A head-to-head comparison of VegaShares SPX NDX RTY Premium Income ETF and TappAlpha Innovation 100 Growth & Daily Income ETF covering yield, cost, risk, and income potential.
ETFs and AUM reflect what Dividend Vision tracks — the issuer's full lineup may be larger.
VegaShares operates a focused suite of two income-focused ETFs designed to generate regular distributions through options strategies and dividend investing. The firm's lineup includes ODTE and VAIE, both emphasizing yield generation for investors seeking regular cash flow. With a specialized niche in options-based and dividend income strategies, VegaShares targets investors prioritizing distributions over capital appreciation.
See our curated list of related YouTube videos on ODTE.
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.
TappAlpha Innovation 100 Growth & Daily Income ETF
Issuer
VegaShares
TappAlpha
Last Close
$25.80 as of August 1, 2026
$26.20 as of August 1, 2026
Distribution yield
14.92%
17.86%
Distribution Safety Score™
50
79
Expense ratio
0.76%
0.71%
AUM
$3.08M
$260M
Distribution frequency
Weekly
Monthly
Underlying index
S&P 500, Nasdaq-100, Russell 2000
Invesco QQQ Trust (QQQ)
Objective
Covered Call
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.
Asset class
Equity
Equity
Inception date
04/03/2026
09/04/2025
Beta
—
1.287
Last dividend
$0.0740
$0.3900
Ex-dividend date
07/30/2026
07/14/2026
Bottom lineChoose ODTE if you are comfortable trading away most upside for a large, steady payout. Choose TDAQ if you want to maximize current income — roughly 17.86%, generated by selling options premium.
Most used
Income calculator
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Projections assume the current yield and share price remain constant. Actual results will vary.
Total returns
ODTE has lagged TDAQ over the year to date, posting a 7.07% total return against 11.10%. ODTE has been the steadier holding, though — annualized volatility of 15.2% against 22.3% for TDAQ. Figures are total returns: price change plus every distribution reinvested.
Total return with all distributions reinvested on the ex-dividend date, split-adjusted, as of July 31, 2026. YTD and 1Y are cumulative; longer windows are annualized. “Since Apr 2026” measures every fund from April 6, 2026 — the youngest fund's first trading day — so all funds share one comparison window. Volatility is the annualized standard deviation of daily total returns over the shared window since Apr 2026. 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 shared window since Apr 2026) — higher is better. Max drawdown is the largest peak-to-trough total-return decline over the same window — shallower is better.
Quick verdict
ODTE (VegaShares SPX NDX RTY Premium Income ETF) and TDAQ (TappAlpha Innovation 100 Growth & Daily Income ETF) are both dividend ETFs, but they take different approaches.
TDAQ offers the higher yield at 17.86% vs 14.92% for ODTE. A higher yield means more current income per dollar invested, though it may come with different risk characteristics.
TDAQ is cheaper with an expense ratio of 0.71% compared to 0.76%.
They track different benchmarks: ODTE is linked to S&P 500, Nasdaq-100, Russell 2000 while TDAQ tracks Invesco QQQ Trust (QQQ), which means their performance drivers differ.
TDAQ has $260M in assets vs $3.08M for ODTE, but ODTE only launched April 2026 — AUM comparisons will become more meaningful as it builds a track record.
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On a $10,000 investment, ODTE would generate roughly $124.33/month, while TDAQ would produce $148.83/month, at current distribution rates.
ODTE yield14.92%
TDAQ yield17.86%
Monthly diff on $10K$24.50
Cost & efficiency
Over 10 years on $10,000, ODTE would cost approximately $760 in fees vs $710 for TDAQ (simplified, not compounded). The $50.00 difference may be offset by yield or performance.
ODTE ER0.76%
TDAQ ER0.71%
Strategy & risk
Both ODTE and TDAQ wrap S&P 500, Nasdaq-100, Russell 2000 with options-based income overlays (covered call and growth). The practical differences are yield target, fee structure, and issuer track record — not the underlying mechanic.
ODTE beta—
TDAQ beta1.287
Fund details
ODTE is managed by VegaShares (launched 04/03/2026) with $3.08M in assets. TDAQ is managed by TappAlpha (launched 09/04/2025) with $260M in assets.
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Frequently asked questions
Is ODTE or TDAQ better for dividend income?
It depends on your goals. TDAQ currently offers the higher distribution yield, which means more income per dollar invested. However, a lower-yield fund may offer better total return or lower volatility. Consider your time horizon and risk tolerance.
What is the difference between ODTE and TDAQ?
Both ODTE (VegaShares SPX NDX RTY Premium Income ETF) and TDAQ (TappAlpha Innovation 100 Growth & Daily Income ETF) track S&P 500, Nasdaq-100, Russell 2000 with options-based income strategies — the labels "covered call" and "growth" describe closely related mechanics (covered calls are a specific type of options strategy). The real differences show up in yield target (14.92% vs 17.86%), expense ratio (0.76% vs 0.71%), and issuer (VegaShares vs TappAlpha).
Can I hold both ODTE and TDAQ?
You can, but expect significant overlap. Both funds use options-based income strategies on S&P 500, Nasdaq-100, Russell 2000, so holding them together gives you two wrappers around effectively the same exposure — not true diversification. Weigh issuer, fee, and yield differences rather than treating them as complementary.
Which has lower fees, ODTE or TDAQ?
ODTE has an expense ratio of 0.76% while TDAQ charges 0.71%. Lower fees mean more of your investment returns stay in your pocket over time.
How much income does $10,000 in ODTE vs TDAQ generate?
At current rates, $10,000 in ODTE would generate roughly $124.33 per month ($1,492.00 annually). The same in TDAQ would produce about $148.83 per month ($1,786.00 annually).
Which has performed better historically, ODTE or TDAQ?
ODTE has lagged TDAQ over the year to date, posting a 7.07% total return against 11.10%. ODTE has been the steadier holding, though — annualized volatility of 15.2% against 22.3% for TDAQ. Figures are total returns: price change plus every distribution reinvested. Past performance does not guarantee future results.
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