Trailing 12-month dividend yield: SPY against two open-end S&P 500 ETFs
Answered against 22 years of US equities and 12 years of US options data and published with the query that produced it. This result is stored as of 2026-08-22, from SPY Dividend Yield: Why It Trails the Index.
| ticker | trailing_yield_pct | yield_spread_vs_spy_bps |
|---|---|---|
| IVV | 1.063 | 8.2 |
| SPY | 0.981 | 0 |
| VOO | 1.042 | 6.1 |
- Rows × columns
- 3 × 3
- Computed
- Completeness
- No missing values
- Source
- US exchange, SIP and OPRA market data
- Licence
- Strasmore terms · free, no signup
What each column holds
| Column | Type | Range | Notes |
|---|---|---|---|
ticker |
text | 3 distinct values (IVV, SPY, VOO) | |
trailing_yield_pct |
number | 0.981 to 1.063 | percent |
yield_spread_vs_spy_bps |
number | 0 to 8.2 | ratio or rate |
Computed from Strasmore's warehouse of US exchange, SIP and OPRA market data. Equity prices are delayed; options greeks and implied volatility are end-of-day. This result is stored, not recomputed on load — it is exactly the numbers that were returned on , and the query below is what returned them.
the exact SQL behind every number
WITH
divs AS
(
SELECT
ticker,
ex_dividend_date,
max(toFloat64(cash_amount)) AS cash_amount
FROM global_markets.stocks_dividends
WHERE ticker IN ('SPY', 'VOO', 'IVV')
AND ex_dividend_date >= today() - 365
AND ex_dividend_date < today()
GROUP BY ticker, ex_dividend_date
),
ttm AS
(
SELECT
ticker,
sum(cash_amount) AS ttm_dividend
FROM divs
GROUP BY ticker
HAVING count() = 4
),
px AS
(
SELECT
ticker,
toFloat64(argMax(close, window_start)) AS last_close
FROM global_markets.delayed_stocks_minute_aggs
WHERE ticker IN ('SPY', 'VOO', 'IVV')
AND window_start >= today() - 15
AND (toHour(toTimeZone(window_start, 'America/New_York')) * 60
+ toMinute(toTimeZone(window_start, 'America/New_York'))) >= 570
AND (toHour(toTimeZone(window_start, 'America/New_York')) * 60
+ toMinute(toTimeZone(window_start, 'America/New_York'))) < 960
GROUP BY ticker
),
fund_yield AS
(
SELECT
ttm.ticker AS ticker,
ttm.ttm_dividend / px.last_close * 100 AS yield_pct
FROM ttm
INNER JOIN px ON px.ticker = ttm.ticker
),
spy_yield AS
(
SELECT max(yield_pct) AS spy_pct
FROM fund_yield
WHERE ticker = 'SPY'
)
SELECT
fund_yield.ticker AS ticker,
round(fund_yield.yield_pct, 3) AS trailing_yield_pct,
round((fund_yield.yield_pct - spy_yield.spy_pct) * 100, 1) AS yield_spread_vs_spy_bps
FROM fund_yield
CROSS JOIN spy_yield
ORDER BY ticker
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