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Launched

TappAlpha Innovation 100 Growth & Daily Income ETF

TDAQCboeTappAlphaB

$24.87−0.21 (−0.84%)

At close: Nov 2, 2026, 4:00 PM ET

B66/ 100

Rank 10 of 31 in Nasdaq-100 Option Income

B66/100Rank 10 of 31inNasdaq-100 Option Income
Intraday session: down, 79 prints from 25.08 to 24.87. Range 24.82 to 25.54. Use the arrow keys to read each point.25.0025.2025.4010 AM12 PM2 PM4 PM
Expense ratio
0.68%
Fund size
$473M
1Y total return
+8.8%
Yield · Last 12 months
18.12%
Holdings
104
Avg volume · 30D
479K sh
52W range
low $22.70high $29.51
Launched

The ETF.net TDAQ Grade

B

Score 66 out of 100

Category
Nasdaq-100 Option Income⁠
Rank
10 of 31
Six-pillar profile for TDAQ. Scores out of 100: Cost 53, Risk 40, Mission 97, Tradability 69, Holdings 78, Durability 50. Strongest: Mission (97). Weakest: Risk (40). Leans toward Mission.

Score 66 of 100 falls in the B band. A is 70 or higher, B 55 to under 70, C 40 to under 55, D 25 to under 40, F under 25.

  • Cost

    The fund’s net expense ratio, ranked against its category.
    C53 out of 100
    Rank 14 of 31

  • Mission

    Whether the fund did what it promised, tested against its stated mandate.
    A97 out of 100
    Rank 9 of 20

  • Risk

    How the fund held up when markets fell: downside volatility, drawdowns and tail loss.
    C40 out of 100
    Rank 20 of 31

  • Tradability

    How easy the fund is to trade: daily volume, and how far its price strays from net asset value.
    B69 out of 100
    Rank 8 of 31

  • Holdings

    How concentrated the fund is, and how complete and current its disclosed holdings are.
    A78 out of 100
    Rank 5 of 23

  • Durability

    Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.
    C50 out of 100
    Rank 16 of 31

Our read on TDAQ

ETF.net Research

In short

BTDAQ resets daily: it holds the Nasdaq-100 through an index ETF and sells out-of-the-money calls that generally expire the same day, turning part of the index's upside into monthly income.

Stated mandate

The actively managed ETF seeks current income and capital appreciation through a long QQQ position combined with short call options. It sells out-of-the-money calls each day, generally with zero days to expiration.

Why people hold it

  • Each short call generally expires the same day, so the cap resets every morning; the prospectus says daily options track the underlying more closely than longer-dated overwrites.sec.gov
  • Premium comes in every session and goes out monthly. Strikes are set by an active manager each day rather than locked into one monthly expiry.
  • Does what it says on the tin: long Nasdaq-100 exposure plus daily out-of-the-money calls, and it sits in the upper half of its Nasdaq-100 income peer group.

Worth knowing

  • At 0.68% with no waiver, the fee sits near the category median; cheaper builds exist, like GPIQ at 0.29% net of a waiver through April 30, 2027, and JEPQ at 0.35%.
  • Selling calls hands over gains above the strike. Daily resets shorten how long that cap binds, but the income still comes out of upside.sec.gov
  • A September 2025 launch means a short track record, and premiums (so the monthly payout) rise and fall with volatility on a concentrated, tech-heavy index.

TDAQ Performance

Launched Sep 4, 2025

Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.

Not enough history yet.Not enough history yet.Not enough history yet.
TDAQ$10,880
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$11,146
Oct 31, 2025 to Nov 2, 2026. TDAQ $10,880. SPY $11,146. Use the arrow keys to read each point.$10,000$11,000$12,000Oct 2025May 2026Nov 2026

Oct 31, 2025 – Nov 2, 2026

Returns run to the Nov 2, 2026 close, with cash distributions reinvested. Each period starts on the same date that many months or years earlier. Periods over one year show the average yearly return.

