Defiance S&P 500 Target Income (SPYT)Large Blend | Exchange Traded Fund | NYSEArca
17.29 USD
-0.05
(-0.288%) ⇩
(April 20, 2026, 4 p.m.
EDT)
Short-term: ★★★☆☆ | Long-term: ★★☆☆☆ | Dividends: ★☆☆☆☆ |
Hot Take | April 19, 2026, midnight EDT
SPYT is a yield-generating instrument with a structural cap on upside (moderate rating), not a capital appreciation tool. The 22.66% yield comes at the cost of growth exposure; while dividends appear sustainable via the covered call strategy, the asset is fundamentally inferior to an S&P 500 index fund (IVV) in terms of total return history. For investors, this is a hedging play against low-rate environments, not a primary wealth-building engine. |
| Model | MAE |
|---|---|
| MSTL ✓ | 0.016095 |
| AutoETS | 0.017075 |
| AutoARIMA | 0.017076 |
| AutoTheta | 0.018577 |
Forecast horizon: 45 days | Selected: MSTL
| Forecast Reliability | |
|---|---|
| Score | 45% |
| H-stat | 3.34 |
| Ljung-Box p | 0.000 |
| Jarque-Bera p | 0.033 |
| Excess Kurtosis | 0.26 |
| Attribute | Value |
|---|---|
| Trailing P/E | 27.40 |
As of April 19, 2026, midnight EDT: Options flow shows extremely low liquidity with negligible volume and open interest across all expirations. Volatility surfaces are fragmented; 6-month straddles show near-total open interest in Out-of-the-Money (OTM) calls, indicating minimal hedging demand, while short-dated terms have higher ATM pricing. The lack of significant put/call skew or defensive positioning suggests the market is not actively pricing a major near-term event risk, but the data paucity makes directional signals from options speculative.
| Last Yield | 1yr Yield | 3yr Avg | 5yr Avg |
|---|---|---|---|
| 1.64% | 22.99% | — | — |
| Date | Dividend | Yield % |
|---|---|---|
| 2026-04-01 | 0.264 | 1.637717 |
| 2026-03-02 | 0.291 | 1.735861 |
| 2026-02-02 | 0.296 | 1.748637 |
| 2025-12-31 | 0.312 | 1.875541 |
| 2025-12-01 | 0.314 | 1.891750 |
| 2025-11-03 | 0.321 | 1.922504 |
| 2025-10-01 | 0.322 | 1.964707 |
| 2025-09-02 | 0.322 | 2.032017 |
| 2025-08-01 | 0.320 | 2.080008 |
| 2025-07-01 | 0.308 | 2.014879 |
| 2025-06-02 | 0.300 | 2.038619 |
| 2025-05-01 | 0.284 | 2.043837 |
| 2025-04-01 | 0.298 | 2.116410 |
| 2025-03-03 | 0.316 | 2.158284 |
| 2025-02-03 | 0.327 | 2.179511 |
| 2024-12-31 | 0.328 | 2.216511 |
| 2024-12-02 | 0.336 | 2.216685 |
| 2024-11-01 | 0.332 | 2.296293 |
| 2024-10-01 | 0.334 | 2.319881 |
| 2024-09-03 | 0.333 | 2.378732 |
| 2024-07-31 | 0.330 | 2.364141 |
| 2024-07-01 | 0.337 | 2.423318 |
| 2024-06-03 | 0.330 | 2.450242 |
| 2024-05-01 | 0.324 | 2.518164 |
| 2024-04-01 | 0.340 | 2.554764 |
| Attribute | Value |
|---|---|
| All Time High | 20.765 |
| All Time Low | 14.87 |
| Ask | 17.42 |
| Ask Size | 2,300 |
| Average Daily Volume10 Day | 121,590 |
| Average Daily Volume3 Month | 165,663 |
| Average Volume | 165,663 |
| Average Volume10Days | 121,590 |
| Beta3 Year | 0.0 |
| Bid | 16.03 |
| Bid Size | 7,800 |
| Category | Large Blend |
| Crypto Tradeable | 0 |
