TSPY: TappAlpha S&P 500 Growth & Daily Income ETF
TappAlpha · 0DTE / Daily Option Income · Tracks S&P 500
Growth of $100
Green is what an investor who reinvested every payout would have; red is the price alone. The gap between them is the income. If the red line keeps falling, the payouts are partly your own money coming back.
Was the payout earned?
Over the last year TSPY paid 14.8% but returned +9.3% in total, so about 58% of the payout was earned; the rest came back out of the fund's own value (its price fell).
| Earned % (3 months) | below -100% |
| Earned % (1 year) | 58% |
| Earned % (full history, up to 5 yrs) | 94% |
Earned % = total return ÷ payouts. 100% means every dollar paid out was earned; below 100% means part of it came from the fund's own value. This is an economic measure based on market price, not the tax label on the payout.
Where the DT Score comes from
Total 63.5 / 100 · rank #99 of 420. How the score works
Risk
| Sortino ratio (1Y) | 0.47 |
| Sharpe ratio (1Y) | 0.34 |
| Steadiness vs S&P 500 | 102% |
| Beta to S&P 500 | 0.96 |
| Correlation to S&P 500 | 0.98 |
| Max drop (1Y) | -9.6% |
| Max drop (up to 5 yrs) | -18.0% |
| Trend | Downtrend |
| History | 2.2 yrs |
Vs. SPY (what it's built on)
| Upside capture | 94% |
| Downside capture | 95% |
| Capture ratio | 0.99 |
| Beta | 0.96 |
| Correlation | 0.98 |
| Tracking | Closely |
On days SPY rose, TSPY caught 94% of the gain; on days it fell, TSPY took 95% of the loss.
Payout history
Each bar is one payout (last 27 shown). Pays Monthly.
| Ex-date | Amount |
|---|---|
| 2026-11-03 | $0.2970 |
| 2026-10-06 | $0.2970 |
| 2026-09-01 | $0.2950 |
| 2026-08-04 | $0.3000 |
| 2026-06-30 | $0.2950 |
| 2026-06-02 | $0.2980 |
| 2026-05-05 | $0.2930 |
| 2026-03-31 | $0.2810 |
| 2026-03-03 | $0.3000 |
| 2026-02-03 | $0.3000 |
| 2026-01-06 | $0.3020 |
| 2025-12-02 | $0.3010 |
Funds that track the same thing
Other S&P 500 income funds, ranked by DT Score. See them all · Compare TSPY with the top 3
| Fund | Category | Fwd rate | 12m yield | 1Y total ret. | Earned % 1Y | Upside capt. | Downside capt. | Tracking | DT Score | Momentum | Trend |
|---|---|---|---|---|---|---|---|---|---|---|---|
| XYLD Global X S&P 500 Covered Call ETF | Index Covered Call / Option Income | 10.2% | 10.6% | +11.7% | 107% | 52% | 43% | Loosely | 76 | 58 | Downtrend |
| PBP Invesco S&P 500 BuyWrite ETF | Index Covered Call / Option Income | 9.6% | 12.5% | +12.7% | 99% | 52% | 42% | Loosely | 75 | 58 | Downtrend |
| GPIX Goldman Sachs S&P 500 Premium Income ETF | Index Covered Call / Option Income | 8.9% | 7.9% | +10.9% | 123% | 87% | 85% | Closely | 75 | 46 | Downtrend |
| SPHD Invesco S&P 500 High Dividend Low Volatility ETF | Equity Income / Dividend Growth | 5.0% | 4.8% | +16.1% | 304% | 15% | -4% | Weakly | 74 | 78 | Mixed |
| APRH Innovator Premium Income 20 Barrier ETF - April | Buffer / Defined Outcome | 8.4% | 7.5% | +7.1% | 97% | 13% | 5% | Weakly | 73 | 69 | Downtrend |
| SPYD State Street SPDR Portfolio S&P 500 High Dividend ETF | Equity Income / Dividend Growth | 4.2% | 4.2% | +21.9% | 444% | 31% | 8% | Weakly | 73 | 83 | Uptrend |
| BALI iShares U.S. Large Cap Premium Income Active ETF | Index Covered Call / Option Income | 6.5% | 7.5% | +12.6% | 150% | 82% | 77% | Closely | 73 | 41 | Downtrend |
| JANH Innovator U.S. Equity Premium Income 20 Barrier ETF - January | Buffer / Defined Outcome | 6.3% | 6.2% | +5.9% | 95% | 22% | 17% | Loosely | 72 | 72 | Downtrend |
| ADX Adams Diversified Equity Fund | CEF - Equity | 8.2% | 7.8% | +15.5% | 161% | 103% | 99% | Loosely | 72 | 35 | Downtrend |
| JEPI JPMorgan Equity Premium Income ETF | Index Covered Call / Option Income | 7.2% | 7.5% | +7.8% | 99% | 42% | 37% | Loosely | 72 | 60 | Downtrend |
About TSPY
| Issuer | TappAlpha |
| Structure | ETF |
| Category | 0DTE / Daily Option Income |
| Strategy | Index exposure plus daily-expiry (0DTE) calls on a portion, retaining some upside |
| Underlying | S&P 500 |
| Exposure | S&P 500 / US Large Cap |
| Index linkage | Partial - options/overlay on index |
| Pays | Monthly |
| Expense ratio | 0.69% |
| Launched | 2024-12 |
| Uses leverage | No |
| Upside capped | Partial |
| Rate sensitivity | Neutral |
| Return of capital common | Sometimes |
| Tax notes | Ordinary income and some ROC |
Research notes: Expense ratio from memory - verify; inception approximate.
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