Get the weekly note
ETFIQetfiq.com · independent ETF data

Data as of .

ISPY vs JUDO: which paid, and which earned it?

ISPY and JUDO both write options for income.

ProShares S&P 500 High Income ETF and Janus Henderson U.S. Equity Enhanced Income ETF.

5.6%ISPY cash paid, 1 year
2.6%JUDO cash paid, 1 year
+13.5%ISPY total return, 1 year
+14.7%JUDO total return, 1 year
ISPY3.1 pts behind SPY · 1 year to Sep 18, 2026
SPY+16.6%ISPY+13.5%5.6% of it arrived as cash3.1 pts behind SPYTotal return, distributions reinvestedSPY+16.6%ISPY+13.5%3.1 pts behind SPY
JUDO1.8 pts behind SPY · since launch to Sep 18, 2026
SPY+16.6%JUDO+14.7%2.6% as cash1.8 pts behind SPYTotal return, distributions reinvestedSPY+16.6%JUDO+14.7%1.8 pts behind SPY

What they hold in common

By the books each fund has filed, ISPY and JUDO hold 46% of their money in the same securities at the same weight.

Positions ISPY and JUDO both hold, largest shared weight first
HoldingISPYJUDO
NVIDIA Corp.7.07%8.32%
Apple, Inc.6.31%4.88%
Microsoft Corp.4.60%6.00%
Amazon.com, Inc.3.64%5.20%
Alphabet, Inc.3.05%7.49%
Broadcom, Inc.2.92%3.92%
Meta Platforms, Inc.1.91%1.75%
Micron Technology, Inc.1.50%1.90%
Eli Lilly & Co.1.21%2.30%
JPMorgan Chase & Co.1.11%2.30%
Visa, Inc.0.76%1.62%
Johnson & Johnson0.75%1.41%
Only in each
Only in ISPYOnly in JUDO
ProShares GENIUS Money Market ETF 10.56%Ferguson Enterprises, Inc. 0.87%
Alphabet, Inc. 2.42%
Tesla, Inc. 1.69%
Berkshire Hathaway, Inc. 1.20%
Advanced Micro Devices, Inc. 1.16%
Exxon Mobil Corp. 0.84%
Intel Corp. 0.74%
Walmart, Inc. 0.70%

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 Apr 30, 2026 and May 31, 2026.

Performance, window by window

ISPY and JUDO over each window. Every figure is an ETFIQ calculation with distributions reinvested. Source: ETFIQ.
WindowTotal returnCash paidAgainst the benchmark
ISPYJUDOISPYJUDOISPYJUDO
3 months+1.4%+1.8%1.5%1.5%−0.8 pts−0.5 pts
6 months+14.7%not published3.6%not published−3.3 ptsnot published
1 year+13.5%not published5.6%not published−3.1 ptsnot published
Since launch+53.4%+14.7%25.8%2.6%−14.5 pts−1.8 pts
Open the live comparison on ETFIQ
ISPY and JUDO on the same fields, as of Sep 18, 2026. Source: ETFIQ.
ISPY
ProShares S&P 500 High Income ETF
Option income on SPY, paying monthly
JUDO
Janus Henderson U.S. Equity Enhanced Income ETF
Covered call on SPY, paying monthly
IssuerProSharesJanus Henderson
Strategyoption incomecovered call
BenchmarkS&P 500 (SPY)S&P 500 (SPY)
Paysmonthlymonthly
Payout rate, annualized5.8%6.4%
Expense ratio0.56%0.55%
Cash paid, 1 year5.6%2.6% (since launch on Mar 25, 2026)
Price change, 1 year+7.6%+12.1%
Total return, 1 year+13.5%+14.7% (since launch on Mar 25, 2026)
Benchmark return, 1 year+16.6%+16.6%
Ahead or behind−3.1 pts−1.8 pts
Return of capital, latest estimatenot publishednot published
Age1003 days177 days
Net assets$1.2bn$7m

ISPY in plain words

Over the year to Sep 18, 2026, ISPY paid 5.6% of its starting value in cash distributions while its price rose 7.6%. With every distribution reinvested, the fund returned +13.5%. S&P 500 (SPY) returned +16.6% over the same days, so a holder was behind by 3.1 pts. At its price on Sep 18, 2026 the latest distribution annualizes to 5.8%, paid monthly.

JUDO in plain words

Over the period since launch on Mar 25, 2026 to Sep 18, 2026, JUDO paid 2.6% of its starting value in cash distributions while its price rose 12.1%. With every distribution reinvested, the fund returned +14.7%. S&P 500 (SPY) returned +16.6% over the same days, so a holder was behind by 1.8 pts. At its price on Sep 18, 2026 the latest distribution annualizes to 6.4%, paid monthly.

Questions people ask

Which is cheaper, ISPY or JUDO?
ISPY charges 0.56% a year and JUDO charges 0.55%, so JUDO is cheaper. Fees come from each fund's prospectus.

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.

ISPY against JUDO, ETFIQ, data as of Sep 18, 2026. Every figure is calculated from a named public source; the method is at etfiq.com/methodology. A comparison is not a recommendation.

Cite this page. ETFIQ, ISPY against JUDO, data as of Sep 18, 2026. https://etfiq.com/compare/income/ispy-vs-judo Free to use with attribution; the underlying files are at Open data.

How every figure is computed · Standards and sources