Data as of Oct 28, 2026.
ISPY vs MSFO: Dividend Yield & Total Return
Over the year to Oct 28, 2026, MSFO paid 26.1% of its price in cash against ISPY’s 5.7%, though ISPY returned more with it reinvested.
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Net assets: $1.2bn on Oct 28, 2026 for ProShares S&P 500 High Income ETF, and $100m on Oct 27, 2026 for YieldMax MSFT Option Income Strategy ETF.
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. Total return, distributions reinvested. 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, 2026.1.4 pts ahead of MSFT
MSFO over 1 year: paid 26.1%, price −30.2%, total +0.2%, MSFT −1.2%, +1.4 pts. Data to Oct 28, 2026.
MSFT
−1.2%
MSFO
+0.2%
1.4 pts ahead of MSFT
Total return, distributions reinvested
1.4 pts ahead of MSFT
MSFO over 1 year: paid 26.1%, price −30.2%, total +0.2%, MSFT −1.2%, +1.4 pts. Data to Oct 28, 2026.
MSFT
−1.2%
MSFO
+0.2%
1.4 pts ahead of MSFT
26.1% of it arrived as cash. Both charts share one scale, with zero at the line. MSFO over 1 year: paid 26.1%, price −30.2%, total +0.2%, MSFT −1.2%, +1.4 pts. Data to Oct 28, 2026.
Data to Oct 28, 2026.Pair scorecard
ISPY costs 0.48 points a year less; their one-year returns differ by 9.9 points; ISPY is 12.0 times larger.
Points (pts) are percentage points.
| Measure | ISPY | MSFO |
|---|---|---|
| Paid and earned | ||
| Total return, 1 year | +10.1% | +0.2% |
| Price change, 1 year | rose 4.0% | fell 30.2% |
| Return of capital, issuer estimate | 81% of the Oct 7, 2026 payment | 89% of the Oct 30, 2026 payment |
| Against its benchmark | ||
| Benchmark | S&P 500, measured through SPY | Microsoft (MSFT) |
| Cost and size | ||
| Expense ratio | 0.55% | 1.03% |
| Net assets, as of Oct 27, 2026 | $1.2bn | $100m |
| Holdings | ||
| Holdings in common | 0% | |
ISPY among the 164 income ETFs not writing on a single company
How much of its payouts the fund's total return covered, ranked against 164 income ETFs not writing on a single company and 74 income ETFs writing on a single company. 100 is best. How it is computed
MSFO among the 74 income ETFs writing on a single company
A percentile among the 164 income ETFs not writing on a single company. MSFO is a percentile among the 74 income ETFs writing on a single company, a different set, so the two marks are not on one scale. 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 Aug 31, 2026 and Oct 28, 2026. Method
Risk and return
Dec 29, 2023 to Oct 23, 2026 · 147 weekly returnsEach against its own benchmark: ISPY against SPY, Dec 29, 2023 to Oct 23, 2026; MSFO against MSFT, Sep 1, 2023 to Oct 23, 2026.
ISPY returned more: +49.9% to +37.2%. ISPY swung less: 12.8% to 23.1%. ISPY fell less at its worst: −15.6% to −27.1%.
