TSPY vs. XDTE
Compare and contrast key facts about TappAlpha SPY Growth & Daily Income ETF (TSPY) and Roundhill ETF Trust - Roundhill S&P 500 0DTE Covered Call Strategy ETF (XDTE).
TSPY and XDTE are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. TSPY is an actively managed fund by TappAlpha. It was launched on Aug 14, 2024. XDTE is an actively managed fund by Roundhill. It was launched on Mar 6, 2024.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: TSPY or XDTE.
Correlation
The correlation between TSPY and XDTE is 0.88, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
TSPY vs. XDTE - Performance Comparison
Key characteristics
TSPY:
21.04%
XDTE:
16.40%
TSPY:
-18.02%
XDTE:
-19.09%
TSPY:
-12.70%
XDTE:
-15.15%
Returns By Period
In the year-to-date period, TSPY achieves a -7.92% return, which is significantly higher than XDTE's -11.49% return.
TSPY
-7.92%
-7.18%
-8.22%
N/A
N/A
N/A
XDTE
-11.49%
-10.91%
-10.33%
4.76%
N/A
N/A
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TSPY vs. XDTE - Expense Ratio Comparison
TSPY has a 0.68% expense ratio, which is lower than XDTE's 0.95% expense ratio.
Risk-Adjusted Performance
TSPY vs. XDTE — Risk-Adjusted Performance Rank
TSPY
XDTE
TSPY vs. XDTE - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for TappAlpha SPY Growth & Daily Income ETF (TSPY) and Roundhill ETF Trust - Roundhill S&P 500 0DTE Covered Call Strategy ETF (XDTE). 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.
Not enough dataDividends
TSPY vs. XDTE - Dividend Comparison
TSPY's dividend yield for the trailing twelve months is around 9.17%, less than XDTE's 32.05% yield.
| TTM | 2024 | |
|---|---|---|
TSPY TappAlpha SPY Growth & Daily Income ETF | 9.17% | 3.45% |
XDTE Roundhill ETF Trust - Roundhill S&P 500 0DTE Covered Call Strategy ETF | 32.05% | 20.35% |
Drawdowns
TSPY vs. XDTE - Drawdown Comparison
The maximum TSPY drawdown since its inception was -18.02%, smaller than the maximum XDTE drawdown of -19.09%. Use the drawdown chart below to compare losses from any high point for TSPY and XDTE. For additional features, visit the drawdowns tool.
Volatility
TSPY vs. XDTE - Volatility Comparison
TappAlpha SPY Growth & Daily Income ETF (TSPY) has a higher volatility of 13.59% compared to Roundhill ETF Trust - Roundhill S&P 500 0DTE Covered Call Strategy ETF (XDTE) at 10.86%. This indicates that TSPY's price experiences larger fluctuations and is considered to be riskier than XDTE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.