ISPY: ProShares S&P 500 High Income ETF
ProShares · Index Covered Call / Option Income · Tracks S&P 500
Growth of $100
Green is what an investor who reinvested every payout would have; red is the price alone. The gap between them is the income. If the red line keeps falling, the payouts are partly your own money coming back.
Was the payout earned?
Over the last year ISPY paid 5.6% and returned +7.3% in total, so the payout was fully earned and the fund also kept (or grew) its value.
| Earned % (3 months) | below -100% |
| Earned % (1 year) | 108% |
| Earned % (full history, up to 5 yrs) | 159% |
Earned % = total return ÷ payouts. 100% means every dollar paid out was earned; below 100% means part of it came from the fund's own value. This is an economic measure based on market price, not the tax label on the payout.
Where the DT Score comes from
Total 61.7 / 100 · rank #108 of 420. How the score works
Risk
| Sortino ratio (1Y) | 0.21 |
| Sharpe ratio (1Y) | 0.16 |
| Steadiness vs S&P 500 | 102% |
| Beta to S&P 500 | 0.94 |
| Correlation to S&P 500 | 0.96 |
| Max drop (1Y) | -8.4% |
| Max drop (up to 5 yrs) | -16.9% |
| Trend | Downtrend |
| History | 2.9 yrs |
Vs. SPY (what it's built on)
| Upside capture | 95% |
| Downside capture | 98% |
| Capture ratio | 0.96 |
| Beta | 0.94 |
| Correlation | 0.96 |
| Tracking | Closely |
On days SPY rose, ISPY caught 95% of the gain; on days it fell, ISPY took 98% of the loss.
Payout history
Each bar is one payout (last 33 shown). Pays Monthly.
| Ex-date | Amount |
|---|---|
| 2026-10-01 | $0.2520 |
| 2026-09-01 | $0.2320 |
| 2026-08-03 | $0.2430 |
| 2026-07-01 | $0.2520 |
| 2026-06-01 | $0.2330 |
| 2026-05-01 | $0.3010 |
| 2026-04-01 | $0.3030 |
| 2026-03-02 | $0.2110 |
| 2026-02-02 | $0.2290 |
| 2025-12-24 | $0.1200 |
| 2025-12-01 | $0.2030 |
| 2025-11-03 | $0.0750 |
Funds that track the same thing
Other S&P 500 income funds, ranked by DT Score. See them all · Compare ISPY with the top 3
| Fund | Category | Fwd rate | 12m yield | 1Y total ret. | Earned % 1Y | Upside capt. | Downside capt. | Tracking | DT Score | Momentum | Trend |
|---|---|---|---|---|---|---|---|---|---|---|---|
| XYLD Global X S&P 500 Covered Call ETF | Index Covered Call / Option Income | 10.2% | 10.6% | +11.7% | 107% | 52% | 43% | Loosely | 76 | 58 | Downtrend |
| PBP Invesco S&P 500 BuyWrite ETF | Index Covered Call / Option Income | 9.6% | 12.5% | +12.7% | 99% | 52% | 42% | Loosely | 75 | 58 | Downtrend |
| GPIX Goldman Sachs S&P 500 Premium Income ETF | Index Covered Call / Option Income | 8.9% | 7.9% | +10.9% | 123% | 87% | 85% | Closely | 75 | 46 | Downtrend |
| SPHD Invesco S&P 500 High Dividend Low Volatility ETF | Equity Income / Dividend Growth | 5.0% | 4.8% | +16.1% | 304% | 15% | -4% | Weakly | 74 | 78 | Mixed |
| APRH Innovator Premium Income 20 Barrier ETF - April | Buffer / Defined Outcome | 8.4% | 7.5% | +7.1% | 97% | 13% | 5% | Weakly | 73 | 69 | Downtrend |
| SPYD State Street SPDR Portfolio S&P 500 High Dividend ETF | Equity Income / Dividend Growth | 4.2% | 4.2% | +21.9% | 444% | 31% | 8% | Weakly | 73 | 83 | Uptrend |
| BALI iShares U.S. Large Cap Premium Income Active ETF | Index Covered Call / Option Income | 6.5% | 7.5% | +12.6% | 150% | 82% | 77% | Closely | 73 | 41 | Downtrend |
| JANH Innovator U.S. Equity Premium Income 20 Barrier ETF - January | Buffer / Defined Outcome | 6.3% | 6.2% | +5.9% | 95% | 22% | 17% | Loosely | 72 | 72 | Downtrend |
| ADX Adams Diversified Equity Fund | CEF - Equity | 8.2% | 7.8% | +15.5% | 161% | 103% | 99% | Loosely | 72 | 35 | Downtrend |
| JEPI JPMorgan Equity Premium Income ETF | Index Covered Call / Option Income | 7.2% | 7.5% | +7.8% | 99% | 42% | 37% | Loosely | 72 | 60 | Downtrend |
About ISPY
| Issuer | ProShares |
| Structure | ETF |
| Category | Index Covered Call / Option Income |
| Strategy | S&P 500 exposure with options overlay for high income |
| Underlying | S&P 500 |
| Exposure | S&P 500 / US Large Cap |
| Index linkage | Partial - options/overlay on index |
| Pays | Monthly |
| Expense ratio | – |
| Launched | 2025 |
| Uses leverage | No |
| Upside capped | Yes |
| Rate sensitivity | Low |
| Return of capital common | Sometimes |
| Tax notes | Distributions mix ordinary income (option premium/ELN income), dividends and often ROC; Sec. 1256 treatment possible for index options |
Research notes: Yield data conflicting; SEC 30-day yield 0.76% at 2026-09-30. Verify.
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