SPYT vs. IPDP

Last updated Jun 4, 2026

SPYT (Defiance S&P 500 Income Target ETF) and IPDP (Dividend Performers ETF) are both Derivative Income funds. Both are actively managed. SPYT charges 0.87%/yr vs 1.52%/yr for IPDP.

Performance

SPYT vs. IPDP - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Defiance S&P 500 Income Target ETF (SPYT) and Dividend Performers ETF (IPDP). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

SPYT

• 1D: -0.68%
• 1M: 3.81%
• YTD: 9.70%
• 6M: 9.51%
• 1Y: 23.29%
• 3Y*: —
• 5Y*: —
• 10Y*: —

IPDP

• 1D: 0.00%
• 1M: 0.00%
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

SPYT vs. IPDP - Yearly Performance Comparison

	2026 (YTD)
SPYT Defiance S&P 500 Income Target ETF	8.43%
IPDP Dividend Performers ETF	0.00%

SPYT vs. IPDP - Sectors Allocation Comparison

Sectors	SPYT	IPDP
Technology	36.2%	13.1%
Financial Services	11.9%	18.6%
Communication Services	10.9%	-
Consumer Cyclical	10.1%	3.6%
Healthcare	8.4%	13.6%
Industrials	8.1%	45.1%
Consumer Defensive	4.9%	3.9%
Energy	3.5%	-
Utilities	2.3%	-
Real Estate	1.9%	-
Basic Materials	1.8%	1.5%

Return for Risk

SPYT vs. IPDP — Risk / Return Rank

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

SPYT

SPYT Risk / Return Rank: 65
SPYT Sharpe Ratio Rank: 63
SPYT Sortino Ratio Rank: 63
SPYT Omega Ratio Rank: 70
SPYT Calmar Ratio Rank: 58
SPYT Martin Ratio Rank: 72

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.

SPYT vs. IPDP - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Defiance S&P 500 Income Target ETF (SPYT) and Dividend Performers ETF (IPDP). 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.

	SPYT	IPDP	Difference
Sharpe ratio: Return per unit of total volatility	2.16	—	—
Sortino ratio: Return per unit of downside risk	2.98	—	—
Omega ratio: Gain probability vs. loss probability	1.43	—	—
Calmar ratio: Return relative to maximum drawdown	2.93	—	—
Martin ratio: Return relative to average drawdown	13.59	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	SPYT	IPDP	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.16	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.08	—	—

Drawdowns

SPYT vs. IPDP - Drawdown Comparison

The maximum SPYT drawdown since its inception was -18.25%, which is greater than IPDP's maximum drawdown of 0.00%. Use the drawdown chart below to compare losses from any high point for SPYT and IPDP.

Drawdown Indicators

	SPYT	IPDP	Difference
Max Drawdown Largest peak-to-trough decline	-18.25%	0.00%	-18.25%
Max Drawdown (1Y) Largest decline over 1 year	-8.00%	—	—
Current Drawdown Current decline from peak	-0.68%	0.00%	-0.68%
Average Drawdown Average peak-to-trough decline	-2.00%	0.00%	-2.00%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.72%	—	—

Volatility

Volatility by Period

	SPYT	IPDP	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.54%	—	—
Volatility (6M) Calculated over the trailing 6-month period	8.32%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	10.86%	0.00%	+10.86%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.80%	0.00%	+14.80%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	14.80%	0.00%	+14.80%

SPYT vs. IPDP - Expense Ratio Comparison

SPYT has a 0.87% expense ratio, which is lower than IPDP's 1.52% expense ratio.

Dividends

SPYT vs. IPDP - Dividend Comparison

SPYT's dividend yield for the trailing twelve months is around 20.73%, while IPDP has not paid dividends to shareholders.

Position	TTM	2025	2024
IPDP Dividend Performers ETF	0.00%	0.00%	0.00%
SPYT Defiance S&P 500 Income Target ETF	20.73%	21.40%	17.37%

Frequently Asked Questions

Which ETF is better, SPYT or IPDP?

On fees, SPYT is cheaper at 0.87% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, SPYT or IPDP?

SPYT is cheaper with a 0.87% expense ratio, compared with 1.52% for IPDP.

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

SPYT has the higher dividend yield at 20.73%, compared with 0.00% for IPDP.

What is the main difference between SPYT and IPDP?

They also come from different issuers: Defiance and Innovative Portfolios. Their fees differ too: 0.87% for SPYT and 1.52% for IPDP.