Data as of Oct 28, 2026.
ISPY vs QQQI: Dividend Yield & Total Return
Over the year to Oct 28, 2026, QQQI paid 13.7% of its price in cash against ISPY’s 5.7%, and 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 $15.4bn on Oct 27, 2026 for NEOS Nasdaq-100 High Income 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, 2026.3.3 pts behind QQQ
QQQI over 1 year: paid 13.7%, price −2.8%, total +11.9%, QQQ +15.2%, −3.3 pts. Data to Oct 28, 2026.
QQQ
+15.2%
QQQI
+11.9%
13.7% of it arrived as cash
3.3 pts behind QQQ
Total return, distributions reinvested
3.3 pts behind QQQ
QQQI over 1 year: paid 13.7%, price −2.8%, total +11.9%, QQQ +15.2%, −3.3 pts. Data to Oct 28, 2026.
QQQ
+15.2%
QQQI
+11.9%
13.7% as cash
3.3 pts behind QQQ
13.7% of it arrived as cash. Both charts share one scale, with zero at the line. QQQI over 1 year: paid 13.7%, price −2.8%, total +11.9%, QQQ +15.2%, −3.3 pts. Data to Oct 28, 2026.
Data to Oct 28, 2026.Pair scorecard
ISPY costs 0.13 points a year less; their one-year returns differ by 1.8 points; QQQI is 12.8 times larger.
Points (pts) are percentage points.
| Measure | ISPY | QQQI |
|---|---|---|
| Paid and earned | ||
| Total return, 1 year | +10.1% | +11.9% |
| Price change, 1 year | rose 4.0% | fell 2.8% |
| Return of capital, issuer estimate | 81% of the Oct 7, 2026 payment | 100% of the Oct 23, 2026 payment |
| Against its benchmark | ||
| Benchmark | S&P 500, measured through SPY | Nasdaq-100, measured through QQQ |
| Cost and size | ||
| Expense ratio | 0.55% | 0.68% |
| Net assets, as of Oct 27, 2026 | $1.2bn | $15.4bn |
| Holdings | ||
| Holdings in common | 45% | |
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 Aug 31, 2026 and Oct 28, 2026. Method
Risk and return
Feb 9, 2024 to Oct 23, 2026 · 141 weekly returnsEach against its own benchmark: ISPY against SPY, Dec 29, 2023 to Oct 23, 2026; QQQI against QQQ, Feb 9, 2024 to Oct 23, 2026.
QQQI returned more: +52.7% to +44.2%. ISPY swung less: 13.0% to 16.0%. ISPY fell less at its worst: −15.6% to −18.4%.
Full scorecard
19 measures, with how each is measured Open ↓
| Measure | ISPY | QQQI | Edge | How it is measured |
|---|---|---|---|---|
| Return | ||||
| Total return | +44.2% | +52.7% | QQQI | Price change plus distributions, reinvested. |
| Annualized | +14.5% | +16.9% | QQQI | Total return as a yearly rate. |
| Price return | +14.5% | +3.2% | ISPY | Price change alone, distributions left out. |
| Risk | ||||
| Volatility | 13.0% | 16.0% | ISPY | Spread of weekly returns, annualized. Lower is steadier. |
| Downside deviation | 8.9% | 10.8% | ISPY | Like volatility, counting only weeks below the Treasury bill rate. |
| Max drawdown | −15.6% | −18.4% | ISPY | Deepest fall from a high to the low after it. |
| Upside capture | 85.6% | 69.5% | Share of its benchmark's rise caught in the weeks it rose. | |
| Downside capture | 96.6% | 85.4% | Share of its benchmark's fall taken in the weeks it fell. Lower is better. | |
| Beta | 0.89 | 0.79 | Not an edge | How far it moves for each 1% its benchmark moves. |
| R squared | 0.96 | 0.98 | Not an edge | Share of its weekly moves its benchmark explains. |
| Risk-adjusted | ||||
| Sharpe | 0.77 | 0.79 | Tie | Return above Treasury bills per unit of volatility. |
| Sortino | 1.12 | 1.16 | QQQI (slight) | Return above Treasury bills per unit of downside deviation. |
| Treynor | 0.121 | 0.158 | Return above Treasury bills per unit of beta. | |
| Calmar | 0.93 | 0.92 | Tie | Annualized return divided by the max drawdown. |
| Against the benchmark | ||||
| Benchmark | SPY | QQQ | The ETF each fund is measured against. | |
| Alpha | −2.0% a year | 0.0% a year | Not significant | Yearly return beyond what its beta to the benchmark predicts. |
| Alpha t-stat | −1.26 | 0.01 | Not an edge | How sure the alpha is. Below 2, it could be chance. |
| Alpha range | −5.1% to +1.1% | −3.0% to +3.0% | Includes zero | The 95% range for the yearly alpha. |
| Information ratio | −1.17 | −0.67 | Return against its benchmark per unit of tracking error. | |
| Tracking error | 3.1% | 4.8% | Not an edge | How far weekly returns stray from the benchmark, annualized. |
Computed by ETFIQ from Tiingo daily prices and ETFIQ's distribution records, 141 weekly returns. Cash rate: the 13-week Treasury bill.
What they share
By the books each fund has filed, ISPY and QQQI hold 45% of their money in the same securities at the same weight. Holdings dated Aug 31, 2026 and Oct 28, 2026.
half
45% 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 | QQQI | ISPY | QQQI | ISPY | QQQI |
| 3 months | +4.8% | +9.9% | 1.6% | 3.8% | −1.4 pts | +0.2 pts |
| 6 months | +7.3% | +7.8% | 3.3% | 7.2% | −1.7 pts | −2.1 pts |
| 1 year | +10.1% | +11.9% | 5.7% | 13.7% | −3.5 pts | −3.3 pts |
| Since launchNot the same days: ISPY Dec 2023 · QQQI Jan 2024 | +54.8% | +60.7% | 26.5% | 41.2% | −15.5 pts | −12.4 pts |
ISPY and QQQI are built for the same job. How do they differ in cost, holdings and results?
- Income paid. ISPY paid 5.7% and QQQI 13.7% (cash paid over 1 year, as a share of its price at the start), a gap of 8.0 points.
- What each is measured against. ISPY is measured against S&P 500 through SPY and QQQI against Nasdaq-100 through QQQ.
- Holdings in common. 45% 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.
QQQI
Over the year to Oct 28, 2026, QQQI paid 13.7% of its starting value in cash distributions while its price fell 2.8%. With every distribution reinvested, the fund returned +11.9%. Nasdaq-100 (QQQ) returned +15.2% over the same days, so a holder was behind by 3.3 pts. At its price on Oct 28, 2026 the latest distribution annualizes to 14.1%, paid monthly. NEOS estimates that 100% of the distribution paid Oct 23, 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, ISPY against QQQI, data as of Oct 28, 2026. https://etfiq.com/compare/income/ispy-vs-qqqi
ETFIQ. (Oct 28, 2026). ISPY against QQQI. Retrieved from https://etfiq.com/compare/income/ispy-vs-qqqi
[ISPY against QQQI (ETFIQ, Oct 28, 2026)](https://etfiq.com/compare/income/ispy-vs-qqqi)
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