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ISPY ProShares S&P 500 High Income ETF

Covered call on SPY, paying monthly

Over the year to Sep 11, 2026, ISPY paid 5.7% in cash and still finished 3.1 points behind SPY.

ProShares · Income ETFs · data as of

Key facts

5.7%Cash paid, 1 year, on its starting price
+14.4%Total return, 1 year
−3.1 ptsAgainst SPY
5.8%Latest payout, annualized

Method

ETFIQ Return Stability Score

70.729th of 161

ISPY paid 5.7% in cash and its price rose 8.4%, so the payout came out of returns rather than principal.

Was the payout funded by returns, or by your own capital?

Against its benchmark
MLPD −38.1 ptsMDST −30.2 ptsSLTY −29.1 ptsBLOX −27.8 ptsEIPI −27.8 ptsYQQQ −27.6 ptsULTY −23.3 ptsGDXY −22.0 ptsHIGH −20.8 ptsTOPW −18.6 ptsTDVI −18.3 ptsYMAX −18.1 ptsHISF −17.3 ptsACKY −17.2 ptsWEEI −16.9 ptsNDIV −16.6 ptsLQDW −16.2 ptsOARK −15.8 ptsFDND −15.5 ptsTCAL −15.0 ptsQRMI −14.8 ptsSDVD −14.8 ptsLFGY −14.5 ptsSLJY −14.5 ptsSCLZ −14.1 ptsYFYA −13.9 ptsQUSA −13.5 ptsHYGW −13.0 ptsJULH −13.0 ptsXLRI −13.0 ptsMAGY −12.9 ptsYYY −12.7 ptsXLKI −12.6 ptsJULJ −12.4 ptsLJUL −12.4 ptsJANJ −12.3 ptsLJAN −12.3 ptsFGSI −12.2 ptsLOCT −12.1 ptsRNTY −12.1 ptsAIPI −12.0 ptsIWMY −12.0 ptsOCTJ −11.9 ptsHIPS −11.7 ptsJUCY −11.6 ptsXLEI −11.6 ptsAPRJ −11.3 ptsLAPR −11.3 ptsXISE −11.3 ptsXIJN −11.1 ptsCVRD −11.0 ptsJANH −11.0 ptsAPRH −10.9 ptsXBTY −10.7 ptsXIDE −10.7 ptsOCTH −10.6 ptsJEPI −10.3 ptsXIMR −10.1 ptsSRHR −9.7 ptsXRMI −8.7 ptsVEGA −8.3 ptsBUYW −8.2 ptsIAUI −7.9 ptsBAGY −7.7 ptsXV −7.5 ptsKHPI −7.3 ptsYBTC −7.3 ptsFTHI −7.0 ptsYLDE −6.8 ptsIGLD −6.1 ptsQQQI −6.1 ptsRDVI −6.0 ptsSPIN −5.9 ptsFEPI −5.8 ptsIWMW −5.8 ptsTYLG −5.7 ptsBITY −5.6 ptsSPUT −5.4 ptsWTPI −5.2 ptsPAPI −4.7 ptsXLVI −4.7 ptsETCO −4.3 ptsJEPQ −4.1 ptsCAIE −4.0 ptsFTKI −3.9 ptsGPTY −3.7 ptsIQQQ −3.7 ptsGIAX −3.4 ptsBIGY −3.3 ptsRYLD −3.1 ptsWEEL −2.9 ptsYMAG −2.9 ptsRDTY −2.6 ptsXLBI −2.5 ptsNBOS −1.8 ptsRYLG −1.8 ptsSPYI −1.7 ptsFTQI −1.6 ptsKNG −1.6 ptsTSPY −1.6 ptsTHTA −1.5 ptsQQQY −1.3 ptsRDTE −1.3 ptsDIVO −1.2 ptsSIXH −1.2 ptsXYLD −1.2 ptsDFII −1.1 ptsGPIQ −1.1 ptsQDTY −1.1 ptsXYLG −1.1 ptsXDTE −0.9 ptsQDTE −0.7 ptsQYLD −0.7 ptsXLII −0.7 ptsXPAY −0.7 ptsEGGY −0.6 ptsJOYT −0.6 ptsSDTY −0.6 ptsWDTE −0.4 ptsBTCC −0.3 ptsQYLG −0.3 ptsGPIX 0.0 ptsDJIA +0.1 ptsDYLG +0.3 ptsIWMI +0.3 ptsKGLD +0.3 ptsXLFI +0.3 ptsIVVW +0.4 ptsLTTI +0.5 ptsLQTI +0.6 ptsPBP +0.6 ptsHYTI +0.9 ptsTDAQ +0.9 ptsCSHI +1.3 ptsBALI +1.4 ptsYETH +1.5 ptsHYBL +1.6 ptsXLUI +1.6 ptsCHPY +1.9 ptsBTCI +2.1 ptsSOXY +2.3 ptsITWO +2.5 ptsDOGG +2.7 ptsCEPI +2.9 ptsXLYI +2.9 ptsYBIT +2.9 ptsTLTP +3.4 ptsDUBS +4.0 ptsSEPI +4.7 ptsXLCI +5.2 ptsIDVO +5.4 ptsTLTW +5.4 ptsBCCC +6.3 ptsOMAH +6.5 ptsIDUB +6.9 ptsXLSI +8.8 ptsUSOY +10.5 ptsBUCK +10.9 ptsKLIP +20.9 ptsNVYY +24.6 ptsISPY −3.1 ptsISPY −3.1 pts−38.1 pts+24.6 pts

