Which is cheaper, ISPY or TPRY?

ISPY charges 0.55% a year and TPRY charges 0.95%, so ISPY is cheaper. Fees come from each fund's prospectus.

Data as of Nov 4, 2026.

Income ETFs

ISPY vs TPRY: Dividend Yield & Total Return

ISPY and TPRY 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 $3.3m on Nov 3, 2026 for VistaShares Target 15 TEPRTantrum Contrarian Distribution ETF.

ISPY on its own →TPRY on its own →

At a glance

6.2%

ISPY cash paid, 1 year

9.7%

TPRY cash paid, since launch, Feb 26, 2026

+11.3%

ISPY total return, 1 year

−7.2%

TPRY total return, since launch, Feb 26, 2026

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% 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.

TPRY · since launch to Nov 4, 2026 19.3 pts behind SPY

TPRY

−7.2%

SPY

+12.1%

19.3 pts behind SPY

TPRY since launch: paid 9.7%, price −16.1%, total −7.2%, SPY +12.1%, −19.3 pts. Data to Nov 4, 2026.

SPY

+12.1%

TPRY

−7.2%

19.3 pts behind SPY

Total return, distributions reinvested

19.3 pts behind SPY

TPRY since launch: paid 9.7%, price −16.1%, total −7.2%, SPY +12.1%, −19.3 pts. Data to Nov 4, 2026.

SPY

+12.1%

TPRY

−7.2%

19.3 pts behind SPY

9.7% of it arrived as cash. Both charts share one scale, with zero at the line. TPRY since launch: paid 9.7%, price −16.1%, total −7.2%, SPY +12.1%, −19.3 pts. Data to Nov 4, 2026.

Data to Nov 4, 2026.

Pair scorecard

ISPY costs 0.40 points a year less; ISPY is far larger, $1.1bn against $3.3m.

Points (pts) are percentage points.

ISPY vs TPRY: Dividend Yield & Total Return
Measure	ISPY	TPRY
Paid and earned
Measure	ISPY	TPRY
Total return, 1 year	+11.3%	not published
Price change	rose 4.8% (1 year)	fell 16.1% (since Feb 26, 2026)
Return of capital, issuer estimate	87% of the Nov 6, 2026 payment	19% of the Oct 27, 2026 payment
Against its benchmark
Measure	ISPY	TPRY
Benchmark	S&P 500, measured through SPY	S&P 500, measured through SPY
Cost and size
Measure	ISPY	TPRY
Expense ratio	0.55%	0.95%
Net assets, as of Nov 3, 2026	$1.1bn	$3.3m
Holdings
Measure	ISPY	TPRY
Holdings in common	22%

Method

What they share

22%

By the books each fund has filed, ISPY and TPRY hold 22% of their money in the same securities at the same weight. Holdings dated Aug 31, 2026 and Nov 4, 2026.

50%

0 half 100%

half

22% in common

Positions both hold · largest shared weight first ISPY TPRY

Apple, Inc. 5.92% 5.64%

NVIDIA Corp. 6.80% 4.34%

Amazon.com, Inc. 3.24% 14.29%

Alphabet, Inc. 2.02% 6.34%

Meta Platforms, Inc. 1.60% 5.56%

Broadcom, Inc. 2.23% 1.49%

Micron Technology, Inc. 1.38% 11.36%

Advanced Micro Devices, Inc. 0.98% 3.54%

Lam Research Corp. 0.48% 3.44%

QUALCOMM, Inc. 0.23% 1.48%

Boeing Co. (The) 0.21% 4.22%

Uber Technologies, Inc. 0.20% 5.69%

Only in one fund ↓

Only in ISPY

Microsoft Corp. 4.80%

Alphabet, Inc. 2.53%

Tesla, Inc. 1.32%

JPMorgan Chase & Co. 1.22%

Berkshire Hathaway, Inc. 1.18%

Eli Lilly & Co. 1.16%

ExxonMobil Holdings Corp. 0.85%

Johnson & Johnson 0.81%

Only in TPRY

Taiwan Semiconductor Manufacturing Co Ltd 8.48%

Alibaba Group Holding Ltd 4.55%

American Airlines Group Inc 3.95%

Baidu Inc 3.66%

ASML Holding NV 2.58%

CoreWeave Inc 1.77%

MU US 11/20/26 P830 0.74%

META US 11/20/26 P690 0.38%

Check overlap with more funds →

Side by side

ISPY ProShares S&P 500 High Income ETF · Option income on SPY, paying monthly TPRY VistaShares Target 15 TEPRTantrum Contrarian Distribution ETF · Covered call on SPY, paying monthly

Issuer ProShares VistaShares

Strategy option income covered call

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

Pays monthly monthly

Payout rate, annualized 6.0% 15.7%

Expense ratio 0.55% 0.95%

Cash paid, 1 year 6.2% 9.7% (since launch, Feb 26, 2026)

Price change, 1 year +4.8% −16.1% (since launch, Feb 26, 2026)

Total return, 1 year +11.3% −7.2% (since launch, Feb 26, 2026)

Benchmark return, 1 year +14.8% +12.1% (since launch, Feb 26, 2026)

Ahead or behind −3.5 pts −19.3 pts (since launch, Feb 26, 2026)

Return of capital, latest estimate 87% 19%

Age 2.9 years 251 days

Net assets, ISPY as of Nov 4, 2026 and TPRY as of Nov 3, 2026 $1.2bn $3.3m

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 TPRY: Dividend Yield & Total Return
	Total return		Cash paid		Against the benchmark
Window	ISPY	TPRY	ISPY	TPRY	ISPY	TPRY
3 months	−0.5%	−9.7%	1.5%	3.6%	−0.3 pts	−9.5 pts
6 months	+3.8%	−14.1%	3.1%	6.9%	−1.2 pts	−19.1 pts
1 year	+11.3%	–	6.2%	–	−3.5 pts	–
Since launchNot the same days: ISPY Dec 2023 · TPRY Feb 2026	+54.0%	−7.2%	27.1%	9.7%	−15.1 pts	−19.3 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.

TPRY

Over the period from its first trade on Feb 26, 2026 to Nov 4, 2026, TPRY paid 9.7% of its starting value in cash distributions while its price fell 16.1%. With every distribution reinvested, the fund returned −7.2%. S&P 500 (SPY) returned +12.1% over the same days, so a holder was behind by 19.3 pts. At its price on Nov 4, 2026 the latest distribution annualizes to 15.7%, paid monthly. VistaShares estimates that 19% of the distribution paid Oct 27, 2026 was a return of capital (its 19a-1 notice).

Questions people ask

Which is cheaper, ISPY or TPRY?: ISPY charges 0.55% a year and TPRY charges 0.95%, so ISPY is cheaper. Fees come from each fund's prospectus.

Other comparisons

ISPY vs SPYI ISPY vs NLSI ISPY vs JANH ISPY vs JULJ TPRY vs KHPI TPRY vs XYLD TPRY vs IVVW TPRY vs XDTE

Where to next

S&P 500 (SPY) →All income ETFs ranked by the Distribution Coverage Score →How the scores are computed →ISPY on its own →TPRY on its own →ISPY dividend history →ISPY holdings →TPRY dividend history →TPRY 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 ↗

TPRY filings on SEC EDGAR ↗

TPRY prospectus with the expense ratio (SEC) ↗

TPRY 19a-1 distribution notice ↗

VistaShares page for TPRY ↗

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 TPRY, data as of Nov 4, 2026. https://etfiq.com/compare/income/ispy-vs-tpry

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