ProShares S&P 500 High Income ETF
ISPY - ETF AI Analysis
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ProShares S&P 500 High Income ETF (ISPY)
ISPY, the ProShares S&P 500 High Income ETF, has a solid overall rating driven largely by high-quality mega-cap holdings like Microsoft and Alphabet, which benefit from strong financial performance, positive earnings outlooks, and strategic growth in AI and cloud services. Additional support comes from leaders such as Apple and Nvidia, though some holdings face risks from high valuations, mixed technical signals, and leverage or cash flow challenges, which slightly temper the fund’s overall appeal and highlight the risk of concentration in large technology and AI-focused companies.
ISPY vs. SPDR S&P 500 ETF (SPY)
- AUM
- 1.12B
- Region
- North America
- Expense Ratio
- 0.55%
- Beta
- 0.90
- Issuer
- ProShares
- Inception Date
- Dec 18, 2023
- Dividend Yield
- 5.94%
- Asset Class
- Equity
- Index Tracked
- S&P 500 Daily Covered Call Index - Benchmark TR Gross
ISPY Summary
ProShares S&P 500 High Income ETF (ISPY) is an exchange-traded fund that follows the S&P 500 Daily Covered Call Index, focusing on large U.S. companies that can generate higher income. It mainly holds well-known names like Apple, Microsoft, Nvidia, and Amazon, with a strong tilt toward technology stocks but also includes financial, health care, and consumer companies. Someone might invest in ISPY to seek regular income from big, established U.S. firms while still getting stock market growth potential. A key risk is that the fund can go up and down with the stock market and is heavily exposed to large U.S. tech companies.
How much will it cost me?
This ETF has an expense ratio of 0.55%, which means you’ll pay about $5.50 per year for every $1,000 you invest. That’s higher than the average low-cost index ETF because ISPY uses an income-focused, covered-call strategy and is more actively managed than a plain S&P 500 index fund.
What would affect this ETF?
ISPY could benefit if large U.S. companies, especially big technology names like Nvidia, Apple, and Microsoft, keep growing profits and maintaining strong dividend and income policies, and if the U.S. economy stays healthy with stable or falling interest rates that support stock valuations. On the downside, the ETF could be hurt by market pullbacks in major tech stocks, rising interest rates that make income-focused strategies less attractive, or U.S. regulatory and tax changes that reduce the appeal of high-income, large-cap companies.
ISPY Top 10 Holdings
ISPY’s story is all about U.S. mega-cap tech powering an income-focused strategy. Nvidia and Apple sit in the driver’s seat, with Apple steadily climbing while Nvidia’s longer-term gains are offset by some recent wobbling. Microsoft and Amazon are also pulling their weight, keeping the tech engine humming. On the flip side, Alphabet’s twin share classes have been losing steam lately, acting as a mild drag, while Meta’s mixed pattern adds some bumpiness. Overall, this is a North America–centric fund leaning heavily on Big Tech to do the heavy lifting.
| Name | Company Name | Weight % | Market Value | Market Cap | Yearly Gain | Overall Rating |
|---|---|---|---|---|---|---|
 AAPL | Apple | 6.65% | $75.55M | $5.06T | 29.20% | 79Outperform |
 NVDA | Nvidia | 5.39% | $61.25M | $4.07T | -10.06% | 76Outperform |
 MSFT | Microsoft | 4.96% | $56.37M | $3.96T | 2.45% | 79Outperform |
 AMZN | Amazon | 3.35% | $38.06M | $2.93T | 6.85% | 71Outperform |
 GOOGL | Alphabet Class A | 2.21% | $25.09M | $3.50T | 0.73% | 85Outperform |
 AVGO | Broadcom | 2.11% | $23.93M | $1.58T | -1.91% | 76Outperform |
 META | Meta Platforms | 1.78% | $20.20M | $1.64T | 0.27% | 76Outperform |
 GOOG | Alphabet Class C | 1.77% | $20.12M | $3.50T | -0.38% | 82Outperform |
 LLY | Eli Lilly & Co | 1.47% | $16.75M | $1.35T | 45.38% | 72Outperform |
ISPY Technical Analysis
Price Trends
Market Momentum
Evaluating momentum and price trends is crucial in ETF analysis to make informed investment decisions. For ISPY, the sentiment is Positive. The current price of 47.41 is above the 20-day moving average (MA) of 47.33, below the 50-day MA of 47.57, and above the 200-day MA of 45.91, indicating a neutral trend. The MACD of -0.24 indicates Positive momentum. The RSI at 50.69 is Neutral, neither overbought nor oversold. The STOCH value of 58.95 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for ISPY.
ISPY Peer Comparison
Comparison Results
| Name | Price | Price Target | AUM | Expense Ratio | Overall Rating |
|---|---|---|---|---|---|
| ISPY | $47.41 | $50.00(5.46% Upside) | $1.12B | 0.55% | 62Neutral |
 JQUA | $76.21 | $89.02(16.80% Upside) | $9.86B | 0.12% | 73Outperform |
 VONE | $344.06 | $431.09(25.30% Upside) | $9.40B | 0.06% | 73Outperform |
 FELC | $42.87 | $51.51(20.16% Upside) | $8.93B | 0.18% | 73Outperform |
 TCAF | $43.50 | $53.35(22.64% Upside) | $8.27B | 0.31% | 69Neutral |
 QYLD | $17.98 | $23.42(30.25% Upside) | $8.04B | 0.60% | 73Outperform |
Performance Comparison
| Show on chart | Ticker | Company Name | Price | Change | % Change |
|---|---|---|---|---|---|
| ISPY | ProShares S&P 500 High Income ETF | 47.41 | 4.86 | 11.43% | |
| JQUA | JPMorgan U.S. Quality Factor ETF | 76.21 | 14.93 | 24.36% | |
| VONE | Vanguard Russell 1000 ETF | 344.06 | 43.15 | 14.34% | |
| FELC | Fidelity Enhanced Large Cap Core ETF | 42.87 | 5.73 | 15.43% | |
| TCAF | T. Rowe Price Capital Appreciation Equity ETF | 43.50 | 5.27 | 13.79% | |
| QYLD | Global X NASDAQ 100 Covered Call ETF | 17.98 | 2.52 | 16.31% |
This AI Analyst ETF Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in ETFs carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.