TSPY vs. IVVW
Compare and contrast key facts about TappAlpha SPY Growth & Daily Income ETF (TSPY) and iShares S&P 500 BuyWrite ETF (IVVW).
TSPY and IVVW 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. IVVW is a passively managed fund by iShares that tracks the performance of the Cboe S&P 500 Enhanced 1% OTM BuyWrite Index - Benchmark TR Gross. It was launched on Mar 14, 2024.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: TSPY or IVVW.
Correlation
The correlation between TSPY and IVVW is 0.82, 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. IVVW - Performance Comparison
Key characteristics
TSPY:
12.76%
IVVW:
8.72%
TSPY:
-4.89%
IVVW:
-6.20%
TSPY:
-2.32%
IVVW:
-1.25%
Returns By Period
In the year-to-date period, TSPY achieves a 3.03% return, which is significantly higher than IVVW's 2.66% return.
TSPY
3.03%
-1.02%
7.31%
N/A
N/A
N/A
IVVW
2.66%
-0.08%
8.22%
N/A
N/A
N/A
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TSPY vs. IVVW - Expense Ratio Comparison
TSPY has a 0.68% expense ratio, which is higher than IVVW's 0.25% expense ratio.
Risk-Adjusted Performance
TSPY vs. IVVW - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for TappAlpha SPY Growth & Daily Income ETF (TSPY) and iShares S&P 500 BuyWrite ETF (IVVW). 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. IVVW - Dividend Comparison
TSPY's dividend yield for the trailing twelve months is around 5.78%, less than IVVW's 14.63% yield.
| TTM | 2024 | |
|---|---|---|
TSPY TappAlpha SPY Growth & Daily Income ETF | 5.78% | 3.45% |
IVVW iShares S&P 500 BuyWrite ETF | 14.63% | 13.72% |
Drawdowns
TSPY vs. IVVW - Drawdown Comparison
The maximum TSPY drawdown since its inception was -4.89%, smaller than the maximum IVVW drawdown of -6.20%. Use the drawdown chart below to compare losses from any high point for TSPY and IVVW. For additional features, visit the drawdowns tool.
Volatility
TSPY vs. IVVW - Volatility Comparison
TappAlpha SPY Growth & Daily Income ETF (TSPY) has a higher volatility of 3.71% compared to iShares S&P 500 BuyWrite ETF (IVVW) at 1.82%. This indicates that TSPY's price experiences larger fluctuations and is considered to be riskier than IVVW based on this measure. The chart below showcases a comparison of their rolling one-month volatility.