FBDC vs IYF
FT Confluence BDC & Specialty Finance Income ETF compared with iShares U.S. Financials ETF on yield, payout growth, payment schedule, cost and risk.
FBDC
FT Confluence BDC & Specialty Finance Income ETF
TTM yield · Monthly
IYF
iShares U.S. Financials ETF
TTM yield · Quarterly
Quick take
- FBDC yields more today: 12.31% vs 1.28% (forward).
- FBDC pays every month; IYF pays every quarter.
- IYF has the longer streak of annual increases: 5 years vs 0.
- Over the last year IYF delivered the higher total return: +4.4% vs -8.1% (price change plus payouts).
- IYF is cheaper to own: 0.37% vs 12.44% expense ratio.
- FBDC has the steadier distribution: consistency 92/100 vs 80/100.
Generated from the latest data on both pages. Not a recommendation.
Side by side
| Metric | FBDC | IYF |
|---|---|---|
| Share price | $16.17 | $130.23 |
| TTM yield | 12.31% | 1.49% |
| Forward yield | 12.31% | 1.28% |
| Annual payout per share | $1.99 | $1.672 |
| Payment frequency | Monthly | Quarterly |
| Next ex-date | Nov 20, 2026 (est.) | Dec 15, 2026 (est.) |
| Expense ratio | 12.44% | 0.37% |
| 1-year payout growth | — | +22.5% |
| 5-year payout CAGR | — | +12.5% |
| Consecutive years of increases | 0 years | 5 years |
| Payout consistency (last 12) | 92/100 | 80/100 |
| 1-year total return | -8.1% | +4.4% |
| 1-year price return | -18.2% | +2.8% |
| Size (market cap / AUM) | 35.7M | 3.8B |
| Years paying | 1.3 | 26.3 |
| Sector / category | Financial | Financial |
✓ marks the more favourable figure where one exists (higher yield, growth, streak, consistency, return and size; lower cost, payout ratio and risk).
$10,000 invested today
| FBDC | IYF | |
|---|---|---|
| Shares | 618.6 | 76.8 |
| Income per year | $1,231 | $128 |
| Income per month (avg) | $103 | $11 |
At forward yields, before taxes. Model FBDC · Model IYF
Next payments
| Ex-date | Pay date | Per share | Status |
|---|---|---|---|
| FBDC Nov 20, 2026 | Dec 4, 2026 | $0.1658 | Est. |
| FBDC Dec 20, 2026 | Jan 3, 2027 | $0.1658 | Est. |
| FBDC Jan 19, 2027 | Feb 2, 2027 | $0.1658 | Est. |
| IYF Dec 15, 2026 | Dec 29, 2026 | $0.418 | Est. |
| IYF Mar 16, 2027 | Mar 30, 2027 | $0.418 | Est. |
| IYF Jun 15, 2027 | Jun 29, 2027 | $0.418 | Est. |
Annual payouts per share
FBDCIYF
Regular payments only; the current year is year to date. Per-share amounts are not directly comparable when share prices differ, so read this chart for growth trends.
FAQ
Which has the higher dividend yield, FBDC or IYF?
FBDC currently has the higher trailing yield: FBDC yields 12.31% and IYF yields 1.49%. Yield changes daily with price, so check the live figures above.
How often do FBDC and IYF pay?
FBDC pays every month and IYF pays every quarter. FBDC's next ex-date is Nov 20, 2026 and IYF's is Dec 15, 2026.
Is FBDC or IYF better for income?
It depends on what you are optimising for. FBDC and IYF differ in yield, growth, payment schedule and risk profile; the table above puts every metric side by side so you can weigh them for your own goals. This page is data, not advice.