Defiance ETFs — Daily & Weekly Income

Defiance builds option-income ETFs around one goal: turn volatility into frequent cash flow. Its income funds take concentrated exposure to a single high-volatility stock or index, then sell short-dated calls or credit spreads against that exposure and distribute the premium collected — in some funds weekly, in others monthly, and in the daily-income series on an accelerated schedule. Because the income source is option premium rather than corporate dividends, payouts move with implied volatility instead of company earnings, so the amount changes with each declaration. That mechanism also means distributions frequently include short-term gains and return of capital, and a high distribution rate can coexist with a declining share price. Judge these funds on total return and NAV trend, not the headline yield alone. Every active Defiance fund we track is listed below with its current annualized yield, distribution frequency and most recent payment.