TDAQ vs FRWD
Comparison between TAPPALPHA INNOVATION 100 GROWTH & DAILY INCOME ETF (TDAQ, ETF) and NOMURA TRANSFORMATIONAL TECHNOLOGIES ETF (FRWD, ETF).
TDAQ vs FRWD - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
TDAQ vs FRWD - Holdings Comparison
TDAQ and FRWD have 0 common holdings. Overlap is 0.00%
TDAQ's top 25 holdings weight is 99.87%. FRWD's top 25 holdings weight is 97.61%.
| Rank | TDAQ | FRWD |
|---|---|---|
| #1 | INVESCO NASDAQ 100 ETF (QQQM) - 99.82% | NVIDIA CORP (NVDA) - 8.79% |
| #2 | FIRST AMERICAN GOVERNMENT OBLIGS X (FGXXX) - 0.05% | ADVANCED MICRO DEVICES INC (AMD) - 7.44% |
| #3 | N/A | SEAGATE TECHNOLOGY HOLDINGS PLC (STX) - 7.27% |
| #4 | N/A | TAIWAN SEMICONDUCTOR MANUFACTURING CO LTD ADR (TSM) - 5.75% |
| #5 | N/A | LAM RESEARCH CORP (LRCX) - 5.23% |
| #6 | N/A | BROADCOM INC (AVGO) - 4.77% |
| #7 | N/A | WESTERN DIGITAL CORP (WDC) - 4.69% |
| #8 | N/A | ASML HOLDING NV ADR (ASML) - 4.68% |
| #9 | N/A | MICRON TECHNOLOGY INC (MU) - 4.09% |
| #10 | N/A | TEXAS INSTRUMENTS INC (TXN) - 3.79% |
| #11 | N/A | NETFLIX INC (NFLX) - 3.69% |
| #12 | N/A | SAMSUNG ELECTRONICS CO LTD (n/a) - 3.53% |
| #13 | N/A | ALPHABET INC CLASS A (GOOGL) - 3.14% |
| #14 | N/A | MERCADOLIBRE INC (MELI) - 3.12% |
| #15 | N/A | DOORDASH INC ORDINARY SHARES CLASS A (DASH) - 3.11% |
| #16 | N/A | CELESTICA INC ORDINARY SHARES (SUBORDINATE VOTING) (CLS) - 2.98% |
| #17 | N/A | MICROSOFT CORP (MSFT) - 2.96% |
| #18 | N/A | AMAZON.COM INC (AMZN) - 2.92% |
| #19 | N/A | KRATOS DEFENSE & SECURITY SOLUTIONS INC (KTOS) - 2.84% |
| #20 | N/A | BOOKING HOLDINGS INC (BKNG) - 2.70% |
| #21 | N/A | SPOTIFY TECHNOLOGY SA (SPOT) - 2.38% |
| #22 | N/A | SPACE EXPLORATION TECHNOLOGIES CORP CLASS A (SPCX) - 2.18% |
| #23 | N/A | SHOPIFY INC REGISTERED SHS -A- SUBORD VTG (SHOP) - 2.00% |
| #24 | N/A | CADENCE DESIGN SYSTEMS INC (CDNS) - 1.86% |
| #25 | N/A | SERVICENOW INC (NOW) - 1.70% |
| Total Holdings | 2 | 27 |
TDAQ vs FRWD - Historical Returns
Returns include dividend reinvestment.
TDAQ vs FRWD - Annual Returns (2025 - 2026)
Returns include dividend reinvestment.
| Year | TDAQ | FRWD |
|---|---|---|
| 2026 | +15.36% | +29.21% |
| 2025 | +8.91% | N/A |
TDAQ vs FRWD Drawdown Comparison
The maximum drawdown for TDAQ was -11.71%, occurring on Jul 29, 2026. This drawdown has not yet recovered.
The maximum drawdown for FRWD was -18.49%, occurring on Mar 30, 2026. Recovery took 53 trading sessions.
The current TDAQ drawdown is -4.54%. The current FRWD drawdown is -6.61%.
| Rank | TDAQ | FRWD |
|---|---|---|
| #1 | -11.71% Jun 2, 2026 - Jul 29, 2026 | -18.49% Jan 28, 2026 - Apr 15, 2026 |
| #2 | -11.33% Jan 28, 2026 - Apr 15, 2026 | -15.88% Jun 18, 2026 - Jul 29, 2026 |
| #3 | -8.04% Oct 29, 2025 - Jan 28, 2026 | -9.94% Jun 2, 2026 - Jun 15, 2026 |
| #4 | -3.71% Oct 8, 2025 - Oct 20, 2025 | -5.01% May 14, 2026 - May 22, 2026 |
| #5 | -2.42% May 14, 2026 - May 22, 2026 | -2.67% Apr 24, 2026 - May 1, 2026 |
| #6 | -1.37% Sep 22, 2025 - Oct 1, 2025 | -1.87% Jan 16, 2026 - Jan 22, 2026 |
| #7 | -1.17% Apr 27, 2026 - Apr 30, 2026 | -1.81% Jun 15, 2026 - Jun 18, 2026 |
| #8 | -1.13% May 11, 2026 - May 14, 2026 | -1.60% May 11, 2026 - May 14, 2026 |
| #9 | -1.06% Oct 20, 2025 - Oct 24, 2025 | -1.53% Jan 13, 2026 - Jan 16, 2026 |
| #10 | -0.47% Oct 6, 2025 - Oct 8, 2025 | -1.34% May 6, 2026 - May 8, 2026 |
| #11 | -0.43% Apr 17, 2026 - Apr 22, 2026 | -0.89% Apr 22, 2026 - Apr 24, 2026 |
| #12 | -0.42% Oct 2, 2025 - Oct 6, 2025 | -0.59% Apr 17, 2026 - Apr 22, 2026 |
| #13 | -0.33% May 6, 2026 - May 8, 2026 | -0.09% May 1, 2026 - May 5, 2026 |
| #14 | -0.29% Sep 16, 2025 - Sep 18, 2025 | N/A |
| #15 | -0.15% Apr 22, 2026 - Apr 24, 2026 | N/A |
Correlation
Correlation between TDAQ and FRWD is 0.99 which considered as a very strong positive correlation - the stocks move almost identically together.
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