TSPY vs USOY: Performance, Holdings, Fees & Risk
TSPY and USOY are ETFs, but they can differ materially in exposure, yield, fees and risk. TSPY is TappAlpha SPY Growth & Daily Income ETF, while USOY is Oil Enhanced Options Income ETF. USOY is broader by holdings count, with 15 positions versus 4 for TSPY. TSPY has the lower expense ratio. Current AlgovestIQ evidence has USOY ahead on AIQ Score, 55 versus 48.
What is the main difference between TSPY and USOY?
USOY holds 15 positions to TSPY's 4, and 0% of their weight is in the same securities.
| Metric | TSPY | USOY |
|---|---|---|
| Fund | ||
| Expense ratio | 0.71% | 1.12% |
| Holdings | 4 | 15 |
| Distribution yieldTrailing 12 months | 14.08% | 48.72% |
| Average volume | 245,465 | 416,950 |
| Performance | ||
| 1Y return | +1.4% | +8.2% |
| YTD return | -0.7% | +18.1% |
| Risk | ||
| Annualized volatility | 12.9% | 37.2% |
| Max drawdown (1Y) | -12.9% | -31.6% |
| Beta | 0.93 | -0.99 |
| Sharpe ratio | -0.18 | 0.31 |
| Sortino ratio | -0.26 | 0.42 |
| AlgovestIQ | ||
| AIQ Score | 48/100 | 55/100 |
| AIQ Edge Score | 3/10 | 5/10 |
| Momentum | 48/100 | 75/100 |
| Risk Resilience | 86/100 | 32/100 |
AlgovestIQ AIQ Comparison
TappAlpha SPY Growth & Daily Income ETF vs Oil Enhanced Options Income ETF
USOY leads
USOY leads by 7 AIQ points, primarily on Momentum and Quality, having only recently taken the lead back from TSPY.
Fragile: 2 of 3 evidence groups support USOY, the lead recently changed hands, and its current signal state is conflicted.
TappAlpha SPY Growth & Daily Income ETF
Oil Enhanced Options Income ETF
The Algovestiq AIQ Score currently favors USOY over TSPY, 55 versus 48 as of Oct 21, 2026. USOY's advantage is driven primarily by stronger momentum and quality, while TSPY holds the stronger risk resilience profile. USOY also shows the stronger technical structure relative to its 50-day moving average. 2 of 3 covered evidence groups favor USOY today, and the comparison is rated Fragile on stability: the lead has already changed hands inside the comparison window. USOY lead: Reversed — TSPY led by 11 AIQ points 30 sessions ago; USOY now leads by 7.
Compare TappAlpha SPY Growth & Daily Income ETF and Oil Enhanced Options Income ETF across performance, expense ratio, dividend yield, drawdown, volatility and the Algovestiq AIQ Score.
TSPY vs USOY: which fits what
Each row is settled by a single measure. Where the gap is too small to matter it reads Similar, and no row decides the comparison as a whole.
| If you want | TSPY | USOY | Fits |
|---|---|---|---|
| Lower costExpense ratio | 0.71% | 1.12% | TSPY |
| Broader diversificationNumber of holdings | 4 | 15 | USOY |
| Higher incomeTrailing 12-month distribution yield | 14.08% | 48.72% | USOY |
| Smaller drawdownsMax drawdown, 1 year | -12.9% | -31.6% | TSPY |
| Lower volatilityAnnualized volatility, 1 year | 12.9% | 37.2% | TSPY |
Similar means the gap is within 0.01 percentage points of expense ratio, 25% more holdings, 3 points of top-10 weight, 0.2 points of yield, 2 points of drawdown or 1 point of volatility. Past drawdowns and volatility describe the funds’ history, not their future.
Performance over time
Total return with distributions reinvested, from daily closes for both ETFs.
Total return comparison
Growth of $10,000, distributions reinvested
Split-adjusted closes; each distribution is reinvested at the close on its ex-dividend date. Taxes and trading costs are not modeled.
Compare TSPY and USOY against another ticker
Open a multi-ticker workspace without changing this focused pair page.
AIQ Factor Divergence
Where the two separate, on the four dimensions behind the AIQ Score. Bars read outward from a shared zero: further from the centre is a wider gap.
- Risk Resilience86 vs 32TSPY +54
- Momentum48 vs 75USOY +27
- Quality40 vs 49USOY +9
2 of 3 evidence groups favor USOY. USOY’s edge is concentrated in momentum and quality; TSPY keeps a meaningful risk resilience edge.
What changed since the last close
Latest scored session 2026-10-20, compared against the prior scored session 2026-10-19.
Largest factor move: Momentum +3, not enough on its own to move the overall score.
No signal started or stopped since the prior session; its 3 active signals are unchanged.
