How much has ISPY paid over the last year?

Over the year to Oct 28, 2026, ISPY paid 5.7% of its starting price in cash distributions, while the price rose 4.0%.

Is ISPY ahead of SPY?

Over the year to Oct 28, 2026, with every distribution reinvested, ISPY returned +10.1% against +13.6% for S&P 500 (SPY), so a holder was behind it by 3.5 points.

How often does ISPY pay, and how much?

ISPY pays monthly. The latest distribution annualizes to 6.3% at its price on Oct 28, 2026, which is not a promise; the next one can differ.

Is the ISPY distribution return of capital?

ProShares estimates 81% of the distribution paid Oct 7, 2026 was return of capital. That is a tax characterization from the fund's own 19a-1 notice, not a measure of erosion.

When does ISPY next pay a distribution?

ISPY pays monthly. The last distribution went ex on Oct 1, 2026 at $0.2523 a share. The next is not declared; on a cadence of about 30 days the ex-date falls near Nov 2, 2026, which is an ETFIQ projection. Payment usually follows the ex-date by 2 days.

The prospectus expense ratio is 0.55% a year.

How much of ISPY’s distribution is return of capital?

ProShares’s Rule 19a-1 notice estimates 81.0% of the distribution paid Oct 7, 2026 was return of capital. Across its notices for distributions paid Nov 7, 2025 to Oct 7, 2026, the estimate is 83.7%. Estimates come before the fund year closes and often change.

ISPY ProShares S&P 500 High Income ETF

Share ▾

Share on X Download as PDF

$48.25

+0.3% · 1 day, price

IQ’s readingComputed nightly from ETFIQ data. Not written live.

Over the year to Oct 28, 2026, ISPY paid 5.7% in cash and returned 10.1% in total, against 13.6% for SPY.

Why did ISPY return +49.9% against SPY’s +65.1%?Is ISPY’s payout of 6.3% a year sustainable?What do ISPY’s net flows of $0 over the last 5 trading days mean?

Option income on SPY, paying monthlyProShares ↗Expense ratio 0.55%Fund assets $1.2bn on Oct 28, 2026First traded Dec 20, 2023Benchmark S&P 500 (SPY)Fund page at the issuer ↗SEC filings ↗Every ProShares fund ETFIQ covers Dividend history

Promise check: DeliveredOver the year to Oct 28, 2026, ISPY paid 5.7% in cash and returned 10.1% in total, covering 177.2% of its payout.

Compare with…Trading costs Put to the committee askIQ about ISPY Add to portfolio Overlap Flows Alerts

ISPY risk and return scorecard

vs SPY · Dec 2023 to Oct 2026 · 147 weekly returns · dividend-adjusted

Short history · 34 months

ISPY +49.9%, SPY +65.1%, Dec 2023 to Oct 2026, distributions reinvested.

Return

MeasureISPYSPYEdge

Total return+49.9%+65.1%SPY

Annualized+15.4%+19.4%SPY

Price return+17.6%+59.9%SPY

Risk

MeasureISPYSPYEdge

Volatility12.8%14.1%ISPY (slight)

Max drawdown−15.6%−16.9%ISPY (slight)

Upside capture85.6%100.0%SPY

Downside capture96.6%100.0%ISPY (slight)

Risk-adjusted

MeasureISPYSPYEdge

Sharpe ratio0.841.02SPY

Sortino ratio1.221.56SPY

Alpha vs SPY

MeasureISPYSPYEdge

Alpha, a year−2.0%Not significant

Alpha t-stat−1.26

Beta to SPY0.891.00Lower beta

Computed by ETFIQ from Tiingo daily prices and ETFIQ's distribution records; risk-free rate: U.S. Treasury, Daily Treasury Bill Rates, 13-week coupon equivalent Method · Data

Money in and out

Net fund flows · Oct 27, 2026

Latest day

Last 5 trading days

Last month

−$12.0m

In on 0 days, out on 15. 1 day missing.

askIQ: what do these flows mean? ↗

What you earned

ISPY +1.1%, SPY +0.9%: total return over one month to Oct 28, 2026.

ISPY

+1.1%

SPY

+0.9%

Paid 0.5% in cash. Price +0.5%.

ISPY +4.8%, SPY +6.1%: total return over three months to Oct 28, 2026.

ISPY

+4.8%

SPY

+6.1%

Paid 1.6% in cash. Price +3.2%.

ISPY +7.3%, SPY +9.1%: total return over six months to Oct 28, 2026.

ISPY

+7.3%

SPY

+9.1%

Paid 3.3% in cash. Price +4.0%.

ISPY +10.9%, SPY +14.1%: total return over the year to Oct 28, 2026.

ISPY

+10.9%

SPY

+14.1%

Paid 4.9% in cash. Price +5.7%.

ISPY +10.1%, SPY +13.6%: total return over one year to Oct 28, 2026.

ISPY

+10.1%

SPY

+13.6%

Paid 5.7% in cash. Price +4.0%.

