ROCQ vs. ZHDG

Last updated Jun 4, 2026

ROCQ (JPMorgan Nasdaq Equity Premium Yield ETF) and ZHDG (ZEGA Buy and Hedge ETF) are both exchange-traded funds - ROCQ is a Nasdaq-100 fund actively managed by JPMorgan, while ZHDG is a Derivative Income fund actively managed by ZEGA. Both are actively managed. Their correlation of 0.91 suggests significant overlap in exposure. ROCQ charges 0.35%/yr vs 0.98%/yr for ZHDG.

Performance

ROCQ vs. ZHDG - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in JPMorgan Nasdaq Equity Premium Yield ETF (ROCQ) and ZEGA Buy and Hedge ETF (ZHDG). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

ROCQ

• 1D: -0.12%
• 1M: 6.49%
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

ZHDG

• 1D: -0.60%
• 1M: 4.65%
• YTD: 5.12%
• 6M: 5.49%
• 1Y: 18.31%
• 3Y*: 14.68%
• 5Y*: —
• 10Y*: —

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

ROCQ vs. ZHDG - Yearly Performance Comparison

	2026 (YTD)
ROCQ JPMorgan Nasdaq Equity Premium Yield ETF	17.62%
ZHDG ZEGA Buy and Hedge ETF	10.09%

Correlation

The correlation between ROCQ and ZHDG is 0.91, 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 20, 2026	0.91

Return for Risk

ROCQ vs. ZHDG — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

ZHDG

ZHDG Risk / Return Rank: 51
ZHDG Sharpe Ratio Rank: 53
ZHDG Sortino Ratio Rank: 52
ZHDG Omega Ratio Rank: 51
ZHDG Calmar Ratio Rank: 44
ZHDG Martin Ratio Rank: 53

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

ROCQ vs. ZHDG - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for JPMorgan Nasdaq Equity Premium Yield ETF (ROCQ) and ZEGA Buy and Hedge ETF (ZHDG). 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.

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

Sharpe Ratios by Period

	ROCQ	ZHDG	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	1.79	—
Sharpe Ratio (All Time) Calculated using the full available price history	7.49	0.51	+6.97

Drawdowns

ROCQ vs. ZHDG - Drawdown Comparison

The maximum ROCQ drawdown since its inception was -5.15%, smaller than the maximum ZHDG drawdown of -23.27%. Use the drawdown chart below to compare losses from any high point for ROCQ and ZHDG.

Drawdown Indicators

	ROCQ	ZHDG	Difference
Max Drawdown Largest peak-to-trough decline	-5.15%	-23.27%	+18.12%
Max Drawdown (1Y) Largest decline over 1 year	—	-8.56%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-11.63%	—
Current Drawdown Current decline from peak	-0.33%	-0.60%	+0.27%
Average Drawdown Average peak-to-trough decline	-0.66%	-8.16%	+7.50%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	2.05%	—

Volatility

Volatility by Period

	ROCQ	ZHDG	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	2.80%	—
Volatility (6M) Calculated over the trailing 6-month period	—	8.06%	—
Volatility (1Y) Calculated over the trailing 1-year period	16.13%	10.27%	+5.86%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.13%	11.75%	+4.38%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.13%	11.75%	+4.38%

ROCQ vs. ZHDG - Expense Ratio Comparison

ROCQ has a 0.35% expense ratio, which is lower than ZHDG's 0.98% expense ratio.

Dividends

ROCQ vs. ZHDG - Dividend Comparison

ROCQ's dividend yield for the trailing twelve months is around 2.02%, less than ZHDG's 2.44% yield.

Position	TTM	2025	2024	2023	2022	2021
ROCQ JPMorgan Nasdaq Equity Premium Yield ETF	2.02%	0.00%	0.00%	0.00%	0.00%	0.00%
ZHDG ZEGA Buy and Hedge ETF	2.44%	2.57%	2.59%	1.52%	3.58%	1.33%

Frequently Asked Questions

Can I hold both ROCQ and ZHDG in my portfolio?

With a correlation of 0.91, ROCQ and ZHDG 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 ZHDG?

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 ZHDG?

ROCQ is cheaper with a 0.35% expense ratio, compared with 0.98% for ZHDG.

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

ZHDG has the higher dividend yield at 2.44%, compared with 2.02% for ROCQ.

What is the main difference between ROCQ and ZHDG?

ROCQ is categorized as Nasdaq-100, while ZHDG is Derivative Income. They also come from different issuers: JPMorgan and ZEGA. Their fees differ too: 0.35% for ROCQ and 0.98% for ZHDG.