Dividend comparison

QQQI vs TDAQ: Which Is Better for Income?

Fees, yield, total returns, drawdowns, holdings overlap and dividend history for NEOS Nasdaq-100 High Income ETF and TappAlpha Innovation 100 Growth & Daily Income ETF, side by side. Updated October 21, 2026.

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QQQI vs TDAQ: key differences
The short answer, from the latest data on this page.
  • Fees. Both charge about 0.68% a year, so cost is not what separates them.
  • Income. TDAQ pays more income, yielding 17.25% over the last twelve months versus 14.11% for QQQI. That is about $314 more a year on $10,000. Both pay monthly.
  • Performance. Over the last 1 year, QQQI returned 0.7% versus 0.5% for TDAQ, with dividends reinvested. $10,000 would have grown to $10,069 in QQQI and $10,050 in TDAQ.
  • Risk. QQQI has been the bumpier ride. Its worst peak-to-trough decline over the last 1 year was -20.0%, against -16.0% for TDAQ.
  • Diversification. TDAQ holds 104 positions and QQQI holds 10. The ten largest positions make up 47.0% of QQQI and 143.6% of TDAQ.
  • Overlap. 97% of the two portfolios overlap by weight, across 97 shared holdings. Owning both adds little diversification.
  • Size. QQQI is the larger fund with $15.1 billion in assets, against $452 million for TDAQ.

Bottom line: TDAQ has the edge on these figures, with more income today, smaller drawdowns and broader diversification. QQQI does not lead on any of the measures compared here. With 97% overlap, most investors would hold one or the other rather than both.

Side-by-side snapshot
Trailing twelve-month figures where available. Higher yield is highlighted — not a buy recommendation.
MetricQQQI
NEOS Nasdaq-100 High Income ETF
TDAQ
TappAlpha Innovation 100 Growth & Daily Income ETF
Dividend yield (TTM)14.11%17.25%
Dividend / share (TTM)$7.64$4.50
Payout frequencyMonthlyMonthly
Last dividend$0.6339 on Sep 18, 2026$0.3825 on Oct 21, 2026
Ex-dividend dateSep 16, 2026Sep 15, 2026
Price$54.16$26.11
Beta0.931.41
Max drawdown (5Y)-20.0%-16.0%
Market cap$14.89B$10.3M
ExchangeNASDAQCBOE
Expense ratio0.68%0.68%
Assets under management$15.08B$452.3M
Number of holdings10104
Top 10 concentration47.0%143.6%
Income on a $10,000 investment
Illustrative only — assumes current TTM yield stays constant. Actual distributions change.

QQQI

$117.57/mo

$1411 /yr at 14.11% yield

TDAQ

$143.77/mo

$1725 /yr at 17.25% yield

Dividend history
Total dividends paid per share in each calendar year. QQQI pays monthly; TDAQ pays monthly.
YearQQQITDAQ
2025$7.4435—
Strategy: Options income
These funds own equities and sell call options against them, converting a share of future price appreciation into cash paid out now. How much upside is surrendered depends on the design: writing at the money on the whole portfolio pays the most and keeps the least, while writing on a partial slice or using purchased offsets keeps more of a rally. Distributions come mainly from option premium rather than from company dividends, so the headline yield is not comparable to a dividend fund's.

Payouts are variable rather than contractual, are often taxed as ordinary income, and a fund that pays out more than the strategy earns will see its net asset value drift down over time.

What QQQI vs TDAQ actually do

QQQI
The Nasdaq-100 counterpart to NEOS's S&P 500 income fund, holding the index and writing NDX index options for monthly distributions.

It owns Nasdaq-100 constituents and applies the same call strategy of sold and purchased index options, sized actively rather than as a fixed full overwrite. Nasdaq-100 volatility is structurally higher, so the option premium collected is larger and the monthly distribution is bigger than the S&P 500 version. NDX options are also section 1256 contracts, so the same 60/40 tax treatment and loss-harvesting mechanics apply.

Suits someone who wants technology-heavy exposure converted into monthly cash with attention paid to tax character. A poor fit if you are holding the Nasdaq-100 specifically to compound growth, because the call overlay gives away the tail of exactly the rallies that index is bought for.

Aggressive tax-aware income

Performance
Total returns with dividends reinvested, from the adjusted closing price series. $10,000 invested on Sep 4, 2025 would now be worth $10,562 in QQQI and $10,754 in TDAQ.
PeriodQQQITDAQ
1 month-0.42%-2.50%
3 months-0.09%-1.21%
Year to date0.56%0.15%
1 year0.69%0.50%
3 years——
5 years——
  • QQQI
  • TDAQ
9210712220252026106108

Both series indexed to 100 on 2025-09-04 using the adjusted closing price series. Past performance does not guarantee future results.