55.9% of the 161 sit at or below ISPY on this measure.

What happened to the principal
ETCO −75.0%XBTY −74.7%YETH −67.4%YBTC −61.4%BTCC −59.9%YBIT −58.9%BAGY −58.0%SLTY −54.4%ULTY −53.3%NVYY −52.4%BITY −51.9%BCCC −49.4%BTCI −46.9%DFII −44.8%LFGY −43.0%YMAX −41.0%BLOX −38.8%TOPW −36.6%OARK −33.3%KLIP −32.8%GDXY −32.5%YMAG −27.1%YQQQ −26.3%MAGY −25.8%IWMY −23.1%CEPI −21.0%RDTY −19.9%RDTE −19.4%QDTE −18.5%EGGY −15.1%TLTP −14.5%XLYI −14.1%LTTI −13.8%ACKY −13.7%WDTE −13.7%QQQY −13.0%QDTY −12.8%XDTE −12.8%AIPI −12.2%QUSA −11.8%LQTI −10.4%TLTW −10.3%SDTY −9.9%GIAX −9.8%XLUI −9.5%HIGH −9.3%LQDW −9.3%TCAL −9.0%FEPI −8.5%XV −8.4%IGLD −8.1%XLRI −8.0%XLCI −7.9%FDND −7.6%YYY −7.5%XLSI −7.3%RNTY −6.5%HYTI −6.3%GPTY −6.0%OMAH −6.0%XLBI −5.7%HYGW −5.6%IWMW −5.3%HIPS −5.2%XPAY −4.9%HISF −4.7%QRMI −4.2%USOY −4.0%XLFI −3.8%FGSI −3.2%BUCK −2.5%HYBL −2.5%JUCY −2.3%XRMI −2.3%MLPD −1.7%CAIE −1.6%IAUI −1.6%YFYA −1.6%IVVW −1.4%CVRD −1.3%JEPI −1.1%KNG −0.9%XIJN −0.7%JULJ −0.6%WTPI −0.5%CSHI −0.4%JULH −0.3%LJUL −0.2%XISE 0.0%JANH +0.1%JANJ +0.1%LAPR +0.1%LOCT +0.1%LJAN +0.2%OCTJ +0.2%XLII +0.2%APRJ +0.3%OCTH +0.3%XIDE +0.3%XIMR +0.4%APRH +0.5%TSPY +0.6%KHPI +0.7%BIGY +0.8%WEEL +0.9%SRHR +1.0%FTHI +1.1%QQQI +1.5%XLVI +2.1%SPYI +2.6%QYLG +2.8%YLDE +2.8%BUYW +2.9%SDVD +3.0%XYLG +3.4%KGLD +3.8%THTA +3.9%DJIA +4.2%FTKI +4.3%SCLZ +4.4%PAPI +4.5%RYLD +4.7%XLKI +5.0%PBP +5.1%IWMI +5.3%DYLG +5.4%TDAQ +5.9%XYLD +5.9%JEPQ +6.0%SPIN +6.1%NBOS +6.5%SPUT +6.5%RYLG +7.1%GPIX +7.9%FTQI +8.0%DOGG +8.2%QYLD +8.4%DIVO +8.9%MDST +9.3%VEGA +9.4%BALI +9.5%GPIQ +9.8%SLJY +11.0%RDVI +11.7%TDVI +11.7%IQQQ +12.3%SEPI +13.8%XLEI +13.8%SIXH +14.1%ITWO +14.3%EIPI +14.6%JOYT +16.1%IDVO +16.4%DUBS +18.9%WEEI +18.9%IDUB +19.0%TYLG +21.2%NDIV +22.9%CHPY +24.9%SOXY +68.6%ISPY +8.4%ISPY +8.4%−75.0%+68.6%

