Price Return vs Total Return: The Real Gap
Price return vs total return: the S&P 500 headline index leaves out dividends. See the compounding gap measured over 20 years and where each version is used.
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S&P 500 Dividend Yield: How It's Measured
The S&P 500 dividend yield is cap weighted dividends over total market value, not an average of member yields. See the arithmetic and eleven years of readings.