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TSPY TappAlpha S&P 500 Growth & Daily Income ETF

Option income on SPY, paying monthly

Over the year to Sep 11, 2026, TSPY paid 14.2% in cash and still finished 1.6 points behind SPY.

TappAlpha · Income ETFs · data as of

Key facts

14.2%Cash paid, 1 year, on its starting price
+15.9%Total return, 1 year
−1.6 ptsAgainst SPY
14.0%Latest payout, annualized

Method

ETFIQ Return Stability Score

62.150th of 161

TSPY paid 14.2% in cash and its price rose 0.6%, so the payout came out of returns rather than principal.

Was the payout funded by returns, or by your own capital?

Against its benchmark
MLPD −38.1 ptsMDST −30.2 ptsSLTY −29.1 ptsBLOX −27.8 ptsEIPI −27.8 ptsYQQQ −27.6 ptsULTY −23.3 ptsGDXY −22.0 ptsHIGH −20.8 ptsTOPW −18.6 ptsTDVI −18.3 ptsYMAX −18.1 ptsHISF −17.3 ptsACKY −17.2 ptsWEEI −16.9 ptsNDIV −16.6 ptsLQDW −16.2 ptsOARK −15.8 ptsFDND −15.5 ptsTCAL −15.0 ptsQRMI −14.8 ptsSDVD −14.8 ptsLFGY −14.5 ptsSLJY −14.5 ptsSCLZ −14.1 ptsYFYA −13.9 ptsQUSA −13.5 ptsHYGW −13.0 ptsJULH −13.0 ptsXLRI −13.0 ptsMAGY −12.9 ptsYYY −12.7 ptsXLKI −12.6 ptsJULJ −12.4 ptsLJUL −12.4 ptsJANJ −12.3 ptsLJAN −12.3 ptsFGSI −12.2 ptsLOCT −12.1 ptsRNTY −12.1 ptsAIPI −12.0 ptsIWMY −12.0 ptsOCTJ −11.9 ptsHIPS −11.7 ptsJUCY −11.6 ptsXLEI −11.6 ptsAPRJ −11.3 ptsLAPR −11.3 ptsXISE −11.3 ptsXIJN −11.1 ptsCVRD −11.0 ptsJANH −11.0 ptsAPRH −10.9 ptsXBTY −10.7 ptsXIDE −10.7 ptsOCTH −10.6 ptsJEPI −10.3 ptsXIMR −10.1 ptsSRHR −9.7 ptsXRMI −8.7 ptsVEGA −8.3 ptsBUYW −8.2 ptsIAUI −7.9 ptsBAGY −7.7 ptsXV −7.5 ptsKHPI −7.3 ptsYBTC −7.3 ptsFTHI −7.0 ptsYLDE −6.8 ptsIGLD −6.1 ptsQQQI −6.1 ptsRDVI −6.0 ptsSPIN −5.9 ptsFEPI −5.8 ptsIWMW −5.8 ptsTYLG −5.7 ptsBITY −5.6 ptsSPUT −5.4 ptsWTPI −5.2 ptsPAPI −4.7 ptsXLVI −4.7 ptsETCO −4.3 ptsJEPQ −4.1 ptsCAIE −4.0 ptsFTKI −3.9 ptsGPTY −3.7 ptsIQQQ −3.7 ptsGIAX −3.4 ptsBIGY −3.3 ptsISPY −3.1 ptsRYLD −3.1 ptsWEEL −2.9 ptsYMAG −2.9 ptsRDTY −2.6 ptsXLBI −2.5 ptsNBOS −1.8 ptsRYLG −1.8 ptsSPYI −1.7 ptsFTQI −1.6 ptsKNG −1.6 ptsTHTA −1.5 ptsQQQY −1.3 ptsRDTE −1.3 ptsDIVO −1.2 ptsSIXH −1.2 ptsXYLD −1.2 ptsDFII −1.1 ptsGPIQ −1.1 ptsQDTY −1.1 ptsXYLG −1.1 ptsXDTE −0.9 ptsQDTE −0.7 ptsQYLD −0.7 ptsXLII −0.7 ptsXPAY −0.7 ptsEGGY −0.6 ptsJOYT −0.6 ptsSDTY −0.6 ptsWDTE −0.4 ptsBTCC −0.3 ptsQYLG −0.3 ptsGPIX 0.0 ptsDJIA +0.1 ptsDYLG +0.3 ptsIWMI +0.3 ptsKGLD +0.3 ptsXLFI +0.3 ptsIVVW +0.4 ptsLTTI +0.5 ptsLQTI +0.6 ptsPBP +0.6 ptsHYTI +0.9 ptsTDAQ +0.9 ptsCSHI +1.3 ptsBALI +1.4 ptsYETH +1.5 ptsHYBL +1.6 ptsXLUI +1.6 ptsCHPY +1.9 ptsBTCI +2.1 ptsSOXY +2.3 ptsITWO +2.5 ptsDOGG +2.7 ptsCEPI +2.9 ptsXLYI +2.9 ptsYBIT +2.9 ptsTLTP +3.4 ptsDUBS +4.0 ptsSEPI +4.7 ptsXLCI +5.2 ptsIDVO +5.4 ptsTLTW +5.4 ptsBCCC +6.3 ptsOMAH +6.5 ptsIDUB +6.9 ptsXLSI +8.8 ptsUSOY +10.5 ptsBUCK +10.9 ptsKLIP +20.9 ptsNVYY +24.6 ptsTSPY −1.6 ptsTSPY −1.6 pts−38.1 pts+24.6 pts

