TSPY vs. TSYX

Last updated Aug 2, 2026

TSPY (TappAlpha S&P 500 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. Their 0.96 correlation means they have historically moved very closely together. 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 S&P 500 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: 0.53%
• 1M: 0.29%
• 6M: 6.27%
• YTD: 8.08%
• 1Y: 20.20%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 16.62%

TSYX

• 1D: 0.83%
• 1M: 0.07%
• 6M: 5.30%
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: —

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
TSPY TappAlpha S&P 500 Growth & Daily Income ETF	$5.19M	$4.92M	$5.63M
TSYX TSPY Lift ETF	$219.78K	$409.01K	$452.43K

TSPY vs. TSYX - Yearly Performance Comparison

	2026 (YTD)
TSPY TappAlpha S&P 500 Growth & Daily Income ETF	6.52%
TSYX TSPY Lift ETF	5.31%

Correlation

The correlation between TSPY and TSYX is 0.96 - they have historically moved very closely together. At this level, their price movements offset little of one another.

	Correlation
Correlation (All Time) Calculated using the full available price history since Jan 7, 2026	0.96

Return for Risk

TSPY vs. TSYX — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

TSPY

TSPY Risk / Return Rank: 59
TSPY Sharpe Ratio Rank: 60
TSPY Sortino Ratio Rank: 59
TSPY Omega Ratio Rank: 60
TSPY Calmar Ratio Rank: 53
TSPY Martin Ratio Rank: 65

TSYX

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

TSPY vs. TSYX - 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 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.

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	TSYX	Difference
Sharpe ratio: Return per unit of total volatility	1.41	—	—
Sortino ratio: Return per unit of downside risk	1.98	—	—
Omega ratio: Gain probability vs. loss probability	1.26	—	—
Calmar ratio: Return relative to maximum drawdown	1.86	—	—
Martin ratio: Return relative to average drawdown	7.80	—	—

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	-1.16%	-2.52%	+1.36%
Average Drawdown Average peak-to-trough decline	-2.46%	-2.93%	+0.47%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.30%	—	—

Volatility

Volatility by Period

	TSPY	TSYX	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.92%	—	—
Volatility (6M) Calculated over the trailing 6-month period	9.88%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	12.74%	18.33%	-5.59%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.95%	18.33%	-2.38%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.95%	18.33%	-2.38%

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 14.02%, more than TSYX's 9.19% yield.

Position	TTM	2025	2024
TSPY TappAlpha S&P 500 Growth & Daily Income ETF	14.02%	13.69%	3.45%
TSYX TSPY Lift ETF	9.19%	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 14.02%, compared with 9.19% 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.