Dividend comparison
ISPY vs QDTE: Which Is Better for Income?
Fees, yield, total returns, drawdowns, holdings overlap and dividend history for ProShares - S&P 500 High Income ETF and Roundhill Nasdaq-100 0DTE Covered Call ETF Strategy ETF, side by side. Updated October 21, 2026.
ISPY vs QDTE: key differences
The short answer, from the latest data on this page.
- Fees. ISPY is cheaper at 0.55% a year versus 0.96% for QDTE. On $10,000 that is $41 a year less in fees.
- Income. QDTE pays more income, yielding 44.45% over the last twelve months versus 5.52% for ISPY. That is about $3,893 more a year on $10,000. ISPY pays monthly, QDTE pays weekly.
- Performance. Over the last 1 year, ISPY returned 6.6% versus -18.7% for QDTE, with dividends reinvested. $10,000 would have grown to $10,661 in ISPY and $8,130 in QDTE.
- Risk. QDTE has been the bumpier ride. Its worst peak-to-trough decline over the last 1 year was -24.3%, against -16.9% for ISPY.
- Diversification. ISPY holds 514 positions and QDTE holds 6. The ten largest positions make up 44.4% of ISPY and 191.0% of QDTE.
Bottom line: ISPY fits better if you care most about lower fees, stronger 1-year returns, smaller drawdowns and broader diversification. QDTE fits better if you care most about more income today.
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 | QDTE Roundhill Nasdaq-100 0DTE Covered Call ETF Strategy ETF |
|---|---|---|
| Dividend yield (TTM) | 5.52% | 44.45% |
| Dividend / share (TTM) | $2.65 | $12.50 |
| Payout frequency | Monthly | Weekly |
| Last dividend | $0.2523 on Oct 7, 2026 | $0.1292 on Oct 16, 2026 |
| Ex-dividend date | Oct 1, 2026 | Oct 15, 2026 |
| Price | $48.05 | $28.13 |
| Beta | 0.86 | 1.25 |
| Max drawdown (5Y) | -16.9% | -24.3% |
| Market cap | $1.15B | $902.1M |
| Exchange | CBOE | CBOE |
| Expense ratio | 0.55% | 0.96% |
| Assets under management | $1.16B | $912.7M |
| Number of holdings | 514 | 6 |
| Top 10 concentration | 44.4% | 191.0% |
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
QDTE
$370.39/mo
$4445 /yr at 44.45% yield
Dividend history
Total dividends paid per share in each calendar year. ISPY pays monthly; QDTE pays weekly.
| Year | ISPY | QDTE |
|---|---|---|
| 2025 | $3.9051 | $13.5402 |
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 Mar 7, 2024 would now be worth $13,651 in ISPY and $10,899 in QDTE.
| Period | ISPY | QDTE |
|---|---|---|
| 1 month | -0.08% | -2.33% |
| 3 months | 1.14% | -3.43% |
| Year to date | 5.30% | -8.79% |
| 1 year | 6.61% | -18.70% |
| 3 years | — | — |
| 5 years | — | — |
- ISPY
- QDTE
Both series indexed to 100 on 2024-03-07 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
- QDTE
ISPY vs QDTE 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
QDTE6 holdings total
| Name | Weight |
|---|---|
| 4QQQ 271119C00070110QQQ 11/19/2027 70.11 C | 73.39% |
| 4NDX 270319C02510150NDX 03/19/2027 2510.15 C | 25.86% |
| 4NDX 261218C024501004NDX US 12/18/26 C2450.1 FLX | 25.04% |
| 4NDX 270611C03059420NDX 06/11/2027 3059.42 C | 22.05% |
| 4NDX 260918C022500004NDX US 09/18/26 C2250 FLX | 18.15% |
| 4QQQ 270917C00070690QQQ 09/17/2027 70.69 C | 17.65% |
| WEEKRoundhill Weekly T-Bill ETF | 5.25% |
| FGXXXFirst American Government Obligations Fund 12/01/2031 | 3.59% |
Quick verdict
ISPY fits better if you care most about lower fees, stronger 1-year returns, smaller drawdowns and broader diversification. QDTE fits better if you care most about more income today. Model the holding inside your real portfolio before deciding.
Still deciding? Compare them in your portfolio
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Frequently asked questions
Is ISPY or QDTE better for dividend income?
It depends on your goals. ISPY currently yields 5.52% Trailing Twelve Months (TTM) while QDTE yields 44.45%. 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 QDTE?
ProShares - S&P 500 High Income ETF (ISPY) is an ETF listed on CBOE. Roundhill Nasdaq-100 0DTE Covered Call ETF Strategy ETF (QDTE) is an ETF listed on CBOE. Side-by-side metrics on this page cover yield, fees, returns, drawdowns, holdings overlap and dividend history when available.
Which is cheaper, ISPY or QDTE?
ISPY has the lower expense ratio. ISPY charges 0.55% a year and QDTE charges 0.96%, a difference of $41 a year on a $10,000 investment.
Which has performed better, ISPY or QDTE?
Over the last 1 year, ISPY has the higher total return with dividends reinvested: ISPY returned 6.6% and QDTE returned -18.7%. Past performance does not predict future returns.
Which is riskier, ISPY or QDTE?
Measured by the worst peak-to-trough decline over the last five years, QDTE has been riskier: ISPY fell as much as 16.9% and QDTE as much as 24.3%. Their betas are 0.86 and 1.25.
How often do ISPY and QDTE pay dividends?
ISPY pays monthly and QDTE pays weekly.
How much income does $10,000 in ISPY vs QDTE generate?
At current TTM yields, $10,000 in ISPY would generate roughly $46.00 per month ($552 annually). The same amount in QDTE would produce about $370.39 per month ($4445 annually). Actual payouts vary with distribution changes and reinvestment.
Can I hold both ISPY and QDTE?
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 QDTE with my full portfolio?
Create a free Dividend Wealth account to import or enter holdings, forecast dividend income, and see how ISPY and QDTE 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.