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TDAQ TappAlpha Innovation 100 Growth & Daily Income ETF

Option income on QQQ, paying monthly

Over the year to Sep 11, 2026, TDAQ paid 16.2% in cash and finished 0.9 points ahead of QQQ.

TappAlpha · Income ETFs · data as of

Key facts

16.2%Cash paid, 1 year, on its starting price
+23.9%Total return, 1 year
+0.9 ptsAgainst QQQ
17.5%Latest payout, annualized

Method

ETFIQ Return Stability Score

80.811th of 161

TDAQ paid 16.2% in cash and its price rose 5.9%, so the payout came out of returns rather than principal.

Was the payout funded by returns, or by your own capital?

Against its benchmark
MLPD −38.1 ptsMDST −30.2 ptsSLTY −29.1 ptsBLOX −27.8 ptsEIPI −27.8 ptsYQQQ −27.6 ptsULTY −23.3 ptsGDXY −22.0 ptsHIGH −20.8 ptsTOPW −18.6 ptsTDVI −18.3 ptsYMAX −18.1 ptsHISF −17.3 ptsACKY −17.2 ptsWEEI −16.9 ptsNDIV −16.6 ptsLQDW −16.2 ptsOARK −15.8 ptsFDND −15.5 ptsTCAL −15.0 ptsQRMI −14.8 ptsSDVD −14.8 ptsLFGY −14.5 ptsSLJY −14.5 ptsSCLZ −14.1 ptsYFYA −13.9 ptsQUSA −13.5 ptsHYGW −13.0 ptsJULH −13.0 ptsXLRI −13.0 ptsMAGY −12.9 ptsYYY −12.7 ptsXLKI −12.6 ptsJULJ −12.4 ptsLJUL −12.4 ptsJANJ −12.3 ptsLJAN −12.3 ptsFGSI −12.2 ptsLOCT −12.1 ptsRNTY −12.1 ptsAIPI −12.0 ptsIWMY −12.0 ptsOCTJ −11.9 ptsHIPS −11.7 ptsJUCY −11.6 ptsXLEI −11.6 ptsAPRJ −11.3 ptsLAPR −11.3 ptsXISE −11.3 ptsXIJN −11.1 ptsCVRD −11.0 ptsJANH −11.0 ptsAPRH −10.9 ptsXBTY −10.7 ptsXIDE −10.7 ptsOCTH −10.6 ptsJEPI −10.3 ptsXIMR −10.1 ptsSRHR −9.7 ptsXRMI −8.7 ptsVEGA −8.3 ptsBUYW −8.2 ptsIAUI −7.9 ptsBAGY −7.7 ptsXV −7.5 ptsKHPI −7.3 ptsYBTC −7.3 ptsFTHI −7.0 ptsYLDE −6.8 ptsIGLD −6.1 ptsQQQI −6.1 ptsRDVI −6.0 ptsSPIN −5.9 ptsFEPI −5.8 ptsIWMW −5.8 ptsTYLG −5.7 ptsBITY −5.6 ptsSPUT −5.4 ptsWTPI −5.2 ptsPAPI −4.7 ptsXLVI −4.7 ptsETCO −4.3 ptsJEPQ −4.1 ptsCAIE −4.0 ptsFTKI −3.9 ptsGPTY −3.7 ptsIQQQ −3.7 ptsGIAX −3.4 ptsBIGY −3.3 ptsISPY −3.1 ptsRYLD −3.1 ptsWEEL −2.9 ptsYMAG −2.9 ptsRDTY −2.6 ptsXLBI −2.5 ptsNBOS −1.8 ptsRYLG −1.8 ptsSPYI −1.7 ptsFTQI −1.6 ptsKNG −1.6 ptsTSPY −1.6 ptsTHTA −1.5 ptsQQQY −1.3 ptsRDTE −1.3 ptsDIVO −1.2 ptsSIXH −1.2 ptsXYLD −1.2 ptsDFII −1.1 ptsGPIQ −1.1 ptsQDTY −1.1 ptsXYLG −1.1 ptsXDTE −0.9 ptsQDTE −0.7 ptsQYLD −0.7 ptsXLII −0.7 ptsXPAY −0.7 ptsEGGY −0.6 ptsJOYT −0.6 ptsSDTY −0.6 ptsWDTE −0.4 ptsBTCC −0.3 ptsQYLG −0.3 ptsGPIX 0.0 ptsDJIA +0.1 ptsDYLG +0.3 ptsIWMI +0.3 ptsKGLD +0.3 ptsXLFI +0.3 ptsIVVW +0.4 ptsLTTI +0.5 ptsLQTI +0.6 ptsPBP +0.6 ptsHYTI +0.9 ptsCSHI +1.3 ptsBALI +1.4 ptsYETH +1.5 ptsHYBL +1.6 ptsXLUI +1.6 ptsCHPY +1.9 ptsBTCI +2.1 ptsSOXY +2.3 ptsITWO +2.5 ptsDOGG +2.7 ptsCEPI +2.9 ptsXLYI +2.9 ptsYBIT +2.9 ptsTLTP +3.4 ptsDUBS +4.0 ptsSEPI +4.7 ptsXLCI +5.2 ptsIDVO +5.4 ptsTLTW +5.4 ptsBCCC +6.3 ptsOMAH +6.5 ptsIDUB +6.9 ptsXLSI +8.8 ptsUSOY +10.5 ptsBUCK +10.9 ptsKLIP +20.9 ptsNVYY +24.6 ptsTDAQ +0.9 ptsTDAQ +0.9 pts−38.1 pts+24.6 pts

