TDAX vs. QQQI

Last updated Jun 4, 2026

TDAX (TDAQ Lift ETF) and QQQI (NEOS Nasdaq-100 High Income ETF) are both exchange-traded funds - TDAX is a Leveraged Equities fund actively managed by TappAlpha, while QQQI is a Nasdaq-100 fund actively managed by Neos. Both are actively managed. Their correlation of 0.95 suggests significant overlap in exposure. TDAX charges 0.98%/yr vs 0.68%/yr for QQQI.

Performance

TDAX vs. QQQI - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in TDAQ Lift ETF (TDAX) and NEOS Nasdaq-100 High Income ETF (QQQI). 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*: —

QQQI

• 1D: -0.17%
• 1M: 6.91%
• YTD: 13.43%
• 6M: 12.92%
• 1Y: 30.41%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

TDAX vs. QQQI - Yearly Performance Comparison

	2026 (YTD)
TDAX TDAQ Lift ETF	21.51%
QQQI NEOS Nasdaq-100 High Income ETF	12.26%

Correlation

The correlation between TDAX and QQQI is 0.95, 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 8, 2026	0.95

Return for Risk

TDAX vs. QQQI — Risk / Return Rank

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

QQQI

QQQI Risk / Return Rank: 68
QQQI Sharpe Ratio Rank: 70
QQQI Sortino Ratio Rank: 66
QQQI Omega Ratio Rank: 70
QQQI Calmar Ratio Rank: 63
QQQI Martin Ratio Rank: 74

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. QQQI - Risk-Adjusted Trends Comparison

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

Sharpe Ratios by Period

	TDAX	QQQI	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	2.35	—
Sharpe Ratio (All Time) Calculated using the full available price history	2.65	1.34	+1.32

Drawdowns

TDAX vs. QQQI - Drawdown Comparison

The maximum TDAX drawdown since its inception was -14.69%, smaller than the maximum QQQI drawdown of -20.00%. Use the drawdown chart below to compare losses from any high point for TDAX and QQQI.

Drawdown Indicators

	TDAX	QQQI	Difference
Max Drawdown Largest peak-to-trough decline	-14.69%	-20.00%	+5.31%
Max Drawdown (1Y) Largest decline over 1 year	—	-9.61%	—
Current Drawdown Current decline from peak	-0.07%	-0.17%	+0.10%
Average Drawdown Average peak-to-trough decline	-3.71%	-2.20%	-1.51%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	2.14%	—

Volatility

Volatility by Period

	TDAX	QQQI	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	2.68%	—
Volatility (6M) Calculated over the trailing 6-month period	—	9.85%	—
Volatility (1Y) Calculated over the trailing 1-year period	23.71%	12.98%	+10.73%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	23.71%	17.07%	+6.64%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	23.71%	17.07%	+6.64%

TDAX vs. QQQI - Expense Ratio Comparison

TDAX has a 0.98% expense ratio, which is higher than QQQI's 0.68% expense ratio.

Dividends

TDAX vs. QQQI - Dividend Comparison

TDAX's dividend yield for the trailing twelve months is around 7.40%, less than QQQI's 13.19% yield.

Position	TTM	2025	2024
QQQI NEOS Nasdaq-100 High Income ETF	13.19%	13.82%	12.85%
TDAX TDAQ Lift ETF	7.40%	0.00%	0.00%

Frequently Asked Questions

Can I hold both TDAX and QQQI in my portfolio?

With a correlation of 0.95, TDAX and QQQI 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 QQQI?

On fees, QQQI 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, TDAX or QQQI?

QQQI is cheaper with a 0.68% expense ratio, compared with 0.98% for TDAX.

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

QQQI has the higher dividend yield at 13.19%, compared with 7.40% for TDAX.

What is the main difference between TDAX and QQQI?

TDAX is categorized as Leveraged Equities, while QQQI is Nasdaq-100. They also come from different issuers: TappAlpha and Neos. Their fees differ too: 0.98% for TDAX and 0.68% for QQQI.