SPYvsTSPYETF Comparison
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State Street SPDR S&P 500 ETF Trust (SPY) belongs to the US Large Cap segment. TappAlpha S&P 500 Growth & Daily Income ETF (TSPY) is part of the Options Strategies segment. Both ETFs have the same top 3 sector exposures: Information Technology, Communication Services and Consumer Discretionary. SPY is less expensive with a Total Expense Ratio (TER) of 0.0945%, versus 0.71% for TSPY. SPY is up 9.12% year-to-date (YTD) with +$9.30B in YTD flows. TSPY performs worse with 6.82% YTD performance, and +$115M in YTD flows. Run a side-by-side ETF comparison of SPY and TSPY below, and assess how they stack up in performance, liquidity, risk, exposure, holdings, and more, helping you select the best ETF for your investments.
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SPY vs TSPY performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 06/12/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | SPY TSPY | +0.54%+0.31% | +11.68%+9.98% | +9.12%+6.82% | +24.32%+22.85% | +77.80%n/a | +86.86%n/a |
| Flows | SPY TSPY | +$15.73B-$4M | +$43.74B+$26M | +$9.30B+$115M | +$21.32B+$247M | +$61.54B- | +$99.36B- |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | SPY TSPY | +15.27%+14.87% | +12.38%+12.22% | +14.94%n/a | +16.96%n/a |
| Max drawdown | SPY TSPY | -5.52%-5.41% | -8.89%-9.44% | -18.74%n/a | -24.50%n/a |
| Max drawdown duration | SPY TSPY | 21d21d | 76d73d | 126dn/a | 708dn/a |
Trading data
SPY | TSPY | |
Last sale 6/12/2026 at 1:30 PM | $741.75 | $25.37 |
| Previous close 06/11/2026 | $737.76 | $25.14 |
| Consolidated volume 06/11/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
Replication quality
Data as of May 29, 2026
1-year trailing difference
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TSPY
is actively managed and doesn’t replicate an indexSPY | TSPY | |
|---|---|---|
| Tracking error | ||
| Tracking difference | ||
| 1 year cumulative return difference | ||
| Best | ||
| Worst | ||
| Daily return difference | ||
| Average | ||
| Worst | ||
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Main metrics
Last update 6/12/2026 at 1:30 PM
Live
Closed
SPY | TSPY | |
|---|---|---|
| Last price | $741.75 | $25.37 |
| 1D performance | +0.54% | +0.91% |
| AuM | $783.07 B | $286.07 M |
| E/R | 0.0945% | 0.71% |
Characteristics
SPY | TSPY | |
|---|---|---|
| Management strategy | Passive | Active |
| Provider | State Street Investment Management | TappAlpha |
| Benchmark | S&P 500 Index | - |
| N° of holdings | 478 | 478 |
| Asset class | Equities | - |
| Trailing 12m distribution yield | Join | Join |
| Inception date | January 22, 1993 | August 14, 2024 |
| ESG | No | No |
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Exposure
Countries
SPY
USA
96.99%
Other
3.01%
TSPY
USA
96.63%
Other
3.37%
Sectors
SPY
Information Techn.
35.7%
Communication Ser.
10.98%
Consumer Discreti.
10.11%
Financials
9.89%
Health Care
8.38%
Industrials
8.08%
Other
16.86%
TSPY
Information Techn.
35.56%
Communication Ser.
10.94%
Consumer Discreti.
10.07%
Financials
9.86%
Health Care
8.34%
Industrials
8.05%
Other
17.17%
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Diversification
SPY
Total weight of top 15 holdings out of 15
43.91%
TSPY
Total weight of top 15 holdings out of 15
43.74%
Top 15 holdings
Data as of April 30, 2026
SPY
NVIDIA
7.85%
APPLE
6.45%
MICROSOFT-T
4.90%
AMAZON.COM INC
4.19%
ALPHABET INC-CL
3.63%
BROADCOM LIMITED
3.20%
ALPHABET INC-CL
2.89%
META PLATFORMS
2.17%
TESLA
1.74%
BERKSHIRE HATHWAY
1.41%
JPMORGAN CHASE
1.37%
LILLY
1.20%
EXXON
1.04%
MICRON TECHNOLOGY
0.94%
WALMART INC
0.94%
TSPY
NVIDIA
7.82%
APPLE
6.42%
MICROSOFT-T
4.88%
AMAZON.COM INC
4.18%
ALPHABET INC-CL
3.61%
BROADCOM LIMITED
3.19%
ALPHABET INC-CL
2.88%
META PLATFORMS
2.16%
TESLA
1.73%
BERKSHIRE HATHWAY
1.40%
JPMORGAN CHASE
1.36%
LILLY
1.19%
EXXON
1.04%
MICRON TECHNOLOGY
0.94%
WALMART INC
0.93%
Frequently asked questions about SPY and TSPY
How have the SPY and TSPY ETFs performed in 2026?
As of June 12, 2026, SPY is up 9.12% year-to-date (YTD), while TSPY has returned 6.82%. That puts SPY better performer ahead so far this year.
Which ETF is attracting more investor money: SPY or TSPY?
Year-to-date, the SPY ETF saw +$9.30B in flows, compared to +$115M for TSPY.
Which ETF is more volatile: SPY or TSPY?
Over the past year, SPY had a volatility of 12.38%, while TSPY experienced 12.22%.
Which ETF is bigger: SPY or TSPY?
As of June 12, 2026, SPY holds $783.07 B in assets under management (AUM), while TSPY manages $286.07 M.
What sectors do the SPY and TSPY ETFs invest in?
SPY leans toward sectors like Information Technology, Communication Services and Consumer Discretionary. Meanwhile, TSPY focuses on Information Technology, Communication Services and Consumer Discretionary.
What are the top holdings of the SPY ETF and TSPY ETF?
SPY top holdings include NVIDIA, APPLE and MICROSOFT-T. TSPY holds in its top three: NVIDIA, APPLE and MICROSOFT-T.
Which ETF is more diversified: SPY or TSPY?
SPY holds 503 securities with 43.91% of its assets in the top 15. TSPY has 503 securities and a top 15 weight of 43.74%.
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