TSPY vs. SDEM
TSPY (TappAlpha S&P 500 Growth & Daily Income ETF) and SDEM (Global X MSCI SuperDividend Emerging Markets ETF) are both exchange-traded funds - TSPY is a Derivative Income fund actively managed by TappAlpha, while SDEM is a Emerging Markets Equities fund tracking the MSCI Emerging Markets Top 50 Dividend. TSPY is actively managed, while SDEM is passively managed. Over the past year, TSPY returned 23.35% vs 28.12% for SDEM. At a 0.44 correlation, their price movements are largely independent. TSPY charges 0.68%/yr vs 0.67%/yr for SDEM.
Performance
TSPY vs. SDEM - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, TSPY achieves a 6.81% return, which is significantly lower than SDEM's 11.17% return.
TSPY
- 1D
- 0.91%
- 1M
- -0.08%
- YTD
- 6.81%
- 6M
- 6.94%
- 1Y
- 23.35%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
SDEM
- 1D
- 0.93%
- 1M
- 0.85%
- YTD
- 11.17%
- 6M
- 12.41%
- 1Y
- 28.12%
- 3Y*
- 19.18%
- 5Y*
- 4.51%
- 10Y*
- 5.26%
TSPY vs. SDEM - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
TSPY TappAlpha S&P 500 Growth & Daily Income ETF | 6.81% | 17.29% | 6.59% |
SDEM Global X MSCI SuperDividend Emerging Markets ETF | 11.17% | 32.01% | -0.49% |
Correlation
The correlation between TSPY and SDEM is 0.54, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.54 |
Correlation (All Time) Calculated using the full available price history since Aug 15, 2024 | 0.44 |
The correlation between TSPY and SDEM has been stable across timeframes, ranging from 0.44 to 0.54 - a consistent structural relationship.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
TSPY vs. SDEM — Risk / Return Rank
TSPY
SDEM
TSPY vs. SDEM - 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 Global X MSCI SuperDividend Emerging Markets ETF (SDEM). 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 | SDEM | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.09 | ||
| Sortino ratioReturn per unit of downside risk | -0.17 | ||
| Omega ratioGain probability vs. loss probability | 1.36 | 1.35 | +0.01 |
| Calmar ratioReturn relative to maximum drawdown | 2.44 | 3.13 | -0.69 |
| Martin ratioReturn relative to average drawdown | 10.57 | 10.28 | +0.29 |
Loading charts...
Drawdowns
TSPY vs. SDEM - Drawdown Comparison
The maximum TSPY drawdown since its inception was -18.02%, smaller than the maximum SDEM drawdown of -47.38%. Use the drawdown chart below to compare losses from any high point for TSPY and SDEM.
Loading charts...
Drawdown Indicators
| TSPY | SDEM | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -18.02% | -47.38% | +29.36% |
Max Drawdown (1Y)Largest decline over 1 year | -9.63% | -9.03% | -0.60% |
Max Drawdown (3Y)Largest decline over 3 years | — | -12.34% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -36.25% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -47.38% | — |
Current DrawdownCurrent decline from peak | -2.32% | -3.49% | +1.17% |
Average DrawdownAverage peak-to-trough decline | -2.52% | -20.66% | +18.14% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.21% | 2.74% | -0.53% |
Volatility
TSPY vs. SDEM - Volatility Comparison
The current volatility for TappAlpha S&P 500 Growth & Daily Income ETF (TSPY) is 4.11%, while Global X MSCI SuperDividend Emerging Markets ETF (SDEM) has a volatility of 4.90%. This indicates that TSPY experiences smaller price fluctuations and is considered to be less risky than SDEM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| TSPY | SDEM | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.11% | 4.90% | -0.79% |
Volatility (6M)Calculated over the trailing 6-month period | 9.40% | 11.48% | -2.08% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.11% | 13.91% | -1.80% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.13% | 17.47% | -1.34% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.13% | 19.22% | -3.09% |
TSPY vs. SDEM - Expense Ratio Comparison
TSPY has a 0.68% expense ratio, which is higher than SDEM's 0.67% expense ratio.
Dividends
TSPY vs. SDEM - Dividend Comparison
TSPY's dividend yield for the trailing twelve months is around 13.98%, more than SDEM's 4.99% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SDEM Global X MSCI SuperDividend Emerging Markets ETF | 4.99% | 5.27% | 7.28% | 7.50% | 8.86% | 8.14% | 6.30% | 6.47% | 6.55% | 5.01% | 5.06% | 6.14% |
TSPY TappAlpha S&P 500 Growth & Daily Income ETF | 13.98% | 13.69% | 3.45% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
TSPY and SDEM have a correlation of 0.54, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SDEM has higher volatility (4.90%) compared to TSPY (4.11%). In terms of maximum drawdown, TSPY dropped -18.02% vs SDEM's -47.38%.
On 1-year performance, SDEM leads with 28.12% vs 23.35% for TSPY. On fees, SDEM is cheaper at 0.67% per year. On volatility, TSPY has been the lower-risk option at 4.11%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, SDEM has performed better with a 28.12% return vs 23.35%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
SDEM is cheaper with a 0.67% expense ratio, compared with 0.68% for TSPY.
TSPY has the higher dividend yield at 13.98%, compared with 4.99% for SDEM.
TSPY is categorized as Derivative Income, while SDEM is Emerging Markets Equities. They also come from different issuers: TappAlpha and Global X. Their fees differ too: 0.68% for TSPY and 0.67% for SDEM.
SDEM currently has the higher Sharpe Ratio (2.03 vs 1.94), 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.
Find the right allocation for TSPY and SDEM
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer