Data as of Oct 28, 2026.
AIPI vs ISPY: Dividend Yield & Total Return
Over the year to Oct 28, 2026, AIPI paid 30.4% of its price in cash against ISPY’s 5.7%, and returned more with it reinvested.
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Net assets: $490m on Oct 27, 2026 for REX AI EQUITY PREMIUM INCOME ETF, and $1.2bn on Oct 28, 2026 for ProShares S&P 500 High Income ETF.
1.9 pts ahead of SPY
AIPI over 1 year: paid 30.4%, price −19.4%, total +15.5%, SPY +13.6%, +1.9 pts. Data to Oct 28, 2026.
SPY
+13.6%
AIPI
+15.5%
30.4% of it arrived as cash
1.9 pts ahead of SPY
Total return, distributions reinvested
1.9 pts ahead of SPY
AIPI over 1 year: paid 30.4%, price −19.4%, total +15.5%, SPY +13.6%, +1.9 pts. Data to Oct 28, 2026.
SPY
+13.6%
AIPI
+15.5%
30.4% as cash
1.9 pts ahead of SPY
30.4% of it arrived as cash. Total return, distributions reinvested. AIPI over 1 year: paid 30.4%, price −19.4%, total +15.5%, SPY +13.6%, +1.9 pts. Data to Oct 28, 2026.
Data to Oct 28, 2026.3.5 pts behind SPY
ISPY over 1 year: paid 5.7%, price +4.0%, total +10.1%, SPY +13.6%, −3.5 pts. Data to Oct 28, 2026.
SPY
+13.6%
ISPY
+10.1%
5.7% of it arrived as cash
3.5 pts behind SPY
Total return, distributions reinvested
3.5 pts behind SPY
ISPY over 1 year: paid 5.7%, price +4.0%, total +10.1%, SPY +13.6%, −3.5 pts. Data to Oct 28, 2026.
SPY
+13.6%
ISPY
+10.1%
3.5 pts behind SPY
5.7% of it arrived as cash. Both charts share one scale, with zero at the line. ISPY over 1 year: paid 5.7%, price +4.0%, total +10.1%, SPY +13.6%, −3.5 pts. Data to Oct 28, 2026.
Data to Oct 28, 2026.Pair scorecard
ISPY costs 0.10 points a year less; their one-year returns differ by 5.4 points; ISPY is 2.4 times larger.
Points (pts) are percentage points.
| Measure | AIPI | ISPY |
|---|---|---|
| Paid and earned | ||
| Total return, 1 year | +15.5% | +10.1% |
| Price change, 1 year | fell 19.4% | rose 4.0% |
| Return of capital, issuer estimate | 100% of the Oct 8, 2026 payment | 81% of the Oct 7, 2026 payment |
| Against its benchmark | ||
| Benchmark | S&P 500, measured through SPY | S&P 500, measured through SPY |
| Cost and size | ||
| Expense ratio | 0.65% | 0.55% |
| Net assets, as of Oct 27, 2026 | $490m | $1.2bn |
| Holdings | ||
| Holdings in common | 28% | |
How much of its payouts the fund's total return covered, ranked against 164 income ETFs not writing on a single company. 100 is best. How it is computed
A percentile among the 164 income ETFs not writing on a single company. One year only, and a ratio of two published numbers: it says nothing about where a distribution came from. All income ETFs ranked by it →
Holdings in common uses holdings dated May 31, 2026 and Aug 31, 2026. Method
Risk and return
Jun 14, 2024 to Oct 23, 2026 · 123 weekly returns · each against SPYAIPI returned more: +44.7% to +34.0%. ISPY swung less: 13.4% to 21.3%. ISPY fell less at its worst: −15.6% to −24.9%.
Full scorecard
19 measures, with how each is measured Open ↓
| Measure | AIPI | ISPY | SPY | Edge | How it is measured |
|---|---|---|---|---|---|
| Return | |||||
| Total return | +44.7% | +34.0% | AIPI | Price change plus distributions, reinvested. | |
| Annualized | +16.9% | +13.2% | AIPI | Total return as a yearly rate. | |
| Price return | −34.5% | +9.7% | ISPY | Price change alone, distributions left out. | |
| Risk | |||||
| Volatility | 21.3% | 13.4% | ISPY | Spread of weekly returns, annualized. Lower is steadier. | |
| Downside deviation | 15.0% | 9.3% | ISPY | Like volatility, counting only weeks below the Treasury bill rate. | |
| Max drawdown | −24.9% | −15.6% | ISPY | Deepest fall from a high to the low after it. | |
| Upside capture | 130.1% | 86.7% | 100.0% | AIPI | Share of its benchmark's rise caught in the weeks it rose. |
| Downside capture | 116.5% | 97.1% | 100.0% | ISPY | Share of its benchmark's fall taken in the weeks it fell. Lower is better. |
| Beta | 1.22 | 0.89 | 1.00 | ISPY lower | How far it moves for each 1% its benchmark moves. |
| R squared | 0.72 | 0.96 | 1.00 | Not an edge | Share of its weekly moves its benchmark explains. |
| Risk-adjusted | |||||
| Sharpe | 0.64 | 0.68 | ISPY (slight) | Return above Treasury bills per unit of volatility. | |
| Sortino | 0.92 | 0.98 | ISPY (slight) | Return above Treasury bills per unit of downside deviation. | |
| Treynor | 0.112 | 0.103 | 0.124 | AIPI (slight) | Return above Treasury bills per unit of beta. |
| Calmar | 0.68 | 0.85 | ISPY | Annualized return divided by the max drawdown. | |
| Against the benchmark | |||||
| Benchmark | SPY | SPY | SPY | The ETF each fund is measured against. | |
| Alpha | −1.4% a year | −1.9% a year | 0.0% | Not significant | Yearly return beyond what its beta to the benchmark predicts. |
| Alpha t-stat | −0.19 | −1.08 | Not an edge | How sure the alpha is. Below 2, it could be chance. | |
| Alpha range | −16.0% to +13.2% | −5.3% to +1.6% | Both include zero | The 95% range for the yearly alpha. | |
| Information ratio | 0.12 | −1.05 | AIPI | Return against its benchmark per unit of tracking error. | |
| Tracking error | 11.7% | 3.1% | 0.0% | Not an edge | How far weekly returns stray from the benchmark, annualized. |
Computed by ETFIQ from Tiingo daily prices and ETFIQ's distribution records, 123 weekly returns. Cash rate: the 13-week Treasury bill.
What they share
By the books each fund has filed, AIPI and ISPY hold 28% of their money in the same securities at the same weight. Holdings dated May 31, 2026 and Aug 31, 2026.
half
28% in common
Only in one fund ↓
Side by side
As of Oct 28, 2026. Source: ETFIQ. Cash paid: distributions over the window, as a share of the starting price. Payout rate: the latest payment, annualized, over today’s price.
Window by window
| Total return | Cash paid | Against the benchmark | ||||
|---|---|---|---|---|---|---|
| Window | AIPI | ISPY | AIPI | ISPY | AIPI | ISPY |
| 3 months | +19.0% | +4.8% | 9.7% | 1.6% | +12.9 pts | −1.4 pts |
| 6 months | +18.5% | +7.3% | 15.9% | 3.3% | +9.4 pts | −1.7 pts |
| 1 year | +15.5% | +10.1% | 30.4% | 5.7% | +1.9 pts | −3.5 pts |
| Since launchNot the same days: AIPI Jun 2024 · ISPY Dec 2023 | +58.9% | +54.8% | 67.1% | 26.5% | +8.5 pts | −15.5 pts |
AIPI and ISPY are built for the same job. How do they differ in cost, holdings and results?
- Income paid. AIPI paid 30.4% and ISPY 5.7% (cash paid over 1 year, as a share of its price at the start), a gap of 24.7 points.
- Holdings in common. 28% of the weight is in the same securities (holdings dated May 31, 2026 and Aug 31, 2026).
- One-year total return. Over 1 year to Oct 28, 2026 AIPI returned +15.5% and ISPY +10.1% with distributions reinvested, a gap of 5.4 points.
Data as of Oct 28, 2026.
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AIPI
Over the year to Oct 28, 2026, AIPI paid 30.4% of its starting value in cash distributions while its price fell 19.4%. With every distribution reinvested, the fund returned +15.5%. S&P 500 (SPY) returned +13.6% over the same days, so a holder was ahead by 1.9 pts. At its price on Oct 28, 2026 the latest distribution annualizes to 34.3%, paid weekly. REX estimates that 100% of the distribution paid Oct 8, 2026 was a return of capital (its 19a-1 notice). That is a tax label, not a measure of erosion.
ISPY
Over the year to Oct 28, 2026, ISPY paid 5.7% of its starting value in cash distributions while its price rose 4.0%. With every distribution reinvested, the fund returned +10.1%. S&P 500 (SPY) returned +13.6% over the same days, so a holder was behind by 3.5 pts. At its price on Oct 28, 2026 the latest distribution annualizes to 6.3%, paid monthly. ProShares estimates that 81% of the distribution paid Oct 7, 2026 was a return of capital (its 19a-1 notice).
Questions people ask
Links are sources, not endorsements. A comparison is not a recommendation.
How this is computed
It is a place in a set, not a rating or a recommendation.
Overlap adds up the smaller of the two weights for each security both funds hold.
Every number is an ETFIQ calculation with distributions reinvested.
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ETFIQ, AIPI against ISPY, data as of Oct 28, 2026. https://etfiq.com/compare/income/aipi-vs-ispy
ETFIQ. (Oct 28, 2026). AIPI against ISPY. Retrieved from https://etfiq.com/compare/income/aipi-vs-ispy
[AIPI against ISPY (ETFIQ, Oct 28, 2026)](https://etfiq.com/compare/income/aipi-vs-ispy)
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