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TappAlpha SPY Growth & Daily Income ETF (TSPY)
Performance
Return for Risk
Dividends
Drawdowns
Volatility

ETF Info

ISIN
US26923N5538
CUSIP
26923N553
Issuer
TappAlpha
Inception Date
Aug 14, 2024
Leveraged
1x (No leverage)
Index Tracked
No Index (Active)
Distribution Policy
Distributing
Asset Class
Equity
Asset Class Size
Large-Cap
Asset Class Style
Blend

Share Price Chart


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Performance

Performance Chart

The chart shows the growth of an initial investment of $10,000 in TappAlpha SPY Growth & Daily Income ETF, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.


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S&P 500 Index

Returns By Period

TappAlpha SPY Growth & Daily Income ETF (TSPY) has returned -4.76% so far this year and 15.56% over the past 12 months.


TappAlpha SPY Growth & Daily Income ETF

1D
2.98%
1M
-5.60%
YTD
-4.76%
6M
-1.72%
1Y
15.56%
3Y*
5Y*
10Y*

Benchmark (S&P 500 Index)

1D
2.91%
1M
-5.09%
YTD
-4.63%
6M
-2.39%
1Y
16.33%
3Y*
16.69%
5Y*
10.18%
10Y*
12.16%
*Multi-year figures are annualized to reflect compound growth (CAGR)

Monthly Returns

Based on dividend-adjusted daily data since Aug 15, 2024, TSPY's average daily return is +0.05%, while the average monthly return is +0.91%. At this rate, your investment would double in approximately 6.4 years.

Historically, 65% of months were positive and 35% were negative. The best month was May 2025 with a return of +6.6%, while the worst month was Mar 2026 at -5.6%. The longest winning streak lasted 9 consecutive months, and the longest losing streak was 3 months.

On a daily basis, TSPY closed higher 56% of trading days. The best single day was Apr 9, 2025 with a return of +8.5%, while the worst single day was Apr 4, 2025 at -6.0%.


JanFebMarAprMayJunJulAugSepOctNovDecTotal
20261.71%-0.80%-5.60%-4.76%
20253.16%-1.35%-5.00%-3.46%6.63%5.34%2.59%1.72%3.91%2.36%0.40%0.40%17.29%
20242.36%2.40%-0.47%5.62%-3.67%6.14%

Benchmark Metrics

TappAlpha SPY Growth & Daily Income ETF has an annualized alpha of 1.24%, beta of 0.93, and R² of 0.89 versus S&P 500 Index. Calculated based on daily prices since August 16, 2024.

  • This ETF participated in 112.39% of S&P 500 Index downside but only 111.44% of its upside — more exposed to losses than it benefited from rallies.
  • With beta of 0.93 and R² of 0.89, this ETF moves broadly in line with S&P 500 Index — much of its variation is explained by market exposure rather than independent behavior.

Alpha
1.24%
Beta
0.93
0.89
Upside Capture
111.44%
Downside Capture
112.39%

Expense Ratio

TSPY has an expense ratio of 0.68%, placing it in the medium range.


Return for Risk

Risk / Return Rank

TSPY ranks 50 for risk / return — on par with similar ETFs. You're getting a typical balance of risk and reward. Not a standout, but not a red flag either — a reasonable choice if other factors align with your goals.


TSPY Risk / Return Rank: 5050
Overall Rank
TSPY Sharpe Ratio Rank: 4646
Sharpe Ratio Rank
TSPY Sortino Ratio Rank: 4747
Sortino Ratio Rank
TSPY Omega Ratio Rank: 5252
Omega Ratio Rank
TSPY Calmar Ratio Rank: 5353
Calmar Ratio Rank
TSPY Martin Ratio Rank: 5454
Martin Ratio Rank
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.

Return / Risk — by metrics

The table below present risk-adjusted performance metrics for TappAlpha SPY Growth & Daily Income ETF (TSPY) and compare them to a chosen benchmark (S&P 500 Index).


TSPYBenchmarkDifference

Sharpe ratio

Return per unit of total volatility

0.88

0.90

-0.02

Sortino ratio

Return per unit of downside risk

1.33

1.39

-0.06

Omega ratio

Gain probability vs. loss probability

1.20

1.21

-0.01

Calmar ratio

Return relative to maximum drawdown

1.42

1.40

+0.02

Martin ratio

Return relative to average drawdown

5.45

6.61

-1.16

Explore TSPY risk-adjusted metrics in detail

Dive deeper into individual metrics with historical trends, benchmark comparisons, and performance across different time periods.

Dividends

Dividend History

TappAlpha SPY Growth & Daily Income ETF provided a 16.38% dividend yield over the last twelve months, with an annual payout of $3.79 per share.


4.00%6.00%8.00%10.00%12.00%14.00%$0.00$0.50$1.00$1.50$2.00$2.50$3.00$3.5020242025
Dividends
Dividend Yield
PeriodTTM20252024
Dividend$3.79$3.49$0.87

Dividend yield

16.38%13.69%3.45%

Monthly Dividends

The table displays the monthly dividend distributions for TappAlpha SPY Growth & Daily Income ETF. The dividends shown in the table have been adjusted to account for any splits that may have occurred.


JanFebMarAprMayJunJulAugSepOctNovDecTotal
2026$0.30$0.30$0.58$1.18
2025$0.29$0.30$0.29$0.27$0.28$0.28$0.29$0.29$0.29$0.30$0.30$0.30$3.49
2024$0.29$0.28$0.29$0.87

Drawdowns

Drawdowns Chart

The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.


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Worst Drawdowns

The table below displays the maximum drawdowns of the TappAlpha SPY Growth & Daily Income ETF. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.

The maximum drawdown for the TappAlpha SPY Growth & Daily Income ETF was 18.02%, occurring on Apr 8, 2025. Recovery took 59 trading sessions.

The current TappAlpha SPY Growth & Daily Income ETF drawdown is 6.93%.


Depth

Start

To Bottom

Bottom

To Recover

End

Total

-18.02%Feb 20, 202534Apr 8, 202559Jul 3, 202593
-9.63%Feb 3, 202639Mar 30, 2026
-5.17%Oct 30, 202516Nov 20, 202510Dec 5, 202526
-4.89%Dec 12, 202421Jan 14, 20256Jan 23, 202527
-4.11%Sep 3, 20244Sep 6, 20248Sep 18, 202412

Volatility

Volatility Chart

The chart below shows the rolling one-month volatility.


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