(JEPY) Defiance SP500 Enhanced - Overview
Etf: Equity Options, Index Options, Daily Income
Dividends
| Dividend Yield | 32.55% |
| Yield on Cost 5y | 298.02% |
| Yield CAGR 5y | 92.20% |
| Payout Consistency | 88.1% |
| Payout Ratio | - |
| Risk 5d forecast | |
|---|---|
| Volatility | 20.4% |
| Relative Tail Risk | -32.0% |
| Reward TTM | |
|---|---|
| Sharpe Ratio | 0.30 |
| Alpha | -3.08 |
| Character TTM | |
|---|---|
| Beta | 0.609 |
| Beta Downside | 0.945 |
| Drawdowns 3y | |
|---|---|
| Max DD | 15.85% |
| CAGR/Max DD | 9.23 |
Description: JEPY Defiance SP500 Enhanced December 22, 2025
The Defiance S&P 500 Enhanced Options 0-DTE Income ETF (JEPY) is an actively managed, non-diversified ETF that targets current income by writing near-term (0-day-to-expiration) S&P 500 options, while still offering limited upside exposure to the index’s price appreciation.
Key operational metrics (as of the latest filing) include an expense ratio of roughly 0.70%, a distribution yield near 7% annualized, and an average daily implied volatility of the written options around 18%, reflecting the fund’s reliance on high-frequency option premiums.
Primary macro drivers for JEPY’s performance are short-term equity market volatility (often proxied by the VIX), the Federal Reserve’s interest-rate stance (which influences option pricing through the risk-free rate), and sector-level momentum in the large-cap core of the S&P 500, especially technology and consumer discretionary stocks that dominate the index’s weightings.
Because the strategy caps upside participation, investors should weigh the trade-off between higher current income and reduced capital-gain potential, especially in bullish market regimes.
For a deeper quantitative breakdown, you might explore ValueRay’s analytics platform.
What is the price of JEPY shares?
Over the past week, the price has changed by -2.18%, over one month by -1.96%, over three months by -0.57% and over the past year by +7.08%.
Is JEPY a buy, sell or hold?
What are the forecasts/targets for the JEPY price?
| Issuer | Target | Up/Down from current |
|---|---|---|
| Wallstreet Target Price | - | - |
| Analysts Target Price | - | - |
| ValueRay Target Price | 57.1 | 86.6% |
JEPY Fundamental Data Overview February 09, 2026
EBIT TTM = 0.0 USD
EBITDA TTM = 0.0 USD
Long Term Debt = unknown (none)
Short Term Debt = unknown (none)
Debt = unknown
Net Debt = unknown
Enterprise Value = 68.5m USD (68.5m + (null Debt) - (null CCE))
Interest Coverage Ratio = unknown (Ebit TTM 0.0 / Interest Expense TTM 0.0)
EV/FCF = unknown (FCF TTM 0.0)
FCF Yield = 0.0% (FCF TTM 0.0 / Enterprise Value 68.5m)
FCF Margin = unknown (Revenue TTM is 0 or missing)
Net Margin = unknown
Gross Margin = unknown ((Revenue TTM 0.0 - Cost of Revenue TTM 0.0) / Revenue TTM)
Tobins Q-Ratio = unknown (Enterprise Value 68.5m / Total Assets none)
Interest Expense / Debt = unknown (Interest Expense 0.0 / Debt none)
Taxrate = 21.0% (US default 21%)
NOPAT = 0.0 (EBIT 0.0 * (1 - 21.00%))
Current Ratio = unknown (Total Current Assets none / Total Current Liabilities none)
Debt / Equity = unknown (Debt none)
Debt / EBITDA = unknown (Net Debt none / EBITDA 0.0)
Debt / FCF = unknown (Net Debt none / FCF TTM 0.0)
Total Stockholder Equity = 0.0 (from calculated bookValueOfEquity)
RoA = unknown (Net Income 0.0 / Total Assets none)
RoE = unknown (Net Income TTM 0.0 / Total Stockholder Equity 0.0)
RoCE = unknown (EBIT 0.0 / Capital Employed )
RoIC = unknown (NOPAT 0.0, Invested Capital 0.0, EBIT 0.0)
WACC = 8.16% (E(68.5m)/V(68.5m) * Re(8.16%) + (debt-free company))
Discount Rate = 8.16% (= CAPM, Blume Beta Adj.)
Fair Price DCF = unknown (Cash Flow 0.0)