TDAX vs UBEW: Grades, Fees and Holdings Compared

TDAQ Lift ETF

TDAXCCboe

Roundhill UBER WeeklyPay ETF

UBEWCCboe

Overlap

0.0%by weight

Expense ratio

TDAX −0.01pt a year

TDAX0.98%UBEW0.99%

Avg volume · 30D

TDAX 13.0×the volume

TDAX61.8KUBEW4.76K

TDAX vs UBEW Performance

Jul 31, 2026 – Nov 2, 2026

−3.1%TDAX−7.5%UBEW

Expense ratio: TDAX 0.98%, better; UBEW 0.99%
Fund size: TDAX $70M; UBEW $3M
1Y total return: TDAX No data; UBEW −39.1%
Holdings: TDAX 3; UBEW 4
Avg volume (30D): TDAX 61.8K sh, better; UBEW 4.76K sh
NAV per share: TDAX $21.49; UBEW $21.66
52W range

ETF.net Grade

Pillar letters and Scores for TDAX, UBEW, with each pillar’s weight
Pillar	TDAX	UBEW
Cost30% weight	B69Higher	C48
Mission25% weight	F1	Not scored
Risk15% weight	A80Higher	D32
Tradability15% weight	C44Higher	D25
Holdings10% weight	C47	B61Higher
Durability5% weight	D38Higher	D28

Rank among Leveraged Single-Stock Income funds

How we build Categories ›

Same Category. TDAX and UBEW are both graded against the same 17 Leveraged Single-Stock Income funds, so their Grades compare head to head.

Leveraged Single-Stock Income⁠

Category · 17 funds

See all 17 ›

TDAX ranks 12th and UBEW 16th of 17 funds in the Leveraged Single-Stock Income Category.

Rank 11CGDXWRoundhill Gold Miners WeeklyPay ETFScore 49
Rank 12CTDAXTDAQ Lift ETFScore 46
Rank 13CCOIWRoundhill COIN WeeklyPay ETFScore 45
Rank 15CMSTWRoundhill MSTR WeeklyPay ETFScore 43
Rank 16CUBEWRoundhill UBER WeeklyPay ETFScore 40
Rank 17DBABWRoundhill BABA WeeklyPay ETFScore 32

Our read on each fund

ETF.net Research

TDAXCTDAQ Lift ETF

UBEWCRoundhill UBER WeeklyPay ETF

In short

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.

UBEW No data

Stated mandate

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

UBEW No data

Why people hold it

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

UBEW No data

Worth knowing

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.

UBEW No data

Full TDAX profile⁠

Full UBEW profile⁠

TDAX vs UBEW Holdings

How TDAX and UBEW differ

Overlap by weight

0.0%

Shared holdings make up 0.0% of TDAX and 0.0% of UBEW.

Level by level

Holdings0 in both0.0%
Countryby domicile97.3%
Asset classEquity100%

Sector

No Sector split for TDAX and UBEW.

Country, concentration and asset class

Country by domicile

Country weights in TDAX and UBEW, widest gap first
Country	More in TDAXMore in UBEW	TDAX	UBEW
United States	UBEW +2.7 points	97.3%	100.0%
Canada	TDAX +1.1 points	1.1%	0.0%
Netherlands	TDAX +0.8 points	0.8%	0.0%
Other countries (3)	TDAX +0.8 points	0.8%	0.0%

Concentration

Weight in the 10 largest Holdings

TDAX131.8%
UBEW219.4%

Securities held

TDAX2
UBEW3

Asset class

TDAX: Equity
UBEW: Equity

Holdings

Only in TDAX2
In both0
Only in UBEW3

Only in TDAX

2 securities, 89.8% of TDAX by weight

TappAlpha Innovation 100 Growth & Daily Income ETF89.51%
First American Government Obligations Fund 12/01/20310.33%

Only in UBEW

3 securities, 100% of UBEW by weight

United States Treasury Bill 12/03/202694.53%
Uber Technologies Inc20.00%
First American Government Obligations Fund 12/01/20314.93%

Weight gaps

TDAX and UBEW share no securities.

All 4 TDAX holdings⁠All UBEW 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.

TDAX vs UBEW Cost

Overpaying UBEW vs TDAX

$163

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

TDAX 0.98%
$18,362
UBEW 0.99%
$18,525

Amount$10,000

Years30 years

Cost over time

TDAX 0.98%
UBEW 0.99%
Overpaying

Year by year

Year	TDAX	UBEW	Overpaying
10	$1,729	$1,746	$17
20	$6,504	$6,565	$61
30	$18,362	$18,525	$163

Expense ratio

0.98%TDAX, cheaper
0.99%UBEW

TDAX0.98%UBEW0.99%

0.98%1.00%

Middle half of Leveraged Single-Stock Income funds
Median 1.00%

TDAX cheapest of 17 funds

UBEW 3rd cheapest of 17 funds

TDAX vs UBEW Dividends

Last 12 months to Nov 2, 2026

Last payment: TDAX $0.10; UBEW $0.10
Ex-dividend: TDAX Oct 28, 2026; UBEW Nov 2, 2026
Paid on: TDAX Oct 29, 2026; UBEW Pays Nov 3, 2026
Frequency: TDAX Weekly; UBEW Weekly

Distribution history

Per share, 2026, same scale for both

TDAXWeekly · 41 paymentsAll TDAX payments⁠

UBEWWeekly · 44 paymentsAll UBEW payments⁠

TDAX vs UBEW Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years: TDAX No dataUBEW 21.9%since Nov 2025
Return per unit of riskSharpe ratio, 3 years: TDAX No dataUBEW −2.40since Nov 2025
Worst fallMax drawdown, 5 years: TDAX No dataUBEW −43.1%since Oct 2025
Market sensitivityBeta, 5 years: TDAX 1.92UBEW 0.71; Market = 1

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