Defiance S&P 500 Target Income ETF
$16.39−0.02 (−0.11%)
- 0.92%
- $169M
- +10.5%
- 21.22%
- 122K sh
- low $15.77high $18.25
The ETF.net SPYT Grade
C
Score 47 out of 100
- 35 of 52
Score 47 of 100 falls in the C 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.F19 out of 100Rank 42 of 52Mission
Whether the fund did what it promised, tested against its stated mandate.A93 out of 100Rank 21 of 36Risk
How the fund held up when markets fell: downside volatility, drawdowns and tail loss.D32 out of 100Rank 41 of 52Tradability
How easy the fund is to trade: daily volume, and how far its price strays from net asset value.C53 out of 100Rank 22 of 52Holdings
How concentrated the fund is, and how complete and current its disclosed holdings are.D37 out of 100Rank 33 of 41Durability
Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.C52 out of 100Rank 32 of 52
Our read on SPYT
In short
CMost S&P 500 income funds sell a call and stop there. SPYT sells a daily call spread, buying a higher strike back, so above that upper strike it can track index gains again. Stated aim: a 20% annualized payout, paid monthly.
Stated mandate
The Fund primarily seeks current income and secondarily seeks exposure to the performance of the S&P 500 Index through an actively managed strategy that holds index-tracking ETFs and sells daily credit call spreads.
Why people hold it
Worth knowing
SPYT Performance
Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.
Not enough history yet.Not enough history yet.Not enough history yet.
SPYT$11,050
Returns run to the Oct 30, 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 | SPYT |
|---|---|
| Year to date | +10.9% |
| 1 month | −1.3% |
| 3 months | +1.4% |
| 1 year | +10.5% |
| 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 | SPYT |
|---|---|---|
| 2026 YTD | +10.9% | |
| 2025 | +12.5% | |
| 2024 | +13.0% |
SPYT in the news
SPYT Dividends
- 21.22%
- $3.54
- $0.29 per share
- Monthly
SPYT Risk
- 10.8%
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.
- 0.83
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.
- −18.2%
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.
- 0.91
How it’s calculated: beta
The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.
FMP measures it over up to five years of monthly returns.
SPYT Cost
Overpaying vs PEPS, cheapest in S&P 500 Option Income
$15,267
On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.
SPYT 0.92%
$17,373
PEPS 0.10% Cheapest
$2,106
Cost over time
Year by year
| Year | SPYT | PEPS | Overpaying |
|---|---|---|---|
| 10 | $1,627 | $183 | $1,444 |
| 20 | $6,138 | $717 | $5,421 |
| 30 | $17,373 | $2,106 | $15,267 |
Other funds in S&P 500 Option Income
- CSPUTInnovator Equity Premium Income – Daily PutWrite ETFExpense ratio 0.79%1 year return +9.4%
- CXSPINEOS Boosted S&P 500 High Income ETFExpense ratio 0.98%1 year return
- CCAIECalamos Autocallable Income ETFExpense ratio 0.74%1 year return +9.7%
- CXDTERoundhill S&P 500 0DTE Covered Call Strategy ETFExpense ratio 0.97%1 year return +11.7%
- COCTJInnovator Premium Income 30 Barrier ETFExpense ratio 0.79%1 year return +5.2%
