Which paid more, SDVD or SPUT?

Over the year to Nov 4, 2026, SDVD paid 9.7% of its starting price in cash and SPUT paid 4.8%, so SDVD paid more. Cash paid is not the same as money made: the price change matters too.

Which returned more once distributions are counted, SDVD or SPUT?

With every distribution reinvested, SDVD returned +18.9% and SPUT +10.7% over the year to Nov 4, 2026.

Which is cheaper, SDVD or SPUT?

SDVD charges 0.85% a year and SPUT charges 0.79%, so SPUT is cheaper. Fees come from each fund's prospectus.

Data as of Nov 4, 2026.

Income ETFs

SDVD vs SPUT: Dividend Yield & Total Return

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Over the year to Nov 4, 2026, SDVD paid 9.7% of its price in cash against SPUT’s 4.8%, and returned more with it reinvested.

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Net assets: $903m on Nov 3, 2026 for FT Vest SMID Rising Dividend Achievers Target Income ETF, and $17m on Nov 4, 2026 for Innovator Equity Premium Income - Daily PutWrite ETF.

SDVD on its own →SPUT on its own →

At a glance

9.7%

SDVD cash paid, 1 year

4.8%

SPUT cash paid, 1 year

+18.9%

SDVD total return, 1 year

+10.7%

SPUT total return, 1 year

SDVD · 1 year to Nov 4, 2026 1.4 pts ahead of SDVY

SDVD

+18.9%

SDVY

+17.5%

1.4 pts ahead of SDVY

SDVD over 1 year: paid 9.7%, price +8.6%, total +18.9%, SDVY +17.5%, +1.4 pts. Data to Nov 4, 2026.

SDVY

+17.5%

SDVD

+18.9%

9.7% of it arrived as cash

1.4 pts ahead of SDVY

Total return, distributions reinvested

1.4 pts ahead of SDVY

SDVD over 1 year: paid 9.7%, price +8.6%, total +18.9%, SDVY +17.5%, +1.4 pts. Data to Nov 4, 2026.

SDVY

+17.5%

SDVD

+18.9%

9.7% cash

1.4 pts ahead of SDVY

9.7% of it arrived as cash. Total return, distributions reinvested. SDVD over 1 year: paid 9.7%, price +8.6%, total +18.9%, SDVY +17.5%, +1.4 pts. Data to Nov 4, 2026.

Data to Nov 4, 2026.

SPUT · 1 year to Nov 4, 2026 4.1 pts behind SPY

SPUT

+10.7%

SPY

+14.8%

4.1 pts behind SPY

SPUT over 1 year: paid 4.8%, price +5.7%, total +10.7%, SPY +14.8%, −4.1 pts. Data to Nov 4, 2026.

SPY

+14.8%

SPUT

+10.7%

4.8% as cash

4.1 pts behind SPY

Total return, distributions reinvested

4.1 pts behind SPY

SPUT over 1 year: paid 4.8%, price +5.7%, total +10.7%, SPY +14.8%, −4.1 pts. Data to Nov 4, 2026.

SPY

+14.8%

SPUT

+10.7%

4.1 pts behind SPY

4.8% of it arrived as cash. Both charts share one scale, 0 to +18.9%. SPUT over 1 year: paid 4.8%, price +5.7%, total +10.7%, SPY +14.8%, −4.1 pts. Data to Nov 4, 2026.

Both charts share one scale, 0 to +18.9%. Data to Nov 4, 2026.

Pair scorecard

SPUT costs 0.06 points a year less; their one-year returns differ by 8.2 points; SDVD is far larger, $903m against $17m.

Points (pts) are percentage points.

