Which paid more, ISPY or QXQ?

Over the year to Nov 12, 2026, ISPY paid 6.2% of its starting price in cash and QXQ paid 15.1%, so QXQ 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 QXQ?

With every distribution reinvested, ISPY returned +9.5% and QXQ +12.1% over the year to Nov 12, 2026.

Which is cheaper, ISPY or QXQ?

ISPY charges 0.55% a year and QXQ charges 0.98%, so ISPY is cheaper. Fees come from each fund's prospectus.

Data as of Nov 12, 2026.

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ISPY vs QXQ: Dividend Yield & Total Return

Return, fees and overlap, side by side.

Return gap

+2.6 pts

1 year to Nov 12, 2026: QXQ ahead, total return

Fee gap

0.43 pts

A year: ISPY 0.55%, QXQ 0.98%, per filings dated Jan 5, 2026 and Sep 25, 2026

Overlap

–

No book read for both funds

Net flow

–

Needs daily flows for both funds

Pair scorecard

ISPY costs 0.43 points a year less; their one-year returns differ by 2.6 points.

Points (pts) are percentage points.

ISPY vs QXQ: Dividend Yield & Total Return
Measure	ISPY	QXQ
Paid and earned
Measure	ISPY	QXQ
Total return, 1 year	+9.5%	+12.1%
Price change, 1 year	rose 3.1%	fell 4.7%
Against its benchmark
Measure	ISPY	QXQ
Benchmark	S&P 500, measured through SPY	Nasdaq-100, measured through QQQ
Cost and size
Measure	ISPY	QXQ
Expense ratio	0.55%	0.98%
Net assets, ISPY as of Nov 12, 2026 and QXQ as of Aug 31, 2026	$1.1bn	$82m
Holdings
Measure	ISPY	QXQ
Holdings in common	not published

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

IQ Income Score84.5ISPY52QXQ

How much of its payouts the fund's total return covered, ranked against 171 income ETFs not writing on a single company. 100 is best. How it is computed

ISPY 84.5

QXQ 52

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

Key numbers

6.2%

ISPY cash paid, 1 year

15.1%

QXQ cash paid, 1 year

+9.5%

ISPY total return, 1 year

+12.1%

QXQ total return, 1 year

ISPY · 1 year to Nov 12, 2026 2.5 pts behind SPY

ISPY

+9.5%

SPY

+12.0%

2.5 pts behind SPY

ISPY over 1 year: paid 6.2%, price +3.1%, total +9.5%, SPY +12.0%, −2.5 pts. Data to Nov 12, 2026.

SPY

+12.0%

ISPY

+9.5%

6.2% of it arrived as cash

2.5 pts behind SPY

Total return, distributions reinvested

2.5 pts behind SPY

ISPY over 1 year: paid 6.2%, price +3.1%, total +9.5%, SPY +12.0%, −2.5 pts. Data to Nov 12, 2026.

SPY

+12.0%

ISPY

+9.5%

6.2% cash

2.5 pts behind SPY

6.2% of it arrived as cash. Total return, distributions reinvested. ISPY over 1 year: paid 6.2%, price +3.1%, total +9.5%, SPY +12.0%, −2.5 pts. Data to Nov 12, 2026.

Data to Nov 12, 2026.

QXQ · 1 year to Nov 12, 2026 0.8 pts ahead of QQQ

QXQ

+12.1%

QQQ

+11.3%

0.8 pts ahead of QQQ

QXQ over 1 year: paid 15.1%, price −4.7%, total +12.1%, QQQ +11.3%, +0.8 pts. Data to Nov 12, 2026.

QQQ

+11.3%

QXQ

+12.1%

15.1% of it arrived as cash

0.8 pts ahead of QQQ

Total return, distributions reinvested

0.8 pts ahead of QQQ

QXQ over 1 year: paid 15.1%, price −4.7%, total +12.1%, QQQ +11.3%, +0.8 pts. Data to Nov 12, 2026.

QQQ

+11.3%

QXQ

+12.1%

15.1% as cash

0.8 pts ahead of QQQ

15.1% of it arrived as cash. Both charts share one scale, with zero at the line. QXQ over 1 year: paid 15.1%, price −4.7%, total +12.1%, QQQ +11.3%, +0.8 pts. Data to Nov 12, 2026.