61.2% of the 161 sit at or below TSPY on this measure.

What happened to the principal
ETCO −75.0%XBTY −74.7%YETH −67.4%YBTC −61.4%BTCC −59.9%YBIT −58.9%BAGY −58.0%SLTY −54.4%ULTY −53.3%NVYY −52.4%BITY −51.9%BCCC −49.4%BTCI −46.9%DFII −44.8%LFGY −43.0%YMAX −41.0%BLOX −38.8%TOPW −36.6%OARK −33.3%KLIP −32.8%GDXY −32.5%YMAG −27.1%YQQQ −26.3%MAGY −25.8%IWMY −23.1%CEPI −21.0%RDTY −19.9%RDTE −19.4%QDTE −18.5%EGGY −15.1%TLTP −14.5%XLYI −14.1%LTTI −13.8%ACKY −13.7%WDTE −13.7%QQQY −13.0%QDTY −12.8%XDTE −12.8%AIPI −12.2%QUSA −11.8%LQTI −10.4%TLTW −10.3%SDTY −9.9%GIAX −9.8%XLUI −9.5%HIGH −9.3%LQDW −9.3%TCAL −9.0%FEPI −8.5%XV −8.4%IGLD −8.1%XLRI −8.0%XLCI −7.9%FDND −7.6%YYY −7.5%XLSI −7.3%RNTY −6.5%HYTI −6.3%GPTY −6.0%OMAH −6.0%XLBI −5.7%HYGW −5.6%IWMW −5.3%HIPS −5.2%XPAY −4.9%HISF −4.7%QRMI −4.2%USOY −4.0%XLFI −3.8%FGSI −3.2%BUCK −2.5%HYBL −2.5%JUCY −2.3%XRMI −2.3%MLPD −1.7%CAIE −1.6%IAUI −1.6%YFYA −1.6%IVVW −1.4%CVRD −1.3%JEPI −1.1%KNG −0.9%XIJN −0.7%JULJ −0.6%WTPI −0.5%CSHI −0.4%JULH −0.3%LJUL −0.2%XISE 0.0%JANH +0.1%JANJ +0.1%LAPR +0.1%LOCT +0.1%LJAN +0.2%OCTJ +0.2%XLII +0.2%APRJ +0.3%OCTH +0.3%XIDE +0.3%XIMR +0.4%APRH +0.5%KHPI +0.7%BIGY +0.8%WEEL +0.9%SRHR +1.0%FTHI +1.1%QQQI +1.5%XLVI +2.1%SPYI +2.6%QYLG +2.8%YLDE +2.8%BUYW +2.9%SDVD +3.0%XYLG +3.4%KGLD +3.8%THTA +3.9%DJIA +4.2%FTKI +4.3%SCLZ +4.4%PAPI +4.5%RYLD +4.7%XLKI +5.0%PBP +5.1%IWMI +5.3%DYLG +5.4%TDAQ +5.9%XYLD +5.9%JEPQ +6.0%SPIN +6.1%NBOS +6.5%SPUT +6.5%RYLG +7.1%GPIX +7.9%FTQI +8.0%DOGG +8.2%ISPY +8.4%QYLD +8.4%DIVO +8.9%MDST +9.3%VEGA +9.4%BALI +9.5%GPIQ +9.8%SLJY +11.0%RDVI +11.7%TDVI +11.7%IQQQ +12.3%SEPI +13.8%XLEI +13.8%SIXH +14.1%ITWO +14.3%EIPI +14.6%JOYT +16.1%IDVO +16.4%DUBS +18.9%WEEI +18.9%IDUB +19.0%TYLG +21.2%NDIV +22.9%CHPY +24.9%SOXY +68.6%TSPY +0.6%TSPY +0.6%−75.0%+68.6%

63% of the 161 sit at or below TSPY on this measure.

Weighted evenly, those two positions are what the score combines, across the 161 income ETFs writing on an index or proxy. Neither spread above is the score: a fund can sit further right on one and score lower. A position in this set, not a rating: it moves when the set moves, and it is not a figure to average against another desk's.

What the score is computed from
What it measuresThis fundIts percentileWeight
against its benchmark−1.6 pts61.250%
what happened to the principal+0.6%6350%

All income ETFs ranked by this score · How it is computed

16th of 68 income ETFs writing on SPY, by return against it 63rd of 354 income ETFs by net assets

What a holder got

TSPY against SPYTSPY returned +15.9% with distributions reinvested against +17.5% for S&P 500 (SPY), a gap of −1.6 pts. Of that, 14.2% arrived as cash rather than price.+15.9%TSPY total return+17.5%S&P 500 (SPY)14.2% of it arrived as cash

Over the year to Sep 11, 2026, TSPY returned +15.9% with distributions reinvested and S&P 500 (SPY) returned +17.5%, so a holder came out behind it by 1.6 points. The lighter segment is the 14.2% that arrived as cash rather than as price.

Method

Period by period

TSPY over each window to Sep 11, 2026. Every figure is an ETFIQ calculation. Source: ETFIQ.
WindowCash paidPriceTotal returnSPYAhead or behind
3 months3.5%−0.3%+3.2%+3.3%−0.1 pts
6 months7.4%+6.3%+14.0%+16.0%−2.1 pts
1 year14.2%+0.6%+15.9%+17.5%−1.6 pts
Since launch28.7%+3.5%+37.1%+41.5%−4.3 pts

Method

When TSPY pays

TSPY pays monthly. The last distribution was $0.2954 a share, which went ex on Sep 1, 2026 and was paid on Sep 2, 2026. The next has not been declared. On its own cadence of about 28 days the ex-date falls near Sep 29, 2026; that date is an ETFIQ projection, not the issuer’s.

Expected distributions for TSPY. Where the basis is a projection, ETFIQ has carried the fund’s own spacing forward from its last ex-date and held the amount at the last one paid; neither is an issuer statement. Source: ETFIQ.
Ex-datePay dateAmountBasis
Sep 29, 2026Sep 30, 2026$0.2954ETFIQ projection from the fund’s own cadence
Oct 27, 2026Oct 28, 2026$0.2954ETFIQ projection from the fund’s own cadence
Every distribution ETFIQ holds for TSPY (13, most recent first)
Cash distributions per share for TSPY. Source: ETFIQ from Tiingo end-of-day distributions.
Ex-dateAmount
Sep 1, 2026$0.2954
Aug 4, 2026$0.3001
Jun 30, 2026$0.2952
Jun 2, 2026$0.2975
May 5, 2026$0.2931
Mar 31, 2026$0.2807
Mar 3, 2026$0.3
Feb 3, 2026$0.3001
Jan 6, 2026$0.3023
Dec 2, 2025$0.3009
Nov 4, 2025$0.3031
Oct 7, 2025$0.3002
Sep 2, 2025$0.2921

Every income ETF going ex-dividend in the next fortnight

Method

In plain words

Since it launched on Aug 15, 2024, TSPY has returned +37.1% with distributions reinvested, against +41.5% for S&P 500 (SPY), and has paid out 28.7% of its starting value in cash along the way. It pays monthly, and at its current price the latest distribution annualizes to 14.0%. No Rule 19a-1 notice has been published for this fund, so there is no issuer estimate of how much of its distributions was a return of capital.

