TSPY vs. TSYX

Last updated Jun 4, 2026

TSPY (TappAlpha SPY Growth & Daily Income ETF) and TSYX (TSPY Lift ETF) are both exchange-traded funds - TSPY is a Derivative Income fund actively managed by TappAlpha, while TSYX is a Leveraged Equities fund actively managed by TappAlpha. Both are actively managed. With a 0.96 correlation, they move nearly in lockstep. TSPY charges 0.68%/yr vs 0.98%/yr for TSYX.

Performance

TSPY vs. TSYX - Performance Comparison

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

Returns By Period

TSPY

• 1D: -0.04%
• 1M: 5.21%
• YTD: 9.21%
• 6M: 9.43%
• 1Y: 27.46%
• 3Y*: —
• 5Y*: —
• 10Y*: —

TSYX

• 1D: -0.16%
• 1M: 6.87%
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

TSPY vs. TSYX - Yearly Performance Comparison

	2026 (YTD)
TSPY TappAlpha SPY Growth & Daily Income ETF	8.14%
TSYX TSPY Lift ETF	8.70%

Correlation

The correlation between TSPY and TSYX is 0.96 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.

	Correlation
Correlation (All Time) Calculated using the full available price history since Jan 8, 2026	0.96

Return for Risk

TSPY vs. TSYX — Risk / Return Rank

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

TSPY

TSPY Risk / Return Rank: 67
TSPY Sharpe Ratio Rank: 71
TSPY Sortino Ratio Rank: 71
TSPY Omega Ratio Rank: 71
TSPY Calmar Ratio Rank: 57
TSPY Martin Ratio Rank: 68

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. TSYX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for TappAlpha SPY Growth & Daily Income ETF (TSPY) and TSPY Lift ETF (TSYX). 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	TSYX	Difference
Sharpe ratio: Return per unit of total volatility	2.36	—	—
Sortino ratio: Return per unit of downside risk	3.28	—	—
Omega ratio: Gain probability vs. loss probability	1.44	—	—
Calmar ratio: Return relative to maximum drawdown	2.86	—	—
Martin ratio: Return relative to average drawdown	12.75	—	—
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	TSYX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.36	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.17	1.28	-0.11

Drawdowns

TSPY vs. TSYX - Drawdown Comparison

The maximum TSPY drawdown since its inception was -18.02%, which is greater than TSYX's maximum drawdown of -13.39%. Use the drawdown chart below to compare losses from any high point for TSPY and TSYX.

Drawdown Indicators

	TSPY	TSYX	Difference
Max Drawdown Largest peak-to-trough decline	-18.02%	-13.39%	-4.63%
Max Drawdown (1Y) Largest decline over 1 year	-9.63%	—	—
Current Drawdown Current decline from peak	-0.13%	-0.16%	+0.03%
Average Drawdown Average peak-to-trough decline	-2.53%	-2.97%	+0.44%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.16%	—	—

Volatility

Volatility by Period

	TSPY	TSYX	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.52%	—	—
Volatility (6M) Calculated over the trailing 6-month period	8.72%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	11.68%	18.21%	-6.53%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.05%	18.21%	-2.16%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.05%	18.21%	-2.16%

TSPY vs. TSYX - Expense Ratio Comparison

TSPY has a 0.68% expense ratio, which is lower than TSYX's 0.98% expense ratio.

Dividends

TSPY vs. TSYX - Dividend Comparison

TSPY's dividend yield for the trailing twelve months is around 13.68%, more than TSYX's 6.17% yield.

Position	TTM	2025	2024
TSPY TappAlpha SPY Growth & Daily Income ETF	13.68%	13.69%	3.45%
TSYX TSPY Lift ETF	6.17%	0.00%	0.00%

Frequently Asked Questions

Can I hold both TSPY and TSYX in my portfolio?

With a correlation of 0.96, TSPY and TSYX move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which ETF is better, TSPY or TSYX?

On fees, TSPY is cheaper at 0.68% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, TSPY or TSYX?

TSPY is cheaper with a 0.68% expense ratio, compared with 0.98% for TSYX.

Which ETF pays a higher dividend yield, TSPY or TSYX?

TSPY has the higher dividend yield at 13.68%, compared with 6.17% for TSYX.

What is the main difference between TSPY and TSYX?

TSPY is categorized as Derivative Income, while TSYX is Leveraged Equities. Their fees differ too: 0.68% for TSPY and 0.98% for TSYX.