TappAlpha SPY Growth & Daily Income ETF (TSPY)
The ETF aims to generate current income while seeking capital appreciation through direct exposure to the S&P 500, supplemented by a strategy of writing daily expirations of call options.
ETF Info
US26923N5538
26923N553
Aug 14, 2024
1x
No Index (Active)
Distributing
Large-Cap
Blend
Expense Ratio
TSPY has an expense ratio of 0.68%, placing it in the medium range.
Share Price Chart
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Compare to other instruments
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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.
Returns By Period
TSPY
-7.92%
-7.18%
-8.22%
N/A
N/A
N/A
^GSPC (Benchmark)
-6.75%
-5.05%
-5.60%
8.15%
14.14%
10.05%
Monthly Returns
The table below presents the monthly returns of TSPY, with color gradation from worst to best to easily spot seasonal factors. Returns are adjusted for dividends.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2025 | 3.16% | -1.35% | -5.00% | -4.76% | -7.92% | ||||||||
| 2024 | 2.36% | 2.40% | -0.47% | 5.62% | -3.67% | 6.14% |
Risk-Adjusted Performance
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for TappAlpha SPY Growth & Daily Income ETF (TSPY) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Not enough dataDividends
Dividend History
TappAlpha SPY Growth & Daily Income ETF provided a 9.17% dividend yield over the last twelve months, with an annual payout of $2.02 per share.
| Period | TTM | 2024 |
|---|---|---|
| Dividend | $2.02 | $0.87 |
Dividend yield | 9.17% | 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.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2025 | $0.29 | $0.30 | $0.29 | $0.27 | $1.15 | ||||||||
| 2024 | $0.30 | $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.
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. The portfolio has not yet recovered.
The current TappAlpha SPY Growth & Daily Income ETF drawdown is 12.70%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -18.02% | Feb 20, 2025 | 34 | Apr 8, 2025 | — | — | — |
| -4.89% | Dec 12, 2024 | 21 | Jan 14, 2025 | 6 | Jan 23, 2025 | 27 |
| -4.11% | Sep 3, 2024 | 4 | Sep 6, 2024 | 8 | Sep 18, 2024 | 12 |
| -2.93% | Nov 14, 2024 | 2 | Nov 15, 2024 | 9 | Nov 29, 2024 | 11 |
| -2.87% | Oct 22, 2024 | 10 | Nov 4, 2024 | 2 | Nov 6, 2024 | 12 |
Volatility
Volatility Chart
The current TappAlpha SPY Growth & Daily Income ETF volatility is 13.59%, representing the average percentage change in the investments's value, either up or down over the past month. The chart below shows the rolling one-month volatility.