TSYX vs. TSPY

Last updated Jun 3, 2026

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

Performance

TSYX vs. TSPY - Performance Comparison

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

Returns By Period

TSYX

• 1D: 0.35%
• 1M: 6.39%
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

TSPY

• 1D: -0.09%
• 1M: 4.80%
• YTD: 9.26%
• 6M: 9.86%
• 1Y: 28.12%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

TSYX vs. TSPY - Yearly Performance Comparison

	2026 (YTD)
TSYX TSPY Lift ETF	8.88%
TSPY TappAlpha SPY Growth & Daily Income ETF	8.18%

Correlation

The correlation between TSYX and TSPY 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

TSYX vs. TSPY — Risk / Return Rank

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

TSPY

TSPY Risk / Return Rank: 70
TSPY Sharpe Ratio Rank: 73
TSPY Sortino Ratio Rank: 73
TSPY Omega Ratio Rank: 74
TSPY Calmar Ratio Rank: 59
TSPY Martin Ratio Rank: 70

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. TSPY - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for TSPY Lift ETF (TSYX) and TappAlpha SPY Growth & Daily Income ETF (TSPY). 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.

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

Sharpe Ratios by Period

	TSYX	TSPY	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	2.42	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.31	1.17	+0.14

Drawdowns

TSYX vs. TSPY - Drawdown Comparison

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

Drawdown Indicators

	TSYX	TSPY	Difference
Max Drawdown Largest peak-to-trough decline	-13.39%	-18.02%	+4.63%
Max Drawdown (1Y) Largest decline over 1 year	—	-9.63%	—
Current Drawdown Current decline from peak	0.00%	-0.09%	+0.09%
Average Drawdown Average peak-to-trough decline	-3.00%	-2.53%	-0.47%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	2.16%	—

Volatility

Volatility by Period

	TSYX	TSPY	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	18.30%	11.68%	+6.62%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.30%	16.07%	+2.23%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.30%	16.07%	+2.23%

TSYX vs. TSPY - Expense Ratio Comparison

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

Dividends

TSYX vs. TSPY - Dividend Comparison

TSYX's dividend yield for the trailing twelve months is around 5.77%, less than TSPY's 14.76% yield.

Position	TTM	2025	2024
TSPY TappAlpha SPY Growth & Daily Income ETF	14.76%	13.69%	3.45%
TSYX TSPY Lift ETF	5.77%	0.00%	0.00%

Frequently Asked Questions

Can I hold both TSYX and TSPY in my portfolio?

With a correlation of 0.96, TSYX and TSPY 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 TSPY?

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, TSYX or TSPY?

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

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

TSPY has the higher dividend yield at 14.76%, compared with 5.77% for TSYX.

What is the main difference between TSYX and TSPY?

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