XQQI vs. TDAQ

Last updated Jul 23, 2026

XQQI (NEOS Boosted Nasdaq-100 High Income ETF) and TDAQ (TappAlpha Innovation 100 Growth & Daily Income ETF) are both exchange-traded funds - XQQI is a Nasdaq-100 fund actively managed by NEOS, while TDAQ is a Derivative Income fund actively managed by TappAlpha. Both are actively managed. Their correlation of 0.95 suggests significant overlap in exposure. XQQI charges 0.98%/yr vs 0.83%/yr for TDAQ.

Performance

XQQI vs. TDAQ - Performance Comparison

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

Returns By Period

XQQI

• 1D: -0.59%
• 1M: -5.67%
• 6M: —
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: —

TDAQ

• 1D: -0.35%
• 1M: -3.72%
• 6M: 13.62%
• YTD: 13.77%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: —

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
TDAQ TappAlpha Innovation 100 Growth & Daily Income ETF	$7.58M	$6.53M	$6.32M
XQQI NEOS Boosted Nasdaq-100 High Income ETF	$13.05M	$14.70M	$14.38M

XQQI vs. TDAQ - Yearly Performance Comparison

	2026 (YTD)
XQQI NEOS Boosted Nasdaq-100 High Income ETF	8.75%
TDAQ TappAlpha Innovation 100 Growth & Daily Income ETF	12.01%

Correlation

The correlation between XQQI and TDAQ 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 Feb 3, 2026	0.95

Return for Risk

XQQI vs. TDAQ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for NEOS Boosted Nasdaq-100 High Income ETF (XQQI) 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.

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

XQQI vs. TDAQ - Drawdown Comparison

The maximum XQQI drawdown since its inception was -13.55%, which is greater than TDAQ's maximum drawdown of -11.31%. Use the drawdown chart below to compare losses from any high point for XQQI and TDAQ.

Drawdown Indicators

	XQQI	TDAQ	Difference
Max Drawdown Largest peak-to-trough decline	-13.55%	-11.31%	-2.24%
Current Drawdown Current decline from peak	-6.76%	-5.75%	-1.01%
Average Drawdown Average peak-to-trough decline	-3.33%	-2.57%	-0.76%

Volatility

Volatility by Period

	XQQI	TDAQ	Difference
Volatility (1Y) Calculated over the trailing 1-year period	27.19%	18.88%	+8.31%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	27.19%	18.88%	+8.31%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	27.19%	18.88%	+8.31%

XQQI vs. TDAQ - Expense Ratio Comparison

XQQI has a 0.98% expense ratio, which is higher than TDAQ's 0.83% expense ratio.

Dividends

XQQI vs. TDAQ - Dividend Comparison

XQQI's dividend yield for the trailing twelve months is around 10.33%, less than TDAQ's 13.89% yield.

Position	TTM	2025
TDAQ TappAlpha Innovation 100 Growth & Daily Income ETF	13.89%	4.32%
XQQI NEOS Boosted Nasdaq-100 High Income ETF	10.33%	0.00%

Frequently Asked Questions

Can I hold both XQQI and TDAQ in my portfolio?

With a correlation of 0.95, XQQI 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, XQQI or TDAQ?

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, XQQI or TDAQ?

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

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

TDAQ has the higher dividend yield at 13.89%, compared with 10.33% for XQQI.

What is the main difference between XQQI and TDAQ?

XQQI is categorized as Nasdaq-100, while TDAQ is Derivative Income. They also come from different issuers: NEOS and TappAlpha. Their fees differ too: 0.98% for XQQI and 0.83% for TDAQ.