Data as of Nov 4, 2026.
TDAQ vs TPAY: Dividend Yield & Total Return
TDAQ and TPAY both write options for income.
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Net assets: $248m on Jun 30, 2026 for TappAlpha Innovation 100 Growth & Daily Income ETF, and $2.1m on Nov 4, 2026 for Roundhill S&P 500 Target 10 Managed Distribution ETF.
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. Total return, distributions reinvested. 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, 2026.1 pt behind VOO
TPAY since launch: paid 6.6%, price +4.6%, total +11.6%, VOO +12.6%, −1.0 pts. Data to Nov 4, 2026.
VOO
+12.6%
TPAY
+11.6%
6.6% of it arrived as cash
1 pt behind VOO
Total return, distributions reinvested
1 pt behind VOO
TPAY since launch: paid 6.6%, price +4.6%, total +11.6%, VOO +12.6%, −1.0 pts. Data to Nov 4, 2026.
VOO
+12.6%
TPAY
+11.6%
6.6% cash
1 pt behind VOO
6.6% of it arrived as cash. Both charts share one scale, with zero at the line. TPAY since launch: paid 6.6%, price +4.6%, total +11.6%, VOO +12.6%, −1.0 pts. Data to Nov 4, 2026.
Data to Nov 4, 2026.Pair scorecard
TPAY costs 0.19 points a year less.
Points (pts) are percentage points.
| Measure | TDAQ | TPAY |
|---|---|---|
| Paid and earned | ||
| Total return, 1 year | +12.0% | not published |
| Price change | fell 5.7% (1 year) | rose 4.6% (since Feb 18, 2026) |
| Return of capital, issuer estimate | 98% of the Oct 21, 2026 payment | 100% of the Oct 15, 2026 payment |
| Against its benchmark | ||
| Benchmark | Nasdaq-100, measured through QQQ | Vanguard S&P 500 ETF, measured through VOO |
| Against its benchmark, same days | behind by 1.0 pts | |
| Cost and size | ||
| Expense ratio | 0.68% | 0.49% |
| Net assets, TDAQ as of Jun 30, 2026 and TPAY as of Nov 4, 2026 | $248m | $2.1m |
| Holdings | ||
| Holdings in common | 0% | |
What they share
By the books each fund has filed, TDAQ and TPAY hold 0% of their money in the same securities at the same weight. Holdings dated Jun 30, 2026 and Nov 4, 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 | TDAQ | TPAY | TDAQ | TPAY | TDAQ | TPAY |
| 3 months | −2.9% | −0.8% | 4.3% | 2.3% | +0.5 pts | −0.7 pts |
| 6 months | −0.5% | +4.2% | 8.4% | 4.7% | −0.2 pts | −0.8 pts |
| 1 year | +12.0% | – | 16.8% | – | −0.3 pts | – |
| Since launchNot the same days: TDAQ Sep 2025 · TPAY Feb 2026 | +21.6% | +11.6% | 19.6% | 6.6% | +0.6 pts | −1.1 pts |
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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.
TPAY
Over the period from its first trade on Feb 18, 2026 to Nov 4, 2026, TPAY paid 6.6% of its starting value in cash distributions while its price rose 4.6%. With every distribution reinvested, the fund returned +11.6%. Vanguard S&P 500 ETF (VOO) returned +12.6% over the same days, so a holder was behind by 1.0 pts. At its price on Nov 4, 2026 the latest distribution annualizes to 9.5%, paid monthly. Roundhill estimates that 100% of the distribution paid Oct 15, 2026 was a return of capital (its 19a-1 notice).
Questions people ask
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How this is computed
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, TDAQ against TPAY, data as of Nov 4, 2026. https://etfiq.com/compare/income/tdaq-vs-tpay
ETFIQ. (Nov 4, 2026). TDAQ against TPAY. Retrieved from https://etfiq.com/compare/income/tdaq-vs-tpay
[TDAQ against TPAY (ETFIQ, Nov 4, 2026)](https://etfiq.com/compare/income/tdaq-vs-tpay)
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