QYLD vs TDAQ: Grades, Fees and Holdings Compared

Global X Nasdaq 100 Covered Call ETF

QYLDANasdaq

TappAlpha Innovation 100 Growth & Daily Income ETF

TDAQBCboe

Overlap

98.7%by weight

Expense ratio

QYLD −0.08pt a year

QYLD0.60%TDAQ0.68%

Avg volume · 30D

QYLD 9.0×the volume

QYLD4.31MTDAQ479K

QYLD vs TDAQ Performance

Oct 31, 2025 – Nov 2, 2026

+14.3%QYLD+8.8%TDAQ

Expense ratio: QYLD 0.60%, better; TDAQ 0.68%
Fund size: QYLD $8.2B; TDAQ $473M
1Y total return: QYLD +14.3%, better; TDAQ +8.8%
Yield (12M): QYLD 12.11%; TDAQ 18.12%, better
Holdings: QYLD 102; TDAQ 104
Avg volume (30D): QYLD 4.31M sh, better; TDAQ 479K sh
NAV per share: QYLD $17.88; TDAQ $25.18
52W range

ETF.net Grade

Pillar letters and Scores for QYLD, TDAQ, with each pillar’s weight
Pillar	QYLD	TDAQ
Cost30% weight	B65Higher	C53
Mission25% weight	A100Higher	A97
Risk15% weight	A71Higher	C40
Tradability15% weight	A89Higher	B69
Holdings10% weight	B68	A78Higher
Durability5% weight	A90Higher	C50

Rank among Nasdaq-100 Option Income funds

How we build Categories ›

Same Category. QYLD and TDAQ are both graded against the same 30 Nasdaq-100 Option Income funds, so their Grades compare head to head.

Nasdaq-100 Option Income⁠

Category · 30 funds

See all 30 ›

QYLD ranks 3rd and TDAQ 10th of 30 funds in the Nasdaq-100 Option Income Category.

Rank 1AGPIQGoldman Sachs Nasdaq-100 Premium Income ETFScore 84
Rank 2AQQAInvesco QQQ Income Advantage ETFScore 82
Rank 3AJEPQJPMorgan Nasdaq Equity Premium Income ETFScore 79
Rank 3AQYLDGlobal X Nasdaq 100 Covered Call ETFScore 79
Rank 5AQYLGGlobal X Nasdaq 100 Covered Call & Growth ETFScore 77
Rank 10BQRMIGlobal X Nasdaq 100 Risk Managed Income ETFScore 66
Rank 10BTDAQTappAlpha Innovation 100 Growth & Daily Income ETFScore 66
Rank 13BEDGQGlobal X Nasdaq-100 Income Edge ETFScore 61

Our read on each fund

ETF.net Research

QYLDAGlobal X Nasdaq 100 Covered Call ETF

TDAQBTappAlpha Innovation 100 Growth & Daily Income ETF

In short

QYLD Running since 2013, QYLD is the no-frills version of the Nasdaq-100 income trade: own the index, sell calls against it, pay out monthly. No stock picking, no manager discretion, just a rules-based buy-write index followed closely.

TDAQ TDAQ 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

QYLD QYLD seeks, before fees and expenses, to generally match the price and yield performance of the Cboe NASDAQ-100® BuyWrite V2 Index. It uses a buy-write strategy that holds NASDAQ-100 stocks and sells corresponding call options.

TDAQ 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

QYLD Simple machine: holds Nasdaq-100 stocks, sells the matching calls, and tracks the Cboe NASDAQ-100 BuyWrite V2 Index closely. Nothing to second-guess.
Income arrives monthly, and the 0.60% fee sits under the median for Nasdaq-100 options-income funds.
A multi-billion-dollar fund that trades very actively, so getting in and out is rarely the hard part.

TDAQ 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

QYLD Writing calls sells the upside. When the Nasdaq-100 runs past the strike, that gain goes to the option buyer, not the fund.
Leaner options on the same index: QQA at 0.33%, GPIQ and JEPQ at 0.35%.
Payouts are funded by option premium and no target rate is declared, so the monthly check varies with volatility.

TDAQ 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.

Full QYLD profile⁠

Full TDAQ profile⁠

QYLD vs TDAQ Holdings

How QYLD and TDAQ differ

Overlap by weight

98.7%

Shared holdings make up 100% of QYLD and 99.7% of TDAQ.

