Dividend comparison
TDAQ vs TSPY: Which Is Better?
Fees, yield, total returns, drawdowns, holdings overlap and dividend history for TappAlpha Innovation 100 Growth & Daily Income ETF and TappAlpha SPY Growth & Daily Income ETF, side by side. Updated October 21, 2026.
TDAQ vs TSPY: key differences
The short answer, from the latest data on this page.
- Fees. TDAQ is cheaper at 0.68% a year versus 0.71% for TSPY. On $10,000 that is $3 a year less in fees.
- Income. TDAQ pays more income, yielding 17.25% over the last twelve months versus 14.08% for TSPY. That is about $317 more a year on $10,000. Both pay monthly.
- Performance. Over the last 1 year, TSPY returned 2.0% versus 0.5% for TDAQ, with dividends reinvested. $10,000 would have grown to $10,197 in TSPY and $10,050 in TDAQ.
- Risk. Their worst declines over the last 1 year were similar: -16.0% for TDAQ and -18.0% for TSPY from peak to trough.
- Diversification. TDAQ holds 104 positions and TSPY holds 4. The ten largest positions make up 143.6% of TDAQ and 99.8% of TSPY.
- Overlap. TDAQ and TSPY share no holdings, so they behave as separate building blocks.
Bottom line: TDAQ has the edge on these figures, with lower fees, more income today and broader diversification. TSPY does not lead on any of the measures compared here.
Side-by-side snapshot
Trailing twelve-month figures where available. Higher yield is highlighted — not a buy recommendation.
| Metric | TDAQ TappAlpha Innovation 100 Growth & Daily Income ETF | TSPY TappAlpha SPY Growth & Daily Income ETF |
|---|---|---|
| Dividend yield (TTM) | 17.25% | 14.08% |
| Dividend / share (TTM) | $4.50 | $3.57 |
| Payout frequency | Monthly | Monthly |
| Last dividend | $0.3825 on Oct 21, 2026 | $0.2968 on Oct 7, 2026 |
| Ex-dividend date | Sep 15, 2026 | Oct 6, 2026 |
| Price | $26.11 | $25.32 |
| Beta | 1.41 | 1.04 |
| Max drawdown (5Y) | -16.0% | -18.0% |
| Market cap | $10.3M | $118.0M |
| Exchange | CBOE | NASDAQ |
| Expense ratio | 0.68% | 0.71% |
| Assets under management | $452.3M | $358.9M |
| Number of holdings | 104 | 4 |
| Top 10 concentration | 143.6% | 99.8% |
Income on a $10,000 investment
Illustrative only — assumes current TTM yield stays constant. Actual distributions change.
TDAQ
$143.77/mo
$1725 /yr at 17.25% yield
TSPY
$117.33/mo
$1408 /yr at 14.08% yield
Dividend history
Total dividends paid per share in each calendar year. TDAQ pays monthly; TSPY pays monthly.
| Year | TDAQ | TSPY |
|---|---|---|
| 2025 | — | $3.4921 |
Strategy: Sector and thematic
Funds that hold a single industry or theme, such as technology, semiconductors, healthcare or energy. Funds covering the same sector can still differ in concentration rules: some cap the largest positions while others let the biggest companies take a quarter of the fund. Sector funds are usually used to tilt a portfolio rather than as its core.
A single sector can fall far further than the broad market and stay down for years, and the largest names often dominate the fund.
Performance
Total returns with dividends reinvested, from the adjusted closing price series. $10,000 invested on Sep 4, 2025 would now be worth $10,754 in TDAQ and $10,563 in TSPY.
| Period | TDAQ | TSPY |
|---|---|---|
| 1 month | -2.50% | 0.00% |
| 3 months | -1.21% | 0.32% |
| Year to date | 0.15% | -0.71% |
| 1 year | 0.50% | 1.97% |
| 3 years | — | — |
| 5 years | — | — |
- TDAQ
- TSPY
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.
- TDAQ
- TSPY
TDAQ vs TSPY holdings overlap
0% overlap by weight, with 0 holdings in common. Overlap adds up the smaller of the two weights for every stock both funds own, so 100% would mean identical portfolios.
Top 10 holdings
Largest positions by portfolio weight.
TDAQ104 holdings total
Quick verdict
TDAQ has the edge on these figures, with lower fees, more income today and broader diversification. TSPY does not lead on any of the measures compared here. Model the holding inside your real portfolio before deciding.
Still deciding? Compare them in your portfolio
Forecast dividend income, track payouts, and see how TDAQ vs TSPY fits with the rest of your holdings. Free to start — no credit card required for the trial.
Frequently asked questions
Is TDAQ or TSPY better for dividend income?
It depends on your goals. TDAQ currently yields 17.25% Trailing Twelve Months (TTM) while TSPY yields 14.08%. 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 TDAQ and TSPY?
TappAlpha Innovation 100 Growth & Daily Income ETF (TDAQ) is an ETF listed on CBOE. TappAlpha SPY Growth & Daily Income ETF (TSPY) is an ETF listed on NASDAQ. Side-by-side metrics on this page cover yield, fees, returns, drawdowns, holdings overlap and dividend history when available.
Which is cheaper, TDAQ or TSPY?
TDAQ has the lower expense ratio. TDAQ charges 0.68% a year and TSPY charges 0.71%, a difference of $3 a year on a $10,000 investment.
Which has performed better, TDAQ or TSPY?
Over the last 1 year, TSPY has the higher total return with dividends reinvested: TDAQ returned 0.5% and TSPY returned 2.0%. Past performance does not predict future returns.
Which is riskier, TDAQ or TSPY?
Measured by the worst peak-to-trough decline over the last five years, TSPY has been riskier: TDAQ fell as much as 16.0% and TSPY as much as 18.0%. Their betas are 1.41 and 1.04.
How often do TDAQ and TSPY pay dividends?
Both pay monthly. The most recent payments were $0.3825 for TDAQ and $0.2968 for TSPY.
How much income does $10,000 in TDAQ vs TSPY generate?
At current TTM yields, $10,000 in TDAQ would generate roughly $143.77 per month ($1725 annually). The same amount in TSPY would produce about $117.33 per month ($1408 annually). Actual payouts vary with distribution changes and reinvestment.
Can I hold both TDAQ and TSPY?
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 TDAQ vs TSPY with my full portfolio?
Create a free Dividend Wealth account to import or enter holdings, forecast dividend income, and see how TDAQ and TSPY 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.