SPY vs TSPY
State Street SPDR S&P 500 ETF Trust vs TappAlpha S&P 500 Growth & Daily Income ETF
Which is better, SPY or TSPY?
Large Cap Blend against Multi Alternative.
SPY has a lower expense ratio. SPY led over 1Y and the full window. The two have moved almost in lockstep, correlation 0.98.
MarketXLS is not an investment adviser. This comparison is generated automatically from market data and is for information only. A Best mark means the better reading on that one measure, not a recommendation to buy.
Side-by-Side Comparison
| Metric | SPY | TSPY |
|---|---|---|
| Expense Ratio | 0.09%Best | 0.71% |
| AUM | $804.7B | $321M |
| Dividend Yield | 0.98% | 15.15% |
| Holdings | 505 | 4 |
| YTD Return | +12.22%Best | +9.92% |
| 1Y Return | +16.97%Best | +15.45% |
| 3Y Return (annualized) | +21.16% | - |
| 5Y Return (annualized) | +13.00% | - |
| Volatility (annualized) | 12.4%Tie | 12.4%Tie |
| Max Drawdown | -18.8% | -18.0%Best |
| $10,000 over 2.1 years | $14,141Best | $13,908 |
| Fund Family | State Street Investment Management | TappAlpha |
| Category | Equity | Alternative |
| Style | Large Cap Blend | Multi Alternative |
| Inception | Jan 22, 1993 | Aug 14, 2024 |
Not shown on this pair: Top 10 Weight.
Volatility and max drawdown, and the $10,000 over 2.1 years row, are measured over the window both funds cover: Aug 15, 2024 to Sep 17, 2026 (2.1 years).
SPY vs TSPY growth
Month-end closes. Both lines start at 0% in the first month shown, so the gap between them is the difference in growth across that window. The full view covers the 2.1 years both funds cover.
SPY vs TSPY Performance
State Street SPDR S&P 500 ETF Trust (SPY) is an ETF from State Street Investment Management and TappAlpha S&P 500 Growth & Daily Income ETF (TSPY) is an ETF from TappAlpha. Over the past year SPY returned +16.97% while TSPY returned +15.45%. Year to date, SPY is up 12.22% versus a gain of 9.92% for TSPY.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
SPY and TSPY have been equally volatile, both at 12.4% annualized.
The deepest peak-to-trough decline in our data was -18.8% for SPY and -18.0% for TSPY. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.98. They move almost in lockstep, so holding both mostly duplicates the same exposure.
Fees and Cost Over Time
SPY charges 0.09% per year while TSPY charges 0.71%. On a $10,000 position that is $9 vs $71 annually, a gap of $62 per year that compounds over a long holding period. On income, SPY currently yields 0.98% against 15.15% for TSPY.
Holdings Overlap
We hold position weights for 504 holdings in SPY and 2 in TSPY, totalling 99.9% and 99.8% of the two funds. The two books name no position in common, so there is no overlap percentage to show.
0 positions in common, counted across the 504 positions we hold weights for in SPY and 2 in TSPY, against full books of 505 and 4.
You are not choosing between two funds in isolation.
Whichever of SPY and TSPY you pick has to sit alongside everything else you own. Add the rest and see what the combination actually holds.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, SPY or TSPY?
SPY has an expense ratio of 0.09% while TSPY charges 0.71%. SPY is the cheaper option, by $62 a year on a $10,000 investment.
Which performed better, SPY or TSPY?
Over the past year SPY returned +16.97% vs +15.45% for TSPY, so SPY leads on 1-year performance. Over the longest common window we track (2 years), SPY annualized +17.94% vs +17.01% for TSPY. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, SPY or TSPY?
SPY and TSPY have been equally volatile, both at 12.4% annualized. Worst drawdown: SPY -18.8% vs TSPY -18.0%.
Should I hold both SPY and TSPY?
SPY and TSPY have a monthly-return correlation of 0.98, so they move almost identically. What is left to separate them is the fee and the index each one tracks. This is information, not a recommendation.
Which pays a higher dividend, SPY or TSPY?
SPY yields 0.98% while TSPY yields 15.15%, so TSPY currently pays the higher dividend yield.
Is TSPY better than SPY?
SPY has a lower expense ratio. SPY led over 1Y and the full window. The two have moved almost in lockstep, correlation 0.98. Which one suits a particular account depends on what it is for. This is information, not a recommendation.