Which paid more, ISPY or MSTY?

Over the year to Oct 28, 2026, ISPY paid 5.7% of its starting price in cash and MSTY paid 33.4%, so MSTY 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 MSTY?

With every distribution reinvested, ISPY returned +10.1% and MSTY −43.4% over the year to Oct 28, 2026.

Which is cheaper, ISPY or MSTY?

ISPY charges 0.55% a year and MSTY charges 0.99%, so ISPY is cheaper. Fees come from each fund's prospectus.

Data as of Oct 28, 2026.

Income ETFs

ISPY vs MSTY: Dividend Yield & Total Return

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Over the year to Oct 28, 2026, MSTY paid 33.4% 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 $1.0bn on Oct 27, 2026 for YieldMax MSTR Option Income Strategy ETF.

ISPY on its own →MSTY on its own →

At a glance

5.7%

ISPY cash paid, 1 year

33.4%

MSTY cash paid, 1 year

+10.1%

ISPY total return, 1 year

−43.4%

MSTY total return, 1 year

ISPY · 1 year to Oct 28, 2026 3.5 pts behind SPY

ISPY

+10.1%

SPY

+13.6%

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

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.

MSTY · 1 year to Oct 28, 2026 5.6 pts ahead of MSTR

MSTY

−43.4%

MSTR

−49.0%

5.6 pts ahead of MSTR

MSTY over 1 year: paid 33.4%, price −75.2%, total −43.4%, MSTR −49.0%, +5.6 pts. Data to Oct 28, 2026.

MSTR

−49.0%

MSTY

−43.4%

5.6 pts ahead of MSTR

Total return, distributions reinvested

5.6 pts ahead of MSTR

MSTY over 1 year: paid 33.4%, price −75.2%, total −43.4%, MSTR −49.0%, +5.6 pts. Data to Oct 28, 2026.

MSTR

−49.0%

MSTY

−43.4%

5.6 pts ahead of MSTR

33.4% of it arrived as cash. Both charts share one scale, with zero at the line. MSTY over 1 year: paid 33.4%, price −75.2%, total −43.4%, MSTR −49.0%, +5.6 pts. Data to Oct 28, 2026.

Data to Oct 28, 2026.

Pair scorecard

ISPY costs 0.44 points a year less; their one-year returns differ by 53.5 points; ISPY is 1.2 times larger.

Points (pts) are percentage points.

ISPY vs MSTY: Dividend Yield & Total Return
Measure	ISPY	MSTY
Paid and earned
Measure	ISPY	MSTY
Total return, 1 year	+10.1%	−43.4%
Price change, 1 year	rose 4.0%	fell 75.2%
Return of capital, issuer estimate	81% of the Oct 7, 2026 payment	14% of the Oct 30, 2026 payment
Against its benchmark
Measure	ISPY	MSTY
Benchmark	S&P 500, measured through SPY	MicroStrategy (MSTR)
Cost and size
Measure	ISPY	MSTY
Expense ratio	0.55%	0.99%
Net assets, as of Oct 27, 2026	$1.2bn	$1.0bn
Holdings
Measure	ISPY	MSTY
Holdings in common	0%

ETFIQ Distribution Coverage Score · ISPY scores higher How much of what it paid out did its total return cover?

ISPY among the 164 income ETFs not writing on a single company

IQ Income Score85.7ISPY19.6MSTY

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

ISPY 85.7

0.3, the lowest in this set 99.7, the highest

MSTY among the 74 income ETFs writing on a single company

MSTY 19.6

0.7, the lowest in this set 99.3, the highest

A percentile among the 164 income ETFs not writing on a single company. MSTY 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

What they share

By the books each fund has filed, ISPY and MSTY hold 0% of their money in the same securities at the same weight. Holdings dated Aug 31, 2026 and Oct 28, 2026.

