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IWMY Defiance R2000 Weekly Distribution ETF

Option income on IWM, paying weekly

Over the year to Sep 11, 2026, IWMY paid 30.7% in cash and still finished 12.0 points behind IWM.

Defiance · Income ETFs · data as of

Key facts

30.7%Cash paid, 1 year, on its starting price
+9.3%Total return, 1 year
−12.0 ptsAgainst IWM
100.0%Return of capital, latest payout (Defiance estimate)

Method

ETFIQ Return Stability Score

20.5joint 146th of 161

IWMY paid 30.7% in cash. Its price fell 23.1%, so 75% of what you were paid came back out of your own capital.

Was the payout funded by returns, or by your own capital?

Against its benchmark
MLPD −38.1 ptsMDST −30.2 ptsSLTY −29.1 ptsBLOX −27.8 ptsEIPI −27.8 ptsYQQQ −27.6 ptsULTY −23.3 ptsGDXY −22.0 ptsHIGH −20.8 ptsTOPW −18.6 ptsTDVI −18.3 ptsYMAX −18.1 ptsHISF −17.3 ptsACKY −17.2 ptsWEEI −16.9 ptsNDIV −16.6 ptsLQDW −16.2 ptsOARK −15.8 ptsFDND −15.5 ptsTCAL −15.0 ptsQRMI −14.8 ptsSDVD −14.8 ptsLFGY −14.5 ptsSLJY −14.5 ptsSCLZ −14.1 ptsYFYA −13.9 ptsQUSA −13.5 ptsHYGW −13.0 ptsJULH −13.0 ptsXLRI −13.0 ptsMAGY −12.9 ptsYYY −12.7 ptsXLKI −12.6 ptsJULJ −12.4 ptsLJUL −12.4 ptsJANJ −12.3 ptsLJAN −12.3 ptsFGSI −12.2 ptsLOCT −12.1 ptsRNTY −12.1 ptsAIPI −12.0 ptsOCTJ −11.9 ptsHIPS −11.7 ptsJUCY −11.6 ptsXLEI −11.6 ptsAPRJ −11.3 ptsLAPR −11.3 ptsXISE −11.3 ptsXIJN −11.1 ptsCVRD −11.0 ptsJANH −11.0 ptsAPRH −10.9 ptsXBTY −10.7 ptsXIDE −10.7 ptsOCTH −10.6 ptsJEPI −10.3 ptsXIMR −10.1 ptsSRHR −9.7 ptsXRMI −8.7 ptsVEGA −8.3 ptsBUYW −8.2 ptsIAUI −7.9 ptsBAGY −7.7 ptsXV −7.5 ptsKHPI −7.3 ptsYBTC −7.3 ptsFTHI −7.0 ptsYLDE −6.8 ptsIGLD −6.1 ptsQQQI −6.1 ptsRDVI −6.0 ptsSPIN −5.9 ptsFEPI −5.8 ptsIWMW −5.8 ptsTYLG −5.7 ptsBITY −5.6 ptsSPUT −5.4 ptsWTPI −5.2 ptsPAPI −4.7 ptsXLVI −4.7 ptsETCO −4.3 ptsJEPQ −4.1 ptsCAIE −4.0 ptsFTKI −3.9 ptsGPTY −3.7 ptsIQQQ −3.7 ptsGIAX −3.4 ptsBIGY −3.3 ptsISPY −3.1 ptsRYLD −3.1 ptsWEEL −2.9 ptsYMAG −2.9 ptsRDTY −2.6 ptsXLBI −2.5 ptsNBOS −1.8 ptsRYLG −1.8 ptsSPYI −1.7 ptsFTQI −1.6 ptsKNG −1.6 ptsTSPY −1.6 ptsTHTA −1.5 ptsQQQY −1.3 ptsRDTE −1.3 ptsDIVO −1.2 ptsSIXH −1.2 ptsXYLD −1.2 ptsDFII −1.1 ptsGPIQ −1.1 ptsQDTY −1.1 ptsXYLG −1.1 ptsXDTE −0.9 ptsQDTE −0.7 ptsQYLD −0.7 ptsXLII −0.7 ptsXPAY −0.7 ptsEGGY −0.6 ptsJOYT −0.6 ptsSDTY −0.6 ptsWDTE −0.4 ptsBTCC −0.3 ptsQYLG −0.3 ptsGPIX 0.0 ptsDJIA +0.1 ptsDYLG +0.3 ptsIWMI +0.3 ptsKGLD +0.3 ptsXLFI +0.3 ptsIVVW +0.4 ptsLTTI +0.5 ptsLQTI +0.6 ptsPBP +0.6 ptsHYTI +0.9 ptsTDAQ +0.9 ptsCSHI +1.3 ptsBALI +1.4 ptsYETH +1.5 ptsHYBL +1.6 ptsXLUI +1.6 ptsCHPY +1.9 ptsBTCI +2.1 ptsSOXY +2.3 ptsITWO +2.5 ptsDOGG +2.7 ptsCEPI +2.9 ptsXLYI +2.9 ptsYBIT +2.9 ptsTLTP +3.4 ptsDUBS +4.0 ptsSEPI +4.7 ptsXLCI +5.2 ptsIDVO +5.4 ptsTLTW +5.4 ptsBCCC +6.3 ptsOMAH +6.5 ptsIDUB +6.9 ptsXLSI +8.8 ptsUSOY +10.5 ptsBUCK +10.9 ptsKLIP +20.9 ptsNVYY +24.6 ptsIWMY −12.0 ptsIWMY −12.0 pts−38.1 pts+24.6 pts

