GIAX vs TSPY
Nicholas Global Equity and Income ETF vs TappAlpha S&P 500 Growth & Daily Income ETF
Which is better, GIAX or TSPY?
TSPY has been ahead.
TSPY has a lower expense ratio. TSPY led over 1Y and the full window.
MarketXLS is not an investment adviser. This comparison is generated automatically from market data and is for information only. A Best mark means the better reading on that one measure, not a recommendation to buy.
Side-by-Side Comparison
| Metric | GIAX | TSPY |
|---|---|---|
| Expense Ratio | 1.03% | 0.71%Best |
| AUM | $115M | $366M |
| Dividend Yield | 24.34% | 15.20% |
| Holdings | 87 | 3 |
| YTD Return | +12.20%Best | +10.14% |
| 1Y Return | +12.86% | +14.60%Best |
| Volatility (annualized) | 21.1% | 12.2%Best |
| Max Drawdown | -20.4% | -18.0%Best |
| $10,000 over 2.2 years | $13,105 | $13,991Best |
| Fund Family | XFunds | TappAlpha |
| Category | Alternative | Alternative |
| Style | Multi Alternative | Multi Alternative |
| Inception | Jul 29, 2024 | Aug 14, 2024 |
Not shown on this pair: 3Y Return (annualized), 5Y Return (annualized), Top 10 Weight.
Volatility and max drawdown, and the $10,000 over 2.2 years row, are measured over the window both funds cover: Aug 15, 2024 to Oct 14, 2026 (2.2 years).
GIAX vs TSPY growth
Month-end closes. Both lines start at 0% in the first month shown, so the gap between them is the difference in growth across that window. The full view covers the 2.2 years both funds cover.
GIAX vs TSPY Performance
Nicholas Global Equity and Income ETF (GIAX) is an ETF from XFunds and TappAlpha S&P 500 Growth & Daily Income ETF (TSPY) is an ETF from TappAlpha. Over the past year GIAX returned +12.86% while TSPY returned +14.60%. Year to date, GIAX is up 12.20% versus a gain of 10.14% for TSPY.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
GIAX has been the more volatile fund, with annualized monthly volatility of 21.1% compared with 12.2% for TSPY. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -20.4% for GIAX and -18.0% for TSPY. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.78. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
GIAX charges 1.03% per year while TSPY charges 0.71%. On a $10,000 position that is $103 vs $71 annually, a gap of $32 per year that compounds over a long holding period. On income, GIAX currently yields 24.34% against 15.20% for TSPY.
Holdings Overlap
At least 6.9% of GIAX's money is in holdings TSPY also owns.
Stated as a floor: for TSPY, our book for it covers 99.8% of that fund, so a holding it does not list is one we cannot count as shared. The real figure is this or higher.
GIAX and TSPY share little of their money.
2 positions in common, counted across the 27 positions we hold weights for in GIAX and 2 in TSPY, against full books of 87 and 3.
You are not choosing between two funds in isolation.
Whichever of GIAX and TSPY you pick has to sit alongside everything else you own. Add the rest and see what the combination actually holds.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, GIAX or TSPY?
GIAX has an expense ratio of 1.03% while TSPY charges 0.71%. TSPY is the cheaper option, by $32 a year on a $10,000 investment.
Which performed better, GIAX or TSPY?
Over the past year GIAX returned +12.86% vs +14.60% for TSPY, so TSPY leads on 1-year performance. Over the longest common window we track (2 years), GIAX annualized +13.08% vs +16.49% for TSPY. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, GIAX or TSPY?
GIAX has been the more volatile fund at 21.1% annualized versus 12.2% for TSPY. Worst drawdown: GIAX -20.4% vs TSPY -18.0%.
Should I hold both GIAX and TSPY?
GIAX and TSPY have a monthly-return correlation of 0.78, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
What is the holdings overlap between GIAX and TSPY?
At least 6.9% of GIAX's money is in holdings TSPY also owns. Our book for TSPY is partial, so the real figure is this or higher. They hold 2 positions in common, counted across the 27 positions we hold weights for in GIAX and 2 in TSPY.
Which pays a higher dividend, GIAX or TSPY?
GIAX yields 24.34% while TSPY yields 15.20%, so GIAX currently pays the higher dividend yield.
Is TSPY better than GIAX?
TSPY has a lower expense ratio. TSPY led over 1Y and the full window. Which one suits a particular account depends on what it is for. This is information, not a recommendation.