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Defiance S&P 500 Income Target ETF (SPYT) Sharpe Ratio: 2.30

ETF · Currency in USD · Last updated Jun 3, 2026

SPYT is an actively managed ETF that aims to generate current income by holding ETFs tracking the S&P 500 and selling daily credit call spreads on the Index, targeting a 20% annual income paid monthly. Its strategy involves selling at-the-money or near-the-money call spreads with short-term options to enhance yield while retaining some upside growth potential.

SPYT's Sharpe Ratio of 2.30 indicates that for each unit of volatility, it generates 2.30 units of excess return above the risk-free rate. The ratio is calculated using historical daily returns over the past 12 months (as of Jun 3, 2026).

Sharpe uses total volatility (standard deviation) which includes both upside and downside price movements, making it useful for comparing risk-adjusted returns across different assets.

SPYT Sharpe Ratio Rank

SPYT Sharpe Ratio Rank: 68.969
Above Average

SPYT ranks above 68.9% of all investments in our database based on Sharpe Ratio over the past 12 months, indicating above-average returns relative to volatility. Securities are ranked from 0 (worst) to 100 (best).

What moves the rank

  • Strong returns with low total volatility → Higher rank
  • High volatility (both upside and downside) → Lower rank
  • Consistent returns → Higher rank than volatile returns of same magnitude
  • Sharp drawdowns increase volatility → Lower rank

What you can do with this information

  • Above-average risk-adjusted returns with room for improvement
  • Compare against category peers to gauge relative positioning
  • Monitor for movement toward top tier or decline toward median
  • Consider pairing with top-tier holdings to improve portfolio efficiency

SPYT Sharpe Ratio Market Positioning

The chart shows SPYT's Sharpe Ratio relative to all ETFs on our platform, with color zones indicating percentile rankings. Higher ratios indicate better risk-adjusted returns.

  • Red zone (bottom 25%): 0.90 or lower
  • Yellow zone (middle 50%): 0.90 to 2.51
  • Green zone (top 25%): 2.51 or higher
  • Top 1%: 7.87+
  • Median: 1.77 — half of all investments score higher

How it compares to other similar ETFs

The table compares Defiance S&P 500 Income Target ETF's Sharpe Ratio with other ETFs in the Derivative Income, S&P 500 category across multiple time periods, showing how SPYT's risk-adjusted performance compares to similar funds.

Data shows 1-, 5-, and 10-year periods, plus each fund's all-time average, as of Jun 3, 2026.

SymbolName1Y Sharpe Ratio5Y Sharpe Ratio10Y Sharpe RatioAll Time Sharpe Ratio
CHPYYieldMax Semiconductor Portfolio Option Income ETF5.54
PMMYPGIM S&P 500 Max Buffer ETF - May5.48
CPSPCalamos S&P 500 Structured Alt Protection ETF - April5.18
HIBLDirexion Daily S&P 500 High Beta Bull 3X Shares4.74
PMFBPGIM S&P 500 Max Buffer ETF - February3.94
CPSMCalamos S&P 500 Structured Alt Protection ETF - May3.92
PMJAPGIM S&P 500 Max Buffer ETF - January3.90
RSPTInvesco S&P 500 Equal Weight Technology ETF3.76
GOOYYieldMax GOOGL Option Income Strategy ETF3.75
CPSTCalamos S&P 500 Structured Alt Protection ETF - September3.66
SPYTDefiance S&P 500 Income Target ETF2.30

S&P 500 Index

How to choose period

Historical Sharpe Ratio

The chart shows SPYT's rolling Sharpe ratio over time compared to your chosen benchmark. Rising trends indicate improving returns relative to total volatility, while declining trends may signal deteriorating risk-adjusted performance or increased volatility. Use multiple timeframes to distinguish short-term fluctuations from long-term patterns.

Identify market cycles by observing when SPYT consistently outperforms (line above benchmark), underperforms (below benchmark), or aligns with the benchmark.

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Sharpe Ratio Calculator

How does SPYT fit in your portfolio?

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