Which is cheaper, ISPY or VAIE?

ISPY charges 0.55% a year and VAIE charges 0.74%, so ISPY is cheaper. Fees come from each fund's prospectus.

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ISPY vs VAIE: Dividend Yield & Total Return

ISPY and VAIE both write options for income. Net assets: $1.2bn on Oct 20, 2026 for ProShares S&P 500 High Income ETF, and $67m on Oct 19, 2026 for VegaShares US Equity Autocallable Income ETF.

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Answers cite the figures on this page.

ISPY costs 0.19 points a year less; ISPY is 17.4 times larger.

Points (pts) are percentage points.

ISPY vs VAIE: Dividend Yield & Total Return
	ISPY	VAIE
Expense ratio	0.55%	0.74%
Net assets, as of Oct 19, 2026	$1.2bn	$67m
Total return, 1 year	+12.1%	not published
Benchmark	S&P 500, measured through SPY	not published
Holdings in common	not published
Price change	rose 6.0% (1 year)	fell 3.6% (since May 12, 2026)

5.8%

ISPY cash paid, 1 year

6.8%

VAIE cash paid, since launch, May 12, 2026

+12.1%

ISPY total return, 1 year

+3.3%

VAIE total return, since launch, May 12, 2026

ISPY · 1 year to Oct 20, 20263.7 pts behind SPY

ISPY

+12.1%

SPY

+15.8%

3.7 pts behind SPY

ISPY over 1 year: paid 5.8%, price +6.0%, total +12.1%, SPY +15.8%, −3.7 pts. Figures to Oct 20, 2026.

SPY

+15.8%

ISPY

+12.1%

5.8% of it arrived as cash

3.7 pts behind SPY

Total return, distributions reinvested

3.7 pts behind SPY

ISPY over 1 year: paid 5.8%, price +6.0%, total +12.1%, SPY +15.8%, −3.7 pts. Figures to Oct 20, 2026.

SPY

+15.8%

ISPY

+12.1%

3.7 pts behind SPY

5.8% of it arrived as cash. Total return, distributions reinvested. ISPY over 1 year: paid 5.8%, price +6.0%, total +12.1%, SPY +15.8%, −3.7 pts. Figures to Oct 20, 2026.

Figures to Oct 20, 2026.

VAIE · since launch to Oct 20, 2026Not measured

VAIE

+3.3%

none

Not measured

VAIE since launch: paid 6.8%, price −3.6%, total +3.3%, not measured against a benchmark. Figures to Oct 20, 2026.

VAIE

+3.3%

6.8% as cash

Total return, distributions reinvested

Not measured

VAIE since launch: paid 6.8%, price −3.6%, total +3.3%, not measured against a benchmark. Figures to Oct 20, 2026.

VAIE

+3.3%

6.8% of it arrived as cash. Both charts share one scale, with zero at the line. VAIE since launch: paid 6.8%, price −3.6%, total +3.3%, not measured against a benchmark. Figures to Oct 20, 2026.

Figures to Oct 20, 2026.

Performance, window by window

Performance, window by window: ISPY vs VAIE: Dividend Yield & Total Return
	Total return		Cash paid		Against the benchmark
Window	ISPY	VAIE	ISPY	VAIE	ISPY	VAIE
3 months	+1.7%	+2.5%	1.5%	4.1%	−1.3 pts	not measured
6 months	+8.1%	–	3.3%	–	−1.7 pts	–
1 year	+12.1%	–	5.8%	–	−3.7 pts	–
Since launch Not the same days: ISPY Dec 2023 · VAIE May 2026	+54.1%	+3.3%	26.5%	6.8%	−15.5 pts	not measured

Source: ETFIQ. – means no data for this window, usually because the fund is younger than it. Open this comparison in the app →

On the same fields

ISPY

ProShares S&P 500 High Income ETF · Option income on SPY, paying monthly

VAIE

VegaShares US Equity Autocallable Income ETF · Autocallable, paying weekly

Issuer ProShares VegaShares

Strategy option income autocallable

Benchmark S&P 500 (SPY) none

Pays monthly weekly

Payout rate, annualized 6.3% 16.8%

Expense ratio 0.55% 0.74%

Cash paid, 1 year 5.8% 6.8% (since launch, May 12, 2026)

Price change, 1 year +6.0% −3.6% (since launch, May 12, 2026)

Total return, 1 year +12.1% +3.3% (since launch, May 12, 2026)

Benchmark return, 1 year +15.8% not published

Ahead or behind −3.7 pts not available

Return of capital, latest estimate not published not published

Age 2.8 years 161 days

Net assets, ISPY as of Oct 20, 2026 and VAIE as of Oct 19, 2026 $1.2bn $67m

As of Oct 20, 2026. Source: ETFIQ. Cash paid is what the fund distributed over the window, as a share of its price at the start. Payout rate is its latest payment, annualized, over today’s price.

About ISPY

Over the year to Oct 20, 2026, ISPY paid 5.8% of its starting value in cash distributions while its price rose 6.0%. With every distribution reinvested, the fund returned +12.1%. S&P 500 (SPY) returned +15.8% over the same days, so a holder was behind by 3.7 pts. At its price on Oct 20, 2026 the latest distribution annualizes to 6.3%, paid monthly.

About VAIE

Over the period from its first trade on May 12, 2026 to Oct 20, 2026, VAIE paid 6.8% of its starting value in cash distributions while its price fell 3.6%. With every distribution reinvested, the fund returned +3.3%. At its price on Oct 20, 2026 the latest distribution annualizes to 16.8%, paid weekly.

Questions people ask

Which is cheaper, ISPY or VAIE?: ISPY charges 0.55% a year and VAIE charges 0.74%, so ISPY is cheaper. Fees come from each fund's prospectus.

Other comparisons

ISPY vs MSFO ISPY vs MAGY ISPY vs SIOO ISPY vs QVOL VAIE vs IVVW VAIE vs XDTE VAIE vs SEPI VAIE vs XSPI

S&P 500 (SPY) →All income ETFs ranked by the Distribution Coverage Score →How the scores are computed →ISPY on its own →VAIE on its own →ISPY dividend history →ISPY holdings →VAIE dividend history →How every figure is computed →Standards and sources →

Where these figures came from

ISPY filings on SEC EDGAR ↗ISPY prospectus with the expense ratio (SEC) ↗ProShares page for ISPY ↗VAIE filings on SEC EDGAR ↗VAIE prospectus with the expense ratio (SEC) ↗VegaShares page for VAIE ↗

ETFIQ links to the documents behind every figure; a link is not an endorsement. A comparison is not a recommendation.

How this is computed

Every figure is an ETFIQ calculation with distributions reinvested.

Cite this pageCitation, APA and Markdown

ETFIQ, ISPY against VAIE, data as of Oct 20, 2026. https://etfiq.com/compare/income/ispy-vs-vaie

Open data

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