Defiance ETFs — Daily & Weekly Income
Data as of market close September 16, 2026 — updated every trading day by 8pm ET.
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.
| Ticker | Name | Yield | Frequency | Last Distribution | Next Est. Ex-Date | AUM |
|---|---|---|---|---|---|---|
| MST | Defiance Leveraged Long Income MSTR ETF | 43.56% | weekly | $0.1069 | 2026-09-16 | $11.7M |
| USOY | Defiance Oil Enhanced Options Income ETF | 40.44% | weekly | $0.0649 | 2026-09-17 | $55.6M |
| IWMY | Defiance R2000 Weekly Distribution ETF | 31.25% | weekly | $0.1055 | 2026-09-17 | $99.0M |
| QQQY | Defiance Nasdaq 100 Weekly Distribution ETF | 30.63% | weekly | $0.1288 | 2026-09-17 | $192.7M |
| WDTE | Defiance S&P 500 Weekly Distribution ETF | 30.52% | weekly | $0.1680 | 2026-09-17 | $67.4M |
| GOLI | Defiance Gold Enhanced Options Income ETF | 25.79% | weekly | $0.0613 | 2026-09-17 | $25.1M |
| QLDY | Defiance Nasdaq 100 LightningSpread Income ETF | 20.30% | weekly | $0.1556 | 2026-09-18 | $48.5M |
Recent Defiance distribution announcements
| Ticker | Ex-Date | Pay Date | Amount |
|---|---|---|---|
| QQQY | 2026-09-10 | 2026-09-11 | $0.12880 |
| IWMY | 2026-09-10 | 2026-09-11 | $0.10550 |
| USOY | 2026-09-10 | 2026-09-11 | $0.06490 |
| MST | 2026-09-09 | 2026-09-10 | $0.10690 |
| QQQY | 2026-09-03 | 2026-09-04 | $0.12790 |
| IWMY | 2026-09-03 | 2026-09-04 | $0.10510 |
| USOY | 2026-09-03 | 2026-09-04 | $0.06380 |
| MST | 2026-09-02 | 2026-09-03 | $0.10560 |
| QQQY | 2026-08-27 | 2026-08-28 | $0.12900 |
| IWMY | 2026-08-27 | 2026-08-28 | $0.10850 |
| USOY | 2026-08-27 | 2026-08-28 | $0.05890 |
| MST | 2026-08-26 | 2026-08-27 | $0.07980 |
What makes Defiance ETFs different
Most option-income issuers settled on one template: hold an underlying, sell a call, pay the premium monthly. Defiance deviates on both ends of that template. On the income side it runs a daily-distribution series, paying on an accelerated schedule rather than weekly or monthly, which changes the cash-flow rhythm and shortens the gap between buying and receiving a first payment. On the exposure side its lineup mixes single-stock funds with index and thematic strategies, and several funds use credit spreads instead of plain covered calls — a structure that defines the maximum premium collected up front rather than leaving it open-ended.
That matters for how you read the yields in the table above. A spread-based fund's distribution is bounded by the width of the spread, so it tends to be steadier week to week than a fund selling short-dated calls on a volatile single name. It also tends to be lower. Neither approach is strictly better; they trade payout size against payout consistency, and the right choice depends on whether you are optimizing for a predictable check or the largest possible one.
The constant across the lineup is that income comes from options rather than corporate dividends, so distributions frequently carry short-term gains and return of capital. Check each fund's split-adjusted price trend and total return on its own page before judging the payout.
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Open the ETF yield calculatorFrequently asked questions
Defiance runs a daily-income series that distributes on an accelerated schedule rather than weekly or monthly, alongside funds that pay weekly. The frequency column in the table on this page shows the current cadence for each Defiance fund we track.
Defiance leans on credit spreads and a daily-distribution series alongside conventional covered calls, and several of its funds target index or thematic exposure rather than a single stock. YieldMax is almost entirely single-stock synthetic covered calls. The practical result is a different volatility and payout profile even where headline yields look similar.
Each distribution is funded by the option premium the fund collects over the period, net of expenses, rather than by corporate dividends. The amount therefore changes with each declaration as implied volatility moves, and distributions frequently include short-term gains and return of capital.
Defiance runs a family of option-income ETFs, including its daily- and weekly-distribution funds, that write short-dated options against concentrated exposure to a single stock or index and pass the premium through as income.
Several Defiance income funds distribute on a weekly schedule; others pay monthly. The frequency column in the table on this page shows the current cadence for each fund we track.
Distribution amounts are typically declared a few business days before each ex-date. The recent distributions section below lists the confirmed payments we have on file.