1 No-Brainer High-Yield S&P Index Fund to Buy Right Now for Less Than $100

By Reuben Gregg Brewer – Apr 1, 2026 at 1:15AM ESTKey PointsSPDR Portfolio S&P 500 High Dividend ETF starts its search with the S&P 500 index.Selecting the highest-yielding stocks from the S&P 500 allows the ETF to materially improve the yield equation for dividend lovers.It is a hard time to be a dividend investor because, even after recent price weakness, the S&P 500 index (^GSPC +2.91%) is still offering a tiny 1.1% dividend yield. You can do much better than that if you buy individual stocks, but that exposes you to idiosyncratic risk and requires you to do a lot of legwork. SPDR Portfolio S&P 500 High Dividend ETF (SPYD +0.91%) could be the simple exchange-traded fund (ETF) solution you are looking for. How the S&P 500 is created One of the big benefits of the S&P 500 index is that it is composed of large, economically important businesses that have been vetted by a committee of human beings. Another key benefit is that the index is specifically designed to be diversified, with roughly 500 stocks and exposure to the most important market sectors. The index is market-cap-weighted, so the largest stocks have the greatest impact on performance, just like the broader economy operates. If you are looking for diversified exposure to U.S. stocks, it is a simple and elegant solution. Image source: Getty Images. That said, it wasn't designed with dividend investors in mind. This is where SPDR Portfolio S&P 500 High Dividend ETF comes in. It takes the 500 or so stocks in the S&P 500 and sorts them by dividend yield. The 80 stocks with the highest yields are included in the ETF. The stocks are equally weighted, so each stock has the same impact on overall performance. The ETF's dividend yield is a very attractive 4%. ExpandNYSEMKT: SPYDSPDR Portfolio S&P 500 High Dividend ETFToday's Change(0.91%) $0.41Current Price$45.52Key Data PointsDay's Range$45.16 - $45.7652wk Range$37.92 - $48.53Volume2.4M SPDR Portfolio S&P 500 High Dividend ETF has a different focus What's particularly interesting about SPDR Portfolio S&P 500 High Dividend ETF today is that its dividend bias materially changes the portfolio. Where technology makes up roughly a third of the S&P 500 index, it accounts for just 2.4% of SPDR Portfolio S&P 500 High Dividend ETF's assets. The ETF is concentrated in more defensive areas like real estate, consumer staples, and utilities. With a higher yield and less exposure to technology, SPDR Portfolio S&P 500 High Dividend ETF could be a no-brainer buy for investors worried about an AI bubble. And since the ETF trades for well below $100 per share, you can pick up a fairly sizable position even if you don't have tens of thousands of dollars to invest.Read NextApr 1, 2026 •By Reuben Gregg BrewerShould You Buy Vanguard Energy ETF or Chevron?Apr 1, 2026 •By David DierkingThe Best Financial ETF to Buy Before the Next Rate DecisionMar 31, 2026 •By Emma NewberyStock Market Today, March 31: Stocks Rally on Hopes of Easing Iran ConflictMar 31, 2026 •By Geoffrey SeilerMarket Volatility Is Spiking. Here's Exactly What Long-Term Investors Should Do.Mar 31, 2026 •By Anders BylundS&P 500, Nasdaq Surge as Investors Weigh Fed Comments and Geopolitical DevelopmentsMar 31, 2026 •By Marc GubertiWhy Savvy Investors Are Loading Up on These 2 Stocks Amid Market ChaosAbout the AuthorReuben Gregg Brewer is a contributing Motley Fool stock market analyst covering energy, utilities, REITs, and consumer staples. He is the former director of research at Value Line Publishing, where he rose from mutual fund analyst to equity analyst before leading all research operations. Reuben holds a bachelor’s degree in psychology from SUNY Purchase, a master’s in social work from Columbia University, and an MBA from Regis University. He has been featured as a financial expert on CNBC and in the Financial Times, Barron’s, and InvestmentNews.TMFReubenGBrewerStocks MentionedSPDR Portfolio S&P 500 High Dividend ETFNYSEMKT: SPYD$45.52(+0.91%)+$0.41S&P 500 IndexSNPINDEX: ^GSPC$6,528.52(+2.91%)+$184.80*Average returns of all recommendations since inception. Cost basis and return based on previous market day close.