These three funds seek Nasdaq-linked option income through different implementations. QQQI holds Nasdaq-100 stocks and manages NDX index options. TDAQ combines Nasdaq-100 exposure with same-day calls. QDTE uses synthetic Nasdaq-100 exposure and daily 0DTE calls. Choose the exposure and option structure before comparing distribution rates; none protects principal from an equity decline.
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 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
QDTE
QQQI
TDAQ
Forward distribution rate
19.75%
13.69%
16.83%
Trailing 12-month yield
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.
Owning all of these is not diversification. Each one sells covered calls on the same Nasdaq-100 exposure, so the three positions move together. The differences are the issuer, the fee, and how the income is produced. When holdings data is available, the overlap card on this page shows the shared names.
Side-by-side snapshot
Side-by-side snapshot. Each row is one metric;
each column is one fund.
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. 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.
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.
Choose QQQI for a stock-holding Nasdaq-100 option strategy, TDAQ for same-day calls on Nasdaq exposure, or QDTE for synthetic exposure with 0DTE calls and weekly payouts. Compare net total return and drawdowns over the same dates; distribution rates alone do not rank these funds.
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On a $10,000 investment: 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.
QDTE yield19.75%
QQQI yield13.69%
TDAQ yield16.83%
Cost & efficiency
Over 10 years on $10,000: QDTE costs ~$960, QQQI costs ~$680, TDAQ costs ~$830 in fees (simplified, not compounded).
QDTE ER0.96%
QQQI ER0.68%
TDAQ ER0.83%
Strategy & risk
These three funds seek Nasdaq-linked option income through different implementations. QQQI holds Nasdaq-100 stocks and manages NDX index options. TDAQ combines Nasdaq-100 exposure with same-day calls. QDTE uses synthetic Nasdaq-100 exposure and daily 0DTE calls. Choose the exposure and option structure before comparing distribution rates; none protects principal from an equity decline.
QDTE beta1.1903
QQQI beta1.0553
TDAQ beta1.287
Fund details
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
How is QDTE different from QQQI and TDAQ?
QDTE uses options for synthetic Nasdaq-100 exposure and sells same-day calls. QQQI holds Nasdaq-100 constituents and manages NDX index options. TDAQ also uses daily calls, but its exposure and portfolio construction differ from QDTE. Review current holdings and option positions before treating them as interchangeable.
Does QDTE's weekly payout mean it trades weekly options?
No. Its distribution schedule and option expiry are separate. QDTE seeks weekly distributions while its 0DTE calls expire on the day they are written. A weekly payment is neither guaranteed nor a measure of total return.
Which of QDTE, QQQI, and TDAQ is safest?
None is a capital-preservation fund. All have Nasdaq-linked equity risk, and their option overlays can limit gains differently. Compare drawdowns, net total returns over matching dates, fees, and distribution sources rather than ranking safety by the latest payout rate.
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