85.4% of the 161 sit at or below ISPY on this measure.

Weighted evenly, those two positions are what the score combines, across the 161 income ETFs writing on an index or proxy. Neither spread above is the score: a fund can sit further right on one and score lower. A position in this set, not a rating: it moves when the set moves, and it is not a figure to average against another desk's.

What the score is computed from
What it measuresThis fundIts percentileWeight
against its benchmark−3.1 pts55.950%
what happened to the principal+8.4%85.450%

All income ETFs ranked by this score · How it is computed

22nd of 354 income ETFs by net assets

What a holder got

ISPY against SPYISPY returned +14.4% with distributions reinvested against +17.5% for S&P 500 (SPY), a gap of −3.1 pts. Of that, 5.7% arrived as cash rather than price.+14.4%ISPY total return+17.5%S&P 500 (SPY)5.7% of it arrived as cash

Over the year to Sep 11, 2026, ISPY returned +14.4% with distributions reinvested and S&P 500 (SPY) returned +17.5%, so a holder came out behind it by 3.1 points. The lighter segment is the 5.7% that arrived as cash rather than as price.

Its ten largest equity positions

ISPY top ten by weight, 44.2% of its 504 equity positions, from the holdings filed for May 31, 2026. The options the fund writes are not positions of this kind and are not listed. Source: the fund’s SEC filing.
HoldingWeight
ProShares GENIUS Money Market ETF10.56%
NVIDIA Corp.7.07%
Apple, Inc.6.31%
Microsoft Corp.4.60%
Amazon.com, Inc.3.64%
Alphabet, Inc.3.05%
Broadcom, Inc.2.92%
Alphabet, Inc.2.42%
Meta Platforms, Inc.1.91%
Tesla, Inc.1.69%

Method

Period by period

ISPY over each window to Sep 11, 2026. Every figure is an ETFIQ calculation. Source: ETFIQ.
WindowCash paidPriceTotal returnSPYAhead or behind
3 months1.5%+0.3%+1.8%+3.3%−1.5 pts
6 months3.5%+9.1%+12.8%+16.0%−3.2 pts
1 year5.7%+8.4%+14.4%+17.5%−3.1 pts
Since launch25.8%+20.9%+53.4%+68.1%−14.8 pts

Method

When ISPY pays

ISPY pays monthly. The last distribution was $0.232 a share, which went ex on Sep 1, 2026, with payment about 2 days later. The next has not been declared. On its own cadence of about 30 days the ex-date falls near Oct 1, 2026; that date is an ETFIQ projection, not the issuer’s.

Expected distributions for ISPY. Where the basis is a projection, ETFIQ has carried the fund’s own spacing forward from its last ex-date and held the amount at the last one paid; neither is an issuer statement. Source: ETFIQ.
Ex-datePay dateAmountBasis
Oct 1, 2026Oct 5, 2026$0.232ETFIQ projection from the fund’s own cadence
Every distribution ETFIQ holds for ISPY (13, most recent first)
Cash distributions per share for ISPY. Source: ETFIQ from Tiingo end-of-day distributions.
Ex-dateAmount
Sep 1, 2026$0.232
Aug 3, 2026$0.2426
Jul 1, 2026$0.2518
Jun 1, 2026$0.2329
May 1, 2026$0.3007
Apr 1, 2026$0.3026
Mar 2, 2026$0.2109
Feb 2, 2026$0.2292
Dec 24, 2025$0.1195
Dec 1, 2025$0.2031
Nov 3, 2025$0.0747
Oct 1, 2025$0.1023
Sep 2, 2025$0.1588

Every income ETF going ex-dividend in the next fortnight

Method

In plain words

Since it launched on Dec 20, 2023, ISPY has returned +53.4% with distributions reinvested, against +68.1% for S&P 500 (SPY), and has paid out 25.8% of its starting value in cash along the way. It pays monthly, and at its current price the latest distribution annualizes to 5.8%. No Rule 19a-1 notice has been published for this fund, so there is no issuer estimate of how much of its distributions was a return of capital.