25.8% of the 161 sit at or below IWMY on this measure.

What happened to the principal
ETCO −75.0%XBTY −74.7%YETH −67.4%YBTC −61.4%BTCC −59.9%YBIT −58.9%BAGY −58.0%SLTY −54.4%ULTY −53.3%NVYY −52.4%BITY −51.9%BCCC −49.4%BTCI −46.9%DFII −44.8%LFGY −43.0%YMAX −41.0%BLOX −38.8%TOPW −36.6%OARK −33.3%KLIP −32.8%GDXY −32.5%YMAG −27.1%YQQQ −26.3%MAGY −25.8%CEPI −21.0%RDTY −19.9%RDTE −19.4%QDTE −18.5%EGGY −15.1%TLTP −14.5%XLYI −14.1%LTTI −13.8%ACKY −13.7%WDTE −13.7%QQQY −13.0%QDTY −12.8%XDTE −12.8%AIPI −12.2%QUSA −11.8%LQTI −10.4%TLTW −10.3%SDTY −9.9%GIAX −9.8%XLUI −9.5%HIGH −9.3%LQDW −9.3%TCAL −9.0%FEPI −8.5%XV −8.4%IGLD −8.1%XLRI −8.0%XLCI −7.9%FDND −7.6%YYY −7.5%XLSI −7.3%RNTY −6.5%HYTI −6.3%GPTY −6.0%OMAH −6.0%XLBI −5.7%HYGW −5.6%IWMW −5.3%HIPS −5.2%XPAY −4.9%HISF −4.7%QRMI −4.2%USOY −4.0%XLFI −3.8%FGSI −3.2%BUCK −2.5%HYBL −2.5%JUCY −2.3%XRMI −2.3%MLPD −1.7%CAIE −1.6%IAUI −1.6%YFYA −1.6%IVVW −1.4%CVRD −1.3%JEPI −1.1%KNG −0.9%XIJN −0.7%JULJ −0.6%WTPI −0.5%CSHI −0.4%JULH −0.3%LJUL −0.2%XISE 0.0%JANH +0.1%JANJ +0.1%LAPR +0.1%LOCT +0.1%LJAN +0.2%OCTJ +0.2%XLII +0.2%APRJ +0.3%OCTH +0.3%XIDE +0.3%XIMR +0.4%APRH +0.5%TSPY +0.6%KHPI +0.7%BIGY +0.8%WEEL +0.9%SRHR +1.0%FTHI +1.1%QQQI +1.5%XLVI +2.1%SPYI +2.6%QYLG +2.8%YLDE +2.8%BUYW +2.9%SDVD +3.0%XYLG +3.4%KGLD +3.8%THTA +3.9%DJIA +4.2%FTKI +4.3%SCLZ +4.4%PAPI +4.5%RYLD +4.7%XLKI +5.0%PBP +5.1%IWMI +5.3%DYLG +5.4%TDAQ +5.9%XYLD +5.9%JEPQ +6.0%SPIN +6.1%NBOS +6.5%SPUT +6.5%RYLG +7.1%GPIX +7.9%FTQI +8.0%DOGG +8.2%ISPY +8.4%QYLD +8.4%DIVO +8.9%MDST +9.3%VEGA +9.4%BALI +9.5%GPIQ +9.8%SLJY +11.0%RDVI +11.7%TDVI +11.7%IQQQ +12.3%SEPI +13.8%XLEI +13.8%SIXH +14.1%ITWO +14.3%EIPI +14.6%JOYT +16.1%IDVO +16.4%DUBS +18.9%WEEI +18.9%IDUB +19.0%TYLG +21.2%NDIV +22.9%CHPY +24.9%SOXY +68.6%IWMY −23.1%IWMY −23.1%−75.0%+68.6%

