Is APETF or GBDC a better dividend investment in 2026?

APETF currently yields 718.80% with a 5% 5-year dividend growth rate. GBDC yields 11.86% with 5% growth. The better choice depends on your goal: APETF offers higher current income.

What is the dividend yield difference between APETF and GBDC?

APETF has a forward dividend yield of 718.80% ($2.00/share annually). GBDC yields 11.86% ($1.50/share annually). The yield gap is 706.94 percentage points.

Home › Compare › APETF vs GBDC

APETF vs GBDC: Dividend Comparison 2026

APETF yields 718.80% · GBDC yields 11.86%● Live data

vsPost on X →

After 10 years · $10,000 invested · DRIP enabled

🏆 APETF wins by $1131751.17M in total portfolio value

INVESTMENT

TIME HORIZON10 years

APETF

● Live price

718.80%

Share price

$0.28

Annual div

$2.00

5Y div CAGR

Payout ratio

50%

After 10 yrs · $10,000 · DRIP

Portfolio value

$1131772.02M

Annual income

$888,591,182,399.60

Full APETF calculator →

GBDC

● Live price

11.86%

Share price

$12.65

Annual div

$1.50

5Y div CAGR

51.1%

Payout ratio

50%

After 10 yrs · $10,000 · DRIP

Portfolio value

$20.85M

Annual income

$16,450,733.83

Full GBDC calculator →

Portfolio growth — APETF vs GBDC

📍 APETF pulled ahead of the other in Year 1

Annual dividend income

🛡️

Recession Test — Did They Cut Dividends?

How each stock treated shareholders during the 3 biggest crises of the last 20 years

Crisis Period	APETF	GBDC
2008–2009 GFC	— No data	— No data
2020 Q1–Q2 COVID	— No data	— No data
2022 Q4 Rate Hike	— No data	— No data

Based on dividend payment history. "Increased" = dividend grew during crisis. "Maintained" = held within 3%. "Cut" = reduced by more than 3%.

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Dividend Calendar Overlap

Combined, APETF + GBDC cover 0 of 12 months — good coverage

Jan

—

Feb

—

Mar

—

Apr

—

May

—

Jun

—

Jul

—

Aug

—

Sep

—

Oct

—

Nov

—

Dec

—

APETF pays

GBDC pays

Both pay

Neither

💰

Tax Bracket Optimizer

Which stock is actually better after tax? Adjust your rate to find out.

APETF

Annual income on $10K today (after 15% tax)

$61,098.33/yr

After 10yr DRIP, annual income (after tax)

$755,302,505,039.66/yr

GBDC

Annual income on $10K today (after 15% tax)

$1,007.91/yr

After 10yr DRIP, annual income (after tax)

$13,983,123.76/yr

At 15% tax rate, APETF beats the other by $755,288,521,915.90/year in after-tax income after 10 years on $10,000

⚖️

Lazy Portfolio Split Optimizer

What's the optimal mix of APETF + GBDC for your $10,000?

APETF: 50%GBDC: 50%

100% GBDC50/50100% APETF

Portfolio after 10yr

$565896.43M

Annual income

$444,303,816,566.72/yr

Blended yield

78.51%

📊

Analyst Conviction Gap

Where Wall Street is most bullish on GBDC right now

APETF

No analyst data

Altman Z

-51.3

Piotroski

4/9

GBDC

Analyst Ratings

Buy

Hold

Consensus: Buy

Price Target

$14.00

+10.7% upside vs current

Range: $13.00 — $15.00

Altman Z

0.6

Piotroski

6/9

Analyst ratings via FMP. Altman Z-Score: >3.0 safe, 1.81–3.0 grey zone, <1.81 distress. Piotroski: 7–9 strong, 0–3 weak.

🏛️

Copy Congress — What Are Politicians Buying?

Senate & House STOCK Act disclosures (last 90 days)

APETF buys

GBDC buys

No recent congressional trades found for APETF or GBDC in the last 90 days.

