ETF Comparison
QQQI vs TDAQ: Which Is the Better Pick in 2026?
A head-to-head comparison of NEOS Nasdaq-100 High Income ETF and Innovation 100 Growth & Daily covering yield, cost, risk, and income potential.
Data updated April 5, 2026
Side-by-side snapshot
| QQQI | TDAQ | |
|---|---|---|
| Full name | NEOS Nasdaq-100 High Income ETF | Innovation 100 Growth & Daily |
| Issuer | NEOS | TappAlpha |
| Price | $50.19 | $23.94 |
| Distribution yield | 14.22% | 17.28% |
| Expense ratio | 0.68% | 0.68% |
| AUM | $8.9B | $122M |
| Distribution frequency | Monthly | Monthly |
| Underlying index | NASDAQ 100 | Invesco QQQ Trust (QQQ) |
| Objective | 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. |
| Asset class | Equity | Equity |
| Inception date | 01/29/2024 | 09/04/2025 |
| Beta | 0.0 | 0.0 |
| Last dividend | $0.61 | $0.35 |
| Ex-dividend date | 03/18/2026 | 03/17/2026 |
Visual comparison
Key metrics
Projected income on $10K
Projections assume the current yield and share price remain constant. Actual results will vary.
Quick verdict
QQQI (NEOS Nasdaq-100 High Income ETF) and TDAQ (Innovation 100 Growth & Daily) are both popular monthly-pay seeks to generate high monthly income in a tax efficient manner while targeting equity appreciation. ETFs, but they take different approaches.
TDAQ offers the higher yield at 17.28% vs 14.22% for QQQI. A higher yield means more current income per dollar invested, though it may come with different risk characteristics.
They track different benchmarks: QQQI is linked to NASDAQ 100 while TDAQ tracks Invesco QQQ Trust (QQQ), which means their performance drivers differ.
QQQI is the larger fund by assets ($8.9B), which generally means tighter spreads and better liquidity.
Deep dive
Yield & income
On a $10,000 investment, QQQI would generate roughly $118.50/month while TDAQ would produce $144.00/month at current distribution rates. Both pay monthly distributions.
Cost & efficiency
Over 10 years on $10,000, QQQI would cost approximately $680 in fees vs $680 for TDAQ (simplified, not compounded). Both charge the same expense ratio.
Strategy & risk
QQQI tracks NASDAQ 100 with a seeks to generate high monthly income in a tax efficient manner while targeting equity appreciation. approach, while TDAQ tracks Invesco QQQ Trust (QQQ) using a 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. strategy. Beta is 0.0 for QQQI and 0.0 for TDAQ, indicating TDAQ is less volatile relative to the market.
Fund details
QQQI is managed by NEOS (launched 01/29/2024) with $8.9B in assets. TDAQ is managed by TappAlpha (launched 09/04/2025) with $122M in assets.
Income calculator
See how much monthly income a hypothetical investment would generate in each ETF at current yields.
Frequently asked questions
Is QQQI 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 QQQI and TDAQ?
QQQI (NEOS Nasdaq-100 High Income ETF) tracks NASDAQ 100 with a seeks to generate high monthly income in a tax efficient manner while targeting equity appreciation. strategy, while TDAQ (Innovation 100 Growth & Daily) tracks Invesco QQQ Trust (QQQ) with a 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. approach. They are issued by NEOS and TappAlpha respectively.
Can I hold both QQQI and TDAQ?
Yes. Many income investors hold both to diversify across different strategies and underlying indexes. This can reduce concentration risk while maintaining a strong income stream.
Which has lower fees, QQQI or TDAQ?
QQQI has an expense ratio of 0.68% while TDAQ charges 0.68%. Lower fees mean more of your investment returns stay in your pocket over time.
How much income does $10,000 in QQQI vs TDAQ generate?
At current yields, $10,000 in QQQI would generate roughly $118.50 per month ($1,422.00 annually). The same in TDAQ would produce about $144.00 per month ($1,728.00 annually).
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