24/7 Wall Street
08 Aug 2026, 03:15 UTC · 2h ago
ISPY's 0.56% Fee Hides a $38,000 Decade-Long Performance Gap Against SPY
NewsImpactScreener rates every claim in this story for market impact and maps it to the tickers most exposed.
24/7 Wall Street
08 Aug 2026, 03:15 UTC · 2h ago
NewsImpactScreener rates every claim in this story for market impact and maps it to the tickers most exposed.
What the story claims
4 claims · each scored for market impact
ISPY's daily call-writing strategy resulted in significant upside sacrifice, underperforming SPY by over 2 percentage points YTD and 2.53 percentage points over the past year. — Direct evidence of performance drag in rising markets makes the fund less attractive compared to low-cost index trackers.
-0.40The ProShares S&P 500 High Income ETF (ISPY) carries a 0.56% expense ratio, which is significantly higher than the costs of SPY and VOO. — Higher management fees erode long-term compounded returns for shareholders.
-0.30ISPY maintains approximately 10.05% of its net assets in a money market ETF, creating a persistent cash drag on equity returns. — Reducing equity exposure in a bull market further limits the fund's ability to track the S&P 500 index.
-0.20Continue reading
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ISPY's distributions are primarily funded by return of capital (ROC), which defers taxes by reducing the investor's cost basis rather than eliminating the tax liability. — Tax deferral is a neutral-to-positive feature, but the resulting increase in future capital gains creates a latent tax liability.
-0.10Which stocks this story touches
The article criticizes the fund for high expense ratios, upside sacrifice, and complex tax implications compared to alternatives.
Praised for having a significantly lower expense ratio and no upside cap compared to ISPY.
Cited as a superior performer compared to ISPY with lower fees and higher year-to-date returns.
Presented as a lower-cost alternative for investors seeking covered-call strategies.
[mutual] Both are low-cost ETFs tracking the same 500 stocks.
[mutual] Both are ETFs providing exposure to the S&P 500, competing for investors seeking index returns.
[mutual] Both are ETFs providing exposure to the S&P 500, competing on cost and performance.
[mutual] Both are covered-call ETFs offering monthly income to investors.
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