A head-to-head comparison of VegaShares SPX NDX RTY Premium Income ETF and SPY Growth & Daily Income ETF covering yield, cost, risk, and income potential.
ETFs and AUM reflect what Dividend Vision tracks — the issuer's full lineup may be larger.
VegaShares operates a focused suite of two income-focused ETFs designed to generate regular distributions through options strategies and dividend investing. The firm's lineup includes ODTE and VAIE, both emphasizing yield generation for investors seeking regular cash flow. With a specialized niche in options-based and dividend income strategies, VegaShares targets investors prioritizing distributions over capital appreciation.
See our curated list of related YouTube videos on ODTE.
ETFs and AUM reflect what Dividend Vision tracks — the issuer's full lineup may be larger.
TappAlpha operates a focused ETF lineup of four funds organized around two main families: Growth & Daily Income and T² Lift Series. The company's fund offerings span growth-oriented strategies and daily income approaches, with ticker symbols including TDAQ, TDAX, TSPY, and TSYX that target investors seeking regular income generation or equity growth exposure. As a smaller, specialized ETF provider, TappAlpha positions itself in a niche segment of the ETF market focused on daily income strategies and differentiated growth approaches.
See our curated list of related YouTube videos on TSPY.
The TappAlpha SPY Growth & Daily Income ETF (the "Fund") seeks current income while maintaining prospects for capital appreciation. The Fund’s secondary investment objective is to seek exposure to the performance of the SPDR S&P 500 ETF Trust ("SPY"), subject to a limit on potential investment gains.
Asset class
Equity
Equity
Inception date
04/03/2026
08/14/2024
Beta
—
0.935
Last dividend
$0.0740
$0.2952
Ex-dividend date
07/30/2026
06/30/2026
Bottom lineChoose ODTE if you want to maximize current income — roughly 14.92%, generated by selling options premium. Choose TSPY if you are comfortable trading away most upside for a large, steady payout.
Most used
Income calculator
See how much monthly income a hypothetical investment would generate in each ETF at current yields.
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Projections assume the current yield and share price remain constant. Actual results will vary.
Total returns
ODTE has lagged TSPY over the year to date, posting a 7.07% total return against 7.78%. Figures are total returns: price change plus every distribution reinvested.
Total return with all distributions reinvested on the ex-dividend date, split-adjusted, as of July 31, 2026. YTD and 1Y are cumulative; longer windows are annualized. “Since Apr 2026” measures every fund from April 6, 2026 — the youngest fund's first trading day — so all funds share one comparison window. Volatility is the annualized standard deviation of daily total returns over the shared window since Apr 2026. Sharpe and Sortino divide the annualized return in excess of the risk-free rate by, respectively, that volatility and the downside deviation (both over the shared window since Apr 2026) — higher is better. Max drawdown is the largest peak-to-trough total-return decline over the same window — shallower is better.
Quick verdict
ODTE (VegaShares SPX NDX RTY Premium Income ETF) and TSPY (SPY Growth & Daily Income ETF) are both dividend ETFs, but they take different approaches.
ODTE offers the higher yield at 14.92% vs 13.96% for TSPY. A higher yield means more current income per dollar invested, though it may come with different risk characteristics.
TSPY is cheaper with an expense ratio of 0.71% compared to 0.76%.
They track different benchmarks: ODTE is linked to S&P 500, Nasdaq-100, Russell 2000 while TSPY tracks SPDR S&P 500 ETF Trust (SPY), which means their performance drivers differ.
TSPY has $300M in assets vs $3.08M for ODTE, but ODTE only launched April 2026 — AUM comparisons will become more meaningful as it builds a track record.
Who should choose each?
Choose ODTE
VegaShares SPX NDX RTY Premium Income ETF
Want to maximize current income — ODTE distributes roughly 14.92% from selling options premium, vs 13.96% for TSPY.
Are comfortable with an options-income strategy — a large payout in exchange for capped upside.
Choose TSPY
SPY Growth & Daily Income ETF
Are comfortable with an options-income strategy — a large payout in exchange for capped upside.
Want to keep costs low — a 0.71% expense ratio vs 0.76% for ODTE.
Prefer an established track record — ODTE only launched April 2026.
Not sure? Use the income calculator and snapshot above to weigh these trade-offs against your own goals.
Still deciding? Track ODTE & TSPY for free
Create a free Dividend Vision account to keep them on a watchlist, get notified when they declare dividends, and see how much income they would add to your portfolio.
On a $10,000 investment, ODTE would generate roughly $124.33/month, while TSPY would produce $116.33/month, at current distribution rates.
ODTE yield14.92%
TSPY yield13.96%
Monthly diff on $10K$8.00
Cost & efficiency
Over 10 years on $10,000, ODTE would cost approximately $760 in fees vs $710 for TSPY (simplified, not compounded). The $50.00 difference may be offset by yield or performance.
ODTE ER0.76%
TSPY ER0.71%
Strategy & risk
ODTE tracks S&P 500, Nasdaq-100, Russell 2000 with a covered call approach, while TSPY tracks SPDR S&P 500 ETF Trust (SPY) with a growth approach.
ODTE beta—
TSPY beta0.935
Fund details
ODTE is managed by VegaShares (launched 04/03/2026) with $3.08M in assets. TSPY is managed by TappAlpha (launched 08/14/2024) with $300M in assets.
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Frequently asked questions
Is ODTE or TSPY better for dividend income?
It depends on your goals. ODTE currently offers the higher distribution yield, which means more income per dollar invested. However, a lower-yield fund may offer better total return or lower volatility. Consider your time horizon and risk tolerance.
What is the difference between ODTE and TSPY?
ODTE (VegaShares SPX NDX RTY Premium Income ETF) tracks S&P 500, Nasdaq-100, Russell 2000 with a covered call approach, while TSPY (SPY Growth & Daily Income ETF) tracks SPDR S&P 500 ETF Trust (SPY) with a growth approach. They are issued by VegaShares and TappAlpha respectively.
Can I hold both ODTE and TSPY?
Yes — nothing prevents holding both. Whether the combination actually diversifies depends on how much the underlying exposures overlap, which isn't fully measurable from the data on this page; review each security's holdings, sector, and strategy before treating them as complementary.
Which has lower fees, ODTE or TSPY?
ODTE has an expense ratio of 0.76% while TSPY charges 0.71%. Lower fees mean more of your investment returns stay in your pocket over time.
How much income does $10,000 in ODTE vs TSPY generate?
At current rates, $10,000 in ODTE would generate roughly $124.33 per month ($1,492.00 annually). The same in TSPY would produce about $116.33 per month ($1,396.00 annually).
Which has performed better historically, ODTE or TSPY?
ODTE has lagged TSPY over the year to date, posting a 7.07% total return against 7.78%. Figures are total returns: price change plus every distribution reinvested. Past performance does not guarantee future results.
Explore related screeners
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