ProShares S&P 500 High Income ETF (ISPY)
| Assets | $1.11B |
| Expense Ratio | 0.55% |
| PE Ratio | 27.24 |
| Shares Out | 23.66M |
| Dividend (ttm) | $4.40 |
| Dividend Yield | 9.52% |
| Ex-Dividend Date | Oct 1, 2025 |
| Payout Frequency | Monthly |
| Payout Ratio | 260.50% |
| Volume | 5,925 |
| Open | 46.40 |
| Previous Close | 46.01 |
| Day's Range | 46.02 - 46.40 |
| 52-Week Low | 35.81 |
| 52-Week High | 46.86 |
| Beta | n/a |
| Holdings | 509 |
| Inception Date | Dec 18, 2023 |
About ISPY
Fund Home PageThe ProShares S&P 500 High Income ETF (ISPY) is an exchange-traded fund that is based on the S&P 500 Daily Covered Call index. The fund tracks an index pursuing a daily covered call writing strategy on the stocks of the S&P 500 Index. The fund seeks generate a high level of income combined with the performance returns of the S&P 500 Index over the long term. ISPY was launched on Dec 18, 2023 and is issued by ProShares.
Top 10 Holdings
136.17% of assets| Name | Symbol | Weight |
|---|---|---|
| S&P 500 DAILY COVERED CALL INDEX -CALL ONLY SWAP GOLDMAN SACHS INTERNATIONAL | n/a | 86.49% |
| S&P 500 DAILY COVERED CALL INDEX -CALL ONLY SWAP BNP PARIBAS | n/a | 13.52% |
| NVIDIA Corporation | NVDA | 8.39% |
| Microsoft Corporation | MSFT | 6.69% |
| Apple Inc. | AAPL | 6.65% |
| Amazon.com, Inc. | AMZN | 3.71% |
| Broadcom Inc. | AVGO | 3.02% |
| Meta Platforms, Inc. | META | 2.71% |
| Alphabet Inc. | GOOGL | 2.65% |
| S&P500 EMINI FUT EQUITY INDEX 19/DEC/2025 ESZ5 INDEX | n/a | 2.34% |
Dividends
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Oct 1, 2025 | $0.10234 | Oct 7, 2025 |
| Sep 2, 2025 | $0.15879 | Sep 8, 2025 |
| Aug 1, 2025 | $0.04531 | Aug 7, 2025 |
| Jul 1, 2025 | $0.16506 | Jul 8, 2025 |
| Jun 2, 2025 | $0.34942 | Jun 6, 2025 |
| May 1, 2025 | $1.27493 | May 7, 2025 |
Performance
ISPY had a total return of 13.26% in the past year, including dividends. Since the fund's inception, the average annual return has been 18.73%.
News
ISPY: Daily Calls Offering More Upside
ProShares S&P 500 High Income ETF offers a daily covered call strategy, providing potential for greater upside capture than peers with monthly covered calls. ISPY's lower expense ratio (0.55%) and mon...
ISPY: Preserves Capital Better Than High-Yielding Peers
I am upgrading ISPY to a buy, as it has proven resilient and effective in generating high, tax-efficient income with capital preservation. ISPY writes calls on the S&P 500 index, not individual holdin...
ISPY: Daily Call Selling Hurt In April, Better Situation Today
The VIX spiked above 60 during early-April tariff turmoil, creating an ideal time for selling premium and buying S&P 500 call options for risk-seeking investors. Despite high volatility, ISPY underper...
TSPY Vs. ISPY: Advantages Of Active Management In Options Trading
Selling 0 days-to-expiry (0DTE) covered calls offers high income and upside potential with less downside protection compared to monthly covered call funds. TSPY's active management approach generated ...
ISPY: An Income Play For A Volatile 2025
I rate ISPY as a Strong Buy due to anticipated 2025 volatility, which will increase option premiums and dividend distributions for income investors. The S&P 500 appears overvalued, with growth driven ...
ISPY: Outperforming The Buy-Write Crowd
ISPY employs a covered call strategy on the S&P 500, generating income through option premiums but capping upside potential in rising markets. The fund has a distinctive strategy by writing daily OTM ...
ISPY: Daily Covered Calls Provide Superior Upsides Compared To Monthly
ISPY's daily call options strategy offers superior upside potential compared to monthly options. Compared to other S&P 500 covered call funds, ISPY has one of the best balances of capital appreciation...
ISPY: A New Spin On Covered Call ETFs From ProShares Yielding Over 9%
ISPY's daily call option strategy has outperformed traditional monthly covered call ETFs, showing an 11.24% gain and a 19.81% ROI in 2024. ISPY invests 80% in S&P 500 companies and uses daily call opt...
ISPY: Daily Covered-Call Fund Outperforms In Rising Markets
The ProShares S&P 500 High Income ETF sells daily covered calls on the S&P 500 Index to generate high distribution yields for investors. ISPY has outperformed the more well-known JEPI ETF since its in...
ISPY Vs. JEPI For Large-Cap Exposure And Higher Income
ProShares S&P 500 High Income ETF (ISPY) offers enhanced income compared to SPDR S&P 500 ETF (SPY). That ETF is reviewed in detail. JPMorgan Equity Premium Income ETF (JEPI) would be considered a comp...
ISPY: S&P 500 With A Covered Call Overlay (Through Swaps)
ProShares S&P 500 High Income ETF uses covered call strategies to enhance yield and provide exposure to the S&P 500 Index. The ISPY fund has a yield of 3.46%, higher than the S&P 500 ETF's yield of 1....
ProShares Launches S&P 500 High Income ETF
BETHESDA, Md.--(BUSINESS WIRE)--ProShares launched the ProShares S&P 500 High Income ETF (CBOE: ISPY), the first ETF powered by a daily call options strategy.