ISPY vs XYLG: Income Fund Comparison
Proshares S&P 500 High Income ETF - US (ISPY) and Global X S&P 500 Covered Call and Growth ETF - US (XYLG) 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 · XYLG individual review
ISPY: Expense ratio is 0.56% XYLG: Total expense ratio is 0.35%. This is low for a covered call fund. ISPY inception date December 18 2023 - approximately 2.3 years of history XYLG fund inception date was Sept 18 2020 - over 5 years of history. Full Dependability and Return scores for both funds are available in the app.
| ISPY | XYLG | |
|---|---|---|
| Fund Name | Proshares S&P 500 High Income ETF - US | Global X S&P 500 Covered Call and Growth ETF - US |
| Fund Type | Index Based Fund | Index Based Fund |
| Exchange | NYSE/NASDAQ | NYSE/NASDAQ |
| Last Reviewed | Apr 7, 2026 | Jun 30, 2026 |
| Author | Adam Hyde, Income Investing Analyst | |
🔒 Full scores available — with Premium subscription
Compare Performance — Free →Fund Attributes: ISPY vs XYLG 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%
Total expense ratio is 0.35%. This is low for a covered call fund.
ProShares has surpassed $100 billion in assets under management
Managed by Global X (Mirae Asset) which has well over 40 billion under management.
Inception date December 18 2023 - approximately 2.3 years of history
Fund inception date was Sept 18 2020 - over 5 years of history.
Fund AUM approximately $1.14 billion as of February 28 2026
Net assets are 67.33 million which is below the 100 million threshold.
Risk: ISPY vs XYLG 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
Beta is 0.78 vs SPY over the price series from Oct 2020 - below market sensitivity. Standalone volatility is about 12.92% annualized (weekly returns) which is low-to-moderate and confirms the low beta reading.
See the full Risk analysis for both ISPY and XYLG — volatility ratings, diversification scores, and analyst notes.
View Plans →Return: ISPY vs XYLG 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 monthly - confirmed from distribution history.
See the full Return analysis for both ISPY and XYLG — 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 XYLG are available in the Dependable Income Investing app.
See our full scoring methodology →
Frequently Asked Questions: ISPY vs XYLG
Which has a lower expense ratio, ISPY or XYLG?
ISPY: Expense ratio is 0.56%
XYLG: Total expense ratio is 0.35%. This is low for a covered call fund.
Which fund has more assets under management, ISPY or XYLG?
ISPY: Fund AUM approximately $1.14 billion as of February 28 2026
XYLG: Net assets are 67.33 million which is below the 100 million threshold.
Which fund has been trading longer, ISPY or XYLG?
ISPY: Inception date December 18 2023 - approximately 2.3 years of history
XYLG: Fund inception date was Sept 18 2020 - over 5 years of history.
Who manages ISPY vs XYLG?
ISPY: ProShares has surpassed $100 billion in assets under management
XYLG: Managed by Global X (Mirae Asset) which has well over 40 billion under management.
Where can I see the full ISPY vs XYLG 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 XYLG?
Proshares S&P 500 High Income ETF - US is a Index Based Fund. Expense ratio is 0.56%. Global X S&P 500 Covered Call and Growth ETF - US is a Index Based Fund. Total expense ratio is 0.35%. This is low for a covered call fund. Full comparison including Dependability Score is available in the Dependable Income Investing app.
Which is better for income investors, ISPY or XYLG?
ISPY: Expense ratio is 0.56%. Inception date December 18 2023 - approximately 2.3 years of history. XYLG: Total expense ratio is 0.35%. This is low for a covered call fund. Fund inception date was Sept 18 2020 - over 5 years of history. Which scores higher on Dependability and Return is available in the Dependable Income Investing app.
Do ISPY and XYLG pay monthly distributions?
ISPY: Monthly distributions. XYLG: Pays monthly - confirmed from distribution history. Full yield and distribution stability scores for both funds are available in the Dependable Income Investing app.
See the Full ISPY vs XYLG 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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