TDAX vs. TDAQ

Last updated Jun 4, 2026

TDAX (TDAQ Lift ETF) and TDAQ (TappAlpha Innovation 100 Growth & Daily Income ETF) are both exchange-traded funds - TDAX is a Leveraged Equities fund actively managed by TappAlpha, while TDAQ is a Derivative Income fund actively managed by TappAlpha. Both are actively managed. Their correlation of 0.92 suggests significant overlap in exposure. TDAX charges 0.98%/yr vs 0.68%/yr for TDAQ.

Performance

TDAX vs. TDAQ - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in TDAQ Lift ETF (TDAX) and TappAlpha Innovation 100 Growth & Daily Income ETF (TDAQ). 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*: —

TDAQ

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

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

TDAX vs. TDAQ - Yearly Performance Comparison

	2026 (YTD)
TDAX TDAQ Lift ETF	21.51%
TDAQ TappAlpha Innovation 100 Growth & Daily Income ETF	18.50%

Correlation

The correlation between TDAX and TDAQ is 0.92, 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	0.92

Return for Risk

TDAX vs. TDAQ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for TDAQ Lift ETF (TDAX) and TappAlpha Innovation 100 Growth & Daily Income ETF (TDAQ). 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	TDAQ	Difference
Sharpe Ratio (All Time) Calculated using the full available price history	2.65	2.55	+0.10

Drawdowns

TDAX vs. TDAQ - Drawdown Comparison

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

Drawdown Indicators

	TDAX	TDAQ	Difference
Max Drawdown Largest peak-to-trough decline	-14.69%	-11.31%	-3.38%
Current Drawdown Current decline from peak	-0.07%	-0.48%	+0.41%
Average Drawdown Average peak-to-trough decline	-3.71%	-2.25%	-1.46%

Volatility

Volatility by Period

	TDAX	TDAQ	Difference
Volatility (1Y) Calculated over the trailing 1-year period	23.71%	17.14%	+6.57%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	23.71%	17.14%	+6.57%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	23.71%	17.14%	+6.57%

TDAX vs. TDAQ - Expense Ratio Comparison

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

Dividends

TDAX vs. TDAQ - Dividend Comparison

TDAX's dividend yield for the trailing twelve months is around 7.40%, less than TDAQ's 10.10% yield.

Position	TTM	2025
TDAQ TappAlpha Innovation 100 Growth & Daily Income ETF	10.10%	4.32%
TDAX TDAQ Lift ETF	7.40%	0.00%

Frequently Asked Questions

Can I hold both TDAX and TDAQ in my portfolio?

With a correlation of 0.92, TDAX and TDAQ 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 TDAQ?

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, TDAX or TDAQ?

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

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

TDAQ has the higher dividend yield at 10.10%, compared with 7.40% for TDAX.

What is the main difference between TDAX and TDAQ?

TDAX is categorized as Leveraged Equities, while TDAQ is Derivative Income. Their fees differ too: 0.98% for TDAX and 0.68% for TDAQ.