NFLW vs TDAX

NFLWCRoundhill NFLX WeeklyPay ETF

TDAXCTDAQ Lift ETF

In short

NFLW A Netflix trade with a paycheck attached: NFLW targets 1.2 times NFLX's calendar-week total return and pays out weekly, resetting leverage at each week's close rather than daily. Fee: 1.00%, no waiver.

TDAX Leverage with the volume turned down. TDAX aims for 130% of the daily move of TappAlpha's Nasdaq-100 daily-call income ETF, and it pays monthly. Fee is 0.97% net of a waiver through April 30, 2028, against 1.59% gross.

Stated mandate

NFLW NFLW seeks weekly distributions and calendar-week returns, before fees and expenses, equal to 1.2 times the calendar-week total return of Netflix common shares.

TDAX The fund seeks daily leveraged investment results by magnifying 130% of the daily performance of the TappAlpha Innovation 100 Growth & Daily Income ETF.

Why people hold it

• NFLW The dial is 1.2x, not 2x or 3x, and exposure resets at the close of the last business day of each calendar week instead of daily.roundhillinvestments.com
• Cash arrives weekly rather than quarterly: the fund expects to pay a distribution every week, which is the whole point of the WeeklyPay wrapper.roundhillinvestments.com
• At 1.00% with no waiver, it matches Roundhill's AAPW and AMDW (both 1.00%) and sits near the category median fee.
• Plain plumbing: NFLX total return swaps plus NFLX shares, at least 80% of net assets, and it has tracked its stated 1.2x weekly target closely since its 2025 launch.sec.gov

• TDAX The multiple is 130%, not 200% or 300%. Same daily-reset machinery as the 2x and 3x crowd, dialed to a gentler setting.sec.gov
• It levers a basket, not a single name: TDAQ holds Nasdaq-100 exposure and writes same-day calls, so one earnings miss doesn't own the whole trade.tappalphafunds.com
• At 0.97% net of a waiver through April 30, 2028, it sits under single-stock income peers AAPW and MSFW at 1.00% and TSYX at 0.98%, and near the category's typical fee.
• Distributions arrive monthly, carried up from the income engine underneath.tappalphafunds.com

Worth knowing

• NFLW Leverage runs both ways: a bad week for Netflix is amplified by the same 1.2x, and over longer stretches returns can vary in amount and direction from the stated multiple.sec.gov
• By design, the adviser intends all or a significant portion of the weekly payout to be return of capital, which is neither income nor profit and trims your cost basis.sec.govroundhillinvestments.com
• It is a small fund that trades lightly, so spreads can run wide, and buying mid-week leaves you with exposure that differs from 1.2x until the next reset.roundhillinvestments.com

• TDAX Exposure resets each close. Over longer stretches your result is compounded daily moves, which the prospectus says will very likely differ from 130% of TDAQ's return.sec.gov
• TDAQ sells calls expiring the same day, which trims how much of a big up-move passes through. TDAX magnifies what's left, not the index's full move.tappalphafunds.com
• The 0.97% is net of a waiver running to April 30, 2028; the stated gross figure is 1.59%. Launched January 2026, so the live record is short.

Full NFLW profile⁠

Full TDAX profile⁠