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SPYT ETF — Defiance S&P 500 Income Target ETF
Defiance S&P 500 Income Target ETF (SPYT)
Updated October 16, 2026.
Verdict as of October 17, 2026
SPYT's distribution is rated generally safe by the Dividend Vision Distribution Safety Score™ (70/100, high confidence). It pays monthly and its distribution rate is 20.36%, and 13.3% of its recent distributions is estimated return of capital as of October 17, 2026. The latest total cash payment per current share, $0.2866 with an ex-date of October 1, 2026, was 1.6% lower than the previous $0.2913. These payments are unclassified; this does not establish a base-dividend change.
Sources: Defiance ETFs page for SPYT, Section 19a-1 notices, scoring methodology.
SPYT is an ETF that tracks the S&P. its distribution rate is 20.36%, its trailing-12-month yield is 20.97%, its expense ratio is 0.92%. Dividend Vision Distribution Safety Score™ is 70/100 (Generally safe). Total return is 42.7% over the past 2.6 years, 10.4 points behind SPY at 53.1%.
SPYT dividend yield and income
Price as of 2026-10-16.
The distribution rate (20.36%) uses calculation basis unavailable. Trailing-12-month yield (20.97%) is the last year of cash distributions by ex-date divided by the current price. The dividend amount is $0.2866. The ex-dividend date is 10/01/2026. The payment date is 10/02/2026.
| Ex-date | Amount | Change from previous payment |
|---|---|---|
| 2026-10-01 | $0.2866 | -1.6% Unclassified cash |
| 2026-09-01 | $0.2913 | 1.8% Unclassified cash |
| 2026-08-03 | $0.2862 | -1.4% Unclassified cash |
| 2026-07-01 | $0.2904 | -3.2% Unclassified cash |
| 2026-06-01 | $0.3001 | 3.6% Unclassified cash |
| 2026-05-01 | $0.2898 | 9.9% Unclassified cash |
| 2026-04-01 | $0.2638 | -9.3% Unclassified cash |
| 2026-03-02 | $0.2908 | -1.6% Unclassified cash |
| 2026-02-02 | $0.2955 | -5.2% Unclassified cash |
| 2025-12-31 | $0.3116 | -0.7% Unclassified cash |
| 2025-12-01 | $0.3139 | -2.2% Unclassified cash |
| 2025-11-03 | $0.321 | -0.3% Unclassified cash |
| 2025-10-01 | $0.322 | 0.1% Unclassified cash |
| 2025-09-02 | $0.3218 | 0.5% Unclassified cash |
| 2025-08-01 | $0.3202 | 4.0% Unclassified cash |
| 2025-07-01 | $0.3078 | 2.5% Unclassified cash |
| 2025-06-02 | $0.3004 | 6.0% Unclassified cash |
| 2025-05-01 | $0.2835 | -4.8% Unclassified cash |
| 2025-04-01 | $0.2979 | -5.6% Unclassified cash |
| 2025-03-03 | $0.3156 | -3.5% Unclassified cash |
| 2025-02-03 | $0.3272 | -0.4% Unclassified cash |
| 2024-12-31 | $0.3284 | -2.1% Unclassified cash |
| 2024-12-02 | $0.3356 | 1.0% Unclassified cash |
| 2024-11-01 | $0.3324 | -0.4% Unclassified cash |
| 2024-10-01 | $0.3338 | 0.2% Unclassified cash |
| 2024-09-03 | $0.3333 | 0.9% Unclassified cash |
| 2024-07-31 | $0.3302 | -2.0% Unclassified cash |
| 2024-07-01 | $0.3369 | 2.0% Unclassified cash |
| 2024-06-03 | $0.3302 | 2.0% Unclassified cash |
| 2024-05-01 | $0.3238 | -4.8% Unclassified cash |
| 2024-04-01 | $0.34 | — |
| 2024 total (partial launch year) | $3.3246 | — |
| 2025 total | $3.7429 | — |
| 2026 YTD total | $2.5945 | -7.2% vs prior-year YTD |
SPYT dividend growth
Trailing-12-month distributions versus the preceding 12 months changed -6.6%. The 1Y row below uses this same adjacent TTM cash-window comparison. The deepest trailing-12-month payout decline in the past five years is -5.12%.
| Window | Change |
|---|---|
| 1Y | -6.6% |
SPYT holdings and sector exposure
Holdings are not available for this snapshot.
SPYT performance versus SPY
Price and return data through 2026-10-16.
Total return is 42.7% over the past 2.6 years, 10.4 points behind SPY at 53.1%. Over the past year its total return — price change plus distributions reinvested — is 15.1%. Its deepest 1-year drawdown was 8.0%.
| Window | Total return | CAGR |
|---|---|---|
| 1M | 1.6% | — |
| 3M | 2.3% | — |
| 6M | 9.0% | — |
| YTD | 12.3% | — |
| 1Y | 15.1% | — |
| 2Y CAGR | — | 12.70% |
| Since inception (2.6 years) | 42.7% | 14.60% |
SPYT key facts
- Distribution Safety Score™
- 70 · Generally safe
- Safety-Adjusted Yield
- 14.25%
- Issuer
- Defiance ETFs
- Asset type
- ETF
- Asset class
- Equity
- Inception date
- 03/07/2024
- Expense ratio
- 0.92%
- Distribution rate
- 20.36%
- Distribution frequency
- Monthly
- Trailing yield
- 20.97%
- Last close
- $16.89 (as of 2026-10-16)
- AUM
- $170,212,980
- Average volume
- 117861.0
- Dividend
- $0.2866
- Latest 19(a) ROC estimate
- 13.25%
- Ex-dividend date
- 10/01/2026
- Payment date
- 10/02/2026
- Beta
- 0.8938
How Dividend Vision calculates yield and returns
Distribution rate (20.36%) uses calculation basis unavailable. Issuer rates can use a different denominator and date, including ex-date NAV. Trailing-12-month yield (20.97%) is the sum of split-adjusted cash distributions with ex-dates in the last 12 months, divided by the published price. 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.
Yield and safety methodology · 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
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.
More on SPYT
Compare SPYT
SPYT vs similar funds:
Frequently asked questions
Does SPYT pay monthly?
Yes. SPYT currently pays monthly.
What index does SPYT track?
SPYT tracks the S&P.
What is SPYT's expense ratio?
SPYT's expense ratio is 0.92%.
What is SPYT's dividend yield?
SPYT's distribution rate is 20.36%, paid monthly, with a 0.92% expense ratio — calculation basis unavailable.
How has SPYT's dividend grown?
Trailing-12-month distributions versus the preceding 12 months changed -6.6%. That is the same adjacent TTM cash-window comparison used in the dividend-history table.
When does SPYT pay a dividend?
SPYT pays monthly. The dividend amount is $0.2866. The ex-dividend date is 10/01/2026. The payment date is 10/02/2026.
How has SPYT performed?
Total return is 42.7% over the past 2.6 years, 10.4 points behind SPY at 53.1%. Over the past year its total return — price change plus distributions reinvested — is 15.1%. Its deepest 1-year drawdown was 8.0%.
Is SPYT a good investment?
SPYT's Dividend Vision Distribution Safety Score is 70 (Generally safe). That is a risk signal, not investment advice. Its distribution rate is 20.36% (calculation basis unavailable). Compare peers below rather than treating any single figure as a buy or sell.
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