- CUSIP
- 74347G242
- Issuer
- ProShares
- Inception Date
- Dec 18, 2023
- Category
- Derivative Income, S&P 500
- Leveraged
- 1x (No leverage)
- Index Tracked
- S&P 500 Daily Covered Call Index
- Domicile
- United States
- Distribution Policy
- Distributing
- Asset Class
- Equity
- Asset Class Size
- Large-Cap
- Asset Class Style
- Blend
- Assets Under Management
- $1B
Share Price Chart
Loading charts...
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Performance
ISPY Performance Chart
ProShares S&P 500 High Income ETF (ISPY) is up 8.2% since the beginning of the year. ISPY is currently trading at $48 per share.
Loading charts...
Returns By Period
ProShares S&P 500 High Income ETF (ISPY) has returned 8.16% so far this year and 23.56% over the past 12 months.
ProShares S&P 500 High Income ETF
- 1D
- -0.29%
- 1M
- 0.06%
- YTD
- 8.16%
- 6M
- 7.64%
- 1Y
- 23.56%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
Benchmark (S&P 500 Index)
- 1D
- -0.37%
- 1M
- -0.01%
- YTD
- 9.16%
- 6M
- 8.64%
- 1Y
- 25.22%
- 3Y*
- 19.78%
- 5Y*
- 11.99%
- 10Y*
- 13.88%
ISPY Monthly Returns History
Based on dividend-adjusted daily data since Dec 20, 2023, ISPY's average daily return is +0.07%, while the average monthly return is +1.34%. At this rate, an investment would double in approximately 4.3 years.
Historically, 68% of months were positive and 32% were negative. The best month was Apr 2026 with a return of +8.7%, while the worst month was Mar 2025 at -4.9%. The longest winning streak lasted 6 consecutive months, and the longest losing streak was 3 months.
On a daily basis, ISPY closed higher 58% of trading days. The best single day was Apr 9, 2025 with a return of +4.6%, while the worst single day was Apr 4, 2025 at -5.7%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 1.64% | -1.11% | -4.58% | 8.67% | 5.44% | -1.59% | 8.16% | ||||||
| 2025 | 2.75% | -1.69% | -4.86% | -3.38% | 5.36% | 5.47% | 2.21% | 1.19% | 3.67% | 2.56% | -0.47% | 0.18% | 13.15% |
| 2024 | 1.06% | 3.50% | 3.28% | -3.37% | 4.35% | 3.26% | 0.90% | 2.61% | 2.56% | -0.74% | 4.97% | -2.51% | 21.31% |
| 2023 | 0.35% | 0.35% |
Benchmark Metrics
ProShares S&P 500 High Income ETF has an annualized alpha of 0.81%, beta of 0.84, and R2 of 0.91 versus S&P 500 Index. Calculated based on daily prices since December 20, 2023.
- This ETF participated in 102.20% of S&P 500 Index downside but only 92.21% of its upside - more exposed to losses than it benefited from rallies.
- Alpha
- 0.81%
- Beta
- 0.84
- R²
- 0.91
- Upside Capture
- 92.21%
- Downside Capture
- 102.20%
Expense Ratio
ISPY has an expense ratio of 0.55%, placing it in the medium range.
Return for Risk
Risk / Return Rank
ISPY ranks 60 for risk / return — on par with similar ETFs. You're getting a typical balance of risk and reward. Not a standout, but not a red flag either — a reasonable choice if other factors align with your goals.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for ProShares S&P 500 High Income ETF (ISPY) and compare them to S&P 500 Index.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| ISPY | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.06 | ||
| Sortino ratioReturn per unit of downside risk | -0.17 | ||
| Omega ratioGain probability vs. loss probability | 1.35 | 1.37 | -0.02 |
| Calmar ratioReturn relative to maximum drawdown | 2.81 | 2.78 | +0.02 |
| Martin ratioReturn relative to average drawdown | 11.59 | 12.44 | -0.85 |
Dividends
Dividend History
ProShares S&P 500 High Income ETF provided a 4.47% dividend yield over the last twelve months, with an annual payout of $2.15 per share.
| Period | TTM | 2025 | 2024 |
|---|---|---|---|
| Dividend | $2.15 | $3.91 | $4.36 |
Dividend yield | 4.47% | 8.56% | 9.84% |
Monthly Dividends
The table displays the monthly dividend distributions for ProShares S&P 500 High Income ETF. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.00 | $0.23 | $0.21 | $0.30 | $0.30 | $0.23 | $1.28 | ||||||
| 2025 | $0.00 | $0.33 | $0.18 | $0.91 | $1.27 | $0.35 | $0.17 | $0.05 | $0.16 | $0.10 | $0.07 | $0.32 | $3.91 |
| 2024 | $0.48 | $0.32 | $0.32 | $0.36 | $0.31 | $0.45 | $0.27 | $0.62 | $0.34 | $0.38 | $0.52 | $4.36 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
Loading charts...
Worst Drawdowns
The table below displays the maximum drawdowns of the ProShares S&P 500 High Income ETF. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the ProShares S&P 500 High Income ETF was 16.88%, occurring on Apr 8, 2025. Recovery took 59 trading sessions.
The current ProShares S&P 500 High Income ETF drawdown is 2.02%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
2025 selloff2025 | -16.88%Apr 2025 | 1mo 17d | 2mo 26d | 4mo 13dFeb 2025 - Jul 2025 |
2026 pullback2026 | -8.43%Mar 2026 | 1mo 26d | 21d | 2mo 17dJan 2026 - Apr 2026 |
2024 pullback2024 | -7.88%Aug 2024 | 19d | 1mo 15d | 2mo 4dJul 2024 - Sep 2024 |
2025 pullback2025 | -5.68%Nov 2025 | 21d | 1mo 4d | 1mo 25dOct 2025 - Dec 2025 |
2024 pullback2024 | -4.90%Apr 2024 | 18d | 21d | 1mo 9dApr 2024 - May 2024 |
Drawdown Indicators
| ISPY | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -16.88% | -56.78% | +39.90% |
Max Drawdown (1Y)Largest decline over 1 year | -8.43% | -9.10% | +0.67% |
Max Drawdown (3Y)Largest decline over 3 years | — | -18.90% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -25.43% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.92% | — |
Current DrawdownCurrent decline from peak | -2.02% | -1.80% | -0.22% |
Average DrawdownAverage peak-to-trough decline | -2.09% | -10.71% | +8.62% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.04% | 2.03% | +0.01% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
Loading charts...
Build a portfolio with ISPY
Add ProShares S&P 500 High Income ETF to a portfolio and analyze allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Analyzer with ISPY