Which paid more, ISPY or SCLZ?

Over the year to Nov 4, 2026, ISPY paid 6.2% of its starting price in cash and SCLZ paid 8.5%, so SCLZ 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 SCLZ?

With every distribution reinvested, ISPY returned +11.3% and SCLZ +10.6% over the year to Nov 4, 2026.

Which is cheaper, ISPY or SCLZ?

ISPY charges 0.55% a year and SCLZ charges 0.79%, so ISPY is cheaper. Fees come from each fund's prospectus.

Data as of Nov 4, 2026.

Income ETFs

ISPY vs SCLZ: Dividend Yield & Total Return

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Over the year to Nov 4, 2026, SCLZ paid 8.5% of its price in cash against ISPY’s 6.2%, though ISPY returned more with it reinvested.

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Net assets: $1.2bn on Nov 4, 2026 for ProShares S&P 500 High Income ETF, and $20m on Jun 30, 2026 for Swan Enhanced Dividend Income ETF.

ISPY on its own →SCLZ on its own →

At a glance

6.2%

ISPY cash paid, 1 year

8.5%

SCLZ cash paid, 1 year

+11.3%

ISPY total return, 1 year

+10.6%

SCLZ 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.

SCLZ · 1 year to Nov 4, 2026 4.2 pts behind SPY

SCLZ

+10.6%

SPY

+14.8%

4.2 pts behind SPY

SCLZ over 1 year: paid 8.5%, price +1.6%, total +10.6%, SPY +14.8%, −4.2 pts. Data to Nov 4, 2026.

SPY

+14.8%

SCLZ

+10.6%

8.5% of it arrived as cash

4.2 pts behind SPY

Total return, distributions reinvested

4.2 pts behind SPY

SCLZ over 1 year: paid 8.5%, price +1.6%, total +10.6%, SPY +14.8%, −4.2 pts. Data to Nov 4, 2026.

SPY

+14.8%

SCLZ

+10.6%

8.5% cash

4.2 pts behind SPY

8.5% of it arrived as cash. Both charts share one scale, 0 to +14.8%. SCLZ over 1 year: paid 8.5%, price +1.6%, total +10.6%, SPY +14.8%, −4.2 pts. Data to Nov 4, 2026.

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

Pair scorecard

ISPY costs 0.24 points a year less; their one-year returns differ by 0.7 points.

Points (pts) are percentage points.

ISPY vs SCLZ: Dividend Yield & Total Return
Measure	ISPY	SCLZ
Paid and earned
Measure	ISPY	SCLZ
Total return, 1 year	+11.3%	+10.6%
Price change, 1 year	rose 4.8%	rose 1.6%
Against its benchmark
Measure	ISPY	SCLZ
Benchmark	S&P 500, measured through SPY	S&P 500, measured through SPY
Cost and size
Measure	ISPY	SCLZ
Expense ratio	0.55%	0.79%
Net assets, ISPY as of Nov 4, 2026 and SCLZ as of Jun 30, 2026	$1.2bn	$20m
Holdings
Measure	ISPY	SCLZ
Holdings in common	43%

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

IQ Income Score83.5ISPY71.6SCLZ

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

SCLZ 71.6

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

43%

By the books each fund has filed, ISPY and SCLZ hold 43% of their money in the same securities at the same weight. Holdings dated Jun 30, 2026 and Aug 31, 2026.

