R2000 Weekly Distribution ETF
$17.43−0.28 (−1.61%)
- Expense ratio
- 1.05%
- Fund size
- $91M
- 1Y return
- +7.1%
- Yield · Last 12 months
- 39.49%
- Holdings
- 5
- Volume · 30D
- 0.1M sh
- NAV per share
- $17.62
- 52W range
The ETF.net IWMY Grade
Score 35 of 100 sits in the D band. Bands: A ≥ 70, B ≥ 55, C ≥ 40, D ≥ 25, F < 25; the scale skips E.
Cost
What you pay to own it — the expense ratio plus trading frictions, ranked within its category.FScore 18Category rankMission
How faithfully it does the job it claims — tracking its mandate or index with minimal slippage.CScore 40Category rankRisk
How violently it can move — volatility, drawdown depth, and downside capture versus its category.DScore 35Category rankTradability
How cheaply and easily you can get in and out — liquidity, spread, and premium/discount stability.CScore 54Category rankHoldings
What it actually owns — the quality, breadth, and concentration of the underlying portfolio.Not scoredDurability
Whether it will still be here — the fund’s assets, age, flows, and issuer staying power.BScore 66Category rank
Our read on IWMY
DMost Russell 2000 income funds pay monthly. IWMY pays weekly, funding it by selling daily credit call spreads on the index while holding long exposure, with a stated policy target of 30% of NAV a year in cash.
The Fund seeks current income as its primary objective and secondary exposure to the performance of the Russell 2000 Index.
Why people hold it
- Weekly cash rather than monthly: distributions are scheduled every week and sourced primarily from option premium on daily Russell 2000 credit call spreads.defianceetfs.com
- The 30% annual distribution target is stated policy, not a guess. You know the payout rule going in, and the manager adjusts the strategy to pursue it.defianceetfs.com
- Spreads, not naked calls: the fund buys a higher strike against each short call, so participation is limited between the strikes while long index exposure can still gain above the upper strike.defianceetfs.comdefianceetfs.com
- Live since 2023, one of the early weekly-payout ETFs, so the mechanism has run through real small-cap swings rather than existing only on a fact sheet.defianceetfs.com
Worth knowing
- At 1.05% a year it runs above the typical Russell 2000 options-income fund. IWMW charges 0.39% and RYLD 0.60% for their own takes on the same index.
- Distributions may include return of capital, which the issuer notes reduces NAV and trading price and over time can result in losses on the investment.defianceetfs.com
- Against its Russell 2000 income peer group, our review places it in the lower tier, driven mainly by cost and how the payout is funded relative to index exposure.
IWMY Holdings
- Stocks
- 5
- 100%
- RUT 12/18/2026 200.34 C
Sectors
IWMY Performance
Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.
Returns run to the Sep 22, 2026 close, with cash distributions reinvested. Each period starts on the same date that many months or years earlier. Periods over one year show the average yearly return.
| Period | IWMY |
|---|---|
| Year to date | +11.3% |
| 1 month | −4.0% |
| 3 months | −3.9% |
| 1 year | +7.1% |
| 3 years | — |
| 5 years | — |
| 10 years | — |
Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.
| Year | Return bar | IWMY |
|---|---|---|
| 2026 YTD | +11.3% | |
| 2025 | +10.3% | |
| 2024 | +5.9% | |
| 2023 | +8.7% |
IWMY in the news
ETF.net Research hasn’t filed on IWMY yet — coverage lands here as it’s written.
IWMY Dividends
- 39.49%
- $6.99
- $0.10 per share
- Weekly
Distribution history
| Ex-date | Pay date | Amount per share |
|---|---|---|
| Sep 17, 2026 | Sep 18, 2026 | $0.10 |
| Sep 10, 2026 | Sep 11, 2026 | $0.11 |
| Sep 3, 2026 | Sep 4, 2026 | $0.11 |
| Aug 27, 2026 | Aug 28, 2026 | $0.11 |
| Aug 20, 2026 | Aug 21, 2026 | $0.11 |
| Aug 13, 2026 | Aug 14, 2026 | $0.11 |
| Aug 6, 2026 | Aug 7, 2026 | $0.11 |
| Jul 30, 2026 | Jul 31, 2026 | $0.11 |
| Jul 23, 2026 | Jul 24, 2026 | $0.11 |
| Jul 16, 2026 | Jul 17, 2026 | $0.11 |
| Jul 9, 2026 | Jul 10, 2026 | $0.11 |
| Jul 2, 2026 | Jul 6, 2026 | $0.11 |
IWMY Risk
- 12.9%
How it’s calculated: standard deviation
The sample standard deviation of monthly total returns, multiplied by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Total returns include reinvested distributions.
- 0.68
How it’s calculated: Sharpe ratio
Subtract each month’s Treasury-bill return from the fund’s monthly total return.
Divide the average of those excess returns by their sample standard deviation, then multiply by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Each month uses the Treasury yield quoted at the end of the previous month.
- −18.6%
How it’s calculated: maximum drawdown
The largest percentage decline from an earlier peak, using total returns with reinvested distributions.
Uses up to five years through the last close, with at least 12 months required.
- 0.84
How it’s calculated: beta
The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.
IWMY Cost
- The middle half of Russell 2000 Option Income funds
- Median 0.76%
7 of the 9 Russell 2000 Option Income funds charge less.