Data as of Oct 28, 2026.
QQQ vs TDAQ: Differences, Returns & Fees
Over the year to Oct 28, 2026, QQQ and TDAQ finished level, +15.2% against +15.2%, and QQQ charges 0.18% to TDAQ's 0.68%.
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Net assets: $483.0bn on Oct 27, 2026 for Invesco QQQ Trust, Series 1, and $248m on Jun 30, 2026 for TappAlpha Innovation 100 Growth & Daily Income ETF.
Pair scorecard
QQQ costs 0.50 points a year less; both returned +15.2% over a year.
| Measure | QQQ | TDAQ |
|---|---|---|
| Return | ||
| Total return, 1 year | +15.2% | +15.2% |
| Price change, 1 year | rose 14.6% | fell 2.9% |
| Latest payout, annualized | 17.4% | |
| Return of capital, issuer estimate | 98% of the Oct 21, 2026 payment | |
| Drawdown | ||
| Below its high | 4.5%, high on Oct 6, 2026 | |
| Benchmark | ||
| What it tracks | Nasdaq-100 Index | Benchmark: Nasdaq-100, measured through QQQ |
| Cost and size | ||
| Expense ratio | 0.18% | 0.68% |
| Net assets, QQQ as of Oct 27, 2026 and TDAQ as of Jun 30, 2026 | $483.0bn | $248m |
| Holdings | ||
| Holdings in common | 0% | |
| In the S&P 500, by weight | 96% | |
| Top ten holdings, share of the fund | 46.7% | |
Holdings in common uses holdings dated Jun 30, 2026 and Oct 27, 2026. Method
Risk and return
Sep 12, 2025 to Oct 23, 2026 · 58 weekly returnsEach against its own benchmark: QQQ against QQQM, Oct 23, 2020 to Oct 23, 2026; TDAQ against QQQ, Sep 12, 2025 to Oct 23, 2026.
QQQ and TDAQ returned about the same: +20.8% and +21.0%. TDAQ swung slightly less: 17.4% to 18.5%. TDAQ fell less at its worst: −9.2% to −10.3%.
Full scorecard
19 measures, with how each is measured Open ↓
| Measure | QQQ | TDAQ | Edge | How it is measured |
|---|---|---|---|---|
| Return | ||||
| Total return | +20.8% | +21.0% | Tie | Price change plus distributions, reinvested. |
| Annualized | +18.4% | +18.7% | Tie | Total return as a yearly rate. |
| Price return | +20.1% | +0.5% | QQQ | Price change alone, distributions left out. |
| Risk | ||||
| Volatility | 18.5% | 17.4% | TDAQ (slight) | Spread of weekly returns, annualized. Lower is steadier. |
| Downside deviation | 11.9% | 11.2% | TDAQ (slight) | Like volatility, counting only weeks below the Treasury bill rate. |
| Max drawdown | −10.3% | −9.2% | TDAQ | Deepest fall from a high to the low after it. |
| Upside capture | 100.4% | 93.0% | Share of its benchmark's rise caught in the weeks it rose. | |
| Downside capture | 100.2% | 96.2% | Share of its benchmark's fall taken in the weeks it fell. Lower is better. | |
| Beta | 1.00 | 0.92 | Not an edge | How far it moves for each 1% its benchmark moves. |
| R squared | 1.00 | 0.97 | Not an edge | Share of its weekly moves its benchmark explains. |
| Risk-adjusted | ||||
| Sharpe | 0.80 | 0.85 | TDAQ (slight) | Return above Treasury bills per unit of volatility. |
| Sortino | 1.24 | 1.32 | TDAQ (slight) | Return above Treasury bills per unit of downside deviation. |
| Treynor | 0.145 | 0.160 | Return above Treasury bills per unit of beta. | |
| Calmar | 1.78 | 2.04 | TDAQ | Annualized return divided by the max drawdown. |
| Against the benchmark | ||||
| Benchmark | QQQM | QQQ | The ETF each fund is measured against. | |
| Alpha | −0.1% a year | +1.1% a year | Not significant | Yearly return beyond what its beta to the benchmark predicts. |
| Alpha t-stat | −0.58 | 0.40 | Not an edge | How sure the alpha is. Below 2, it could be chance. |
| Alpha range | −0.4% to +0.2% | −4.4% to +6.6% | Includes zero | The 95% range for the yearly alpha. |
| Information ratio | −0.10 | −0.01 | Return against its benchmark per unit of tracking error. | |
| Tracking error | 0.4% | 3.2% | Not an edge | How far weekly returns stray from the benchmark, annualized. |
Computed by ETFIQ from Tiingo daily prices and ETFIQ's distribution records, 58 weekly returns. Cash rate: the 13-week Treasury bill.
What they share
By the books each fund has filed, QQQ and TDAQ hold 0% of their money in the same securities at the same weight. Holdings dated Jun 30, 2026 and Oct 27, 2026.
half
0% in common
Only in one fund ↓
Side by side
QQQ and TDAQ on the fields both publish, as of Oct 28, 2026. Source: ETFIQ. Cash paid: distributions over the window, as a share of the starting price.
No client brief for this pair: the two funds' holdings are dated 119 days apart.
QQQ
QQQ tracks the Nasdaq-100. Over the year to Oct 28, 2026 it returned +15.2% with distributions reinvested, against +15.2% for its benchmark, the Nasdaq-100 Index. The prospectus expense ratio is 0.18% a year. By its holdings published by its issuer for Oct 27, 2026, 96% of the fund by weight is stocks the S&P 500 also holds, across 103 positions, with the top ten at 46.7%. It sat 4.5% below its high of Oct 6, 2026 on Oct 28, 2026.
TDAQ
Over the year to Oct 28, 2026, TDAQ paid 16.5% of its starting value in cash distributions while its price fell 2.9%. With every distribution reinvested, the fund returned +15.2%. Nasdaq-100 (QQQ) returned +15.2% over the same days, so a holder was about even. At its price on Oct 28, 2026 the latest distribution annualizes to 17.4%, paid monthly. TappAlpha estimates that 98% of the distribution paid Oct 21, 2026 was a return of capital (its 19a-1 notice). That is a tax label, not a measure of erosion.
Questions people ask
- Are QQQ and TDAQ in the same category?
- QQQ is a stock ETF and TDAQ is an option-income ETF, so they do different jobs. The table compares what both publish: return, cost and holdings.
- Which returned more over the last year, QQQ or TDAQ?
- In the year to Oct 28, 2026, with distributions reinvested, QQQ returned +15.2% and TDAQ +15.2%.
- Which is cheaper, QQQ or TDAQ?
- QQQ is cheaper, by 0.50 percentage points a year. That is about $50 on $10,000 held for a year. Fees come from each fund's prospectus.
Links are sources, not endorsements. A comparison is not a recommendation.
How this is computed
Overlap adds up the smaller of the two weights for each security both funds hold.
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ETFIQ, QQQ against TDAQ, data as of Oct 28, 2026. https://etfiq.com/compare/any/qqq-vs-tdaq
ETFIQ. (Oct 28, 2026). QQQ against TDAQ. Retrieved from https://etfiq.com/compare/any/qqq-vs-tdaq
[QQQ against TDAQ (ETFIQ, Oct 28, 2026)](https://etfiq.com/compare/any/qqq-vs-tdaq)
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