SDVD vs SPUT: Dividend Yield & Total Return
Measure	SDVD	SPUT
Paid and earned
Measure	SDVD	SPUT
Total return, 1 year	+18.9%	+10.7%
Price change, 1 year	rose 8.6%	rose 5.7%
Return of capital, issuer estimate	22% of the Oct 30, 2026 payment	58% of the Nov 2, 2026 payment
Against its benchmark
Measure	SDVD	SPUT
Benchmark	First Trust SMID Cap Rising Dividend Achievers ETF, measured through SDVY	S&P 500, measured through SPY
Cost and size
Measure	SDVD	SPUT
Expense ratio	0.85%	0.79%
Net assets, as of Nov 3, 2026	$903m	$17m
Holdings
Measure	SDVD	SPUT
Holdings in common	1%

ETFIQ Distribution Coverage Score · SPUT scores higher How much of what it paid out did its total return cover?

IQ Income Score84.7SDVD88.9SPUT

How much of its payouts the fund's total return covered, ranked against 167 income ETFs not writing on a single company. 100 is best. How it is computed

SDVD 84.7

SPUT 88.9

0.3, the lowest in this set 99.7, the highest

One year only, and a ratio of two published numbers: it says nothing about where a distribution came from. All income ETFs ranked by it →

Method

What they share

By the books each fund has filed, SDVD and SPUT hold 1% of their money in the same securities at the same weight. Holdings dated Jul 31, 2026 and Nov 3, 2026.

50%

0 half 100%

half

1% in common

Positions both hold · largest shared weight first SDVD SPUT

Comfort Systems USA, Inc. 0.46% 0.05%

Hewlett Packard Enterprise Company 0.22% 0.05%

Fifth Third Bancorp 0.48% 0.04%

Interactive Brokers Group, Inc. (Class A) 0.84% 0.03%

EMCOR Group, Inc. 0.83% 0.03%

Expedia Group, Inc. 0.98% 0.03%

NetApp, Inc. 0.80% 0.03%

Northern Trust Corporation 0.52% 0.03%

Cboe Global Markets, Inc. 0.77% 0.03%

Raymond James Financial, Inc. 0.44% 0.03%

Citizens Financial Group, Inc. 0.43% 0.02%

Tapestry, Inc. 0.21% 0.02%

Only in one fund ↓

Only in SDVD

The Hanover Insurance Group, Inc. 1.09%

Reinsurance Group of America, Incorporated 1.06%

Assurant, Inc. 1.02%

Interparfums, Inc. 1.02%

National HealthCare Corporation 1.02%

OFG Bancorp 0.99%

First BanCorp. 0.98%

East West Bancorp, Inc. 0.97%

Only in SPUT

NVIDIA Corp 3.71%

Apple Inc 3.50%

Microsoft Corp 2.70%

Amazon.com Inc 2.06%

Alphabet Inc 1.64%

Broadcom Inc 1.43%

Alphabet Inc 1.43%

Meta Platforms Inc 0.97%

Check overlap with more funds →

Side by side

SDVD FT Vest SMID Rising Dividend Achievers Target Income ETF · Writes calls on the Russell 2000, investing in the Nasdaq US Small-Mid Cap Rising Dividend Achievers Index, paying monthly SPUT Innovator Equity Premium Income - Daily PutWrite ETF · Sells puts on the S&P 500, paying monthly

Issuer First Trust Innovator

Strategy dividend stocks with call overlay put-selling overlay

Benchmark First Trust SMID Cap Rising Dividend Achievers ETF (SDVY) S&P 500 (SPY)

Pays monthly monthly

Payout rate, annualized 8.2% 3.6%

Expense ratio 0.85% 0.79%

Cash paid, 1 year 9.7% 4.8%

Price change, 1 year +8.6% +5.7%

Total return, 1 year +18.9% +10.7%

Benchmark return, 1 year +17.5% +14.8%

Ahead or behind +1.4 pts −4.1 pts

Return of capital, latest estimate 22% 58%

Age 3.2 years 1.6 years

Net assets, SDVD as of Nov 3, 2026 and SPUT as of Nov 4, 2026 $903m $17m

As of Nov 4, 2026. Source: ETFIQ. Cash paid: distributions over the window, as a share of the starting price. Payout rate: the latest payment, annualized, over today’s price.

