TDAQ vs QQQI vs GPIQ vs QDTE: Nasdaq Income Strategies
TDAQ and GPIQ both seek income from Nasdaq-100 exposure, but TDAQ writes calls that expire the same trading day, while GPIQ uses a dynamic overwrite strategy. QDTE combines synthetic Nasdaq-100 exposure with daily 0DTE calls; QQQI holds index constituents and can buy and sell NDX calls. Compare implementation and net total return before ranking payout rates.
Projections assume the current yield and share price remain constant. Actual results will vary.
Total returns
100% reinvested · ex-date convention. Period returns use this fixed assumption, independent of chart settings. YTD and 1Y are cumulative period returns; 3Y, 5Y, and 10Y are annualized. The shared Since-start window is annualized only when it covers at least one year.
TDAQ tops the group over the trailing twelve months with a 23.81% total return, against GPIQ at 23.08%, QDTE at 22.67% and QQQI at 18.23%. Figures are total returns: price change plus every distribution reinvested.
Total return and risk statistics by fund. Each row is one fund; each column is one period or statistic.
Total return with all distributions reinvested on the ex-dividend date (a modeling convention, not the cash-settlement date), split-adjusted, as of September 30, 2026. YTD and 1Y are cumulative period returns; 3Y, 5Y, and 10Y are annualized. The shared Since-start window is annualized only when it covers at least one year. “Since Sep 2025” measures every fund from September 4, 2025 — the start of shared available history — so all funds share one comparison window. Volatility is the annualized standard deviation of daily total returns over the past year. Sharpe and Sortino divide the annualized return in excess of the risk-free rate by, respectively, that volatility and the downside deviation (both over the past year) — higher is better. Max drawdown is the largest peak-to-trough total-return decline over the same window — shallower is better.
Distribution rate, SEC yield and return of capital
Metric
GPIQ
QDTE
QQQI
TDAQ
Forward distribution rate
10.28%
19.75%
13.69%
16.83%
Trailing 12-month yield
9.86%
44.08%
13.76%
16.54%
30-day SEC yield
—
—
-0.05%
-0.24%
Return of capital
—
100.00%
—
—
Total return (price change plus reinvested distributions) is the Total returns section above. Return of capital is the share of a recent distribution that was not income. A 30-day SEC yield can sit far from the headline distribution rate; both numbers are the fund's own published fields.
Seeks current income while maintaining prospects for capital appreciation by investing at least 80% of net assets in companies included in the Nasdaq-100 and selling call options with exposure to the benchmark.
Seeks weekly income by investing at least 80% of net assets in instruments that provide exposure to the Nasdaq-100 Index and writing zero-days-to-expiration (0DTE) call options against that exposure.
Seeks to generate high monthly income in a tax efficient manner while targeting equity appreciation.
The TappAlpha Innovation 100 Growth & Daily Income ETF (the "Fund") seeks current income while maintaining prospects for capital appreciation. The Fund’s secondary investment objective is to seek exposure to the performance of the Invesco QQQ Trust, Series 1 ("QQQ"), subject to a limit on potential investment gains.
Read this before the income numbers below: the strategy mechanics on this page shape what those payouts can cost you.
Capped upside and premium dependence. GPIQ, QDTE, QQQI, and TDAQ generate income by selling options, which trades away part of a strong rally in exchange for premium. Distributions can include return of capital, and a payout the underlying assets cannot sustain shows up as NAV erosion over time — the big yield number is not free.
ETFs and AUM reflect what Dividend Vision tracks — the issuer's full lineup may be larger.
Goldman Sachs Asset Management is known for offering a comprehensive suite of ETFs spanning traditional and alternative investment strategies across multiple asset classes. The fund lineup encompasses income-focused offerings, factor-based strategies, thematic investments, ESG solutions, international exposure, commodities, bonds, and indexed products, reflecting a broad approach to meeting diverse investor needs. The issuer's portfolio demonstrates significant breadth, with funds serving income investors, factor-based strategists, and those seeking specialized exposure to emerging themes and alternative assets.
See our curated list of related YouTube videos on GPIQ.
ETFs and AUM reflect what Dividend Vision tracks — the issuer's full lineup may be larger.
Roundhill Investments is known for offering innovative, specialized ETFs that often feature weekly dividend distributions and exposure to trending themes and individual mega-cap stocks. Their lineup spans income-focused strategies, leveraged products, thematic investments in areas like cryptocurrency and artificial intelligence, and weekly-pay funds that appeal to investors seeking frequent distributions. The issuer has built a distinctive niche with products targeting both traditional income seekers and those interested in emerging sectors, offering a diverse range of tickers that go well beyond conventional dividend vehicles.
See our curated list of related YouTube videos on QDTE.
