IYF vs SPAQ
iShares U.S. Financials ETF compared with Horizon Kinetics SPAC Active ETF on yield, payout growth, payment schedule, cost and risk.
IYF
iShares U.S. Financials ETF
TTM yield · Quarterly
SPAQ
Horizon Kinetics SPAC Active ETF
TTM yield · Annual
Quick take
- SPAQ yields more today: 16.36% vs 1.28% (forward).
- SPAQ has grown its payout faster: 413.3%/yr vs 22.5%/yr over the last 1 year.
- IYF pays every quarter; SPAQ pays once a year.
- IYF has the longer streak of annual increases: 5 years vs 2.
- Over the last year IYF delivered the higher total return: +4.4% vs +3.4% (price change plus payouts).
- IYF is cheaper to own: 0.37% vs 0.85% expense ratio.
- IYF has the steadier distribution: consistency 80/100 vs 15/100.
Generated from the latest data on both pages. Not a recommendation.
Side by side
| Metric | IYF | SPAQ |
|---|---|---|
| Share price | $130.23 | $92.50 |
| TTM yield | 1.49% | 16.36% |
| Forward yield | 1.28% | 16.36% |
| Annual payout per share | $1.672 | $15.131 |
| Payment frequency | Quarterly | Annual |
| Next ex-date | Dec 15, 2026 (est.) | Dec 21, 2026 (est.) |
| Expense ratio | 0.37% | 0.85% |
| 1-year payout growth | +22.5% | +413.3% |
| 5-year payout CAGR | +12.5% | — |
| Consecutive years of increases | 5 years | 2 years |
| Payout consistency (last 12) | 80/100 | 15/100 |
| 1-year total return | +4.4% | +3.4% |
| 1-year price return | +2.8% | -11.2% |
| Size (market cap / AUM) | 3.8B | 10.0M |
| Years paying | 26.3 | 2.8 |
| 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
| IYF | SPAQ | |
|---|---|---|
| Shares | 76.8 | 108.1 |
| Income per year | $128 | $1,636 |
| Income per month (avg) | $11 | $136 |
At forward yields, before taxes. Model IYF · Model SPAQ
Next payments
| Ex-date | Pay date | Per share | Status |
|---|---|---|---|
| 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. |
| SPAQ Dec 21, 2026 | Dec 23, 2026 | $15.131 | Est. |
Annual payouts per share
IYFSPAQ
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, IYF or SPAQ?
SPAQ currently has the higher trailing yield: IYF yields 1.49% and SPAQ yields 16.36%. Yield changes daily with price, so check the live figures above.
How often do IYF and SPAQ pay?
IYF pays every quarter and SPAQ pays once a year. IYF's next ex-date is Dec 15, 2026 and SPAQ's is Dec 21, 2026.
Which has grown its dividend faster, IYF or SPAQ?
SPAQ has grown its payout faster: 413.3%/yr vs 22.5%/yr over the last 1 year.
Is IYF or SPAQ better for income?
It depends on what you are optimising for. IYF and SPAQ 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.