Trailing total return for TDAQ. Periods over one year show the average yearly return.
PeriodTDAQ
Year to date+10.0%
1 month−8.7%
3 months−0.8%
1 year+8.8%
3 yearsFund is under 3 years oldper yearNo data
5 yearsFund is under 5 years oldper yearNo data
10 yearsFund is under 10 years oldper yearNo data

With distributions reinvested.

Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.

Annual total returns for TDAQ
YearReturn barTDAQ
2026 YTD+10.0%
2025+8.9%

Since listing, Sep 4, 2025

TDAQ in the news

TDAQ Dividends

Adds up every distribution paid per share over the last 12 months, divided by the last completed close. Distributions are counted by ex-date. Data through Nov 2, 2026.
18.12%Last 12 months
Payout per share
$4.51Last 12 months
Last payment
$0.38 per share
Paid on
Shares bought on or after this date do not qualify for this distribution.
Frequency
Monthly

Distribution history

2025–2026

One bar per payment. 13 payments from 2025 to 2026 YTD. Oct 21, 2025 $0.38; Nov 18, 2025 $0.37; Dec 16, 2025 $0.37; Jan 20, 2026 $0.38; Feb 17, 2026 $0.36; Mar 17, 2026 $0.35; Apr 14, 2026 $0.35; May 19, 2026 $0.38; Jun 16, 2026 $0.40; Jul 14, 2026 $0.39; Aug 18, 2026 $0.39; Sep 15, 2026 $0.38; Oct 20, 2026 $0.38. Use the arrow keys to read each point.20252026YTD
Ex-datePay dateAmount per share
Oct 20, 2026Oct 21, 2026$0.38
Sep 15, 2026Sep 16, 2026$0.38
Aug 18, 2026Aug 19, 2026$0.39
Jul 14, 2026Jul 15, 2026$0.39
Jun 16, 2026Jun 17, 2026$0.40
May 19, 2026May 20, 2026$0.38
Apr 14, 2026Apr 15, 2026$0.35
Mar 17, 2026Mar 18, 2026$0.35
Feb 17, 2026Feb 18, 2026$0.36
Jan 20, 2026Jan 21, 2026$0.38
Dec 16, 2025Dec 17, 2025$0.37
Nov 18, 2025Nov 19, 2025$0.37

See all 13 payments⁠

$10,000 in TDAQ 1 year ago paid $1,651 in dividends.⁠

TDAQ Risk

Risk pillarC40 out of 100Rank 20 of 31 in Nasdaq-100 Option Income
How much the fund’s monthly returns vary, scaled to a year.
21.5%
Annualised · 13 months to Oct 2026
How it’s calculated: standard deviation

The sample standard deviation of monthly total returns, multiplied by the square root of 12.

Uses up to 36 complete months, with at least 12 required. Total returns include reinvested distributions.

Return above 3-month US Treasury bills per unit of volatility.
0.53
vs 3-month T-bills · 13 months to Oct 2026
How it’s calculated: Sharpe ratio

Subtract each month’s Treasury-bill return from the fund’s monthly total return.

Divide the average of those excess returns by their sample standard deviation, then multiply by the square root of 12.

Uses up to 36 complete months, with at least 12 required. Each month uses the Treasury yield quoted at the end of the previous month.

The largest fall from a peak to the low that followed.
−11.7%
13 months · trough Jul 2026
How it’s calculated: maximum drawdown

The largest percentage decline from an earlier peak, using total returns with reinvested distributions.

Uses up to five years through the last close, with at least 12 months required.

How strongly the fund’s returns move with its asset-class index.
1.47
vs its asset-class index
How it’s calculated: beta

The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.

FMP measures it over up to five years of monthly returns.

TDAQ Cost

Compare TDAQ and EDGQ

Overpaying vs EDGQ, cheapest in Nasdaq-100 Option Income

$13,252

On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.

  • TDAQ 0.68%

    $13,252

  • EDGQ 0.00% Cheapest

    $0

$10,000
30 years

Cost over time

  • TDAQ 0.68%
  • EDGQ 0.00%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$5K$10K$15K051015202530TDAQ $13,252EDGQ $0

Year by year

YearTDAQEDGQOverpaying
10$1,215$0$1,215
20$4,633$0$4,633
30$13,252$0$13,252

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