FEX vs SPY
First Trust Large Cap Core AlphaDEX Fund compared with State Street SPDR S&P 500 ETF Trust on yield, payout growth, payment schedule, cost and risk.
FEX
First Trust Large Cap Core AlphaDEX Fund
TTM yield · Quarterly
SPY
State Street SPDR S&P 500 ETF Trust
TTM yield · Quarterly
Quick take
- FEX yields more today: 1.19% vs 0.99% (forward).
- FEX has grown its payout faster: 14.4%/yr vs 6.0%/yr over the last 5 years.
- Both pay every quarter.
- SPY has the longer streak of annual increases: 12 years vs 0.
- Over the last year FEX delivered the higher total return: +18.3% vs +15.2% (price change plus payouts).
- SPY is cheaper to own: 0.09% vs 0.57% expense ratio.
- SPY has the steadier distribution: consistency 94/100 vs 79/100.
Generated from the latest data on both pages. Not a recommendation.
Side by side
| Metric | FEX | SPY |
|---|---|---|
| Share price | $136.87 | $759.97 |
| TTM yield | 1.01% | 1.00% |
| Forward yield | 1.19% | 0.99% |
| Annual payout per share | $1.632 | $7.556 |
| Payment frequency | Quarterly | Quarterly |
| Next ex-date | Dec 24, 2026 (est.) | Dec 18, 2026 (est.) |
| Expense ratio | 0.57% | 0.09% |
| 1-year payout growth | +5.0% | +4.5% |
| 5-year payout CAGR | +14.4% | +6.0% |
| Consecutive years of increases | 0 years | 12 years |
| Payout consistency (last 12) | 79/100 | 94/100 |
| 1-year total return | +18.3% | +15.2% |
| 1-year price return | +17.2% | +14.1% |
| Size (market cap / AUM) | 1.5B | 809.2B |
| Years paying | 18.8 | 33.6 |
| Sector / category | Large Blend | Large Blend |
✓ 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
| FEX | SPY | |
|---|---|---|
| Shares | 73.1 | 13.2 |
| Income per year | $119 | $99 |
| Income per month (avg) | $10 | $8 |
Next payments
| Ex-date | Pay date | Per share | Status |
|---|---|---|---|
| FEX Dec 24, 2026 | Dec 29, 2026 | $0.408 | Est. |
| FEX Mar 25, 2027 | Mar 30, 2027 | $0.408 | Est. |
| FEX Jun 24, 2027 | Jun 29, 2027 | $0.408 | Est. |
| SPY Dec 18, 2026 | Jan 1, 2027 | $1.889 | Est. |
| SPY Mar 19, 2027 | Apr 2, 2027 | $1.889 | Est. |
| SPY Jun 18, 2027 | Jul 2, 2027 | $1.889 | Est. |
Annual payouts per share
FEXSPY
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, FEX or SPY?
FEX currently has the higher trailing yield: FEX yields 1.01% and SPY yields 1.00%. Yield changes daily with price, so check the live figures above.
How often do FEX and SPY pay?
FEX pays every quarter and SPY pays every quarter. FEX's next ex-date is Dec 24, 2026 and SPY's is Dec 18, 2026.
Which has grown its dividend faster, FEX or SPY?
FEX has grown its payout faster: 14.4%/yr vs 6.0%/yr over the last 5 years.
Is FEX or SPY better for income?
It depends on what you are optimising for. FEX and SPY 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.