Data as of Nov 4, 2026.
SCLZ vs TDAQ: Dividend Yield & Total Return
Over the year to Nov 4, 2026, TDAQ paid 16.8% of its price in cash against SCLZ’s 8.5%, and returned more with it reinvested.
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Net assets on Jun 30, 2026: $20m for Swan Enhanced Dividend Income ETF and $248m for TappAlpha Innovation 100 Growth & Daily Income ETF.
4.2 pts behind SPY
SCLZ over 1 year: paid 8.5%, price +1.6%, total +10.6%, SPY +14.8%, −4.2 pts. Data to Nov 4, 2026.
SPY
+14.8%
SCLZ
+10.6%
8.5% of it arrived as cash
4.2 pts behind SPY
Total return, distributions reinvested
4.2 pts behind SPY
SCLZ over 1 year: paid 8.5%, price +1.6%, total +10.6%, SPY +14.8%, −4.2 pts. Data to Nov 4, 2026.
SPY
+14.8%
SCLZ
+10.6%
8.5% cash
4.2 pts behind SPY
8.5% of it arrived as cash. Total return, distributions reinvested. SCLZ over 1 year: paid 8.5%, price +1.6%, total +10.6%, SPY +14.8%, −4.2 pts. Data to Nov 4, 2026.
Data to Nov 4, 2026.About even with QQQ
TDAQ over 1 year: paid 16.8%, price −5.7%, total +12.0%, QQQ +12.3%, −0.3 pts. Data to Nov 4, 2026.
QQQ
+12.3%
TDAQ
+12.0%
16.8% of it arrived as cash
about even with QQQ
Total return, distributions reinvested
About even with QQQ
TDAQ over 1 year: paid 16.8%, price −5.7%, total +12.0%, QQQ +12.3%, −0.3 pts. Data to Nov 4, 2026.
QQQ
+12.3%
TDAQ
+12.0%
16.8% as cash
about even with QQQ
16.8% of it arrived as cash. Both charts share one scale, with zero at the line. TDAQ over 1 year: paid 16.8%, price −5.7%, total +12.0%, QQQ +12.3%, −0.3 pts. Data to Nov 4, 2026.
Data to Nov 4, 2026.Pair scorecard
TDAQ costs 0.11 points a year less; their one-year returns differ by 1.4 points; TDAQ is 12.4 times larger.
Points (pts) are percentage points.
| Measure | SCLZ | TDAQ |
|---|---|---|
| Paid and earned | ||
| Total return, 1 year | +10.6% | +12.0% |
| Price change, 1 year | rose 1.6% | fell 5.7% |
| Return of capital, issuer estimate | 98% of the Oct 21, 2026 payment | |
| Against its benchmark | ||
| Benchmark | S&P 500, measured through SPY | Nasdaq-100, measured through QQQ |
| Cost and size | ||
| Expense ratio | 0.79% | 0.68% |
| Net assets, as of Jun 30, 2026 | $20m | $248m |
| Holdings | ||
| Holdings in common | 0% | |
How much of its payouts the fund's total return covered, ranked against 167 income ETFs not writing on a single company. 100 is best. How it is computed
One year only, and a ratio of two published numbers: it says nothing about where a distribution came from. All income ETFs ranked by it →
Risk and return
Sep 12, 2025 to Oct 30, 2026 · 59 weekly returnsEach against its own benchmark: SCLZ against SPY, Mar 8, 2024 to Oct 30, 2026; TDAQ against QQQ, Sep 12, 2025 to Oct 30, 2026.
From Sep 2025 to Oct 2026, TDAQ returned more: +18.4% to +12.3%. SCLZ swung less: 9.0% to 17.4%. SCLZ fell less at its worst: −6.0% to −9.2%.
