Key stats
About Defiance S&P 500 Enhanced Options & 0DTE Income ETF
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Inception date
Sep 18, 2023
Structure
Open-Ended Fund
Replication method
Synthetic
Dividend treatment
Distributes
Distribution tax treatment
Qualified dividends
Income tax type
Capital Gains
Max ST capital gains rate
39.60%
Max LT capital gains rate
20.00%
Primary advisor
Tidal Investments LLC
Distributor
Foreside Fund Services LLC
WDTE is actively managed, seeking daily income and monthly distributions through an index put-write strategy. Distributions are taxed at the higher ordinary income rate. The strategy involves daily selling of S&P 500 Index put options that are at-the-money or up to 5% in-the-money, expiring the next or same trading day. These options become profitable if the S&P 500 Index rises. The fund does not directly or fully participate in index gains and will not adopt defensive positions during adverse markets. WDTE is the first put-write ETF to use daily options on the S&P 500, resulting in daily risk and return fluctuations. A significant portion of the portfolio is held in short-term US Treasurys, serving as collateral for short put positions. Until June 26, 2025, the fund was named Defiance S&P 500 Enhanced Options & 0DTE Income ETF. Prior to September 26, 2024, the fund traded as Defiance S&P 500 Enhanced Options Income ETF under the ticker symbol JEPY.
Classification
Returns
| 1 month | 3 months | Year to date | 1 year | 3 years | 5 years | |
|---|---|---|---|---|---|---|
| Price performance | — | — | — | — | — | — |
| NAV total return | — | — | — | — | — | — |
What's in the fund
Exposure type
Government
Cash
Bonds, Cash & Other100.00%
Government82.43%
Cash13.41%
Mutual fund4.16%
Stock breakdown by region
North America100.00%
Latin America0.00%
Europe0.00%
Asia0.00%
Africa0.00%
Middle East0.00%
Oceania0.00%
Top 10 holdings
Dividends
Dividend payout history
Assets under management (AUM)
Fund Flows
Frequently Asked Questions
WDTE last dividends amounted to 0.20 USD. The week before, the issuer paid 0.21 USD in dividends, which shows a 0.39% decrease.
WDTE assets under management is 70.97 M USD. It's risen 3.96% over the last month.
WDTE fund flows account for −18.03 M USD (1 year). Many traders use this metric to get insight into investors' sentiment and evaluate whether it's time to buy or sell the fund.
Yes, WDTE pays dividends to its holders with the dividend yield of 47.05%. The last dividend (Jul 18, 2025) amounted to 0.20 USD. The dividends are paid weekly.
WDTE shares are issued by Toroso Investments Topco LLC under the brand Defiance. The ETF was launched on Sep 18, 2023, and its management style is Active.
WDTE expense ratio is 1.01% meaning you'd have to pay 1.01% of your investment to help manage the fund.
WDTE follows the No Underlying Index. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
WDTE invests in bonds.
WDTE price has risen by 1.66% over the last month, and its yearly performance shows a −29.09% decrease. See more dynamics on WDTE price chart.
NAV returns, another gauge of an ETF dynamics, showed a 16.86% increase in three-month performance and has increased by 6.67% in a year.
NAV returns, another gauge of an ETF dynamics, showed a 16.86% increase in three-month performance and has increased by 6.67% in a year.
WDTE trades at a premium (0.01%) meaning the ETF is trading at a higher price than the calculated NAV.