TSPY vs UMAY
TappAlpha S&P 500 Growth & Daily Income ETF vs Innovator U.S. Equity Ultra Buffer ETF - May
Which is better, TSPY or UMAY?
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 | TSPY | UMAY |
|---|---|---|
| Expense Ratio | 0.71%Best | 0.79% |
| AUM | $366M | $137M |
| Dividend Yield | 15.20% | 0.00% |
| Holdings | 3 | 24 |
| YTD Return | +10.14%Best | +6.64% |
| 1Y Return | +14.60%Best | +8.83% |
| 3Y Return (annualized) | - | +11.71% |
| 5Y Return (annualized) | - | +6.64% |
| Volatility (annualized) | 12.2% | 3.2%Best |
| Max Drawdown | -18.0% | -10.5%Best |
| $10,000 over 2.2 years | $13,991Best | $12,112 |
| Fund Family | TappAlpha | Innovator ETFs Trust |
| Category | Alternative | Alternative |
| Style | Multi Alternative | Multi Alternative |
| Inception | Aug 14, 2024 | Apr 30, 2020 |
Not shown on this pair: 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).
TSPY vs UMAY 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.
TSPY vs UMAY Performance
TappAlpha S&P 500 Growth & Daily Income ETF (TSPY) is an ETF from TappAlpha and Innovator U.S. Equity Ultra Buffer ETF - May (UMAY) is an ETF from Innovator ETFs Trust. Over the past year TSPY returned +14.60% while UMAY returned +8.83%. Year to date, TSPY is up 10.14% versus a gain of 6.64% for UMAY.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
TSPY has been the more volatile fund, with annualized monthly volatility of 12.2% compared with 3.2% for UMAY. 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 -18.0% for TSPY and -10.5% for UMAY. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.85. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
TSPY charges 0.71% per year while UMAY charges 0.79%. On a $10,000 position that is $71 vs $79 annually, a gap of $8 per year that compounds over a long holding period. On income, TSPY currently yields 15.20% against 0.00% for UMAY.
Holdings Overlap
We hold position weights for 2 holdings in TSPY and 1 in UMAY, totalling 99.8% and 101.0% of the two funds. Neither is a share of a fund we can divide by, so no overlap percentage is shown here. Within what we can see, 1 positions appear in both.
1 positions in common, counted across the 2 positions we hold weights for in TSPY and 1 in UMAY, against full books of 3 and 24.
Top Shared Holdings
| Stock | Weight in TSPY | Weight in UMAY | Difference |
|---|---|---|---|
| VOOVanguard S&P 500 ETF | 99.49% | 100.95% | 1.46% |
You are not choosing between two funds in isolation.
Whichever of TSPY and UMAY 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, TSPY or UMAY?
TSPY has an expense ratio of 0.71% while UMAY charges 0.79%. TSPY is the cheaper option, by $8 a year on a $10,000 investment.
Which performed better, TSPY or UMAY?
Over the past year TSPY returned +14.60% vs +8.83% for UMAY, so TSPY leads on 1-year performance. Over the longest common window we track (2 years), TSPY annualized +16.49% vs +9.10% for UMAY. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, TSPY or UMAY?
TSPY has been the more volatile fund at 12.2% annualized versus 3.2% for UMAY. Worst drawdown: TSPY -18.0% vs UMAY -10.5%.
Should I hold both TSPY and UMAY?
TSPY and UMAY have a monthly-return correlation of 0.85, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
Which pays a higher dividend, TSPY or UMAY?
TSPY yields 15.20% while UMAY yields 0.00%, so TSPY currently pays the higher dividend yield.
Is UMAY better than TSPY?
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.