TSPY vs. ISPY
Compare and contrast key facts about TappAlpha SPY Growth & Daily Income ETF (TSPY) and ProShares S&P 500 High Income ETF (ISPY).
TSPY and ISPY are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. TSPY is an actively managed fund by TappAlpha. It was launched on Aug 14, 2024. ISPY is a passively managed fund by ProShares that tracks the performance of the S&P 500 Daily Covered Call Index. It was launched on Dec 18, 2023.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: TSPY or ISPY.
Correlation
The correlation between TSPY and ISPY is 0.88, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
TSPY vs. ISPY - Performance Comparison
Key characteristics
TSPY:
20.99%
ISPY:
16.34%
TSPY:
-18.02%
ISPY:
-16.88%
TSPY:
-12.23%
ISPY:
-11.51%
Returns By Period
The year-to-date returns for both stocks are quite close, with TSPY having a -7.42% return and ISPY slightly lower at -7.75%.
TSPY
-7.42%
-5.77%
-6.94%
N/A
N/A
N/A
ISPY
-7.75%
-5.65%
-7.17%
7.33%
N/A
N/A
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TSPY vs. ISPY - Expense Ratio Comparison
TSPY has a 0.68% expense ratio, which is higher than ISPY's 0.55% expense ratio.
Risk-Adjusted Performance
TSPY vs. ISPY — Risk-Adjusted Performance Rank
TSPY
ISPY
TSPY vs. ISPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for TappAlpha SPY Growth & Daily Income ETF (TSPY) and ProShares S&P 500 High Income ETF (ISPY). 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.
Not enough dataDividends
TSPY vs. ISPY - Dividend Comparison
TSPY's dividend yield for the trailing twelve months is around 9.12%, less than ISPY's 11.77% yield.
| TTM | 2024 | |
|---|---|---|
TSPY TappAlpha SPY Growth & Daily Income ETF | 9.12% | 3.45% |
ISPY ProShares S&P 500 High Income ETF | 11.77% | 9.84% |
Drawdowns
TSPY vs. ISPY - Drawdown Comparison
The maximum TSPY drawdown since its inception was -18.02%, which is greater than ISPY's maximum drawdown of -16.88%. Use the drawdown chart below to compare losses from any high point for TSPY and ISPY. For additional features, visit the drawdowns tool.
Volatility
TSPY vs. ISPY - Volatility Comparison
TappAlpha SPY Growth & Daily Income ETF (TSPY) has a higher volatility of 13.60% compared to ProShares S&P 500 High Income ETF (ISPY) at 11.03%. This indicates that TSPY's price experiences larger fluctuations and is considered to be riskier than ISPY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.