$SPHY Monthly Dividend: 7.50% Yield, Income Calculator & Price Decay
$SPHY — State Street SPDR Portfolio High Yield Bond ETF — currently shows a 7.50% distribution rate and pays monthly. That ranks it #17 out of 25 monthly-paying ETFs in our database. Below: exactly how much capital it takes to hit your income target, where $SPHY sits against its closest peers, and whether it carries a price decay flag.
$SPHY At a Glance
⚠ Price Decay: Yes Moderate High Yield Top 36% by yield
How Much $SPHY Do You Need for Monthly Income?
This is the calculation most people actually want. At $SPHY's current 7.50% distribution rate, here is the capital required to hit common monthly income targets:
| Monthly Income Goal | Annual Income | Capital Required in $SPHY |
|---|---|---|
| $100 / month | $1,200 | $16,000 |
| $250 / month | $3,000 | $40,000 |
| $500 / month | $6,000 | $80,000 |
| $1,000 / month | $12,000 | $160,000 |
| $2,500 / month | $30,000 | $400,000 |
| $5,000 / month | $60,000 | $800,000 |
Where $SPHY Ranks Among Monthly Dividend ETFs
$SPHY's 7.50% distribution rate places it in the Moderate High Yield tier — a meaningful payout that is still within the range many diversified income funds sustain. It sits at #17 of 25 funds by yield, putting it in the top 36% of monthly payers we track.
Yield rank alone is a weak signal. A fund at the very top of the list is usually there because it is running an aggressive single-stock option strategy, not because it is a better fund. Rank is useful for finding candidates, not for choosing between them.
Closest peers by yield
| Ticker | Fund Name | Yield | Price Decay |
|---|---|---|---|
| $FTHI | First Trust BuyWrite Income ETF | 9.00% | No |
| $JEPI | JPMorgan Equity Premium Income ETF | 8.39% | No |
| $KNG | FT Vest S&P 500 Dividend Aristocrats Target Income ETF | 8.00% | No |
| $JPIE | JPMorgan Income ETF | 6.00% | Yes |
| $BUYW | Main BuyWrite ETF | 6.00% | No |
| $SPHY | State Street SPDR Portfolio High Yield Bond ETF | 7.50% | Yes |
$SPHY Price Decay Analysis
$SPHY is currently flagged with price decay. That means its share price sits below where it started at inception. For a high-yield fund this is the pattern worth understanding closely: some of the cash you receive each month may effectively be your own principal being returned rather than income generated on top of a stable asset base.
Price decay is not automatically disqualifying. What matters is total return — price change plus every distribution reinvested. A fund can decay 8% in price while paying 20% and still leave you ahead. It can also decay 30% while paying 20% and leave you well behind. The decay flag tells you to check that math, not to skip the fund.
📊 See the Full $SPHY Scorecard
Live data, complete metrics, and side-by-side comparison against every monthly payer we track.
Open the $SPHY Scorecard →$SPHY Monthly Dividend FAQ
How much do I need to invest in $SPHY to make $1,000 a month?
At a 7.50% distribution rate, generating $1,000 per month ($12,000 per year) from $SPHY would require approximately $160,000 invested. This is a straight yield calculation using the current rate — actual monthly amounts vary, and the distribution rate itself changes over time.
Does $SPHY pay dividends monthly?
Yes. $SPHY appears in the MonthlyETFs.com database of monthly-paying funds, meaning it distributes income on a monthly rather than quarterly schedule. Exact payment amounts and ex-dividend dates are set by the fund issuer and vary period to period.
What is $SPHY's dividend yield?
$SPHY currently shows a distribution rate of 7.50%, which places it in the Moderate High Yield tier and ranks it #17 out of 25 monthly-paying ETFs we track. Distribution rates are not guaranteed and move with the fund's underlying strategy and market conditions.
Does $SPHY have price decay?
Yes. $SPHY is currently flagged for price decay, meaning its share price is below its inception price. Price decay measures share price only and does not account for the distributions you have received along the way — check total return before drawing conclusions.
Is $SPHY a good investment?
MonthlyETFs.com does not give buy or sell signals. What we can tell you is where $SPHY sits on the data: a 7.50% distribution rate, $1.09B in assets, and a price decay flag. Whether that fits your situation depends on your income needs, tax situation, and risk tolerance. Consult a licensed financial advisor.
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Disclaimer: MonthlyETFs.com is for entertainment and educational purposes ONLY. Nothing here is a buy or sell signal, investment advice, or tax advice. Yield, AUM and price decay figures are sourced from public data and refreshed automatically — they may be inaccurate or outdated and can change dramatically without notice. Distribution rates are not guaranteed and may be reduced or suspended at any time. Price decay reflects share price versus inception price only and does not account for distributions. Past performance does not predict future results. Investing carries risk including loss of principal. We are not financial advisors. Always verify current figures with the fund issuer and consult a licensed financial advisor before investing.