TSPYvsOVLETF Comparison
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TappAlpha SPY Growth & Daily Income ETF (TSPY) and Overlay Shares Large Cap Equity ETF (OVL) belong to the same industry segment: Options Strategies. Both ETFs have the same top 3 sector exposures: Information Technology, Financials and Communication Services. TSPY is less expensive with a Total Expense Ratio (TER) of 0.77%, versus 0.79% for OVL. TSPY is up 3.09% year-to-date (YTD) with +$93M in YTD flows. OVL performs better with 6.45% YTD performance, and +$29M 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.
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TSPY vs OVL performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 04/28/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | TSPY OVL | +11.34%+13.51% | +0.88%+3.86% | +3.09%+6.45% | +30.77%+36.04% | n/a+84.49% | n/a+83.13% |
| Flows | TSPY OVL | -$3M+$36M | +$47M+$30M | +$93M+$29M | +$234M-$9M | --$3M | -+$17M |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | TSPY OVL | +15.02%+17.24% | +12.40%+14.33% | n/a+17.06% | n/a+18.96% |
| Max drawdown | TSPY OVL | -9.44%-8.71% | -9.44%-8.71% | n/a-21.55% | n/a-28.68% |
| Max drawdown duration | TSPY OVL | 73d47d | 73d47d | n/a133d | n/a745d |
Trading data
TSPY | OVL | |
Last sale 4/28/2026 at 1:30 PM | $25.07 | $54.69 |
| Previous close 04/28/2026 | $25.13 | $55.47 |
| Consolidated volume 04/28/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
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Main metrics
Last update 4/28/2026 at 1:30 PM
Live
Closed
TSPY | OVL | |
|---|---|---|
| Last price | $25.07 | $54.69 |
| 1D performance | -0.24% | -1.41% |
| AuM | $259.25 M | $215.47 M |
| E/R | 0.77% | 0.79% |
Characteristics
TSPY | OVL | |
|---|---|---|
| Management strategy | Active | Active |
| Provider | TappAlpha | Overlay Shares |
| Benchmark | - | - |
| N° of holdings | 478 | 478 |
| Asset class | - | - |
| Trailing 12m distribution yield | Join | Join |
| Inception date | August 14, 2024 | September 25, 2019 |
| ESG | No | No |
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Exposure
Countries
TSPY
USA
97.6%
Other
2.4%
OVL
USA
96.79%
Other
3.21%
Sectors
TSPY
Information Techn.
34.16%
Financials
10.46%
Communication Ser.
10.3%
Consumer Discreti.
10.08%
Health Care
9.39%
Industrials
8.38%
Other
17.23%
OVL
Information Techn.
33.91%
Financials
10.25%
Communication Ser.
10.23%
Consumer Discreti.
10.02%
Health Care
9.32%
Industrials
8.33%
Other
17.93%
Diversification
TSPY
Total weight of top 15 holdings out of 15
42.79%
OVL
Total weight of top 15 holdings out of 15
42.43%
Top 15 holdings
Data as of March 31, 2026
TSPY
NVIDIA
7.63%
APPLE
6.71%
MICROSOFT-T
4.95%
AMAZON.COM INC
3.66%
ALPHABET INC-CL
3.01%
BROADCOM LIMITED
2.64%
ALPHABET INC-CL
2.41%
META PLATFORMS
2.25%
TESLA
1.88%
BERKSHIRE HATHWAY
1.58%
JPMORGAN CHASE
1.43%
LILLY
1.31%
EXXON
1.28%
JOHNSON&JOHNSON
1.06%
WALMART INC
0.98%
OVL
NVIDIA
7.58%
APPLE
6.66%
MICROSOFT-T
4.92%
AMAZON.COM INC
3.64%
ALPHABET INC-CL
2.99%
BROADCOM LIMITED
2.62%
ALPHABET INC-CL
2.40%
META PLATFORMS
2.24%
TESLA
1.87%
BERKSHIRE HATHWAY
1.57%
JPMORGAN CHASE
1.34%
LILLY
1.30%
EXXON
1.27%
JOHNSON&JOHNSON
1.05%
WALMART INC
0.97%
Frequently asked questions about TSPY and OVL
How have the TSPY and OVL ETFs performed in 2026?
As of April 28, 2026, TSPY is up 3.09% year-to-date (YTD), while OVL has returned 6.45%. 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 +$93M in flows, compared to +$29M for OVL.
Which ETF is more volatile: TSPY or OVL?
Over the past year, TSPY had a volatility of 12.4%, while OVL experienced 14.33%.
Which ETF is bigger: TSPY or OVL?
As of April 28, 2026, TSPY holds $259.25 M in assets under management (AUM), while OVL manages $215.47 M.
What sectors do the TSPY and OVL ETFs invest in?
TSPY leans toward sectors like Information Technology, Financials and Communication Services. Meanwhile, OVL focuses on Information Technology, Financials and Communication Services.
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 42.79% of its assets in the top 15. OVL has 503 securities and a top 15 weight of 42.43%.
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