FCEF vs IYLD
First Trust Income Opportunity ETF compared with iShares Morningstar Multi-Asset Income ETF on yield, payout growth, payment schedule, cost and risk.
FCEF
First Trust Income Opportunity ETF
TTM yield · Monthly
IYLD
iShares Morningstar Multi-Asset Income ETF
TTM yield · Monthly
Quick take
- FCEF yields more today: 7.27% vs 4.36% (forward).
- FCEF has grown its payout faster: 6.9%/yr vs 1.9%/yr over the last 5 years.
- Both pay every month.
- Over the last year IYLD delivered the higher total return: +6.5% vs +6.0% (price change plus payouts).
- IYLD is cheaper to own: 0.50% vs 3.69% expense ratio.
- FCEF has the steadier distribution: consistency 99/100 vs 49/100.
Generated from the latest data on both pages. Not a recommendation.
Side by side
| Metric | FCEF | IYLD |
|---|---|---|
| Share price | $22.60 | $21.63 |
| TTM yield | 7.27% | 4.79% |
| Forward yield | 7.27% | 4.36% |
| Annual payout per share | $1.644 | $0.9427 |
| Payment frequency | Monthly | Monthly |
| Next ex-date | Nov 13, 2026 (est.) | Nov 1, 2026 (est.) |
| Expense ratio | 3.69% | 0.50% |
| 1-year payout growth | +1.5% | +28.7% |
| 5-year payout CAGR | +6.9% | +1.9% |
| Consecutive years of increases | 0 years | 1 year |
| Payout consistency (last 12) | 99/100 | 49/100 |
| 1-year total return | +6.0% | +6.5% |
| 1-year price return | -1.2% | +1.6% |
| Size (market cap / AUM) | 80.9M | 124.8M |
| Years paying | 10.0 | 14.3 |
| Sector / category | Global Moderately Conservative Allocation | Global Moderately Conservative Allocation |
✓ 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
| FCEF | IYLD | |
|---|---|---|
| Shares | 442.4 | 462.3 |
| Income per year | $727 | $436 |
| Income per month (avg) | $61 | $36 |
At forward yields, before taxes. Model FCEF · Model IYLD
Next payments
| Ex-date | Pay date | Per share | Status |
|---|---|---|---|
| FCEF Nov 13, 2026 | Nov 30, 2026 | $0.137 | Est. |
| FCEF Dec 13, 2026 | Dec 30, 2026 | $0.137 | Est. |
| FCEF Jan 12, 2027 | Jan 29, 2027 | $0.137 | Est. |
| IYLD Nov 1, 2026 | Nov 15, 2026 | $0.0786 | Est. |
| IYLD Dec 1, 2026 | Dec 15, 2026 | $0.0786 | Est. |
| IYLD Dec 31, 2026 | Jan 14, 2027 | $0.0786 | Est. |
Annual payouts per share
FCEFIYLD
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, FCEF or IYLD?
FCEF currently has the higher trailing yield: FCEF yields 7.27% and IYLD yields 4.79%. Yield changes daily with price, so check the live figures above.
How often do FCEF and IYLD pay?
FCEF pays every month and IYLD pays every month. FCEF's next ex-date is Nov 13, 2026 and IYLD's is Nov 1, 2026.
Which has grown its dividend faster, FCEF or IYLD?
FCEF has grown its payout faster: 6.9%/yr vs 1.9%/yr over the last 5 years.
Is FCEF or IYLD better for income?
It depends on what you are optimising for. FCEF and IYLD 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.