SPY vs TOPC
State Street SPDR S&P 500 ETF Trust compared with iShares S&P 500 3% Capped ETF on yield, payout growth, payment schedule, cost and risk.
SPY
State Street SPDR S&P 500 ETF Trust
TTM yield · Quarterly
TOPC
iShares S&P 500 3% Capped ETF
TTM yield · Quarterly
Quick take
- TOPC yields more today: 1.03% vs 0.99% (forward).
- Both pay every quarter.
- SPY has the longer streak of annual increases: 12 years vs 0.
- Over the last year TOPC delivered the higher total return: +20.2% vs +19.9% (price change plus payouts).
- TOPC is cheaper to own: 0.09% vs 0.09% expense ratio.
- SPY has the steadier distribution: consistency 93/100 vs 79/100.
Generated from the latest data on both pages. Not a recommendation.
Side by side
| Metric | SPY | TOPC |
|---|---|---|
| Share price | $765.96 | $35.07 |
| TTM yield | 0.98% | 1.02% |
| Forward yield | 0.99% | 1.03% |
| Annual payout per share | $7.616 | $0.36 |
| Payment frequency | Quarterly | Quarterly |
| Next ex-date | Sep 17, 2026 (est.) | Sep 14, 2026 (est.) |
| Expense ratio | 0.09% | 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 | 79/100 |
| 1-year total return | +19.9% | +20.2% |
| 1-year price return | +18.7% | +19.0% |
| Size (market cap / AUM) | 811.9B | 33.2M |
| Years paying | 33.5 | 1.2 |
| 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 | TOPC | |
|---|---|---|
| Shares | 13.1 | 285.1 |
| Income per year | $99 | $103 |
| Income per month (avg) | $8 | $9 |
At forward yields, before taxes. Model SPY · Model TOPC
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. |
| TOPC Sep 14, 2026 | Sep 28, 2026 | $0.09 | Est. |
| TOPC Dec 14, 2026 | Dec 28, 2026 | $0.09 | Est. |
| TOPC Mar 15, 2027 | Mar 29, 2027 | $0.09 | Est. |
Annual payouts per share
SPYTOPC
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 TOPC?
TOPC currently has the higher trailing yield: SPY yields 0.98% and TOPC yields 1.02%. Yield changes daily with price, so check the live figures above.
How often do SPY and TOPC pay?
SPY pays every quarter and TOPC pays every quarter. SPY's next ex-date is Sep 17, 2026 and TOPC's is Sep 14, 2026.
Is SPY or TOPC better for income?
It depends on what you are optimising for. SPY and TOPC 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.