ProShares S&P 500 High Income ETF (ISPY) belongs to the Derivative Income category. Below you'll find alternative ETFs from the same category, ranked by key criteria, plus funds that investors commonly compare with ISPY. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.
Cheapest Alternatives to ISPY
ISPY charges 0.55% annually. There are 46 ETFs in the Derivative Income category with lower expense ratios, going as low as 0.10%.
| Symbol | Name | Expense Ratio | AUM | Inception | |
|---|---|---|---|---|---|
| Parametric Equity Plus ETF | 0.10% | 29.28M | Nov 2024 | ISPY vs PEPS | |
| State Street US Equity Premium Income ETF | 0.25% | 45.73M | Sep 2024 | ISPY vs SPIN | |
| iShares S&P 500 BuyWrite ETF | 0.25% | 324.77M | Mar 2024 | ISPY vs IVVW | |
| Fidelity Yield Enhanced Equity ETF | 0.28% | 198.84M | Apr 2024 | ISPY vs FYEE | |
| Global X Treasury Bond Enhanced Income ETF | 0.29% | — | Jul 2025 | ISPY vs TLTX |
Best Risk-Adjusted Alternatives to ISPY
ISPY has a PortfoliosLab risk / return rank of 58. There are 64 ETFs in the Derivative Income category with higher risk-adjusted ranks, going as high as 96.
| Symbol | Name | Risk / Return Rank | AUM | Inception | |
|---|---|---|---|---|---|
| Simplify Treasury Option Income ETF | 96 | 474.96M | Oct 2022 | ISPY vs BUCK | |
| SoFi Enhanced Yield ETF | 96 | 34.73M | Nov 2023 | ISPY vs THTA | |
| YieldMax GOOGL Option Income Strategy ETF | 94 | 246.95M | Jul 2023 | ISPY vs GOOY | |
| YieldMax Semiconductor Portfolio Option Income ETF | 94 | 1.16B | Apr 2025 | ISPY vs CHPY | |
| First Trust Nasdaq BuyWrite Income ETF | 92 | 938.31M | Jan 2014 | ISPY vs FTQI |
Top Performing ISPY Alternatives (YTD)
ISPY is at 9.52% YTD. There are 84 ETFs in the Derivative Income category with higher YTD returns, going as high as 182.49%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| Roundhill ARM WeeklyPay ETF | 182.49% | 27.86M | Oct 2025 | ISPY vs ARMW | |
| Roundhill AMD WeeklyPay ETF | 181.24% | 116.76M | Jul 2025 | ISPY vs AMDW | |
| YieldMax AMD Option Income Strategy ETF | 107.90% | 443.39M | Sep 2023 | ISPY vs AMDY | |
| YieldMax MRNA Option Income Strategy ETF | 93.46% | 127.56M | Oct 2023 | ISPY vs MRNY | |
| YieldMax Semiconductor Portfolio Option Income ETF | 70.62% | 1.16B | Apr 2025 | ISPY vs CHPY |
Lowest Volatility Alternatives to ISPY
ISPY has 12.30% 1-year volatility. There are 75 ETFs in the Derivative Income category with lower 1-year volatility, going as low as 2.80%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Simplify Treasury Option Income ETF | 2.80% | 474.96M | Oct 2022 | ISPY vs BUCK | |
| FT Vest Laddered Autocallable Barrier & Resilient ... | 3.41% | 206.17M | Apr 2026 | ISPY vs ACYS | |
| FT Vest High Yield & Target Income ETF | 3.86% | 88.48M | Feb 2025 | ISPY vs HYTI | |
| Main Buywrite ETF | 4.85% | 1.26B | Dec 2015 | ISPY vs BUYW | |
| GraniteShares YieldBOOST 20Y+ Treasuries ETF | 5.00% | 726.94K | May 2026 | ISPY vs FIYY |
Lowest Drawdown Alternatives to ISPY
ISPY has a 1-year max drawdown of -8.43%. There are 60 ETFs in the Derivative Income category with shallower 1-year drawdowns, going as shallow as -0.84%.
| Symbol | Name | Max Drawdown 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Simplify Treasury Option Income ETF | -0.84% | 474.96M | Oct 2022 | ISPY vs BUCK | |
| FT Vest High Yield & Target Income ETF | -2.38% | 88.48M | Feb 2025 | ISPY vs HYTI | |
| Main Buywrite ETF | -2.59% | 1.26B | Dec 2015 | ISPY vs BUYW | |
| SoFi Enhanced Yield ETF | -2.64% | 34.73M | Nov 2023 | ISPY vs THTA | |
| VistaShares Target 15™ Berkshire Select Income ETF | -3.00% | 774.36M | Mar 2025 | ISPY vs OMAH |
Other ETFs from ProShares
The 10 most viewed ProShares ETFs shown here include TQQQ, QLD, BITO and span 10 categories. AUM among these funds goes as high as $37B.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|---|---|
| ProShares UltraPro QQQ | Leveraged Equities | 48 | 41.76% | 37.04B | Feb 2010 | ISPY vs TQQQ | |
| ProShares Ultra QQQ | Leveraged Equities | 50 | 30.22% | 14.15B | Jun 2006 | ISPY vs QLD | |
| ProShares Bitcoin Strategy ETF | Cryptocurrency | 2 | -27.10% | 1.45B | Oct 2021 | ISPY vs BITO | |
| ProShares UltraPro S&P 500 | Leveraged Equities, S&P 500 | 56 | 26.57% | 5.47B | Jun 2009 | ISPY vs UPRO | |
| ProShares Ultra S&P500 | Leveraged Equities, S&P 500 | 58 | 19.03% | 8.13B | Jun 2006 | ISPY vs SSO | |
| ProShares Ultra Semiconductors | Leveraged Equities, Semiconductors | 69 | 76.24% | 2.97B | Jan 2007 | ISPY vs USD | |
| ProShares S&P 500 Dividend Aristocrats ETF | Dividend, S&P 500, Large Cap Value Equities | 36 | 8.71% | 11.63B | Oct 2013 | ISPY vs NOBL | |
| ProShares UltraPro Short QQQ | Leveraged Equities, Inverse Equities, Nasdaq-100 | 1 | -41.78% | 2.09B | Feb 2010 | ISPY vs SQQQ | |
| ProShares Nasdaq-100 High Income ETF | Nasdaq-100, Derivative Income, Dividend | 54 | 14.52% | 410.75M | Mar 2024 | ISPY vs IQQQ | |
| ProShares Ultra VIX Short-Term Futures ETF | Volatility | 1 | -36.79% | 216.19M | Oct 2011 | ISPY vs UVXY |
Often Compared With ISPY
Investors most often compare ISPY with SPYI, SPY, GPIX. These 20 comparison targets span 10 categories, based on PortfoliosLab usage data.
Compare ISPY with Any Fund or Stock
Compare ISPY with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair ISPY with funds that move differently
ProShares S&P 500 High Income ETF alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to ISPY.
Explore ISPY Diversifiers