A head-to-head comparison of TappAlpha Innovation 100 Growth & Daily 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.
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 TDAQ and TSPY.
TappAlpha Innovation 100 Growth & Daily Income ETF
SPY Growth & Daily Income ETF
Issuer
TappAlpha
TappAlpha
Last Close
$27.35 as of July 15, 2026
$25.52 as of July 15, 2026
Distribution yield
17.11%
13.88%
Distribution Safety Score
79
79
Expense ratio
0.83%
0.71%
AUM
$227M
$286M
Distribution frequency
Monthly
Monthly
Underlying index
Invesco QQQ Trust (QQQ)
SPDR S&P 500 ETF Trust (SPY)
Objective
The TappAlpha Innovation 100 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 Invesco QQQ Trust, Series 1 ("QQQ"), subject to a limit on potential investment gains.
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
09/04/2025
08/14/2024
Beta
1.287
0.935
Last dividend
$0.3900
$0.2952
Ex-dividend date
07/14/2026
06/30/2026
Bottom lineChoose TDAQ if you want to maximize current income — roughly 17.11%, 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.
Quick verdict
TDAQ (TappAlpha Innovation 100 Growth & Daily Income ETF) and TSPY (SPY Growth & Daily Income ETF) are both monthly-pay dividend ETFs, but they take different approaches.
TDAQ offers the higher yield at 17.11% vs 13.88% 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 0.83%.
They track different benchmarks: TDAQ is linked to Invesco QQQ Trust (QQQ) while TSPY tracks SPDR S&P 500 ETF Trust (SPY), which means their performance drivers differ.
TSPY is the larger fund by assets ($286M), which generally means tighter spreads and better liquidity.
Who should choose each?
Choose TDAQ
TappAlpha Innovation 100 Growth & Daily Income ETF
Want to maximize current income — TDAQ distributes roughly 17.11% from selling options premium, vs 13.88% 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 0.83% for TDAQ.
Prefer lower volatility — a beta of 0.9 vs 1.3 for TDAQ.
Not sure? Use the income calculator and snapshot above to weigh these trade-offs against your own goals.
Deep dive
Yield & income
On a $10,000 investment, TDAQ would generate roughly $142.58/month, while TSPY would produce $115.67/month, at current distribution rates. Both pay monthly distributions.
TDAQ yield17.11%
TSPY yield13.88%
Monthly diff on $10K$26.92
Cost & efficiency
Over 10 years on $10,000, TDAQ would cost approximately $830 in fees vs $710 for TSPY (simplified, not compounded). The $120.00 difference may be offset by yield or performance.
TDAQ ER0.83%
TSPY ER0.71%
Strategy & risk
TDAQ tracks Invesco QQQ Trust (QQQ) with a growth approach, while TSPY tracks SPDR S&P 500 ETF Trust (SPY) with a growth approach. Beta is 1.287 for TDAQ and 0.935 for TSPY, indicating TSPY is less volatile relative to the market.
TDAQ beta1.287
TSPY beta0.935
Fund details
TDAQ is managed by TappAlpha (launched 09/04/2025) with $227M in assets. TSPY is managed by TappAlpha (launched 08/14/2024) with $286M in assets.
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Frequently asked questions
Is TDAQ or TSPY better for dividend income?
It depends on your goals. TDAQ 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 TDAQ and TSPY?
TDAQ (TappAlpha Innovation 100 Growth & Daily Income ETF) tracks Invesco QQQ Trust (QQQ) with a growth approach, while TSPY (SPY Growth & Daily Income ETF) tracks SPDR S&P 500 ETF Trust (SPY) with a growth approach. They are issued by TappAlpha and TappAlpha respectively.
Can I hold both TDAQ 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, TDAQ or TSPY?
TDAQ has an expense ratio of 0.83% 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 TDAQ vs TSPY generate?
At current rates, $10,000 in TDAQ would generate roughly $142.58 per month ($1,711.00 annually). The same in TSPY would produce about $115.67 per month ($1,388.00 annually).
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