Full scorecard
19 measures, with how each is measured Open ↓
| Measure | SCLZ | TDAQ | Edge | How it is measured |
|---|---|---|---|---|
| Return | ||||
| Total return | +12.3% | +18.4% | TDAQ | Price change plus distributions, reinvested. |
| Annualized | +10.7% | +16.0% | TDAQ | Total return as a yearly rate. |
| Price return | +1.8% | −1.7% | SCLZ | Price change alone, distributions left out. |
| Risk | ||||
| Volatility | 9.0% | 17.4% | SCLZ | Spread of weekly returns, annualized. Lower is steadier. |
| Downside deviation | 5.5% | 11.3% | SCLZ | Like volatility, counting only weeks below the Treasury bill rate. |
| Max drawdown | −6.0% | −9.2% | SCLZ | Deepest fall from a high to the low after it. |
| Upside capture | 58.8% | 93.0% | Share of its benchmark's rise caught in the weeks it rose. | |
| Downside capture | 74.2% | 96.6% | Share of its benchmark's fall taken in the weeks it fell. Lower is better. | |
| Beta | 0.64 | 0.93 | Not an edge | How far it moves for each 1% its benchmark moves. |
| R squared | 0.84 | 0.97 | Not an edge | Share of its weekly moves its benchmark explains. |
| Risk-adjusted | ||||
| Sharpe | 0.75 | 0.72 | SCLZ (slight) | Return above Treasury bills per unit of volatility. |
| Sortino | 1.23 | 1.11 | SCLZ (slight) | Return above Treasury bills per unit of downside deviation. |
| Treynor | 0.119 | 0.136 | Return above Treasury bills per unit of beta. | |
| Calmar | 1.79 | 1.75 | SCLZ (slight) | Annualized return divided by the max drawdown. |
| Against the benchmark | ||||
| Benchmark | SPY | QQQ | The ETF each fund is measured against. | |
| Alpha | −0.5% a year | +0.7% a year | Not significant | Yearly return beyond what its beta to the benchmark predicts. |
| Alpha t-stat | −0.19 | 0.27 | Not an edge | How sure the alpha is. Below 2, it could be chance. |
| Alpha range | −5.4% to +4.5% | −4.7% to +6.2% | Includes zero | The 95% range for the yearly alpha. |
| Information ratio | −0.77 | −0.06 | Return against its benchmark per unit of tracking error. | |
| Tracking error | 6.6% | 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, 59 weekly returns. Cash rate: the 13-week Treasury bill.
What they share
By the books each fund has filed, SCLZ and TDAQ hold 0% of their money in the same securities at the same weight. Holdings dated Jun 30, 2026.
half
0% in common
Only in one fund ↓
Side by side
As of Nov 4, 2026. Source: ETFIQ. Cash paid: distributions over the window, as a share of the starting price. Payout rate: the latest payment, annualized, over today’s price.
Window by window
| Total return | Cash paid | Against the benchmark | ||||
|---|---|---|---|---|---|---|
| Window | SCLZ | TDAQ | SCLZ | TDAQ | SCLZ | TDAQ |
| 3 months | 0.0% | −2.9% | 2.1% | 4.3% | +0.2 pts | +0.5 pts |
| 6 months | +4.4% | −0.5% | 4.3% | 8.4% | −0.6 pts | −0.2 pts |
| 1 year | +10.6% | +12.0% | 8.5% | 16.8% | −4.2 pts | −0.3 pts |
| Since launchNot the same days: SCLZ Feb 2024 · TDAQ Sep 2025 | +35.4% | +21.6% | 21.2% | 19.6% | −20.8 pts | +0.6 pts |
Client brief:
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SCLZ
Over the year to Nov 4, 2026, SCLZ paid 8.5% of its starting value in cash distributions while its price rose 1.6%. With every distribution reinvested, the fund returned +10.6%. S&P 500 (SPY) returned +14.8% over the same days, so a holder was behind by 4.2 pts. At its price on Nov 4, 2026 the latest distribution annualizes to 8.7%, paid monthly.
TDAQ
Over the year to Nov 4, 2026, TDAQ paid 16.8% of its starting value in cash distributions while its price fell 5.7%. With every distribution reinvested, the fund returned +12.0%. Nasdaq-100 (QQQ) returned +12.3% over the same days, so a holder was about even. At its price on Nov 4, 2026 the latest distribution annualizes to 18.2%, 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
Links are sources, not endorsements. A comparison is not a recommendation.
How this is computed
It is a place in a set, not a rating or a recommendation.
Overlap adds up the smaller of the two weights for each security both funds hold.
Every number is an ETFIQ calculation with distributions reinvested.
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ETFIQ, SCLZ against TDAQ, data as of Nov 4, 2026. https://etfiq.com/compare/income/sclz-vs-tdaq
ETFIQ. (Nov 4, 2026). SCLZ against TDAQ. Retrieved from https://etfiq.com/compare/income/sclz-vs-tdaq
[SCLZ against TDAQ (ETFIQ, Nov 4, 2026)](https://etfiq.com/compare/income/sclz-vs-tdaq)
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