Window by window

Window by window: SDVD vs SPUT: Dividend Yield & Total Return
	Total return		Cash paid		Against the benchmark
Window	SDVD	SPUT	SDVD	SPUT	SDVD	SPUT
3 months	−2.3%	+0.9%	2.0%	1.0%	+0.5 pts	+1.0 pts
6 months	+3.3%	+3.4%	4.1%	1.9%	+0.9 pts	−1.6 pts
1 year	+18.9%	+10.7%	9.7%	4.8%	+1.4 pts	−4.0 pts
3 years	+60.8%	–	31.3%	–	+1.0 pts	–
Since launchNot the same days: SDVD Aug 2023 · SPUT Mar 2025	+53.9%	+23.3%	31.3%	9.1%	+1.9 pts	−15.6 pts

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Alert

About each fund

SDVD

Over the year to Nov 4, 2026, SDVD paid 9.7% of its starting value in cash distributions while its price rose 8.6%. With every distribution reinvested, the fund returned +18.9%. First Trust SMID Cap Rising Dividend Achievers ETF (SDVY) returned +17.5% over the same days, so a holder was ahead by 1.4 pts. At its price on Nov 4, 2026 the latest distribution annualizes to 8.2%, paid monthly. First Trust estimates that 22% of the distribution paid Oct 30, 2026 was a return of capital (its 19a-1 notice). That is a tax label, not a measure of erosion.

SPUT

Over the year to Nov 4, 2026, SPUT paid 4.8% of its starting value in cash distributions while its price rose 5.7%. With every distribution reinvested, the fund returned +10.7%. S&P 500 (SPY) returned +14.8% over the same days, so a holder was behind by 4.1 pts. At its price on Nov 4, 2026 the latest distribution annualizes to 3.6%, paid monthly. Innovator estimates that 58% of the distribution paid Nov 2, 2026 was a return of capital (its 19a-1 notice).

Questions people ask

Which paid more, SDVD or SPUT?: Over the year to Nov 4, 2026, SDVD paid 9.7% of its starting price in cash and SPUT paid 4.8%, so SDVD paid more. Cash paid is not the same as money made: the price change matters too.
Which returned more once distributions are counted, SDVD or SPUT?: With every distribution reinvested, SDVD returned +18.9% and SPUT +10.7% over the year to Nov 4, 2026.
Which is cheaper, SDVD or SPUT?: SDVD charges 0.85% a year and SPUT charges 0.79%, so SPUT is cheaper. Fees come from each fund's prospectus.

Other comparisons

SDVD vs JULH SDVD vs DRKY SDVD vs JANJ SDVD vs JULJ SPUT vs FEPI SPUT vs KNG SPUT vs DJIA SPUT vs YLDE

Where to next

First Trust SMID Cap Rising Dividend Achievers ETF (SDVY) →S&P 500 (SPY) →SDVD on its own →SPUT on its own →SDVD dividend history →SDVD holdings →SPUT dividend history →SPUT holdings →Method →Standards and sources →

Sources and dates

SDVD filings on SEC EDGAR ↗

SDVD prospectus with the expense ratio (SEC) ↗

SDVD 19a-1 distribution notice ↗

First Trust page for SDVD ↗

SPUT filings on SEC EDGAR ↗

SPUT prospectus with the expense ratio (SEC) ↗

SPUT 19a-1 distribution notice ↗

Innovator page for SPUT ↗

Links are sources, not endorsements. A comparison is not a recommendation.

How this is computed

It is a place in a set, not a rating or a recommendation.

Overlap adds up the smaller of the two weights for each security both funds hold.

Every number is an ETFIQ calculation with distributions reinvested.

Cite this pageCitation, APA and Markdown

ETFIQ, SDVD against SPUT, data as of Nov 4, 2026. https://etfiq.com/compare/income/sdvd-vs-sput

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