ICAP vs SPY

AICAP

BSPY

Measures won1–4SPY wins · of 6 · 5Y

$10,000 · 5Y$17,177IVV · SPY $17,118

Lowest cost0.03%IVV · $3 on $10k

Most income12.07%ICAP · $1,207 on $10k

Smallest drop−8.9%SPY · worst fall in 1Y

Held in common26.8%ICAP and SPY

ICAP

SPY

Infrastructure Capital Equity Income Fund ETF · $104MState Street SPDR S&P 500 ETF · $819B

+15.5%3 years · per year$15,398 · $18,039+21.7%

[…]5 years · per year[…] · $17,118+11.3%

2.47%Expense ratio$247 · $9 on $10k · lower wins0.09%

12.07%12-mo yield$1,207 · $103 on $10k1.03%

−15.7%Worst dropSmaller wins−8.9%

16.3%VolatilityLower wins13.6%

1–4SPY wins

$10,000 · 5 yearsAll three, one scale

Shared top holdingsICAP · SPY

7.4%AMZN4.0%

3.5%MSFT6.3%

3.3%GOOGL2.6%

6.0%AVGO2.2%

Held in common26.8%

End-of-day Nov 6, 2026 · $10,000 5 years ago, dividends reinvested · ● winner of the row · each row scaled to the bigger of the two

All Three

5Y3 funds

#
1	IVV	iShares Core S&P 500 ETFRead Desk	0.03%	1.14%	+0.3%	+8.7%	+9.8%	+21.8%	+11.4%	−8.9%	$852.9B
2	BSPY	State Street SPDR S&P 500 ETFRead Desk	0.09%	1.03%	+0.3%	+8.7%	+9.7%	+21.7%	+11.3%	−8.9%	$818.5B
3	AICAP	Infrastructure Capital Equity Income Fund ETFRead Desk	2.47%	12.07%	+0.9%	−3.3%	+1.2%	+15.5%	new	−15.7%	$104M

End-of-day Nov 6, 2026 · total return, dividends in · 3Y and 5Y per year · A and B = the pair in versus

All Three

5Y3 funds

#
1	IVV	iShares Core S&P 500 ETFRead Desk	0.03%	1.14%	+0.3%	+8.7%	+9.8%	+21.8%	+11.4%	−8.9%	$852.9B
2	BSPY	State Street SPDR S&P 500 ETFRead Desk	0.09%	1.03%	+0.3%	+8.7%	+9.7%	+21.7%	+11.3%	−8.9%	$818.5B
3	AICAP	Infrastructure Capital Equity Income Fund ETFRead Desk	2.47%	12.07%	+0.9%	−3.3%	+1.2%	+15.5%	new	−15.7%	$104M

End-of-day Nov 6, 2026 · total return, dividends in · 3Y and 5Y per year · A and B = the pair in versus

Cards for this view

ICAP vs SPY

ICAP

Infrastructure Capital Equity Income Fund

[…]

SPY

SPDR S&P 500

$17,118

MeasureICAPSPY

Fee2.47%0.09%

Cost on $10k a year$247$9

Yield12.07%1.03%

5 years, per year[…]+11.3%

3 years, per year+15.5%+21.7%

Worst drop · 1Y−15.7%−8.9%

Volatility · 1Y16.3%13.6%

4–1measures won
SPY first

26.8%

holdings shared

Nov 6, 2026 · $10,000 five years ago, dividends reinvested

SPYM vs SPY

YTD

SPDRSPYM

+8.8%

SPYSPDR

+8.7%

+8.8%Year to date+8.7%

1.1%Yield1.0%

$182BAssets$819B

2–0SPYM wins

End-of-day Nov 6, 2026

VOO vs IVV

YTD

VanguardVOO

+8.7%

IVViShares

+8.7%

+8.7%Year to date+8.7%

1.1%Yield1.1%

$1.00TAssets$853B

0–0level

End-of-day Nov 6, 2026

SCHD vs VIG

YTD

SchwabSCHD

+31.4%

VIGVanguard

+12.1%

+31.4%Year to date+12.1%

3.0%Yield1.5%

$120BAssets$109B

2–0SCHD wins

End-of-day Nov 6, 2026

Overlap: ICAP, SPY, IVV

Today

99.9%most shared, SPY and IVV

ICAPSPYIVV

ICAP—26.8%26.8%

SPY26.8%—99.9%

IVV26.8%99.9%—

End-of-day Nov 6, 2026 · share held in common · outlined: the pair in versus

Income After Fees on $10,000

$960most kept, ICAP

ICAP$1,207 − $247 = $960

IVV$114 − $3 = $111

SPY$103 − $9 = $94

KeptFee

End-of-day Nov 6, 2026 · yield in dollars minus the fee