- CUSIP
- 88636J139
- Issuer
- Defiance
- Inception Date
- Oct 30, 2023
- Category
- Options Trading
- Index Tracked
- Russell 2000 Index
- Distribution Policy
- Distributing
- Asset Class
- Alternatives
- Assets Under Management
- $98M
Share Price Chart
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Performance
IWMY Performance Chart
Defiance R2000 Enhanced Options & 0DTE Income ETF (IWMY) is up 15.9% since the beginning of the year. IWMY is currently trading at $20 per share.
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Returns By Period
Defiance R2000 Enhanced Options & 0DTE Income ETF (IWMY) has returned 15.87% so far this year and 23.77% over the past 12 months.
Defiance R2000 Enhanced Options & 0DTE Income ETF
- 1D
- 0.81%
- 1M
- 4.19%
- YTD
- 15.87%
- 6M
- 13.10%
- 1Y
- 23.77%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
Benchmark (S&P 500 Index)
- 1D
- -0.37%
- 1M
- -0.01%
- YTD
- 9.16%
- 6M
- 8.64%
- 1Y
- 25.22%
- 3Y*
- 19.78%
- 5Y*
- 11.99%
- 10Y*
- 13.88%
IWMY Monthly Returns History
Based on dividend-adjusted daily data since Oct 31, 2023, IWMY's average daily return is +0.06%, while the average monthly return is +1.27%. At this rate, an investment would double in approximately 4.6 years.
Historically, 64% of months were positive and 36% were negative. The best month was Apr 2026 with a return of +10.8%, while the worst month was Mar 2026 at -5.3%. The longest winning streak lasted 5 consecutive months, and the longest losing streak was 3 months.
On a daily basis, IWMY closed higher 61% of trading days. The best single day was Feb 6, 2026 with a return of +3.5%, while the worst single day was Apr 3, 2025 at -6.3%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 3.90% | 0.00% | -5.25% | 10.81% | 3.64% | 2.49% | 15.87% | ||||||
| 2025 | 4.31% | -2.57% | -4.29% | -2.35% | 4.57% | 5.47% | 0.90% | 3.75% | 4.36% | -0.61% | -1.74% | -1.41% | 10.18% |
| 2024 | -2.27% | 0.88% | 4.08% | -3.81% | 4.41% | 0.41% | 4.81% | -1.42% | 1.34% | -2.29% | 4.41% | -4.50% | 5.56% |
| 2023 | 0.30% | 3.93% | 5.58% | 10.06% |
Benchmark Metrics
Defiance R2000 Enhanced Options & 0DTE Income ETF has an annualized alpha of -2.42%, beta of 0.80, and R2 of 0.60 versus S&P 500 Index. Calculated based on daily prices since October 31, 2023.
- This ETF participated in 103.84% of S&P 500 Index downside but only 74.31% of its upside - more exposed to losses than it benefited from rallies.
- This ETF had an annualized alpha of -2.42% versus S&P 500 Index - delivering less than market exposure alone would predict.
- Alpha
- -2.42%
- Beta
- 0.80
- R²
- 0.60
- Upside Capture
- 74.31%
- Downside Capture
- 103.84%
Expense Ratio
IWMY has a high expense ratio of 0.99%, indicating above-average management fees.
Return for Risk
Risk / Return Rank
IWMY ranks 41 for risk / return — on par with similar ETFs. You're getting a typical balance of risk and reward. Not a standout, but not a red flag either — a reasonable choice if other factors align with your goals.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for Defiance R2000 Enhanced Options & 0DTE Income ETF (IWMY) and compare them to S&P 500 Index.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| IWMY | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.57 | ||
| Sortino ratioReturn per unit of downside risk | -0.77 | ||
| Omega ratioGain probability vs. loss probability | 1.25 | 1.37 | -0.11 |
| Calmar ratioReturn relative to maximum drawdown | 2.06 | 2.78 | -0.72 |
| Martin ratioReturn relative to average drawdown | 6.74 | 12.44 | -5.70 |
Dividends
Dividend History
Defiance R2000 Enhanced Options & 0DTE Income ETF provided a 43.40% dividend yield over the last twelve months, with an annual payout of $8.62 per share.
| Period | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
| Dividend | $8.62 | $12.48 | $32.23 | $6.75 |
Dividend yield | 43.40% | 63.33% | 107.92% | 11.34% |
Monthly Dividends
The table displays the monthly dividend distributions for Defiance R2000 Enhanced Options & 0DTE Income ETF. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.47 | $0.47 | $0.43 | $0.54 | $0.45 | $0.34 | $2.71 | ||||||
| 2025 | $1.00 | $1.13 | $1.25 | $1.26 | $1.20 | $0.96 | $1.20 | $0.92 | $1.06 | $1.10 | $0.78 | $0.63 | $12.48 |
| 2024 | $0.00 | $3.87 | $3.30 | $3.21 | $4.23 | $2.73 | $4.74 | $0.00 | $3.67 | $3.63 | $1.44 | $1.41 | $32.23 |
| 2023 | $6.75 | $6.75 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
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Worst Drawdowns
The table below displays the maximum drawdowns of the Defiance R2000 Enhanced Options & 0DTE Income ETF. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the Defiance R2000 Enhanced Options & 0DTE Income ETF was 18.72%, occurring on Apr 10, 2025. Recovery took 56 trading sessions.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
2025 selloff2025 | -18.72%Apr 2025 | 1mo 20d | 2mo 23d | 4mo 13dFeb 2025 - Jul 2025 |
2026 correction2026 | -11.57%Mar 2026 | 2mo 6d | 18d | 2mo 24dJan 2026 - Apr 2026 |
2025 pullback2025 | -7.79%Nov 2025 | 1mo 14d | 1mo 26d | 3mo 10dOct 2025 - Jan 2026 |
2024 pullback2024 | -7.07%Aug 2024 | 4d | 1mo 15d | 1mo 19dAug 2024 - Sep 2024 |
2024 pullback2024 | -6.52%Dec 2024 | 1mo 7d | 2mo 1d | 3mo 8dNov 2024 - Feb 2025 |
Drawdown Indicators
| IWMY | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -18.72% | -56.78% | +38.06% |
Max Drawdown (1Y)Largest decline over 1 year | -11.57% | -9.10% | -2.47% |
Max Drawdown (3Y)Largest decline over 3 years | — | -18.90% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -25.43% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.92% | — |
Current DrawdownCurrent decline from peak | 0.00% | -1.80% | +1.80% |
Average DrawdownAverage peak-to-trough decline | -2.95% | -10.71% | +7.76% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.54% | 2.03% | +1.51% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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