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. As of August 19, 2026, its distribution rate is 19.67%, its trailing-12-month yield is 20.66%, its expense ratio is 0.92%. Dividend Vision Distribution Safety Score™ is 84/100 (Safe). Fund total return is 30.8% over the past 2.1 years, 8.3 points behind SPY at 39.1%.

At the current 19.67% distribution rate, a $10,000 investment would generate approximately $1,967 per year, or $163.92 per month on an equivalent basis.

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

Data as of August 19, 2026.

Fund total return is 30.8% over the past 2.1 years, 8.3 points behind SPY at 39.1%. Its deepest 1-year drawdown was 8.0%.

SPYT key facts

Data as of August 19, 2026.

Distribution Safety Score™

84 · Safe

Safety-Adjusted Yield

16.52%

Issuer

Defiance ETFs

Asset type

ETF

Asset class

Equity

Inception date

07/16/2024

Expense ratio

0.92%

Distribution rate

19.67%

Distribution frequency

Monthly

Trailing yield

20.66%

30-day SEC yield

0.26%

Last close

$17.46

AUM

$161,302,769

Average volume

94727.0

Last dividend

$0.2862

Ex-dividend date

08/03/2026

Payment date

08/04/2026

Beta

0.8938

P/E ratio

25.5017

How Dividend Vision calculates yield and returns

Distribution rate (19.67%) 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 (20.66%) 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. The 30-day SEC yield (0.26%) is the SEC standardized figure when we have it. An issuer may publish a different SEC or TTM yield using another as-of date or share-class convention. Fund total return uses split-adjusted close with distributions reinvested from the first stored bar on or after inception through the latest bar, compared with the same window on the benchmark. That is what the fund did, not your personal gain/loss. Figures below use Dividend Vision data as of August 19, 2026.

Distribution rate methodology · Distribution Safety Score methodology · SEC yield

Sources and review

Data as of August 19, 2026.

Primary sources: Defiance ETFs fund 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 funds from Defiance ETFs.