ISPY +54.8%, SPY +70.3%: total return since launch to Oct 28, 2026.

ISPY

+54.8%

SPY

+70.3%

Paid 26.5% in cash. Price +21.4%.

askIQ: why did ISPY return +10.1% against SPY’s +13.6%? ↗

What it paid

13 distributions · latest Oct 1, 2026

5.7%

Cash paid, 1 year, on its starting price

to Oct 28, 2026

Report

+10.1%

Total return, 1 year

to Oct 28, 2026

Report

−3.5 pts

Against SPY

to Oct 28, 2026

Report

81.0%

Return of capital, latest payout (ProShares estimate)

Report

$0.2523

Last payment (paid monthly), ex-date Oct 1, 2026

Report

Pays monthly.

askIQ: is ISPY’s payout of 6.3% a year sustainable? ↗

More on ISPY

Every number below is on this page. Open what you need.

Price and total return, 1 year

$48.25+0.3%1 day, priceClose, Oct 28, 2026

−5%0%5%10%Total return +10.1%Price +4.0%

Oct 28, 2025Oct 28, 2026

Price +4.0%Total return +10.1%

Total return adds every distribution, reinvested. Computed by ETFIQ from Tiingo daily prices.

Source: Tiingo end-of-day prices. Data as of Oct 28, 2026. Updated every trading night. Report a data error

ISPY returns by window: total return, cash paid and price change
Window	Total return	Cash paid	Price	SPY	Ahead or behind
1M Sep 28 – Oct 28, 2026	+1.1%	0.5%	+0.5%	+0.9%	+0.2 pts
3M Jul 29 – Oct 28, 2026	+4.8%	1.6%	+3.2%	+6.1%	−1.3 pts
6M Apr 29 – Oct 28, 2026	+7.3%	3.3%	+4.0%	+9.1%	−1.8 pts
YTD Dec 31, 2025 – Oct 28, 2026	+10.9%	4.9%	+5.7%	+14.1%	−3.2 pts
1Y Oct 28, 2025 – Oct 28, 2026	+10.1%	5.7%	+4.0%	+13.6%	−3.5 pts
Since launch Dec 20, 2023 – Oct 28, 2026	+54.8%	26.5%	+21.4%	+70.3%	−15.5 pts
Since launch, annualised Dec 20, 2023 – Oct 28, 2026	+16.5%	–	–	–	–

Total returns, distributions reinvested. Listed Dec 2023: no 3 years windows.

Source: Tiingo end-of-day prices, with distributions reinvested.

Where the return came from

ISPY

+1.1%

SPY

+0.9%

About even with SPY ISPY over 1 month: paid 0.5%, price +0.5%, total +1.1%, SPY +0.9%, +0.2 pts. Data to Oct 28, 2026. SPY +0.9% ISPY +1.1% 0.5% of it arrived as cash about even with SPY Total return, distributions reinvested About even with SPY ISPY over 1 month: paid 0.5%, price +0.5%, total +1.1%, SPY +0.9%, +0.2 pts. Data to Oct 28, 2026. SPY +0.9% ISPY +1.1% about even with SPY Over the 1 month to Oct 28, 2026, ISPY returned +1.1% with distributions reinvested and S&P 500 (SPY) returned +0.9%, so a holder came out ahead of it by 0.2 points. The lighter segment is the 0.5% that arrived as cash rather than as price.

Price change +0.5%Cash paid +0.5%, reinvested+0.2 pts vs SPY

ISPY

+4.8%

SPY

+6.1%

1.3 pts behind SPY ISPY over 3 months: paid 1.6%, price +3.2%, total +4.8%, SPY +6.1%, −1.3 pts. Data to Oct 28, 2026. SPY +6.1% ISPY +4.8% 1.6% as cash 1.3 pts behind SPY Total return, distributions reinvested 1.3 pts behind SPY ISPY over 3 months: paid 1.6%, price +3.2%, total +4.8%, SPY +6.1%, −1.3 pts. Data to Oct 28, 2026. SPY +6.1% ISPY +4.8% 1.3 pts behind SPY Over the 3 months to Oct 28, 2026, ISPY returned +4.8% with distributions reinvested and S&P 500 (SPY) returned +6.1%, so a holder came out behind it by 1.3 points. The lighter segment is the 1.6% that arrived as cash rather than as price.

Price change +3.2%Cash paid +1.6%, reinvested−1.3 pts vs SPY

ISPY

+7.3%

SPY

+9.1%

1.8 pts behind SPY ISPY over 6 months: paid 3.3%, price +4.0%, total +7.3%, SPY +9.1%, −1.8 pts. Data to Oct 28, 2026. SPY +9.1% ISPY +7.3% 3.3% of it arrived as cash 1.8 pts behind SPY Total return, distributions reinvested 1.8 pts behind SPY ISPY over 6 months: paid 3.3%, price +4.0%, total +7.3%, SPY +9.1%, −1.8 pts. Data to Oct 28, 2026. SPY +9.1% ISPY +7.3% 1.8 pts behind SPY Over the 6 months to Oct 28, 2026, ISPY returned +7.3% with distributions reinvested and S&P 500 (SPY) returned +9.1%, so a holder came out behind it by 1.8 points. The lighter segment is the 3.3% that arrived as cash rather than as price.

