ProShares S&P 500 High Income ETF
$46.84−0.20 (−0.42%)
- 0.55%
- $1.14B
- +8.4%
- 5.61%
- 83.3K sh
- low $42.10high $49.25
The ETF.net ISPY Grade
B
Score 63 out of 100
- 20 of 52
Score 63 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.A95 out of 100Rank 17 of 36Risk
How the fund held up when markets fell: downside volatility, drawdowns and tail loss.D27 out of 100Rank 46 of 52Tradability
How easy the fund is to trade: daily volume, and how far its price strays from net asset value.A70 out of 100Rank 8 of 52Holdings
How concentrated the fund is, and how complete and current its disclosed holdings are.C51 out of 100Rank 23 of 41Durability
Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.A71 out of 100Rank 11 of 52
Our read on ISPY
In short
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.
Stated mandate
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
Worth knowing
ISPY Performance
Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.
Not enough history yet.Not enough history yet.Not enough history yet.
ISPY$10,838
Returns run to the Oct 30, 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 | +8.7% |
| 1 month | −0.6% |
| 3 months | +0.1% |
| 1 year | +8.4% |
| 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 | +8.7% | |
| 2025 | +13.1% | |
| 2024 | +21.3% | |
| 2023 | +1.7% |
ISPY in the news
ISPY Dividends
- 5.61%
- $2.65
- $0.25 per share
- Monthly
ISPY Risk
- 10.9%
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.
- 0.95
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.
FMP measures it over up to five years of monthly returns.
ISPY Cost
Overpaying vs PEPS, cheapest in S&P 500 Option Income
$8,798
On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.
ISPY 0.55%
$10,904
PEPS 0.10% Cheapest
$2,106
Cost over time
Year by year
| Year | ISPY | PEPS | Overpaying |
|---|---|---|---|
| 10 | $988 | $183 | $805 |
| 20 | $3,790 | $717 | $3,073 |
| 30 | $10,904 | $2,106 | $8,798 |
Other funds in S&P 500 Option Income
- BSPYHNEOS S&P 500 Hedged Equity Income ETFExpense ratio 0.68%1 year return +8.7%
- BTSPYTappAlpha SPY Growth & Daily Income ETFExpense ratio 0.68%1 year return +10.8%
- BPEPSParametric Equity Plus ETFExpense ratio 0.10%1 year return +11.7%
- BXPAYRoundhill S&P 500 Target 20 Managed Distribution ETFExpense ratio 0.49%1 year return +11.2%
- BBNDINeos Enhanced Income Aggregate Bond ETFExpense ratio 0.58%1 year return +1.4%
