Defiance S&P 500 Target Income ETF (SPYT)
| Assets | $119.23M |
| Expense Ratio | 0.94% |
| PE Ratio | n/a |
| Shares Out | 6.58M |
| Dividend (ttm) | $3.78 |
| Dividend Yield | 21.14% |
| Ex-Dividend Date | Nov 3, 2025 |
| Payout Frequency | Monthly |
| Payout Ratio | n/a |
| Volume | 179,768 |
| Open | 18.11 |
| Previous Close | 18.13 |
| Day's Range | 17.85 - 18.12 |
| 52-Week Low | 14.87 |
| 52-Week High | 20.29 |
| Beta | n/a |
| Holdings | 6 |
| Inception Date | Mar 7, 2024 |
About SPYT
Fund Home PageThe Defiance S&P 500 Target Income ETF (SPYT) is an exchange-traded fund that mostly invests in large cap equity. The fund is an actively managed fund-of-funds seeking to provide current income through option premiums from daily S&P 500 call spreads. The secondary objective of the fund is to seek exposure to the indexs performance. SPYT was launched on Mar 7, 2024 and is issued by Defiance.
Dividends
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Nov 3, 2025 | $0.321 | Nov 4, 2025 |
| Oct 1, 2025 | $0.322 | Oct 2, 2025 |
| Sep 2, 2025 | $0.3218 | Sep 3, 2025 |
| Aug 1, 2025 | $0.3202 | Aug 4, 2025 |
| Jul 1, 2025 | $0.3078 | Jul 2, 2025 |
| Jun 2, 2025 | $0.3004 | Jun 3, 2025 |
Performance
SPYT had a total return of 9.21% in the past year, including dividends. Since the fund's inception, the average annual return has been 14.64%.
News
SPYT Vs. XPAY: Both Target 20% Yields But XPAY Offers Uncapped S&P 500 Returns
Today we'll compare the Defiance S&P 500 Income Target ETF (SPYT) and Roundhill S&P 500 Target 20 Managed Distribution ETF (XPAY), which both target a 20% annualized yield. SPYT uses a covered call sp...
SPYT: 20% Yields And Limits Of Option "Income"
SPYT promises a 20% annual income using daily S&P 500 call spreads, but this strategy is fundamentally flawed and risky. Daily options trading creates a poor risk-reward, especially in volatile bull m...
SPYT: A Consistent 20% Yield? It Depends
SPYT targets a 20% annual yield using an options overlay on the S&P 500, appealing to income-focused investors seeking predictable monthly payouts. The fund's strategy sacrifices some upside participa...
SPYT, Over 20% Distribution Rate, But Watch Out For This Factor
SPYT, with a target distribution rate above 20%, boosts the income component of this ETF category compared to more well-known ones like XYLD. I don't really like its fluctuation relative to NAV; it's ...
High Yields Will Never Be The Same - Here's Why
High-yield investments like BDCs, MLPs, CEFs, and REITs offer substantial dividend yields, often overlooked by retail investors due to a lack of awareness. Option ETFs generate high income by writing ...
Undercovered ETFs: Growth, Income, TIPS, Poland +
The 'Undercovered' Dozen series highlights 12 lesser-known ETFs offering potential investment opportunities for investors. Kurtis Hemmerling shares a bearish take on iShares Russell Top 200 Growth ETF...
SPYT: Generating Income From S&P 500 Exposure
SPYT is an ETF that mimics the S&P 500's daily price while generating income through ATM options. The fund aims to provide a 20% annual dividend yield. The fund's ATM option strategy caps upside poten...
SPYT: When NAV Erosion Undermines An Essentially Sound Options Strategy
The Defiance S&P 500 Target Income ETF (SPYT) offers monthly income and downside protection but caps upside potential, making it ill-suited to bullish markets. The ETF's strategy involves selling call...
XDTE Vs. SPYT, Which 0DTE ETF To Pick?
SPYT and XDTE ETFs both write 0DTE calls on the S&P 500, but SPYT uses call spreads, while XDTE uses slightly OTM calls. XDTE has outperformed SPYT since March 2024, delivering superior total returns ...
Defiance ETFs Announces Monthly Distributions on $QQQY (105.45%), $JEPY (72.04%), $IWMY (110.96%), $SPYT (20.12%), $USOY (75.17%), and $QQQT (20.06%)
Defiance ETFs Announces Monthly Distributions on $QQQY (105.45%), $JEPY (72.04%), $IWMY (110.96%), $SPYT (20.12%), $USOY (75.17%), and $QQQT (20.06%).
Defiance ETFs Announces Monthly Distributions on $QQQY (52.55%), $JEPY (33.76%), $IWMY (57.99%), $TRES (10.58%), $SPYT (20.00%), $USOY (75.00%), and QQQT (––).
MIAMI, June 28, 2024 (GLOBE NEWSWIRE) -- Defiance ETFs, a leader in thematic and income ETFs, is proud to announce monthly distributions for the QQQY - Defiance Nasdaq-100 Enhanced Options Income ETF,...
Defiance Launches SPYT, the S&P 500 Income Target ETF. Seeks 20% annual yield.
MIAMI, March 07, 2024 (GLOBE NEWSWIRE) -- Defiance ETFs, a leading provider of options income exchange-traded funds, is excited to announce the launch of SPYT. SPYT's pioneering strategy aims to achie...