Data as of . Every figure is the income desk's own, on published data.
ISPY vs ULTY
What they hold in common
By the books each fund has filed, ISPY and ULTY hold 15% of their money in the same securities at the same weight.
| Holding | ISPY | ULTY |
|---|---|---|
| NVIDIA Corp. | 7.07% | 4.80% |
| Amazon.com, Inc. | 3.64% | 5.16% |
| Alphabet, Inc. | 3.05% | 5.66% |
| Advanced Micro Devices, Inc. | 1.16% | 4.15% |
| Lam Research Corp. | 0.55% | 4.99% |
| Palantir Technologies, Inc. | 0.49% | 4.40% |
| Analog Devices, Inc. | 0.28% | 5.47% |
| Quanta Services, Inc. | 0.15% | 4.95% |
| Fortinet, Inc. | 0.12% | 3.56% |
| Ciena Corp. | 0.11% | 4.95% |
| Robinhood Markets, Inc. | 0.10% | 3.84% |
| Coherent Corp. | 0.09% | 4.50% |
| Only in ISPY | Only in ULTY |
|---|---|
| ProShares GENIUS Money Market ETF 10.56% | IREN Ltd 4.80% |
| Apple, Inc. 6.31% | Strategy Inc 4.65% |
| Microsoft Corp. 4.60% | Astera Labs Inc 4.56% |
| Broadcom, Inc. 2.92% | VanEck Gold Miners ETF/USA 4.33% |
| Alphabet, Inc. 2.42% | Amplify Junior Silver Miners E 4.21% |
| Meta Platforms, Inc. 1.91% | Shopify Inc 3.69% |
| Tesla, Inc. 1.69% | Southern Copper Corp 3.20% |
| Micron Technology, Inc. 1.50% | Reddit Inc 3.19% |
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 Apr 30, 2026 and May 31, 2026.
Performance, window by window
| Window | Total return | Cash paid | Against the benchmark | |||
|---|---|---|---|---|---|---|
| ISPY | ULTY | ISPY | ULTY | ISPY | ULTY | |
| 3 months | +3.6% | +2.9% | 1.5% | 14.5% | −1.1 pts | −1.8 pts |
| 6 months | +11.8% | +12.9% | 3.5% | 29.9% | −3.3 pts | −2.3 pts |
| 1 year | +16.9% | −2.9% | 5.7% | 48.3% | −3.1 pts | −22.8 pts |
| Since launch | +54.6% | +10.0% | 25.8% | 86.5% | −14.8 pts | −46.2 pts |
| ISPY ProShares S&P 500 High Income ETF | ULTY YieldMax(R) Ultra Option Income Strategy ETF | |
|---|---|---|
| Issuer | ProShares | YieldMax |
| Strategy | covered call | synthetic covered call |
| Benchmark | S&P 500 (SPY) | S&P 500 (SPY), used as a default proxy |
| Pays | monthly | weekly |
| Payout rate, annualised | 5.8% | 60.4% |
| Expense ratio | not published | 1.30% |
| Cash paid, 1 year | 5.7% | 48.3% |
| Price change, 1 year | +10.8% | −52.1% |
| Total return, 1 year | +16.9% | −2.9% |
| Benchmark return, 1 year | +20.0% | +20.0% |
| Ahead or behind | −3.1 pts | −22.8 pts |
| Return of capital, latest estimate | not published | 100% |
| Age | 989 days | 918 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.
ULTY in plain words
Over the year to Sep 4, 2026, ULTY paid 48.3% of its starting value in cash distributions while its price fell 52.1%. With every distribution reinvested, the fund returned −2.9%. S&P 500 (SPY), used as a default proxy returned +20.0% over the same days, so a holder was behind by 22.8 pts. At its price on Sep 4, 2026 the latest distribution annualises to 60.4%, paid weekly. YieldMax estimates that 100% of the distribution paid Sep 3, 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 ULTY?
- Over the year to Sep 4, 2026, ISPY paid 5.7% of its starting price in cash and ULTY paid 48.3%, so ULTY 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 ULTY?
- With every distribution reinvested, ISPY returned +16.9% and ULTY returned −2.9% over the year to Sep 4, 2026, so ISPY 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 ULTY, data as of Sep 4, 2026. https://etfiq.com/compare/income/ISPY-ULTY.html Free to use with attribution; the underlying files are at Open data.