ISPY (ProShares S&P 500 High Income ETF), income ETFs fields as of Sep 11, 2026. Source: ETFIQ.
Strategycovered call
BenchmarkS&P 500 (SPY)
Paysmonthly
Net assets (issuer page, as of Sep 11, 2026)$1.2bn
Latest payout, annualized (ETFIQ)5.8%
Expense ratio (485BPOS XBRL, Sep 23, 2025)0.56%
Cash paid, last 12 months, over today’s price (ETFIQ)5.2%
LaunchedDec 20, 2023
Paysmonthly
Typical gap between ex-dates30 days
Typical wait from ex-date to payment2 days
Last paid, per share$0.232 ex Sep 1, 2026
Sum of the last 12 distributions$2.5025

Every figure is an ETFIQ calculation from exchange prices and cash distributions (Tiingo end-of-day), total return with distributions reinvested. Return of capital is the issuer’s estimate. How these figures are computed

Questions people ask

How much has ISPY paid over the last year?
Over the year to Sep 11, 2026, ISPY paid 5.7% of its starting price in cash distributions, while the price rose 8.4%.
Is ISPY ahead of SPY?
Over the year to Sep 11, 2026, with every distribution reinvested, ISPY returned +14.4% against +17.5% for S&P 500 (SPY), so a holder was behind it by 3.1 points.
How often does ISPY pay, and how much?
ISPY pays monthly. The latest distribution annualizes to 5.8% at its price on Sep 11, 2026, which is not a promise; the next one can differ.
When does ISPY next pay a distribution?
ISPY pays monthly. The last distribution went ex on Sep 1, 2026 at $0.232 a share. The next is not declared; on a cadence of about 30 days the ex-date falls near Oct 1, 2026, which is an ETFIQ projection. Payment usually follows the ex-date by 2 days.
What does ISPY cost?
The prospectus expense ratio is 0.56% a year.

The words on this page

Total return
What a holder actually ended up with: price change plus every distribution, reinvested. The only figure that answers whether you came out ahead.
Cash paid
Distributions over the window as a share of what the fund cost at the start. A measure of cash delivered, not of return: a fund can pay a great deal and still lose money.
Ahead or behind
The fund’s total return minus the benchmark’s over exactly the same days, in percentage points. Both sides reinvest.
Return of capital
The issuer’s own estimate, in a Rule 19a-1 notice, of how much of a distribution was your own money returned. An estimate and a tax characterization, not a measure of erosion.
Covered call
Selling call options on shares the fund holds. It collects a premium and gives up the gains above the strike, which is why these funds pay well and lag a rising market.

Every term used here, defined in full on the income ETFs vocabulary page.

Where these figures came from

ETFIQ links to the documents behind every figure. It is not affiliated with any issuer, and a link is not an endorsement.

Compare ISPY

Also against QYLD, XYLD, RYLD, DIVO, GPIX, GPIQ, TSLY, NVDY, MSTY, CONY, ULTY, YMAX, FEPI, XDTE, QDTE, AIPI, BALI, AMZY, APLY, GOOY, MSFO, OARK, SDTY, IVV, QQQ, SCHD, SPY, VOO, VTI, VYM.

Funds near this one

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ISPY payout bar, ETFIQ

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<p><a href="https://etfiq.com/funds/ispy">ISPY payout bar, updated daily by ETFIQ</a></p>

Where ISPY is written about

ISPY, Income ETFs, ETFIQ, data as of Sep 11, 2026. Every figure is arithmetic on a named public source; the method is at etfiq.com/methodology. ETFIQ is an independent publisher, is not a fund issuer, broker-dealer or investment adviser, and makes no recommendations.
Use this data, or open the live card

Open ISPY live on ETFIQ, where the figures refresh with the data.

Cite this page. ETFIQ, ISPY, income ETFs, data as of Sep 11, 2026. https://etfiq.com/funds/ispy Free to use with attribution; the underlying files are at Open data.

How these figures are computed · Standards and sources