Which paid more, ISPY or OEI?

Over the year to Nov 4, 2026, ISPY paid 6.2% of its starting price in cash and OEI paid 9.2%, so OEI 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 OEI?

With every distribution reinvested, ISPY returned +11.3% and OEI +12.9% over the year to Nov 4, 2026.

Which is cheaper, ISPY or OEI?

ISPY charges 0.55% a year and OEI charges 1.02%, so ISPY is cheaper. Fees come from each fund's prospectus.

Data as of Nov 4, 2026.

Income ETFs

ISPY vs OEI: Dividend Yield & Total Return

Share on X Download as PDF

Over the year to Nov 4, 2026, OEI paid 9.2% of its price in cash against ISPY’s 6.2%, and returned more with it reinvested.

askIQ about this page

askIQ about ISPY and OEI

Net assets: $1.2bn on Nov 4, 2026 for ProShares S&P 500 High Income ETF, and $46m on Jul 31, 2026 for Optimized Equity Income ETF.

ISPY on its own →OEI on its own →

At a glance

6.2%

ISPY cash paid, 1 year

9.2%

OEI cash paid, 1 year

+11.3%

ISPY total return, 1 year

+12.9%

OEI total return, 1 year

ISPY · 1 year to Nov 4, 2026 3.5 pts behind SPY

ISPY

+11.3%

SPY

+14.8%

3.5 pts behind SPY

ISPY over 1 year: paid 6.2%, price +4.8%, total +11.3%, SPY +14.8%, −3.5 pts. Data to Nov 4, 2026.

SPY

+14.8%

ISPY

+11.3%

6.2% of it arrived as cash

3.5 pts behind SPY

Total return, distributions reinvested

3.5 pts behind SPY

ISPY over 1 year: paid 6.2%, price +4.8%, total +11.3%, SPY +14.8%, −3.5 pts. Data to Nov 4, 2026.

SPY

+14.8%

ISPY

+11.3%

3.5 pts behind SPY

6.2% of it arrived as cash. Total return, distributions reinvested. ISPY over 1 year: paid 6.2%, price +4.8%, total +11.3%, SPY +14.8%, −3.5 pts. Data to Nov 4, 2026.

Data to Nov 4, 2026.

OEI · 1 year to Nov 4, 2026 1.9 pts behind SPY

OEI

+12.9%

SPY

+14.8%

1.9 pts behind SPY

OEI over 1 year: paid 9.2%, price +3.0%, total +12.9%, SPY +14.8%, −1.9 pts. Data to Nov 4, 2026.

SPY

+14.8%

OEI

+12.9%

9.2% of it arrived as cash

1.9 pts behind SPY

Total return, distributions reinvested

1.9 pts behind SPY

OEI over 1 year: paid 9.2%, price +3.0%, total +12.9%, SPY +14.8%, −1.9 pts. Data to Nov 4, 2026.

SPY

+14.8%

OEI

+12.9%

9.2% cash

1.9 pts behind SPY

9.2% of it arrived as cash. Both charts share one scale, 0 to +14.8%. OEI over 1 year: paid 9.2%, price +3.0%, total +12.9%, SPY +14.8%, −1.9 pts. Data to Nov 4, 2026.

Both charts share one scale, 0 to +14.8%. Data to Nov 4, 2026.

Pair scorecard

ISPY costs 0.47 points a year less; their one-year returns differ by 1.6 points.

Points (pts) are percentage points.

ISPY vs OEI: Dividend Yield & Total Return
Measure	ISPY	OEI
Paid and earned
Measure	ISPY	OEI
Total return, 1 year	+11.3%	+12.9%
Price change, 1 year	rose 4.8%	rose 3.0%
Against its benchmark
Measure	ISPY	OEI
Benchmark	S&P 500, measured through SPY	S&P 500, measured through SPY
Cost and size
Measure	ISPY	OEI
Expense ratio	0.55%	1.02%
Net assets, ISPY as of Nov 4, 2026 and OEI as of Jul 31, 2026	$1.2bn	$46m
Holdings
Measure	ISPY	OEI
Holdings in common	56%

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

IQ Income Score83.5ISPY75.7OEI

How much of its payouts the fund's total return covered, ranked against 167 income ETFs not writing on a single company. 100 is best. How it is computed

ISPY 83.5

OEI 75.7

0.3, the lowest in this set 99.7, the highest

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 →

Method

What they share

56%

By the books each fund has filed, ISPY and OEI hold 56% of their money in the same securities at the same weight. Holdings dated Jul 31, 2026 and Aug 31, 2026.

