A head-to-head comparison of VegaShares SPX NDX RTY Premium Income ETF and Defiance S&P 500 Income Target ETF covering yield, cost, risk, and income potential.
ETFs and AUM reflect what Dividend Vision tracks — the issuer's full lineup may be larger.
VegaShares operates a focused suite of two income-focused ETFs designed to generate regular distributions through options strategies and dividend investing. The firm's lineup includes ODTE and VAIE, both emphasizing yield generation for investors seeking regular cash flow. With a specialized niche in options-based and dividend income strategies, VegaShares targets investors prioritizing distributions over capital appreciation.
See our curated list of related YouTube videos on ODTE.
ETFs and AUM reflect what Dividend Vision tracks — the issuer's full lineup may be larger.
Defiance ETFs is known for offering specialized and thematic investment strategies that cater to niche market segments and alternative income approaches. The issuer's lineup spans income-focused funds, leveraged strategies, combinations of leverage with income generation, and thematic products tied to emerging trends and sectors. Defiance emphasizes non-traditional and differentiated strategies rather than broad-based index exposure, appealing to investors seeking targeted exposure beyond conventional ETF offerings.
See our curated list of related YouTube videos on SPYT.
Seeks current income with secondary exposure to the S&P 500 Index through a strategy of holding index ETFs while selling daily credit call spreads to generate a target annual income level of 20%.
Asset class
Equity
Equity
Inception date
04/03/2026
07/16/2024
Beta
—
0.8938
Last dividend
$0.0740
$0.2862
Ex-dividend date
07/30/2026
08/03/2026
Bottom lineChoose ODTE if you are comfortable trading away most upside for a large, steady payout. Choose SPYT if you want to maximize current income — roughly 19.85%, generated by selling options premium.
Most used
Income calculator
See how much monthly income a hypothetical investment would generate in each ETF at current yields.
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Projections assume the current yield and share price remain constant. Actual results will vary.
Total returns
ODTE has lagged SPYT over the year to date, posting a 7.07% total return against 9.08%. Figures are total returns: price change plus every distribution reinvested.
Total return with all distributions reinvested on the ex-dividend date, split-adjusted, as of July 31, 2026. YTD and 1Y are cumulative; longer windows are annualized. “Since Apr 2026” measures every fund from April 6, 2026 — the youngest fund's first trading day — so all funds share one comparison window. Volatility is the annualized standard deviation of daily total returns over the shared window since Apr 2026. Sharpe and Sortino divide the annualized return in excess of the risk-free rate by, respectively, that volatility and the downside deviation (both over the shared window since Apr 2026) — higher is better. Max drawdown is the largest peak-to-trough total-return decline over the same window — shallower is better.
Quick verdict
ODTE (VegaShares SPX NDX RTY Premium Income ETF) and SPYT (Defiance S&P 500 Income Target ETF) are both dividend ETFs, but they take different approaches.
SPYT offers the higher yield at 19.85% vs 14.92% for ODTE. A higher yield means more current income per dollar invested, though it may come with different risk characteristics.
ODTE is cheaper with an expense ratio of 0.76% compared to 0.94%.
They track different benchmarks: ODTE is linked to S&P 500, Nasdaq-100, Russell 2000 while SPYT tracks S&P, which means their performance drivers differ.
SPYT has $154M in assets vs $3.08M for ODTE, but ODTE only launched April 2026 — AUM comparisons will become more meaningful as it builds a track record.
Who should choose each?
Choose ODTE
VegaShares SPX NDX RTY Premium Income ETF
Are comfortable with an options-income strategy — a large payout in exchange for capped upside.
Want to keep costs low — a 0.76% expense ratio vs 0.94% for SPYT.
Choose SPYT
Defiance S&P 500 Income Target ETF
Want to maximize current income — SPYT distributes roughly 19.85% from selling options premium, vs 14.92% for ODTE.
Are comfortable with an options-income strategy — a large payout in exchange for capped upside.
Prefer an established track record — ODTE only launched April 2026.
Not sure? Use the income calculator and snapshot above to weigh these trade-offs against your own goals.
Still deciding? Track ODTE & SPYT for free
Create a free Dividend Vision account to keep them on a watchlist, get notified when they declare dividends, and see how much income they would add to your portfolio.
On a $10,000 investment, ODTE would generate roughly $124.33/month, while SPYT would produce $165.42/month, at current distribution rates.
ODTE yield14.92%
SPYT yield19.85%
Monthly diff on $10K$41.08
Cost & efficiency
Over 10 years on $10,000, ODTE would cost approximately $760 in fees vs $940 for SPYT (simplified, not compounded). The $180.00 difference may be offset by yield or performance.
ODTE ER0.76%
SPYT ER0.94%
Strategy & risk
ODTE tracks S&P 500, Nasdaq-100, Russell 2000 with a covered call approach, while SPYT tracks S&P.
ODTE beta—
SPYT beta0.8938
Fund details
ODTE is managed by VegaShares (launched 04/03/2026) with $3.08M in assets. SPYT is managed by Defiance ETFs (launched 07/16/2024) with $154M in assets.
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Frequently asked questions
Is ODTE or SPYT better for dividend income?
It depends on your goals. SPYT currently offers the higher distribution yield, which means more income per dollar invested. However, a lower-yield fund may offer better total return or lower volatility. Consider your time horizon and risk tolerance.
What is the difference between ODTE and SPYT?
ODTE (VegaShares SPX NDX RTY Premium Income ETF) tracks S&P 500, Nasdaq-100, Russell 2000 with a covered call approach, while SPYT (Defiance S&P 500 Income Target ETF) tracks S&P. They are issued by VegaShares and Defiance ETFs respectively.
Can I hold both ODTE and SPYT?
Yes — nothing prevents holding both. Whether the combination actually diversifies depends on how much the underlying exposures overlap, which isn't fully measurable from the data on this page; review each security's holdings, sector, and strategy before treating them as complementary.
Which has lower fees, ODTE or SPYT?
ODTE has an expense ratio of 0.76% while SPYT charges 0.94%. Lower fees mean more of your investment returns stay in your pocket over time.
How much income does $10,000 in ODTE vs SPYT generate?
At current rates, $10,000 in ODTE would generate roughly $124.33 per month ($1,492.00 annually). The same in SPYT would produce about $165.42 per month ($1,985.00 annually).
Which has performed better historically, ODTE or SPYT?
ODTE has lagged SPYT over the year to date, posting a 7.07% total return against 9.08%. Figures are total returns: price change plus every distribution reinvested. Past performance does not guarantee future results.
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