R2000 Weekly Distribution ETF
$16.84−0.06 (−0.33%)
- 1.05%
- $85M
- +6.0%
- 38.33%
- 0.1M sh
- $16.93
- low $16.69high $22.67
The ETF.net IWMY Grade
D
Score 36 out of 100
- 8 of 9
Score 36 of 100 falls in the D band. A is 70 or higher, B 55 to under 70, C 40 to under 55, D 25 to under 40, F under 25.
Cost
The fund’s net expense ratio, ranked against its category.F18 out of 100Rank 8 of 9Mission
Whether the fund did what it promised, tested against its stated mandate.C45 out of 100Rank 7 of 7Risk
How the fund held up when markets fell: downside volatility, drawdowns and tail loss.D34 out of 100Rank 7 of 9Tradability
How easy the fund is to trade: daily volume, and how far its price strays from net asset value.C53 out of 100Rank 4 of 9Holdings
How concentrated the fund is, and how complete and current its disclosed holdings are.Durability
Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.B66 out of 100Rank 3 of 9
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
- 4
- 100%
- Rut 12/18/2026 200.34 C
Sectors
- Health Care20.9%
- Financials18.0%
- Technology14.5%
- Industrials13.3%
- Consumer Discretionary8.6%
- Real Estate6.4%
- Energy6.4%
- Materials4.3%
- Utilities2.7%
- Consumer Staples2.6%
- Communication2.3%
IWMY Performance
Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.
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IWMY$10,603
Returns run to the Oct 12, 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 | +8.0% |
| 1 month | −3.2% |
| 3 months | −5.9% |
| 1 year | +6.0% |
| 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 | +8.0% | |
| 2025 | +10.3% | |
| 2024 | +5.9% | |
| 2023 | +8.7% |
IWMY in the news
First-Year Review
JEDI crossed $200 million after taking a Shield AI stake
IWMY Dividends
- 38.33%
- $6.47
- $0.10 per share
- Weekly
Distribution history
IWMY Risk
- 13.2%
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.
- 0.51
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.
- 0.85
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
1.05%
IWMY1.05%
- The middle half of Russell 2000 Option Income funds
- Median 0.76%
7 of the 9 Russell 2000 Option Income funds charge less.
Other funds in Russell 2000 Option Income
- BFTKIFirst Trust Small Cap BuyWrite Income ETFExpense ratio 0.86%1 year return +22.3%
- BIWMINEOS Russell 2000 High Income ETFExpense ratio 0.76%1 year return +18.2%
- CCPRACalamos Russell 2000 Structured Alt Protection ETF – AprilExpense ratio 0.69%1 year return +6.8%
- CRDTERoundhill Investments - Russell 2000 0DTE Covered Call Strategy ETFExpense ratio 0.97%1 year return +18.1%
- DRDTYYieldMax R2000 0DTE Covered Call Strategy ETFExpense ratio 1.73%1 year return +17.5%