The ProShares S&P 500 High Income ETF (ISPY) offers higher monthly income through daily call option writing but charges a 0.56% annual fee, significantly more than standard S&P 500 ETFs like SPY or VOO. This strategy limits upside gains, as shown by ISPY's lower returns compared to SPY over the past year. Additionally, ISPY's tax treatment defers taxes via return of capital, complicating tax planning. Investors should weigh the income benefits against higher costs, capped growth, and cash drag before choosing ISPY over cheaper, more straightforward S&P 500 ETFs or other covered-call alternatives like JEPI.
In 2026, investors have moved about $57 billion into the State Street SPDR Portfolio S&P 500 ETF (SPYM), attracted by its lower fees (0.02% vs. SPY's 0.0945%) and more efficient structure as an open-end fund. SPYM tracks the same S&P 500 index as SPY...
The Invesco High-Yield Equity Dividend Achievers ETF (PEY) has been upgraded to a 'buy' rating due to strong earnings trends, an attractive estimated yield of 4.17%, and a forward price-to-earnings ratio of 11.65. Since January 2026, PEY has outperfo...
