Dividend comparison
SPYM vs SWPPX: Which Is Better?
Fees, yield, total returns, drawdowns, holdings overlap and dividend history for State Street SPDR Portfolio S&P 500 ETF and Schwab S&P 500 Index Fund- Select Shares, side by side. Updated October 21, 2026.
SPYM vs SWPPX: key differences
The short answer, from the latest data on this page.
- Income. Their trailing yields are almost the same: 1.01% for SPYM and 0.98% for SWPPX. SPYM pays quarterly, SWPPX pays annual.
- Performance. Over the last 5 years, SPYM returned 82.0% versus 81.7% for SWPPX, with dividends reinvested. $10,000 would have grown to $18,201 in SPYM and $18,168 in SWPPX.
- Risk. Their worst declines over the last 5 years were similar: -24.5% for SPYM and -24.6% for SWPPX from peak to trough.
- Dividend growth. SPYM grew its yearly payout 6.8% a year over the last 4 years, versus 6.0% for SWPPX.
Side-by-side snapshot
Trailing twelve-month figures where available. Higher yield is highlighted — not a buy recommendation.
| Metric | SPYM State Street SPDR Portfolio S&P 500 ETF | SWPPX Schwab S&P 500 Index Fund- Select Shares |
|---|---|---|
| Dividend yield (TTM) | 1.01% | 0.98% |
| Dividend / share (TTM) | $0.91 | $0.19 |
| Payout frequency | Quarterly | Annual |
| Last dividend | $0.2391 on Sep 15, 2026 | $0.1946 on Dec 12, 2025 |
| Ex-dividend date | Sep 11, 2026 | Dec 12, 2025 |
| Dividend growth (CAGR) | 6.8% over 4 yrs | 6.0% over 4 yrs |
| Price | $90.53 | $19.93 |
| Dividend growth streak | 5 years | 4 years |
| Beta | 1.01 | 1.01 |
| Max drawdown (5Y) | -24.5% | -24.6% |
| Market cap | $165.27B | $148.68B |
| Exchange | AMEX | NASDAQ |
| Expense ratio | 0.02% | — |
| Assets under management | $182.92B | — |
| Number of holdings | 505 | — |
| Top 10 concentration | 38.7% | — |
Income on a $10,000 investment
Illustrative only — assumes current TTM yield stays constant. Actual distributions change.
SPYM
$8.38/mo
$101 /yr at 1.01% yield
SWPPX
$8.14/mo
$98 /yr at 0.98% yield
Dividend history
Total dividends paid per share in each calendar year. SPYM pays quarterly; SWPPX pays annual.
| Year | SPYM | SWPPX |
|---|---|---|
| 2025 | $0.9074 | $0.1946 |
| 2024 | $0.8796 | $0.1850 |
| 2023 | $0.8046 | $0.1743 |
| 2022 | $0.7618 | $0.1635 |
| 2021 | $0.6977 | $0.1540 |
Strategy: Broad index
Low-cost funds that hold an entire market or index at market-cap weights and make no attempt to select securities. Return is the index return less a small fee, and dividends are a by-product of what the underlying companies choose to pay rather than an objective of the strategy. Differences between funds tracking the same index usually come down to fee, wrapper structure, share price and trading liquidity, not to holdings.
Current income is low and outside your control, so these need pairing with something else if the portfolio has to produce cash today.
Performance
Total returns with dividends reinvested, from the adjusted closing price series. $10,000 invested on Oct 20, 2021 would now be worth $18,201 in SPYM and $18,168 in SWPPX.
| Period | SPYM | SWPPX |
|---|---|---|
| 1 month | 0.99% | 0.86% |
| 3 months | 3.90% | 3.86% |
| Year to date | 13.75% | 13.63% |
| 1 year | 15.89% | 15.80% |
| 3 years | 89.27% | 88.73% |
| 5 years | 82.01% | 81.68% |
- SPYM
- SWPPX
Both series indexed to 100 on 2021-10-20 using the adjusted closing price series. Past performance does not guarantee future results.
Sector allocation
Weight of each sector within the fund. Sectors are aligned on the same row so the two funds can be read against each other directly.
- SPYM
- SWPPX
Top 10 holdings
Largest positions by portfolio weight.
Quick verdict
SPYM currently posts the higher TTM yield (1.01%). SPYM yields 1.01%; SWPPX yields 0.98%. Choose based on whether you prioritize current cash flow, dividend growth, or total return — then model the holding inside your real portfolio.
Still deciding? Compare them in your portfolio
Forecast dividend income, track payouts, and see how SPYM vs SWPPX fits with the rest of your holdings. Free to start — no credit card required for the trial.
Frequently asked questions
Is SPYM or SWPPX better for dividend income?
It depends on your goals. SPYM currently yields 1.01% Trailing Twelve Months (TTM) while SWPPX yields 0.98%. Higher yield means more current income per dollar invested, but may come with different risk, growth, or NAV characteristics. Compare total return and payout sustainability — not just the headline yield.
What is the difference between SPYM and SWPPX?
State Street SPDR Portfolio S&P 500 ETF (SPYM) is an ETF listed on AMEX. Schwab S&P 500 Index Fund- Select Shares (SWPPX) is an ETF listed on NASDAQ. Side-by-side metrics on this page cover yield, fees, returns, drawdowns, holdings overlap and dividend history when available.
Which has performed better, SPYM or SWPPX?
Over the last 5 years, SPYM has the higher total return with dividends reinvested: SPYM returned 82.0% and SWPPX returned 81.7%. Past performance does not predict future returns.
Which is riskier, SPYM or SWPPX?
Measured by the worst peak-to-trough decline over the last five years, SWPPX has been riskier: SPYM fell as much as 24.5% and SWPPX as much as 24.6%. Their betas are 1.01 and 1.01.
How often do SPYM and SWPPX pay dividends?
SPYM pays quarterly and SWPPX pays annual.
How much income does $10,000 in SPYM vs SWPPX generate?
At current TTM yields, $10,000 in SPYM would generate roughly $8.38 per month ($101 annually). The same amount in SWPPX would produce about $8.14 per month ($98 annually). Actual payouts vary with distribution changes and reinvestment.
Can I hold both SPYM and SWPPX?
Yes. Many income investors hold both to diversify strategy or index exposure. Whether the combination actually diversifies depends on overlapping holdings and factor exposure. Model both inside Dividend Wealth to see combined income, sector mix, and forecast impact.
Where can I compare SPYM vs SWPPX with my full portfolio?
Create a free Dividend Wealth account to import or enter holdings, forecast dividend income, and see how SPYM and SWPPX fit alongside the rest of your portfolio. A 14-day free trial of Standard is available with no credit card required; a limited Free plan is also available.
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For informational and educational purposes only. Not investment advice. Past performance and current yields do not guarantee future results. Verify figures independently before making investment decisions.