SPY vs TDAQ
State Street SPDR S&P 500 ETF Trust vs TappAlpha Innovation 100 Growth & Daily Income ETF
Quick Verdict
SPY has a lower expense ratio. SPY delivered stronger 1-year returns. SPY offers more diversification with 505 holdings.
Side-by-Side Comparison
| Metric | SPY | TDAQ | Winner |
|---|---|---|---|
| Expense Ratio | 0.09% | 0.83% | |
| AUM | $821.1B | $307M | |
| Dividend Yield | 1.01% | 14.23% | |
| Holdings | 505 | 4 | |
| YTD Return | +13.21% | +7.99% | |
| 1Y Return | +19.87% | +17.46% | |
| 3Y Return (annualized) | +21.16% | - | |
| 5Y Return (annualized) | +12.74% | - | |
| Volatility (annualized) | 15.3% | - | |
| Max Drawdown | -56.5% | -14.2% | |
| Fund Family | State Street Investment Management | TappAlpha | |
| Category | Equity | Alternative | |
| Inception | Jan 22, 1993 | Sep 4, 2025 |
SPY vs TDAQ Performance
State Street SPDR S&P 500 ETF Trust (SPY) is a ETF from State Street Investment Management and TappAlpha Innovation 100 Growth & Daily Income ETF (TDAQ) is a ETF from TappAlpha. Over the past year SPY returned +19.87% while TDAQ returned +17.46%. Year to date, SPY is up 13.21% versus a gain of 7.99% for TDAQ.
Risk: Volatility and Drawdowns
The deepest peak-to-trough decline in our data was -56.5% for SPY and -14.2% for TDAQ. Drawdown depth is worth weighing if you expect to sell during market stress rather than ride it out.
Fees and Cost Over Time
SPY charges 0.09% per year while TDAQ charges 0.83%. On a $10,000 position that is $9 vs $83 annually, a gap of $74 per year that compounds over a long holding period. On income, SPY currently yields 1.01% against 14.23% for TDAQ.
Holdings Overlap
SPY and TDAQ share 0 holdings out of 506 unique holdings combined, representing a 0.0% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, SPY or TDAQ?
SPY has an expense ratio of 0.09% while TDAQ charges 0.83%. SPY is the cheaper option. On a $10,000 investment, that is $74 per year of difference.
Which performed better, SPY or TDAQ?
Over the past year SPY returned +19.87% vs +17.46% for TDAQ, so SPY leads on 1-year performance. Past performance does not guarantee future results.
What is the holdings overlap between SPY and TDAQ?
SPY and TDAQ share 0 common holdings with a 0.0% weight overlap. Combined, they hold 506 unique securities.
Which pays a higher dividend, SPY or TDAQ?
SPY yields 1.01% while TDAQ yields 14.23%, so TDAQ currently pays the higher dividend yield.
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