- ISIN
- US26923N5538
- CUSIP
- 26923N553
- Issuer
- TappAlpha
- Inception Date
- Aug 14, 2024
- Category
- Derivative Income
- Leveraged
- 1x (No leverage)
- Index Tracked
- No Index (Active)
- Distribution Policy
- Distributing
- Asset Class
- Equity
- Asset Class Size
- Large-Cap
- Asset Class Style
- Blend
- Assets Under Management
- $121M
Highlights
- Avg. Volume (1M)
- 195K
- Avg. Volume Value (1M)
- $4.92M
Share Price Chart
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Performance
TSPY Performance Chart
TappAlpha S&P 500 Growth & Daily Income ETF (TSPY) is up 8.1% since the beginning of the year. TSPY is currently trading at $25 per share.
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Returns By Period
TappAlpha S&P 500 Growth & Daily Income ETF (TSPY) has returned 8.08% so far this year and 20.20% over the past 12 months.
TappAlpha S&P 500 Growth & Daily Income ETF
- 1D
- 0.53%
- 1M
- 0.29%
- 6M
- 6.27%
- YTD
- 8.08%
- 1Y
- 20.20%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 16.62%
Benchmark (S&P 500 Index)
- 1D
- 0.70%
- 1M
- 0.09%
- 6M
- 7.94%
- YTD
- 9.41%
- 1Y
- 20.07%
- 3Y*
- 17.84%
- 5Y*
- 11.25%
- 10Y*
- 13.26%
- ALL TIME*
- 8.09%
TSPY Monthly Returns History
Based on dividend-adjusted daily data since Aug 15, 2024, TSPY's average daily return is +0.07%, while the average monthly return is +1.33%. At this rate, an investment would double in approximately 4.4 years.
Historically, 67% of months were positive and 33% were negative. The best month was Apr 2026 with a return of +9.2%, 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%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 1.71% | -0.80% | -5.60% | 9.16% | 4.78% | -0.99% | 0.21% | 8.08% | |||||
| 2025 | 3.16% | -1.35% | -5.00% | -3.46% | 6.63% | 5.34% | 2.59% | 1.72% | 3.91% | 2.36% | 0.40% | 0.40% | 17.29% |
| 2024 | 2.79% | 2.40% | -0.47% | 5.62% | -3.67% | 6.59% |
Benchmark Metrics
TappAlpha S&P 500 Growth & Daily Income ETF has an annualized alpha of 0.48%, beta of 0.92, and R2 of 0.89 versus S&P 500 Index. Calculated based on daily prices since August 15, 2024.
- This ETF participated in 110.02% of S&P 500 Index downside but only 101.41% of its upside - more exposed to losses than it benefited from rallies.
- With beta of 0.92 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
- 0.48%
- Beta
- 0.92
- R²
- 0.89
- Upside Capture
- 101.41%
- Downside Capture
- 110.02%
Expense Ratio
TSPY has an expense ratio of 0.68%, placing it in the medium range.
Return for Risk
Risk / Return Rank
TSPY ranks 58 for risk / return — above 58% of ETFs peers on PortfoliosLab. Its historical combined result is near the middle of the peer group.
Risk / Return Metrics
The table below present risk-adjusted performance metrics for TappAlpha S&P 500 Growth & Daily Income ETF (TSPY) and compare them to S&P 500 Index.
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.
| TSPY | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.01 | ||
| Sortino ratioReturn per unit of downside risk | +0.01 | ||
| Omega ratioGain probability vs. loss probability | 1.26 | 1.25 | 0.00 |
| Calmar ratioReturn relative to maximum drawdown | 1.86 | 2.00 | -0.14 |
| Martin ratioReturn relative to average drawdown | 7.80 | 8.49 | -0.69 |
Dividends
Dividend History
TappAlpha S&P 500 Growth & Daily Income ETF provided a 14.02% dividend yield over the last twelve months, with an annual payout of $3.56 per share.
| Period | TTM | 2025 | 2024 |
|---|---|---|---|
| Dividend | $3.56 | $3.49 | $0.87 |
Dividend yield | 14.02% | 13.69% | 3.45% |
Monthly Dividends
The table displays the monthly dividend distributions for TappAlpha S&P 500 Growth & Daily Income ETF. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.30 | $0.30 | $0.58 | $0.00 | $0.29 | $0.59 | $0.00 | $2.07 | |||||
| 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 S&P 500 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 S&P 500 Growth & Daily Income ETF was 18.02%, occurring on Apr 8, 2025. Recovery took 59 trading sessions.
The current TappAlpha S&P 500 Growth & Daily Income ETF drawdown is 1.16%.
Drawdown | Fall | Recovery | Underwater | Related event |
|---|---|---|---|---|
-18.02%Apr 2025 | 1mo 17d | 2mo 26d | 4mo 13dFeb 2025 - Jul 2025 | 2025 selloff2025 |
-9.63%Mar 2026 | 1mo 25d | 18d | 2mo 13dFeb 2026 - Apr 2026 | — |
-5.17%Nov 2025 | 21d | 15d | 1mo 6dOct 2025 - Dec 2025 | — |
-4.89%Jan 2025 | 1mo 3d | 9d | 1mo 12dDec 2024 - Jan 2025 | — |
-4.44%Jun 2026 | 8d | — | 2mo 2dJun 2026 - now | — |
Drawdown Indicators
| TSPY | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -18.02% | -56.78% | +38.76% |
Max Drawdown (1Y)Largest decline over 1 year | -9.63% | -9.10% | -0.53% |
Max Drawdown (3Y)Largest decline over 3 years | — | -18.90% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -25.43% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.92% | — |
Current DrawdownCurrent decline from peak | -1.16% | -1.58% | +0.42% |
Average DrawdownAverage peak-to-trough decline | -2.46% | -10.70% | +8.24% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.30% | 2.14% | +0.16% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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