ETFs and AUM reflect what Dividend Vision tracks — the issuer's full lineup may be larger.
NEOS is known for developing specialized income-focused ETFs that employ strategies like covered calls, hedging, and enhanced yields across various asset classes. The firm manages 19 funds organized into nine distinct families, including offerings in equity high income, fixed income enhancement, digital assets, and alternative strategies, with popular tickers like SPYI (S&P 500 covered call), QQQI (Nasdaq-100 covered call), and QQQH (Nasdaq-100 hedged equity income). NEOS distinguishes itself in the ETF landscape through its emphasis on income generation and downside protection strategies rather than traditional growth approaches.
See our curated list of related YouTube videos on QQQI.
ETFs and AUM reflect what Dividend Vision tracks — the issuer's full lineup may be larger.
TappAlpha operates a focused ETF lineup of four funds organized around two main families: Growth & Daily Income and T² Lift Series. The company's fund offerings span growth-oriented strategies and daily income approaches, with ticker symbols including TDAQ, TDAX, TSPY, and TSYX that target investors seeking regular income generation or equity growth exposure. As a smaller, specialized ETF provider, TappAlpha positions itself in a niche segment of the ETF market focused on daily income strategies and differentiated growth approaches.
See our curated list of related YouTube videos on TDAQ.
GPIQ (Goldman Sachs Nasdaq-100 Premium Income ETF), QDTE (Roundhill Nasdaq-100® 0DTE Covered Call Strategy ETF), QQQI (NEOS Nasdaq-100 High Income ETF), TDAQ (TappAlpha Innovation 100 Growth & Daily Income ETF) are dividend ETFs that take different approaches.
QDTE offers the highest reported yield at 19.75%, followed by TDAQ at 16.83%, QQQI at 13.69%, GPIQ at 10.28%.
GPIQ is the cheapest with an expense ratio of 0.29%, compared to 0.68% for QQQI and 0.83% for TDAQ and 0.96% for QDTE.
QQQI is the largest fund by assets ($15.0B), but assets alone do not establish trading costs or liquidity.
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On a $10,000 investment: GPIQ generates ~$85.67 cash per distribution, QDTE generates ~$37.98 cash per distribution, QQQI generates ~$114.08 cash per distribution, TDAQ generates ~$140.25 cash per distribution at current distribution rates.
GPIQ yield10.28%
QDTE yield19.75%
QQQI yield13.69%
TDAQ yield16.83%
Cost & efficiency
Over 10 years on $10,000: GPIQ costs ~$290, QDTE costs ~$960, QQQI costs ~$680, TDAQ costs ~$830 in fees (simplified, not compounded).
GPIQ ER0.29%
QDTE ER0.96%
QQQI ER0.68%
TDAQ ER0.83%
Strategy & risk
TDAQ and GPIQ both seek income from Nasdaq-100 exposure, but TDAQ writes calls that expire the same trading day, while GPIQ uses a dynamic overwrite strategy. QDTE combines synthetic Nasdaq-100 exposure with daily 0DTE calls; QQQI holds index constituents and can buy and sell NDX calls. Compare implementation and net total return before ranking payout rates.
GPIQ beta1.0964
QDTE beta1.1903
QQQI beta1.0553
TDAQ beta1.287
Fund details
GPIQ is managed by Goldman Sachs (launched 10/24/2023) with $6.12B in assets. QDTE is managed by Roundhill Investments (launched 03/07/2024) with $983M in assets. QQQI is managed by NEOS (launched 01/29/2024) with $15.0B in assets. TDAQ is managed by TappAlpha (launched 09/04/2025) with $386M in assets.
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Frequently asked questions
TDAQ vs GPIQ: what is the main strategy difference?
TDAQ writes calls on its Nasdaq-100 exposure that expire the same day. GPIQ uses a dynamically managed option overwrite. Both retain equity downside and give up some potential gains for option premiums. Compare actual option positions, expenses, and net total returns over matching dates.
How do QDTE and QQQI differ from TDAQ and GPIQ?
QDTE obtains synthetic long Nasdaq-100 exposure through options and sells daily 0DTE calls. QQQI invests in Nasdaq-100 constituents and may combine sold and purchased NDX calls. These implementations differ even though the funds share a Nasdaq-oriented investment universe.
Do weekly distributions mean QDTE writes weekly options?
No. QDTE seeks weekly distributions but sells calls that expire on the same day they are traded. A payment schedule does not establish an option's maturity. Daily option activity also does not promise daily cash payments to shareholders.
Does the highest distribution rate identify the best fund?
No. Distributions are cash payments, not a total-return forecast. Review net total return, NAV history, distribution sources, and fees together. Payments can change, and none of these funds guarantees principal. Use current issuer tax notices to evaluate distribution character.
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