ISPY/ ProShares S&P 500 High Income
Comprehensive risk audit, payout history, and forward-looking dividend projections.
What This Page Shows
- Dividend yield and net yield after fees (3.10% vs 2.54%)
- Risk tier classification: Tier 4 Volatility Harvest
- TTM NAV change: 4.4%
- Income sustainability flags and payout history trends
DivAgent Audit Brief
ISPY is a Tier 4 Volatility Harvest asset yielding 3.10%. It utilizes an aggressive options strategy to generate income, resulting in high immediate yield but significant risk of NAV erosion. NAV stability remains within healthy ranges.
Provider
ProShares
Sector
Multi
Asset Class
Derivative Income
Expense Ratio
0.56%
AUM
$1.15B
Inception
—
Distribution
monthly
NAV Change (1Y)
4.4%
Who Should Buy ISPY?
ISPY is best suited for Income Maximizers. The fund generates a 3.10% yield through collecting dividends from portfolio companies.
Aggressive income seekers who prioritize high current cash flow over capital appreciation.
You are building a 'forever portfolio' and cannot tolerate NAV (share price) decline.
Quick Audit
- TypeTraditional Equity
- ComplexityHigh
- Tax EfficiencyLow (Ordinary Income)
- VolatilityModerate (Lower Beta)
Comparing stated yield to actual total return performance
High-Yield Strategy Note: Tier 4 funds use aggressive income strategies. Always evaluate total return alongside yield to understand true performance.
Institutional Data Locked
Advanced liquidity metrics for Tier 4 assets are available to Premium members.
Unlock MetricsDivAgent Analyst Verdict
“ISPY is currently serving as a high-yield accelerator. Investors should be aware that stocks selected primarily for high current yield rather than growth.”
Risk Profile Audit
Classified as high risk to principal. Significant NAV erosion is possible during volatile markets. Suitable only for income-focused satellite positions.
Price Chart
Live DataCalculate Your Returns
Estimate income for ISPY
~21.56 shares at $46.38
Estimates use the latest forecasted distribution and are not guarantees.
Track ISPY in DivAgentVerified Payout History
Last 5 of 20 Payments| Ex-Dividend Date | Amount | Frequency | Status |
|---|---|---|---|
| Dec 24, 2025 | $0.1200 | Monthly | PAID |
| Dec 01, 2025 | $0.2030 | Monthly | PAID |
| Nov 03, 2025 | $0.0750 | Monthly | PAID |
| Oct 01, 2025 | $0.1020 | Monthly | PAID |
| Sep 02, 2025 | $0.1590 | Monthly | PAID |
+15 more dividends hidden | |||
15 more dividends available
Upgrade to Premium to see up to 10 historical dividends, or Pro for unlimited access.
Compare ISPY Alternatives
See All ComparisonsISPY FAQ
Common questions about ISPY dividends, safety, and performance
Institutional Analysis Context
This FAQ section provides institutional-grade analysis of ISPY. DivAgent evaluates dividend ETFs using a proprietary 5-Tier Risk Spectrum that measures income sustainability, NAV erosion risk, and distribution source quality. Data is updated daily from market sources.
DivAgent Data Methodology
Risk Tier Classification
Our 5-Tier Risk Spectrum is not an editorial opinion. It is a quantitative scoring model derived from 36-month volatility, max drawdown depth, and option skew (for derivative funds). A "Tier 1" rating implies volatility comparable to short-term treasuries, while "Tier 5" indicates localized volatility exceeding the S&P 500.
NAV Erosion Calculation
We calculate "Erosion" by stripping out distribution payments to isolate the price performance of the underlying collateral. If a fund's share price drops by more than its distribution yield over a rolling 12-month period, it is flagged as eroding capital. This protects investors from "Yield Traps" that return their own principal as taxable income.
Yield vs. Income
DivAgent distinguishes between "SEC Yield" (standardized) and "Distribution Rate" (cash-on-cash). For option-income ETFs (e.g., Covered Calls), we prioritize the Trailing 12-Month (TTM) distribution rate as a more accurate reflection of realized income, while flagging that future payouts fluctuate with implied volatility.
Performance Benchmarking
All "Total Return" metrics differ from price return. We assume immediate reinvestment of all dividends (DRIP) on the pay date, with no tax friction. This "Net Total Return" metric allows for a true apples-to-apples comparison between high-yield/flat-price funds and low-yield/high-growth funds.