TSPY vs WGMI
TappAlpha S&P 500 Growth & Daily Income ETF vs CoinShares Bitcoin Mining and Digital Power ETF
Which is better, TSPY or WGMI?
Each has led over a different period.
TSPY has a lower expense ratio. TSPY led over 1Y, WGMI over 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 | WGMI |
|---|---|---|
| Expense Ratio | 0.71%Best | 0.75% |
| AUM | $366M | $194M |
| Dividend Yield | 15.20% | 0.00% |
| Holdings | 3 | 57 |
| YTD Return | +10.14%Best | -19.60% |
| 1Y Return | +14.60%Best | -47.00% |
| 3Y Return (annualized) | - | +55.28% |
| Volatility (annualized) | 12.2%Best | 81.5% |
| Max Drawdown | -18.0%Best | -62.8% |
| $10,000 over 2.2 years | $13,991 | $19,695Best |
| Fund Family | TappAlpha | Valkyrie Funds |
| Category | Alternative | Alternative |
| Style | Multi Alternative | Multi Alternative |
| Inception | Aug 14, 2024 | Feb 7, 2022 |
Not shown on this pair: 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).
TSPY vs WGMI 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 WGMI Performance
TappAlpha S&P 500 Growth & Daily Income ETF (TSPY) is an ETF from TappAlpha and CoinShares Bitcoin Mining and Digital Power ETF (WGMI) is an ETF from Valkyrie Funds. Over the past year TSPY returned +14.60% while WGMI returned -47.00%. Year to date, TSPY is up 10.14% versus a loss of 19.60% for WGMI.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
WGMI has been the more volatile fund, with annualized monthly volatility of 81.5% 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 -18.0% for TSPY and -62.8% for WGMI. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.76. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
TSPY charges 0.71% per year while WGMI charges 0.75%. On a $10,000 position that is $71 vs $75 annually, a gap of $4 per year that compounds over a long holding period. On income, TSPY currently yields 15.20% against 0.00% for WGMI.
Holdings Overlap
We hold position weights for 2 holdings in TSPY and 28 in WGMI, totalling 99.8% and 99.9% of the two funds. The two books name no position in common, so there is no overlap percentage to show.
0 positions in common, counted across the 2 positions we hold weights for in TSPY and 28 in WGMI, against full books of 3 and 57.
You are not choosing between two funds in isolation.
Whichever of TSPY and WGMI 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 WGMI?
TSPY has an expense ratio of 0.71% while WGMI charges 0.75%. TSPY is the cheaper option, by $4 a year on a $10,000 investment.
Which performed better, TSPY or WGMI?
Over the past year TSPY returned +14.60% vs -47.00% for WGMI, so TSPY leads on 1-year performance. Over the longest common window we track (2 years), TSPY annualized +16.49% vs +36.08% for WGMI. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, TSPY or WGMI?
WGMI has been the more volatile fund at 81.5% annualized versus 12.2% for TSPY. Worst drawdown: TSPY -18.0% vs WGMI -62.8%.
Should I hold both TSPY and WGMI?
TSPY and WGMI have a monthly-return correlation of 0.76, 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 WGMI?
TSPY yields 15.20% while WGMI yields 0.00%, so TSPY currently pays the higher dividend yield.
Is WGMI better than TSPY?
TSPY has a lower expense ratio. TSPY led over 1Y, WGMI over the full window. Which one suits a particular account depends on what it is for. This is information, not a recommendation.