Level by level

Sector10 Sectors96.7%
Holdings101 in both98.7%
Asset classEquity100%
Countryby domicile100%

Sector

Sector weights in QYLD and TDAQ, widest gap first
Sector	More in QYLDMore in TDAQ	QYLD	TDAQ
Technology	QYLD +2.7 points	60.3%	57.6%
Consumer Staples	TDAQ +1.0 points	5.6%	6.6%
Consumer Discretionary	TDAQ +0.8 points	10.1%	10.9%
Health Care	TDAQ +0.7 points	3.8%	4.5%
Communication	QYLD +0.6 points	12.6%	12.0%
Industrials	TDAQ +0.4 points	5.1%	5.5%
Utilities	TDAQ +0.1 points	1.0%	1.1%
Materials	TDAQ +0.1 points	0.9%	1.0%
Financials	Same weight	0.2%	0.2%
Energy	TDAQ +0.1 points	0.4%	0.5%

Country, concentration and asset class

Country by domicile

Country weights in QYLD and TDAQ, widest gap first
Country	More in QYLDMore in TDAQ	QYLD	TDAQ
United States	Same weight	97.3%	97.3%
Canada	Same weight	1.1%	1.1%
Netherlands	Same weight	0.9%	0.9%
Brazil	Same weight	0.4%	0.4%
China	Same weight	0.2%	0.2%
United Kingdom	Same weight	0.2%	0.2%

Concentration

Weight in the 10 largest Holdings

QYLD47.0%
TDAQ46.4%

Securities held

QYLD101
TDAQ103

Asset class

QYLD: Equity
TDAQ: Equity

Holdings

Only in QYLD0
In both101
Only in TDAQ2

Only in QYLD

0 securities, 0.0% of QYLD by weight

Only in TDAQ

2 securities, 0.2% of TDAQ by weight

First American Government Obligations Fund 12/01/20310.20%
NASDAQ-1 Cll Opt 11/26 28940<0.01%

Weight gaps

The 100 widest of 101 Holdings in both funds.

