TSYX vs. SPY

Last updated Jun 23, 2026

TSYX (TSPY Lift ETF) and SPY (State Street SPDR S&P 500 ETF) are both exchange-traded funds - TSYX is a Leveraged Equities fund actively managed by TappAlpha, while SPY is a S&P 500 fund tracking the S&P 500 Index. TSYX is actively managed, while SPY is passively managed. With a 0.97 correlation, they move nearly in lockstep. TSYX charges 0.98%/yr vs 0.09%/yr for SPY.

Performance

TSYX vs. SPY - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in TSPY Lift ETF (TSYX) and State Street SPDR S&P 500 ETF (SPY). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

TSYX

• 1D: -0.59%
• 1M: -0.56%
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

SPY

• 1D: -0.31%
• 1M: 0.09%
• YTD: 9.74%
• 6M: 9.27%
• 1Y: 26.65%
• 3Y*: 21.27%
• 5Y*: 13.51%
• 10Y*: 15.70%

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

TSYX vs. SPY - Yearly Performance Comparison

	2026 (YTD)
TSYX TSPY Lift ETF	5.17%
SPY State Street SPDR S&P 500 ETF	8.17%

Correlation

The correlation between TSYX and SPY is 0.97 - 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 7, 2026	0.97

Return for Risk

TSYX vs. SPY — Risk / Return Rank

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

TSYX

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

SPY

SPY Risk / Return Rank: 68
SPY Sharpe Ratio Rank: 69
SPY Sortino Ratio Rank: 66
SPY Omega Ratio Rank: 68
SPY Calmar Ratio Rank: 63
SPY Martin Ratio Rank: 74

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.

TSYX vs. SPY - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for TSPY Lift ETF (TSYX) and State Street SPDR S&P 500 ETF (SPY). 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.

	TSYX	SPY	Difference
Sharpe ratio: Return per unit of total volatility	—	2.16	—
Sortino ratio: Return per unit of downside risk	—	2.91	—
Omega ratio: Gain probability vs. loss probability	—	1.39	—
Calmar ratio: Return relative to maximum drawdown	—	3.01	—
Martin ratio: Return relative to average drawdown	—	13.54	—

Drawdowns

TSYX vs. SPY - Drawdown Comparison

The maximum TSYX drawdown since its inception was -13.39%, smaller than the maximum SPY drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for TSYX and SPY.

Drawdown Indicators

	TSYX	SPY	Difference
Max Drawdown Largest peak-to-trough decline	-13.39%	-55.19%	+41.80%
Max Drawdown (1Y) Largest decline over 1 year	—	-8.88%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-18.76%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-24.50%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-33.72%	—
Current Drawdown Current decline from peak	-2.65%	-1.75%	-0.90%
Average Drawdown Average peak-to-trough decline	-2.97%	-9.04%	+6.07%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	1.97%	—

Volatility

Volatility by Period

	TSYX	SPY	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	4.64%	—
Volatility (6M) Calculated over the trailing 6-month period	—	9.75%	—
Volatility (1Y) Calculated over the trailing 1-year period	19.09%	12.43%	+6.66%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	19.09%	17.14%	+1.95%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.09%	17.99%	+1.10%

TSYX vs. SPY - Expense Ratio Comparison

TSYX has a 0.98% expense ratio, which is higher than SPY's 0.09% expense ratio.

Dividends

TSYX vs. SPY - Dividend Comparison

TSYX's dividend yield for the trailing twelve months is around 7.14%, more than SPY's 1.01% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
SPY State Street SPDR S&P 500 ETF	1.01%	1.07%	1.21%	1.40%	1.65%	1.20%	1.52%	1.75%	2.04%	1.80%	2.03%	2.06%
TSYX TSPY Lift ETF	7.14%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both TSYX and SPY in my portfolio?

With a correlation of 0.97, TSYX and SPY 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, TSYX or SPY?

On fees, SPY is cheaper at 0.09% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, TSYX or SPY?

SPY is cheaper with a 0.09% expense ratio, compared with 0.98% for TSYX.

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

TSYX has the higher dividend yield at 7.14%, compared with 1.01% for SPY.

What is the main difference between TSYX and SPY?

TSYX is categorized as Leveraged Equities, while SPY is S&P 500. They also come from different issuers: TappAlpha and State Street. Their fees differ too: 0.98% for TSYX and 0.09% for SPY.