82.9% of the 161 sit at or below TDAQ on this measure.

What happened to the principal
ETCO −75.0%XBTY −74.7%YETH −67.4%YBTC −61.4%BTCC −59.9%YBIT −58.9%BAGY −58.0%SLTY −54.4%ULTY −53.3%NVYY −52.4%BITY −51.9%BCCC −49.4%BTCI −46.9%DFII −44.8%LFGY −43.0%YMAX −41.0%BLOX −38.8%TOPW −36.6%OARK −33.3%KLIP −32.8%GDXY −32.5%YMAG −27.1%YQQQ −26.3%MAGY −25.8%IWMY −23.1%CEPI −21.0%RDTY −19.9%RDTE −19.4%QDTE −18.5%EGGY −15.1%TLTP −14.5%XLYI −14.1%LTTI −13.8%ACKY −13.7%WDTE −13.7%QQQY −13.0%QDTY −12.8%XDTE −12.8%AIPI −12.2%QUSA −11.8%LQTI −10.4%TLTW −10.3%SDTY −9.9%GIAX −9.8%XLUI −9.5%HIGH −9.3%LQDW −9.3%TCAL −9.0%FEPI −8.5%XV −8.4%IGLD −8.1%XLRI −8.0%XLCI −7.9%FDND −7.6%YYY −7.5%XLSI −7.3%RNTY −6.5%HYTI −6.3%GPTY −6.0%OMAH −6.0%XLBI −5.7%HYGW −5.6%IWMW −5.3%HIPS −5.2%XPAY −4.9%HISF −4.7%QRMI −4.2%USOY −4.0%XLFI −3.8%FGSI −3.2%BUCK −2.5%HYBL −2.5%JUCY −2.3%XRMI −2.3%MLPD −1.7%CAIE −1.6%IAUI −1.6%YFYA −1.6%IVVW −1.4%CVRD −1.3%JEPI −1.1%KNG −0.9%XIJN −0.7%JULJ −0.6%WTPI −0.5%CSHI −0.4%JULH −0.3%LJUL −0.2%XISE 0.0%JANH +0.1%JANJ +0.1%LAPR +0.1%LOCT +0.1%LJAN +0.2%OCTJ +0.2%XLII +0.2%APRJ +0.3%OCTH +0.3%XIDE +0.3%XIMR +0.4%APRH +0.5%TSPY +0.6%KHPI +0.7%BIGY +0.8%WEEL +0.9%SRHR +1.0%FTHI +1.1%QQQI +1.5%XLVI +2.1%SPYI +2.6%QYLG +2.8%YLDE +2.8%BUYW +2.9%SDVD +3.0%XYLG +3.4%KGLD +3.8%THTA +3.9%DJIA +4.2%FTKI +4.3%SCLZ +4.4%PAPI +4.5%RYLD +4.7%XLKI +5.0%PBP +5.1%IWMI +5.3%DYLG +5.4%XYLD +5.9%JEPQ +6.0%SPIN +6.1%NBOS +6.5%SPUT +6.5%RYLG +7.1%GPIX +7.9%FTQI +8.0%DOGG +8.2%ISPY +8.4%QYLD +8.4%DIVO +8.9%MDST +9.3%VEGA +9.4%BALI +9.5%GPIQ +9.8%SLJY +11.0%RDVI +11.7%TDVI +11.7%IQQQ +12.3%SEPI +13.8%XLEI +13.8%SIXH +14.1%ITWO +14.3%EIPI +14.6%JOYT +16.1%IDVO +16.4%DUBS +18.9%WEEI +18.9%IDUB +19.0%TYLG +21.2%NDIV +22.9%CHPY +24.9%SOXY +68.6%TDAQ +5.9%TDAQ +5.9%−75.0%+68.6%

