SPYD Outpaces S&P 500 on Lower Valuations
The State Street SPDR Portfolio S&P 500 High Dividend ETF has outpaced the S&P 500 year-to-date, with GN markets/earnings (en-US) confirming a 17.03% return driven by a significant valuation discount of 17.06x earnings versus the market's 25x. While the low 0.07% expense ratio and 4.28% yield are attractive, investors should note the ETF's heavy real estate exposure creates potential tax inefficiencies.
According to GN markets/earnings (en-US), SPYD has generated a 17.03% cumulative return year-to-date through Sept. 1, outperforming the S&P 500's 12.34% gain, largely due to its portfolio trading at a 17.06x earnings multiple compared to the broader index's 25x. The report also highlights a tax efficiency drawback, noting that SPYD’s 24.26% allocation to real estate includes REIT distributions that may not qualify for lower qualified-dividend tax rates.
Source: Yahoo FinanceThe State Street SPDR Portfolio S&P 500 High Dividend ETF has delivered superior year-to-date returns compared to the broader index, driven by a significant discount in valuation multiples rather than yield alone.
Source: 247wallst.com
