TSPY vs. TDAQ
TSPY (TappAlpha SPY Growth & Daily Income ETF) and TDAQ (TappAlpha Innovation 100 Growth & Daily Income ETF) are both Derivative Income funds from TappAlpha. Both are actively managed. Their correlation of 0.87 suggests significant overlap in exposure. Both charge a 0.68% expense ratio.
Performance
TSPY vs. TDAQ - Performance Comparison
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Returns By Period
In the year-to-date period, TSPY achieves a 9.26% return, which is significantly lower than TDAQ's 20.71% return.
TSPY
- 1D
- -0.09%
- 1M
- 4.80%
- YTD
- 9.26%
- 6M
- 9.86%
- 1Y
- 28.12%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
TDAQ
- 1D
- 0.65%
- 1M
- 10.93%
- YTD
- 20.71%
- 6M
- 20.02%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
TSPY vs. TDAQ - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
TSPY TappAlpha SPY Growth & Daily Income ETF | 9.26% | 6.39% |
TDAQ TappAlpha Innovation 100 Growth & Daily Income ETF | 20.71% | 8.90% |
Correlation
The correlation between TSPY and TDAQ is 0.87, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Sep 5, 2025 | 0.87 |
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Return for Risk
TSPY vs. TDAQ — Risk / Return Rank
TSPY
TDAQ
TSPY vs. TDAQ - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for TappAlpha SPY Growth & Daily Income ETF (TSPY) and TappAlpha Innovation 100 Growth & Daily Income ETF (TDAQ). 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 | TDAQ | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 2.42 | — | — |
Sortino ratioReturn per unit of downside risk | 3.35 | — | — |
Omega ratioGain probability vs. loss probability | 1.45 | — | — |
Calmar ratioReturn relative to maximum drawdown | 2.99 | — | — |
Martin ratioReturn relative to average drawdown | 13.33 | — | — |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| TSPY | TDAQ | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.42 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.17 | 2.62 | -1.44 |
Drawdowns
TSPY vs. TDAQ - Drawdown Comparison
The maximum TSPY drawdown since its inception was -18.02%, which is greater than TDAQ's maximum drawdown of -11.31%. Use the drawdown chart below to compare losses from any high point for TSPY and TDAQ.
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Drawdown Indicators
| TSPY | TDAQ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -18.02% | -11.31% | -6.71% |
Max Drawdown (1Y)Largest decline over 1 year | -9.63% | — | — |
Current DrawdownCurrent decline from peak | -0.09% | 0.00% | -0.09% |
Average DrawdownAverage peak-to-trough decline | -2.53% | -2.26% | -0.27% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.16% | — | — |
Volatility
TSPY vs. TDAQ - Volatility Comparison
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Volatility by Period
| TSPY | TDAQ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.60% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 8.74% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 11.68% | 17.17% | -5.49% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.07% | 17.17% | -1.10% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.07% | 17.17% | -1.10% |
TSPY vs. TDAQ - Expense Ratio Comparison
Both TSPY and TDAQ have an expense ratio of 0.68%.
Dividends
TSPY vs. TDAQ - Dividend Comparison
TSPY's dividend yield for the trailing twelve months is around 14.76%, more than TDAQ's 10.05% yield.
| Position | TTM | 2025 | 2024 |
|---|---|---|---|
TDAQ TappAlpha Innovation 100 Growth & Daily Income ETF | 10.05% | 4.32% | 0.00% |
TSPY TappAlpha SPY Growth & Daily Income ETF | 13.67% | 13.69% | 3.45% |
Frequently Asked Questions
TSPY and TDAQ have a correlation of 0.87, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
Both ETFs have the same 0.68% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
TSPY and TDAQ have the same expense ratio: 0.68% per year.
TSPY has the higher dividend yield at 14.76%, compared with 10.05% for TDAQ.
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