TDAQ: TappAlpha Innovation 100 Growth & Daily Income ETF
TappAlpha · 0DTE / Daily Option Income · Tracks Nasdaq-100
Growth of $100
Green is what an investor who reinvested every payout would have; red is the price alone. The gap between them is the income. If the red line keeps falling, the payouts are partly your own money coming back.
Was the payout earned?
Over the last year TDAQ paid 18.9% but returned +7.7% in total, so about 32% of the payout was earned; the rest came back out of the fund's own value (its price fell).
| Earned % (3 months) | below -100% |
| Earned % (1 year) | 32% |
| Earned % (full history, up to 5 yrs) | 77% |
Earned % = total return ÷ payouts. 100% means every dollar paid out was earned; below 100% means part of it came from the fund's own value. This is an economic measure based on market price, not the tax label on the payout.
Where the DT Score comes from
Total 51.1 / 100 · rank #160 of 420. How the score works
Risk
| Sortino ratio (1Y) | 0.07 |
| Sharpe ratio (1Y) | 0.06 |
| Steadiness vs S&P 500 | 64% |
| Beta to S&P 500 | 1.40 |
| Correlation to S&P 500 | 0.90 |
| Max drop (1Y) | -15.2% |
| Max drop (up to 5 yrs) | -15.2% |
| Trend | Downtrend |
| History | 1.2 yrs |
Vs. QQQ (what it's built on)
| Upside capture | 98% |
| Downside capture | 99% |
| Capture ratio | 1.00 |
| Beta | 0.96 |
| Correlation | 0.96 |
| Tracking | Closely |
On days QQQ rose, TDAQ caught 98% of the gain; on days it fell, TDAQ took 99% of the loss.
Payout history
Each bar is one payout (last 13 shown). Pays Monthly.
| Ex-date | Amount |
|---|---|
| 2026-10-20 | $0.3830 |
| 2026-09-15 | $0.3820 |
| 2026-08-18 | $0.3930 |
| 2026-07-14 | $0.3900 |
| 2026-06-16 | $0.3950 |
| 2026-05-19 | $0.3820 |
| 2026-04-14 | $0.3500 |
| 2026-03-17 | $0.3540 |
| 2026-02-17 | $0.3570 |
| 2026-01-20 | $0.3760 |
| 2025-12-16 | $0.3740 |
| 2025-11-18 | $0.3700 |
Funds that track the same thing
Other Nasdaq-100 income funds, ranked by DT Score. See them all · Compare TDAQ with the top 3
| Fund | Category | Fwd rate | 12m yield | 1Y total ret. | Earned % 1Y | Upside capt. | Downside capt. | Tracking | DT Score | Momentum | Trend |
|---|---|---|---|---|---|---|---|---|---|---|---|
| QYLD Global X NASDAQ 100 Covered Call ETF | Index Covered Call / Option Income | 13.9% | 12.5% | +11.0% | 84% | 54% | 49% | Loosely | 72 | 48 | Downtrend |
| FTQI First Trust Nasdaq BuyWrite Income ETF | Index Covered Call / Option Income | 12.9% | 12.2% | +11.4% | 85% | 54% | 49% | Loosely | 70 | 42 | Downtrend |
| QQQX Nuveen NASDAQ 100 Dynamic Overwrite Fund | CEF - Equity | 10.2% | 9.2% | +13.3% | 123% | 77% | 71% | Loosely | 67 | 42 | Downtrend |
| BSTZ BlackRock Science and Technology Trust II | CEF - Equity | 8.1% | 15.5% | +24.9% | 136% | 130% | 119% | Loosely | 66 | 12 | Downtrend |
| BST BlackRock Science and Technology Trust | CEF - Equity | 6.9% | 15.0% | +18.0% | 108% | 107% | 99% | Loosely | 66 | 30 | Downtrend |
| TDVI FT Vest Technology Dividend Target Income ETF | Index Covered Call / Option Income | 8.2% | 8.0% | +11.6% | 123% | 88% | 84% | Loosely | 65 | 32 | Downtrend |
| CAIQ Calamos Nasdaq Autocallable Income ETF | Autocallable / Structured Income | 19.8% | 16.5% | – | – | 65% | 66% | Closely | 60 | 28 | Downtrend |
| GPIQ Goldman Sachs Nasdaq-100 Premium Income ETF | Index Covered Call / Option Income | 11.9% | 10.3% | +7.7% | 61% | 87% | 86% | Closely | 59 | 26 | Downtrend |
| QYLG Global X Nasdaq 100 Covered Call & Growth ETF | Index Covered Call / Option Income | 8.0% | 18.3% | +8.9% | 46% | 77% | 74% | Closely | 52 | 36 | Downtrend |
| JEPQ JPMorgan Nasdaq Equity Premium Income ETF | Index Covered Call / Option Income | 12.5% | 11.8% | +5.1% | 34% | 72% | 72% | Closely | 50 | 31 | Downtrend |
About TDAQ
| Issuer | TappAlpha |
| Structure | ETF |
| Category | 0DTE / Daily Option Income |
| Strategy | Index exposure plus daily-expiry (0DTE) calls on a portion, retaining some upside |
| Underlying | Innovation 100 (Nasdaq-100 style) |
| Exposure | Nasdaq-100 / Tech |
| Index linkage | Partial - options/overlay on index |
| Pays | Monthly |
| Expense ratio | 0.69% |
| Launched | 2025 |
| Uses leverage | No |
| Upside capped | Partial |
| Rate sensitivity | Neutral |
| Return of capital common | Sometimes |
| Tax notes | Ordinary income and some ROC |
Research notes: Expense ratio from memory - verify; inception approximate.
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