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ETF Comparison

QQQM vs TDAQ: Which Is the Better Pick in 2026?

A head-to-head comparison of Invesco NASDAQ 100 ETF and TappAlpha Innovation 100 Growth & Daily Income ETF covering yield, cost, risk, and income potential.

Data updated August 19, 2026

Best for

  • QQQMInvestors who want a growth tilt and can accept bigger swings for higher upside.
  • TDAQInvestors who want to maximize current income — roughly 17.58%, generated by selling options premium.

Jump to the side-by-side numbers

Visual comparison

Key metrics

Projected income on $10K

Projections assume the current yield and share price remain constant. Actual results will vary.

Total returns

QQQM has outpaced TDAQ over the trailing twelve months, posting a 24.74% total return against 23.56%. Measured from Sep 2025 — when the younger fund began trading — QQQM has compounded at 26.46% a year versus 24.78% for TDAQ. 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.
SymbolYTD1YSince Sep 2025Volatility Sharpe Sortino Max drawdown
QQQM17.10%24.74%26.46%19.5%0.901.29-12.0%
TDAQ13.60%23.56%24.78%19.7%0.901.26-11.7%

Total return with all distributions reinvested on the ex-dividend date, split-adjusted, as of August 19, 2026. YTD and 1Y are cumulative; longer windows are annualized. “Since Sep 2025” measures every fund from September 4, 2025 — 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 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.

Side-by-side snapshot

Side-by-side snapshot. Each row is one metric; each column is one fund.
MetricQQQMTDAQ
Full nameInvesco NASDAQ 100 ETFTappAlpha Innovation 100 Growth & Daily Income ETF
IssuerInvescoTappAlpha
Last Close$295.45 as of August 19, 2026$26.83 as of August 19, 2026
Distribution yield0.48%17.58%
Distribution Safety Score™ 9679
Expense ratio0.15%0.83%
AUM$106B$314M
Distribution frequencyQuarterlyMonthly
Underlying indexNASDAQ-100 IndexInvesco QQQ Trust (QQQ)
ObjectiveTrack the NASDAQ-100 Index with a lower expense ratio alternative to QQQ.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 classEquityEquity
Inception date10/13/202009/04/2025
Beta1.181.287
Last dividend$0.3520$0.3930
Ex-dividend date06/22/202608/18/2026

Bottom lineChoose QQQM if you want a growth tilt and can accept bigger swings for higher upside. Choose TDAQ if you want to maximize current income — roughly 17.58%, 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 QQQM keeps full price exposure.

How the risk works

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. TDAQ generates 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.

Learn the mechanics: Return of capital, explained · NAV erosion, explained

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Income calculator

See how much monthly income a hypothetical investment would generate in each ETF at current yields.

Invesco
ETFs247
Total AUM$1008B

ETFs and AUM reflect what Dividend Vision tracks — the issuer's full lineup may be larger.

Invesco is a major ETF provider known for offering a comprehensive lineup spanning multiple asset classes and investment strategies. The company specializes in income-focused products including dividend, covered call, and bond strategies, while also maintaining broad exposure across equity, factor-based, thematic, and ESG investing themes. Invesco's portfolio ranges from index-tracking funds to alternatives and specialized offerings like digital assets and BulletShares, making it one of the more expansive ETF families available to investors.

See our curated list of related YouTube videos on QQQM.

See all Invesco ETFs
TappAlpha
ETFs5
Total AUM$717M

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.

See all TappAlpha ETFs

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Quick verdict

QQQM (Invesco NASDAQ 100 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 17.58% vs 0.48% for QQQM. A higher yield means more current income per dollar invested, though it may come with different risk characteristics.

QQQM is cheaper with an expense ratio of 0.15% compared to 0.83%.

They track different benchmarks: QQQM is linked to NASDAQ-100 Index while TDAQ tracks Invesco QQQ Trust (QQQ), which means their performance drivers differ.

QQQM is the larger fund by assets ($106B), which generally means tighter spreads and better liquidity.

Who should choose each?

Choose QQQM

Invesco NASDAQ 100 ETF

  • Want a growth tilt and can accept larger swings for more upside.
  • Want to keep costs low — a 0.15% expense ratio vs 0.83% for TDAQ.

Choose TDAQ

TappAlpha Innovation 100 Growth & Daily Income ETF

  • Want to maximize current income — TDAQ distributes roughly 17.58% from selling options premium, vs 0.48% for QQQM.
  • 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, QQQM would generate roughly $4.00/month, while TDAQ would produce $146.50/month, at current distribution rates.

QQQM yield0.48%
TDAQ yield17.58%
Monthly diff on $10K$142.50

Cost & efficiency

Over 10 years on $10,000, QQQM would cost approximately $150 in fees vs $830 for TDAQ (simplified, not compounded). The $680.00 difference may be offset by yield or performance.

QQQM ER0.15%
TDAQ ER0.83%

Strategy & risk

QQQM tracks NASDAQ-100 Index with a growth approach, while TDAQ tracks Invesco QQQ Trust (QQQ) with a growth approach. Beta is 1.18 for QQQM and 1.287 for TDAQ, making QQQM the less volatile of the two by this measure.

QQQM beta1.18
TDAQ beta1.287

Fund details

QQQM is managed by Invesco (launched 10/13/2020) with $106B in assets. TDAQ is managed by TappAlpha (launched 09/04/2025) with $314M in assets.

QQQM AUM$106B
TDAQ AUM$314M
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Frequently asked questions

What is the current distribution yield for QQQM and TDAQ?

