Data as of Nov 4, 2026.
ISPY vs SCEP: Dividend Yield & Total Return
ISPY and SCEP 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 $235m on Jun 30, 2026 for STERLING CAPITAL HEDGED EQUITY PREMIUM INCOME ETF.
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.Not measured
SCEP since launch: paid 6.1%, price −1.0%, total +5.3%, not measured against a benchmark. Data to Nov 4, 2026.
SCEP
+5.3%
6.1% of it arrived as cash
Total return, distributions reinvested
Not measured
SCEP since launch: paid 6.1%, price −1.0%, total +5.3%, not measured against a benchmark. Data to Nov 4, 2026.
SCEP
+5.3%
6.1% of it arrived as cash. Both charts share one scale, with zero at the line. SCEP since launch: paid 6.1%, price −1.0%, total +5.3%, not measured against a benchmark. Data to Nov 4, 2026.
Data to Nov 4, 2026.Pair scorecard
ISPY costs 0.10 points a year less.
Points (pts) are percentage points.
| Measure | ISPY | SCEP |
|---|---|---|
| Paid and earned | ||
| Total return, 1 year | +11.3% | not published |
| Price change | rose 4.8% (1 year) | fell 1.1% (6 months) |
| Return of capital, issuer estimate | 87% of the Nov 6, 2026 payment | 100% of the Oct 5, 2026 payment |
| Against its benchmark | ||
| Benchmark | S&P 500, measured through SPY | its own stocks |
| Cost and size | ||
| Expense ratio | 0.55% | 0.65% |
| Net assets, ISPY as of Nov 4, 2026 and SCEP as of Jun 30, 2026 | $1.2bn | $235m |
| Holdings | ||
| Holdings in common | 36% | |
What they share
By the books each fund has filed, ISPY and SCEP hold 36% of their money in the same securities at the same weight. Holdings dated Jun 30, 2026 and Aug 31, 2026.
half
36% in common
Only in one fund ↓
Side by side
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
| Total return | Cash paid | Against the benchmark | ||||
|---|---|---|---|---|---|---|
| Window | ISPY | SCEP | ISPY | SCEP | ISPY | SCEP |
| 3 months | −0.5% | −1.2% | 1.5% | 1.7% | −0.3 pts | +0.8 pts |
| 6 months | +3.8% | +2.4% | 3.1% | 3.5% | −1.2 pts | +0.4 pts |
| 1 year | +11.3% | – | 6.2% | – | −3.5 pts | – |
| Since launchNot the same days: ISPY Dec 2023 · SCEP Dec 2025 | +54.0% | +5.3% | 27.1% | 6.1% | −15.1 pts | not measured |
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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.
SCEP's own stocks, without the options (from its filed holdings, rebalanced at each filing; latest Jun 30, 2026) returned +2.1% over the same days, so a holder was about even.
Over the 6 months to Nov 4, 2026, SCEP paid 3.5% of its starting value in cash distributions while its price fell 1.1%. With every distribution reinvested, the fund returned +2.4%. At its price on Nov 4, 2026 the latest distribution annualizes to 7.0%, paid monthly. Sterling Capital estimates that 100% of the distribution paid Oct 5, 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
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 SCEP, data as of Nov 4, 2026. https://etfiq.com/compare/income/ispy-vs-scep
ETFIQ. (Nov 4, 2026). ISPY against SCEP. Retrieved from https://etfiq.com/compare/income/ispy-vs-scep
[ISPY against SCEP (ETFIQ, Nov 4, 2026)](https://etfiq.com/compare/income/ispy-vs-scep)
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