Full scorecard
19 measures, with how each is measured Open ↓
| Measure | ISPY | MSFO | Edge | How it is measured |
|---|---|---|---|---|
| Return | ||||
| Total return | +49.9% | +37.2% | ISPY | Price change plus distributions, reinvested. |
| Annualized | +15.4% | +11.8% | ISPY | Total return as a yearly rate. |
| Price return | +17.6% | −45.1% | ISPY | Price change alone, distributions left out. |
| Risk | ||||
| Volatility | 12.8% | 23.1% | ISPY | Spread of weekly returns, annualized. Lower is steadier. |
| Downside deviation | 8.8% | 14.0% | ISPY | Like volatility, counting only weeks below the Treasury bill rate. |
| Max drawdown | −15.6% | −27.1% | ISPY | Deepest fall from a high to the low after it. |
| Upside capture | 85.6% | 70.8% | Share of its benchmark's rise caught in the weeks it rose. | |
| Downside capture | 96.6% | 88.2% | Share of its benchmark's fall taken in the weeks it fell. Lower is better. | |
| Beta | 0.89 | 0.80 | Not an edge | How far it moves for each 1% its benchmark moves. |
| R squared | 0.96 | 0.96 | Not an edge | Share of its weekly moves its benchmark explains. |
| Risk-adjusted | ||||
| Sharpe | 0.84 | 0.41 | ISPY | Return above Treasury bills per unit of volatility. |
| Sortino | 1.22 | 0.67 | ISPY | Return above Treasury bills per unit of downside deviation. |
| Treynor | 0.121 | 0.158 | Return above Treasury bills per unit of beta. | |
| Calmar | 0.99 | 0.44 | ISPY | Annualized return divided by the max drawdown. |
| Against the benchmark | ||||
| Benchmark | SPY | MSFT | The ETF each fund is measured against. | |
| Alpha | −2.0% a year | +1.0% a year | Not significant | Yearly return beyond what its beta to the benchmark predicts. |
| Alpha t-stat | −1.26 | 0.38 | Not an edge | How sure the alpha is. Below 2, it could be chance. |
| Alpha range | −5.1% to +1.1% | −4.1% to +6.0% | Includes zero | The 95% range for the yearly alpha. |
| Information ratio | −1.17 | −0.27 | Return against its benchmark per unit of tracking error. | |
| Tracking error | 3.1% | 7.0% | Not an edge | How far weekly returns stray from the benchmark, annualized. |
Computed by ETFIQ from Tiingo daily prices and ETFIQ's distribution records, 147 weekly returns. Cash rate: the 13-week Treasury bill.
What they share
By the books each fund has filed, ISPY and MSFO hold 0% of their money in the same securities at the same weight. Holdings dated Aug 31, 2026 and Oct 28, 2026.
half
0% 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 | ISPY | MSFO | ISPY | MSFO | ISPY | MSFO |
| 3 months | +4.8% | +31.5% | 1.6% | 12.5% | −1.4 pts | −4.8 pts |
| 6 months | +7.3% | +20.2% | 3.3% | 19.5% | −1.7 pts | −5.4 pts |
| 1 year | +10.1% | +0.2% | 5.7% | 26.1% | −3.5 pts | +1.5 pts |
| 3 years | – | +57.1% | – | 79.1% | – | −7.7 pts |
| Since launchNot the same days: ISPY Dec 2023 · MSFO Aug 2023 | +54.8% | +64.8% | 26.5% | 83.2% | −15.5 pts | −3.4 pts |
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ISPY and MSFO are built for the same job. How do they differ in cost, holdings and results?
- Income paid. ISPY paid 5.7% and MSFO 26.1% (cash paid over 1 year, as a share of its price at the start), a gap of 20.4 points.
- What each is measured against. ISPY is measured against S&P 500 through SPY and MSFO against Microsoft (MSFT).
- Holdings in common. 0% of the weight is in the same securities (holdings dated Aug 31, 2026 and Oct 28, 2026).
Data as of Oct 28, 2026.
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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). That is a tax label, not a measure of erosion.
MSFO
Over the year to Oct 28, 2026, MSFO paid 26.1% of its starting value in cash distributions while its price fell 30.2%. With every distribution reinvested, the fund returned +0.2%. Microsoft (MSFT) returned −1.2% over the same days, so a holder was ahead by 1.4 pts. At its price on Oct 28, 2026 the latest distribution annualizes to 34.0%, paid weekly. YieldMax estimates that 89% of the distribution paid Oct 30, 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.
Cite this pageCitation, APA and Markdown
ETFIQ, ISPY against MSFO, data as of Oct 28, 2026. https://etfiq.com/compare/income/ispy-vs-msfo
ETFIQ. (Oct 28, 2026). ISPY against MSFO. Retrieved from https://etfiq.com/compare/income/ispy-vs-msfo
[ISPY against MSFO (ETFIQ, Oct 28, 2026)](https://etfiq.com/compare/income/ispy-vs-msfo)
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