50%

0 half 100%

half

43% in common

Positions both hold · largest shared weight first ISPY SCLZ

NVIDIA Corp. 6.80% 6.03%

Apple, Inc. 5.92% 6.20%

Microsoft Corp. 4.80% 3.74%

Amazon.com, Inc. 3.24% 3.77%

Alphabet, Inc. 2.53% 5.22%

Broadcom, Inc. 2.23% 4.74%

Meta Platforms, Inc. 1.60% 3.36%

Micron Technology, Inc. 1.38% 7.95%

Tesla, Inc. 1.32% 1.81%

Berkshire Hathaway, Inc. 1.18% 3.12%

Eli Lilly & Co. 1.16% 3.88%

Advanced Micro Devices, Inc. 0.98% 5.18%

Only in one fund ↓

Only in ISPY

Alphabet, Inc. 2.02%

JPMorgan Chase & Co. 1.22%

ExxonMobil Holdings Corp. 0.85%

Intel Corp. 0.56%

Bank of America Corp. 0.52%

Lam Research Corp. 0.48%

Applied Materials, Inc. 0.46%

UnitedHealth Group, Inc. 0.45%

Only in SCLZ

JP MORGAN CHASE & COMPANY 3.53%

GE AEROSPACE 2.76%

EXXON MOBIL CORP 1.94%

TJX COMPANIES INC (THE) 0.85%

LOWE'S COMPANIES INC 0.66%

WILLIAMS COMPANIES INC (THE) 0.30%

SOLSTICE ADVANCED MATERIALS INC 0.04%

Check overlap with more funds →

Side by side

ISPY ProShares S&P 500 High Income ETF · Option income on SPY, paying monthly SCLZ Swan Enhanced Dividend Income ETF · Dividend stocks with call overlay on SPY, paying monthly

Issuer ProShares Swan

Strategy option income dividend stocks with call overlay

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

Pays monthly monthly

Payout rate, annualized 6.0% 8.7%

Expense ratio 0.55% 0.79%

Cash paid, 1 year 6.2% 8.5%

Price change, 1 year +4.8% +1.6%

Total return, 1 year +11.3% +10.6%

Benchmark return, 1 year +14.8% +14.8%

Ahead or behind −3.5 pts −4.2 pts

Return of capital, latest estimate 87% not published

Age 2.9 years 2.7 years

Net assets, ISPY as of Nov 4, 2026 and SCLZ as of Jun 30, 2026 $1.2bn $20m

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 SCLZ: Dividend Yield & Total Return
	Total return		Cash paid		Against the benchmark
Window	ISPY	SCLZ	ISPY	SCLZ	ISPY	SCLZ
3 months	−0.5%	0.0%	1.5%	2.1%	−0.3 pts	+0.2 pts
6 months	+3.8%	+4.4%	3.1%	4.3%	−1.2 pts	−0.6 pts
1 year	+11.3%	+10.6%	6.2%	8.5%	−3.5 pts	−4.2 pts
Since launchNot the same days: ISPY Dec 2023 · SCLZ Feb 2024	+54.0%	+35.4%	27.1%	21.2%	−15.1 pts	−20.8 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.

SCLZ

Over the year to Nov 4, 2026, SCLZ paid 8.5% of its starting value in cash distributions while its price rose 1.6%. With every distribution reinvested, the fund returned +10.6%. S&P 500 (SPY) returned +14.8% over the same days, so a holder was behind by 4.2 pts. At its price on Nov 4, 2026 the latest distribution annualizes to 8.7%, paid monthly.

Questions people ask

Which paid more, ISPY or SCLZ?: Over the year to Nov 4, 2026, ISPY paid 6.2% of its starting price in cash and SCLZ paid 8.5%, so SCLZ 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 SCLZ?: With every distribution reinvested, ISPY returned +11.3% and SCLZ +10.6% over the year to Nov 4, 2026.
Which is cheaper, ISPY or SCLZ?: ISPY charges 0.55% a year and SCLZ charges 0.79%, so ISPY is cheaper. Fees come from each fund's prospectus.

Other comparisons

ISPY vs TPRY ISPY vs QUSA ISPY vs DRKY ISPY vs JULH SCLZ vs XDTE SCLZ vs SEPI SCLZ vs XSPI SCLZ vs JOYT

Where to next

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

SCLZ filings on SEC EDGAR ↗

SCLZ prospectus with the expense ratio (SEC) ↗

Swan 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 SCLZ, data as of Nov 4, 2026. https://etfiq.com/compare/income/ispy-vs-sclz

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