SPY vs TCAF
State Street SPDR S&P 500 ETF Trust compared with T. Rowe Price Capital Appreciation Equity ETF on yield, payout growth, payment schedule, cost and risk.
SPY
State Street SPDR S&P 500 ETF Trust
TTM yield · Quarterly
TCAF
T. Rowe Price Capital Appreciation Equity ETF
TTM yield · Annual
Quick take
- SPY yields more today: 0.99% vs 0.44% (forward).
- TCAF has grown its payout faster: 32.4%/yr vs 4.5%/yr over the last 1 year.
- SPY pays every quarter; TCAF pays once a year.
- SPY has the longer streak of annual increases: 12 years vs 2.
- Over the last year TCAF delivered the higher total return: +16.3% vs +15.2% (price change plus payouts).
- SPY is cheaper to own: 0.09% vs 0.31% expense ratio.
- SPY has the steadier distribution: consistency 94/100 vs 63/100.
Generated from the latest data on both pages. Not a recommendation.
Side by side
| Metric | SPY | TCAF |
|---|---|---|
| Share price | $759.97 | $43.64 |
| TTM yield | 1.00% | 0.44% |
| Forward yield | 0.99% | 0.44% |
| Annual payout per share | $7.556 | $0.192 |
| Payment frequency | Quarterly | Annual |
| Next ex-date | Dec 18, 2026 (est.) | Dec 25, 2026 (est.) |
| Expense ratio | 0.09% | 0.31% |
| 1-year payout growth | +4.5% | +32.4% |
| 5-year payout CAGR | +6.0% | — |
| Consecutive years of increases | 12 years | 2 years |
| Payout consistency (last 12) | 94/100 | 63/100 |
| 1-year total return | +15.2% | +16.3% |
| 1-year price return | +14.1% | +15.8% |
| Size (market cap / AUM) | 809.2B | 9.3B |
| Years paying | 33.6 | 2.8 |
| Sector / category | Large Blend | 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 | TCAF | |
|---|---|---|
| Shares | 13.2 | 229.1 |
| Income per year | $99 | $44 |
| Income per month (avg) | $8 | $4 |
At forward yields, before taxes. Model SPY · Model TCAF
Next payments
| Ex-date | Pay date | Per share | Status |
|---|---|---|---|
| SPY Dec 18, 2026 | Jan 1, 2027 | $1.889 | Est. |
| SPY Mar 19, 2027 | Apr 2, 2027 | $1.889 | Est. |
| SPY Jun 18, 2027 | Jul 2, 2027 | $1.889 | Est. |
| TCAF Dec 25, 2026 | Jan 8, 2027 | $0.192 | Est. |
Annual payouts per share
SPYTCAF
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 TCAF?
SPY currently has the higher trailing yield: SPY yields 1.00% and TCAF yields 0.44%. Yield changes daily with price, so check the live figures above.
How often do SPY and TCAF pay?
SPY pays every quarter and TCAF pays once a year. SPY's next ex-date is Dec 18, 2026 and TCAF's is Dec 25, 2026.
Which has grown its dividend faster, SPY or TCAF?
TCAF has grown its payout faster: 32.4%/yr vs 4.5%/yr over the last 1 year.
Is SPY or TCAF better for income?
It depends on what you are optimising for. SPY and TCAF 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.