QQQM currently distributes 0.48% and TDAQ 17.58%, based on fund data updated August 2026. Distribution yield moves with both the payout and the share price, so check the as-of date before relying on either figure.

Is QQQM 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 QQQM and TDAQ?

QQQM (Invesco NASDAQ 100 ETF) tracks NASDAQ-100 Index with a growth approach, while TDAQ (TappAlpha Innovation 100 Growth & Daily Income ETF) tracks Invesco QQQ Trust (QQQ) with a growth approach. They are issued by Invesco and TappAlpha respectively.

Can I hold both QQQM 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.

Is QQQM or TDAQ safer?

By Dividend Vision's Distribution Safety Score — a rules-based 0–100 estimate of how resilient a distribution looks, where higher is safer — QQQM scores 96, TDAQ scores 79, so QQQM's payout currently looks the more resilient of the two. No score makes an investment risk-free — treat this as a screening signal, not a guarantee, and the leverage, options-income, or crypto caveats flagged on this page apply regardless of score.

Which has lower fees, QQQM or TDAQ?

QQQM has an expense ratio of 0.15% 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 QQQM vs TDAQ generate?

At current rates, $10,000 in QQQM would generate roughly $4.00 per month ($48.00 annually). The same in TDAQ would produce about $146.50 per month ($1,758.00 annually).

Which has performed better historically, QQQM or TDAQ?

QQQM has outpaced TDAQ over the trailing twelve months, posting a 24.74% total return against 23.56%. Measured from Sep 2025 — when the younger fund began trading — QQQM has compounded at 26.46% a year versus 24.78% for TDAQ. Figures are total returns: price change plus every distribution reinvested. Past performance does not guarantee future results.

More comparisons to explore

QQQM vs TDAQ — at a glance

Generated August 15, 2026.

Figures quoted in this analysis are from its generation date and may lag the live snapshot table above, which always shows the latest data.

Overview

QQQM and TDAQ both track Nasdaq-100 growth stocks but take fundamentally different approaches. QQQM is a straightforward index ETF that replicates the NASDAQ-100 with a 0.15% expense ratio. TDAQ is a synthetic-income fund launched in September 2025 that holds QQQ (the flagship Nasdaq-100 tracker) and sells daily 0DTE (zero days to expiration) call options to generate a 16.88% distribution yield, capping upside in exchange for monthly income.

How they differ

The core structural difference is strategy: QQQM provides broad Nasdaq-100 index exposure with minimal friction, while TDAQ wraps that same exposure in a covered-call overlay designed to harvest option premium daily. This explains the yield gulf — QQQM distributes 0.47% annually, TDAQ 16.88%, but TDAQ's gains are capped by short calls and its NAV will erode as the yield well exceeds underlying equity returns. A second difference is cost: TDAQ's 0.71% expense ratio is more than four times QQQM's 0.15%, and that higher fee sits on top of the option-selling friction. Third, TDAQ's beta of 1.287 slightly exceeds QQQM's 1.18, suggesting its call-writing doesn't fully reduce volatility, and TDAQ's $289M AUM is a 99.7% smaller fund than QQQM's $104B, meaning tighter trading liquidity and less operational scale.

Who each is best for

QQQM: Fits investors who want core Nasdaq-100 exposure without the complexity of derivatives, seeking long-term appreciation with modest dividends and minimal costs.

TDAQ: Fits investors who prioritize current monthly income over capital appreciation, accept that holding gains are capped by short calls, and are comfortable with daily option-overlay mechanics and the possibility of NAV decline over time.

Key risks to know

  • NAV erosion at extreme distribution yields: TDAQ's 16.88% annual distribution yield far exceeds the underlying Nasdaq-100's typical earnings yield, making it likely the fund will rely heavily on return-of-capital distributions and face persistent NAV decline as option premium and underlying equity returns are insufficient to sustain payouts long-term.
  • Call-writing cap on upside: TDAQ's daily short-call overlay limits capital appreciation. If the Nasdaq-100 rallies sharply, TDAQ shareholders miss gains above the strike prices TDAQ sells, while QQQM shareholders participate fully.
  • Derivative and rollover risk: TDAQ's reliance on daily 0DTE options introduces operational and execution risk around trade timing, call strike selection, and early exercise. If implied volatility compresses, premium income shrinks and distributions may fall.
  • Fund size and liquidity risk: TDAQ's $289M AUM is substantially smaller than QQQM's $104B, and being newly launched (September 2025) has limited operating history. Wider bid-ask spreads and lower trading volume are likely.
  • Concentration in overlap holdings: Both ETFs hold Nasdaq-100 stocks (QQQM directly, TDAQ via QQQ), meaning their underlying portfolios likely overlap substantially; verify holdings to assess true diversification if both are held together.

Bottom line

QQQM is a low-friction, low-cost way to own the Nasdaq-100; TDAQ trades that simplicity for a high monthly income stream supported by call-writing and funded partly through principal erosion. If you value capital growth and liquidity, QQQM's 0.15% expense ratio and $104B scale stand out. If you prioritize income and accept capped upside and structural NAV decline, TDAQ's 16.88% yield addresses that need—but past performance doesn't predict future results, and funds this young or this dependent on derivatives carry higher execution risk.

AI-generated analysis for educational purposes only. Verify important details independently; past performance does not guarantee future results.

Learn the method

The metrics behind this comparison, explained in the Academy.

How covered-call funds work How to read a fund's stats The covered-call opportunity cost

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