WDTE
S&P 500 Enhanced Options & 0DTE Income ETF
WDTE is an actively managed fund seeking to provide enhanced weekly income by placing bullish bets on the S&P 500 Index through a 0DTE put option writing strategy. The secondary objective of the fund is to seek limited exposure to the performance of the index.
Risk Management
DERIVATIVES
Active
MANAGEMENT STYLE
64.8 M
ASSETS UNDER MGMT
99 bp
EXPENSES
Fund Basics
| Fund sponsor | Tidal Investments LLC |
| Category | Risk Management |
| Asset class | Derivatives |
| Website | link... |
| Inception date | Sep 18, 2023 |
| Assets (mns) | $65 |
| Expense ratio | 99 bp |
Fund Structure
| Regulation | Open-Ended Fund |
| Distributions | Weekly |
| Taxation | 1099 |
| Derivatives-based | Yes |
| Options available | Yes |
| Currency hedged | No |
| Fund of funds | No |
Top Holdings
| UNITED STATES TREASURY NOTE/BOND 3% 07/15/202 | 22.0 % |
| UNITED STATES TREASURY NOTE/BOND 3.875% 01/15 | 21.3 % |
| UNITED STATES TREASURY BILL 05/15/2025 | 13.7 % |
| UNITED STATES TREASURY BILL 06/12/2025 | 13.7 % |
| UNITED STATES TREASURY BILL 08/14/2025 | 13.6 % |
| CASH & OTHER | 9.3 % |
| UNITED STATES TREASURY NOTE/BOND 4.25% 10/15/ | 7.0 % |
| SPXW US 05/05/25 P5700 | -0.6 % |
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 | -15.3% | -34.2% | -- | -- | -- | -- | -- | -31.3% |
| Dividend Yield | 9.3% | 36.3% | -- | -- | -- | -- | -- | 37.3% |
| Total Returns | -6.0% | 2.1% | -- | -- | -- | -- | -- | 6.1% | Ann. Volatility | 20.6% | 13.8% | -- | -- | -- | -- | -- | 11.9% |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 0.84 | 75% |
| MSCI EAFE | 0.52 | 25% |
| MSCI Emg Mkts | 0.47 | 10% |
Liquidity Measures
| Avg. volume (000) | 23 |
| ADV traded (mns) | $1 |
| Turnover | 1.2% |
| Avg. Bid/Ask (% of price) | 0.53% |
Technical Indicators
| Recent close | $33.22 |
| 30d moving avg. | $32.81 |
| Annualized volatility | 12.0% |
| Relative strength (RSI) | 46 |
| Short interest | 1.9% |
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 Derivatives ETFs |
| # of ETFs | 109 |
| Avg. Expense Ratio | 85.0 bp |
| Std. Deviation | 17 bp |
| WDTE (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) |
|
|---|---|---|---|
| WDTE | 99.0 | 53.4 | 152.4 |
| Peer Avg. | 90.6 | 32.1 | 122.8 |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .