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ALL
AUM
$321310800
P/E ratio
24.1
Dividend yield
14.9961%
Expense ratio
0.71%
Beta
0.980616
Previous close
$25.28
Today's open
$25.32
Day's range
$25.19 - $25.32
52 week range
$22.67 - $26.67
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Headquarters
US
Exchange
NASDAQ Global Market
Issue type
Exchange-Traded Fund
Equities
Multi Alternative
99.92%
0%
One Year, $330 Million: TappAlpha's TDAQ Triples a Threshold Nearly 90% of Active ETFs Never Reach
SEATTLE, Sept. 15, 2026 (GLOBE NEWSWIRE) -- TappAlpha today announced that the TappAlpha Innovation 100 Growth & Daily Income ETF (Cboe: TDAQ) completed its first year of trading with $330 million in assets under management.
GlobeNewsWire • Sep 15, 2026

5 S&P 500 Index Call Writing ETFs But Not All Created Equal
Call-writing S&P 500 ETFs can all differ in overwrite aggressiveness, option tenor, and upside participation, impacting performance in various market regimes. In flat or slightly downward markets, funds with a larger notional value overwrite can tend to outperform due to elevated premium collection. On the other hand, the lower overwrite percentages and laddered call strategies better capture upside in rising or volatile markets, making them stronger performers.
Seeking Alpha • Sep 14, 2026

TSPY: 13.8% Yield For A Slower S&P 500 Rally
TappAlpha S&P 500 Growth & Daily Income ETF is rated BUY, targeting a 7–10% total return over the next 6–12 months. TSPY's 13.81% trailing yield is attractive, but total return expectations are lower due to call option overlays limiting upside in fast rallies. The ETF outperforms in steady or moderate market advances but lags VOO during sharp S&P 500 rallies due to its daily call-selling strategy.
Seeking Alpha • Aug 19, 2026

TSPY: A Daily Volatility Management Alternative Weathering Macro Shocks
The TappAlpha S&P 500 Growth & Daily Income ETF is an option income ETF selling ODTE Index call option to generate a high 15% yield. TSPY has lower volatility and is expected to be a better alternative than the underlying S&P 500 index when facing uncertain market conditions. TSPY is rated HOLD, as the market sentiment is neutral and is expected to have limited price appreciation in the near future.
Seeking Alpha • Jul 28, 2026

TappAlpha Expands Growth + Income ETF Platform with TMGN, Bringing Tax-Efficient Income to the Cboe Magnificent 10 Index
SEATTLE, July 15, 2026 (GLOBE NEWSWIRE) -- Following its recent milestone of surpassing $500 million in assets under management, TappAlpha today announced the launch of the TappAlpha Cboe Magnificent 10 Growth & Daily Income ETF (TMGN), a new ETF designed to provide exposure to the Cboe Magnificent 10 Index (MGTN Index) while applying TappAlpha's daily options-based growth + income strategy. TMGN, listed on Cboe BZX Equities Exchange, expands TappAlpha's growing Growth + Income ETF lineup, which seeks to help investors maintain core equity exposures, while simultaneously generating tax-efficient income through a disciplined options overlay.
GlobeNewsWire • Jul 15, 2026

TSPY: Solid Covered Call ETF, But Recent Changes Could Make It Even Better
TappAlpha's S&P 500 Growth & Daily Income ETF stands out for its high yield, active 0DTE covered call strategy, and recent cost-saving changes. TSPY switched its underlying holding from SPY to VOO, reducing its total expense ratio from 0.77% to 0.71%, enhancing long-term return potential. Distributions have averaged $0.30 monthly, with 100% return of capital in 2026, making TSPY highly tax-efficient for taxable accounts.
Seeking Alpha • Jun 15, 2026

TappAlpha Adds S&P 500® Naming to TSPY and Reduces Costs Through VOO Transition
SEATTLE, June 02, 2026 (GLOBE NEWSWIRE) -- TappAlpha today announced two enhancements to its flagship ETF, TSPY: the addition of S&P 500® naming through a licensing agreement with S&P Dow Jones Indices, and a reduction in underlying fund costs through a transition to the Vanguard S&P 500 ETF. The fund will be renamed the TappAlpha S&P 500 Growth and Daily Income ETF, while maintaining its ticker (TSPY), investment strategy, and options-based income strategy.
GlobeNewsWire • Jun 2, 2026

Growth + Income Emerges as a Category: TappAlpha Crosses $500M AUM, Doubling in Four Months
SEATTLE, May 12, 2026 (GLOBE NEWSWIRE) -- TappAlpha, an ETF platform helping define the Growth + Income investing category, today announced it has surpassed $500 million in assets under management (as of 5/8/26), doubling AUM in just four months and reflecting what the firm has heard consistently from the advisors and investors who have trusted TappAlpha with their allocations. For decades, generating income from a portfolio meant stepping out of equities, either by selling shares to fund cash needs, or rotating into bonds, dividend stocks, or alternatives to reach for yield.
GlobeNewsWire • May 12, 2026

TSPY Enters My Top 3 Buy Write ETFs
In my opinion, TappAlpha S&P 500 Growth & Daily Income ETF has a dynamic, high-distribution buy-write strategy and tax-efficient structure. TSPY generates a 14.56% annualized distribution rate, primarily from option premiums and capital gains, with ROC averaging above 50% monthly. The ETF outperforms mechanical peers in volatile or sideways markets but underperforms SPY during strong rallies due to upside caps from daily call writing.
Seeking Alpha • May 5, 2026

TSPY Vs. QDTE: Weighing 2 Ultra-High‑Yield Daily Options Income ETFs
Income-oriented ETFs based on zero-day (0DTE) options selling have gained traction recently. These funds such as TappAlpha SPY Growth & Daily Income ETF and Roundhill Innov-100 0DTE Covered Call Strat ETF offer different risk profiles than their longer‑term, options‑based counterparts. ETFs leveraging 0DTE options aim to deliver elevated income, representing a fast-growing segment within the options-based ETF landscape.
Seeking Alpha • Apr 27, 2026

¹ Disclosures

Open an M1 investment account to buy and sell TappAlpha S&P 500 Growth & Daily Income ETF commission-free¹. Build wealth for the long term using automated trading and transfers.