ROCQ vs. TDAQ

Last updated Jul 12, 2026

ROCQ (JPMorgan Nasdaq Equity Premium Yield ETF) and TDAQ (TappAlpha Innovation 100 Growth & Daily Income ETF) are both exchange-traded funds - ROCQ is a Nasdaq-100 fund actively managed by JPMorgan, while TDAQ is a Derivative Income fund actively managed by TappAlpha. Both are actively managed. Their correlation of 0.93 suggests significant overlap in exposure. ROCQ charges 0.35%/yr vs 0.83%/yr for TDAQ.

Performance

ROCQ vs. TDAQ - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in JPMorgan Nasdaq Equity Premium Yield ETF (ROCQ) and TappAlpha Innovation 100 Growth & Daily Income ETF (TDAQ). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

ROCQ

• 1D: 0.46%
• 1M: 1.97%
• 6M: —
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

TDAQ

• 1D: 0.04%
• 1M: -0.29%
• 6M: 14.69%
• YTD: 16.62%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

ROCQ vs. TDAQ - Yearly Performance Comparison

	2026 (YTD)
ROCQ JPMorgan Nasdaq Equity Premium Yield ETF	17.76%
TDAQ TappAlpha Innovation 100 Growth & Daily Income ETF	21.07%

Correlation

The correlation between ROCQ and TDAQ is 0.93, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (All Time) Calculated using the full available price history since Mar 19, 2026	0.93

Return for Risk

ROCQ vs. TDAQ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for JPMorgan Nasdaq Equity Premium Yield ETF (ROCQ) and TappAlpha Innovation 100 Growth & Daily Income ETF (TDAQ). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Drawdowns

ROCQ vs. TDAQ - Drawdown Comparison

The maximum ROCQ drawdown since its inception was -5.68%, smaller than the maximum TDAQ drawdown of -11.31%. Use the drawdown chart below to compare losses from any high point for ROCQ and TDAQ.

Drawdown Indicators

	ROCQ	TDAQ	Difference
Max Drawdown Largest peak-to-trough decline	-5.68%	-11.31%	+5.63%
Current Drawdown Current decline from peak	-0.76%	-3.39%	+2.63%
Average Drawdown Average peak-to-trough decline	-1.12%	-2.45%	+1.33%

Volatility

Volatility by Period

	ROCQ	TDAQ	Difference
Volatility (1Y) Calculated over the trailing 1-year period	19.21%	18.82%	+0.39%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	19.21%	18.82%	+0.39%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.21%	18.82%	+0.39%

ROCQ vs. TDAQ - Expense Ratio Comparison

ROCQ has a 0.35% expense ratio, which is lower than TDAQ's 0.83% expense ratio.

Dividends

ROCQ vs. TDAQ - Dividend Comparison

ROCQ's dividend yield for the trailing twelve months is around 2.97%, less than TDAQ's 11.96% yield.

Position	TTM	2025
ROCQ JPMorgan Nasdaq Equity Premium Yield ETF	2.97%	0.00%
TDAQ TappAlpha Innovation 100 Growth & Daily Income ETF	11.96%	4.32%

Frequently Asked Questions

Can I hold both ROCQ and TDAQ in my portfolio?

With a correlation of 0.93, ROCQ and TDAQ move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which ETF is better, ROCQ or TDAQ?

On fees, ROCQ is cheaper at 0.35% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, ROCQ or TDAQ?

ROCQ is cheaper with a 0.35% expense ratio, compared with 0.83% for TDAQ.

Which ETF pays a higher dividend yield, ROCQ or TDAQ?

TDAQ has the higher dividend yield at 11.96%, compared with 2.97% for ROCQ.

What is the main difference between ROCQ and TDAQ?

ROCQ is categorized as Nasdaq-100, while TDAQ is Derivative Income. They also come from different issuers: JPMorgan and TappAlpha. Their fees differ too: 0.35% for ROCQ and 0.83% for TDAQ.