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In superconducting systems in which inversion and time-reversal symmetry are simultaneously broken the critical current for positive and negative current bias can be different. For superconducting systems formed by Josephson junctions (JJs) this effect is termed Josephson diode effect. In this paper, we study the Josephson diode effect for a superconducting quantum interference device (SQUID) formed by a topological JJ with a 4π-periodic current-phase relationship and a topologically trivial JJ. We show how the fractional Josephson effect manifests in the Josephson diode effect with the application of a magnetic field and how tuning properties of the trivial SQUID arm can lead to diode polarity switching. We then investigate the ac response and show that the polarity of the diode effect can be tuned by varying the ac power and discuss differences between the ac diode effect of asymmetric SQUIDs with no topological JJ and SQUIDs in which one JJ is topological.