Price change +4.0%Cash paid +3.3%, reinvested−1.8 pts vs SPY

ISPY

+10.1%

SPY

+13.6%

3.5 pts behind SPY ISPY over 1 year: paid 5.7%, price +4.0%, total +10.1%, SPY +13.6%, −3.5 pts. Data to Oct 28, 2026. SPY +13.6% ISPY +10.1% 5.7% of it arrived as cash 3.5 pts behind SPY Total return, distributions reinvested 3.5 pts behind SPY ISPY over 1 year: paid 5.7%, price +4.0%, total +10.1%, SPY +13.6%, −3.5 pts. Data to Oct 28, 2026. SPY +13.6% ISPY +10.1% 3.5 pts behind SPY Over the 1 year to Oct 28, 2026, ISPY returned +10.1% with distributions reinvested and S&P 500 (SPY) returned +13.6%, so a holder came out behind it by 3.5 points. The lighter segment is the 5.7% that arrived as cash rather than as price.

Price change +4.0%Cash paid +5.7%, reinvested−3.5 pts vs SPY

ISPY

+54.8%

SPY

+70.3%

15.5 pts behind SPY ISPY since launch: paid 26.5%, price +21.4%, total +54.8%, SPY +70.3%, −15.5 pts. Data to Oct 28, 2026. SPY +70.3% ISPY +54.8% 26.5% of it arrived as cash 15.5 pts behind SPY Total return, distributions reinvested 15.5 pts behind SPY ISPY since launch: paid 26.5%, price +21.4%, total +54.8%, SPY +70.3%, −15.5 pts. Data to Oct 28, 2026. SPY +70.3% ISPY +54.8% 15.5 pts behind SPY From launch to Oct 28, 2026, ISPY returned +54.8% with distributions reinvested and S&P 500 (SPY) returned +70.3%, so a holder came out behind it by 15.5 points. The lighter segment is the 26.5% that arrived as cash rather than as price.

Price change +21.4%Cash paid +26.5%, reinvested−15.5 pts vs SPY

85.7

IQ Income ScoreETFIQ Distribution Coverage Score24th of 164 · Oct 28, 2026

0.3 · lowest of 164 income ETFs not writing on a single company99.7 · highest

How much of its payouts the fund's total return covered, ranked against 164 income ETFs not writing on a single company. 100 is best. How it is computed

ISPY paid 5.7% in cash over the year and returned 10.1% in total, more than it paid out.

total return as a share of the cash paid177.2% · 86th pct

All 164 ranked by this score →

Money in and out

Daily data · as of Oct 27, 2026

ISPY: in the year to Oct 27, 2026, net $17.9m came in, over 250 of 251 trading days.

0.0% of $1.2bn on Oct 26, 2026
Oct 27, 2026

0.0% of $1.2bn on Oct 20, 2026
Oct 21, 2026 to Oct 27, 2026

−$12.0m

−1.0% of $1.2bn on Sep 25, 2026
Sep 28, 2026 to Oct 27, 2026
21 of 22 trading days counted

−$87.2m

−7.1% of $1.2bn on Jul 27, 2026
Jul 28, 2026 to Oct 27, 2026
64 of 65 trading days counted

YTD

−$58.1m

−5.0% of $1.2bn on Dec 31, 2025
Jan 2, 2026 to Oct 27, 2026
205 of 206 trading days counted

+$17.9m

1.6% of $1.1bn on Oct 27, 2025
Oct 28, 2025 to Oct 27, 2026
250 of 251 trading days counted

Since Dec 2023

+$1.0bn

Dec 1, 2023 to Oct 27, 2026
SEC filings, then daily counts

Net flow each trading day

3M1Y400 days

ISPY, net flow each trading day over the 65 sessions from Jul 28, 2026 to Oct 27, 2026: money came in on 0 days and went out on 15 days, of the 64 days with daily data; the other 1 have none.

In on 0 days, out on 15. 1 day missing.

ISPY, net flow each trading day over the 251 sessions from Oct 28, 2025 to Oct 27, 2026: money came in on 44 days and went out on 31 days, of the 250 days with daily data; the other 1 have none.

In on 44 days, out on 31. 1 day missing.

ISPY, net flow each trading day over the 400 sessions from Mar 26, 2025 to Oct 27, 2026: money came in on 100 days and went out on 45 days, of the 399 days with daily data; the other 1 have none.

In on 100 days, out on 45. 1 day missing.

Money in, netMoney out, net

Among its peers · 1 month

3rd largest outflow of 27 income ETFs counted all month: BALI +$135m at the top end, TLTW −$161m at the other.

