TSPY vs XYLG: Income Fund Comparison
TappAlpha SPY Growth & Daily Income ETF - US (TSPY) and Global X S&P 500 Covered Call and Growth ETF - US (XYLG) are both income-focused funds. Below is our independent side-by-side review using the Dependable Income Investing 13-factor scoring system — designed specifically for income investors seeking reliable, sustainable distributions.
Also see: TSPY individual review · XYLG individual review
TSPY: 0.77% Management Expense Ratio. XYLG: Total expense ratio is 0.35%. This is low for a covered call fund. TSPY inception date was August 15th 2024. XYLG fund inception date was Sept 18 2020 - over 5 years of history. Full Dependability and Return scores for both funds are available in the app.
| TSPY | XYLG | |
|---|---|---|
| Fund Name | TappAlpha SPY Growth & Daily Income ETF - US | Global X S&P 500 Covered Call and Growth ETF - US |
| Fund Type | Index Based Fund | Index Based Fund |
| Exchange | NYSE/NASDAQ | NYSE/NASDAQ |
| Last Reviewed | Aug 25, 2025 | Jun 30, 2026 |
| Author | Adam Hyde, Income Investing Analyst | |
🔒 Full scores available — with Premium subscription
Compare Performance — Free →Fund Attributes: TSPY vs XYLG 20% of overall score
Fund Attributes cover the foundational characteristics of each fund: cost, company backing, track record, and size. These factors reflect stability and cost-efficiency for long-term income investors.
0.77% Management Expense Ratio.
Total expense ratio is 0.35%. This is low for a covered call fund.
TappAlpha is a small Seattle based fund company that launched TSPY mid August 2024.
Managed by Global X (Mirae Asset) which has well over 40 billion under management.
Inception date was August 15th 2024.
Fund inception date was Sept 18 2020 - over 5 years of history.
About $66 million in AUM - small fund.
Net assets are 67.33 million which is below the 100 million threshold.
Risk: TSPY vs XYLG 35% of overall score
Risk factors evaluate how each fund manages volatility, diversification, and the nature of its underlying assets — critical considerations for income investors who prioritise capital preservation.
Beta is similar to SPY which it holds.
Beta is 0.78 vs SPY over the price series from Oct 2020 - below market sensitivity. Standalone volatility is about 12.92% annualized (weekly returns) which is low-to-moderate and confirms the low beta reading.
See the full Risk analysis for both TSPY and XYLG — volatility ratings, diversification scores, and analyst notes.
View Plans →Return: TSPY vs XYLG 45% of overall score
Return factors assess income generation quality: current yield, distribution consistency, price history, and payment frequency. This is the most heavily weighted category for income investors.
Pays monthly.
Pays monthly - confirmed from distribution history.
See the full Return analysis for both TSPY and XYLG — yield ratings, distribution consistency scores, and capital history.
View Plans →Our Review Methodology
Every fund reviewed on Dependable Income Investing is scored using our 13-factor Fund Report Card, organised into three weighted categories: Fund Attributes (20%), Risk (35%), and Return (45%). Each criterion is rated 1–5 by our analysts based on publicly available fund data.
We also calculate a Dependability Score — a weighted composite of six income-specific factors ranked by importance for retirement income investors: Yield Stability, Yield, Volatility, Capital History, Fund Risk, and Underlying Assets. This score answers the question income investors care about most: can I depend on this fund to pay me reliably?
Full scores, ratings, and analyst notes for both TSPY and XYLG are available in the Dependable Income Investing app.
See our full scoring methodology →
Frequently Asked Questions: TSPY vs XYLG
Which has a lower expense ratio, TSPY or XYLG?
TSPY: 0.77% Management Expense Ratio.
XYLG: Total expense ratio is 0.35%. This is low for a covered call fund.
Which fund has more assets under management, TSPY or XYLG?
TSPY: About $66 million in AUM - small fund.
XYLG: Net assets are 67.33 million which is below the 100 million threshold.
Which fund has been trading longer, TSPY or XYLG?
TSPY: Inception date was August 15th 2024.
XYLG: Fund inception date was Sept 18 2020 - over 5 years of history.
Who manages TSPY vs XYLG?
TSPY: TappAlpha is a small Seattle based fund company that launched TSPY mid August 2024.
XYLG: Managed by Global X (Mirae Asset) which has well over 40 billion under management.
Where can I see the full TSPY vs XYLG comparison with scores?
The complete side-by-side comparison — including all Risk and Return scores, analyst notes, Overall Score, and Dependability Score for both funds — is available in the Dependable Income Investing app.
What is the difference between TSPY and XYLG?
TappAlpha SPY Growth & Daily Income ETF - US is a Index Based Fund. 0.77% Management Expense Ratio. Global X S&P 500 Covered Call and Growth ETF - US is a Index Based Fund. Total expense ratio is 0.35%. This is low for a covered call fund. Full comparison including Dependability Score is available in the Dependable Income Investing app.
Which is better for income investors, TSPY or XYLG?
TSPY: 0.77% Management Expense Ratio. Inception date was August 15th 2024. XYLG: Total expense ratio is 0.35%. This is low for a covered call fund. Fund inception date was Sept 18 2020 - over 5 years of history. Which scores higher on Dependability and Return is available in the Dependable Income Investing app.
Do TSPY and XYLG pay monthly distributions?
TSPY: Pays monthly. XYLG: Pays monthly - confirmed from distribution history. Full yield and distribution stability scores for both funds are available in the Dependable Income Investing app.
See the Full TSPY vs XYLG Comparison
The Dependable Income Investing app gives you the complete picture: all 13 scoring factors for both funds, Risk and Return analyst notes, Dependability Scores, and tools to compare any income fund side by side.
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