KBWB vs SPAQ
Invesco KBW Bank ETF compared with Horizon Kinetics SPAC Active ETF on yield, payout growth, payment schedule, cost and risk.
KBWB
Invesco KBW Bank ETF
TTM yield · Quarterly
SPAQ
Horizon Kinetics SPAC Active ETF
TTM yield · Annual
Quick take
- SPAQ yields more today: 16.36% vs 2.10% (forward).
- SPAQ has grown its payout faster: 413.3%/yr vs 14.3%/yr over the last 1 year.
- KBWB pays every quarter; SPAQ pays once a year.
- Over the last year KBWB delivered the higher total return: +14.3% vs +3.4% (price change plus payouts).
- KBWB is cheaper to own: 0.35% vs 0.85% expense ratio.
- KBWB has the steadier distribution: consistency 92/100 vs 15/100.
Generated from the latest data on both pages. Not a recommendation.
Side by side
| Metric | KBWB | SPAQ |
|---|---|---|
| Share price | $87.56 | $92.50 |
| TTM yield | 2.13% | 16.36% |
| Forward yield | 2.10% | 16.36% |
| Annual payout per share | $1.84 | $15.131 |
| Payment frequency | Quarterly | Annual |
| Next ex-date | Dec 21, 2026 (est.) | Dec 21, 2026 (est.) |
| Expense ratio | 0.35% | 0.85% |
| 1-year payout growth | +14.3% | +413.3% |
| 5-year payout CAGR | +7.6% | — |
| Consecutive years of increases | 1 year | 2 years |
| Payout consistency (last 12) | 92/100 | 15/100 |
| 1-year total return | +14.3% | +3.4% |
| 1-year price return | +12.0% | -11.2% |
| Size (market cap / AUM) | 6.2B | 10.0M |
| Years paying | 14.9 | 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
| KBWB | SPAQ | |
|---|---|---|
| Shares | 114.2 | 108.1 |
| Income per year | $210 | $1,636 |
| Income per month (avg) | $18 | $136 |
At forward yields, before taxes. Model KBWB · Model SPAQ
Next payments
| Ex-date | Pay date | Per share | Status |
|---|---|---|---|
| KBWB Dec 21, 2026 | Dec 25, 2026 | $0.46 | Est. |
| KBWB Mar 22, 2027 | Mar 26, 2027 | $0.46 | Est. |
| KBWB Jun 21, 2027 | Jun 25, 2027 | $0.46 | Est. |
| SPAQ Dec 21, 2026 | Dec 23, 2026 | $15.131 | Est. |
Annual payouts per share
KBWBSPAQ
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, KBWB or SPAQ?
SPAQ currently has the higher trailing yield: KBWB yields 2.13% and SPAQ yields 16.36%. Yield changes daily with price, so check the live figures above.
How often do KBWB and SPAQ pay?
KBWB pays every quarter and SPAQ pays once a year. KBWB's next ex-date is Dec 21, 2026 and SPAQ's is Dec 21, 2026.
Which has grown its dividend faster, KBWB or SPAQ?
SPAQ has grown its payout faster: 413.3%/yr vs 14.3%/yr over the last 1 year.
Is KBWB or SPAQ better for income?
It depends on what you are optimising for. KBWB 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.