78.6% of the 161 sit at or below TDAQ on this measure.

Weighted evenly, those two positions are what the score combines, across the 161 income ETFs writing on an index or proxy. Neither spread above is the score: a fund can sit further right on one and score lower. A position in this set, not a rating: it moves when the set moves, and it is not a figure to average against another desk's.

What the score is computed from
What it measuresThis fundIts percentileWeight
against its benchmark+0.9 pts82.950%
what happened to the principal+5.9%78.650%

All income ETFs ranked by this score · How it is computed

1st of 16 income ETFs writing on QQQ, by return against it 67th of 354 income ETFs by net assets

What a holder got

TDAQ against QQQTDAQ returned +23.9% with distributions reinvested against +23.0% for Nasdaq-100 (QQQ), used as the innovation proxy, a gap of +0.9 pts. Of that, 16.2% arrived as cash rather than price.+23.9%TDAQ total return+23.0%Nasdaq-100 (QQQ), used as the innovation proxy16.2% of it arrived as cash

Over the year to Sep 11, 2026, TDAQ returned +23.9% with distributions reinvested and Nasdaq-100 (QQQ), used as the innovation proxy returned +23.0%, so a holder came out ahead of it by 0.9 points. The lighter segment is the 16.2% that arrived as cash rather than as price.

Method

Period by period

TDAQ over each window to Sep 11, 2026. Every figure is an ETFIQ calculation. Source: ETFIQ.
WindowCash paidPriceTotal returnQQQAhead or behind
3 months4.2%−5.3%−1.2%−0.8%−0.4 pts
6 months9.2%+9.4%+19.1%+20.7%−1.6 pts
1 year16.2%+5.9%+23.9%+23.0%+0.9 pts
Since launch16.5%+7.5%+25.8%+24.9%+1.0 pts

Method

When TDAQ pays

TDAQ pays monthly. The last distribution was $0.3927 a share, which went ex on Aug 18, 2026, with payment about 2 days later. The next has not been declared. On its own cadence of about 28 days the ex-date falls near Sep 15, 2026; that date is an ETFIQ projection, not the issuer’s.

Expected distributions for TDAQ. Where the basis is a projection, ETFIQ has carried the fund’s own spacing forward from its last ex-date and held the amount at the last one paid; neither is an issuer statement. Source: ETFIQ.
Ex-datePay dateAmountBasis
Sep 15, 2026Sep 17, 2026$0.3927ETFIQ projection from the fund’s own cadence
Oct 13, 2026Oct 15, 2026$0.3927ETFIQ projection from the fund’s own cadence
Every distribution ETFIQ holds for TDAQ (11, most recent first)
Cash distributions per share for TDAQ. Source: ETFIQ from Tiingo end-of-day distributions.
Ex-dateAmount
Aug 18, 2026$0.3927
Jul 14, 2026$0.39
Jun 16, 2026$0.3955
May 19, 2026$0.3825
Apr 14, 2026$0.3502
Mar 17, 2026$0.3537
Feb 17, 2026$0.3572
Jan 20, 2026$0.3762
Dec 16, 2025$0.374
Nov 18, 2025$0.3702
Oct 21, 2025$0.3814

Every income ETF going ex-dividend in the next fortnight

Method

In plain words

Since it launched on Sep 4, 2025, TDAQ has returned +25.8% with distributions reinvested, against +24.9% for Nasdaq-100 (QQQ), used as the innovation proxy, and has paid out 16.5% of its starting value in cash along the way. It pays monthly, and at its current price the latest distribution annualizes to 17.5%. No Rule 19a-1 notice has been published for this fund, so there is no issuer estimate of how much of its distributions was a return of capital.