| Currency | USD |
| Custom Price Alert Confidence | HIGH |
| Day High | 17.33 |
| Day Low | 17.255 |
| Dividend Yield | 22.66 |
| Eps Trailing Twelve Months | 0.6309116 |
| Esg Populated | 0 |
| Exchange | PCX |
| Exchange Data Delayed By | 0 |
| Exchange Timezone Name | America/New_York |
| Exchange Timezone Short Name | EDT |
| Fifty Day Average | 16.817 |
| Fifty Day Average Change | 0.47300148 |
| Fifty Day Average Change Percent | 0.02812639 |
| Fifty Two Week Change Percent | 6.413102 |
| Fifty Two Week High | 18.68 |
| Fifty Two Week High Change | -1.3899994 |
| Fifty Two Week High Change Percent | -0.0744111 |
| Fifty Two Week Low | 15.77 |
| Fifty Two Week Low Change | 1.5200005 |
| Fifty Two Week Low Change Percent | 0.09638557 |
| Fifty Two Week Range | 15.77 - 18.68 |
| First Trade Date Milliseconds | 1,709,821,800,000 |
| Full Exchange Name | NYSEArca |
| Fund Family | Defiance ETFs LLC |
| Fund Inception Date | 1,709,510,400 |
| Gmt Off Set Milliseconds | -14,400,000 |
| Has Pre Post Market Data | 1 |
| Language | en-US |
| Legal Type | Exchange Traded Fund |
| Long Business Summary | The fund’s strategy involves holding shares of unaffiliated passively managed ETFs that seek to track the performance of the index (“Index ETFs”) and selling daily credit call spreads on the index. Its daily credit call spread strategy consists of selling a call option and simultaneously buying another call option at a higher strike price for income generation. The fund is non-diversified. |
| Market | us_market |
| Market State | PRE |
| Max Age | 86,400 |
| Message Board Id | finmb_1869443373 |
| Nav Price | 17.3119 |
| Net Assets | 140,284,048.0 |
| Net Expense Ratio | 0.92 |
| Open | 17.33 |
| Pre Market Change | 0.0 |
| Pre Market Change Percent | 0.0 |
| Pre Market Price | 17.29 |
| Pre Market Time | 1,776,769,436 |
| Previous Close | 17.34 |
| Price Hint | 2 |
| Quote Source Name | Delayed Quote |
| Quote Type | ETF |
| Region | US |
| Regular Market Change | -0.0499992 |
| Regular Market Change Percent | -0.288346 |
| Regular Market Day High | 17.33 |
| Regular Market Day Low | 17.255 |
| Regular Market Day Range | 17.255 - 17.33 |
| Regular Market Open | 17.33 |
| Regular Market Previous Close | 17.34 |
| Regular Market Price | 17.29 |
| Regular Market Time | 1,776,715,200 |
| Regular Market Volume | 87,065 |
| Short Name | Defiance S&P 500 Target Income |
| Source Interval | 15 |
| Symbol | SPYT |
| Total Assets | 140,284,048 |
| Tradeable | 0 |
| Trailing Annual Dividend Rate | 0.0 |
| Trailing Annual Dividend Yield | 0.0 |
| Trailing P E | 27.404793 |
| Trailing Peg Ratio | None |
| Trailing Three Month Nav Returns | -3.73617 |
| Trailing Three Month Returns | -3.73617 |
| Triggerable | 1 |
| Two Hundred Day Average | 17.708305 |
| Two Hundred Day Average Change | -0.41830444 |
| Two Hundred Day Average Change Percent | -0.023621935 |
| Type Disp | ETF |
| Volume | 87,065 |
| Yield | 0.22659999 |
| Ytd Return | -3.73617 |