(SPYT) Defiance SP500 - Overview
Etf: ETF, Call, Spread, Income, Non-Diversified
Dividends
| Dividend Yield | 22.67% |
| Yield on Cost 5y | 27.43% |
| Yield CAGR 5y | 12.57% |
| Payout Consistency | 100.0% |
| Payout Ratio | - |
| Risk 5d forecast | |
|---|---|
| Volatility | 16.0% |
| Relative Tail Risk | -7.95% |
| Reward TTM | |
|---|---|
| Sharpe Ratio | 0.46 |
| Alpha | -3.17 |
| Character TTM | |
|---|---|
| Beta | 0.891 |
| Beta Downside | 0.961 |
| Drawdowns 3y | |
|---|---|
| Max DD | 18.25% |
| CAGR/Max DD | 0.77 |
Description: SPYT Defiance SP500 January 19, 2026
The Tidal Trust II Defiance S&P 500 (NYSE ARCA: SPYT) is a non-diversified ETF that holds shares of unaffiliated passive index ETFs tracking the S&P 500 and simultaneously writes daily credit call spreads on the same index. The spread strategy involves selling a near-the-money call and buying a higher-strike call to collect premium while capping upside risk.
Key quantitative points to watch: the fund’s expense ratio sits around 0.30%, comparable to other leveraged-option ETFs; its historical annualized option-premium yield has averaged roughly 6-8% in low-volatility environments but can drop sharply when the VIX spikes above 20. Additionally, the S&P 500’s implied volatility term structure and the prevailing Fed policy rate are primary drivers of the spread income, as higher rates tend to increase option premiums but also raise the risk of rapid market moves.
For a deeper, data-rich assessment of SPYT’s risk-adjusted performance, consider reviewing the analytics on ValueRay.
What is the price of SPYT shares?
Over the past week, the price has changed by -0.57%, over one month by +0.31%, over three months by +1.02% and over the past year by +11.34%.
Is SPYT a buy, sell or hold?
What are the forecasts/targets for the SPYT price?
| Issuer | Target | Up/Down from current |
|---|---|---|
| Wallstreet Target Price | - | - |
| Analysts Target Price | - | - |
| ValueRay Target Price | 22.6 | 29.8% |
SPYT 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 = 146.5m USD (146.5m + (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 146.5m)
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 146.5m / 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 = 9.20% (E(146.5m)/V(146.5m) * Re(9.20%) + (debt-free company))
Discount Rate = 9.20% (= CAPM, Blume Beta Adj.)
Fair Price DCF = unknown (Cash Flow 0.0)