Data as of Nov 4, 2026.
ISPY vs TPAY: Dividend Yield & Total Return
ISPY and TPAY both write options for income.
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Net assets on Nov 4, 2026: $1.2bn for ProShares S&P 500 High Income ETF and $2.1m for Roundhill S&P 500 Target 10 Managed Distribution 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, 2026.1 pt behind VOO
TPAY since launch: paid 6.6%, price +4.6%, total +11.6%, VOO +12.6%, −1.0 pts. Data to Nov 4, 2026.
VOO
+12.6%
TPAY
+11.6%
6.6% of it arrived as cash
1 pt behind VOO
Total return, distributions reinvested
1 pt behind VOO
TPAY since launch: paid 6.6%, price +4.6%, total +11.6%, VOO +12.6%, −1.0 pts. Data to Nov 4, 2026.
VOO
+12.6%
TPAY
+11.6%
1 pt behind VOO
6.6% of it arrived as cash. Both charts share one scale, 0 to +14.8%. TPAY since launch: paid 6.6%, price +4.6%, total +11.6%, VOO +12.6%, −1.0 pts. Data to Nov 4, 2026.
Both charts share one scale, 0 to +14.8%. Data to Nov 4, 2026.Pair scorecard
TPAY costs 0.06 points a year less; ISPY is far larger, $1.2bn against $2.1m.
Points (pts) are percentage points.
| Measure | ISPY | TPAY |
|---|---|---|
| Paid and earned | ||
| Total return, 1 year | +11.3% | not published |
| Price change | rose 4.8% (1 year) | rose 4.6% (since Feb 18, 2026) |
| Return of capital, issuer estimate | 87% of the Nov 6, 2026 payment | 100% of the Oct 15, 2026 payment |
| Against its benchmark | ||
| Benchmark | S&P 500, measured through SPY | Vanguard S&P 500 ETF, measured through VOO |
| Against its benchmark, same days | behind by 3.5 pts | behind by 1.0 pts |
| Cost and size | ||
| Expense ratio | 0.55% | 0.49% |
| Net assets | $1.2bn | $2.1m |
| Holdings | ||
| Holdings in common | 0% | |
What they share
By the books each fund has filed, ISPY and TPAY hold 0% of their money in the same securities at the same weight. Holdings dated Aug 31, 2026 and Nov 4, 2026.
half
0% 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 | TPAY | ISPY | TPAY | ISPY | TPAY |
| 3 months | −0.5% | −0.8% | 1.5% | 2.3% | −0.3 pts | −0.7 pts |
| 6 months | +3.8% | +4.2% | 3.1% | 4.7% | −1.2 pts | −0.8 pts |
| 1 year | +11.3% | – | 6.2% | – | −3.5 pts | – |
| Since launchNot the same days: ISPY Dec 2023 · TPAY Feb 2026 | +54.0% | +11.6% | 27.1% | 6.6% | −15.1 pts | −1.1 pts |
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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.
TPAY
Over the period from its first trade on Feb 18, 2026 to Nov 4, 2026, TPAY paid 6.6% of its starting value in cash distributions while its price rose 4.6%. With every distribution reinvested, the fund returned +11.6%. Vanguard S&P 500 ETF (VOO) returned +12.6% over the same days, so a holder was behind by 1.0 pts. At its price on Nov 4, 2026 the latest distribution annualizes to 9.5%, paid monthly. Roundhill estimates that 100% of the distribution paid Oct 15, 2026 was a return of capital (its 19a-1 notice).
Questions people ask
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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.
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ETFIQ, ISPY against TPAY, data as of Nov 4, 2026. https://etfiq.com/compare/income/ispy-vs-tpay
ETFIQ. (Nov 4, 2026). ISPY against TPAY. Retrieved from https://etfiq.com/compare/income/ispy-vs-tpay
[ISPY against TPAY (ETFIQ, Nov 4, 2026)](https://etfiq.com/compare/income/ispy-vs-tpay)
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