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TSPY vs. PAPI
Performance
Return for Risk
Dividends
Drawdowns
Volatility

Performance

TSPY vs. PAPI - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in TappAlpha SPY Growth & Daily Income ETF (TSPY) and Parametric Equity Premium Income ETF (PAPI). The values are adjusted to include any dividend payments, if applicable.

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TSPY vs. PAPI - Yearly Performance Comparison


2026 (YTD)20252024
TSPY
TappAlpha SPY Growth & Daily Income ETF
-4.76%17.29%6.14%
PAPI
Parametric Equity Premium Income ETF
8.31%6.33%1.09%

Returns By Period

In the year-to-date period, TSPY achieves a -4.76% return, which is significantly lower than PAPI's 8.31% return.


TSPY

1D
2.98%
1M
-5.60%
YTD
-4.76%
6M
-1.72%
1Y
15.56%
3Y*
5Y*
10Y*

PAPI

1D
0.54%
1M
-2.62%
YTD
8.31%
6M
9.20%
1Y
11.50%
3Y*
5Y*
10Y*
*Multi-year figures are annualized to reflect compound growth (CAGR)

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TSPY vs. PAPI - Expense Ratio Comparison

TSPY has a 0.68% expense ratio, which is higher than PAPI's 0.29% expense ratio.


Return for Risk

TSPY vs. PAPI — Risk / Return Rank

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

TSPY
TSPY Risk / Return Rank: 5757
Overall Rank
TSPY Sharpe Ratio Rank: 5353
Sharpe Ratio Rank
TSPY Sortino Ratio Rank: 5454
Sortino Ratio Rank
TSPY Omega Ratio Rank: 5858
Omega Ratio Rank
TSPY Calmar Ratio Rank: 6161
Calmar Ratio Rank
TSPY Martin Ratio Rank: 6060
Martin Ratio Rank

PAPI
PAPI Risk / Return Rank: 4646
Overall Rank
PAPI Sharpe Ratio Rank: 4747
Sharpe Ratio Rank
PAPI Sortino Ratio Rank: 4646
Sortino Ratio Rank
PAPI Omega Ratio Rank: 4343
Omega Ratio Rank
PAPI Calmar Ratio Rank: 4444
Calmar Ratio Rank
PAPI Martin Ratio Rank: 5050
Martin Ratio Rank
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.

TSPY vs. PAPI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for TappAlpha SPY Growth & Daily Income ETF (TSPY) and Parametric Equity Premium Income ETF (PAPI). 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.


TSPYPAPIDifference

Sharpe ratio

Return per unit of total volatility

0.88

0.82

+0.06

Sortino ratio

Return per unit of downside risk

1.33

1.23

+0.10

Omega ratio

Gain probability vs. loss probability

1.20

1.16

+0.04

Calmar ratio

Return relative to maximum drawdown

1.42

1.08

+0.33

Martin ratio

Return relative to average drawdown

5.45

4.62

+0.83

TSPY vs. PAPI - Sharpe Ratio Comparison

The current TSPY Sharpe Ratio is 0.88, which is comparable to the PAPI Sharpe Ratio of 0.82. The chart below compares the historical Sharpe Ratios of TSPY and PAPI, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.


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Sharpe Ratios by Period


TSPYPAPIDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

0.88

0.82

+0.06

Sharpe Ratio (All Time)

Calculated using the full available price history

0.68

1.02

-0.34

Correlation

The correlation between TSPY and PAPI is 0.41, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.


Dividends

TSPY vs. PAPI - Dividend Comparison

TSPY's dividend yield for the trailing twelve months is around 16.38%, more than PAPI's 7.50% yield.


TTM202520242023
TSPY
TappAlpha SPY Growth & Daily Income ETF
16.38%13.69%3.45%0.00%
PAPI
Parametric Equity Premium Income ETF
7.50%7.59%7.07%1.45%

Drawdowns

TSPY vs. PAPI - Drawdown Comparison

The maximum TSPY drawdown since its inception was -18.02%, which is greater than PAPI's maximum drawdown of -14.27%. Use the drawdown chart below to compare losses from any high point for TSPY and PAPI.


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Drawdown Indicators


TSPYPAPIDifference

Max Drawdown

Largest peak-to-trough decline

-18.02%

-14.27%

-3.75%

Max Drawdown (1Y)

Largest decline over 1 year

-11.47%

-11.59%

+0.12%

Current Drawdown

Current decline from peak

-6.93%

-2.82%

-4.11%

Average Drawdown

Average peak-to-trough decline

-2.67%

-2.57%

-0.10%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.98%

2.72%

+0.26%

Volatility

TSPY vs. PAPI - Volatility Comparison

TappAlpha SPY Growth & Daily Income ETF (TSPY) has a higher volatility of 5.04% compared to Parametric Equity Premium Income ETF (PAPI) at 3.21%. This indicates that TSPY's price experiences larger fluctuations and is considered to be riskier than PAPI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


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Volatility by Period


TSPYPAPIDifference

Volatility (1M)

Calculated over the trailing 1-month period

5.04%

3.21%

+1.83%

Volatility (6M)

Calculated over the trailing 6-month period

9.50%

7.51%

+1.99%

Volatility (1Y)

Calculated over the trailing 1-year period

17.77%

14.14%

+3.63%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

16.53%

11.96%

+4.57%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

16.53%

11.96%

+4.57%