TSPY vs. QUSA

Last updated Apr 1, 2026

Compare and contrast key facts about TappAlpha SPY Growth & Daily Income ETF (TSPY) and VistaShares Target 15™ USA Quality Income ETF (QUSA).

TSPY and QUSA 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. QUSA is an actively managed fund by VistaShares. It was launched on May 5, 2025.

Performance

TSPY vs. QUSA - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in TappAlpha SPY Growth & Daily Income ETF (TSPY) and VistaShares Target 15™ USA Quality Income ETF (QUSA). The values are adjusted to include any dividend payments, if applicable.

TSPY vs. QUSA - Yearly Performance Comparison

	2026 (YTD)	2025
TSPY TappAlpha SPY Growth & Daily Income ETF	-4.76%	24.62%
QUSA VistaShares Target 15™ USA Quality Income ETF	-1.50%	-3.15%

Returns By Period

In the year-to-date period, TSPY achieves a -4.76% return, which is significantly lower than QUSA's -1.50% return.

TSPY

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

QUSA

• 1D: 2.74%
• 1M: -4.52%
• YTD: -1.50%
• 6M: -5.21%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

TSPY vs. QUSA - Expense Ratio Comparison

TSPY has a 0.68% expense ratio, which is lower than QUSA's 0.95% expense ratio.

QUSA

VistaShares Target 15™ USA Quality Income ETF

TSPY

TappAlpha SPY Growth & Daily Income ETF

Return for Risk

TSPY vs. QUSA — Risk / Return Rank

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

TSPY

TSPY Risk / Return Rank: 57
TSPY Sharpe Ratio Rank: 53
TSPY Sortino Ratio Rank: 54
TSPY Omega Ratio Rank: 58
TSPY Calmar Ratio Rank: 61
TSPY Martin Ratio Rank: 60

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. QUSA - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for TappAlpha SPY Growth & Daily Income ETF (TSPY) and VistaShares Target 15™ USA Quality Income ETF (QUSA). 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.

	TSPY	QUSA	Difference
Sharpe ratio Return per unit of total volatility	0.88	—	—
Sortino ratio Return per unit of downside risk	1.33	—	—
Omega ratio Gain probability vs. loss probability	1.20	—	—
Calmar ratio Return relative to maximum drawdown	1.42	—	—
Martin ratio Return relative to average drawdown	5.45	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	TSPY	QUSA	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.88	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.68	-0.50	+1.17

Correlation

The correlation between TSPY and QUSA is 0.61, 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. QUSA - Dividend Comparison

TSPY's dividend yield for the trailing twelve months is around 16.38%, more than QUSA's 10.88% yield.

	TTM	2025	2024
TSPY TappAlpha SPY Growth & Daily Income ETF	16.38%	13.69%	3.45%
QUSA VistaShares Target 15™ USA Quality Income ETF	10.88%	6.61%	0.00%

Drawdowns

TSPY vs. QUSA - Drawdown Comparison

The maximum TSPY drawdown since its inception was -18.02%, which is greater than QUSA's maximum drawdown of -10.64%. Use the drawdown chart below to compare losses from any high point for TSPY and QUSA.

Drawdown Indicators

	TSPY	QUSA	Difference
Max Drawdown Largest peak-to-trough decline	-18.02%	-10.64%	-7.38%
Max Drawdown (1Y) Largest decline over 1 year	-11.47%	—	—
Current Drawdown Current decline from peak	-6.93%	-8.19%	+1.26%
Average Drawdown Average peak-to-trough decline	-2.67%	-4.22%	+1.55%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.98%	—	—

Volatility

Volatility by Period

	TSPY	QUSA	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.04%	—	—
Volatility (6M) Calculated over the trailing 6-month period	9.50%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	17.77%	10.31%	+7.46%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.53%	10.31%	+6.22%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.53%	10.31%	+6.22%