TDAQ vs. JEPQ

Last updated Jun 4, 2026

TDAQ (TappAlpha Innovation 100 Growth & Daily Income ETF) and JEPQ (JPMorgan Nasdaq Equity Premium Income ETF) are both exchange-traded funds - TDAQ is a Derivative Income fund actively managed by TappAlpha, while JEPQ is a Nasdaq-100 fund tracking the Nasdaq-100 Index. TDAQ is actively managed, while JEPQ is passively managed. Their correlation of 0.90 suggests significant overlap in exposure. TDAQ charges 0.68%/yr vs 0.35%/yr for JEPQ.

Performance

TDAQ vs. JEPQ - Performance Comparison

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

Returns By Period

In the year-to-date period, TDAQ achieves a 20.13% return, which is significantly higher than JEPQ's 9.54% return.

TDAQ

• 1D: -0.48%
• 1M: 10.56%
• YTD: 20.13%
• 6M: 19.09%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

JEPQ

• 1D: -0.10%
• 1M: 4.31%
• YTD: 9.54%
• 6M: 9.75%
• 1Y: 29.00%
• 3Y*: 20.92%
• 5Y*: —
• 10Y*: —

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

TDAQ vs. JEPQ - Yearly Performance Comparison

	2026 (YTD)	2025
TDAQ TappAlpha Innovation 100 Growth & Daily Income ETF	20.13%	8.90%
JEPQ JPMorgan Nasdaq Equity Premium Income ETF	9.54%	8.15%

Correlation

The correlation between TDAQ and JEPQ is 0.90, 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 Sep 5, 2025	0.90

TDAQ vs. JEPQ - Sectors Allocation Comparison

Sectors	TDAQ	JEPQ
Technology	54.2%	54.0%
Communication Services	15.5%	15.4%
Consumer Cyclical	12.2%	12.8%
Consumer Defensive	7.6%	7.1%
Healthcare	4.2%	4.4%
Industrials	2.8%	3.1%
Utilities	1.4%	1.3%
Basic Materials	1.2%	1.0%
Energy	0.6%	0.4%
Financial Services	0.2%	0.4%
Real Estate	0.1%	0.2%

Return for Risk

TDAQ vs. JEPQ — Risk / Return Rank

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

JEPQ

JEPQ Risk / Return Rank: 74
JEPQ Sharpe Ratio Rank: 74
JEPQ Sortino Ratio Rank: 71
JEPQ Omega Ratio Rank: 80
JEPQ Calmar Ratio Rank: 65
JEPQ Martin Ratio Rank: 80

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.

TDAQ vs. JEPQ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for TappAlpha Innovation 100 Growth & Daily Income ETF (TDAQ) and JPMorgan Nasdaq Equity Premium Income ETF (JEPQ). 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

	TDAQ	JEPQ	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	2.49	—
Sharpe Ratio (All Time) Calculated using the full available price history	2.55	1.00	+1.55

Drawdowns

TDAQ vs. JEPQ - Drawdown Comparison

The maximum TDAQ drawdown since its inception was -11.31%, smaller than the maximum JEPQ drawdown of -20.07%. Use the drawdown chart below to compare losses from any high point for TDAQ and JEPQ.

Drawdown Indicators

	TDAQ	JEPQ	Difference
Max Drawdown Largest peak-to-trough decline	-11.31%	-20.07%	+8.76%
Max Drawdown (1Y) Largest decline over 1 year	—	-8.82%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-20.07%	—
Current Drawdown Current decline from peak	-0.48%	-0.10%	-0.38%
Average Drawdown Average peak-to-trough decline	-2.25%	-3.42%	+1.17%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	1.79%	—

Volatility

Volatility by Period

	TDAQ	JEPQ	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	1.26%	—
Volatility (6M) Calculated over the trailing 6-month period	—	9.07%	—
Volatility (1Y) Calculated over the trailing 1-year period	17.14%	11.73%	+5.41%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.14%	16.61%	+0.53%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.14%	16.61%	+0.53%

TDAQ vs. JEPQ - Expense Ratio Comparison

TDAQ has a 0.68% expense ratio, which is higher than JEPQ's 0.35% expense ratio.

Dividends

TDAQ vs. JEPQ - Dividend Comparison

TDAQ's dividend yield for the trailing twelve months is around 10.10%, which matches JEPQ's 10.07% yield.

Position	TTM	2025	2024	2023	2022
JEPQ JPMorgan Nasdaq Equity Premium Income ETF	10.07%	10.53%	9.65%	10.03%	9.44%
TDAQ TappAlpha Innovation 100 Growth & Daily Income ETF	10.10%	4.32%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both TDAQ and JEPQ in my portfolio?

With a correlation of 0.90, TDAQ and JEPQ 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, TDAQ or JEPQ?

On fees, JEPQ 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, TDAQ or JEPQ?

JEPQ is cheaper with a 0.35% expense ratio, compared with 0.68% for TDAQ.

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

TDAQ has the higher dividend yield at 10.10%, compared with 10.07% for JEPQ.

What is the main difference between TDAQ and JEPQ?

TDAQ is categorized as Derivative Income, while JEPQ is Nasdaq-100. They also come from different issuers: TappAlpha and JPMorgan. Their fees differ too: 0.68% for TDAQ and 0.35% for JEPQ.