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TSPYvsOVLETF Comparison
TappAlpha SPY Growth & Daily Income ETF (TSPY) and Overlay Shares Large Cap Equity ETF (OVL) belong to the same industry segment: Options Strategies. TSPY's top 3 sector exposures are Information Technology, Communication Services and Financials. In contrast, OVL's top sector exposures are Information Technology, Communication Services and Consumer Discretionary. TSPY is less expensive with a Total Expense Ratio (TER) of 0.77%, versus 0.79% for OVL. TSPY is down -1.41% year-to-date (YTD) with +$89M in YTD flows. OVL performs better with 0.2% YTD performance, and -$103K in YTD flows. Run a side-by-side ETF comparison of TSPY and OVL below, and assess how they stack up in performance, liquidity, risk, exposure, holdings, and more, helping you select the best ETF for your investments.
TSPY vs OVL performance and flow charts
Performance
Cumulative Flows
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | TSPY OVL | -2.72%-2.09% | -2.08%-0.76% | -1.41%+0.20% | +21.34%+26.09% | n/a+90.51% | n/a+84.46% |
| Flows | TSPY OVL | +$15M+$2M | +$106M-$2M | +$89M-$103K | +$226M-$16M | --$33M | --$8M |
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | TSPY OVL | +11.51%+14.26% | +20.06%+20.39% | n/a+16.95% | n/a+18.81% |
| Max drawdown | TSPY OVL | -3.58%-3.24% | -13.19%-15.55% | n/a-21.55% | n/a-28.68% |
| Max drawdown duration | TSPY OVL | 37d14d | 50d45d | n/a133d | n/a745d |
TSPY | OVL | |
Last sale 3/11/2026 at 1:30 PM | $24.20 | $52.45 |
| Previous close 03/11/2026 | $24.23 | $52.37 |
| Consolidated volume 03/11/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
TSPY | OVL | |
|---|---|---|
| Last price | $24.20 | $52.45 |
| 1D performance | -0.12% | +0.15% |
| AuM | $247.31 M | $178.12 M |
| E/R | 0.77% | 0.79% |
TSPY | OVL | |
|---|---|---|
| Management strategy | Active | Active |
| Provider | TappAlpha | Overlay Shares |
| Benchmark | - | - |
| N° of holdings | 479 | 479 |
| Asset class | - | - |
| Trailing 12m distribution yield | Join | Join |
| Inception date | August 14, 2024 | September 25, 2019 |
| ESG | No | No |
Countries
Sectors
Diversification
Total weight of top 15 holdings out of 15
Total weight of top 15 holdings out of 15
Top 15 holdings
How have the TSPY and OVL ETFs performed in 2026?
As of March 11, 2026, TSPY is down -1.41% year-to-date (YTD), while OVL has returned 0.2%. That puts OVL better performer ahead so far this year.
Which ETF is attracting more investor money: TSPY or OVL?
Year-to-date, the TSPY ETF saw +$89M in flows, compared to -$103K for OVL.
Which ETF is more volatile: TSPY or OVL?
Over the past year, TSPY had a volatility of 20.06%, while OVL experienced 20.39%.
Which ETF is bigger: TSPY or OVL?
As of March 11, 2026, TSPY holds $247.31 M in assets under management (AUM), while OVL manages $178.12 M.
What sectors do the TSPY and OVL ETFs invest in?
TSPY leans toward sectors like Information Technology, Communication Services and Financials. Meanwhile, OVL focuses on Information Technology, Communication Services and Consumer Discretionary.
What are the top holdings of the TSPY ETF and OVL ETF?
TSPY top holdings include NVIDIA, APPLE and MICROSOFT-T. OVL holds in its top three: NVIDIA, APPLE and MICROSOFT-T.
Which ETF is more diversified: TSPY or OVL?
TSPY holds 502 securities with 43.76% of its assets in the top 15. OVL has 503 securities and a top 15 weight of 43.91%.
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