Alternatives
Best TSPY Alternatives in 2026
Daily and monthly S&P 500 income ETFs to consider alongside TappAlpha TSPY.
Data updated August 2026 · 9 ETFs
Who this page is for
Best for
- TSPY holders comparing similar funds, fees, payouts, and strategy design
- S&P 500 investors comparing daily option management with established income overlays
- Investors who will compare total return and NAV trend alongside distribution rate
Not a fit for
- Investors who prefer a plain low-cost S&P 500 index fund with uncapped upside
- Anyone treating a current distribution rate as guaranteed future income
- Investors choosing from headline yield alone without reviewing the underlying exposure
Analysis
TSPY seeks S&P 500 growth and income through a frequently reset options overlay. JEPI uses a lower-volatility stock portfolio and equity-linked notes; SPYI writes tax-aware index options; GPIX actively manages call coverage; and XYLD follows a systematic buy-write index. XDTE provides another short-dated comparison with weekly distributions. Although the funds share large-cap equity exposure, their overwrite level and reset schedule create different upside, volatility, tax, and payout profiles. The most useful ranking depends on total return and risk, not how often cash arrives.
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A ranked list is a starting point. Dividend Vision turns it into a plan — forecasting the income your holdings actually generate and putting each fund's yield next to its total return and risk.
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Top picks
Top 3 TSPY alternatives by assets under management.
Yield distribution
Expense ratio distribution
Income projection
Estimated income if the current average distribution rate of 10.41% held for a full year with share prices unchanged. Distribution rate is not total return—a fund can pay a large distribution while its share price falls—so treat these as an upper-bound illustration, not a forecast.
| Investment | Annual income | Monthly income | Weekly income |
|---|---|---|---|
| $10,000 | $1,041 | $87 | $20 |
| $25,000 | $2,603 | $217 | $50 |
| $50,000 | $5,206 | $434 | $100 |
| $100,000 | $10,411 | $868 | $200 |
Issuer breakdown
Distribution of ETFs by fund issuer. Larger issuers often offer lower expense ratios and higher liquidity.
All 9 ETFs
| Ticker | Name | Issuer | Yield | Expense ratio | AUM | Frequency |
|---|---|---|---|---|---|---|
| JEPI | JPMorgan Equity Premium Income ETF | JPMorgan | 7.66% | 0.35% | $45.3B | Monthly |
| SPYI | NEOS S&P 500 High Income ETF | NEOS | 12.03% | 0.68% | $10.9B | Monthly |
| DIVO | Amplify CWP Enhanced Dividend Income ETF | Amplify ETFs | 4.81% | 0.56% | $7.5B | Monthly |
| GPIX | Goldman Sachs S&P 500 Core Premium Income ETF | Goldman Sachs | 8.53% | 0.29% | $5.1B | Monthly |
| XYLD | Global X S&P 500 Covered Call ETF | Global X | 11.92% | 0.60% | $3.2B | Monthly |
| ISPY | ProShares S&P 500 High Income ETF | ProShares | 6.30% | 0.55% | $1.2B | Monthly |
| XDTE | Roundhill ETF Trust - Roundhill S&P 500 0DTE Covered Call | Roundhill Investments | 12.13% | 0.95% | $341M | Weekly |
| OVL | Overlay Shares Large Cap Equity ETF | Overlay Shares | 10.47% | 0.79% | $337M | Monthly |
| SPYT | Defiance S&P 500 Income Target ETF | Defiance ETFs | 19.85% | 0.94% | $155M | Monthly |
Frequently asked questions
What are the best tspy alternatives?
This page lists the top 9 ETFs in this category ranked by key metrics. The list includes funds from issuers like JPMorgan, NEOS, Amplify ETFs, Goldman Sachs, Global X and more.
How often is this list updated?
The data on this page is refreshed regularly using the latest available distribution rates, expense ratios, and AUM figures. Last updated August 2026.
What is the average yield of these ETFs?
The average distribution yield across the 9 ETFs on this list is 10.41%. Individual yields range from 4.81% to 19.85%.
What is the closest alternative to TSPY?
SPYI and GPIX are close S&P 500 income comparisons, while XDTE offers another short-dated overlay. JEPI is the largest established large-cap premium-income reference point.
What should I compare when choosing a TSPY alternative?
Compare daily versus monthly option resets, overwrite level, upside capture, distribution composition, fees, tax characteristics, liquidity, and total return against the S&P 500.
Does a higher-yielding TSPY alternative produce a better return?
Not necessarily. Distribution rate measures cash paid, not wealth created. Compare total return, NAV trend, fees, distribution composition, and the amount of upside surrendered by any options overlay.
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The metrics and risks behind this list, explained in the Academy.
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