STOCK Act mandates disclosure within 45 days of transaction. Data via FMP.Full tracker →

MetricAPETFGBDC

Forward yield	718.80% ✓	11.86%
Annual dividend / share	$2.00 ✓	$1.50
Payout ratio	50%	50%
1-year div growth	0%	0%
5-year div CAGR	0%	51.1% ✓
Portfolio after 10y	$1131772.02M ✓	$20.85M
Annual income after 10y	$888,591,182,399.60 ✓	$16,450,733.83
Total dividends collected	$1112177.82M ✓	$20.43M
Payment frequency	quarterly	quarterly
Sector	Stock	BDC

Year-by-year: APETF vs GBDC ($10,000, DRIP)

Year	APETF Portfolio	APETF Income/yr	GBDC Portfolio	GBDC Income/yr	Gap
1← crossover	$82,580	$71,880.39	$12,492	$1,791.70	+$70.1K → APETF
2	$643,119	$554,758.02	$16,527	$3,160.58	+$626.6K → APETF
3	$4,725,839	$4,037,701.80	$23,588	$5,904.90	+$4.70M → APETF
4	$32,785,892	$27,729,244.37	$37,141	$11,901.65	+$32.75M → APETF
5	$214,869,578	$179,788,673.38	$66,205	$26,463.38	+$214.80M → APETF
6	$1,331,111,136	$1,101,200,687.10	$137,452	$66,612.65	+$1330.97M → APETF
7	$7,799,903,883	$6,375,614,967.64	$342,372	$195,298.53	+$7799.56M → APETF
8	$43,260,992,969	$34,915,095,814.80	$1,053,292	$686,954.33	+$43259.94M → APETF
9	$227,271,808,342	$180,982,545,864.91	$4,111,439	$2,984,416.95	+$227267.70M → APETF
10	$1,131,772,017,326	$888,591,182,399.60	$20,849,974	$16,450,733.83	+$1131751.17M → APETF

APETF vs GBDC: Complete Analysis 2026

APETF — Stock

AlphaGen Intelligence Corp. operates as a game and software development company in North America and internationally. It holds a portfolio of assets in gaming, generative AI, technology, and content production services. The company owns and operates Shape, a metaverse studio, which builds the future of web3 gaming experiences and supporting companies as their metaverse partner to design and build leading brand and virtual retail experiences; MANA, a white-label SaaS solution that allows brands and other organizations to launch their own gaming platforms without having to fund technological or backend systems; and GamerzArena, a gaming platform that provides an esports ecosystem for all gamers that provides video game contests where gamers can compete for cash and prizes in leadership and bracket formats. AlphaGen Intelligence Corp. has a strategic partnership with XCAVE Studios Inc. to develop next-generation branded experiences in Fortnite. The company was formerly known as Alpha Metaverse Technologies Inc. and changed its name to AlphaGen Intelligence Corp. in June 2023. The company was incorporated in 2019 and is based in Vancouver, Canada.

Full APETF Calculator →

GBDC — BDC

Golub Capital BDC, Inc. (GBDC) is a business development company and operates as an externally managed closed-end non-diversified management investment company. It invests in debt and minority equity investments in middle-market companies that are, in most cases, sponsored by private equity investors. It typically invests in diversified consumer services, automobiles, healthcare technology, insurance, health care equipment and supplies, hotels, restaurants and leisure, healthcare providers and services, IT services and specialty retails. It seeks to invest in the United States. It primarily invests in first lien traditional senior debt, first lien one stop, junior debt and equity, senior secured, one stop, unitranche, second lien, subordinated and mezzanine loans of middle-market companies, and warrants.

Full GBDC Calculator →

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⚠️ Educational purposes only. Not financial advice. Congressional trades sourced from SEC STOCK Act filings via FMP. Past performance does not guarantee future results.