Dividend comparison
ISPY vs QDVO: Which Is Better for Income?
Fees, yield, total returns, drawdowns, holdings overlap and dividend history for ProShares - S&P 500 High Income ETF and Amplify CWP Growth & Income ETF, side by side. Updated October 21, 2026.
ISPY vs QDVO: key differences
The short answer, from the latest data on this page.
- Fees. ISPY is cheaper at 0.55% a year versus 0.56% for QDVO. On $10,000 that is $1 a year less in fees.
- Income. QDVO pays more income, yielding 10.69% over the last twelve months versus 5.52% for ISPY. That is about $517 more a year on $10,000. Both pay monthly.
- Performance. Over the last 1 year, ISPY returned 6.6% versus 2.1% for QDVO, with dividends reinvested. $10,000 would have grown to $10,661 in ISPY and $10,208 in QDVO.
- Risk. Their worst declines over the last 1 year were similar: -16.9% for ISPY and -17.7% for QDVO from peak to trough.
- Diversification. ISPY holds 514 positions and QDVO holds 45. The ten largest positions make up 44.4% of ISPY and 58.0% of QDVO.
- Overlap. At least 42% of the two portfolios overlap by weight, across 32 shared holdings.
Bottom line: ISPY fits better if you care most about stronger 1-year returns and broader diversification. QDVO 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 | QDVO Amplify CWP Growth & Income ETF |
|---|---|---|
| Dividend yield (TTM) | 5.52% | 10.69% |
| Dividend / share (TTM) | $2.65 | $3.15 |
| Payout frequency | Monthly | Monthly |
| Last dividend | $0.2523 on Oct 7, 2026 | $0.2787 on Sep 30, 2026 |
| Ex-dividend date | Oct 1, 2026 | Sep 29, 2026 |
| Price | $48.05 | $29.46 |
| Beta | 0.86 | 1.02 |
| Max drawdown (5Y) | -16.9% | -17.7% |
| Market cap | $1.15B | $767.2M |
| Exchange | CBOE | AMEX |
| Expense ratio | 0.55% | 0.56% |
| Assets under management | $1.16B | $763.0M |
| Number of holdings | 514 | 45 |
| Top 10 concentration | 44.4% | 58.0% |
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
QDVO
$89.08/mo
$1069 /yr at 10.69% yield
Dividend history
Total dividends paid per share in each calendar year. ISPY pays monthly; QDVO pays monthly.
| Year | ISPY | QDVO |
|---|---|---|
| 2025 | $3.9051 | $2.8784 |
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 Aug 22, 2024 would now be worth $12,595 in ISPY and $13,520 in QDVO.
| Period | ISPY | QDVO |
|---|---|---|
| 1 month | -0.08% | -1.41% |
| 3 months | 1.14% | -0.07% |
| Year to date | 5.30% | 1.52% |
| 1 year | 6.61% | 2.08% |
| 3 years | — | — |
| 5 years | — | — |
- ISPY
- QDVO
Both series indexed to 100 on 2024-08-22 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
- QDVO
ISPY vs QDVO holdings overlap
At least 42% overlap by weight, with 32 holdings in common. Overlap adds up the smaller of the two weights for every stock both funds own, so 100% would mean identical portfolios.
| Largest shared holdings | ISPY weight | QDVO weight |
|---|---|---|
| NVDANVIDIA CORP | 6.70% | 10.25% |
| AAPLAPPLE INC | 6.38% | 9.59% |
| MSFTMICROSOFT CORP | 5.05% | 6.61% |
| AMZNAMAZON.COM INC | 3.28% | 5.24% |
| GOOGLALPHABET INC-CL A | 2.58% | 8.39% |
| AVGOBROADCOM INC | 2.03% | 3.26% |
| METAMETA PLATFORMS INC-CLASS A | 1.98% | 3.95% |
| TSLATESLA INC | 1.32% | 3.05% |
| MUMICRON TECHNOLOGY INC | 1.30% | 3.71% |
| LLYELI LILLY & CO | 1.27% | 3.73% |
Top 10 holdings
Largest positions by portfolio weight.
ISPY514 holdings total
Quick verdict
ISPY fits better if you care most about stronger 1-year returns and broader diversification. QDVO 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
Forecast dividend income, track payouts, and see how ISPY vs QDVO fits with the rest of your holdings. Free to start — no credit card required for the trial.
Frequently asked questions
Is ISPY or QDVO better for dividend income?
It depends on your goals. ISPY currently yields 5.52% Trailing Twelve Months (TTM) while QDVO yields 10.69%. 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 QDVO?
ProShares - S&P 500 High Income ETF (ISPY) is an ETF listed on CBOE. Amplify CWP Growth & Income ETF (QDVO) is an ETF listed on AMEX. Side-by-side metrics on this page cover yield, fees, returns, drawdowns, holdings overlap and dividend history when available.
Which is cheaper, ISPY or QDVO?
ISPY has the lower expense ratio. ISPY charges 0.55% a year and QDVO charges 0.56%, a difference of $1 a year on a $10,000 investment.
Which has performed better, ISPY or QDVO?
Over the last 1 year, ISPY has the higher total return with dividends reinvested: ISPY returned 6.6% and QDVO returned 2.1%. Past performance does not predict future returns.
Which is riskier, ISPY or QDVO?
Measured by the worst peak-to-trough decline over the last five years, QDVO has been riskier: ISPY fell as much as 16.9% and QDVO as much as 17.7%. Their betas are 0.86 and 1.02.
How much do ISPY and QDVO overlap?
At least 42% of the two portfolios overlap by weight, across 32 shared holdings. The largest shared positions are NVDA, AAPL, MSFT. Holding both still adds meaningful diversification.
How often do ISPY and QDVO pay dividends?
Both pay monthly. The most recent payments were $0.2523 for ISPY and $0.2787 for QDVO.
How much income does $10,000 in ISPY vs QDVO generate?
At current TTM yields, $10,000 in ISPY would generate roughly $46.00 per month ($552 annually). The same amount in QDVO would produce about $89.08 per month ($1069 annually). Actual payouts vary with distribution changes and reinvestment.
Can I hold both ISPY and QDVO?
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 QDVO with my full portfolio?
Create a free Dividend Wealth account to import or enter holdings, forecast dividend income, and see how ISPY and QDVO 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.