FTMN vs SPY
Franklin Minnesota Municipal Income ETF compared with State Street SPDR S&P 500 ETF Trust on yield, payout growth, payment schedule, cost and risk.
FTMN
Franklin Minnesota Municipal Income ETF
TTM yield · Monthly
SPY
State Street SPDR S&P 500 ETF Trust
TTM yield · Quarterly
Quick take
- FTMN yields more today: 3.39% vs 0.99% (forward).
- FTMN pays every month; SPY pays every quarter.
- SPY has the longer streak of annual increases: 12 years vs 0.
- SPY is cheaper to own: 0.09% vs 0.35% expense ratio.
- SPY has the steadier distribution: consistency 94/100 vs 82/100.
Generated from the latest data on both pages. Not a recommendation.
Side by side
| Metric | FTMN | SPY |
|---|---|---|
| Share price | $8.32 | $759.97 |
| TTM yield | 3.11% | 1.00% |
| Forward yield | 3.39% | 0.99% |
| Annual payout per share | $0.2825 | $7.556 |
| Payment frequency | Monthly | Quarterly |
| Next ex-date | Oct 31, 2026 (est.) | Dec 18, 2026 (est.) |
| Expense ratio | 0.35% | 0.09% |
| 1-year payout growth | — | +4.5% |
| 5-year payout CAGR | — | +6.0% |
| Consecutive years of increases | 0 years | 12 years |
| Payout consistency (last 12) | 82/100 | 94/100 |
| 1-year total return | — | +15.2% |
| 1-year price return | — | +14.1% |
| Size (market cap / AUM) | 263.4M | 809.2B |
| Years paying | 0.9 | 33.6 |
| Sector / category | Muni Minnesota | 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
| FTMN | SPY | |
|---|---|---|
| Shares | 1,201.2 | 13.2 |
| Income per year | $339 | $99 |
| Income per month (avg) | $28 | $8 |
At forward yields, before taxes. Model FTMN · Model SPY
Next payments
| Ex-date | Pay date | Per share | Status |
|---|---|---|---|
| FTMN Oct 31, 2026 | Nov 14, 2026 | $0.0235 | Est. |
| FTMN Nov 30, 2026 | Dec 14, 2026 | $0.0235 | Est. |
| FTMN Dec 30, 2026 | Jan 13, 2027 | $0.0235 | 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
FTMNSPY
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, FTMN or SPY?
FTMN currently has the higher trailing yield: FTMN yields 3.11% and SPY yields 1.00%. Yield changes daily with price, so check the live figures above.
How often do FTMN and SPY pay?
FTMN pays every month and SPY pays every quarter. FTMN's next ex-date is Oct 31, 2026 and SPY's is Dec 18, 2026.
Is FTMN or SPY better for income?
It depends on what you are optimising for. FTMN 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.