SPAQ vs XLF
Horizon Kinetics SPAC Active ETF compared with State Street Financial Select Sector SPDR ETF on yield, payout growth, payment schedule, cost and risk.
SPAQ
Horizon Kinetics SPAC Active ETF
TTM yield · Annual
XLF
State Street Financial Select Sector SPDR ETF
TTM yield · Quarterly
Quick take
- SPAQ yields more today: 16.36% vs 1.41% (forward).
- SPAQ has grown its payout faster: 413.3%/yr vs 12.4%/yr over the last 1 year.
- SPAQ pays once a year; XLF pays every quarter.
- Over the last year XLF delivered the higher total return: +5.3% vs +3.4% (price change plus payouts).
- XLF is cheaper to own: 0.08% vs 0.85% expense ratio.
- XLF has the steadier distribution: consistency 87/100 vs 15/100.
Generated from the latest data on both pages. Not a recommendation.
Side by side
| Metric | SPAQ | XLF |
|---|---|---|
| Share price | $92.50 | $55.90 |
| TTM yield | 16.36% | 1.48% |
| Forward yield | 16.36% | 1.41% |
| Annual payout per share | $15.131 | $0.788 |
| Payment frequency | Annual | Quarterly |
| Next ex-date | Dec 21, 2026 (est.) | Dec 21, 2026 (est.) |
| Expense ratio | 0.85% | 0.08% |
| 1-year payout growth | +413.3% | +12.4% |
| 5-year payout CAGR | — | +6.5% |
| Consecutive years of increases | 2 years | 0 years |
| Payout consistency (last 12) | 15/100 | 87/100 |
| 1-year total return | +3.4% | +5.3% |
| 1-year price return | -11.2% | +3.8% |
| Size (market cap / AUM) | 10.0M | 51.0B |
| Years paying | 2.8 | 27.6 |
| 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
| SPAQ | XLF | |
|---|---|---|
| Shares | 108.1 | 178.9 |
| Income per year | $1,636 | $141 |
| Income per month (avg) | $136 | $12 |
At forward yields, before taxes. Model SPAQ · Model XLF
Next payments
| Ex-date | Pay date | Per share | Status |
|---|---|---|---|
| SPAQ Dec 21, 2026 | Dec 23, 2026 | $15.131 | Est. |
| XLF Dec 21, 2026 | Jan 4, 2027 | $0.197 | Est. |
| XLF Mar 22, 2027 | Apr 5, 2027 | $0.197 | Est. |
| XLF Jun 21, 2027 | Jul 5, 2027 | $0.197 | Est. |
Annual payouts per share
SPAQXLF
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, SPAQ or XLF?
SPAQ currently has the higher trailing yield: SPAQ yields 16.36% and XLF yields 1.48%. Yield changes daily with price, so check the live figures above.
How often do SPAQ and XLF pay?
SPAQ pays once a year and XLF pays every quarter. SPAQ's next ex-date is Dec 21, 2026 and XLF's is Dec 21, 2026.
Which has grown its dividend faster, SPAQ or XLF?
SPAQ has grown its payout faster: 413.3%/yr vs 12.4%/yr over the last 1 year.
Is SPAQ or XLF better for income?
It depends on what you are optimising for. SPAQ and XLF 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.