It is inevitable that if you are using QTP, you will come across many weird issues. It happens to me also many times.
Once, I was facing the issue that object spy was pointing to some other object and I was getting the properties of some other object.
As you see in the below screenshot, search box on the Google Page is getting identified when the mouse is somewhere else…
After much mathapachchi, I got the solution of this issue:
The issue was that the zoom level of the browser was other than 100%
So, object spy will show the properties of the object pointed only if the zoom level of the browser is 100%
You can always try this after changing the zoom level of the browser….