TSPY (TappAlpha S&P 500 Growth & Daily Income ETF), income ETFs fields as of Sep 11, 2026. Source: ETFIQ.
Strategyoption income
BenchmarkS&P 500 (SPY)
Paysmonthly
Net assets (SEC filing, whole fund, as filed for Jun 30, 2026)$311m
Latest payout, annualized (ETFIQ)14.0%
Expense ratio (485BPOS XBRL, Apr 29, 2026)0.77%
Cash paid, last 12 months, over today’s price (ETFIQ)14.1%
LaunchedAug 15, 2024
Paysmonthly
Typical gap between ex-dates28 days
Typical wait from ex-date to payment1 day
Last paid, per share$0.2954 ex Sep 1, 2026
Sum of the last 12 distributions$3.5685

Every figure is an ETFIQ calculation from exchange prices and cash distributions (Tiingo end-of-day), total return with distributions reinvested. Return of capital is the issuer’s estimate. How these figures are computed

Questions people ask

How much has TSPY paid over the last year?
Over the year to Sep 11, 2026, TSPY paid 14.2% of its starting price in cash distributions, while the price rose 0.6%.
Is TSPY ahead of SPY?
Over the year to Sep 11, 2026, with every distribution reinvested, TSPY returned +15.9% against +17.5% for S&P 500 (SPY), so a holder was behind it by 1.6 points.
How often does TSPY pay, and how much?
TSPY pays monthly. The latest distribution annualizes to 14.0% at its price on Sep 11, 2026, which is not a promise; the next one can differ.
When does TSPY next pay a distribution?
TSPY pays monthly. The last distribution went ex on Sep 1, 2026 at $0.2954 a share. The next is not declared; on a cadence of about 28 days the ex-date falls near Sep 29, 2026, which is an ETFIQ projection. Payment usually follows the ex-date by 1 day.
What does TSPY cost?
The prospectus expense ratio is 0.77% a year.

The words on this page

Total return
What a holder actually ended up with: price change plus every distribution, reinvested. The only figure that answers whether you came out ahead.
Cash paid
Distributions over the window as a share of what the fund cost at the start. A measure of cash delivered, not of return: a fund can pay a great deal and still lose money.
Ahead or behind
The fund’s total return minus the benchmark’s over exactly the same days, in percentage points. Both sides reinvest.
Return of capital
The issuer’s own estimate, in a Rule 19a-1 notice, of how much of a distribution was your own money returned. An estimate and a tax characterization, not a measure of erosion.
Covered call
Selling call options on shares the fund holds. It collects a premium and gives up the gains above the strike, which is why these funds pay well and lag a rising market.

Every term used here, defined in full on the income ETFs vocabulary page.

Where these figures came from

ETFIQ links to the documents behind every figure. It is not affiliated with any issuer, and a link is not an endorsement.

Funds near this one

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TSPY payout bar, ETFIQ

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Where TSPY is written about

TSPY, Income ETFs, ETFIQ, data as of Sep 11, 2026. Every figure is arithmetic on a named public source; the method is at etfiq.com/methodology. ETFIQ is an independent publisher, is not a fund issuer, broker-dealer or investment adviser, and makes no recommendations.
Use this data, or open the live card

Open TSPY live on ETFIQ, where the figures refresh with the data.

Cite this page. ETFIQ, TSPY, income ETFs, data as of Sep 11, 2026. https://etfiq.com/funds/tspy Free to use with attribution; the underlying files are at Open data.

How these figures are computed · Standards and sources