SPCL vs. SPYT

Last updated Jul 1, 2026

SPCL (Defiance Pure Space Daily 2X Strategy ETF) and SPYT (Defiance S&P 500 Income Target ETF) are both exchange-traded funds - SPCL is a Leveraged Equities fund actively managed by Defiance, while SPYT is a Derivative Income fund actively managed by Defiance. Both are actively managed. A 0.59 correlation means they provide meaningful diversification when combined.

Performance

SPCL vs. SPYT - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Defiance Pure Space Daily 2X Strategy ETF (SPCL) and Defiance S&P 500 Income Target ETF (SPYT). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

SPCL

• 1D: 8.73%
• 1M: 14.57%
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

SPYT

• 1D: 0.75%
• 1M: -1.18%
• YTD: 9.08%
• 6M: 8.16%
• 1Y: 18.68%
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

SPCL vs. SPYT - Yearly Performance Comparison

	2026 (YTD)
SPCL Defiance Pure Space Daily 2X Strategy ETF	48.10%
SPYT Defiance S&P 500 Income Target ETF	5.93%

Correlation

The correlation between SPCL and SPYT is 0.59, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (All Time) Calculated using the full available price history since Apr 17, 2026	0.59

Return for Risk

SPCL vs. SPYT — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

SPCL

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

SPYT

SPYT Risk / Return Rank: 59
SPYT Sharpe Ratio Rank: 56
SPYT Sortino Ratio Rank: 54
SPYT Omega Ratio Rank: 63
SPYT Calmar Ratio Rank: 55
SPYT Martin Ratio Rank: 66

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

SPCL vs. SPYT - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Defiance Pure Space Daily 2X Strategy ETF (SPCL) and Defiance S&P 500 Income Target ETF (SPYT). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

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.

	SPCL	SPYT	Difference
Sharpe ratio: Return per unit of total volatility	—	1.64	—
Sortino ratio: Return per unit of downside risk	—	2.26	—
Omega ratio: Gain probability vs. loss probability	—	1.32	—
Calmar ratio: Return relative to maximum drawdown	—	2.35	—
Martin ratio: Return relative to average drawdown	—	10.22	—

Drawdowns

SPCL vs. SPYT - Drawdown Comparison

The maximum SPCL drawdown since its inception was -46.27%, which is greater than SPYT's maximum drawdown of -18.25%. Use the drawdown chart below to compare losses from any high point for SPCL and SPYT.

Drawdown Indicators

	SPCL	SPYT	Difference
Max Drawdown Largest peak-to-trough decline	-46.27%	-18.25%	-28.02%
Max Drawdown (1Y) Largest decline over 1 year	—	-8.00%	—
Current Drawdown Current decline from peak	-32.85%	-1.24%	-31.61%
Average Drawdown Average peak-to-trough decline	-15.81%	-2.00%	-13.81%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	1.83%	—

Volatility

Volatility by Period

	SPCL	SPYT	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	4.69%	—
Volatility (6M) Calculated over the trailing 6-month period	—	9.28%	—
Volatility (1Y) Calculated over the trailing 1-year period	193.75%	11.46%	+182.29%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	193.75%	14.86%	+178.89%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	193.75%	14.86%	+178.89%

Dividends

SPCL vs. SPYT - Dividend Comparison

SPCL has not paid dividends to shareholders, while SPYT's dividend yield for the trailing twelve months is around 20.85%.

Position	TTM	2025	2024
SPCL Defiance Pure Space Daily 2X Strategy ETF	0.00%	0.00%	0.00%
SPYT Defiance S&P 500 Income Target ETF	20.85%	21.40%	17.37%

Frequently Asked Questions

Can I hold both SPCL and SPYT in my portfolio?

SPCL and SPYT have a correlation of 0.59, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF pays a higher dividend yield, SPCL or SPYT?

SPYT has the higher dividend yield at 20.85%, compared with 0.00% for SPCL.

What is the main difference between SPCL and SPYT?

SPCL is categorized as Leveraged Equities, while SPYT is Derivative Income.