ProShares S&P 500 High Income ETF (ISPY)
| Assets | $1.14B |
| Expense Ratio | 0.55% |
| PE Ratio | 26.69 |
| Shares Out | 24.30M |
| Dividend (ttm) | $4.00 |
| Dividend Yield | 8.74% |
| Ex-Dividend Date | Dec 1, 2025 |
| Payout Ratio | 233.24% |
| 1-Year Return | -0.50% |
| Volume | 134,270 |
| Open | 45.79 |
| Previous Close | 45.86 |
| Day's Range | 45.73 - 45.96 |
| 52-Week Low | 35.81 |
| 52-Week High | 46.73 |
| Beta | 0.87 |
| Holdings | 508 |
| 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
135.07% of assets| Name | Symbol | Weight |
|---|---|---|
| S&P 500 DAILY COVERED CALL INDEX -CALL ONLY SWAP GOLDMAN SACHS INTERNATIONAL | n/a | 85.24% |
| S&P 500 DAILY COVERED CALL INDEX -CALL ONLY SWAP BNP PARIBAS | n/a | 14.75% |
| NVIDIA Corporation | NVDA | 7.48% |
| Apple Inc. | AAPL | 6.96% |
| Microsoft Corporation | MSFT | 5.97% |
| Amazon.com, Inc. | AMZN | 3.71% |
| Alphabet, Inc. | GOOGL | 3.09% |
| Broadcom Inc. | AVGO | 2.99% |
| Alphabet Inc. | GOOG | 2.48% |
| Meta Platforms, Inc. | META | 2.40% |
Dividends
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Dec 1, 2025 | $0.20306 | Dec 5, 2025 |
| Nov 3, 2025 | $0.07474 | Nov 7, 2025 |
| 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 |
News
ISPY: A Balanced Daily Covered Call ETF, Not A Breakout Winner
ProShares S&P 500 High Income ETF (ISPY) employs a daily 1DTE covered call strategy on an S&P 500-replicating portfolio. ISPY offers a low 0.56% expense ratio, balancing daily option writing costs and...
ISPY: Can Be An Efficient Hedge Against Slower Market Growth
ProShares S&P 500 High Income ETF is rated a buy, best used as a defensive hedge in flat or choppy markets. ISPY offers an 8.3% starting yield via an OTM option-writing strategy, but total return upsi...
3 Reasons to Add Income to Portfolios Now
Looking at your portfolio and feeling a distinct lack of income? Whether those just starting out or those close to retirement, investors of all types can benefit from a little more income coming from ...
Tax-Loss Harvesting? Get More From Current Income in Daily Covered Call ETFs
As 2025 draws to a close, investors and advisors will be considering their tax-loss harvesting opportunities. By selling some investments at a loss, those investors can reduce their overall tax bills ...
What Makes a Good Covered Call Strategy
Covered call strategies have become a very popular fund type in recent years. By leaning on the options market, covered call funds offer high levels of income but can limit upside.
2 High-Yield Options Income ETFs to Buy With $2,000 and Hold Forever
Investors looking to generate income from their portfolio have myriad investment choices, ranging from simple, like buying dividend stocks, to more complex, like using options. If you don't like to co...
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.