15.2% of the 161 sit at or below IWMY on this measure.

Weighted evenly, those two positions are what the score combines, across the 161 income ETFs writing on an index or proxy. Neither spread above is the score: a fund can sit further right on one and score lower. A position in this set, not a rating: it moves when the set moves, and it is not a figure to average against another desk's.

What the score is computed from
What it measuresThis fundIts percentileWeight
against its benchmark−12.0 pts25.850%
what happened to the principal−23.1%15.250%

All income ETFs ranked by this score · How it is computed

9th of 9 income ETFs writing on IWM, by return against it

What a holder got

IWMY against IWMIWMY returned +9.3% with distributions reinvested against +21.2% for Russell 2000 (IWM), a gap of −12.0 pts. Of that, 30.7% arrived as cash rather than price.+9.3%IWMY total return+21.2%Russell 2000 (IWM)30.7% of it arrived as cash

Over the year to Sep 11, 2026, IWMY returned +9.3% with distributions reinvested and Russell 2000 (IWM) returned +21.2%, so a holder came out behind it by 12.0 points. The lighter segment is the 30.7% that arrived as cash rather than as price.

Its ten largest equity positions

IWMY top ten by weight, 100.0% of its 5 equity positions, from the holdings published by its issuer for Sep 14, 2026. The options the fund writes are not positions of this kind and are not listed. Source: the issuer’s own daily file.
HoldingWeight
Rut 12/18/2026 200.34 C93.74%
First American Government Obligations Fu5.75%
Cash & Other0.64%
Rut 09/14/2026 2912.95 C0.24%
Rut 09/14/2026 2903.94 C-0.37%

Method

Period by period

IWMY over each window to Sep 11, 2026. Every figure is an ETFIQ calculation. Source: ETFIQ.
WindowCash paidPriceTotal returnIWMAhead or behind
3 months7.3%−9.0%−1.8%−1.1%−0.7 pts
6 months15.7%−2.2%+13.6%+17.6%−4.1 pts
1 year30.7%−23.1%+9.3%+21.2%−12.0 pts
Since launch91.6%−70.5%+43.0%+81.1%−38.1 pts

Method

When IWMY pays

IWMY pays weekly. The last distribution was $0.1055 a share, which went ex on Sep 10, 2026, with payment about 1 day later. The next has not been declared. On its own cadence of about 7 days the ex-date falls near Sep 17, 2026; that date is an ETFIQ projection, not the issuer’s.

Expected distributions for IWMY. Where the basis is a projection, ETFIQ has carried the fund’s own spacing forward from its last ex-date and held the amount at the last one paid; neither is an issuer statement. Source: ETFIQ.
Ex-datePay dateAmountBasis
Sep 17, 2026Sep 18, 2026$0.1055ETFIQ projection from the fund’s own cadence
Sep 24, 2026Sep 25, 2026$0.1055ETFIQ projection from the fund’s own cadence
Oct 1, 2026Oct 2, 2026$0.1055ETFIQ projection from the fund’s own cadence
Oct 8, 2026Oct 9, 2026$0.1055ETFIQ projection from the fund’s own cadence
Oct 15, 2026Oct 16, 2026$0.1055ETFIQ projection from the fund’s own cadence
Oct 22, 2026Oct 23, 2026$0.1055ETFIQ projection from the fund’s own cadence
Every distribution ETFIQ holds for IWMY (13, most recent first)
Cash distributions per share for IWMY. Source: ETFIQ from Tiingo end-of-day distributions.
Ex-dateAmount
Sep 10, 2026$0.1055
Sep 3, 2026$0.1051
Aug 27, 2026$0.1085
Aug 20, 2026$0.1097
Aug 13, 2026$0.111
Aug 6, 2026$0.1119
Jul 30, 2026$0.1096
Jul 23, 2026$0.1114
Jul 16, 2026$0.1112
Jul 9, 2026$0.1124
Jul 2, 2026$0.1144
Jun 25, 2026$0.1136
Jun 18, 2026$0.1129

