ETF Comparison
TSPY vs XDTE: Which Is the Better Pick in 2026?
A head-to-head comparison of SPY Growth & Daily Income ETF and Roundhill ETF Trust - Roundhill S&P 500 0DTE Covered Call covering yield, cost, risk, and income potential.
Data updated April 9, 2026
Side-by-side snapshot
| TSPY | XDTE | |
|---|---|---|
| Full name | SPY Growth & Daily Income ETF | Roundhill ETF Trust - Roundhill S&P 500 0DTE Covered Call |
| Issuer | TappAlpha | Roundhill Investments |
| Price | $23.29 | $36.88 |
| Distribution yield | 14.56% | 37.99% |
| Expense ratio | 0.77% | 0.97% |
| AUM | $237M | $294M |
| Distribution frequency | Monthly | Weekly |
| Underlying index | SPDR S&P 500 ETF Trust (SPY) | SPX |
| Objective | 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. | Covered Call |
| Asset class | Equity | Equity |
| Inception date | 08/14/2024 | 08/15/2024 |
| Beta | 0.0 | 0.0 |
| Last dividend | $0.28 | $0.21 |
| Ex-dividend date | 03/31/2026 | 04/01/2026 |
Visual comparison
Key metrics
Projected income on $10K
Projections assume the current yield and share price remain constant. Actual results will vary.
Quick verdict
TSPY (SPY Growth & Daily Income ETF) and XDTE (Roundhill ETF Trust - Roundhill S&P 500 0DTE Covered Call) are both popular monthly-pay 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. ETFs, but they take different approaches.
XDTE offers the higher yield at 37.99% vs 14.56% 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 0.77% compared to 0.97%.
They track different benchmarks: TSPY is linked to SPDR S&P 500 ETF Trust (SPY) while XDTE tracks SPX, which means their performance drivers differ.
XDTE is the larger fund by assets ($294M), which generally means tighter spreads and better liquidity.
Deep dive
Yield & income
On a $10,000 investment, TSPY would generate roughly $121.33/month while XDTE would produce $316.58/month at current distribution rates. Both pay monthly distributions.
Cost & efficiency
Over 10 years on $10,000, TSPY would cost approximately $770 in fees vs $970 for XDTE (simplified, not compounded). The $200.00 difference may be offset by yield or performance.
Strategy & risk
TSPY tracks SPDR S&P 500 ETF Trust (SPY) with a 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. approach, while XDTE tracks SPX using a covered call strategy. Beta is 0.0 for TSPY and 0.0 for XDTE, indicating XDTE is less volatile relative to the market.
Fund details
TSPY is managed by TappAlpha (launched 08/14/2024) with $237M in assets. XDTE is managed by Roundhill Investments (launched 08/15/2024) with $294M in assets.
Income calculator
See how much monthly income a hypothetical investment would generate in each ETF at current yields.
Frequently asked questions
Is TSPY or XDTE better for dividend income?
It depends on your goals. XDTE 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 TSPY and XDTE?
TSPY (SPY Growth & Daily Income ETF) tracks SPDR S&P 500 ETF Trust (SPY) with a 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. strategy, while XDTE (Roundhill ETF Trust - Roundhill S&P 500 0DTE Covered Call) tracks SPX with a covered call approach. They are issued by TappAlpha and Roundhill Investments respectively.
Can I hold both TSPY and XDTE?
Yes. Many income investors hold both to diversify across different strategies and underlying indexes. This can reduce concentration risk while maintaining a strong income stream.
Which has lower fees, TSPY or XDTE?
TSPY has an expense ratio of 0.77% while XDTE charges 0.97%. Lower fees mean more of your investment returns stay in your pocket over time.
How much income does $10,000 in TSPY vs XDTE generate?
At current yields, $10,000 in TSPY would generate roughly $121.33 per month ($1,456.00 annually). The same in XDTE would produce about $316.58 per month ($3,799.00 annually).
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