SCEP vs. TSPY

Last updated Jul 17, 2026

SCEP (Sterling Capital Hedged Equity Premium Income ETF) and TSPY (TappAlpha S&P 500 Growth & Daily Income ETF) are both exchange-traded funds - SCEP is a Equity Hedged fund actively managed by Sterling Capital, while TSPY is a Derivative Income fund actively managed by TappAlpha. Both are actively managed. Their correlation of 0.86 suggests significant overlap in exposure. SCEP charges 0.65%/yr vs 0.68%/yr for TSPY.

Performance

SCEP vs. TSPY - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Sterling Capital Hedged Equity Premium Income ETF (SCEP) and TappAlpha S&P 500 Growth & Daily Income ETF (TSPY). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, SCEP achieves a 4.22% return, which is significantly lower than TSPY's 8.58% return.

SCEP

• 1D: -0.56%
• 1M: 0.22%
• 6M: 3.45%
• YTD: 4.22%
• 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)

SCEP vs. TSPY - Yearly Performance Comparison

	2026 (YTD)	2025
SCEP Sterling Capital Hedged Equity Premium Income ETF	4.22%	-0.50%
TSPY TappAlpha S&P 500 Growth & Daily Income ETF	8.58%	-0.35%

Correlation

The correlation between SCEP and TSPY is 0.86, 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 Dec 11, 2025	0.86

Return for Risk

SCEP vs. TSPY — Risk / Return Rank

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

SCEP

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.

SCEP vs. TSPY - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Sterling Capital Hedged Equity Premium Income ETF (SCEP) 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.

	SCEP	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

SCEP vs. TSPY - Drawdown Comparison

The maximum SCEP drawdown since its inception was -7.25%, smaller than the maximum TSPY drawdown of -18.02%. Use the drawdown chart below to compare losses from any high point for SCEP and TSPY.

Drawdown Indicators

	SCEP	TSPY	Difference
Max Drawdown Largest peak-to-trough decline	-7.25%	-18.02%	+10.77%
Max Drawdown (1Y) Largest decline over 1 year	—	-9.63%	—
Current Drawdown Current decline from peak	-0.60%	-0.71%	+0.11%
Average Drawdown Average peak-to-trough decline	-1.46%	-2.48%	+1.02%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	2.27%	—

Volatility

Volatility by Period

	SCEP	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	10.54%	12.31%	-1.77%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	10.54%	15.94%	-5.40%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	10.54%	15.94%	-5.40%

SCEP vs. TSPY - Expense Ratio Comparison

SCEP has a 0.65% expense ratio, which is lower than TSPY's 0.68% expense ratio.

Dividends

SCEP vs. TSPY - Dividend Comparison

SCEP's dividend yield for the trailing twelve months is around 3.83%, less than TSPY's 13.95% yield.

Position	TTM	2025	2024
SCEP Sterling Capital Hedged Equity Premium Income ETF	3.83%	0.38%	0.00%
TSPY TappAlpha S&P 500 Growth & Daily Income ETF	13.95%	13.69%	3.45%

Frequently Asked Questions

Can I hold both SCEP and TSPY in my portfolio?

SCEP and TSPY have a correlation of 0.86, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, SCEP or TSPY?

On fees, SCEP is cheaper at 0.65% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, SCEP or TSPY?

SCEP is cheaper with a 0.65% expense ratio, compared with 0.68% for TSPY.

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

TSPY has the higher dividend yield at 13.95%, compared with 3.83% for SCEP.

What is the main difference between SCEP and TSPY?

SCEP is categorized as Equity Hedged, while TSPY is Derivative Income. They also come from different issuers: Sterling Capital and TappAlpha. Their fees differ too: 0.65% for SCEP and 0.68% for TSPY.