Dividend comparison

QQQM vs TDAQ: Which Is Better?

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

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QQQM vs TDAQ: key differences
The short answer, from the latest data on this page.
  • Fees. QQQM is cheaper at 0.15% a year versus 0.68% for TDAQ. On $10,000 that is $53 a year less in fees.
  • Income. TDAQ pays more income, yielding 17.25% over the last twelve months versus 0.45% for QQQM. That is about $1,681 more a year on $10,000. QQQM pays quarterly, TDAQ pays monthly.
  • Performance. Over the last 1 year, QQQM returned 17.4% versus 0.5% for TDAQ, with dividends reinvested. $10,000 would have grown to $11,741 in QQQM and $10,050 in TDAQ.
  • Risk. QQQM has been the bumpier ride. Its worst peak-to-trough decline over the last 1 year was -35.0%, against -16.0% for TDAQ.
  • Diversification. TDAQ holds 104 positions and QQQM holds 103. The ten largest positions make up 47.2% of QQQM and 143.6% of TDAQ.
  • Overlap. 98% of the two portfolios overlap by weight, across 95 shared holdings. Owning both adds little diversification.
  • Size. QQQM is the larger fund with $108.6 billion in assets, against $452 million for TDAQ.

Bottom line: QQQM fits better if you care most about lower fees and stronger 1-year returns. TDAQ fits better if you care most about more income today and smaller drawdowns. With 98% 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.
MetricQQQM
Invesco NASDAQ 100 ETF
TDAQ
TappAlpha Innovation 100 Growth & Daily Income ETF
Dividend yield (TTM)0.45%17.25%
Dividend / share (TTM)$1.32$4.50
Payout frequencyQuarterlyMonthly
Last dividend$0.3127 on Sep 25, 2026$0.3825 on Oct 21, 2026
Ex-dividend dateSep 21, 2026Sep 15, 2026
Dividend growth (CAGR)17.8% over 4 yrs—
Price$295.59$26.11
Beta1.231.41
Max drawdown (5Y)-35.0%-16.0%
Market cap$78.87B$10.3M
ExchangeNASDAQCBOE
Expense ratio0.15%0.68%
Assets under management$108.58B$452.3M
Number of holdings103104
Top 10 concentration47.2%143.6%
Income on a $10,000 investment
Illustrative only — assumes current TTM yield stays constant. Actual distributions change.

QQQM

$3.71/mo

$45 /yr at 0.45% yield

TDAQ

$143.77/mo

$1725 /yr at 17.25% yield

Dividend history
Total dividends paid per share in each calendar year. QQQM pays quarterly; TDAQ pays monthly.
YearQQQMTDAQ
2025$1.2592—
2024$1.2755—
2023$1.0965—
2022$0.9145—
2021$0.6549—
Strategy: Broad index
Low-cost funds that hold an entire market or index at market-cap weights and make no attempt to select securities. Return is the index return less a small fee, and dividends are a by-product of what the underlying companies choose to pay rather than an objective of the strategy. Differences between funds tracking the same index usually come down to fee, wrapper structure, share price and trading liquidity, not to holdings.

Current income is low and outside your control, so these need pairing with something else if the portfolio has to produce cash today.

What QQQM vs TDAQ actually do

QQQM
Invesco's cheaper Nasdaq-100 fund, holding the same index as QQQ and aimed at buy-and-hold investors.

Launched in 2020 as an open-end fund, it holds identical constituents at identical weights to its older sibling and charges a lower expense ratio. The gap in fee is small in any one year but compounds across a long holding period, which is the entire reason the fund exists. What it gives up is trading depth: spreads are wider and the options market on it is thin next to QQQ's.

Suits a long-term holder accumulating Nasdaq-100 exposure inside a retirement or taxable account. Not the right choice for active traders or anyone writing options against the position.

Growth-tilted core, concentrated

Performance
Total returns with dividends reinvested, from the adjusted closing price series. $10,000 invested on Sep 4, 2025 would now be worth $12,499 in QQQM and $10,754 in TDAQ.
PeriodQQQMTDAQ
1 month-0.34%-2.50%
3 months3.24%-1.21%
Year to date16.87%0.15%
1 year17.41%0.50%
3 years105.29%—
5 years96.99%—
  • QQQM
  • TDAQ
9111313520252026125108

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.
  • QQQM
  • TDAQ
0%15%30%45%60%Technology58.8%60.1%Communication Services12.1%12.7%Consumer Cyclical10.2%10.1%Consumer Defensive6.1%5.7%Industrials5.5%5.1%Healthcare4.4%3.8%Utilities1.1%1.0%Basic Materials1.0%0.9%Energy0.5%0.5%Financial Services0.3%0.2%Other0.1%0.1%
QQQM vs TDAQ holdings overlap
98% overlap by weight, with 95 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 holdingsQQQM weightTDAQ weight
NVDANVIDIA Corp8.17%8.13%
AAPLApple Inc7.82%7.90%
MSFTMicrosoft Corp6.19%6.19%
MUMicron Technology Inc4.41%4.32%
AMZNAmazon.com Inc4.42%4.24%
AMDAdvanced Micro Devices Inc3.79%3.75%
METAMeta Platforms Inc3.28%3.32%
GOOGLAlphabet Inc3.15%3.15%
GOOGAlphabet Inc2.94%2.94%
TSLATesla Inc3.02%2.93%
Top 10 holdings
Largest positions by portfolio weight.

QQQM103 holdings total

NameWeight
NVDANVIDIA Corp8.17%
AAPLApple Inc7.82%
MSFTMicrosoft Corp6.19%
AMZNAmazon.com Inc4.42%
MUMicron Technology Inc4.41%
AMDAdvanced Micro Devices Inc3.79%
METAMeta Platforms Inc3.28%
GOOGLAlphabet Inc3.15%
TSLATesla Inc3.02%
GOOGAlphabet Inc2.94%

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

QQQM fits better if you care most about lower fees and stronger 1-year returns. TDAQ fits better if you care most about more income today and smaller drawdowns. With 98% 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 QQQM or TDAQ better for dividend income?
It depends on your goals. QQQM currently yields 0.45% 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 QQQM and TDAQ?
Invesco NASDAQ 100 ETF (QQQM) 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, QQQM or TDAQ?
QQQM has the lower expense ratio. QQQM charges 0.15% a year and TDAQ charges 0.68%, a difference of $53 a year on a $10,000 investment.
Which has performed better, QQQM or TDAQ?
Over the last 1 year, QQQM has the higher total return with dividends reinvested: QQQM returned 17.4% and TDAQ returned 0.5%. Past performance does not predict future returns.
Which is riskier, QQQM or TDAQ?
Measured by the worst peak-to-trough decline over the last five years, QQQM has been riskier: QQQM fell as much as 35.0% and TDAQ as much as 16.0%. Their betas are 1.23 and 1.41.
How much do QQQM and TDAQ overlap?
About 98% of the two portfolios overlap by weight, across 95 shared holdings. The largest shared positions are NVDA, AAPL, MSFT. Holding both adds little diversification.
How often do QQQM and TDAQ pay dividends?
QQQM pays quarterly and TDAQ pays monthly.
How much income does $10,000 in QQQM vs TDAQ generate?
At current TTM yields, $10,000 in QQQM would generate roughly $3.71 per month ($45 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 QQQM 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 QQQM vs TDAQ with my full portfolio?
Create a free Dividend Wealth account to import or enter holdings, forecast dividend income, and see how QQQM 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.