- CUSIP
- 88636J147
- Issuer
- Defiance
- Inception Date
- Sep 18, 2023
- 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
- $67M
Share Price Chart
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Performance
WDTE Performance Chart
Defiance S&P 500 Enhanced Options & 0DTE Income ETF (WDTE) is up 7.9% since the beginning of the year. WDTE is currently trading at $30 per share.
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Returns By Period
Defiance S&P 500 Enhanced Options & 0DTE Income ETF (WDTE) has returned 7.94% so far this year and 19.82% over the past 12 months.
Defiance S&P 500 Enhanced Options & 0DTE Income ETF
- 1D
- 1.80%
- 1M
- -0.81%
- YTD
- 7.94%
- 6M
- 7.10%
- 1Y
- 19.82%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
Benchmark (S&P 500 Index)
- 1D
- 1.75%
- 1M
- -0.09%
- YTD
- 8.02%
- 6M
- 7.15%
- 1Y
- 22.78%
- 3Y*
- 19.45%
- 5Y*
- 11.73%
- 10Y*
- 13.53%
WDTE Monthly Returns History
Based on dividend-adjusted daily data since Sep 19, 2023, WDTE's average daily return is +0.05%, while the average monthly return is +1.09%. At this rate, an investment would double in approximately 5.3 years.
Historically, 62% of months were positive and 38% were negative. The best month was Apr 2026 with a return of +10.2%, while the worst month was Mar 2026 at -4.5%. The longest winning streak lasted 6 consecutive months, and the longest losing streak was 3 months.
On a daily basis, WDTE closed higher 66% of trading days. The best single day was Apr 9, 2025 with a return of +2.9%, while the worst single day was Apr 4, 2025 at -5.3%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 1.27% | -0.38% | -4.49% | 10.24% | 4.44% | -2.71% | 7.94% | ||||||
| 2025 | 2.61% | -0.93% | -3.98% | -2.64% | 5.46% | 4.40% | 3.30% | 0.18% | 3.10% | 1.30% | -0.15% | 0.61% | 13.60% |
| 2024 | 0.61% | 2.22% | 1.50% | -2.64% | 3.29% | 3.43% | -0.48% | 0.85% | 1.74% | -1.12% | 3.61% | -3.29% | 9.85% |
| 2023 | -1.74% | -1.06% | 5.21% | 3.35% | 5.71% |
Benchmark Metrics
Defiance S&P 500 Enhanced Options & 0DTE Income ETF has an annualized alpha of 0.52%, beta of 0.66, and R2 of 0.79 versus S&P 500 Index. Calculated based on daily prices since September 19, 2023.
- This ETF participated in 83.31% of S&P 500 Index downside but only 69.56% of its upside - more exposed to losses than it benefited from rallies.
- Beta of 0.66 indicates this ETF moves significantly less than S&P 500 Index - a genuinely defensive profile with reduced participation in both market rallies and downturns.
- Alpha
- 0.52%
- Beta
- 0.66
- R²
- 0.79
- Upside Capture
- 69.56%
- Downside Capture
- 83.31%
Expense Ratio
WDTE has a high expense ratio of 1.01%, indicating above-average management fees.
Return for Risk
Risk / Return Rank
WDTE ranks 66 for risk / return — better than 66% 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 Enhanced Options & 0DTE Income ETF (WDTE) 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.
| WDTE | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | 0.00 | ||
| Sortino ratioReturn per unit of downside risk | -0.10 | ||
| Omega ratioGain probability vs. loss probability | 1.36 | 1.34 | +0.02 |
| Calmar ratioReturn relative to maximum drawdown | 2.60 | 2.52 | +0.09 |
| Martin ratioReturn relative to average drawdown | 12.25 | 11.31 | +0.94 |
Dividends
Dividend History
Defiance S&P 500 Enhanced Options & 0DTE Income ETF provided a 33.53% dividend yield over the last twelve months, with an annual payout of $10.03 per share.
| Period | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
| Dividend | $10.03 | $11.32 | $20.07 | $8.88 |
Dividend yield | 33.53% | 35.78% | 51.80% | 16.41% |
Monthly Dividends
The table displays the monthly dividend distributions for Defiance S&P 500 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 | $0.73 | $0.71 | $0.68 | $0.85 | $0.71 | $0.35 | $4.05 | ||||||
| 2025 | $0.70 | $0.93 | $1.20 | $1.30 | $1.00 | $0.81 | $0.99 | $0.81 | $0.74 | $1.04 | $0.86 | $0.93 | $11.32 |
| 2024 | $0.00 | $1.74 | $1.80 | $1.65 | $2.28 | $1.66 | $3.06 | $0.00 | $2.76 | $2.90 | $1.16 | $1.07 | $20.07 |
| 2023 | $2.70 | $2.73 | $3.45 | $8.88 |
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 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 S&P 500 Enhanced Options & 0DTE Income ETF was 15.85%, occurring on Apr 10, 2025. Recovery took 57 trading sessions.
The current Defiance S&P 500 Enhanced Options & 0DTE Income ETF drawdown is 2.91%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
2025 selloff2025 | -15.85%Apr 2025 | 1mo 19d | 2mo 24d | 4mo 13dFeb 2025 - Jul 2025 |
2026 pullback2026 | -7.65%Mar 2026 | 1mo 16d | 15d | 2mo 1dFeb 2026 - Apr 2026 |
2024 pullback2024 | -6.67%Aug 2024 | 19d | 2mo 7d | 2mo 26dJul 2024 - Oct 2024 |
2025 pullback2025 | -5.07%Jan 2025 | 1mo 2d | 1mo 9d | 2mo 11dDec 2024 - Feb 2025 |
2026 pullback2026 | -4.63%Jun 2026 | 7d | — | 9d 18hJun 2026 - now |
Drawdown Indicators
| WDTE | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -15.85% | -56.78% | +40.93% |
Max Drawdown (1Y)Largest decline over 1 year | -7.65% | -9.10% | +1.45% |
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 | -2.91% | -2.83% | -0.08% |
Average DrawdownAverage peak-to-trough decline | -1.83% | -10.72% | +8.89% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.62% | 2.02% | -0.40% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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