IWMY logo

Defiance R2000 Target 30 Income ETF (IWMY)

$20.60

Quotes are delayed by 15 minutes.

1D

1W

1M

3M

6M

YTD

1Y

2Y

5Y

ALL

Key data on IWMY

AUM

$131152949

P/E ratio

--

Dividend yield

97.1291%

Expense ratio

1.02%

Beta

0.816964

Price on IWMY

Previous close

$20.82

Today's open

$20.83

Day's range

$20.55 - $20.87

52 week range

$20.15 - $32.27

Profile about IWMY

show more

Headquarters

US

Exchange

NYSE Arca

Issue type

Exchange-Traded Fund

IWMY industries and sectors

Alternatives

Trading Tools

News on IWMY

IWMY: How To Profit From Small-Cap Income Streams

IWMY offers a compelling high-yield entry point for small-cap exposure, offering solid total return over the past 12 months. My weight-queue allocation strategy adapts positions based on market conditions, using IWMY for weekly income and tactical rebalancing. Anticipated rate cuts are a key catalyst; small-caps like IWMY stand to benefit significantly from monetary easing.

news source

Seeking Alpha • Dec 11, 2025

news preview

IWMY: Turning T-Bills Plus Volatility Into Weekly Income

Tidal Trust II - Defiance R2000 Target 30 Income ETF is shifting to a call credit spread strategy with long Russell 2000 exposure. IWMY targets a 30% annualized distribution with weekly payments, appealing to income-focused investors, though returns are not guaranteed. Current macro conditions—loose financials, stable volatility, and high short-term rates—favor IWMY's new strategy and income generation.

news source

Seeking Alpha • Oct 16, 2025

news preview

IWMY Underperforms Peers In Total Return And Capital Preservation

Defiance R2000 Target 30 Income ETF offers a massive 52.2% yield but suffers significant capital erosion and underperforms peers. IWMY's ATM option strategy limits upside potential, resulting in a 36% price decline over the past year and over 63% since inception. Despite high income, IWMY's distributions are less tax-efficient and inconsistent, making it unsuitable for investors seeking reliable, long-term returns.

news source

Seeking Alpha • Oct 15, 2025

news preview

These 3 ETFs Can Get You $1,000 in Dividends Every Week

Most investors are aware of dividend exchange-traded funds that pay monthly.

news source

24/7 Wall Street • Sep 1, 2025

news preview

IWMY Can Provide Investors An Appealing Income Strategy

IWMY offers high weekly income by writing daily put options on the Russell 2000 Index, yielding 75.56% over the past year. The ETF does not hold index constituents directly, instead generating income from option premiums and short-to-medium-term treasuries for added stability. Risks include value decay, liquidity concerns, reverse stock splits, and significant returns of capital distributions, with tax implications.

news source

Seeking Alpha • Jul 28, 2025

news preview

31 June Ideal 'Safer' Monthly Paying Dividend Stocks And 80 Funds

June U.S. exchange-traded monthly paid (MoPay) dividends, upsides, and net-gains include: 1. Stocks-by-yield (80); 2. Stocks-by-price-upside (30); 3. Closed-End-Investments, Exchange-Traded-Funds & Notes (CEICs/ETFs/ETNs) by yield >10% (80); 4. ‘Safer' Ideal-Dividend-Equities by Cash-Flow-Margins. Analyst estimates suggest top MoPay stocks could net 16.48% to 33.67% gains by June 2026, with an average net gain of 23.57% and higher-than-market risk. The dogcatcher rule highlights 31 'safer' MoPay stocks where dividends from $1K invested exceed share price, positive returns, and strong free cash flow coverage.

news source

Seeking Alpha • Jul 1, 2025

news preview

IWMY: May Perform Better Than Peers, Strategy Changes Ahead

IWMY, an income ETF, shows promise in generating income and providing downside protection, especially in sideways or downward markets. Volatility levels of the underlying IWM are low, which impacts option premiums and accumulated income, but offers stability. Past performance indicates IWMY has a smaller performance gap compared to its underlying IWM, with better downside protection than many option writing ETFs.

news source

Seeking Alpha • May 14, 2025

news preview

IWMY: Likely To Become Insolvent In A Few Years Unless Strategy Changes

Demand for high-yielding stock investments surged in 2020, leading to the popularity of options-selling strategies, with funds like IWMY offering high yields but high risks. IWMY's strategy of selling daily in-the-money put options is fundamentally flawed, causing rapid NAV erosion and making it a yield trap. Despite positive total returns with dividend reinvestment, IWMY's declining AUM and unsustainable strategy make it a risky investment.

news source

Seeking Alpha • Nov 6, 2024

news preview

Beyond The High Yield: A Look At IWMY's Strategy And Potential Risks

IWMY's 51% yield is unusually high and potentially unsustainable, with significant risks due to its options-based strategy and return of capital distributions. The fund's strategy involves selling short-dated put options on the Russell 2000, limiting upside potential and exposing it to unlimited downside. A substantial portion of IWMY's portfolio is invested in low-yield Treasuries, hindering its ability to outperform in bull markets.

news source

Seeking Alpha • Oct 19, 2024

news preview

Defiance Announces Shift to Weekly Distributions and Name Change for 0DTE Income ETF Suite

MIAMI, Sept. 26, 2024 (GLOBE NEWSWIRE) -- Defiance ETFs, a leading innovator in thematic and income-based exchange-traded funds (ETFs), is excited to announce the renaming and strategy update for its suite of Daily Options Income ETFs to better reflect the adoption of same-day expiration options (0DTE) and an enhanced income strategy.

news source

GlobeNewsWire • Sep 26, 2024

news preview

¹ Disclosures

Get started with M1

Invest in Defiance R2000 Target 30 Income ETF

Open an M1 investment account to buy and sell Defiance R2000 Target 30 Income ETF commission-free¹. Build wealth for the long term using automated trading and transfers.

Invest in IWMY on M1