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: Technology, Finance and Consumer Non-Cyclicals. SPY is less expensive with a Total Expense Ratio (TER) of 0.0945%, versus 0.71% for TSPY. SPY is up 9.31% year-to-date (YTD) with +$15.59B in YTD flows. TSPY performs worse with 7.46% YTD performance, and +$137M 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 07/30/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | SPY TSPY | -0.77%-0.65% | +3.44%+3.21% | +9.31%+7.46% | +18.18%+17.32% | +68.16%n/a | +80.99%n/a |
| Flows | SPY TSPY | +$5.90B+$24M | +$29.49B+$44M | +$15.59B+$137M | +$23.21B+$254M | +$68.75B- | +$100.23B- |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | SPY TSPY | +13.45%+13.27% | +12.87%+12.74% | +15.06%n/a | +17.00%n/a |
| Max drawdown | SPY TSPY | -4.46%-4.47% | -8.89%-9.44% | -18.74%n/a | -24.50%n/a |
| Max drawdown duration | SPY TSPY | 58d58d | 76d73d | 126dn/a | 708dn/a |
Trading data
SPY | TSPY | |
Last sale 7/31/2026 at 7:17 PM | $747.02 | $25.32 |
| Previous close 07/30/2026 | $741.69 | $25.24 |
| Consolidated volume 07/30/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
Replication quality
Data as of June 30, 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 7/31/2026 at 7:17 PM
Live
Closed
SPY | TSPY | |
|---|---|---|
| Last price | $747.02 | $25.32 |
| 1D performance | +0.72% | +0.32% |
| AuM | $789.06 B | $306.16 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 | 496 | 496 |
| 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
97.3%
Other
2.7%
TSPY
USA
96.59%
Other
3.41%
Sectors
SPY
Technology
45.7%
Finance
13.13%
Consumer Non-Cycl.
8.76%
Healthcare
8.66%
Industrials
7.93%
Other
15.81%
TSPY
Technology
45.45%
Finance
12.89%
Consumer Non-Cycl.
8.71%
Healthcare
8.61%
Industrials
7.89%
Other
16.45%
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Diversification
SPY
Total weight of top 15 holdings out of 15
43.05%
TSPY
Total weight of top 15 holdings out of 15
42.7%
Top 15 holdings
Data as of June 30, 2026
SPY
NVIDIA Corp.
7.50%
Apple, Inc.
6.57%
Microsoft Corp.
4.29%
Amazon.com, Inc.
3.61%
Alphabet, Inc.
3.24%
Broadcom Inc.
2.77%
Alphabet, Inc.
2.58%
Micron Technology, Inc.
2.01%
Meta Platforms, Inc.
1.91%
Tesla, Inc.
1.83%
Eli Lilly & Co.
1.47%
Advanced Micro Devices, Inc.
1.47%
Berkshire Hathaway, Inc.
1.42%
JPMorgan Chase & Co.
1.36%
Intel Corp.
1.02%
TSPY
NVIDIA Corp.
7.45%
Apple, Inc.
6.54%
Microsoft Corp.
4.26%
Amazon.com, Inc.
3.59%
Alphabet, Inc.
3.22%
Broadcom Inc.
2.75%
Alphabet, Inc.
2.57%
Micron Technology, Inc.
2.00%
Meta Platforms, Inc.
1.90%
Tesla, Inc.
1.82%
Eli Lilly & Co.
1.46%
Advanced Micro Devices, Inc.
1.46%
Berkshire Hathaway, Inc.
1.41%
JPMorgan Chase & Co.
1.25%
Intel Corp.
1.01%
Frequently asked questions about SPY and TSPY
How have the SPY and TSPY ETFs performed in 2026?
As of July 30, 2026, SPY is up 9.31% year-to-date (YTD), while TSPY has returned 7.46%. 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 +$15.59B in flows, compared to +$137M for TSPY.
Which ETF is more volatile: SPY or TSPY?
Over the past year, SPY had a volatility of 12.87%, while TSPY experienced 12.74%.
Which ETF is bigger: SPY or TSPY?
As of July 30, 2026, SPY holds $789.06 B in assets under management (AUM), while TSPY manages $306.16 M.
What sectors do the SPY and TSPY ETFs invest in?
SPY leans toward sectors like Technology, Finance and Consumer Non-Cyclicals. Meanwhile, TSPY focuses on Technology, Finance and Consumer Non-Cyclicals.
What are the top holdings of the SPY ETF and TSPY ETF?
SPY top holdings include NVIDIA Corp., Apple, Inc. and Microsoft Corp.. TSPY holds in its top three: NVIDIA Corp., Apple, Inc. and Microsoft Corp..
Which ETF is more diversified: SPY or TSPY?
SPY holds 501 securities with 43.05% of its assets in the top 15. TSPY has 503 securities and a top 15 weight of 42.7%.
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