- CUSIP
- 88636J568
- Issuer
- Defiance
- Inception Date
- Mar 7, 2024
- Category
- Derivative Income, S&P 500
- Leveraged
- 1x (No leverage)
- Index Tracked
- No Index (Active)
- Domicile
- United States
- Distribution Policy
- Distributing
- Asset Class
- Equity
- Asset Class Size
- Large-Cap
- Asset Class Style
- Blend
- Assets Under Management
- $146M
Share Price Chart
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Performance
SPYT Performance Chart
Defiance S&P 500 Income Target ETF (SPYT) is up 8.6% since the beginning of the year. SPYT is currently trading at $17 per share.
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Returns By Period
Defiance S&P 500 Income Target ETF (SPYT) has returned 8.64% so far this year and 22.32% over the past 12 months.
Defiance S&P 500 Income Target ETF
- 1D
- -0.23%
- 1M
- -0.31%
- YTD
- 8.64%
- 6M
- 8.33%
- 1Y
- 22.32%
- 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%
SPYT Monthly Returns History
Based on dividend-adjusted daily data since Mar 7, 2024, SPYT's average daily return is +0.06%, while the average monthly return is +1.22%. At this rate, an investment would double in approximately 4.8 years.
Historically, 61% of months were positive and 39% were negative. The best month was Apr 2026 with a return of +9.6%, while the worst month was Mar 2025 at -6.0%. The longest winning streak lasted 6 consecutive months, and the longest losing streak was 3 months.
On a daily basis, SPYT closed higher 56% of trading days. The best single day was Apr 9, 2025 with a return of +9.2%, while the worst single day was Apr 4, 2025 at -6.3%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 1.32% | -0.54% | -4.34% | 9.56% | 4.51% | -1.58% | 8.64% | ||||||
| 2025 | 1.83% | -0.80% | -6.01% | -0.59% | 4.70% | 4.55% | 2.28% | 1.95% | 2.74% | 1.94% | -0.16% | -0.21% | 12.41% |
| 2024 | 2.00% | -3.38% | 4.58% | 2.96% | 0.71% | 2.14% | 1.89% | -0.69% | 5.09% | -2.39% | 13.30% |
Benchmark Metrics
Defiance S&P 500 Income Target ETF has an annualized alpha of -1.11%, beta of 0.92, and R2 of 0.96 versus S&P 500 Index. Calculated based on daily prices since March 07, 2024.
- This ETF participated in 90.44% of S&P 500 Index downside but only 84.22% of its upside - more exposed to losses than it benefited from rallies.
- With beta of 0.92 and R2 of 0.96, this ETF moves broadly in line with S&P 500 Index - much of its variation is explained by market exposure rather than independent behavior.
- Alpha
- -1.11%
- Beta
- 0.92
- R²
- 0.96
- Upside Capture
- 84.22%
- Downside Capture
- 90.44%
Expense Ratio
SPYT has an expense ratio of 0.87%, placing it in the medium range.
Return for Risk
Risk / Return Rank
SPYT ranks 63 for risk / return — better than 63% of ETFs on our site. You're getting solid returns for the risk taken. A good sign, especially for investors who want growth without excessive volatility.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for Defiance S&P 500 Income Target ETF (SPYT) 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.
| SPYT | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.07 | ||
| Sortino ratioReturn per unit of downside risk | -0.08 | ||
| Omega ratioGain probability vs. loss probability | 1.39 | 1.37 | +0.02 |
| Calmar ratioReturn relative to maximum drawdown | 2.80 | 2.78 | +0.02 |
| Martin ratioReturn relative to average drawdown | 12.52 | 12.44 | +0.08 |
Dividends
Dividend History
Defiance S&P 500 Income Target ETF provided a 20.93% dividend yield over the last twelve months, with an annual payout of $3.66 per share.
| Period | TTM | 2025 | 2024 |
|---|---|---|---|
| Dividend | $3.66 | $3.74 | $3.32 |
Dividend yield | 20.93% | 21.40% | 17.37% |
Monthly Dividends
The table displays the monthly dividend distributions for Defiance S&P 500 Income Target 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 | $0.00 | $0.30 | $0.29 | $0.26 | $0.29 | $0.30 | $1.44 | ||||||
| 2025 | $0.00 | $0.33 | $0.32 | $0.30 | $0.28 | $0.30 | $0.31 | $0.32 | $0.32 | $0.32 | $0.32 | $0.63 | $3.74 |
| 2024 | $0.34 | $0.32 | $0.33 | $0.67 | $0.00 | $0.33 | $0.33 | $0.33 | $0.66 | $3.32 |
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 S&P 500 Income Target 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 S&P 500 Income Target ETF was 18.25%, occurring on Apr 8, 2025. Recovery took 58 trading sessions.
The current Defiance S&P 500 Income Target ETF drawdown is 1.63%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
2025 selloff2025 | -18.25%Apr 2025 | 1mo 17d | 2mo 25d | 4mo 12dFeb 2025 - Jul 2025 |
2024 pullback2024 | -8.15%Aug 2024 | 19d | 1mo 15d | 2mo 4dJul 2024 - Sep 2024 |
2026 pullback2026 | -8.00%Mar 2026 | 1mo 25d | 15d | 2mo 10dFeb 2026 - Apr 2026 |
2025 pullback2025 | -4.84%Nov 2025 | 21d | 1mo 17d | 2mo 8dOct 2025 - Jan 2026 |
2024 pullback2024 | -4.78%Apr 2024 | 22d | 25d | 1mo 17dMar 2024 - May 2024 |
Drawdown Indicators
| SPYT | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -18.25% | -56.78% | +38.53% |
Max Drawdown (1Y)Largest decline over 1 year | -8.00% | -9.10% | +1.10% |
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 | -1.63% | -1.80% | +0.17% |
Average DrawdownAverage peak-to-trough decline | -2.00% | -10.71% | +8.71% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.79% | 2.03% | -0.24% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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