Largest factor move: Momentum -3
No signal started or stopped since the prior session; its 2 active signals are unchanged.
USOY's lead narrowed by 1 AIQ point in the latest session.
Deeper signal detail for each name lives on its own signals page — TSPY and USOY both carry a full feed there.
The central trade-off
USOY (Oil Enhanced Options Income ETF): the stronger current systematic profile, led by momentum and quality.
TSPY (TappAlpha SPY Growth & Daily Income ETF): the counter-case, on risk resilience.
Fund facts, side by side
Two funds tracking overlapping universes are separated by cost and risk far more than by holdings. Those lead here.
| Measure | TSPY | USOY | Why it matters |
|---|---|---|---|
| Expense ratio | 0.71% | 1.12% | Lower is better — it compounds against you every year you hold. |
| Holdings | 4 | 15 | More holdings means broader diversification, not better returns. |
| Average volume | 245,465 | 416,950 | Liquidity — matters most if you trade size. |
| Annualized volatility | 12.9% | 37.2% | Lower is a steadier ride for the same exposure. |
| Max drawdown (1Y) | -12.9% | -31.6% | The worst peak-to-trough loss over the past year. |
| Sharpe ratio | -0.18 | 0.31 | Return per unit of risk. Higher is better. |
| Beta | 0.93 | -0.99 | Sensitivity to the broad market. Neither direction is better — it depends on the role in your portfolio. |
How much of the same holdings they own
TSPY and USOY share 0% of their weighted exposure across 1 common holdings.
1 holding is unique to TSPY, and 5 holdings are unique to USOY. Owning both is genuinely additive — most of the capital sits in different securities.
Largest shared positions
| Holding | TSPY | USOY | Shared |
|---|---|---|---|
| First American Government Obligations Fund 12/01/2031 | 0% | 1.22% | 0% |
Shared weight is the lower of the two positions — the portion of capital both funds genuinely have in the same security.
What TSPY adds that USOY doesn’t
| Holding | TSPY | USOY |
|---|---|---|
| VOOVanguard S&P 500 ETF | 99.88% | Not held |
What USOY adds that TSPY doesn’t
| Holding | USOY | TSPY |
|---|---|---|
| United States Treasury Bill 07/08/2027 | 32.04% | Not held |
| United States Treasury Bill 02/18/2027 | 20.08% | Not held |
| United States Treasury Note/Bond 2.375% 05/15/2027 | 15.42% | Not held |
| United States Treasury Bill 12/10/2026 | 8.81% | Not held |
| United States Treasury Bill 10/15/2026 | 6.75% | Not held |
| First American Government Obligations Fund 12/01/2031 | 1.22% | Not held |
Each list is a fund’s largest positions by weight that the other fund does not hold, or holds at less than half the weight.
AIQ Agreement Matrix
2 of 3 covered evidence groups favor USOY. A wide gap backed by one group is a weaker case than a narrow gap backed by five.
| Evidence group | Favors | Reading |
|---|---|---|
| AIQ Score | USOY | 48 vs 55 |
| Fundamentals | Not covered | Not covered |
| Valuation | Not covered | Not covered |
| Technicals | USOY | Price vs 50-day 0% vs 3.9%; vs 200-day 0.6% vs 1.1% |
| Risk Resilience | TSPY | Risk Resilience 86 vs 32 |
| Analyst expectations | Not covered | Not covered |
✓ agrees with the overall verdict · ✕ points the other way. Groups marked “not covered” lack data on one or both of TSPY and USOY and are excluded from the count.
AIQ Decision Stability
The conclusion is sensitive to small changes. Treat the lead as provisional and watch the flip conditions below.
- The AIQ gap is moderate at 7 points.
- The lead has already changed hands inside the comparison window. (argues the conclusion is provisional)
- The lead has swung materially session to session. (argues the conclusion is provisional)
- The leader is throwing conflicting signals. (argues the conclusion is provisional)
Stability combines the score gap, how broadly the evidence agrees, how steady the lead has been across daily snapshots, the current signal state on both names, and analyst dispersion on USOY.
How the comparison changed
45 daily snapshots · Sep 6 – Oct 20USOY lead: Reversed — TSPY led by 11 AIQ points 30 sessions ago; USOY now leads by 7.
- Today
- USOY +7
- 48 vs 55
- 7 sessions ago
- USOY +2
- 47 vs 49
- 30 sessions ago
- TSPY +11
- 49 vs 38
- 90 sessions ago
- Not covered
The lead changed hands 3 times in this window, most recently on Oct 15 when USOY moved ahead of TSPY.
AIQ Signal Divergence
Only the signals that bear on the head-to-head. A conflicted name is carrying bullish and bearish rules at the same time — the technical evidence is not pointing one way.