50%

0 half 100%

half

0% in common

Positions both hold · largest shared weight first ISPY MSTY

Only in one fund ↓

Only in ISPY

NVIDIA Corp. 6.80%

Apple, Inc. 5.92%

Microsoft Corp. 4.80%

Amazon.com, Inc. 3.24%

Alphabet, Inc. 2.53%

Broadcom, Inc. 2.23%

Alphabet, Inc. 2.02%

Meta Platforms, Inc. 1.60%

Only in MSTY

United States Treasury Note/Bond 2.375% 05/15/2027 18.81%

MSTR US 11/20/26 C135 6.30%

United States Treasury Note/Bond 3.375% 09/15/2027 5.96%

MSTR 12/18/2026 150.01 C 4.40%

MSTR US 10/30/26 C157.5 0.19%

MSTR US 10/30/26 C160 0.11%

MSTR US 10/30/26 C162.5 0.10%

MSTR US 10/30/26 C148 -0.03%

Check overlap with more funds →

Side by side

ISPY ProShares S&P 500 High Income ETF · Option income on SPY, paying monthly MSTY YieldMax MSTR Option Income Strategy ETF · Synthetic covered call on MSTR, paying weekly

Issuer ProShares YieldMax

Strategy option income synthetic covered call

Benchmark S&P 500 (SPY) MicroStrategy (MSTR)

Pays monthly weekly

Payout rate, annualized 6.3% 60.3%

Expense ratio 0.55% 0.99%

Cash paid, 1 year 5.7% 33.4%

Price change, 1 year +4.0% −75.2%

Total return, 1 year +10.1% −43.4%

Benchmark return, 1 year +13.6% −49.0%

Ahead or behind −3.5 pts +5.6 pts

Return of capital, latest estimate 81% 14%

Age 2.9 years 2.7 years

Net assets, ISPY as of Oct 28, 2026 and MSTY as of Oct 27, 2026 $1.2bn $1.0bn

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

Window by window: ISPY vs MSTY: Dividend Yield & Total Return
	Total return		Cash paid		Against the benchmark
Window	ISPY	MSTY	ISPY	MSTY	ISPY	MSTY
3 months	+4.8%	+42.2%	1.6%	25.1%	−1.4 pts	−13.3 pts
6 months	+7.3%	−9.7%	3.3%	28.9%	−1.7 pts	−1.4 pts
1 year	+10.1%	−43.4%	5.7%	33.4%	−3.5 pts	+5.6 pts
Since launchNot the same days: ISPY Dec 2023 · MSTY Feb 2024	+54.8%	+69.4%	26.5%	224.6%	−15.5 pts	−34.2 pts

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Client brief · page 1 of 2 Report BR-7453004919

ISPY and MSTY are built for the same job. How do they differ in cost, holdings and results?

Income paid. ISPY paid 5.7% and MSTY 33.4% (cash paid over 1 year, as a share of its price at the start), a gap of 27.7 points.
What each is measured against. ISPY is measured against S&P 500 through SPY and MSTY against MicroStrategy (MSTR).
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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About each fund

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.

MSTY

Over the year to Oct 28, 2026, MSTY paid 33.4% of its starting value in cash distributions while its price fell 75.2%. With every distribution reinvested, the fund returned −43.4%. MicroStrategy (MSTR) returned −49.0% over the same days, so a holder was ahead by 5.6 pts. At its price on Oct 28, 2026 the latest distribution annualizes to 60.3%, paid weekly. YieldMax estimates that 14% of the distribution paid Oct 30, 2026 was a return of capital (its 19a-1 notice).

Questions people ask

Which paid more, ISPY or MSTY?: Over the year to Oct 28, 2026, ISPY paid 5.7% of its starting price in cash and MSTY paid 33.4%, so MSTY 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 MSTY?: With every distribution reinvested, ISPY returned +10.1% and MSTY −43.4% over the year to Oct 28, 2026.
Which is cheaper, ISPY or MSTY?: ISPY charges 0.55% a year and MSTY charges 0.99%, so ISPY is cheaper. Fees come from each fund's prospectus.

Other comparisons

ISPY vs VOOY ISPY vs SDVD ISPY vs RYLD ISPY vs NVDY MSTY vs XDTE MSTY vs JEPI MSTY vs XYLD MSTY vs SPYI

Where to next

S&P 500 (SPY) →ISPY on its own →MSTY on its own →ISPY dividend history →ISPY holdings →MSTY dividend history →MSTY holdings →Method →Standards and sources →

Sources and dates

ISPY filings on SEC EDGAR ↗

ISPY prospectus with the expense ratio (SEC) ↗

ISPY 19a-1 distribution notice ↗

ProShares page for ISPY ↗

MSTY filings on SEC EDGAR ↗

MSTY prospectus with the expense ratio (SEC) ↗

MSTY 19a-1 distribution notice ↗

YieldMax page for MSTY ↗

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 MSTY, data as of Oct 28, 2026. https://etfiq.com/compare/income/ispy-vs-msty

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Free to use with attribution for data ETFIQ computes; issuer data stays under its owner's terms.