Data to Nov 12, 2026.

Side by side

ISPY ProShares S&P 500 High Income ETF · Option income on SPY, paying monthly QXQ SGI Enhanced Nasdaq-100 ETF · Covered call on QQQ, paying quarterly

Issuer ProShares SGI

Strategy option income covered call

Benchmark S&P 500 (SPY) Nasdaq-100 (QQQ)

Pays monthly quarterly

Payout rate, annualized 6.0% 1.0%

Expense ratio 0.55% 0.98%

Cash paid, 1 year 6.2% 15.1%

Price change, 1 year +3.1% −4.7%

Total return, 1 year +9.5% +12.1%

Benchmark return, 1 year +12.0% +11.3%

Ahead or behind −2.5 pts +0.8 pts

Return of capital, latest estimate 87% not published

Age 2.9 years 2.4 years

Net assets, ISPY as of Nov 12, 2026 and QXQ as of Aug 31, 2026 $1.1bn $82m

As of Nov 12, 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 QXQ: Dividend Yield & Total Return
	Total return		Cash paid		Against the benchmark
Window	ISPY	QXQ	ISPY	QXQ	ISPY	QXQ
3 months	−2.6%	−5.4%	1.5%	0.2%	−0.1 pts	+0.5 pts
6 months	+0.4%	−3.8%	3.0%	0.5%	−1.3 pts	+0.4 pts
1 year	+9.5%	+12.1%	6.2%	15.1%	−2.5 pts	+0.8 pts
Since launchNot the same days: ISPY Dec 2023 · QXQ Jun 2024	+52.1%	+47.7%	27.1%	22.8%	−14.9 pts	+2.2 pts

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Alert

About each fund

ISPY

Over the year to Nov 12, 2026, ISPY paid 6.2% of its starting value in cash distributions while its price rose 3.1%. With every distribution reinvested, the fund returned +9.5%. S&P 500 (SPY) returned +12.0% over the same days, so a holder was behind by 2.5 pts. At its price on Nov 12, 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.

QXQ

Over the year to Nov 12, 2026, QXQ paid 15.1% of its starting value in cash distributions while its price fell 4.7%. With every distribution reinvested, the fund returned +12.1%. Nasdaq-100 (QQQ) returned +11.3% over the same days, so a holder was ahead by 0.8 pts. At its price on Nov 12, 2026 the latest distribution annualizes to 1.0%, paid quarterly.

Questions people ask

Which paid more, ISPY or QXQ?: Over the year to Nov 12, 2026, ISPY paid 6.2% of its starting price in cash and QXQ paid 15.1%, so QXQ 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 QXQ?: With every distribution reinvested, ISPY returned +9.5% and QXQ +12.1% over the year to Nov 12, 2026.
Which is cheaper, ISPY or QXQ?: ISPY charges 0.55% a year and QXQ charges 0.98%, so ISPY is cheaper. Fees come from each fund's prospectus.

Other comparisons

ISPY vs QRMI ISPY vs QLDY ISPY vs BALQ ISPY vs QQQY QXQ vs TPRY QXQ vs OMAH QXQ vs ROCY QXQ vs KHPI

Where to next

S&P 500 (SPY) →Nasdaq-100 (QQQ) →ISPY on its own →QXQ on its own →ISPY dividend history →ISPY holdings →QXQ dividend history →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 ↗

QXQ filings on SEC EDGAR ↗

QXQ prospectus with the expense ratio (SEC) ↗

SGI 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.

Every number is an ETFIQ calculation with distributions reinvested.

Cite this pageCitation, APA and Markdown

ETFIQ, ISPY against QXQ, data as of Nov 12, 2026. https://etfiq.com/compare/income/ispy-vs-qxq

Open data →

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

Net assets: $1.1bn on Nov 12, 2026 for ProShares S&P 500 High Income ETF, and $82m on Aug 31, 2026 for SGI Enhanced Nasdaq-100 ETF.

ISPY on its own →QXQ on its own →

Growth of 100

ISPY and QXQ

Total return, distributions reinvested, 1 year.

ISPY +9.5%QXQ +12.1%

Nov 12, 2025Nov 12, 2026

ISPY +9.5%, QXQ +12.1%: QXQ +2.6 pts ahead, 1 year, Nov 12, 2025 to Nov 12, 2026.