TDAX vs. JEPQ

Last updated Jun 4, 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 0.88 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: -0.07%
• 1M: 13.80%
• YTD: —
• 6M: —
• 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)

TDAX vs. JEPQ - Yearly Performance Comparison

	2026 (YTD)
TDAX TDAQ Lift ETF	21.51%
JEPQ JPMorgan Nasdaq Equity Premium Income ETF	8.04%

Correlation

The correlation between TDAX and JEPQ is 0.88, 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 8, 2026	0.88

Return for Risk

TDAX 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.

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.

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

Sharpe Ratios by Period

	TDAX	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	2.65	1.00	+1.65

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	-0.07%	-0.10%	+0.03%
Average Drawdown Average peak-to-trough decline	-3.71%	-3.42%	-0.29%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	1.79%	—

Volatility

Volatility by Period

	TDAX	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	23.71%	11.73%	+11.98%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	23.71%	16.61%	+7.10%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	23.71%	16.61%	+7.10%

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 7.40%, less than 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%
TDAX TDAQ Lift ETF	7.40%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both TDAX and JEPQ in my portfolio?

TDAX and JEPQ have a correlation of 0.88, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

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 10.07%, compared with 7.40% 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.