Data as of Nov 4, 2026.
ISPY vs TCAL: Dividend Yield & Total Return
Over the year to Nov 4, 2026, TCAL paid 11.4% of its price in cash against ISPY’s 6.2% and the two finished level on total return.
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Net assets: $1.2bn on Nov 4, 2026 for ProShares S&P 500 High Income ETF, and $324m on Nov 3, 2026 for T. Rowe Price Capital Appreciation 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, 2026.3.4 pts behind its own stocks
TCAL over 1 year: paid 11.4%, price −1.2%, total +11.2%, its own stocks +14.6%, −3.4 pts. Data to Nov 4, 2026.
its own stocks
+14.6%
TCAL
+11.2%
11.4% of it arrived as cash
3.4 pts behind its own stocks
Total return, distributions reinvested
3.4 pts behind its own stocks
TCAL over 1 year: paid 11.4%, price −1.2%, total +11.2%, its own stocks +14.6%, −3.4 pts. Data to Nov 4, 2026.
its own stocks
+14.6%
TCAL
+11.2%
11.4% as cash
11.4% of it arrived as cash. Both charts share one scale, with zero at the line. TCAL over 1 year: paid 11.4%, price −1.2%, total +11.2%, its own stocks +14.6%, −3.4 pts. Data to Nov 4, 2026.
Data to Nov 4, 2026.Pair scorecard
TCAL costs 0.21 points a year less; their one-year returns differ by 0.1 points; ISPY is 3.4 times larger.
Points (pts) are percentage points.
| Measure | ISPY | TCAL |
|---|---|---|
| Paid and earned | ||
| Total return, 1 year | +11.3% | +11.2% |
| Price change, 1 year | rose 4.8% | fell 1.2% |
| Against its benchmark | ||
| Benchmark | S&P 500, measured through SPY | its own stocks |
| Cost and size | ||
| Expense ratio | 0.55% | 0.34% |
| Net assets, as of Nov 3, 2026 | $1.1bn | $324m |
| Holdings | ||
| Holdings in common | 20% | |
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
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 →
Risk and return
Apr 4, 2025 to Oct 30, 2026 · 82 weekly returnsFrom Apr 2025 to Oct 2026, ISPY returned more: +40.5% to +15.2%. TCAL swung less: 8.5% to 11.9%. TCAL fell less at its worst: −7.0% to −8.0%.
Full scorecard
9 measures, with how each is measured Open ↓
| Measure | ISPY | TCAL | Edge | How it is measured |
|---|---|---|---|---|
| Return | ||||
| Total return | +40.5% | +15.2% | ISPY | Price change plus distributions, reinvested. |
| Annualized | +24.0% | +9.4% | ISPY | Total return as a yearly rate. |
| Price return | +26.0% | −3.8% | ISPY | Price change alone, distributions left out. |
| Risk | ||||
| Volatility | 11.9% | 8.5% | TCAL | Spread of weekly returns, annualized. Lower is steadier. |
| Downside deviation | 6.8% | 5.7% | TCAL | Like volatility, counting only weeks below the Treasury bill rate. |
| Max drawdown | −8.0% | −7.0% | TCAL | Deepest fall from a high to the low after it. |
| Risk-adjusted | ||||
| Sharpe | 1.54 | 0.64 | ISPY | Return above Treasury bills per unit of volatility. |
| Sortino | 2.68 | 0.95 | ISPY | Return above Treasury bills per unit of downside deviation. |
| Calmar | 3.00 | 1.34 | ISPY | Annualized return divided by the max drawdown. |
Computed by ETFIQ from Tiingo daily prices and ETFIQ's distribution records, 82 weekly returns. Cash rate: the 13-week Treasury bill.
What they share
By the books each fund has filed, ISPY and TCAL hold 20% of their money in the same securities at the same weight. Holdings dated Jun 30, 2026 and Aug 31, 2026.
half
20% 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 | TCAL | ISPY | TCAL | ISPY | TCAL |
| 3 months | −0.5% | +5.3% | 1.5% | 2.6% | −0.3 pts | −1.8 pts |
| 6 months | +3.8% | +12.3% | 3.1% | 6.3% | −1.2 pts | −0.9 pts |
| 1 year | +11.3% | +11.2% | 6.2% | 11.4% | −3.5 pts | −3.5 pts |
| Since launchNot the same days: ISPY Dec 2023 · TCAL Mar 2025 | +54.0% | +12.0% | 27.1% | 16.9% | −15.1 pts | not measured |
Client brief:
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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.
TCAL
Over the year to Nov 4, 2026, TCAL paid 11.4% of its starting value in cash distributions while its price fell 1.2%. With every distribution reinvested, the fund returned +11.2%. TCAL's own stocks, without the options (from its filed holdings, rebalanced at each filing; latest Jun 30, 2026) returned +14.6% over the same days, so a holder was behind by 3.4 pts. At its price on Nov 4, 2026 the latest distribution annualizes to 13.0%, paid monthly.
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 TCAL, data as of Nov 4, 2026. https://etfiq.com/compare/income/ispy-vs-tcal
ETFIQ. (Nov 4, 2026). ISPY against TCAL. Retrieved from https://etfiq.com/compare/income/ispy-vs-tcal
[ISPY against TCAL (ETFIQ, Nov 4, 2026)](https://etfiq.com/compare/income/ispy-vs-tcal)
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