Checked against the filing

May 2026: ETFIQ’s daily sum −$29.6m; ISPY’s SEC N-PORT, item B.6, −$29.6m. Matches the SEC filing for May 2026. Its next filing is due by Oct 30, 2026.

Computed by ETFIQ from ProShares’s daily data: each day’s change in shares outstanding times the previous day’s net asset value.

How this is computed

Percentages are of net assets at the start of each window. Numbers are net: money in less money out. Checked against the filing: The month’s daily sum and the filing’s B.6 number agree within rounding or, where the filing’s is larger, within rounding plus the fund’s creation and redemption fees. The full rule is in the fund’s flows file. Every day and month ETFIQ holds for ISPY, back to Dec 2023, is in its flows file. Flows across every fund · How these flows are computed · Compare ISPY with other funds in the flows tool

Every trading day, last 3 months64 days

Oct 27, 2026 $0

Oct 26, 2026 $0

Oct 23, 2026 $0

Oct 22, 2026 $0

Oct 21, 2026 $0

Oct 20, 2026 $0

Oct 19, 2026 −$1.9m

Oct 16, 2026 $0

Oct 15, 2026 $0

Oct 14, 2026 $0

Oct 13, 2026 $0

Oct 12, 2026 $0

Oct 9, 2026 $0

Oct 8, 2026 $0

Oct 7, 2026 −$4.4m covers 2 trading days

Oct 5, 2026 −$2.4m

Oct 2, 2026 −$1.9m

Oct 1, 2026 −$1.4m

Sep 30, 2026 $0

Sep 29, 2026 $0

Sep 28, 2026 $0

Sep 25, 2026 $0

Sep 24, 2026 $0

Sep 23, 2026 $0

Sep 22, 2026 $0

Sep 21, 2026 $0

Sep 18, 2026 $0

Sep 17, 2026 $0

Sep 16, 2026 −$50.6m

Sep 15, 2026 $0

Sep 14, 2026 −$1.4m

Sep 11, 2026 $0

Sep 10, 2026 $0

Sep 9, 2026 $0

Sep 8, 2026 $0

Sep 4, 2026 $0

Sep 3, 2026 $0

Sep 2, 2026 $0

Sep 1, 2026 $0

Aug 31, 2026 $0

Aug 28, 2026 $0

Aug 27, 2026 −$8.7m

Aug 26, 2026 $0

Aug 25, 2026 $0

Aug 24, 2026 $0

Aug 21, 2026 −$6.3m

Aug 20, 2026 $0

Aug 19, 2026 $0

Aug 18, 2026 $0

Aug 17, 2026 $0

Aug 14, 2026 −$1.5m

Aug 13, 2026 −$977k

Aug 12, 2026 $0

Aug 11, 2026 $0

Aug 10, 2026 $0

Aug 7, 2026 −$1.5m

Aug 6, 2026 −$1.9m

Aug 5, 2026 $0

Aug 4, 2026 $0

Aug 3, 2026 −$958k

Jul 31, 2026 −$1.4m

Jul 30, 2026 $0

Jul 29, 2026 $0

Jul 28, 2026 $0

Most recent first.

Week by week, last year53 weeks

Oct 27, 2026 $0 2 days

Oct 23, 2026 −$1.9m

Oct 16, 2026 $0

Oct 9, 2026 −$6.8m 4 of 5 trading days

Oct 2, 2026 −$3.3m

Sep 25, 2026 $0

Sep 18, 2026 −$52.0m

Sep 11, 2026 $0 4 days

Sep 4, 2026 $0

Aug 28, 2026 −$8.7m

Aug 21, 2026 −$6.3m

Aug 14, 2026 −$2.5m

Aug 7, 2026 −$4.4m

Jul 31, 2026 −$1.4m

Jul 24, 2026 +$947k

Jul 17, 2026 −$3.4m

Jul 10, 2026 −$955k

Jul 2, 2026 −$5.3m 4 days

Jun 26, 2026 −$15.8m

Jun 18, 2026 −$5.8m 4 days

Jun 12, 2026 $0

Jun 5, 2026 +$8.3m

May 29, 2026 −$3.4m 4 days

May 22, 2026 +$1.4m

May 15, 2026 −$24.3m

May 8, 2026 −$3.3m

May 1, 2026 $0

Apr 24, 2026 +$5.1m

Apr 17, 2026 +$1.8m

Apr 10, 2026 $0

Apr 2, 2026 +$5.2m 4 days

Mar 27, 2026 +$862k

Mar 20, 2026 −$4.5m

Mar 13, 2026 +$7.1m

Mar 6, 2026 −$3.6m

Feb 27, 2026 +$10.0m

Feb 20, 2026 +$5.0m 4 days

Feb 13, 2026 +$8.7m

Feb 6, 2026 +$9.6m

Jan 30, 2026 +$6.0m

Jan 23, 2026 +$7.7m 4 days

Jan 16, 2026 +$7.9m

Jan 9, 2026 +$12.0m

Jan 2, 2026 +$4.6m 4 days

Dec 26, 2025 +$2.8m 4 days

Dec 19, 2025 +$9.0m

Dec 12, 2025 +$4.1m

Dec 5, 2025 +$28.3m

Nov 28, 2025 $0 4 days

Nov 21, 2025 +$6.6m

Nov 14, 2025 −$3.2m

Nov 7, 2025 +$16.4m

Oct 31, 2025 +$9.3m 4 days

Net flow into ISPY each week, Oct 28, 2025 to Oct 27, 2026, most recent first, each week named by its last trading day with data. Computed by ETFIQ.

Month by month, money in and money outDec 2023 to Oct 2026

in, up to +$130m

out, down to −$52mDec 2023Sep 2026

ISPY, money in and money out each month from Dec 2023 to Sep 2026: two bars a month, money in above the line and money out below. Bars for Dec 2023 to May 2026 are from ISPY’s SEC filings (N-PORT item B.6), and for Jun 2026 to Sep 2026 ETFIQ’s sums of its days. Oct 2026 is still in progress, so it is in the list and not drawn. Of the 35 months listed, money came in on net in 28 and went out in 7.

Bars for Dec 2023 to May 2026 are from ISPY’s SEC filings (N-PORT item B.6), and for Jun 2026 to Sep 2026 ETFIQ’s sums of its days. Of the 35 months listed, money came in on net in 28 and went out in 7.

MonthInOutNet

Oct 2026 ETFIQ, the sum of its days, Oct 1 to Oct 27, 18 of 19 trading days$0−$12.0m−$12.0m

Sep 2026 ETFIQ, the sum of its days$0−$52.0m−$52.0m

Aug 2026 ETFIQ, the sum of its days$0−$21.8m−$21.8m

Jul 2026 ETFIQ, the sum of its days+$1.4m−$6.2m−$4.8m

Jun 2026 ETFIQ, the sum of its days+$8.3m−$26.9m−$18.6m

May 2026 SEC Form N-PORT+$1.4m−$31.0m−$29.6m

Apr 2026 SEC Form N-PORT+$12.1m$0+$12.1m

Mar 2026 SEC Form N-PORT+$7.9m−$8.1m−$122k

Feb 2026 SEC Form N-PORT+$33.3m$0+$33.3m

Jan 2026 SEC Form N-PORT+$35.5m$0+$35.5m

Dec 2025 SEC Form N-PORT+$47.0m$0+$47.0m

Nov 2025 SEC Form N-PORT+$22.9m−$3.2m+$19.7m

Oct 2025 SEC Form N-PORT+$70.3m$0+$70.3m

Sep 2025 SEC Form N-PORT+$27.1m−$1.7m+$25.4m

Aug 2025 SEC Form N-PORT+$26.9m−$5.6m+$21.3m

Jul 2025 SEC Form N-PORT+$43.3m−$3.5m+$39.8m

Jun 2025 SEC Form N-PORT+$36.9m−$23.9m+$13.0m

May 2025 SEC Form N-PORT+$39.3m−$9.9m+$29.3m

Apr 2025 SEC Form N-PORT+$80.1m−$13.0m+$67.1m

Mar 2025 SEC Form N-PORT+$87.6m−$4.7m+$82.9m

Feb 2025 SEC Form N-PORT+$89.7m−$444k+$89.3m

Jan 2025 SEC Form N-PORT+$124m−$19.5m+$105m

Dec 2024 SEC Form N-PORT+$89.4m−$3.2m+$86.2m

Nov 2024 SEC Form N-PORT+$124m−$14.9m+$109m

Oct 2024 SEC Form N-PORT+$49.3m−$13.0m+$36.3m

Sep 2024 SEC Form N-PORT+$40.4m−$7.9m+$32.5m

Aug 2024 SEC Form N-PORT+$14.0m−$9.6m+$4.3m

Jul 2024 SEC Form N-PORT+$39.4m−$9.2m+$30.2m

Jun 2024 SEC Form N-PORT+$48.0m$0+$48.0m

May 2024 SEC Form N-PORT+$57.1m$0+$57.1m

Apr 2024 SEC Form N-PORT+$20.3m$0+$20.3m

Mar 2024 SEC Form N-PORT+$11.4m−$2.1m+$9.3m

Feb 2024 SEC Form N-PORT+$30.7m−$818k+$29.9m

Jan 2024 SEC Form N-PORT+$15.4m$0+$15.4m

Dec 2023 SEC Form N-PORT+$11.6m$0+$11.6m

Most recent first.

How this is computed

N-PORT months: money in is sales plus reinvestments; money out is redemptions. Months summed from daily data: money in adds the days money came in; money out adds the days it went out.

N-PORT months are the filed sales plus reinvestments less redemptions. Later months add up the daily data; the Source column names any missing day.

Source: ETFIQ, from the fund’s daily share counts and net asset values, and its SEC N-PORT filings. Data as of Oct 27, 2026. Last checked Oct 29, 2026.

ISPY key stats

52-week high, daily closes to Oct 28, 2026 (ETFIQ)$49.17 on Aug 13, 2026

52-week low, daily closes to Oct 28, 2026 (ETFIQ)$42.32 on Mar 27, 2026

Close on Oct 28, 2026, within that range (ETFIQ)$48.25, 87% of the way from the low to the high

Beta to its benchmark, 1 year (ETFIQ)0.93, against SPY

R-squared, the same days (ETFIQ)0.90

Beta and R-squared measured over251 daily total returns, Oct 29, 2025 to Oct 28, 2026

Range, beta and R-squared computed by ETFIQ from Tiingo daily prices.

ISPY return of capital and tax

Return of capital, latest notice (ProShares estimate, Oct 7, 2026)81.0%

Return of capital, distributions paid Nov 7, 2025 to Oct 7, 2026 (ProShares estimates)83.7%

Notices behind that number12 of 12 distributions

Options it writes (holdings as of Aug 31, 2026)Option exposure through swaps or notes, not listed options

Estimates are ProShares’s Rule 19a-1 notices, made before the fund year closes. Not tax advice. What a 19a-1 estimate is · Income ETFs by return of capital

Trading

as of Oct 28, 2026

Trading · ISPYas of Oct 28, 2026

Liquid with care4 of 6 measured · Oct 28, 2026

0 · Hard to tradeIQ Liquidity Score100 · Trades like a giant

Liquid with care: its typical spread is 0.14% of its price.

Cost for your order · one way, half its 30-day median spread

$1,000$0.700.07%

$10,000$7.000.07%

Full cost to own · 1 year at $10,000

0.78%fee alone 0.55%

Fee + round-trip spread + median premium paid

Premium or discount to NAV, Oct 28 close−0.02%

−0.6%95% of days within ±0.43% · the 1% band is off this scale+0.6%

How to tradeLimit: midpoint + 4¢ to buy, midpoint − 4¢ to sell.At the Oct 28 close of $48.25, that’s $48.29 to buy and $48.21 to sell.

Full trading page: components, premium history, dealers →

$0.10

$0.07

$0.30

$0.25

Distributions per share for ISPY 13 distributions for ISPY, $0.0747 to $0.3026 a share and $0.232 in the middle, Oct 1, 2025 to Oct 1, 2026. 2 further ex-dates are expected with no amount the issuer has declared, so they are not drawn. $0.232 the middle one Oct 1, 2025 Oct 1, 2026 $0.3026 a share at the highest

Oct 2025Monthly, per shareOct 2026

13 distributions for ISPY, $0.0747 to $0.3026 a share and $0.232 in the middle, Oct 1, 2025 to Oct 1, 2026. 2 further ex-dates are expected with no amount the issuer has declared, so they are not drawn.

Latest

$0.2523

Ex Oct 1, 2026 · paid about 2 days later

Annualized

6.3%

At its price on Oct 28, 2026

Trailing 12 months

5.5%

12 payments, ex Nov 3, 2025 to Oct 1, 2026: $2.6525

Return of capital

81.0%

Latest payout (ProShares estimate)

Next, projected

ISPY pays monthly. The last distribution was $0.2523 a share, which went ex on Oct 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 Nov 2, 2026; that date is an ETFIQ projection, not the issuer’s.

Nov 2, 2026 · pay Nov 4, 2026$0.2523 ETFIQ projection

Dec 2, 2026 · pay Dec 4, 2026$0.2523 ETFIQ projection

Expected distributions for ISPY. A projected row carries the fund’s own spacing forward from its last ex-date, at the last amount paid. Neither is an issuer statement. Source: ETFIQ.

Every income ETF going ex-dividend in the next 14 days →

Every distribution ETFIQ holds for ISPY (13, most recent first)

Oct 1, 2026$0.2523

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

Cash distributions per share for ISPY. Source: ETFIQ from Tiingo end-of-day distributions.

Source: ETFIQ, from Tiingo end-of-day distributions.

How much of what it paid out did its total return cover?

Total return as a share of the cash paid

−271.3% to 2,166.7% across 164

That is the share of the 164 income ETFs not writing on a single company sitting at or below ISPY.

One year only, and a ratio of two published numbers: it says nothing about where a distribution came from. Where the fund sits in this set, not a rating. Do not average it with another category's score.

Total return as a share of the cash paid: 177.2% · 86th pct, −271.3% to 2,166.7% across 164.

Covered the mostOne bar per fund · ISPY in whiteCovered the least

All income ETFs ranked by this score →

ISPY top ten by weight, 31.8% of the fund, of its 503 equity positions, from the holdings filed for Aug 31, 2026. That is 58 days before Oct 28, 2026, older than the issuer’s daily file, which ETFIQ could not read. The options the fund writes are not positions of this kind and are not listed. Source: the fund’s SEC filing.

NVIDIA Corp. NVDA 6.80%

Apple, Inc. AAPL 5.92%

Microsoft Corp. MSFT 4.80%

Amazon.com, Inc. AMZN 3.24%

Alphabet, Inc. GOOGL 2.53%

Broadcom, Inc. AVGO 2.23%

Alphabet, Inc. GOOG 2.02%

Meta Platforms, Inc. META 1.60%

Micron Technology, Inc. MU 1.38%

Tesla, Inc. TSLA 1.32%

Fund filings on SEC EDGAR ↗See all 503 holdings →Check overlap with another fund →

Source: The fund’s SEC filing. Data as of Aug 31, 2026. Updated when the fund files its next report.

Also against GPIQ, GPIX, RDVI, XYLD, BALI, NVDY, TSLY, ULTY, SIXH, AIPI, OVL, IQQQ, YMAG, GOOY, XPAY, SEPI, APLY, MSFO, BALQ, ACKY, SDTY, XISE, DRKY, QYLD, RYLD, FEPI, KHPI, PAPI, DUBS, TCAL, TSPY, TDAQ, DJIA, QYLG, YLDE, EGGY, OVLH, JEPI, KNG, FTHI, OMAH, MSTY, FTQI, QDTE, SDVD, YYY, PBP, YMAX, IVVW, CONY, XDTE, CAIQ, SCEP, AMZY, QQQY, JOYT, XYLG, XRMI, OEI, CVRD, APRJ, APRH, SCLZ, SPUT, JULH, OCTH, OCTJ, QRMI, JANJ, JULJ, LJAN, JANH, LOCT, LAPR, LJUL, DYLG, ROCY, ROCQ, XQQI, XSPI, MAGY, DOGG, WDTE, VAIE, QLDY, GRNI, KYLD, XIJN, QVOL, SPIN, OARK, QDTY, HEMI, BIGY, XIMR, QUSA, XIDE, YQQQ, XSHP, PCOV, FDND, JUDO, RNTY, KIQQ, ODTE, FGSI, CDPI, RECI, VOOY, ACSP, ACQQ, YSPC, SIOO, DDDD, NLSI, XVSP, TPRY, TPAY, VTI, QQQ, VYM, DGRO.

About ISPY

Strategyoption income

BenchmarkS&P 500 (SPY)

How the benchmark is set (ETFIQ)Its prospectus says its options are written on the S&P 500 (prospectus, Form 497, accession 0001174610-26-000065, filed 2026-04-07); SPY tracks that index. ISPY names the S&P 500 Daily Covered Call Index (prospectus, Form 497, accession 0001174610-26-000065, filed 2026-04-07); no ETF this site covers tracks it and its levels are licensed, so the reference here stands in for it.

Paysmonthly

Net assets (issuer page, as of Oct 28, 2026)$1.2bnReport

Latest payout, annualized (ETFIQ)6.3%

Expense ratio (485BPOS XBRL, Sep 25, 2026)0.55%Report

Cash paid, last 12 months, over today’s price (ETFIQ)5.5%

First tradedDec 20, 2023

Return of capital, latest distribution (ProShares 19a-1 estimate)81.0%

Paysmonthly

Typical gap between ex-dates30 days

Typical wait from ex-date to payment2 days

Last paid, per share$0.2523 ex Oct 1, 2026

Cash paid in the 12 months to Oct 28, 2026, 12 distributions, ex Nov 3, 2025 to Oct 1, 2026$2.6525

How we measure

Every number 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. Method

IQ Investment Committee on ISPY

12 seats on ISPY, as of Oct 28, 2026: 1 Supports, 1 Mixed, 7 Challenges, 3 Not enough data.

In the tradition ofJohn BogleBogle-style Low CostChallenges

In the tradition ofBenjamin GrahamGraham-style Margin of SafetyChallenges

In the tradition ofWarren Buffett & Charlie MungerBuffett & Munger-style QualityMixed

In the tradition ofPeter LynchLynch-style Growth at a Reasonable PriceChallenges

In the tradition ofJohn TempletonTempleton-style Global ContrarianNot enough data

In the tradition ofRay DalioDalio-style All-WeatherNot enough data

In the tradition ofHoward MarksMarks-style Cycles & RiskChallenges

In the tradition ofStanley DruckenmillerDruckenmiller-style Macro & LiquidityChallenges

In the tradition ofDavid SwensenSwensen-style DiversificationChallenges

In the tradition ofCathie WoodWood-style Disruptive InnovationNot enough data

In the tradition ofJesse LivermoreLivermore-style Trend FollowingSupports

Uses ETFIQ’s measuresThe ETFIQ SkepticETFIQ’s own seatChallenges

Put ISPY to the committee →See all seats →No investor named is affiliated with or endorses ETFIQ. Not investment advice.

Questions people ask about ISPY

How much has ISPY paid over the last year?: Over the year to Oct 28, 2026, ISPY paid 5.7% of its starting price in cash distributions, while the price rose 4.0%.
Is ISPY ahead of SPY?: Over the year to Oct 28, 2026, with every distribution reinvested, ISPY returned +10.1% against +13.6% for S&P 500 (SPY), so a holder was behind it by 3.5 points.
How often does ISPY pay, and how much?: ISPY pays monthly. The latest distribution annualizes to 6.3% at its price on Oct 28, 2026, which is not a promise; the next one can differ.
Is the ISPY distribution return of capital?: ProShares estimates 81% of the distribution paid Oct 7, 2026 was return of capital. That is a tax characterization from the fund's own 19a-1 notice, not a measure of erosion.
When does ISPY next pay a distribution?: ISPY pays monthly. The last distribution went ex on Oct 1, 2026 at $0.2523 a share. The next is not declared; on a cadence of about 30 days the ex-date falls near Nov 2, 2026, which is an ETFIQ projection. Payment usually follows the ex-date by 2 days.
What does ISPY cost?: The prospectus expense ratio is 0.55% a year.
How much of ISPY’s distribution is return of capital?: ProShares’s Rule 19a-1 notice estimates 81.0% of the distribution paid Oct 7, 2026 was return of capital. Across its notices for distributions paid Nov 7, 2025 to Oct 7, 2026, the estimate is 83.7%. Estimates come before the fund year closes and often change.

Sources and dates

Prices, ISPY and SPYTiingo end-of-day · Oct 28, 2026

Fee, 0.55%Prospectus filing with the expense ratio (SEC) ↗

Net assets, $1.2bnIssuer page · Oct 28, 2026

HoldingsThe fund’s SEC filing · Aug 31, 2026

Return of capitalProShares 19a-1 distribution notice ↗

DistributionsTiingo end-of-day · 13 payments

All fund filingsFund filings on SEC EDGAR ↗

IssuerProShares page for ISPY ↗

ProShares 19a-1 distribution notice ↗

Links are sources, not endorsements.

Method →Standards and sources →Open data →

Cite this pageCitation, APA and Markdown

ETFIQ, ISPY, income ETFs, data as of Oct 28, 2026. https://etfiq.com/funds/ispy

The payout bar for ISPY, redrawn every trading night.

Free to use with attribution for data ETFIQ computes; issuer data stays under its owner's terms. The underlying files are at Open data.

Total return

Price change plus every distribution reinvested on the day it went ex-dividend. This is what you actually ended up with, and the only fair basis for comparing with an index.

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

Total return minus benchmark total return, in percentage points. A fund can pay 12% a year and still be behind by 10 points if its price fell while the index rose.

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

The fund owns the stocks and sells call options on them, collecting premium and giving up gains above the strike. Synthetic covered call funds hold options instead of the stocks. 0DTE funds sell options that expire the same day.

Autocallable

A fund that pays a coupon and can be called away early, on dates set when it launched. If it is called, you get your money back with the coupon and the run ends. If it is not, it runs on to the next date.

Barrier

The level the underlying has to stay above for you to be repaid in full. A barrier is not a buffer. A buffer takes the first slice of a fall for you; a barrier takes none of it once it breaks, so below it you take the whole fall rather than only the part past it.

Full definitions: income ETFs vocabulary page. →

25th of 372 income ETFs by net assets→ProShares ETFs: Every Fund and Its Fee→What option-income ETFs paid and made, August 2026→Every income ETF measured against SPY→The largest option income ETFs→Income ETFs by return of capital→

Embed this chart

Free to use with the credit link. Paste this where the chart should go; it updates every trading night.

ISPY: ISPY over 1 year: paid 5.7%, price +4.0%, total +10.1%, SPY +13.6%, −3.5 pts. Data to Oct 28, 2026.

<figure style="margin:0;max-width:640px">
<a href="https://etfiq.com/funds/ispy"><img src="https://etfiq.com/assistant/api/embed/income/ispy.svg" alt="ISPY: ISPY over 1 year: paid 5.7%, price +4.0%, total +10.1%, SPY +13.6%, −3.5 pts. Data to Oct 28, 2026." width="640" style="max-width:100%;height:auto"></a>
<figcaption style="font:13px/1.5 sans-serif">ISPY: ISPY over 1 year: paid 5.7%, price +4.0%, total +10.1%, SPY +13.6%, −3.5 pts. Data to Oct 28, 2026. Data: <a href="https://etfiq.com/funds/ispy">ETFIQ</a></figcaption>
</figure>

How to embed ETFIQ charts

Get the ETFIQ Daily

The day's ETF flows, a comparison and one number. Every trading morning. About the Daily

Snapshot, Oct 28, 2026. More on the tabs above.

.dc-more{display:revert!important}.dc-more[style^="display:flex"]{display:flex!important}.dc-more[style^="display:grid"]{display:grid!important}[data-show-all],[data-show-all-idx]{display:none!important}[data-cue]{display:none!important}