Holding weights in QYLD and TDAQ, widest gap first
Holding	More in QYLDMore in TDAQ	QYLD	TDAQ
Advanced Micro DevicesAMD	QYLD +0.27 points	3.73%	3.46%
Micron Technology IncMU	QYLD +0.24 points	4.52%	4.28%
Microsoft CorpMSFT	QYLD +0.15 points	6.35%	6.20%
Intel CorpINTC	QYLD +0.13 points	1.56%	1.43%
Amazon.com IncAMZN	TDAQ +0.11 points	4.25%	4.36%
Apple IncAAPL	QYLD +0.11 points	8.24%	8.13%
Walmart IncWMT	TDAQ +0.10 points	2.72%	2.82%
Marvell Technology IncMRVL	QYLD +0.10 points	0.78%	0.68%
NVIDIA CorpNVDA	QYLD +0.07 points	8.08%	8.01%
Costco Wholesale CorpCOST	TDAQ +0.07 points	2.03%	2.10%
Lumentum Holdings IncLITE	QYLD +0.06 points	0.34%	0.28%
Lam Research CorpLRCX	QYLD +0.06 points	1.35%	1.29%
Palantir Technologies Inc-APLTR	QYLD +0.06 points	1.92%	1.86%
Applied Materials IncAMAT	QYLD +0.05 points	1.40%	1.35%
Cisco Systems IncCSCO	QYLD +0.05 points	1.86%	1.81%
Tesla IncTSLA	TDAQ +0.05 points	3.44%	3.49%
Idexx Laboratories IncIDXX	TDAQ +0.04 points	0.20%	0.24%
Seagate Technology HoldingsSTX	QYLD +0.04 points	0.66%	0.62%
Palo Alto Networks IncPANW	QYLD +0.05 points	1.35%	1.30%
Western Digital CorpWDC	QYLD +0.05 points	0.60%	0.55%
Space Exploration Techn-Cl ASPCX	TDAQ +0.05 points	2.61%	2.66%
Sandisk CorpSNDK	QYLD +0.04 points	0.76%	0.72%
Crowdstrike Holdings Inc - ACRWD	QYLD +0.03 points	1.16%	1.13%
Doordash Inc - ADASH	TDAQ +0.03 points	0.33%	0.36%
Mercadolibre IncMELI	TDAQ +0.03 points	0.37%	0.40%
Meta Platforms IncMETA	QYLD +0.03 points	3.00%	2.97%
Fortinet IncFTNT	QYLD +0.02 points	0.44%	0.42%
Cintas CorpCTAS	TDAQ +0.03 points	0.39%	0.41%
Datadog Inc - Class ADDOG	QYLD +0.02 points	0.35%	0.33%
Broadcom IncAVGO	QYLD +0.02 points	2.54%	2.52%
Comcast Corp-Class ACMCSA	TDAQ +0.02 points	0.36%	0.39%
Monolithic Power Systems IncMPWR	TDAQ +0.02 points	0.27%	0.29%
Astera Labs IncALAB	QYLD +0.02 points	0.20%	0.18%
Marriott International -Cl AMAR	TDAQ +0.02 points	0.47%	0.49%
T-Mobile Us IncTMUS	TDAQ +0.02 points	0.76%	0.78%
Intuit IncINTU	TDAQ +0.03 points	0.41%	0.44%
Kla CorpKLAC	QYLD +0.02 points	0.93%	0.91%
Pepsico IncPEP	TDAQ +0.02 points	0.85%	0.87%
Airbnb Inc-Class AABNB	TDAQ +0.02 points	0.31%	0.33%
Honeywell International IncHON	TDAQ +0.02 points	0.31%	0.33%
Asml Holding Nv-Ny Reg ShsASML	QYLD +0.01 points	0.66%	0.65%
Arm Holdings Plc-AdrARM	QYLD +0.02 points	0.41%	0.39%
Booking Holdings IncBKNG	TDAQ +0.02 points	0.50%	0.52%
Monster Beverage CorpMNST	TDAQ +0.02 points	0.41%	0.43%
Nebius Group NVNBIS	QYLD +0.02 points	0.17%	0.15%
Linde PLCLIN	TDAQ +0.02 points	1.07%	1.09%
Cadence Design Sys IncCDNS	TDAQ +0.02 points	0.40%	0.42%
Intuitive Surgical IncISRG	TDAQ +0.01 points	0.69%	0.70%
Netflix IncNFLX	TDAQ +0.01 points	1.17%	1.18%
Mondelez International Inc-AMDLZ	TDAQ +0.01 points	0.37%	0.38%
Pdd Holdings IncPDD	TDAQ +0.01 points	0.23%	0.24%
PayPal Holdings IncPYPL	TDAQ +0.01 points	0.22%	0.23%
Ross Stores IncROST	TDAQ +0.01 points	0.33%	0.34%
Ge Healthcare TechnologyGEHC	TDAQ +0.01 points	0.16%	0.17%
Regeneron PharmaceuticalsREGN	TDAQ +0.01 points	0.42%	0.43%
Moderna IncMRNA	TDAQ +0.01 points	0.39%	0.40%
O'reilly Automotive IncORLY	TDAQ +0.01 points	0.32%	0.33%
Coreweave Inc-Cl ACRWV	QYLD +0.01 points	0.11%	0.10%
Constellation EnergyCEG	QYLD +0.01 points	0.42%	0.41%
Baker Hughes CoBKR	QYLD +0.01 points	0.25%	0.24%
Analog Devices IncADI	QYLD +0.01 points	0.91%	0.90%
Csx CorpCSX	TDAQ +0.01 points	0.43%	0.44%
Paychex IncPAYX	TDAQ +0.01 points	0.18%	0.19%
Thomson Reuters CorpTRI	TDAQ +0.01 points	0.20%	0.21%
Rocket Lab CorpRKLB	QYLD +0.01 points	0.15%	0.14%
Alphabet Inc-Cl CGOOG	TDAQ +0.01 points	2.52%	2.53%
Honeywell Aerospace IncHONA	TDAQ +0.01 points	0.22%	0.23%
Dexcom IncDXCM	TDAQ +0.01 points	0.14%	0.15%
Fastenal CoFAST	TDAQ +0.01 points	0.26%	0.27%
Autodesk IncADSK	Same weight	0.24%	0.24%
Exelon CorpEXC	Same weight	0.22%	0.22%
Teradyne IncTER	Same weight	0.19%	0.19%
Alphabet Inc-Cl AGOOGL	TDAQ +0.01 points	2.69%	2.70%
Qualcomm IncQCOM	Same weight	0.78%	0.78%
Diamondback Energy IncFANG	Same weight	0.26%	0.26%
Gilead Sciences IncGILD	Same weight	0.96%	0.96%
Keurig Dr Pepper IncKDP	Same weight	0.22%	0.22%
Amgen IncAMGN	Same weight	1.14%	1.14%
Xcel Energy IncXEL	Same weight	0.23%	0.23%
Workday Inc-Class AWDAY	QYLD +0.01 points	0.18%	0.17%
Paccar IncPCAR	TDAQ +0.01 points	0.24%	0.25%
Strategy Inc- Class AMSTR	Same weight	0.21%	0.21%
Automatic Data ProcessingADP	Same weight	0.53%	0.53%
Coca-Cola Europacific Partners PLCCCEP	TDAQ +0.01 points	0.22%	0.23%
Ferrovial NVFER	TDAQ +0.01 points	0.18%	0.19%
Roper Technologies IncROP	Same weight	0.21%	0.21%
Texas Instruments IncTXN	TDAQ +0.01 points	1.24%	1.25%
Alnylam Pharmaceuticals IncALNY	Same weight	0.10%	0.10%
Synopsys IncSNPS	Same weight	0.40%	0.40%
American Electric PowerAEP	TDAQ +0.01 points	0.31%	0.32%
Take-Two Interactive SoftwreTTWO	Same weight	0.16%	0.16%
Copart IncCPRT	Same weight	0.13%	0.13%
Old Dominion Freight LineODFL	Same weight	0.16%	0.16%
Applovin Corp-Class AAPP	Same weight	0.31%	0.31%
Shopify Inc - Class ASHOP	Same weight	0.86%	0.86%
Starbucks CorpSBUX	TDAQ +0.01 points	0.53%	0.54%
Axon Enterprise IncAXON	Same weight	0.16%	0.16%
Vertex Pharmaceuticals IncVRTX	Same weight	0.64%	0.64%
Adobe IncADBE	Same weight	0.45%	0.45%
Nxp Semiconductors NVNXPI	Same weight	0.29%	0.29%