Sector allocation
Weight of each sector within the fund. Sectors are aligned on the same row so the two funds can be read against each other directly.
  • QQQI
  • TDAQ
0%15%31%46%61%Technology61.2%60.1%Communication Services12.7%12.7%Consumer Cyclical10.1%10.1%Consumer Defensive5.6%5.7%Industrials3.8%5.1%Healthcare3.9%3.8%Utilities1.0%1.0%Basic Materials0.9%0.9%Energy0.5%0.5%Financial Services0.2%0.2%Other0.1%0.1%
QQQI vs TDAQ holdings overlap
97% overlap by weight, with 97 holdings in common. Overlap adds up the smaller of the two weights for every stock both funds own, so 100% would mean identical portfolios.
Largest shared holdingsQQQI weightTDAQ weight
NVDANVIDIA Corp8.20%8.13%
AAPLApple Inc7.81%7.90%
MSFTMicrosoft Corp6.11%6.19%
MUMicron Technology Inc4.40%4.32%
AMZNAmazon.com Inc4.47%4.24%
AMDAdvanced Micro Devices Inc3.81%3.75%
METAMeta Platforms Inc3.25%3.32%
GOOGLAlphabet Inc3.13%3.15%
TSLATesla Inc2.96%2.93%
GOOGAlphabet Inc2.90%2.94%
Top 10 holdings
Largest positions by portfolio weight.

QQQI10 holdings total

NameWeight
NVDANVIDIA Corp8.20%
AAPLApple Inc7.81%
MSFTMicrosoft Corp6.11%
AMZNAmazon.com Inc4.47%
MUMicron Technology Inc4.40%
AMDAdvanced Micro Devices Inc3.81%
METAMeta Platforms Inc3.25%
GOOGLAlphabet Inc3.13%
TSLATesla Inc2.96%
GOOGAlphabet Inc2.90%

TDAQ104 holdings total

NameWeight
QQQMInvesco Nasdaq 100 ETF99.66%
NVDANVIDIA Corp8.13%
AAPLApple Inc7.90%
MSFTMicrosoft Corp6.19%
MUMicron Technology Inc4.32%
AMZNAmazon.com Inc4.24%
AMDAdvanced Micro Devices Inc3.75%
METAMeta Platforms Inc3.32%
GOOGLAlphabet Inc3.15%
GOOGAlphabet Inc2.94%

Quick verdict

TDAQ has the edge on these figures, with more income today, smaller drawdowns and broader diversification. QQQI does not lead on any of the measures compared here. With 97% overlap, most investors would hold one or the other rather than both. Model the holding inside your real portfolio before deciding.

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Frequently asked questions

Is QQQI or TDAQ better for dividend income?
It depends on your goals. QQQI currently yields 14.11% Trailing Twelve Months (TTM) while TDAQ yields 17.25%. Higher yield means more current income per dollar invested, but may come with different risk, growth, or NAV characteristics. Compare total return and payout sustainability — not just the headline yield.
What is the difference between QQQI and TDAQ?
NEOS Nasdaq-100 High Income ETF (QQQI) is an ETF listed on NASDAQ. TappAlpha Innovation 100 Growth & Daily Income ETF (TDAQ) is an ETF listed on CBOE. Side-by-side metrics on this page cover yield, fees, returns, drawdowns, holdings overlap and dividend history when available.
Which is cheaper, QQQI or TDAQ?
They cost about the same: QQQI charges 0.68% a year and TDAQ charges 0.68%.
Which has performed better, QQQI or TDAQ?
Over the last 1 year, QQQI has the higher total return with dividends reinvested: QQQI returned 0.7% and TDAQ returned 0.5%. Past performance does not predict future returns.
Which is riskier, QQQI or TDAQ?
Measured by the worst peak-to-trough decline over the last five years, QQQI has been riskier: QQQI fell as much as 20.0% and TDAQ as much as 16.0%. Their betas are 0.93 and 1.41.
How much do QQQI and TDAQ overlap?
About 97% of the two portfolios overlap by weight, across 97 shared holdings. The largest shared positions are NVDA, AAPL, MSFT. Holding both adds little diversification.
How often do QQQI and TDAQ pay dividends?
Both pay monthly. The most recent payments were $0.6339 for QQQI and $0.3825 for TDAQ.
How much income does $10,000 in QQQI vs TDAQ generate?
At current TTM yields, $10,000 in QQQI would generate roughly $117.57 per month ($1411 annually). The same amount in TDAQ would produce about $143.77 per month ($1725 annually). Actual payouts vary with distribution changes and reinvestment.
Can I hold both QQQI and TDAQ?
Yes. Many income investors hold both to diversify strategy or index exposure. Whether the combination actually diversifies depends on overlapping holdings and factor exposure. Model both inside Dividend Wealth to see combined income, sector mix, and forecast impact.
Where can I compare QQQI vs TDAQ with my full portfolio?
Create a free Dividend Wealth account to import or enter holdings, forecast dividend income, and see how QQQI and TDAQ fit alongside the rest of your portfolio. A 14-day free trial of Standard is available with no credit card required; a limited Free plan is also available.

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For informational and educational purposes only. Not investment advice. Past performance and current yields do not guarantee future results. Verify figures independently before making investment decisions.