TSPY TappAlpha SPY Growth & Daily Income ETF
Quote as of Aug 26, 2026 20:00 UTC · Market data delayed approximately 15–20 minutes unless otherwise indicated.
| Previous Close | 25.60 | Day Range | 25.55 – 25.66 |
| 52-Week Range | 22.66 – 26.67 | Volume | 160.34K |
| Avg Volume | 230.43K | AUM | $121.2M (Aug 27, 2026) |
| Expense Ratio | 0.77% | Yield (TTM) | 12.75% |
| NAV | 25.63 | Premium/Discount | 0.00% indicative |
| Inception | Aug 15, 2024 | Holdings | — |
| Issuer | TappAlpha | Exchange | NASDAQ |
| Category | Growth | Index Tracked | S&P 500 |
| CUSIP | 26923N553 | ISIN | US26923N5538 |
| Management | Not stated in source data | ||
About this ETF
TSPY is the issuers first ETF. The objective of the issuer is to provide easier access to more sophisticated investment strategies. TSPY holds shares of SPDR S&P 500 Index trust (ticker: SPY) and writes call options each day to generate income. Options may be written against the shares of SPY, the S&P 500 index itself, SPX, or the Cboe Mini-SPX Index, XSP. The expiration dates for the call options will focus on using 0DTE, same day expiration, but may range up to one week. The portfolio manager aims to generate daily income and distribute the income monthly. Investors should note the high turnover rate of the fund and that distributions will be taxed as ordinary income. The fund will hold US Treasury securities as collateral.
Description from the fund data provider · profile as of Aug 27, 2026.
Price Chart
Daily closing prices (price return, not total return). Comparison lines are normalized to percent change from the range start. Source: Financial Modeling Prep.
Performance
| 1M | 3M | 6M | YTD | 1Y | 3Y* | 5Y* | 10Y* | Incep.* | |
|---|---|---|---|---|---|---|---|---|---|
| Price return | +2.07% | -1.31% | +1.26% | +0.51% | +2.93% | — | — | — | +2.39% |
| Total return | +3.26% | +1.02% | +7.51% | +9.25% | +17.30% | — | — | — | +16.44% |
* Annualized. Total return uses the dividend-adjusted price series (distributions reinvested); price return uses unadjusted closes. Performance through Aug 26, 2026. Past performance does not guarantee future results.
Fees
| Net expense ratio | 0.77% | Annual cost of a $10,000 investment | $77.00 |
Illustrative calculation only: expense ratio × $10,000. It excludes trading costs, bid/ask spreads, taxes and changes in investment value. Gross vs. net expense details and any fee waivers are in the prospectus.
Holdings
Holdings as of Jul 15, 2026 — portfolio reporting date from the data provider; holdings are not live positions. 3 rows in database.
| # | Holding | Ticker | Weight | Shares | Market Value |
|---|---|---|---|---|---|
| 1 | Vanguard S&P 500 ETF | VOO | 99.44% | 434.58K | $300.3M |
| 2 | First American Government Obligations Fund… | — | 0.32% | 970.73K | $970.7K |
| 3 | Cash & Other | — | 0.24% | 729.65K | $729.7K |
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Geographic Exposure
Country weights as reported by the data provider. Developed/emerging/frontier labels follow the classification on the Methodology page. Currency hedged: No hedging indicated in the fund name.
Distributions
| Yield (TTM) | 12.75% | Paid (last 12 months) | $3.2677 |
| Frequency | Monthly | SEC yield | Not provided by our data source — see the issuer page |
| Last ex-date | Aug 04, 2026 | Last payment | $0.3001 (Aug 05, 2026) |
| Growth 1Y | — | Growth 3Y / 5Y (ann.) | — / — |
| Ex-date | Record | Pay date | Amount |
|---|---|---|---|
| Aug 04, 2026 | Aug 04, 2026 | Aug 05, 2026 | $0.3001 |
| Jun 30, 2026 | Jun 30, 2026 | Jul 01, 2026 | $0.2952 |
| May 05, 2026 | May 05, 2026 | May 06, 2026 | $0.2931 |
| Mar 31, 2026 | Mar 31, 2026 | Apr 01, 2026 | $0.2807 |
| Mar 03, 2026 | Mar 03, 2026 | Mar 04, 2026 | $0.3000 |
| Feb 03, 2026 | Feb 03, 2026 | Feb 04, 2026 | $0.3001 |
| Jan 06, 2026 | Jan 06, 2026 | Jan 07, 2026 | $0.3023 |
| Dec 02, 2025 | Dec 02, 2025 | Dec 03, 2025 | $0.3009 |
| Nov 04, 2025 | Nov 04, 2025 | Nov 05, 2025 | $0.3031 |
| Oct 07, 2025 | Oct 07, 2025 | Oct 08, 2025 | $0.3002 |
| Sep 02, 2025 | Sep 02, 2025 | Sep 03, 2025 | $0.2921 |
| Aug 05, 2025 | Aug 05, 2025 | Aug 06, 2025 | $0.2919 |
Trailing distribution yield = last 12 months of cash ÷ current price. It is NOT the SEC 30-day yield and distributions are not guaranteed to continue. The difference explained →
Risk Statistics
| Volatility 1Y / 3Y | 12.63% / — | Sharpe 1Y / 3Y | 1.16 / — |
| Max drawdown 1Y / 3Y | -9.62% / — | Sortino 1Y | 1.69 |
| Beta vs S&P 500 (3Y) | 0.899 | Correlation vs S&P 500 (1Y) | 0.963 |
| Downside deviation 1Y | 8.62% | Risk-free rate used | 3.71% (3M T-bill, FRED) |
Computed by ETF Explorer from daily dividend-adjusted closes; volatility and drawdown are annualized/period figures; S&P 500 exposure proxied by SPY. As of Aug 27, 2026. Formulas →
Liquidity
| Volume today | 160.34K | Average volume | 230.43K |
| AUM | $121.2M | Premium/Discount | 0.00% |
| Bid/Ask spread | Not provided by our data source. Check your broker's quote screen; spreads are widest at the open and close. | ||
Premium/discount compares the delayed market price with the last reported NAV — an indicative figure, not the official closing premium/discount. How ETF liquidity works →
Fund Flows (estimated)
| Period | Est. net flow | % of starting AUM | AUM start → end |
|---|---|---|---|
| 1 Day | $0.00 | 0.00% | $121.2M → $121.2M |
| 1 Week | -$713.2K | -0.59% | $121.2M → $121.2M |
ETF Explorer estimate: change in reported AUM minus the market-move effect, from our own daily snapshots. Not official issuer creation/redemption data.
Official Fund Resources
External links open the issuer's site or SEC EDGAR in a new tab. The prospectus and official documents are always the authoritative source — review them before investing.
Latest News for TSPY
No articles mention this fund directly in the last 7 days — showing general ETF coverage.
Guided help: AUM is fund size. The expense ratio is the yearly cost baked into returns. NAV is the value of what the fund owns per share; the market price can sit slightly above (premium) or below (discount) it. Total return assumes distributions were reinvested. Every dataset shows its own as-of date because holdings, assets and quotes update on different schedules.