EDGX vs. TSPY

Last updated Jul 17, 2026

EDGX (Global X U.S. 500 Income Edge ETF) and TSPY (TappAlpha S&P 500 Growth & Daily Income ETF) are both Derivative Income funds. EDGX is passively managed, while TSPY is actively managed. Their correlation of 0.93 suggests significant overlap in exposure.

Performance

EDGX vs. TSPY - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Global X U.S. 500 Income Edge ETF (EDGX) and TappAlpha S&P 500 Growth & Daily Income ETF (TSPY). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

EDGX

• 1D: -0.35%
• 1M: 0.23%
• 6M: —
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

TSPY

• 1D: -0.55%
• 1M: 0.54%
• 6M: 6.88%
• YTD: 8.58%
• 1Y: 20.21%
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

EDGX vs. TSPY - Yearly Performance Comparison

	2026 (YTD)
EDGX Global X U.S. 500 Income Edge ETF	9.90%
TSPY TappAlpha S&P 500 Growth & Daily Income ETF	8.74%

Correlation

The correlation between EDGX and TSPY is 0.93, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (All Time) Calculated using the full available price history since Feb 18, 2026	0.93

Return for Risk

EDGX vs. TSPY — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

EDGX

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

TSPY

TSPY Risk / Return Rank: 60
TSPY Sharpe Ratio Rank: 62
TSPY Sortino Ratio Rank: 61
TSPY Omega Ratio Rank: 62
TSPY Calmar Ratio Rank: 51
TSPY Martin Ratio Rank: 63

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.

EDGX vs. TSPY - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Global X U.S. 500 Income Edge ETF (EDGX) and TappAlpha S&P 500 Growth & Daily Income ETF (TSPY). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

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.

	EDGX	TSPY	Difference
Sharpe ratio: Return per unit of total volatility	—	1.65	—
Sortino ratio: Return per unit of downside risk	—	2.29	—
Omega ratio: Gain probability vs. loss probability	—	1.30	—
Calmar ratio: Return relative to maximum drawdown	—	2.11	—
Martin ratio: Return relative to average drawdown	—	8.93	—

Drawdowns

EDGX vs. TSPY - Drawdown Comparison

The maximum EDGX drawdown since its inception was -7.56%, smaller than the maximum TSPY drawdown of -18.02%. Use the drawdown chart below to compare losses from any high point for EDGX and TSPY.

Drawdown Indicators

	EDGX	TSPY	Difference
Max Drawdown Largest peak-to-trough decline	-7.56%	-18.02%	+10.46%
Max Drawdown (1Y) Largest decline over 1 year	—	-9.63%	—
Current Drawdown Current decline from peak	-0.73%	-0.71%	-0.02%
Average Drawdown Average peak-to-trough decline	-1.52%	-2.48%	+0.96%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	2.27%	—

Volatility

Volatility by Period

	EDGX	TSPY	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	3.12%	—
Volatility (6M) Calculated over the trailing 6-month period	—	9.65%	—
Volatility (1Y) Calculated over the trailing 1-year period	13.25%	12.31%	+0.94%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	13.25%	15.94%	-2.69%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	13.25%	15.94%	-2.69%

Dividends

EDGX vs. TSPY - Dividend Comparison

EDGX's dividend yield for the trailing twelve months is around 3.50%, less than TSPY's 13.95% yield.

Position	TTM	2025	2024
EDGX Global X U.S. 500 Income Edge ETF	3.50%	0.00%	0.00%
TSPY TappAlpha S&P 500 Growth & Daily Income ETF	13.95%	13.69%	3.45%

Frequently Asked Questions

Can I hold both EDGX and TSPY in my portfolio?

With a correlation of 0.93, EDGX and TSPY move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which ETF pays a higher dividend yield, EDGX or TSPY?

TSPY has the higher dividend yield at 13.95%, compared with 3.50% for EDGX.

What is the main difference between EDGX and TSPY?

They also come from different issuers: Global X and TappAlpha.