1 bullish / 1 bearish / 1 neutral, conflicted
Only TSPY
- Golden Cross Active — bullish, trend, long horizon (1.25%)
- ATR Contraction - Coiling — neutral, volatility, short horizon (0.94%)
- MACD Bearish Crossover — bearish, momentum, short horizon
1 bullish / 1 bearish, conflicted
Only USOY
- Death Cross Active — bearish, trend, long horizon (2.92%)
- MACD Bullish Crossover — bullish, momentum, short horizon
USOY leads the comparison while carrying a conflicted signal state, which is one reason the stability rating is not higher.
Price vs model alignment
Whether the latest session's price move confirms what the model did over the same session, or contradicts it.
Neither the price nor the AIQ Score moved enough in the latest session to confirm or contradict the other (price +0.63%, AIQ 0 points).
Price and the AIQ Score both moved down over the latest session (price -0.2%, AIQ -1 points).
What would flip this result
A state, not a forecast. These are the specific, observable changes that would reverse the verdict — not a price prediction.
- 1TSPY closes the Momentum gap — currently 27 points behind, the largest single contributor to USOY's edge.
- 2TSPY's MACD Bearish Crossover resolves — a bearish momentum rule currently active against it.
- 3USOY's conflicting signal state resolves bearish — it currently carries 1 bullish and 1 bearish rules at once.
- 4A regime shift changes factor weighting — Quality and Value carry the heaviest weights in the composite, so a rotation toward either would move the result most.
The full evidence
Every number behind the verdict. The leader is called above each group so you are not left to solve it from the table.
Performance
USOY leads 5 of 6 windows| Metric | TSPY | USOY |
|---|---|---|
| 1 week (5 sessions) | -1.1% | 2.2% |
| 1 month (20 sessions) | -1.5% | 5.2% |
| 3 months (63 sessions) | -0.3% | 1.7% |
| 6 months (126 sessions) | 2.2% | -9.5% |
| Year to date | -0.7% | 18.1% |
| 1 year (252 sessions) | 1.4% | 8.2% |
Technicals
USOY has the stronger structure| Metric | TSPY | USOY |
|---|---|---|
| RSI (14) | 49.1 | 66.3 |
| ADX (14) | 13.6 | 11.1 |
| Price vs 50-day | 0% | 3.9% |
| Price vs 200-day | 0.6% | 1.1% |
| Volatility (1M, annualized) | 9.3% | 26.5% |
Risk
TSPY is the more resilient| Metric | TSPY | USOY |
|---|---|---|
| Beta | 0.93 | -0.99 |
| Sharpe ratio | -0.18 | 0.31 |
| Sortino ratio | -0.26 | 0.42 |
| Max drawdown | -12.9% | -31.6% |
| Current drawdown | -3.6% | -18.2% |
| Annualized volatility | 12.9% | 37.2% |
| Value at risk (95%) | -1.4% | -3.9% |
Straight answers
Short answers to the questions fund investors ask about this pair, from the figures above.
What is the difference between TSPY and USOY?
USOY holds 15 positions to TSPY's 4, and 0% of their weight is in the same securities.
How much do TSPY and USOY overlap?
TSPY and USOY share 0% of their weighted exposure across 1 common holdings. 1 holding is unique to TSPY, and 5 holdings are unique to USOY. Owning both is genuinely additive — most of the capital sits in different securities.
Which ETF is more diversified, TSPY or USOY?
USOY holds more positions: 15 versus 4 for TSPY.
Which has the lower expense ratio?
TSPY has the lower expense ratio, 0.71% a year against 1.12% for USOY.
Which ETF has the higher distribution yield?
USOY, with a trailing 12-month distribution yield of 48.72% against 14.08% for TSPY.
Which ETF has been more volatile?
USOY has been more volatile over the past year, at 37.2% annualized against 12.9% for TSPY.
Which ETF has had the smaller drawdown?
TSPY fell less from peak to trough over the past year: -12.9% against -31.6% for USOY.
Compare TSPY and USOY with others
Continue your research
This page answers which of the two. These answer the questions on either side of it.
How this comparison is scored
The Algovestiq AIQ Score composites four factors — Quality, Value, Momentum and Risk, each carrying a fixed weight. Sentiment is reported separately as SentimentPulse and is not folded into the composite. Scores refresh every trading day, and this page regenerates from the latest snapshot rather than being written once.
The verdict names a leader, states how broadly six independent evidence groups agree, and rates how durable that conclusion is given the score gap, its recent trajectory and the current signal state on both names.
How to use side-by-side comparison →This comparison is informational and educational, not investment advice. AIQ scores update daily; re-check after earnings, guidance or macro data that materially changes either name’s factor profile.