ISPY vs SPYI: Yield, Cost and Returns Compared
As of Nov 9, 2026, SPYI yields more: 12.33% (dividend yield) against 5.61% for ISPY. ISPY is cheaper to own at 0.55% a year vs 0.68%. Over the same 2 years (Dec 2023 to Oct 2026), SPYI returned 16.2% a year with distributions reinvested, and ISPY 15.2%.
ISPYProShares S&P 500 High Income ETF5.61%dividend yield
SPYINeos S&P 500(R) High Income ETF12.33%dividend yield| Compared | ISPY | SPYI |
|---|---|---|
| YieldDividend yield | 5.61% | 12.33% |
| Expense ratio | 0.55% | 0.68% |
| Total return, 1 yr | +8.4% | +11.9% |
| Total return, 3 yr (a year) | — | +18.0% |
| Worst drop since Dec 2023 | -9.6% | -5.5% |
| Share price since Dec 2023 | +17% | +9% |
| Pays | Monthly | Monthly |
| Issuer | ProShares | Neos |
| Assets | $1.1B | $12.5B |
| Started | 2023 | 2022 |
| Type | Derivative Income | Derivative Income |
Higher yield
SPYI
12.33%
Lower cost
ISPY
0.55%
Better total return
SPYI
16.2%/yr
Smaller worst drop
SPYI
-5.5%
Key facts: ISPY vs SPYI
Data as of · Source: SmarterDividends data
- As of Nov 9, 2026, ISPY yields 5.61% (dividend yield) and SPYI yields 12.33% (dividend yield).
- ISPY's expense ratio is 0.55% and SPYI's is 0.68%: $55 vs $68 a year on $10,000.
- From Dec 2023 to Oct 2026, $10,000 in ISPY grew to $14,921 (15.2% a year) and $10,000 in SPYI to $15,317 (16.2% a year), distributions reinvested.
- Their worst month-end drops over that time: -9.6% for ISPY and -5.5% for SPYI.
- 8 of ISPY's top ten holdings are also in SPYI's top ten, an overlap of at least 29% of the fund.
Cite this page
SmarterDividends, "ISPY vs SPYI: Yield, Cost and Returns Compared," updated Nov 9, 2026, https://smarterdividends.com/compare/ispy-vs-spyi
$10,000 in each, Dec 2023 to Oct 2026
Distributions reinvested, month-end values, with the S&P 500 for reference.
ISPY became
$14,921
15.2% a year
SPYI became
$15,317
16.2% a year
Year by year
| Year | ISPY | SPYI |
|---|---|---|
| 2025 | +13.1% | +16.7% |
| 2024 | +21.3% | +19.0% |
Total return each calendar year, distributions reinvested.
Top holdings
8 of the top ten overlap, at least 29% of each fund.
ISPY
- IQMM ProShares GENIUS Money Market ETF13.2%
- AAPL Apple Inc6.5%
- NVDA NVIDIA Corp6.4%
- MSFT Microsoft Corp5.0%
- AMZN Amazon.com Inc3.0%
- GOOGL Alphabet Inc Class A2.1%
- AVGO Broadcom Inc2.0%
- META Meta Platforms Inc Class A1.8%
- GOOG Alphabet Inc Class C1.7%
SPYI
- AAPL Apple Inc7.7%
- NVDA NVIDIA Corp7.6%
- MSFT Microsoft Corp5.9%
- AMZN Amazon.com Inc3.6%
- GOOGL Alphabet Inc Class A2.5%
- AVGO Broadcom Inc2.4%
- META Meta Platforms Inc Class A2.0%
- GOOG Alphabet Inc Class C2.0%
- LLY Eli Lilly and Co1.7%
- TSLA Tesla Inc1.7%
ISPY vs SPYI: questions
Is ISPY or SPYI better?
It depends on the job. SPYI pays more today (12.33% vs 5.61%), ISPY costs less, and SPYI has the better total return over Dec 2023 to Oct 2026, with SPYI holding up better in its worst stretch. For income, look at yield and whether the payouts hold up; for growth, total return and drawdowns.
Which pays a higher dividend, ISPY or SPYI?
SPYI, at 12.33% against 5.61% for ISPY as of Nov 9, 2026. On $10,000 that's about $1,233 vs $561 a year at today's rates.
Which has the better total return?
SPYI. From Dec 2023 to Oct 2026, it returned 16.2% a year with distributions reinvested, against 15.2% for ISPY. $10,000 became $15,317 vs $14,921.
Which is cheaper, ISPY or SPYI?
ISPY, with a 0.55% expense ratio against 0.68%.
Do ISPY and SPYI hold the same things?
Partly. 8 of their top ten holdings match (AAPL, NVDA, MSFT, AMZN), at least 29% of each fund. Owning both doubles up on those.
Related comparisons
Yields, costs and holdings as each fund reports them (via Yahoo Finance), updated daily; returns from month-end prices with distributions reinvested. SPYI leads on 3 of 5 measures above. For information only, not investment advice. Last fund data: Nov 9, 2026.