MSTI vs SPSB
Madison Short-Term Strategic Income ETF compared with State Street SPDR Portfolio Short Term Corporate Bond ETF on yield, payout growth, payment schedule, cost and risk.
MSTI
Madison Short-Term Strategic Income ETF
TTM yield · Monthly
SPSB
State Street SPDR Portfolio Short Term Corporate Bond ETF
TTM yield · Monthly
Quick take
- MSTI yields more today: 5.13% vs 4.36% (forward).
- Both pay every month.
- Over the last year SPSB delivered the higher total return: +2.8% vs +2.5% (price change plus payouts).
- SPSB is cheaper to own: 0.04% vs 0.36% expense ratio.
- SPSB has the steadier distribution: consistency 98/100 vs 53/100.
Generated from the latest data on both pages. Not a recommendation.
Side by side
| Metric | MSTI | SPSB |
|---|---|---|
| Share price | $20.08 | $29.81 |
| TTM yield | 5.42% | 4.36% |
| Forward yield | 5.13% | 4.36% |
| Annual payout per share | $1.03 | $1.301 |
| Payment frequency | Monthly | Monthly |
| Next ex-date | Sep 26, 2026 (est.) | Oct 1, 2026 (est.) |
| Expense ratio | 0.36% | 0.04% |
| 1-year payout growth | — | — |
| 5-year payout CAGR | — | — |
| Consecutive years of increases | — | — |
| Payout consistency (last 12) | 53/100 | 98/100 |
| 1-year total return | +2.5% | +2.8% |
| 1-year price return | -2.8% | -1.5% |
| Size (market cap / AUM) | 48.8M | 10.5B |
| Years paying | 3.0 | 16.6 |
| Sector / category | Short-Term Bond | Short-Term Bond |
✓ 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
| MSTI | SPSB | |
|---|---|---|
| Shares | 497.9 | 335.5 |
| Income per year | $513 | $436 |
| Income per month (avg) | $43 | $36 |
At forward yields, before taxes. Model MSTI · Model SPSB
Next payments
| Ex-date | Pay date | Per share | Status |
|---|---|---|---|
| MSTI Sep 26, 2026 | Oct 10, 2026 | $0.0858 | Est. |
| MSTI Oct 26, 2026 | Nov 9, 2026 | $0.0858 | Est. |
| MSTI Nov 25, 2026 | Dec 9, 2026 | $0.0858 | Est. |
| SPSB Oct 1, 2026 | Oct 15, 2026 | $0.1084 | Est. |
| SPSB Oct 31, 2026 | Nov 14, 2026 | $0.1084 | Est. |
| SPSB Nov 30, 2026 | Dec 14, 2026 | $0.1084 | Est. |
Annual payouts per share
MSTISPSB
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, MSTI or SPSB?
MSTI currently has the higher trailing yield: MSTI yields 5.42% and SPSB yields 4.36%. Yield changes daily with price, so check the live figures above.
How often do MSTI and SPSB pay?
MSTI pays every month and SPSB pays every month. MSTI's next ex-date is Sep 26, 2026 and SPSB's is Oct 1, 2026.
Is MSTI or SPSB better for income?
It depends on what you are optimising for. MSTI and SPSB 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.