ODTE
VegaShares SPX NDX RTY Premium Income ETF
weekly DividendsODTE Quick Stats
ODTE Distribution History Trend
ODTE has paid 22 weekly distributions on record since inception (2026-04-02). The average distribution over the trailing 12 periods is $0.07 per share. The highest distribution was $0.08 (week of 2026-08-13) and the lowest was $0.07 (week of 2026-09-10). Distribution variance of $0.01 reflects how sensitive the option premium on VegaShares SPX NDX RTY Premium Income's underlying exposure is to market volatility — richer weeks follow volatility spikes, thinner weeks follow calm markets.
ODTE vs Other Issuers
No other issuer in our coverage universe currently runs a weekly option-income fund on the same underlying exposure as ODTE, so there is no direct cross-issuer equivalent to compare it against — Other is the only provider offering this exposure on a weekly distribution schedule today. The closest read-across is to other Other funds, which share the same option structure and distribution mechanics but reference different underlyings.
Fund Overview
ODTE — VegaShares SPX NDX RTY Premium Income ETF — is a weekly-distribution ETF issued by Other that generates income by selling call options against SPX exposure. The fund targets investors seeking high-frequency cash flow from SPX exposure without holding the underlying directly. Distributions are paid weekly, with the ex-dividend date typically falling on a Thursday. The current annualized yield of 14.15% is calculated from the most recent weekly distribution of $0.0697 per share divided by the current share price of $25.60 and multiplied by 52. As with all option-income funds, the distribution rate reflects current implied volatility in SPX options — when volatility falls, distributions typically shrink. The fund has $2.7 million in assets under management and has returned -7.65% on a price basis year-to-date, excluding distributions.
Compared to similar Other funds, ODTE ranks 15 out of 21 by current yield and 12 out of 21 by year-to-date price performance.
Annual Yield Calculations
Both figures start from the same per-period rate: the average of the last 3 distributions ($0.07) divided by the current price ($25.60) = 0.272% per week. The non-DRIP yield annualizes it simply; the DRIP yield compounds it over 52 periods.
WeeklyYield™ Actual Performance
How YTD & performance are calculated: YTD returns shown across WeeklyYield are price-only, using split-adjusted close-to-close prices from the first trading day of the calendar year to the latest close — the same method your brokerage uses. Dividends are tracked separately in the yield figures above. "Actual Non-DRIP" and "Actual DRIP" add distributions back in to show total return since the earliest price we have on record (2026-05-29 at $27.72), using the same 14 distributions in both — non-DRIP collects them as cash, DRIP buys shares at each ex-date close. For ODTE, DRIP trails non-DRIP: because NAV fell over this window, shares bought with early distributions ended up worth less than the cash would have been. See full methodology →
Top Performer Score
Fund quality adjustment: ×0.56. Score is reduced for small AUM ($2.7M), young inception (2026-04-02), expense ratio 0.76%. Raw score before adjustment: 58.
Price History (1 Year)
About This ETF
The VegaShares SPX NDX RTY Premium Income ETF (ODTE) is an exchange-traded fund that mostly invests in total market equity. The fund is an actively managed ETF pursuing a buy-write strategy based on three broad US stock indexes. The fund seeks to generate current income and provide exposure to the price returns of the indexes ODTE was launched on Apr 2, 2026 and is issued by Vegashares.
How ODTE Generates Income
ODTE generates weekly income by selling call options on SPX or a synthetic equivalent. When the fund sells a call option, it collects a premium from the buyer — this premium is what funds the weekly distribution. The tradeoff is that the fund caps its upside: if SPX rallies sharply above the strike price, the fund does not fully participate in that gain. In a flat or declining market the income generation continues while the fund absorbs price losses similar to holding the underlying. The size of the weekly distribution directly reflects implied volatility in SPX options at the time the options were written — higher volatility means more expensive options and larger distributions, lower volatility means smaller ones. This makes the distribution variable week to week rather than fixed.
Distribution Composition and Tax Considerations
Not all of ODTE's weekly distributions represent taxable income. Option-income funds frequently classify part of each distribution as return of capital (ROC), which is not taxable in the year received but reduces your cost basis in the fund. When your cost basis reaches zero, subsequent ROC distributions become taxable as capital gains. The exact composition of each distribution — ordinary income, qualified dividends, short-term capital gains, long-term capital gains, and return of capital — is reported annually on Form 1099-DIV and may not be known until after the tax year ends. Holding ODTE in a tax-advantaged account (IRA, Roth IRA, 401k) eliminates the annual tax complexity entirely and is the approach most income-focused investors use for high-distribution funds.
Educational information only — not tax advice. See our after-tax dividend calculator to model your own situation.
Dividend History
| Ex-Dividend Date | Cash Amount | Pay Date |
|---|---|---|
| 2026-09-10 | $0.06900 | 2026-09-11 |
| 2026-09-03 | $0.06900 | 2026-09-04 |
| 2026-08-27 | $0.07100 | 2026-08-28 |
| 2026-08-20 | $0.07200 | 2026-08-21 |
| 2026-08-13 | $0.07500 | 2026-08-14 |
| 2026-08-06 | $0.07500 | 2026-08-07 |
| 2026-07-30 | $0.07400 | 2026-07-31 |
| 2026-07-23 | $0.07500 | 2026-07-24 |
| 2026-07-16 | $0.07400 | 2026-07-17 |
| 2026-07-09 | $0.07300 | 2026-07-10 |
| 2026-07-02 | $0.07200 | 2026-07-06 |
| 2026-06-25 | $0.07000 | 2026-06-26 |
ODTE has paid 12 weekly distributions over the past 12 weeks. The average weekly distribution over this period was $0.0724 per share. The highest distribution in the trailing 12 weeks was $0.0750 (ex-date 2026-08-13) and the lowest was $0.0690 (ex-date 2026-09-10). Distribution consistency — the variance between the highest and lowest payment — is one indicator of underlying volatility stability. High variance suggests the fund's income generation is sensitive to volatility swings in SPX options.
ODTE News
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Frequently Asked Questions About ODTE
ODTE pays weekly dividends. Its most recent ex-dividend date was 2026-09-10 with a pay date of 2026-09-11.
ODTE has paid an average of $0.0697 per share across its most recent 3 distributions. Its latest distribution was $0.0690 per share.
ODTE's current annualized yield is 14.15%. This is calculated as the average of its last 3 distributions ($0.0697) divided by the current share price of $25.60, annualized over 52 periods. Reinvesting those distributions (DRIP) compounds the same rate: (1 + rate)^52 − 1.
Covered call and option-income ETF distributions vary week to week. ODTE's actual total return figures on the fund's WeeklyYield page show total return net of NAV changes; high distribution rates can coincide with NAV decline, so investors should compare yield to actual total return before drawing conclusions. This is educational information, not investment advice.
Option-income ETF distributions are generally treated as ordinary income or return of capital, depending on the fund's structure and the underlying options strategy. For ODTE's exact tax character, refer to the fund issuer's 19a-1 notices and year-end 1099-DIV. This is not tax advice.
More detail on how these numbers are calculated is on our methodology page.