TDAQ (TappAlpha Innovation 100 Growth & Daily Income ETF), income ETFs fields as of Sep 11, 2026. Source: ETFIQ.
Strategyoption income
BenchmarkNasdaq-100 (QQQ), used as the innovation proxy (proxy)
Paysmonthly
Net assets (SEC filing, whole fund, as filed for Jun 30, 2026)$248m
Latest payout, annualized (ETFIQ)17.5%
Expense ratio (485BPOS XBRL, Apr 29, 2026)0.83%
Cash paid, last 12 months, over today’s price (ETFIQ)15.3%
LaunchedSep 4, 2025
Paysmonthly
Typical gap between ex-dates28 days
Typical wait from ex-date to payment2 days
Last paid, per share$0.3927 ex Aug 18, 2026
Sum of the last 11 distributions$4.1237

Every figure is an ETFIQ calculation from exchange prices and cash distributions (Tiingo end-of-day), total return with distributions reinvested. Return of capital is the issuer’s estimate. How these figures are computed

Questions people ask

How much has TDAQ paid over the last year?
Over the year to Sep 11, 2026, TDAQ paid 16.2% of its starting price in cash distributions, while the price rose 5.9%.
Is TDAQ ahead of QQQ?
Over the year to Sep 11, 2026, with every distribution reinvested, TDAQ returned +23.9% against +23.0% for Nasdaq-100 (QQQ), used as the innovation proxy, so a holder was ahead of it by 0.9 points.
How often does TDAQ pay, and how much?
TDAQ pays monthly. The latest distribution annualizes to 17.5% at its price on Sep 11, 2026, which is not a promise; the next one can differ.
When does TDAQ next pay a distribution?
TDAQ pays monthly. The last distribution went ex on Aug 18, 2026 at $0.3927 a share. The next is not declared; on a cadence of about 28 days the ex-date falls near Sep 15, 2026, which is an ETFIQ projection. Payment usually follows the ex-date by 2 days.
What does TDAQ cost?
The prospectus expense ratio is 0.83% a year.

The words on this page

Total return
What a holder actually ended up with: price change plus every distribution, reinvested. The only figure that answers whether you came out ahead.
Cash paid
Distributions over the window as a share of what the fund cost at the start. A measure of cash delivered, not of return: a fund can pay a great deal and still lose money.
Ahead or behind
The fund’s total return minus the benchmark’s over exactly the same days, in percentage points. Both sides reinvest.
Return of capital
The issuer’s own estimate, in a Rule 19a-1 notice, of how much of a distribution was your own money returned. An estimate and a tax characterization, not a measure of erosion.
Covered call
Selling call options on shares the fund holds. It collects a premium and gives up the gains above the strike, which is why these funds pay well and lag a rising market.

Every term used here, defined in full on the income ETFs vocabulary page.

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.

Funds near this one

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TDAQ payout bar, ETFIQ

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<p><a href="https://etfiq.com/funds/tdaq">TDAQ payout bar, updated daily by ETFIQ</a></p>

Where TDAQ is written about

TDAQ, Income ETFs, ETFIQ, data as of Sep 11, 2026. Every figure is arithmetic on a named public source; the method is at etfiq.com/methodology. ETFIQ is an independent publisher, is not a fund issuer, broker-dealer or investment adviser, and makes no recommendations.
Use this data, or open the live card

Open TDAQ live on ETFIQ, where the figures refresh with the data.

Cite this page. ETFIQ, TDAQ, income ETFs, data as of Sep 11, 2026. https://etfiq.com/funds/tdaq Free to use with attribution; the underlying files are at Open data.

How these figures are computed · Standards and sources