IWMY
Defiance R2000 Enhanced Options Income ETF
IWMY is an actively managed ETF that seeks enhanced income, constructed of treasuries and Russell 2000 index options.
Risk Management
EQUITY
Active
MANAGEMENT STYLE
107.2 M
ASSETS UNDER MGMT
99 bp
EXPENSES
Fund Basics
| Fund sponsor | Defiance ETFs |
| Category | Risk Management |
| Asset class | Equity |
| Website | link... |
| Inception date | Oct 30, 2023 |
| Assets (mns) | $107 |
| Expense ratio | 99 bp |
Fund Structure
| Regulation | Open-Ended Fund |
| Distributions | Monthly |
| Taxation | 1099 |
| Derivatives-based | Yes |
| Options available | No |
| Currency hedged | No |
| Fund of funds | Yes |
Top Holdings
| UNITED STATES TREASURY NOTE/BOND 3% 07/15/202 | 20.8 % |
| UNITED STATES TREASURY NOTE/BOND 3.875% 01/15 | 19.3 % |
| UNITED STATES TREASURY BILL 06/12/2025 | 13.5 % |
| UNITED STATES TREASURY BILL 05/15/2025 | 13.5 % |
| UNITED STATES TREASURY BILL 08/14/2025 | 13.4 % |
| CASH & OTHER | 13.1 % |
| UNITED STATES TREASURY NOTE/BOND 4.25% 10/15/ | 7.4 % |
| RUTW US 05/05/25 P2030 | -0.8 % |
Asset Allocation
Historical Performance
Standardized Performance (as of 04/30/2025)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | 20 YR | Incep. | |
|---|---|---|---|---|---|---|---|---|
| Price Returns | -19.9% | -50.7% | -- | -- | -- | -- | -- | -46.2% |
| Dividend Yield | 13.5% | 52.2% | -- | -- | -- | -- | -- | 53.0% |
| Total Returns | -6.4% | 1.5% | -- | -- | -- | -- | -- | 6.9% | Ann. Volatility | 22.0% | 16.7% | -- | -- | -- | -- | -- | 15.6% |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 0.96 | 51% |
| MSCI EAFE | 0.57 | 20% |
| MSCI Emg Mkts | 0.48 | 9% |
Liquidity Measures
| Avg. volume (000) | 83 |
| ADV traded (mns) | $2 |
| Turnover | 1.9% |
| Avg. Bid/Ask (% of price) | 0.09% |
Technical Indicators
| Recent close | $24.13 |
| 30d moving avg. | $23.93 |
| Annualized volatility | 15.6% |
| Relative strength (RSI) | 46 |
| Short interest | 2.2% |
Distributions
Assets Under Management (mns)
Money Flows (mns)
Short Interest (as % of shares outstanding)
Long Money Flows (mns)
Expense Analysis
| Peer Group | Active Risk Management Equity ETFs |
| # of ETFs | 109 |
| Avg. Expense Ratio | 85.0 bp |
| Std. Deviation | 17 bp |
| IWMY (99 bp) Percentile rank | 67 |
Peer Group Expense Ratio Distribution
Total Cost of Ownership (TCO) Comparison
| Expense (bp) (A) |
Avg. Bid/Ask (bp) (B) |
TCO (bp) (A)+(B) |
|
|---|---|---|---|
| IWMY | 99.0 | 9.1 | 108.1 |
| Peer Avg. | 90.6 | 32.1 | 122.8 |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .