ProShares - S&P 500 High Income ETF
$48.60+0.02 (+0.04%)
- 0.56%
- $1.2B
- +16.4%
- 5.46%
- 0.1M sh
- $48.56
- low $42.10high $49.25
The ETF.net ISPY Grade
B
Score 64 out of 100
- 19 of 52
Score 64 of 100 falls in the B band. A is 70 or higher, B 55 to under 70, C 40 to under 55, D 25 to under 40, F under 25.
Cost
The fund’s net expense ratio, ranked against its category.B57 out of 100Rank 23 of 52Mission
Whether the fund did what it promised, tested against its stated mandate.A94 out of 100Rank 16 of 35Risk
How the fund held up when markets fell: downside volatility, drawdowns and tail loss.D28 out of 100Rank 43 of 52Tradability
How easy the fund is to trade: daily volume, and how far its price strays from net asset value.B69 out of 100Rank 10 of 52Holdings
How concentrated the fund is, and how complete and current its disclosed holdings are.C53 out of 100Rank 22 of 41Durability
Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.A72 out of 100Rank 9 of 52
Our read on ISPY
BMost covered-call funds write one option a month. ISPY writes them daily, slicing S&P 500 premium into small pieces while still aiming for long-term returns in line with the index itself.
The Fund seeks high income potential through a daily-options covered-call strategy and seeks long-term returns consistent with the S&P 500 Index.
Why people hold it
- The daily-options twist: premium is harvested in small, frequent slices rather than one monthly bet, and the fund also targets long-run returns consistent with the S&P 500.proshares.com
- Income is a stated policy, not a byproduct: ProShares pays monthly and declares a minimum annual distribution target of 6%.proshares.com
- At 0.56%, the expense ratio runs below the median for S&P 500 option-income funds, a corner of the market where fees often climb past 1%.
- A multi-billion-dollar fund holding roughly 500 stocks, and it does what the label says: the equity sleeve stays close to the index it references.
Worth knowing
- Cheaper shelf-mates exist. IVVW charges 0.25%, PBP 0.29%, GPIX and BALI 0.35%, all writing calls on the same large-cap universe.
- Selling calls every day trims what you keep in a fast rally, while the full drawdown of holding the S&P 500 still rides along underneath.
- ProShares discloses that distributions may include return of capital, meaning part of a payout can be your own principal handed back.proshares.com
ISPY Holdings
- Stocks
- 505
- 46%
- IQMM
Sectors
- Technology35.3%
- Financials22.9%
- Communication8.4%
- Health Care7.9%
- Consumer Discretionary7.6%
- Industrials6.4%
- Consumer Staples3.8%
- Energy3.1%
- Utilities1.7%
- Materials1.5%
- Real Estate1.4%
Geography
- United States97.97%
- Ireland1.06%
- United Kingdom0.34%
- Switzerland0.25%
- Singapore0.23%
- Netherlands0.09%
- Bermuda0.06%
- Canada0.01%
ISPY Performance
Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.
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ISPY$11,645
Returns run to the Oct 12, 2026 close, with cash distributions reinvested. Each period starts on the same date that many months or years earlier. Periods over one year show the average yearly return.
| Period | ISPY |
|---|---|
| Year to date | +11.7% |
| 1 month | +1.6% |
| 3 months | +1.9% |
| 1 year | +16.4% |
| 3 years | — |
| 5 years | — |
| 10 years | — |
Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.
| Year | Return bar | ISPY |
|---|---|---|
| 2026 YTD | +11.7% | |
| 2025 | +13.1% | |
| 2024 | +21.3% | |
| 2023 | +1.7% |
ISPY in the news
ISPY Dividends
- 5.46%
- $2.65
- $0.25 per share
- Monthly
Distribution history
ISPY Risk
- 11.0%
How it’s calculated: standard deviation
The sample standard deviation of monthly total returns, multiplied by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Total returns include reinvested distributions.
- 1.00
How it’s calculated: Sharpe ratio
Subtract each month’s Treasury-bill return from the fund’s monthly total return.
Divide the average of those excess returns by their sample standard deviation, then multiply by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Each month uses the Treasury yield quoted at the end of the previous month.
- −16.9%
How it’s calculated: maximum drawdown
The largest percentage decline from an earlier peak, using total returns with reinvested distributions.
Uses up to five years through the last close, with at least 12 months required.
- 0.86
How it’s calculated: beta
The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.
ISPY Cost
0.56%
ISPY0.56%
- The middle half of S&P 500 Option Income funds
- Median 0.60%
21 of the 51 S&P 500 Option Income funds charge less.
Other funds in S&P 500 Option Income
- BWTPIWisdomTree Equity Premium Income FundExpense ratio 0.44%1 year return +14.5%
- BXPAYRoundhill Investments - S&P 500 Target 20 Managed Distribution ETFExpense ratio 0.49%1 year return +19.5%
- BFTHIFirst Trust BuyWrite Income ETFExpense ratio 0.75%1 year return +12.5%
- BPEPSParametric Equity Plus ETFExpense ratio 0.10%1 year return +22.1%
- BSPYHNEOS S&P 500 Hedged Equity Income ETFExpense ratio 0.68%1 year return +14.3%