ISPY vs XDTE: Income Fund Comparison
Proshares S&P 500 High Income ETF - US (ISPY) and Roundhill S&P 500 0DTE Covered Call Strategy ETF - US (XDTE) are both income-focused funds. Below is our independent side-by-side review using the Dependable Income Investing 13-factor scoring system — designed specifically for income investors seeking reliable, sustainable distributions.
Also see: ISPY individual review · XDTE individual review
ISPY: Expense ratio is 0.56% XDTE: XDTE's gross expense ratio of 0.97% is slightly above average for similar ETFs - reflecting the active management and complexity of the 0DTE options strategy. ISPY inception date December 18 2023 - approximately 2.3 years of history XDTE the fund launched March 7 2024 so it is still relatively new. Full Dependability and Return scores for both funds are available in the app.
| ISPY | XDTE | |
|---|---|---|
| Fund Name | Proshares S&P 500 High Income ETF - US | Roundhill S&P 500 0DTE Covered Call Strategy ETF - US |
| Fund Type | Index Based Fund | Index Based Fund |
| Exchange | NYSE/NASDAQ | NYSE/NASDAQ |
| Last Reviewed | 2026-04-07 | 2025-07-10 |
| Author | Adam Hyde, Income Investing Analyst | |
🔒 Full scores available — with Premium subscription
Compare Performance — Free →Fund Attributes: ISPY vs XDTE 20% of overall score
Fund Attributes cover the foundational characteristics of each fund: cost, company backing, track record, and size. These factors reflect stability and cost-efficiency for long-term income investors.
Expense ratio is 0.56%
XDTE's gross expense ratio of 0.97% is slightly above average for similar ETFs - reflecting the active management and complexity of the 0DTE options strategy.
ProShares has surpassed $100 billion in assets under management
As of June 2025 - Roundhill has over $5 billion in AUM across all funds.
Inception date December 18 2023 - approximately 2.3 years of history
The fund launched March 7 2024 so it is still relatively new.
Fund AUM approximately $1.14 billion as of February 28 2026
Approximately $400 million in the fund as of July 2025.
Risk: ISPY vs XDTE 35% of overall score
Risk factors evaluate how each fund manages volatility, diversification, and the nature of its underlying assets — critical considerations for income investors who prioritise capital preservation.
Calculation result: beta 0.91 vs SPY (period 2023-12-29 to 2026-03-28) - standalone volatility 12.99% annualized (weekly returns) - low-to-moderate price variability
slightly lower volatility than the S&P 500.
See the full Risk analysis for both ISPY and XDTE — volatility ratings, diversification scores, and analyst notes.
View Plans →Return: ISPY vs XDTE 45% of overall score
Return factors assess income generation quality: current yield, distribution consistency, price history, and payment frequency. This is the most heavily weighted category for income investors.
Monthly distributions
Pays weekly distributions.
See the full Return analysis for both ISPY and XDTE — yield ratings, distribution consistency scores, and capital history.
View Plans →Our Review Methodology
Every fund reviewed on Dependable Income Investing is scored using our 13-factor Fund Report Card, organised into three weighted categories: Fund Attributes (20%), Risk (35%), and Return (45%). Each criterion is rated 1–5 by our analysts based on publicly available fund data.
We also calculate a Dependability Score — a weighted composite of six income-specific factors ranked by importance for retirement income investors: Yield Stability, Yield, Volatility, Capital History, Fund Risk, and Underlying Assets. This score answers the question income investors care about most: can I depend on this fund to pay me reliably?
Full scores, ratings, and analyst notes for both ISPY and XDTE are available in the Dependable Income Investing app.
See our full scoring methodology →
Frequently Asked Questions: ISPY vs XDTE
Which has a lower expense ratio, ISPY or XDTE?
ISPY: Expense ratio is 0.56%
XDTE: XDTE's gross expense ratio of 0.97% is slightly above average for similar ETFs - reflecting the active management and complexity of the 0DTE options strategy.
Which fund has more assets under management, ISPY or XDTE?
ISPY: Fund AUM approximately $1.14 billion as of February 28 2026
XDTE: Approximately $400 million in the fund as of July 2025.
Which fund has been trading longer, ISPY or XDTE?
ISPY: Inception date December 18 2023 - approximately 2.3 years of history
XDTE: The fund launched March 7 2024 so it is still relatively new.
Who manages ISPY vs XDTE?
ISPY: ProShares has surpassed $100 billion in assets under management
XDTE: As of June 2025 - Roundhill has over $5 billion in AUM across all funds.
Where can I see the full ISPY vs XDTE comparison with scores?
The complete side-by-side comparison — including all Risk and Return scores, analyst notes, Overall Score, and Dependability Score for both funds — is available in the Dependable Income Investing app.
What is the difference between ISPY and XDTE?
Proshares S&P 500 High Income ETF - US is a Index Based Fund. Expense ratio is 0.56%. Roundhill S&P 500 0DTE Covered Call Strategy ETF - US is a Index Based Fund. XDTE's gross expense ratio of 0.97% is slightly above average for similar ETFs - reflecting the active management and complexity of the 0DTE options strategy. Full comparison including Dependability Score is available in the Dependable Income Investing app.
Which is better for income investors, ISPY or XDTE?
ISPY: Expense ratio is 0.56%. Inception date December 18 2023 - approximately 2.3 years of history. XDTE: XDTE's gross expense ratio of 0.97% is slightly above average for similar ETFs - reflecting the active management and complexity of the 0DTE options strategy. The fund launched March 7 2024 so it is still relatively new. Which scores higher on Dependability and Return is available in the Dependable Income Investing app.
Do ISPY and XDTE pay monthly distributions?
ISPY: Monthly distributions. XDTE: Pays weekly distributions. Full yield and distribution stability scores for both funds are available in the Dependable Income Investing app.
See the Full ISPY vs XDTE Comparison
The Dependable Income Investing app gives you the complete picture: all 13 scoring factors for both funds, Risk and Return analyst notes, Dependability Scores, and tools to compare any income fund side by side.
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