All 102 QYLD holdings⁠All 105 TDAQ holdings⁠

How we measure overlap

Each holding counts at its smaller weight in the two funds, summed over the full Holdings. Sector, country and asset class use the same rule on each fund’s split. Cash, FX and derivative lines stay out of the counts. Two bond funds get no overlap figure.

QYLD vs TDAQ Cost

Overpaying TDAQ vs QYLD

$1,435

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

QYLD 0.60%
$11,817
TDAQ 0.68%
$13,252

Amount$10,000

Years30 years

Cost over time

QYLD 0.60%
TDAQ 0.68%
Overpaying

Year by year

Year	QYLD	TDAQ	Overpaying
10	$1,076	$1,215	$139
20	$4,116	$4,633	$517
30	$11,817	$13,252	$1,435

Expense ratio

0.60%QYLD, cheaper
0.68%TDAQ

QYLD0.60%TDAQ0.68%

0.00%1.20%

Middle half of Nasdaq-100 Option Income funds
Median 0.71%

QYLD 10th cheapest of 30 funds

TDAQ 13th cheapest of 30 funds

QYLD vs TDAQ Dividends

Last 12 months to Nov 2, 2026

Yield (12M): QYLD 12.11%; TDAQ 18.12%, better
Payout (12M): QYLD $2.14; TDAQ $4.51
Last payment: QYLD $0.18; TDAQ $0.38
Ex-dividend: QYLD Oct 19, 2026; TDAQ Oct 20, 2026
Paid on: QYLD Oct 22, 2026; TDAQ Oct 21, 2026
Frequency: QYLD Monthly; TDAQ Monthly

Distribution history

Per share, 2023 to 2026, same scale for both

QYLDMonthly · 46 paymentsAll QYLD payments⁠

TDAQMonthly · 13 paymentsAll TDAQ payments⁠

QYLD vs TDAQ Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years: QYLD 8.1%TDAQ 21.5%since Oct 2025
Return per unit of riskSharpe ratio, 3 years: QYLD 1.31TDAQ 0.53since Oct 2025
Worst fallMax drawdown, 5 years: QYLD −24.6%TDAQ −11.7%since Sep 2025
Market sensitivityBeta, 5 years: QYLD 0.48TDAQ 1.47; Market = 1

QYLD and TDAQ in the news

All news⁠

Category Review
The four largest Nasdaq-100 income funds trailed the stocks by 0.9 to 5.8 percentage points
Updated Oct 2, 2026QYLD
Income Watch
A 25.22% distribution rate met a -0.32% SEC yield as the 10-year paid 5.01%
Sep 20, 2026QYLD

Popular comparisons

QYLDAvsGPIQA
Global X Nasdaq 100 Covered Call ETF · Goldman Sachs Nasdaq-100 Premium Income ETF
Expense ratio
0.60% · 0.29%
Category
TDAQBvsGPIQA
TappAlpha Innovation 100 Growth & Daily Income ETF · Goldman Sachs Nasdaq-100 Premium Income ETF
Expense ratio
0.68% · 0.29%
Category
QYLDAvsQQAA
Global X Nasdaq 100 Covered Call ETF · Invesco QQQ Income Advantage ETF
Expense ratio
0.60% · 0.29%
Category
TDAQBvsQQAA
TappAlpha Innovation 100 Growth & Daily Income ETF · Invesco QQQ Income Advantage ETF
Expense ratio
0.68% · 0.29%
Category
QYLDAvsJEPQA
Global X Nasdaq 100 Covered Call ETF · JPMorgan Nasdaq Equity Premium Income ETF
Expense ratio
0.60% · 0.35%
Category
TDAQBvsJEPQA
TappAlpha Innovation 100 Growth & Daily Income ETF · JPMorgan Nasdaq Equity Premium Income ETF
Expense ratio
0.68% · 0.35%
Category