TDAX vs. JEPQ

Last updated Aug 2, 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 0.93 means they have usually moved in the same direction. 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: 0.83%
• 1M: -4.06%
• 6M: 10.72%
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: —

JEPQ

• 1D: 0.57%
• 1M: -1.92%
• 6M: 3.71%
• YTD: 6.05%
• 1Y: 19.59%
• 3Y*: 17.49%
• 5Y*: —
• 10Y*: —
• ALL TIME*: 15.56%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
JEPQ JPMorgan Nasdaq Equity Premium Income ETF	$439.89M	$417.31M	$422.49M
TDAX TDAQ Lift ETF	$1.21M	$1.52M	$1.35M

TDAX vs. JEPQ - Yearly Performance Comparison

	2026 (YTD)
TDAX TDAQ Lift ETF	9.00%
JEPQ JPMorgan Nasdaq Equity Premium Income ETF	4.70%

Correlation

The correlation between TDAX and JEPQ is 0.93, meaning they have usually moved in the same direction, including during past declines.

	Correlation
Correlation (All Time) Calculated using the full available price history since Jan 7, 2026	0.93

Return for Risk

TDAX vs. JEPQ — Risk / Return Rank

Compare historical risk-adjusted metric ranks 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: 55
JEPQ Sharpe Ratio Rank: 50
JEPQ Sortino Ratio Rank: 48
JEPQ Omega Ratio Rank: 52
JEPQ Calmar Ratio Rank: 58
JEPQ Martin Ratio Rank: 68

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

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	—	1.22	—
Sortino ratio: Return per unit of downside risk	—	1.72	—
Omega ratio: Gain probability vs. loss probability	—	1.23	—
Calmar ratio: Return relative to maximum drawdown	—	2.02	—
Martin ratio: Return relative to average drawdown	—	8.30	—

Drawdowns

TDAX vs. JEPQ - Drawdown Comparison

The maximum TDAX drawdown since its inception was -14.71%, 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	-14.71%	-20.07%	+5.36%
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	-10.47%	-4.23%	-6.24%
Average Drawdown Average peak-to-trough decline	-4.49%	-3.38%	-1.11%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	2.14%	—

Volatility

Volatility by Period

	TDAX	JEPQ	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	6.09%	—
Volatility (6M) Calculated over the trailing 6-month period	—	12.15%	—
Volatility (1Y) Calculated over the trailing 1-year period	27.99%	14.65%	+13.34%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	27.99%	16.90%	+11.09%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	27.99%	16.90%	+11.09%

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 12.21%, more than JEPQ's 10.75% yield.

Position	TTM	2025	2024	2023	2022
JEPQ JPMorgan Nasdaq Equity Premium Income ETF	9.99%	10.53%	9.65%	10.03%	9.44%
TDAX TDAQ Lift ETF	12.21%	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 0.93, 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?

TDAX has the higher dividend yield at 12.21%, compared with 9.99% for JEPQ.

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.