TDAX vs. JEPQ

Last updated Jul 14, 2026

TDAX (TDAQ Lift ETF) and JEPQ (JPMorgan Nasdaq Equity Premium Income ETF) are both exchange-traded funds - TDAX is a Leveraged Equities fund actively managed by TappAlpha, while JEPQ is a Nasdaq-100 fund tracking the Nasdaq-100 Index. TDAX is actively managed, while JEPQ is passively managed. Their correlation of 0.92 suggests significant overlap in exposure. TDAX charges 0.98%/yr vs 0.35%/yr for JEPQ.

Performance

TDAX vs. JEPQ - Performance Comparison

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

Returns By Period

TDAX

• 1D: -2.79%
• 1M: -2.93%
• 6M: 13.27%
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

JEPQ

• 1D: -1.52%
• 1M: 0.59%
• 6M: 6.42%
• YTD: 8.49%
• 1Y: 22.08%
• 3Y*: 18.89%
• 5Y*: —
• 10Y*: —

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

TDAX vs. JEPQ - Yearly Performance Comparison

	2026 (YTD)
TDAX TDAQ Lift ETF	13.60%
JEPQ JPMorgan Nasdaq Equity Premium Income ETF	7.11%

Correlation

The correlation between TDAX 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 Jan 7, 2026	0.92

Return for Risk

TDAX vs. JEPQ — Risk / Return Rank

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

TDAX

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

JEPQ

JEPQ Risk / Return Rank: 65
JEPQ Sharpe Ratio Rank: 60
JEPQ Sortino Ratio Rank: 58
JEPQ Omega Ratio Rank: 65
JEPQ Calmar Ratio Rank: 63
JEPQ Martin Ratio Rank: 77

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.

TDAX vs. JEPQ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for TDAQ Lift ETF (TDAX) 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.

	TDAX	JEPQ	Difference
Sharpe ratio: Return per unit of total volatility	—	1.62	—
Sortino ratio: Return per unit of downside risk	—	2.19	—
Omega ratio: Gain probability vs. loss probability	—	1.31	—
Calmar ratio: Return relative to maximum drawdown	—	2.52	—
Martin ratio: Return relative to average drawdown	—	11.61	—

Drawdowns

TDAX vs. JEPQ - Drawdown Comparison

The maximum TDAX drawdown since its inception was -14.69%, smaller than the maximum JEPQ drawdown of -20.07%. Use the drawdown chart below to compare losses from any high point for TDAX and JEPQ.

Drawdown Indicators

	TDAX	JEPQ	Difference
Max Drawdown Largest peak-to-trough decline	-14.69%	-20.07%	+5.38%
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	-6.70%	-2.03%	-4.67%
Average Drawdown Average peak-to-trough decline	-3.94%	-3.37%	-0.57%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	1.91%	—

Volatility

Volatility by Period

	TDAX	JEPQ	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	6.46%	—
Volatility (6M) Calculated over the trailing 6-month period	—	11.30%	—
Volatility (1Y) Calculated over the trailing 1-year period	27.61%	13.75%	+13.86%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	27.61%	16.82%	+10.79%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	27.61%	16.82%	+10.79%

TDAX vs. JEPQ - Expense Ratio Comparison

TDAX has a 0.98% expense ratio, which is higher than JEPQ's 0.35% expense ratio.

Dividends

TDAX vs. JEPQ - Dividend Comparison

TDAX's dividend yield for the trailing twelve months is around 10.48%, which matches JEPQ's 10.51% yield.

Position	TTM	2025	2024	2023	2022
JEPQ JPMorgan Nasdaq Equity Premium Income ETF	10.51%	10.53%	9.65%	10.03%	9.44%
TDAX TDAQ Lift ETF	10.48%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both TDAX and JEPQ in my portfolio?

With a correlation of 0.92, TDAX 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, TDAX 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, TDAX or JEPQ?

JEPQ is cheaper with a 0.35% expense ratio, compared with 0.98% for TDAX.

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

JEPQ has the higher dividend yield at 10.51%, compared with 10.48% for TDAX.

What is the main difference between TDAX and JEPQ?

TDAX is categorized as Leveraged Equities, while JEPQ is Nasdaq-100. They also come from different issuers: TappAlpha and JPMorgan. Their fees differ too: 0.98% for TDAX and 0.35% for JEPQ.