TSPY vs. QUSA
TSPY (TappAlpha S&P 500 Growth & Daily Income ETF) and QUSA (VistaShares Target 15™ USA Quality Income ETF) are both exchange-traded funds - TSPY is a Derivative Income fund actively managed by TappAlpha, while QUSA is a Quality Factor fund actively managed by VistaShares. Both are actively managed. Over the past year, TSPY returned 20.20% vs 5.22% for QUSA. Their 0.68 correlation means they have sometimes moved together and sometimes differently. TSPY charges 0.68%/yr vs 0.95%/yr for QUSA.
Performance
TSPY vs. QUSA - Performance Comparison
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Returns By Period
The year-to-date returns for both investments are quite close, with TSPY having a 8.08% return and QUSA slightly higher at 8.12%.
TSPY
- 1D
- 0.53%
- 1M
- 0.29%
- 6M
- 6.27%
- YTD
- 8.08%
- 1Y
- 20.20%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 16.62%
QUSA
- 1D
- 0.38%
- 1M
- -1.27%
- 6M
- 6.29%
- YTD
- 8.12%
- 1Y
- 5.22%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 3.70%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $284.17K | $298.42K | $273.69K | |
| $5.19M | $4.92M | $5.63M |
TSPY vs. QUSA - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
TSPY TappAlpha S&P 500 Growth & Daily Income ETF | 8.08% | 23.57% |
QUSA VistaShares Target 15™ USA Quality Income ETF | 8.12% | -3.27% |
Correlation
The correlation between TSPY and QUSA is 0.76, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.76 |
Correlation (All Time) Calculated using the full available price history since May 6, 2025 | 0.68 |
The correlation between TSPY and QUSA has been stable across timeframes, ranging from 0.68 to 0.76 - a consistent structural relationship.
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Return for Risk
TSPY vs. QUSA — Risk / Return Rank
TSPY
QUSA
TSPY vs. QUSA - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for TappAlpha S&P 500 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.
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.
| TSPY | QUSA | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.05 | ||
| Sortino ratioReturn per unit of downside risk | +1.38 | ||
| Omega ratioGain probability vs. loss probability | 1.26 | 1.07 | +0.18 |
| Calmar ratioReturn relative to maximum drawdown | 1.86 | 0.42 | +1.45 |
| Martin ratioReturn relative to average drawdown | 7.80 | 1.05 | +6.75 |
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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.
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Drawdown Indicators
| TSPY | QUSA | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -18.02% | -10.64% | -7.38% |
Max Drawdown (1Y)Largest decline over 1 year | -9.63% | -9.49% | -0.14% |
Current DrawdownCurrent decline from peak | -1.16% | -3.15% | +1.99% |
Average DrawdownAverage peak-to-trough decline | -2.46% | -3.59% | +1.13% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.30% | 3.76% | -1.46% |
Volatility
TSPY vs. QUSA - Volatility Comparison
TappAlpha S&P 500 Growth & Daily Income ETF (TSPY) has a higher volatility of 3.92% compared to VistaShares Target 15™ USA Quality Income ETF (QUSA) at 2.92%. This indicates that TSPY's price experiences larger fluctuations and is considered to be riskier than QUSA based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| TSPY | QUSA | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.92% | 2.92% | +1.00% |
Volatility (6M)Calculated over the trailing 6-month period | 9.88% | 8.96% | +0.92% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.74% | 10.95% | +1.79% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.95% | 10.75% | +5.20% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.95% | 10.75% | +5.20% |
TSPY vs. QUSA - Expense Ratio Comparison
TSPY has a 0.68% expense ratio, which is lower than QUSA's 0.95% expense ratio.
Dividends
TSPY vs. QUSA - Dividend Comparison
TSPY's dividend yield for the trailing twelve months is around 14.02%, less than QUSA's 15.54% yield.
| Position | TTM | 2025 | 2024 |
|---|---|---|---|
QUSA VistaShares Target 15™ USA Quality Income ETF | 15.54% | 6.61% | 0.00% |
TSPY TappAlpha S&P 500 Growth & Daily Income ETF | 14.02% | 13.69% | 3.45% |
Frequently Asked Questions
TSPY and QUSA have a correlation of 0.76, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
TSPY has higher volatility (3.92%) compared to QUSA (2.92%). In terms of maximum drawdown, TSPY dropped -18.02% vs QUSA's -10.64%.
On 1-year performance, TSPY leads with 20.20% vs 5.22% for QUSA. On fees, TSPY is cheaper at 0.68% per year. On volatility, QUSA has been the lower-risk option at 2.92%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, TSPY has performed better with a 20.20% return vs 5.22%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
TSPY is cheaper with a 0.68% expense ratio, compared with 0.95% for QUSA.
QUSA has the higher dividend yield at 15.54%, compared with 14.02% for TSPY.
TSPY is categorized as Derivative Income, while QUSA is Quality Factor. They also come from different issuers: TappAlpha and VistaShares. Their fees differ too: 0.68% for TSPY and 0.95% for QUSA.
TSPY currently has the higher Sharpe Ratio (1.41 vs 0.36), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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