Data as of Sep 13, 2026. Both funds on the fields they both publish, from the same sources.
ISPY vs SPY: how they differ
Over the year SPY returned more, +17.5% against +14.4%, and SPY charges 0.09% against 0.56%.
ProShares S&P 500 High Income ETF and SPDR S&P 500 ETF Trust.
What they hold in common
By the books each fund has filed, ISPY and SPY hold 84% of their money in the same securities at the same weight.
| Holding | ISPY | SPY |
|---|---|---|
| NVIDIA Corp. | 7.07% | 8.08% |
| Apple, Inc. | 6.31% | 7.33% |
| Microsoft Corp. | 4.60% | 5.59% |
| Amazon.com, Inc. | 3.64% | 3.77% |
| Alphabet, Inc. | 3.05% | 2.98% |
| Broadcom, Inc. | 2.92% | 2.61% |
| Alphabet, Inc. | 2.42% | 2.39% |
| Meta Platforms, Inc. | 1.91% | 2.16% |
| Tesla, Inc. | 1.69% | 1.56% |
| Micron Technology, Inc. | 1.50% | 1.69% |
| Eli Lilly & Co. | 1.21% | 1.36% |
| Berkshire Hathaway, Inc. | 1.20% | 1.42% |
| Only in ISPY | Only in SPY |
|---|---|
| ProShares GENIUS Money Market ETF 10.56% | EXXONMOBIL HOLDINGS CORP 1.05% |
| Exxon Mobil Corp. 0.84% | LINDE PLC 0.33% |
| Linde plc 0.32% | MARVELL TECHNOLOGY INC 0.30% |
| Seagate Technology Holdings plc 0.26% | SEAGATE TECHNOLOGY HOLDINGS 0.29% |
| Eaton Corp. plc 0.21% | EATON CORP PLC 0.24% |
| Honeywell International, Inc. 0.21% | CHUBB LTD 0.19% |
| Accenture plc 0.16% | US DOLLAR 0.18% |
| Chubb Ltd. 0.16% | MEDTRONIC PLC 0.18% |
Weight overlap is an ETFIQ calculation: for every security both funds hold, the smaller of the two weights, summed. Above 50%, holding both is close to holding one of them twice. Holdings dated May 31, 2026 and Sep 10, 2026.
| ISPY ProShares S&P 500 High Income ETF | SPY SPDR S&P 500 ETF Trust | |
|---|---|---|
| Where it sits | Income ETF | Core index fund |
| Issuer | ProShares | State Street |
| What it is | covered call, vs SPY | S&P 500 |
| Total return, 1 year | +14.4% | +17.5% |
| S&P 500 over the same days | +17.5% | +17.5% |
| Gap to the S&P 500 | −3.1 pts | 0.0 pts |
| Cash paid, 1 year | 5.7% | not an income fund |
| Expense ratio | 0.56% | 0.09% |
| Holdings | not filed | 505 |
ISPY in plain words
Over the year to Sep 11, 2026, ISPY paid 5.7% of its starting value in cash distributions while its price rose 8.4%. With every distribution reinvested, the fund returned +14.4%. S&P 500 (SPY) returned +17.5% over the same days, so a holder was behind by 3.1 pts. At its price on Sep 11, 2026 the latest distribution annualizes to 5.8%, paid monthly.
SPY in plain words
SPY is an index equity fund tracking the S&P 500. Over the year to Sep 11, 2026 it returned +17.5% with distributions reinvested, against +17.5% for the S&P 500 and +23.0% for the Nasdaq-100. The prospectus expense ratio is 0.09% a year. By its holdings filed for Sep 10, 2026, 100% of the fund by weight is stocks the S&P 500 also holds, across 505 positions, with the top ten at 38.2%.
Questions people ask
- Which returned more over the last year, ISPY or SPY?
- In the year to Sep 13, 2026, with distributions reinvested, ISPY returned +14.4% and SPY returned +17.5%, so SPY returned more. One year is one year; the longer windows are in the table.
- Which is cheaper, ISPY or SPY?
- ISPY charges 0.56% a year and SPY charges 0.09%, so SPY is cheaper. Fees come from each fund's prospectus.
- Are ISPY and SPY the same kind of fund?
- No. ISPY is an option-income ETF and SPY is an index ETF, so they are built for different jobs. The table compares what both publish: return, cost and what each actually holds.
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Where these figures came from
ETFIQ links to the documents behind every figure. It is not affiliated with any issuer, and a link is not an endorsement.
Cite this page. ETFIQ, ISPY against SPY, data as of Sep 13, 2026. https://etfiq.com/compare/any/ispy-vs-spy Free to use with attribution; the underlying files are at Open data.
A comparison is not a recommendation. Standards and sources