HSBC vs SPXX: Which Is the Better Dividend Stock?
As of Oct 18, 2026, SPXX (Nuveen S&P 500 Dynamic Overwrite Fund) screens as the stronger dividend stock, winning 5 of 8 head-to-head metrics. SPXX offers the higher yield at 9.10%, HSBC has the higher dividend-safety score, and SPXX looks like the better value (its fair-value estimate is 103% above its share price).
Key facts: HSBC vs SPXX
Data as of · Source: SmarterDividends data
- As of Oct 18, 2026, Nuveen S&P 500 Dynamic Overwrite Fund (SPXX) has the higher forward dividend yield at 9.10%, versus 3.97% for HSBC Holdings plc (HSBC).
- As of Oct 18, 2026, SmarterDividends grades HSBC's dividend safety B (72/100) and SPXX's B (70/100).
- By SmarterDividends' count as of Oct 18, 2026, HSBC has raised its dividend for 0 consecutive years and SPXX for 2.
- As of Oct 18, 2026, HSBC pays out 54% of its earnings as dividends and SPXX pays out 37%.
- As of Oct 18, 2026, HSBC's fair-value estimate is 44% above its share price and SPXX's fair-value estimate is 103% above its share price, so SPXX looks like the better value of the two on SmarterDividends' blended model.
Cite this page
SmarterDividends, "HSBC vs SPXX: Dividend Yield, Safety & Value Compared," updated Oct 18, 2026, https://smarterdividends.com/compare/hsbc-vs-spxx
| Metric | HSBC | SPXX |
|---|---|---|
| Forward yield | 3.97% | 9.10% |
| Annual dividend | $3.75 | $1.69 |
| Payout ratio | 54% | 37% |
| Years of growth | 0 yr | 2 yr |
| 5-yr dividend growth | -13.8% | 6.2% |
| 5-yr total return | 242% | 4% |
| Dividend safety score | 72 (B) | 70 (B) |
| Fair value estimate | $135.99 | $37.60 |
| Upside to fair value | +44% | +103% |
| Frequency | quarterly | quarterly |
| Market cap | $323.4B | $332.9M |
| P/E ratio | 13.5 | 4.7 |
Higher yield
SPXX
9.10%
Safer dividend
HSBC
Grade B
Faster growth
SPXX
6.2%
Better value
SPXX
+103% upside
HSBC vs SPXX — FAQ
Is HSBC or SPXX a better dividend stock?
On the data, SPXX wins more head-to-head categories (5 vs 3). SPXX offers the higher yield (9.10%), while HSBC has the stronger dividend-safety score. The right pick depends on whether you prioritise income, safety or value.
Which has a higher dividend yield, HSBC or SPXX?
SPXX has the higher forward dividend yield at 9.10%, versus 3.97% for HSBC.
Is HSBC or SPXX safer?
HSBC has the higher dividend-safety score (72/100 vs 70/100), reflecting stronger payout coverage and dividend-growth history.
Is HSBC or SPXX better value right now?
As of Oct 18, 2026, SPXX looks like the better value: its fair-value estimate is 103% above its share price (undervalued). For HSBC, its fair-value estimate is 44% above its share price.
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See more dividend stock comparisons · data refreshes daily · for informational purposes only, not investment advice.