs. QQQ — Risk / Return Rank

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

QQQ

QQQ Risk / Return Rank: 73
QQQ Sharpe Ratio Rank: 79
QQQ Sortino Ratio Rank: 75
QQQ Omega Ratio Rank: 74
QQQ Calmar Ratio Rank: 69
QQQ 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.

TDAX vs. QQQ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for TDAQ Lift ETF (TDAX) and Invesco QQQ ETF (QQQ). 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

	TDAX	QQQ	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	2.64	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.81	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.99	—
Sharpe Ratio (All Time) Calculated using the full available price history	2.65	0.41	+2.24

Drawdowns

TDAX vs. QQQ - Drawdown Comparison

The maximum TDAX drawdown since its inception was -14.69%, smaller than the maximum QQQ drawdown of -82.97%. Use the drawdown chart below to compare losses from any high point for TDAX and QQQ.

Drawdown Indicators

	TDAX	QQQ	Difference
Max Drawdown Largest peak-to-trough decline	-14.69%	-82.97%	+68.28%
Max Drawdown (1Y) Largest decline over 1 year	—	-11.96%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-22.77%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-35.12%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-35.12%	—
Current Drawdown Current decline from peak	-0.07%	-0.26%	+0.19%
Average Drawdown Average peak-to-trough decline	-3.71%	-32.79%	+29.08%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	3.11%	—

Volatility

Volatility by Period

	TDAX	QQQ	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	4.49%	—
Volatility (6M) Calculated over the trailing 6-month period	—	12.10%	—
Volatility (1Y) Calculated over the trailing 1-year period	23.71%	15.94%	+7.77%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	23.71%	22.38%	+1.33%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	23.71%	22.29%	+1.42%

TDAX vs. QQQ - Expense Ratio Comparison

TDAX has a 0.98% expense ratio, which is higher than QQQ's 0.18% expense ratio.

Dividends

TDAX vs. QQQ - Dividend Comparison

TDAX's dividend yield for the trailing twelve months is around 7.40%, more than QQQ's 0.38% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
QQQ Invesco QQQ ETF	0.38%	0.45%	0.56%	0.62%	0.80%	0.43%	0.55%	0.74%	0.91%	0.84%	1.06%	0.99%
TDAX TDAQ Lift ETF	7.40%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both TDAX and QQQ in my portfolio?

With a correlation of 0.96, TDAX and QQQ 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, TDAX or QQQ?

On fees, QQQ is cheaper at 0.18% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, TDAX or QQQ?

QQQ is cheaper with a 0.18% expense ratio, compared with 0.98% for TDAX.

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

TDAX has the higher dividend yield at 7.40%, compared with 0.38% for QQQ.

What is the main difference between TDAX and QQQ?

TDAX is categorized as Leveraged Equities, while QQQ is Nasdaq-100. They also come from different issuers: TappAlpha and Invesco. Their fees differ too: 0.98% for TDAX and 0.18% for QQQ.