TDAQ vs. JEPQ

Last updated Jun 24, 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 0.92 suggests significant overlap in exposure. TDAQ charges 0.83%/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 14.87% return, which is significantly higher than JEPQ's 7.85% return.

TDAQ

• 1D: -2.79%
• 1M: -0.85%
• YTD: 14.87%
• 6M: 13.47%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

JEPQ

• 1D: -2.48%
• 1M: 0.34%
• YTD: 7.85%
• 6M: 7.02%
• 1Y: 25.10%
• 3Y*: 19.79%
• 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	14.87%	9.61%
JEPQ JPMorgan Nasdaq Equity Premium Income ETF	7.85%	8.95%

Correlation

The correlation between TDAQ and JEPQ is 0.92, 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 4, 2025	0.92

TDAQ vs. JEPQ - Sectors Allocation Comparison

Sectors	TDAQ	JEPQ
Technology	58.7%	58.9%
Communication Services	14.3%	13.9%
Consumer Cyclical	11.4%	11.8%
Consumer Defensive	6.4%	6.0%
Healthcare	3.7%	3.9%
Industrials	2.6%	2.8%
Utilities	1.2%	1.1%
Basic Materials	1.0%	0.9%
Energy	0.5%	0.3%
Financial Services	0.2%	0.3%
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.

TDAQ

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

JEPQ

JEPQ Risk / Return Rank: 63
JEPQ Sharpe Ratio Rank: 60
JEPQ Sortino Ratio Rank: 55
JEPQ Omega Ratio Rank: 66
JEPQ Calmar Ratio Rank: 60
JEPQ Martin Ratio Rank: 74

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.

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.

	TDAQ	JEPQ	Difference
Sharpe ratio: Return per unit of total volatility	—	1.93	—
Sortino ratio: Return per unit of downside risk	—	2.57	—
Omega ratio: Gain probability vs. loss probability	—	1.38	—
Calmar ratio: Return relative to maximum drawdown	—	2.86	—
Martin ratio: Return relative to average drawdown	—	13.55	—

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	-4.84%	-2.48%	-2.36%
Average Drawdown Average peak-to-trough decline	-2.34%	-3.40%	+1.06%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	1.86%	—

Volatility

Volatility by Period

	TDAQ	JEPQ	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	6.27%	—
Volatility (6M) Calculated over the trailing 6-month period	—	10.58%	—
Volatility (1Y) Calculated over the trailing 1-year period	18.52%	13.08%	+5.44%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.52%	16.79%	+1.73%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.52%	16.79%	+1.73%

TDAQ vs. JEPQ - Expense Ratio Comparison

TDAQ has a 0.83% 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 12.14%, more than JEPQ's 10.22% yield.

Position	TTM	2025	2024	2023	2022
JEPQ JPMorgan Nasdaq Equity Premium Income ETF	10.22%	10.53%	9.65%	10.03%	9.44%
TDAQ TappAlpha Innovation 100 Growth & Daily Income ETF	12.14%	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 0.92, 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 0.83% for TDAQ.

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

TDAQ has the higher dividend yield at 12.14%, compared with 10.22% 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: 0.83% for TDAQ and 0.35% for JEPQ.