ISPY vs SPYI: Dividend Yield, Total Return & Fees Compared
S&P 500 High IncomeNEOS S&P 500 High Income
Data as of the close · refreshed automatically every trading day
Performance: ISPY vs SPYI
Total return assumes every distribution is reinvested. Switch to price return to see the change in share price alone.
Total Return (%) · dividends reinvested · Nov 7, 2025 – Nov 9, 2026
DividendDuel.comISPY vs SPYI at a glance
This page compares S&P 500 High Income (ISPY) with NEOS S&P 500 High Income (SPYI) using prices and distributions through November 9, 2026. The numbers update automatically after each trading session.
With dividends reinvested, SPYI has led over the last 12 months at +13.07% versus +10.16% for ISPY. SPYI currently yields 12.08% (trailing 12-month) against 5.99% for ISPY.
SPYI leads on both current yield and 1-year total return. Yields and returns move with markets, so check the longer periods below before drawing conclusions.
| Metric | ISPY | SPYI |
|---|---|---|
| Last close | $47.00 | $52.33 |
| Dividend yield | 5.99% (TTM) | 12.08% (TTM) |
| Expense ratio | 0.55% | 0.68% |
| Pays | monthly | monthly |
| Dividends, last 12 months | $2.82 (12 payments) | $6.32 (12 payments) |
| Issuer | ProShares ETFs | NEOS Investments |
| Inception | — | — |
Overview
Key fund stats as of the latest close.
Total returns
Price change plus dividends paid, by holding period. Best in each period is outlined.
Downside and distribution variability
Income and ending returns do not describe the whole investment experience.
Across 724 shared trading dates from December 20, 2023 to November 9, 2026, the largest observed peak-to-trough decline with dividends reinvested was -16.89% for ISPY and -16.46% for SPYI. These figures use the same available dates for both instruments, exclude intraday moves, and are not forecasts.
ISPY's recorded distributions over the 12 months ending November 9, 2026 ranged from $0.1195 to $0.3026 per share across 12 distribution dates. A payment range includes special distributions and does not establish the amount of a future payment.
SPYI's recorded distributions over the 12 months ending November 9, 2026 ranged from $0.5087 to $0.5423 per share across 12 distribution dates. A payment range includes special distributions and does not establish the amount of a future payment.
Fund expense ratios are annual operating costs, not a bill added to the historical returns shown here. Trading spreads, brokerage costs and personal taxes can reduce an investor's realized return.
Recent distributions
The latest 12 distributions per share, newest first. Dates are reported ex-dividend dates, not cash payment dates.
| ISPY | SPYI | ||
|---|---|---|---|
| Nov 2, 2026 | $0.2373 | Oct 21, 2026 | $0.5087 |
| Oct 1, 2026 | $0.2523 | Sep 16, 2026 | $0.5338 |
| Sep 1, 2026 | $0.232 | Aug 19, 2026 | $0.5423 |
| Aug 3, 2026 | $0.2426 | Jul 22, 2026 | $0.530 |
| Jul 1, 2026 | $0.2518 | Jun 16, 2026 | $0.531 |
| Jun 1, 2026 | $0.2329 | May 20, 2026 | $0.5353 |
| May 1, 2026 | $0.3007 | Apr 22, 2026 | $0.5247 |
| Apr 1, 2026 | $0.3026 | Mar 18, 2026 | $0.5104 |
| Mar 2, 2026 | $0.2109 | Feb 18, 2026 | $0.5219 |
| Feb 2, 2026 | $0.2292 | Jan 21, 2026 | $0.5309 |
| Dec 24, 2025 | $0.1195 | Dec 24, 2025 | $0.5316 |
| Dec 1, 2025 | $0.2031 | Nov 26, 2025 | $0.5216 |
ISPY vs SPYI: common questions
Which pays a higher dividend, ISPY or SPYI?
As of November 9, 2026, ISPY yields 5.99% (trailing 12-month) and SPYI yields 12.08% (trailing 12-month), so SPYI currently pays the higher yield. A higher yield does not guarantee a higher total return.
Which has performed better, ISPY or SPYI?
Over the past year with dividends reinvested, ISPY returned +10.16% and SPYI returned +13.07%. Past performance does not predict future results.
What would $10,000 in ISPY vs SPYI be worth after one year?
With dividends reinvested, $10,000 invested one year before November 9, 2026 would have grown to about $11,016 in ISPY and $11,307 in SPYI.
Which is cheaper to own, ISPY or SPYI?
ISPY has the lower expense ratio at 0.55% a year, compared with 0.68% for SPYI. On $10,000 that is roughly $55 vs $68 a year.
How often do ISPY and SPYI pay dividends?
ISPY pays monthly (12 payments in the last 12 months) and SPYI pays monthly (12 payments).
Is ISPY or SPYI the better investment?
It depends on your goals, time horizon and tax situation. Income-focused investors often weigh yield and payment frequency, while long-term investors usually compare total return and fees. Dividend Duel is an educational tool and does not provide investment advice.
Research ISPY and SPYI beyond the yield
Payment frequency describes the schedule, not the sustainability of income. Compare the range of recorded payments, drawdowns and total return, and review the issuer's option strategy separately.
Review S&P 500 High Income (ISPY) payment history and NEOS S&P 500 High Income (SPYI) payment history before choosing assumptions for the dividend reinvestment calculator. Run each scenario separately; the calculator uses your rates rather than importing these historical returns.
For a cash target, use the income goal calculator. Read our guide to comparing dividend ETFs and data and editorial approach for context on the historical figures.
Related comparisons
More side-by-side comparisons with ISPY and SPYI.
Published by Delta Dividends LLC. This page is for education only and is not investment advice. Past performance does not guarantee future results. Read the full disclosure.