A head-to-head comparison of VegaShares SPX NDX RTY Premium Income ETF and Defiance S&P 500 Target 30 Weekly Distribution 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 WDTE.
Defiance S&P 500 Target 30 Weekly Distribution ETF
Issuer
VegaShares
Defiance ETFs
Last Close
$25.80 as of August 1, 2026
$29.27 as of August 1, 2026
Distribution yield
14.92%
29.94%
Distribution Safety Score™
50
74
Expense ratio
0.76%
1.03%
AUM
$3.08M
$65.5M
Distribution frequency
Weekly
Weekly
Underlying index
S&P 500, Nasdaq-100, Russell 2000
S&P 500
Objective
Covered Call
Option Income
Asset class
Equity
Equity
Inception date
04/03/2026
07/16/2024
Beta
—
0.7932
Last dividend
$0.0740
$0.1685
Ex-dividend date
07/30/2026
07/30/2026
Bottom lineChoose ODTE if you are comfortable trading away most upside for a large, steady payout. Choose WDTE if you want to maximize current income — roughly 29.94%, generated by selling options premium. There's no free lunch: WDTE's payout comes from selling options, which caps upside and can erode the share price over time, while ODTE keeps full price exposure.
Most used
Income calculator
See how much monthly income a hypothetical investment would generate in each ETF at current yields.
Want to go deeper?
Add these ETFs to a sample portfolio and forecast your dividend income over 5+ years — no signup required.
Projections assume the current yield and share price remain constant. Actual results will vary.
Total returns
ODTE has lagged WDTE over the year to date, posting a 7.07% total return against 9.90%. 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 WDTE (Defiance S&P 500 Target 30 Weekly Distribution ETF) are both weekly-pay dividend ETFs, but they take different approaches.
WDTE offers the higher yield at 29.94% 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 1.03%.
They track different benchmarks: ODTE is linked to S&P 500, Nasdaq-100, Russell 2000 while WDTE tracks S&P 500, which means their performance drivers differ.
WDTE has $65.5M 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 1.03% for WDTE.
Choose WDTE
Defiance S&P 500 Target 30 Weekly Distribution ETF
Want to maximize current income — WDTE distributes roughly 29.94% 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 & WDTE 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 WDTE would produce $249.50/month, at current distribution rates. Both pay weekly distributions.
ODTE yield14.92%
WDTE yield29.94%
Monthly diff on $10K$125.17
Cost & efficiency
Over 10 years on $10,000, ODTE would cost approximately $760 in fees vs $1,030 for WDTE (simplified, not compounded). The $270.00 difference may be offset by yield or performance.
ODTE ER0.76%
WDTE ER1.03%
Strategy & risk
ODTE tracks S&P 500, Nasdaq-100, Russell 2000 with a covered call approach, while WDTE tracks S&P 500 with an option income approach.
ODTE beta—
WDTE beta0.7932
Fund details
ODTE is managed by VegaShares (launched 04/03/2026) with $3.08M in assets. WDTE is managed by Defiance ETFs (launched 07/16/2024) with $65.5M in assets.
Do us a favor — if you found this comparison useful, please share it with a friend researching dividend ETFs.
Frequently asked questions
Is ODTE or WDTE better for dividend income?
It depends on your goals. WDTE 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 WDTE?
ODTE (VegaShares SPX NDX RTY Premium Income ETF) tracks S&P 500, Nasdaq-100, Russell 2000 with a covered call approach, while WDTE (Defiance S&P 500 Target 30 Weekly Distribution ETF) tracks S&P 500 with an option income approach. They are issued by VegaShares and Defiance ETFs respectively.
Can I hold both ODTE and WDTE?
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 WDTE?
ODTE has an expense ratio of 0.76% while WDTE charges 1.03%. Lower fees mean more of your investment returns stay in your pocket over time.
How much income does $10,000 in ODTE vs WDTE generate?
At current rates, $10,000 in ODTE would generate roughly $124.33 per month ($1,492.00 annually). The same in WDTE would produce about $249.50 per month ($2,994.00 annually).
Which has performed better historically, ODTE or WDTE?
ODTE has lagged WDTE over the year to date, posting a 7.07% total return against 9.90%. Figures are total returns: price change plus every distribution reinvested. Past performance does not guarantee future results.
Explore related screeners
Lateral filters that include these funds — browse the full peer set on DividendVision.
Still deciding? Compare them against your own portfolio
See how each ETF fits alongside your real holdings — forecast future income, analyze overlap, and gauge risk. Start a free 7-day Dividend Vision trial and make the call with your full portfolio in view.
