A head-to-head comparison of Amplify CWP Dividend & Option 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.
Amplify ETFs is known for offering thematic and specialized investment solutions across 22 funds, ranging from digital assets and commodities to dividend and income-focused strategies. Their lineup emphasizes yield generation and alternative themes, with notable funds including DIVO (Amplify Dividend Rotation Fund), HACK (Amplify Cybersecurity ETF), and SWAN (Amplify BlackSwan Growth ETF), alongside crypto-related funds like BITY and SOLM. The issuer distinguishes itself through niche sector exposure and their proprietary YieldSmart technology platform designed to optimize income strategies.
See our curated list of related YouTube videos on QDVO.
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
Amplify ETFs
TappAlpha
Last Close
$29.99 as of July 15, 2026
$27.35 as of July 15, 2026
Distribution yield
10.64%
17.11%
Distribution Safety Score
79
79
Expense ratio
0.56%
0.83%
AUM
$713M
$227M
Distribution frequency
Monthly
Monthly
Underlying index
U.S. large-cap value / dividend equities with a covered call overlay
Invesco QQQ Trust (QQQ)
Objective
Seeks to provide high monthly income with the potential for capital appreciation by investing in quality U.S. dividend-paying equities and writing covered call options on those holdings.
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
08/21/2024
09/04/2025
Beta
0.9338
1.287
Last dividend
$0.2660
$0.3900
Ex-dividend date
06/29/2026
07/14/2026
Bottom lineChoose QDVO if you are comfortable trading away most upside for a large, steady payout. Choose TDAQ if you want to maximize current income — roughly 17.11%, generated by selling options premium. There's no free lunch: TDAQ's payout comes from selling options, which caps upside and can erode the share price over time, while QDVO keeps full price exposure.
Most used
Income calculator
See how much monthly income a hypothetical investment would generate in each ETF at current yields.
Want to go deeper?
Add these ETFs to a sample portfolio and forecast your dividend income over 5+ years — no signup required.
Projections assume the current yield and share price remain constant. Actual results will vary.
Quick verdict
QDVO (Amplify CWP Dividend & Option Income ETF) and TDAQ (TappAlpha Innovation 100 Growth & Daily Income ETF) are both monthly-pay dividend ETFs, but they take different approaches.
TDAQ offers the higher yield at 17.11% vs 10.64% for QDVO. A higher yield means more current income per dollar invested, though it may come with different risk characteristics.
QDVO is cheaper with an expense ratio of 0.56% compared to 0.83%.
They track different benchmarks: QDVO is linked to U.S. large-cap value / dividend equities with a covered call overlay while TDAQ tracks Invesco QQQ Trust (QQQ), which means their performance drivers differ.
QDVO is the larger fund by assets ($713M), which generally means tighter spreads and better liquidity.
Who should choose each?
Choose QDVO
Amplify CWP Dividend & Option Income ETF
Are comfortable with an options-income strategy — a large payout in exchange for capped upside.
Want to keep costs low — a 0.56% expense ratio vs 0.83% for TDAQ.
Prefer lower volatility — a beta of 0.9 vs 1.3 for TDAQ.
Choose TDAQ
TappAlpha Innovation 100 Growth & Daily Income ETF
Want to maximize current income — TDAQ distributes roughly 17.11% from selling options premium, vs 10.64% for QDVO.
Are comfortable with an options-income strategy — a large payout in exchange for capped upside.
Not sure? Use the income calculator and snapshot above to weigh these trade-offs against your own goals.
Deep dive
Yield & income
On a $10,000 investment, QDVO would generate roughly $88.67/month, while TDAQ would produce $142.58/month, at current distribution rates. Both pay monthly distributions.
QDVO yield10.64%
TDAQ yield17.11%
Monthly diff on $10K$53.92
Cost & efficiency
Over 10 years on $10,000, QDVO would cost approximately $560 in fees vs $830 for TDAQ (simplified, not compounded). The $270.00 difference may be offset by yield or performance.
QDVO ER0.56%
TDAQ ER0.83%
Strategy & risk
QDVO tracks U.S. large-cap value / dividend equities with a covered call overlay with an active approach, while TDAQ tracks Invesco QQQ Trust (QQQ) with a growth approach. Beta is 0.9338 for QDVO and 1.287 for TDAQ, indicating QDVO is less volatile relative to the market.
QDVO beta0.9338
TDAQ beta1.287
Fund details
QDVO is managed by Amplify ETFs (launched 08/21/2024) with $713M in assets. TDAQ is managed by TappAlpha (launched 09/04/2025) with $227M in assets.
Do us a favor — if you found this comparison useful, please share it with a friend researching dividend ETFs.
Frequently asked questions
Is QDVO 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 QDVO and TDAQ?
QDVO (Amplify CWP Dividend & Option Income ETF) tracks U.S. large-cap value / dividend equities with a covered call overlay with an active approach, while TDAQ (TappAlpha Innovation 100 Growth & Daily Income ETF) tracks Invesco QQQ Trust (QQQ) with a growth approach. They are issued by Amplify ETFs and TappAlpha respectively.
Can I hold both QDVO and TDAQ?
Yes — nothing prevents holding both. Whether the combination actually diversifies depends on how much the underlying exposures overlap, which isn't fully measurable from the data on this page; review each security's holdings, sector, and strategy before treating them as complementary.
Which has lower fees, QDVO or TDAQ?
QDVO has an expense ratio of 0.56% while TDAQ charges 0.83%. Lower fees mean more of your investment returns stay in your pocket over time.
How much income does $10,000 in QDVO vs TDAQ generate?
At current rates, $10,000 in QDVO would generate roughly $88.67 per month ($1,064.00 annually). The same in TDAQ would produce about $142.58 per month ($1,711.00 annually).
Explore related screeners
Lateral filters that include these funds — browse the full peer set on DividendVision.
Still deciding? Compare them against your own portfolio
See how each ETF fits alongside your real holdings — forecast future income, analyze overlap, and gauge risk. Start a free 7-day Dividend Vision trial and make the call with your full portfolio in view.