50%

0 half 100%

half

56% in common

Positions both hold · largest shared weight first ISPY OEI

NVIDIA Corp. 6.80% 8.22%

Microsoft Corp. 4.80% 5.93%

Apple, Inc. 5.92% 4.23%

Amazon.com, Inc. 3.24% 4.51%

Alphabet, Inc. 2.53% 3.44%

Broadcom, Inc. 2.23% 3.01%

Alphabet, Inc. 2.02% 2.76%

Meta Platforms, Inc. 1.60% 2.15%

Micron Technology, Inc. 1.38% 2.54%

Tesla, Inc. 1.32% 1.44%

JPMorgan Chase & Co. 1.22% 1.63%

Berkshire Hathaway, Inc. 1.18% 1.58%

Only in one fund ↓

Only in ISPY

Palo Alto Networks, Inc. 0.40%

Philip Morris International, Inc. 0.37%

Crowdstrike Holdings, Inc. 0.30%

Sandisk Corp. 0.29%

KLA Corp. 0.29%

Linde plc 0.29%

International Business Machines Corp. 0.28%

Seagate Technology Holdings plc 0.24%

Only in OEI

Philip Morris International In 1.03%

IBM 0.52%

Mobility Global Inc 0.02%

Check overlap with more funds →

Side by side

ISPY ProShares S&P 500 High Income ETF · Option income on SPY, paying monthly OEI Optimized Equity Income ETF · Option income on SPY, paying monthly

Issuer ProShares Core Alternative

Strategy option income option income

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

Pays monthly monthly

Payout rate, annualized 6.0% 9.6%

Expense ratio 0.55% 1.02%

Cash paid, 1 year 6.2% 9.2%

Price change, 1 year +4.8% +3.0%

Total return, 1 year +11.3% +12.9%

Benchmark return, 1 year +14.8% +14.8%

Ahead or behind −3.5 pts −1.9 pts

Return of capital, latest estimate 87% not published

Age 2.9 years 1.0 years

Net assets, ISPY as of Nov 4, 2026 and OEI as of Jul 31, 2026 $1.2bn $46m

As of Nov 4, 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 OEI: Dividend Yield & Total Return
	Total return		Cash paid		Against the benchmark
Window	ISPY	OEI	ISPY	OEI	ISPY	OEI
3 months	−0.5%	+3.3%	1.5%	2.4%	−0.3 pts	+3.4 pts
6 months	+3.8%	+6.3%	3.1%	4.7%	−1.2 pts	+1.3 pts
1 year	+11.3%	+12.9%	6.2%	9.2%	−3.5 pts	−1.9 pts
Since launchNot the same days: ISPY Dec 2023 · OEI Oct 2025	+54.0%	+15.0%	27.1%	9.4%	−15.1 pts	−1.1 pts

Open this comparison in the app →

Alert

About each fund

ISPY

Over the year to Nov 4, 2026, ISPY paid 6.2% of its starting value in cash distributions while its price rose 4.8%. With every distribution reinvested, the fund returned +11.3%. S&P 500 (SPY) returned +14.8% over the same days, so a holder was behind by 3.5 pts. At its price on Nov 4, 2026 the latest distribution annualizes to 6.0%, paid monthly. ProShares estimates that 87% of the distribution paid Nov 6, 2026 was a return of capital (its 19a-1 notice). That is a tax label, not a measure of erosion.

OEI

Over the year to Nov 4, 2026, OEI paid 9.2% of its starting value in cash distributions while its price rose 3.0%. With every distribution reinvested, the fund returned +12.9%. S&P 500 (SPY) returned +14.8% over the same days, so a holder was behind by 1.9 pts. At its price on Nov 4, 2026 the latest distribution annualizes to 9.6%, paid monthly.

Questions people ask

Which paid more, ISPY or OEI?: Over the year to Nov 4, 2026, ISPY paid 6.2% of its starting price in cash and OEI paid 9.2%, so OEI 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 OEI?: With every distribution reinvested, ISPY returned +11.3% and OEI +12.9% over the year to Nov 4, 2026.
Which is cheaper, ISPY or OEI?: ISPY charges 0.55% a year and OEI charges 1.02%, so ISPY is cheaper. Fees come from each fund's prospectus.

Other comparisons

ISPY vs IVVW ISPY vs PBP ISPY vs KHPI ISPY vs ROCY OEI vs OMAH OEI vs ROCY OEI vs PBP OEI vs XDTE

Where to next

S&P 500 (SPY) →ISPY on its own →OEI on its own →ISPY dividend history →ISPY holdings →OEI dividend history →OEI 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 ↗

OEI filings on SEC EDGAR ↗

OEI prospectus with the expense ratio (SEC) ↗

Core Alternative website ↗

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 OEI, data as of Nov 4, 2026. https://etfiq.com/compare/income/ispy-vs-oei

Open data →

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