Dividend comparison
ISPY vs ODTE: Which Is Better for Income?
Fees, yield, total returns, drawdowns, holdings overlap and dividend history for ProShares - S&P 500 High Income ETF and VegaShares SPX NDX RTY Premium Income ETF, side by side. Updated October 21, 2026.
ISPY vs ODTE: key differences
The short answer, from the latest data on this page.
- Fees. ISPY is cheaper at 0.55% a year versus 0.76% for ODTE. On $10,000 that is $21 a year less in fees.
- Income. ODTE pays more income, yielding 7.95% over the last twelve months versus 5.52% for ISPY. That is about $243 more a year on $10,000. ISPY pays monthly, ODTE pays weekly.
- Risk. ISPY has been the bumpier ride. Its worst peak-to-trough decline over the last 5 years was -16.9%, against -11.6% for ODTE.
- Diversification. ISPY holds 514 positions and ODTE holds 3. The ten largest positions make up 44.4% of ISPY and 99.8% of ODTE.
- Size. ISPY is the larger fund with $1.2 billion in assets, against $2 million for ODTE.
Bottom line: ISPY fits better if you care most about lower fees and broader diversification. ODTE fits better if you care most about more income today and smaller drawdowns.
Side-by-side snapshot
Trailing twelve-month figures where available. Higher yield is highlighted — not a buy recommendation.
| Metric | ISPY ProShares - S&P 500 High Income ETF | ODTE VegaShares SPX NDX RTY Premium Income ETF |
|---|---|---|
| Dividend yield (TTM) | 5.52% | 7.95% |
| Dividend / share (TTM) | $2.65 | $1.94 |
| Payout frequency | Monthly | Weekly |
| Last dividend | $0.2523 on Oct 7, 2026 | $0.0670 on Oct 16, 2026 |
| Ex-dividend date | Oct 1, 2026 | Oct 15, 2026 |
| Price | $48.05 | $24.41 |
| Beta | 0.86 | 0.94 |
| Max drawdown (5Y) | -16.9% | -11.6% |
| Market cap | $1.15B | $936,451 |
| Exchange | CBOE | NASDAQ |
| Expense ratio | 0.55% | 0.76% |
| Assets under management | $1.16B | $2.2M |
| Number of holdings | 514 | 3 |
| Top 10 concentration | 44.4% | 99.8% |
Income on a $10,000 investment
Illustrative only — assumes current TTM yield stays constant. Actual distributions change.
ISPY
$46.00/mo
$552 /yr at 5.52% yield
ODTE
$66.22/mo
$795 /yr at 7.95% yield
Dividend history
Total dividends paid per share in each calendar year. ISPY pays monthly; ODTE pays weekly.
| Year | ISPY | ODTE |
|---|---|---|
| 2025 | $3.9051 | — |
Strategy: Options income
These funds own equities and sell call options against them, converting a share of future price appreciation into cash paid out now. How much upside is surrendered depends on the design: writing at the money on the whole portfolio pays the most and keeps the least, while writing on a partial slice or using purchased offsets keeps more of a rally. Distributions come mainly from option premium rather than from company dividends, so the headline yield is not comparable to a dividend fund's.
Payouts are variable rather than contractual, are often taxed as ordinary income, and a fund that pays out more than the strategy earns will see its net asset value drift down over time.
Performance
Total returns with dividends reinvested, from the adjusted closing price series. $10,000 invested on Jun 22, 2026 would now be worth $10,010 in ISPY and $8,958 in ODTE.
| Period | ISPY | ODTE |
|---|---|---|
| 1 month | -0.08% | -2.36% |
| 3 months | 1.14% | -7.08% |
| Year to date | 5.30% | — |
| 1 year | 6.61% | — |
| 3 years | — | — |
| 5 years | — | — |
- ISPY
- ODTE
Both series indexed to 100 on 2026-06-22 using the adjusted closing price series. Past performance does not guarantee future results.
Sector allocation
Weight of each sector within the fund. Sectors are aligned on the same row so the two funds can be read against each other directly.
- ISPY
- ODTE
ISPY vs ODTE holdings overlap
At least 0% overlap by weight, with 0 holdings in common. Overlap adds up the smaller of the two weights for every stock both funds own, so 100% would mean identical portfolios.
Top 10 holdings
Largest positions by portfolio weight.
ISPY514 holdings total
Quick verdict
ISPY fits better if you care most about lower fees and broader diversification. ODTE fits better if you care most about more income today and smaller drawdowns. Model the holding inside your real portfolio before deciding.
Still deciding? Compare them in your portfolio
Forecast dividend income, track payouts, and see how ISPY vs ODTE fits with the rest of your holdings. Free to start — no credit card required for the trial.
Frequently asked questions
Is ISPY or ODTE better for dividend income?
It depends on your goals. ISPY currently yields 5.52% Trailing Twelve Months (TTM) while ODTE yields 7.95%. Higher yield means more current income per dollar invested, but may come with different risk, growth, or NAV characteristics. Compare total return and payout sustainability — not just the headline yield.
What is the difference between ISPY and ODTE?
ProShares - S&P 500 High Income ETF (ISPY) is an ETF listed on CBOE. VegaShares SPX NDX RTY Premium Income ETF (ODTE) is an ETF listed on NASDAQ. Side-by-side metrics on this page cover yield, fees, returns, drawdowns, holdings overlap and dividend history when available.
Which is cheaper, ISPY or ODTE?
ISPY has the lower expense ratio. ISPY charges 0.55% a year and ODTE charges 0.76%, a difference of $21 a year on a $10,000 investment.
Which is riskier, ISPY or ODTE?
Measured by the worst peak-to-trough decline over the last five years, ISPY has been riskier: ISPY fell as much as 16.9% and ODTE as much as 11.6%. Their betas are 0.86 and 0.94.
How often do ISPY and ODTE pay dividends?
ISPY pays monthly and ODTE pays weekly.
How much income does $10,000 in ISPY vs ODTE generate?
At current TTM yields, $10,000 in ISPY would generate roughly $46.00 per month ($552 annually). The same amount in ODTE would produce about $66.22 per month ($795 annually). Actual payouts vary with distribution changes and reinvestment.
Can I hold both ISPY and ODTE?
Yes. Many income investors hold both to diversify strategy or index exposure. Whether the combination actually diversifies depends on overlapping holdings and factor exposure. Model both inside Dividend Wealth to see combined income, sector mix, and forecast impact.
Where can I compare ISPY vs ODTE with my full portfolio?
Create a free Dividend Wealth account to import or enter holdings, forecast dividend income, and see how ISPY and ODTE fit alongside the rest of your portfolio. A 14-day free trial of Standard is available with no credit card required; a limited Free plan is also available.
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For informational and educational purposes only. Not investment advice. Past performance and current yields do not guarantee future results. Verify figures independently before making investment decisions.