SPY vs SPYH
State Street SPDR S&P 500 ETF Trust compared with NEOS ETF Trust NEOS S&P 500 Hedged Equity Income ETF on yield, payout growth, payment schedule, cost and risk.
SPY
State Street SPDR S&P 500 ETF Trust
TTM yield · Quarterly
SPYH
NEOS ETF Trust NEOS S&P 500 Hedged Equity Income ETF
TTM yield · Monthly
Quick take
- SPYH yields more today: 7.60% vs 0.99% (forward).
- SPY pays every quarter; SPYH pays every month.
- SPY has the longer streak of annual increases: 12 years vs 0.
- Over the last year SPY delivered the higher total return: +19.9% vs +13.8% (price change plus payouts).
Generated from the latest data on both pages. Not a recommendation.
Side by side
| Metric | SPY | SPYH |
|---|---|---|
| Share price | $765.96 | $56.81 |
| TTM yield | 0.98% | 7.60% |
| Forward yield | 0.99% | 7.60% |
| Annual payout per share | $7.616 | $4.317 |
| Payment frequency | Quarterly | Monthly |
| Next ex-date | Sep 17, 2026 (est.) | Sep 23, 2026 (est.) |
| Expense ratio | 0.09% | — |
| 1-year payout growth | +5.0% | — |
| 5-year payout CAGR | +6.2% | — |
| Consecutive years of increases | 12 years | 0 years |
| Payout consistency (last 12) | 93/100 | 98/100 |
| 1-year total return | +19.9% | +13.8% |
| 1-year price return | +18.7% | +5.8% |
| Size (market cap / AUM) | 811.9B | — |
| Years paying | 33.5 | 1.4 |
| Sector / category | 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
| SPY | SPYH | |
|---|---|---|
| Shares | 13.1 | 176.0 |
| Income per year | $99 | $760 |
| Income per month (avg) | $8 | $63 |
At forward yields, before taxes. Model SPY · Model SPYH
Next payments
| Ex-date | Pay date | Per share | Status |
|---|---|---|---|
| SPY Sep 17, 2026 | Oct 1, 2026 | $1.904 | Est. |
| SPY Dec 17, 2026 | Dec 31, 2026 | $1.904 | Est. |
| SPY Mar 18, 2027 | Apr 1, 2027 | $1.904 | Est. |
| SPYH Sep 23, 2026 | Oct 7, 2026 | $0.3598 | Est. |
| SPYH Oct 21, 2026 | Nov 4, 2026 | $0.3598 | Est. |
| SPYH Nov 18, 2026 | Dec 2, 2026 | $0.3598 | Est. |
Annual payouts per share
SPYSPYH
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, SPY or SPYH?
SPYH currently has the higher trailing yield: SPY yields 0.98% and SPYH yields 7.60%. Yield changes daily with price, so check the live figures above.
How often do SPY and SPYH pay?
SPY pays every quarter and SPYH pays every month. SPY's next ex-date is Sep 17, 2026 and SPYH's is Sep 23, 2026.
Is SPY or SPYH better for income?
It depends on what you are optimising for. SPY and SPYH 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.