Data as of . Every figure is the income desk's own, on published data.
ISPY vs SPYI
What they hold in common
By the books each fund has filed, ISPY and SPYI hold 86% of their money in the same securities at the same weight.
| Holding | ISPY | SPYI |
|---|---|---|
| NVIDIA Corp. | 7.07% | 7.57% |
| Apple, Inc. | 6.31% | 6.59% |
| Microsoft Corp. | 4.60% | 4.32% |
| Amazon.com, Inc. | 3.64% | 3.65% |
| Alphabet, Inc. | 3.05% | 3.28% |
| Broadcom, Inc. | 2.92% | 2.80% |
| Alphabet, Inc. | 2.42% | 2.61% |
| Meta Platforms, Inc. | 1.91% | 1.92% |
| Tesla, Inc. | 1.69% | 1.85% |
| Micron Technology, Inc. | 1.50% | 1.99% |
| Eli Lilly & Co. | 1.21% | 1.47% |
| Berkshire Hathaway, Inc. | 1.20% | 1.43% |
| Only in ISPY | Only in SPYI |
|---|---|
| ProShares GENIUS Money Market ETF 10.56% | Linde PLC 0.37% |
| Linde plc 0.32% | Seagate Technology Holdings PL 0.32% |
| Seagate Technology Holdings plc 0.26% | Eaton Corp PLC 0.26% |
| Eaton Corp. plc 0.21% | Marvell Technology Inc 0.20% |
| Honeywell International, Inc. 0.21% | Chubb Ltd 0.19% |
| Accenture plc 0.16% | Trane Technologies PLC 0.17% |
| Chubb Ltd. 0.16% | Medtronic PLC 0.16% |
| Trane Technologies plc 0.14% | Johnson Controls International 0.14% |
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 as filed for Jun 30, 2026 and May 31, 2026.
Performance, window by window
| Window | Total return | Cash paid | Against the benchmark | |||
|---|---|---|---|---|---|---|
| ISPY | SPYI | ISPY | SPYI | ISPY | SPYI | |
| 3 months | +3.6% | +5.2% | 1.5% | 3.0% | −1.1 pts | +0.5 pts |
| 6 months | +11.8% | +11.8% | 3.5% | 6.2% | −3.3 pts | −3.3 pts |
| 1 year | +16.9% | +17.5% | 5.7% | 12.2% | −3.1 pts | −2.5 pts |
| 3 years | n/a | +56.8% | n/a | 37.3% | n/a | −21.2 pts |
| Since launch | +54.6% | +77.8% | 25.8% | 49.2% | −14.8 pts | −26.2 pts |
| ISPY ProShares S&P 500 High Income ETF | SPYI NEOS S&P 500(R) High Income ETF | |
|---|---|---|
| Issuer | ProShares | NEOS |
| Strategy | covered call | covered call |
| Benchmark | S&P 500 (SPY) | S&P 500 (SPY) |
| Pays | monthly | monthly |
| Payout rate, annualised | 5.8% | 12.1% |
| Expense ratio | not published | 0.68% |
| Cash paid, 1 year | 5.7% | 12.2% |
| Price change, 1 year | +10.8% | +4.2% |
| Total return, 1 year | +16.9% | +17.5% |
| Benchmark return, 1 year | +20.0% | +20.0% |
| Ahead or behind | −3.1 pts | −2.5 pts |
| Return of capital, latest estimate | not published | 93% |
| Age | 989 days | 1466 days |
ISPY in plain words
Over the year to Sep 4, 2026, ISPY paid 5.7% of its starting value in cash distributions while its price rose 10.8%. With every distribution reinvested, the fund returned +16.9%. S&P 500 (SPY) returned +20.0% over the same days, so a holder was behind by 3.1 pts. At its price on Sep 4, 2026 the latest distribution annualises to 5.8%, paid monthly.
SPYI in plain words
Over the year to Sep 4, 2026, SPYI paid 12.2% of its starting value in cash distributions while its price rose 4.2%. With every distribution reinvested, the fund returned +17.5%. S&P 500 (SPY) returned +20.0% over the same days, so a holder was behind by 2.5 pts. At its price on Sep 4, 2026 the latest distribution annualises to 12.1%, paid monthly. NEOS estimates that 93% of the distribution paid Jun 18, 2026 was a return of capital (19a-1 notice, estimated, a tax characterisation rather than a measure of erosion).
Questions people ask
- Which paid more, ISPY or SPYI?
- Over the year to Sep 4, 2026, ISPY paid 5.7% of its starting price in cash and SPYI paid 12.2%, so SPYI paid more. Cash paid is not the same as money made: the price change matters too.
- Which returned more once distributions are counted, ISPY or SPYI?
- With every distribution reinvested, ISPY returned +16.9% and SPYI returned +17.5% over the year to Sep 4, 2026, so SPYI returned more.
Other comparisons
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 SPYI, data as of Sep 4, 2026. https://etfiq.com/compare/income/ISPY-SPYI.html Free to use with attribution; the underlying files are at Open data.