SPYT ETF — Defiance S&P 500 Income Target ETF

Defiance S&P 500 Income Target ETF (SPYT)

SPYT is an ETF that tracks the S&P. its distribution rate is 20.67%, its trailing-12-month yield is 21.15%, its expense ratio is 0.92%. Dividend Vision Distribution Safety Score™ is 84/100 (Safe). Total return is 29.4% over the past 2.2 years, 7.9 points behind SPY at 37.3%.

At the current 20.67% distribution rate, a $10,000 investment would generate approximately $2,067 per year, or $172.25 per month.

Defiance S&P 500 Income Target ETF is an ETF that seeks current income by holding S&P 500 index ETFs while simultaneously selling daily credit call spreads on the index, targeting an annual income level of 20%. The fund distributes monthly and carries an expense ratio of 0.92%, with a current distribution rate in the high range. This strategy appeals to income-focused investors seeking enhanced yield from equity market exposure, though the daily options strategy introduces complexities and risks distinct from passive index investing.

SPYT performance versus SPY

Price and return data through 2026-09-15.

Total return is 29.4% over the past 2.2 years, 7.9 points behind SPY at 37.3%. Over the past year its total return — price change plus distributions reinvested — is 13.8%. Its deepest 1-year drawdown was 8.0%.

SPYT key facts

Distribution Safety Score™

84 · Safe

Safety-Adjusted Yield

17.36%

Issuer

Defiance ETFs

Asset type

ETF

Asset class

Equity

Inception date

07/16/2024

Expense ratio

0.92%

Distribution rate

20.67%

Distribution frequency

Monthly

Trailing yield

21.15%

Last close

$16.91 (as of 2026-09-16)

NAV

$17.04

Premium / discount

0.76% discount

AUM

$162,921,869

Average volume

129453.0

Last dividend

$0.2913

Last ex-dividend date

09/01/2026

Last payment date

09/02/2026

Beta

0.8938

P/E ratio

24.1156

How Dividend Vision calculates yield and returns

Distribution rate (20.67%) is the latest regular payout annualized by the fund's stated frequency, divided by the last close. Issuers often publish this as “Distribution Rate” on the fact sheet. Trailing-12-month yield (21.15%) is the sum of distributions paid in the last 12 months, split-adjusted, divided by the last close. It lags a recent raise or cut. Total return uses split-adjusted close with distributions reinvested on the ex-dividend date (a modeling convention, not the cash-settlement date) from the first stored bar on or after inception through the latest bar, compared with the same window on the benchmark. That is the security's total return, not your personal gain/loss.

Distribution rate methodology · Distribution Safety Score methodology

Sources and review

Primary sources: Defiance ETFs or company page; Index: S&P; prices and distributions from Dividend Vision, derived from vendor EOD data.

Reviewed by Bert Sweet, CEO and Co-owner of Dividend Vision. Methodology: Distribution Safety Score.

SPYT risks and drawbacks

Total return has trailed SPY over the available window. The deepest 1-year drawdown on record here is 8.0%.

Who may consider SPYT — and who may not

SPYT may suit someone looking for a high Distribution Safety Score. It is a weaker fit for investors whose main goal is matching SPY total return. This is educational context, not a recommendation to buy or sell.

Compare SPYT

SPYT vs similar funds:

• SPYT vs SPYI
• SPYT vs ODTE

Frequently asked questions

More securities from Defiance ETFs.