1
Derived from payout historyIncome reliability
Monthly income profile is visible
ISPY has an income profile aligned with its covered-call / enhanced-income role. Provider data shows 12 recent payout records.
Market dataIncome framework read
Covered-Call / Enhanced-IncomeNYSEUnited States
ISPY
ProShares S&P 500 High Income ETF
Multi-Sector (ETF / Fund)Covered-call structureUnknown
Market Snapshot
US$48.20
-US$0.20 (-41.32%)
Cboe US
Yield
N/A
Rate US$2.26
Next Payment
Next pay N/A
Ex-date N/A
52wk Position
96.83%
-0.56% below high
Updated just now
Income Intelligence Summary
Deterministic interpretation from Prospyr's income framework and available market data.
2
Editorial frameworkDRIP defense
Default DRIP test is not defended
ISPY does not cover one full share per payment at the default 100-share test. Coverage is 0.62.
3
Editorial frameworkMain watch item
Distribution composition can drive tax friction
ISPY sits in the covered-call or enhanced-income bucket. Review how much of the distribution comes from option income, return of capital, dividends, or other sources.
Decision Area
Distribution and DRIP Defense
Payout history, default DRIP coverage, and price creep pressure using market data where available.
Distribution Chart
Last 12 payments
Confirmed Expected
Coverage Ratio Test
DRIP defense check
- Cash
- US$30.10
- APR
- 0.624
- Coverage
- 0.624
Rung failed. Restore immediately or rebalance the holding.
Price Creep
Defended price ceiling
- Max defended
- US$30.10
- Cushion
- -US$18.10
- Cushion %
- -37.55%
Current US$48.20Break US$30.10
Smart Recommendation
ISPY is not defended at these inputs; top up shares, lower TPR, or test alternatives.
Research Signals
Research in progress
DRIP availability
Pending
Tax character
Pending
Distribution history
Pending
Structure Overview
This is a covered-call or enhanced-income product that layers an option-premium strategy on top of an equity or bond portfolio to generate higher stated distributions. The option premiums can reduce upside participation when underlying securities appreciate quickly. Distribution stability, tax character, and total return can all differ meaningfully from a plain dividend stock or index ETF.
Canadian Planning Notes
- 1Covered-call ETF distributions often include a return-of-capital component that is not visible in the headline yield; verify the annual T3 or T5 slip for actual tax character.
- 2Compare the covered-call product against its plain-equity equivalent on a total-return basis before treating the higher yield as equivalent income.
- 3These structures are generally not more tax-efficient than eligible dividends in a non-registered account; TFSA or RRSP placement removes the annual tax-character complexity.
Market Facts
Market Data
A factual market, distribution, valuation, and financial snapshot for this holding.
Market Data
Market data
Price
US$48.20
Previous close
US$48.40
Day range
US$48.11 - US$48.43
52wk range
US$39.94 - US$48.47
Market cap
N/A
Volume
142.2K
Avg volume
116.1K
Exchange
Cboe US
Dividend and distribution
Forward rate
N/A
Trailing rate
US$2.26
Forward yield
N/A
Trailing yield
0.00%
Per payment
US$0.30
Cadence
Monthly
Next ex-date
N/A
Next pay
N/A
Last dividend
US$0.30
Last dividend date
May 1, 2026
Performance
Daily change
-US$0.20
Daily change %
-41.32%
52wk position
96.83%
Below 52wk high
-0.56%
Above 52wk low
20.68%
Open
US$48.12
Earnings and financials
Trailing EPS
N/A
Forward EPS
N/A
Revenue
N/A
Revenue growth
N/A
Profit margin
N/A
Operating margin
N/A
Payout ratio
N/A
Free cash flow
N/A
Total cash
N/A
ROE
N/A
ROA
N/A
Debt/equity
N/A
Beta
N/A
Valuation
Trailing P/E
27.77
Forward P/E
N/A
Price/sales
N/A
Price/book
N/A
Enterprise value
N/A
EV/EBITDA
N/A
Analyst facts
Target mean
N/A
Target high
N/A
Target low
N/A
Recommendation mean
N/A
Recommendation key
N/A
Analysts
N/A
Canadian Context
Account placement
TFSA
Covered-call distributions often include return of capital, which can require cost-basis tracking in taxable accounts.
RRSP: Also avoids annual return-of-capital tracking.
Eligible dividend tax credit
- Total credit
- $345.27
- Effective rate
- 34.53%
Broker DRIP status
Questrade
Plan-only
Wealthsimple
Plan-only
RBC Direct Investing
Plan-only
TD Direct Investing
Plan-only
U.S.-listed holdings can have withholding tax differences by account type. RRSP treatment is often more favorable than TFSA treatment.
Run Your Numbers
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Compare With Peers
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This profile is informational only and does not constitute licensed financial advice. Signal values, planning notes, market data, and structure summaries may not reflect the most current issuer disclosures. Always verify current payout policy, ex-dividend dates, financial statements, and issuer communications before making any investment decision.