Data as of .
SCEP vs TDAQ: which paid, and which earned it?
SCEP and TDAQ both write options for income.
What they hold in common
By the books each fund has filed, SCEP and TDAQ hold 0% of their money in the same securities at the same weight.
| Only in SCEP | Only in TDAQ |
|---|---|
| ALPHABET INC 5.98% | Invesco Nasdaq 100 ETF 100.00% |
| APPLE INC 5.71% | |
| NVIDIA CORP 5.70% | |
| BROADCOM INC 5.61% | |
| AMAZON.COM INC 4.68% | |
| JP MORGAN CHASE & COMPANY 3.55% | |
| MICROSOFT CORP 3.49% | |
| LAM RESEARCH CORP 2.64% |
Weight overlap is an ETFIQ calculation: for every security both funds hold, the smaller of the two weights, summed. Above 50%, holding both is close to holding one of them twice. Holdings dated Jun 30, 2026.
Performance, window by window
| Window | Total return | Cash paid | Against the benchmark | |||
|---|---|---|---|---|---|---|
| SCEP | TDAQ | SCEP | TDAQ | SCEP | TDAQ | |
| 3 months | −0.1% | −1.0% | 1.7% | 4.1% | −2.4 pts | +1.5 pts |
| 6 months | +8.3% | +22.7% | 3.7% | 9.7% | −9.7 pts | −1.6 pts |
| 1 year | not published | +22.8% | not published | 17.4% | not published | +1.0 pts |
| Since launch | +3.5% | +27.2% | 5.0% | 18.0% | −8.2 pts | +1.2 pts |
| SCEP STERLING CAPITAL HEDGED EQUITY PREMIUM INCOME ETF Covered call on SPY, paying monthly | TDAQ TappAlpha Innovation 100 Growth & Daily Income ETF Option income on QQQ, paying monthly | |
|---|---|---|
| Issuer | Sterling Capital | TappAlpha |
| Strategy | covered call | option income |
| Benchmark | S&P 500 (SPY) | Nasdaq-100 (QQQ), used as the innovation proxy |
| Pays | monthly | monthly |
| Payout rate, annualized | 7.1% | 17.1% |
| Expense ratio | 0.65% | 0.83% |
| Cash paid, 1 year | 5.0% (since launch on Dec 11, 2025) | 17.4% |
| Price change, 1 year | −1.6% | +3.4% |
| Total return, 1 year | +3.5% (since launch on Dec 11, 2025) | +22.8% |
| Benchmark return, 1 year | +11.7% | +21.8% |
| Ahead or behind | −8.2 pts | +1.0 pts |
| Return of capital, latest estimate | not published | not published |
| Age | 281 days | 379 days |
| Net assets | $235m | $248m |
SCEP in plain words
Over the period since launch on Dec 11, 2025 to Sep 18, 2026, SCEP paid 5.0% of its starting value in cash distributions while its price fell 1.6%. With every distribution reinvested, the fund returned +3.5%. S&P 500 (SPY) returned +11.7% over the same days, so a holder was behind by 8.2 pts. At its price on Sep 18, 2026 the latest distribution annualizes to 7.1%, paid monthly.
TDAQ in plain words
Over the year to Sep 18, 2026, TDAQ paid 17.4% of its starting value in cash distributions while its price rose 3.4%. With every distribution reinvested, the fund returned +22.8%. Nasdaq-100 (QQQ), used as the innovation proxy returned +21.8% over the same days, so a holder was ahead by 1.0 pts. At its price on Sep 18, 2026 the latest distribution annualizes to 17.1%, paid monthly.
Questions people ask
- Which is cheaper, SCEP or TDAQ?
- SCEP charges 0.65% a year and TDAQ charges 0.83%, so SCEP is cheaper. Fees come from each fund's prospectus.
Other comparisons
Where these figures came from
ETFIQ links to the documents behind every figure. It is not affiliated with any issuer, and a link is not an endorsement.
Cite this page. ETFIQ, SCEP against TDAQ, data as of Sep 18, 2026. https://etfiq.com/compare/income/scep-vs-tdaq Free to use with attribution; the underlying files are at Open data.