XYLD vs TSPY: Income Fund Comparison
GlobalX S&P 500 Covered Call ETF (XYLD) and TappAlpha SPY Growth & Daily Income ETF - US (TSPY) 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: XYLD individual review · TSPY individual review
XYLD: MER is 0.6%. TSPY: Total expense ratio is 0.71% - 0.68% management fee plus 0.03% AFFE from VOO holdings. XYLD fund started June 21st 2013 and is one of the original covered call index funds. TSPY inception date was August 14 2024 - just over 2 years old - rounds up to 3 years. Full Dependability and Return scores for both funds are available in the app.
| XYLD | TSPY | |
|---|---|---|
| Fund Name | GlobalX S&P 500 Covered Call ETF | TappAlpha SPY Growth & Daily Income ETF - US |
| Fund Type | Index Based Fund | Index Based Fund |
| Exchange | NYSE/NASDAQ | NYSE/NASDAQ |
| Last Reviewed | Dec 24, 2025 | Sep 8, 2026 |
| Author | Adam Hyde, Income Investing Analyst | |
🔒 Full scores available — with Premium subscription
Compare Performance — Free →Fund Attributes: XYLD vs TSPY 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.
MER is 0.6%.
Total expense ratio is 0.71% - 0.68% management fee plus 0.03% AFFE from VOO holdings.
Mirae Asset Global Investments - a South Korean financial services company - manages over US$200 billion in assets worldwide.
TappAlpha is a small fund company with about $648M in total assets under management across its ETF lineup.
Fund started June 21st 2013 and is one of the original covered call index funds.
Inception date was August 14 2024 - just over 2 years old - rounds up to 3 years.
3.1 billion in this fund.
Net assets are about $326 million.
Risk: XYLD vs TSPY 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 0.41 which is lower than the S&P 500 itself.
Beta is 0.91 vs SPY (2024-08-23 to 2026-09-06) and standalone volatility (annualized weekly total returns) is about 14.4% - both point to a low-to-moderate volatility rating.
See the full Risk analysis for both XYLD and TSPY — volatility ratings, diversification scores, and analyst notes.
View Plans →Return: XYLD vs TSPY 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.
See the full Return analysis for both XYLD and TSPY — 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 XYLD and TSPY are available in the Dependable Income Investing app.
See our full scoring methodology →
Frequently Asked Questions: XYLD vs TSPY
Which has a lower expense ratio, XYLD or TSPY?
XYLD: MER is 0.6%.
TSPY: Total expense ratio is 0.71% - 0.68% management fee plus 0.03% AFFE from VOO holdings.
Which fund has more assets under management, XYLD or TSPY?
XYLD: 3.1 billion in this fund.
TSPY: Net assets are about $326 million.
Which fund has been trading longer, XYLD or TSPY?
XYLD: Fund started June 21st 2013 and is one of the original covered call index funds.
TSPY: Inception date was August 14 2024 - just over 2 years old - rounds up to 3 years.
Who manages XYLD vs TSPY?
XYLD: Mirae Asset Global Investments - a South Korean financial services company - manages over US$200 billion in assets worldwide.
TSPY: TappAlpha is a small fund company with about $648M in total assets under management across its ETF lineup.
Where can I see the full XYLD vs TSPY 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 XYLD and TSPY?
GlobalX S&P 500 Covered Call ETF is a Index Based Fund. MER is 0.6%. TappAlpha SPY Growth & Daily Income ETF - US is a Index Based Fund. Total expense ratio is 0.71% - 0.68% management fee plus 0.03% AFFE from VOO holdings. Full comparison including Dependability Score is available in the Dependable Income Investing app.
Which is better for income investors, XYLD or TSPY?
XYLD: MER is 0.6%. Fund started June 21st 2013 and is one of the original covered call index funds. TSPY: Total expense ratio is 0.71% - 0.68% management fee plus 0.03% AFFE from VOO holdings. Inception date was August 14 2024 - just over 2 years old - rounds up to 3 years. Which scores higher on Dependability and Return is available in the Dependable Income Investing app.
Do XYLD and TSPY pay monthly distributions?
XYLD: Pays monthly. TSPY: Pays monthly. Full yield and distribution stability scores for both funds are available in the Dependable Income Investing app.
See the Full XYLD vs TSPY 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.
Open Free Comparison Tool →Free. No credit card required.