Which is cheaper, ISPY or QVOL?

ISPY charges 0.55% a year and QVOL charges 0.82%, so ISPY is cheaper. Fees come from each fund's prospectus.

Data as of Nov 4, 2026.

Income ETFs

ISPY vs QVOL: Dividend Yield & Total Return

ISPY and QVOL both write options for income.

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Net assets: $1.2bn on Nov 4, 2026 for ProShares S&P 500 High Income ETF, and $49m on Aug 31, 2026 for Infrastructure Capital Nasdaq Option Income ETF.

ISPY on its own →QVOL on its own →

At a glance

6.2%

ISPY cash paid, 1 year

6.4%

QVOL cash paid, since launch, May 12, 2026

+11.3%

ISPY total return, 1 year

−7.8%

QVOL total return, since launch, May 12, 2026

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% 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.

QVOL · since launch to Nov 4, 2026 7 pts behind ONEQ

QVOL

−7.8%

ONEQ

−0.8%

7 pts behind ONEQ

QVOL since launch: paid 6.4%, price −13.6%, total −7.8%, ONEQ −0.8%, −7.0 pts. Data to Nov 4, 2026.

ONEQ

−0.8%

QVOL

−7.8%

7 pts behind ONEQ

Total return, distributions reinvested

7 pts behind ONEQ

QVOL since launch: paid 6.4%, price −13.6%, total −7.8%, ONEQ −0.8%, −7.0 pts. Data to Nov 4, 2026.

ONEQ

−0.8%

QVOL

−7.8%

7 pts behind ONEQ

6.4% of it arrived as cash. Both charts share one scale, with zero at the line. QVOL since launch: paid 6.4%, price −13.6%, total −7.8%, ONEQ −0.8%, −7.0 pts. Data to Nov 4, 2026.

Data to Nov 4, 2026.

Pair scorecard

ISPY costs 0.27 points a year less.

Points (pts) are percentage points.

ISPY vs QVOL: Dividend Yield & Total Return
Measure	ISPY	QVOL
Paid and earned
Measure	ISPY	QVOL
Total return, 1 year	+11.3%	not published
Price change	rose 4.8% (1 year)	fell 13.6% (since May 12, 2026)
Against its benchmark
Measure	ISPY	QVOL
Benchmark	S&P 500, measured through SPY	Fidelity Nasdaq Composite Index ETF, measured through ONEQ
Against its benchmark, same days	behind by 3.5 pts	behind by 7.0 pts
Cost and size
Measure	ISPY	QVOL
Expense ratio	0.55%	0.82%
Net assets, ISPY as of Nov 4, 2026 and QVOL as of Aug 31, 2026	$1.2bn	$49m
Holdings
Measure	ISPY	QVOL
Holdings in common	28%

Method

What they share

28%

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

50%

0 half 100%

half

28% in common

Positions both hold · largest shared weight first ISPY QVOL

Apple, Inc. 5.92% 4.21%

Amazon.com, Inc. 3.24% 3.90%

Alphabet, Inc. 2.53% 6.17%

Microsoft Corp. 4.80% 2.31%

Broadcom, Inc. 2.23% 6.42%

Meta Platforms, Inc. 1.60% 3.33%

Micron Technology, Inc. 1.38% 4.19%

Advanced Micro Devices, Inc. 0.98% 4.03%

Intel Corp. 0.56% 2.38%

Cisco Systems, Inc. 0.56% 1.98%

Palantir Technologies, Inc. 0.54% 1.38%

Lam Research Corp. 0.48% 1.61%

Only in one fund ↓

Only in ISPY

Alphabet, Inc. 2.02%

Tesla, Inc. 1.32%

JPMorgan Chase & Co. 1.22%

Berkshire Hathaway, Inc. 1.18%

Eli Lilly & Co. 1.16%

ExxonMobil Holdings Corp. 0.85%

Johnson & Johnson 0.81%

Visa, Inc. 0.80%

Only in QVOL

CoreWeave Inc 2.00%

ASML Holding NV 1.26%

MercadoLibre Inc 1.25%

PDD Holdings Inc 0.95%

Seagate Technology Holdings PL 0.82%

Nebius Group NV 0.45%

SPACEX 0.38%

GLOBALFOUNDRIES Inc 0.23%

Check overlap with more funds →

Side by side

ISPY ProShares S&P 500 High Income ETF · Option income on SPY, paying monthly QVOL Infrastructure Capital Nasdaq Option Income ETF · Option income on ONEQ, paying monthly

Issuer ProShares Infrastructure Capital

Strategy option income option income

Benchmark S&P 500 (SPY) Fidelity Nasdaq Composite Index ETF (ONEQ)

Pays monthly monthly

Payout rate, annualized 6.0% 15.3%

Expense ratio 0.55% 0.82%

Cash paid, 1 year 6.2% 6.4% (since launch, May 12, 2026)

Price change, 1 year +4.8% −13.6% (since launch, May 12, 2026)

Total return, 1 year +11.3% −7.8% (since launch, May 12, 2026)

Benchmark return, 1 year +14.8% −0.8% (since launch, May 12, 2026)

Ahead or behind −3.5 pts −7.0 pts (since launch, May 12, 2026)

Return of capital, latest estimate 87% not published

Age 2.9 years 176 days

Net assets, ISPY as of Nov 4, 2026 and QVOL as of Aug 31, 2026 $1.2bn $49m

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 QVOL: Dividend Yield & Total Return
	Total return		Cash paid		Against the benchmark
Window	ISPY	QVOL	ISPY	QVOL	ISPY	QVOL
3 months	−0.5%	−12.2%	1.5%	3.2%	−0.3 pts	−10.0 pts
6 months	+3.8%	–	3.1%	–	−1.2 pts	–
1 year	+11.3%	–	6.2%	–	−3.5 pts	–
Since launchNot the same days: ISPY Dec 2023 · QVOL May 2026	+54.0%	−7.8%	27.1%	6.4%	−15.1 pts	−7.0 pts

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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.

QVOL

Over the period from its first trade on May 12, 2026 to Nov 4, 2026, QVOL paid 6.4% of its starting value in cash distributions while its price fell 13.6%. With every distribution reinvested, the fund returned −7.8%. Fidelity Nasdaq Composite Index ETF (ONEQ) returned −0.8% over the same days, so a holder was behind by 7.0 pts. At its price on Nov 4, 2026 the latest distribution annualizes to 15.3%, paid monthly.

Questions people ask

Which is cheaper, ISPY or QVOL?: ISPY charges 0.55% a year and QVOL charges 0.82%, so ISPY is cheaper. Fees come from each fund's prospectus.

Other comparisons

ISPY vs VAIE ISPY vs YLDE ISPY vs SDVD ISPY vs RYLD QVOL vs ROCY QVOL vs KHPI QVOL vs PBP QVOL vs IVVW

Where to next

S&P 500 (SPY) →Fidelity Nasdaq Composite Index ETF (ONEQ) →All income ETFs ranked by the Distribution Coverage Score →How the scores are computed →ISPY on its own →QVOL on its own →ISPY dividend history →ISPY holdings →QVOL dividend history →QVOL 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 ↗

QVOL filings on SEC EDGAR ↗

QVOL prospectus with the expense ratio (SEC) ↗

Infrastructure Capital page for QVOL ↗

Links are sources, not endorsements. A comparison is not a recommendation.

How this is computed

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

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