SPY vs UTG
State Street SPDR S&P 500 ETF Trust compared with Reaves Utility Income Fund on yield, payout growth, payment schedule, cost and risk.
SPY
State Street SPDR S&P 500 ETF Trust
TTM yield · Quarterly
UTG
Reaves Utility Income Fund
TTM yield · Monthly
Quick take
- UTG yields more today: 7.26% vs 0.99% (forward).
- SPY has grown its payout faster: 6.0%/yr vs 2.1%/yr over the last 5 years.
- SPY pays every quarter; UTG pays every month.
- SPY has the longer streak of annual increases: 12 years vs 1.
- Over the last year SPY delivered the higher total return: +15.2% vs -8.6% (price change plus payouts).
Generated from the latest data on both pages. Not a recommendation.
Side by side
| Metric | SPY | UTG |
|---|---|---|
| Share price | $759.97 | $33.77 |
| TTM yield | 1.00% | 7.23% |
| Forward yield | 0.99% | 7.26% |
| Annual payout per share | $7.556 | $2.4533 |
| Payment frequency | Quarterly | Monthly |
| Next ex-date | Dec 18, 2026 (est.) | Nov 17, 2026 (declared) |
| Expense ratio | 0.09% | — |
| 1-year payout growth | +4.5% | +5.2% |
| 5-year payout CAGR | +6.0% | +2.1% |
| Consecutive years of increases | 12 years | 1 year |
| Payout consistency (last 12) | 94/100 | 98/100 |
| 1-year total return | +15.2% | -8.6% |
| 1-year price return | +14.1% | -14.8% |
| Size (market cap / AUM) | 809.2B | — |
| Years paying | 33.6 | 22.5 |
| 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 | UTG | |
|---|---|---|
| Shares | 13.2 | 296.1 |
| Income per year | $99 | $726 |
| Income per month (avg) | $8 | $61 |
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. |
| UTG Nov 17, 2026 | Dec 1, 2026 | $0.2044 | Declared |
| UTG Dec 17, 2026 | Dec 31, 2026 | $0.2044 | Est. |
| UTG Jan 16, 2027 | Jan 30, 2027 | $0.2044 | Est. |
Annual payouts per share
SPYUTG
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 UTG?
UTG currently has the higher trailing yield: SPY yields 1.00% and UTG yields 7.23%. Yield changes daily with price, so check the live figures above.
How often do SPY and UTG pay?
SPY pays every quarter and UTG pays every month. SPY's next ex-date is Dec 18, 2026 and UTG's is Nov 17, 2026.
Which has grown its dividend faster, SPY or UTG?
SPY has grown its payout faster: 6.0%/yr vs 2.1%/yr over the last 5 years.
Is SPY or UTG better for income?
It depends on what you are optimising for. SPY and UTG 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.