SPY vs ZVOL
State Street SPDR S&P 500 ETF Trust compared with Volatility Shares Trust - Volatility Premium Plus ETF on yield, payout growth, payment schedule, cost and risk.
SPY
State Street SPDR S&P 500 ETF Trust
TTM yield · Quarterly
ZVOL
Volatility Shares Trust - Volatility Premium Plus ETF
TTM yield · Monthly
Quick take
- ZVOL yields more today: 72.66% vs 0.99% (forward).
- SPY has grown its payout faster: 5.0%/yr vs 0.0%/yr over the last 1 year.
- SPY pays every quarter; ZVOL 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 +15.3% (price change plus payouts).
Generated from the latest data on both pages. Not a recommendation.
Side by side
| Metric | SPY | ZVOL |
|---|---|---|
| Share price | $765.96 | $8.01 |
| TTM yield | 0.98% | 72.66% |
| Forward yield | 0.99% | 72.66% |
| Annual payout per share | $7.616 | $5.82 |
| Payment frequency | Quarterly | Monthly |
| Next ex-date | Sep 17, 2026 (est.) | Sep 16, 2026 (est.) |
| Expense ratio | 0.09% | — |
| 1-year payout growth | +5.0% | +0.0% |
| 5-year payout CAGR | +6.2% | — |
| Consecutive years of increases | 12 years | 0 years |
| Payout consistency (last 12) | 93/100 | 100/100 |
| 1-year total return | +19.9% | +15.3% |
| 1-year price return | +18.7% | -33.2% |
| Size (market cap / AUM) | 811.9B | — |
| Years paying | 33.5 | 2.7 |
| 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 | ZVOL | |
|---|---|---|
| Shares | 13.1 | 1,248.4 |
| Income per year | $99 | $7,266 |
| Income per month (avg) | $8 | $605 |
At forward yields, before taxes. Model SPY · Model ZVOL
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. |
| ZVOL Sep 16, 2026 | Sep 30, 2026 | $0.485 | Est. |
| ZVOL Oct 14, 2026 | Oct 28, 2026 | $0.485 | Est. |
| ZVOL Nov 11, 2026 | Nov 25, 2026 | $0.485 | Est. |
Annual payouts per share
SPYZVOL
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 ZVOL?
ZVOL currently has the higher trailing yield: SPY yields 0.98% and ZVOL yields 72.66%. Yield changes daily with price, so check the live figures above.
How often do SPY and ZVOL pay?
SPY pays every quarter and ZVOL pays every month. SPY's next ex-date is Sep 17, 2026 and ZVOL's is Sep 16, 2026.
Which has grown its dividend faster, SPY or ZVOL?
SPY has grown its payout faster: 5.0%/yr vs 0.0%/yr over the last 1 year.
Is SPY or ZVOL better for income?
It depends on what you are optimising for. SPY and ZVOL 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.