TappAlpha SPY Growth & Daily Income ETF

TSPY

Market cap $152M

The TappAlpha SPY Growth & Daily Income ETF is a Buy, outperforming peers in the S&P 500 0DTE-based covered call ETF space. TSPY's flexible, aggressive option-writing strategy paired with full SPY exposure minimizes tracking error and adapts well to varying market regimes. The ETF's sustainable sub-14% yield avoids NAV erosion seen in higher-yielding competitors like XDTE, supporting long-term capital preservation.

TappAlpha SPY Growth and Daily Income ETF offers a compelling 13.68% trailing 12-month yield with relatively stable monthly distributions. TSPY's same-day S&P 500 options strategy differentiates it from QYLD, aiming to limit risk and support capital appreciation alongside income. Despite a higher 0.77% expense ratio, TSPY's 1-year tracking error is a low 3.21%, outperforming QYLD on price return over the past year.

Monthly dividend stocks are becoming increasingly popular, especially those that amplify their yields using options.

TSPY offers ~13% yield, which might not sound too promising in terms of the ETF being included in durable retirement income portfolio. Typically, anything that exceed, say, 8% to 10% yield range carries elevated risks on both dividend and value sustainability front. However, I have still included TSPY in my 'high yield/medium risk' portfolio bucket - a portfolio designed for durable retirement income extraction and gradual snowballing.

SEATTLE, Oct. 31, 2025 (GLOBE NEWSWIRE) -- TappAlpha , a fintech-powered ETF issuer focused on making advanced investment strategies accessible, is proud to announce that TDAQ, its actively managed income ETF built on the Nasdaq-100, has surpassed $25 million in assets under management (AUM) less than two months after launch. Since inception on September 4, 2025, TDAQ has delivered a total return of 10.57%, outperforming its underlying benchmark, the Nasdaq-100, which was up 10.16% during that same period (9.4.25 - 10.29.25).

SEATTLE, Wash., Oct. 02, 2025 (GLOBE NEWSWIRE) -- TappAlpha, a fintech-powered ETF issuer focused on making advanced investing strategies accessible, today announced that its flagship fund, the TappAlpha SPY Growth & Daily Income ETF (Nasdaq: TSPY), has surpassed $100 million in assets under management (AUM).

The TappAlpha SPY Growth & Daily Income ETF (TSPY) is a relatively new covered call ETF option focused on high monthly income from S&P 500 exposure. TSPY is actively managed, holding SPY and writing call options, resulting in a 13.6% distribution yield. Since its August 2024 inception, TSPY has delivered an 18.2% NAV return, out-performing JEPI and closely matching SPYI's total return.

Amplify CWP Growth and Income ETF offers a more tactical, flexible covered-call strategy compared to TappAlpha SPY Growth and Daily Income ETF. QDVO selects 20-40 large-cap stocks based on earnings and performance, selling options on individual holdings for enhanced total returns and income balance. TSPY provides higher, more consistent income by selling daily index calls, but its conservative approach limits upside compared to QDVO's nuanced strategy.

Covered call ETFs like TSPY are increasingly attractive as investors seek high yields to combat inflation and potential recession risks. TSPY stands out for its active management, high 14.24% yield, and steady monthly distributions, making it ideal for income-focused investors. The fund is designed to outperform in bear, flat, or moderate bull markets, offering defensive benefits if a recession materializes.

As TSPY surpasses $69 million in AUM, TappAlpha launches TDAQ to bring its daily income strategy to the NASDAQ-100. SEATTLE, Sept.