TappAlpha S&P 500 Growth & Daily Income ETF (TSPY) belongs to the Derivative Income category. Below you'll find alternative ETFs from the same category, ranked by key criteria, plus funds that investors commonly compare with TSPY. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.
Cheapest Alternatives to TSPY
TSPY charges 0.68% annually. There are 74 ETFs in the Derivative Income category with lower expense ratios, going as low as 0.10%.
| Symbol | Name | Expense Ratio | AUM | Inception | |
|---|---|---|---|---|---|
| Parametric Equity Plus ETF | 0.10% | 27.32M | Nov 2024 | TSPY vs PEPS | |
| iShares S&P 500 BuyWrite ETF | 0.25% | 303.13M | Mar 2024 | TSPY vs IVVW | |
| State Street US Equity Premium Income ETF | 0.25% | 45.59M | Sep 2024 | TSPY vs SPIN | |
| Fidelity Yield Enhanced Equity ETF | 0.28% | 185.18M | Apr 2024 | TSPY vs FYEE | |
| Invesco QQQ Income Advantage ETF | 0.29% | 768.95M | Jul 2024 | TSPY vs QQA |
Best Risk-Adjusted Alternatives to TSPY
TSPY has a PortfoliosLab risk / return rank of 54. There are 58 ETFs in the Derivative Income category with higher risk-adjusted ranks, going as high as 95.
| Symbol | Name | Risk / Return Rank | AUM | Inception | |
|---|---|---|---|---|---|
| YieldMax Semiconductor Portfolio Option Income ETF | 95 | 1.16B | Apr 2025 | TSPY vs CHPY | |
| SoFi Enhanced Yield ETF | 94 | 34.73M | Nov 2023 | TSPY vs THTA | |
| YieldMax GOOGL Option Income Strategy ETF | 92 | 262.22M | Jul 2023 | TSPY vs GOOY | |
| YieldMax AMD Option Income Strategy ETF | 90 | 409.32M | Sep 2023 | TSPY vs AMDY | |
| Simplify Treasury Option Income ETF | 86 | 465.86M | Oct 2022 | TSPY vs BUCK |
Top Performing TSPY Alternatives (YTD)
TSPY is at 6.10% YTD. There are 100 ETFs in the Derivative Income category with higher YTD returns, going as high as 19,132.59%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| REX HOOD Growth & Income ETF | 19,132.59% | 1.44M | Nov 2025 | TSPY vs HOII | |
| REX CRWV Growth & Income ETF | 13,199.78% | 2.19M | Nov 2025 | TSPY vs CWII | |
| Roundhill ARM WeeklyPay ETF | 297.09% | 17.52M | Oct 2025 | TSPY vs ARMW | |
| Roundhill AMD WeeklyPay ETF | 176.01% | 83.00M | Jul 2025 | TSPY vs AMDW | |
| YieldMax AMD Option Income Strategy ETF | 101.34% | 409.32M | Sep 2023 | TSPY vs AMDY |
Lowest Volatility Alternatives to TSPY
TSPY has 12.35% 1-year volatility. There are 71 ETFs in the Derivative Income category with lower 1-year volatility, going as low as 2.98%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Simplify Treasury Option Income ETF | 2.98% | 465.86M | Oct 2022 | TSPY vs BUCK | |
| FT Vest High Yield & Target Income ETF | 3.86% | 90.05M | Feb 2025 | TSPY vs HYTI | |
| Main Buywrite ETF | 4.84% | 1.23B | Dec 2015 | TSPY vs BUYW | |
| FT Vest Investment Grade & Target Income ETF | 5.11% | 292.66M | Feb 2025 | TSPY vs LQTI | |
| Global X S&P 500 Risk Managed Income ETF | 5.52% | 50.16M | Aug 2021 | TSPY vs XRMI |
Lowest Drawdown Alternatives to TSPY
TSPY has a 1-year max drawdown of -9.63%. There are 67 ETFs in the Derivative Income category with shallower 1-year drawdowns, going as shallow as -1.31%.
| Symbol | Name | Max Drawdown 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Simplify Treasury Option Income ETF | -1.31% | 465.86M | Oct 2022 | TSPY vs BUCK | |
| FT Vest High Yield & Target Income ETF | -2.38% | 90.05M | Feb 2025 | TSPY vs HYTI | |
| Main Buywrite ETF | -2.59% | 1.23B | Dec 2015 | TSPY vs BUYW | |
| SoFi Enhanced Yield ETF | -2.64% | 34.73M | Nov 2023 | TSPY vs THTA | |
| VistaShares Target 15™ Berkshire Select Income ETF | -3.00% | 774.36M | Mar 2025 | TSPY vs OMAH |
Other ETFs from TappAlpha
The 2 most viewed TappAlpha ETFs shown here include TDAQ, TSYX and span 2 categories. AUM among these funds goes as high as $24M.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|---|---|
| TappAlpha Innovation 100 Growth & Daily Income ETF | Derivative Income | — | 14.87% | 23.97M | Sep 2025 | TSPY vs TDAQ | |
| TSPY Lift ETF | Leveraged Equities | — | — | — | Jan 2026 | TSPY vs TSYX |
Often Compared With TSPY
Investors most often compare TSPY with SPYI, SPMO, SPY. These 20 comparison targets span 10 categories, based on PortfoliosLab usage data.
Compare TSPY with Any Fund or Stock
Compare TSPY with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair TSPY with funds that move differently
TappAlpha S&P 500 Growth & Daily Income ETF alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to TSPY.
Explore TSPY Diversifiers