Every income ETF going ex-dividend in the next fortnight

Method

In plain words

Since it launched on Oct 31, 2023, IWMY has returned +43.0% with distributions reinvested, against +81.1% for Russell 2000 (IWM), and has paid out 91.6% of its starting value in cash along the way. It pays weekly, and at its current price the latest distribution annualizes to 30.7%. Defiance estimates that 100% of the distribution paid Sep 4, 2026 was a return of capital. That is the issuer’s own Rule 19a-1 estimate and a tax characterization, made before the fund year closes: it says the payment included money the fund gave back rather than earned, not that the fund is eroding.

IWMY (Defiance R2000 Weekly Distribution ETF), income ETFs fields as of Sep 11, 2026. Source: ETFIQ.
Strategyoption income
BenchmarkRussell 2000 (IWM)
Paysweekly
Net assets (the issuer own daily fund list, as of Sep 11, 2026)$94m
Latest payout, annualized (ETFIQ)30.7%
Expense ratio (485BPOS XBRL, Dec 17, 2025)1.05%
Cash paid, last 12 months, over today’s price (ETFIQ)39.9%
LaunchedOct 31, 2023
Return of capital, latest distribution (Defiance 19a-1 estimate)100.0%
Paysweekly
Typical gap between ex-dates7 days
Typical wait from ex-date to payment1 day
Last paid, per share$0.1055 ex Sep 10, 2026
Sum of the last 12 distributions$1.3243

Every figure is an ETFIQ calculation from exchange prices and cash distributions (Tiingo end-of-day), total return with distributions reinvested. Return of capital is the issuer’s estimate. How these figures are computed

Questions people ask

How much has IWMY paid over the last year?
Over the year to Sep 11, 2026, IWMY paid 30.7% of its starting price in cash distributions, while the price fell 23.1%.
Is IWMY ahead of IWM?
Over the year to Sep 11, 2026, with every distribution reinvested, IWMY returned +9.3% against +21.2% for Russell 2000 (IWM), so a holder was behind it by 12.0 points.
How often does IWMY pay, and how much?
IWMY pays weekly. The latest distribution annualizes to 30.7% at its price on Sep 11, 2026, which is not a promise; the next one can differ.
Is the IWMY distribution return of capital?
Defiance estimates 100% of the distribution paid Sep 4, 2026 was return of capital. That is a tax characterization from the fund's own 19a-1 notice, not a measure of erosion.
When does IWMY next pay a distribution?
IWMY pays weekly. The last distribution went ex on Sep 10, 2026 at $0.1055 a share. The next is not declared; on a cadence of about 7 days the ex-date falls near Sep 17, 2026, which is an ETFIQ projection. Payment usually follows the ex-date by 1 day.
What does IWMY cost?
The prospectus expense ratio is 1.05% a year.

The words on this page

Total return
What a holder actually ended up with: price change plus every distribution, reinvested. The only figure that answers whether you came out ahead.
Cash paid
Distributions over the window as a share of what the fund cost at the start. A measure of cash delivered, not of return: a fund can pay a great deal and still lose money.
Ahead or behind
The fund’s total return minus the benchmark’s over exactly the same days, in percentage points. Both sides reinvest.
Return of capital
The issuer’s own estimate, in a Rule 19a-1 notice, of how much of a distribution was your own money returned. An estimate and a tax characterization, not a measure of erosion.
Covered call
Selling call options on shares the fund holds. It collects a premium and gives up the gains above the strike, which is why these funds pay well and lag a rising market.

Every term used here, defined in full on the income ETFs vocabulary page.

Where these figures came from

ETFIQ links to the documents behind every figure. It is not affiliated with any issuer, and a link is not an endorsement.

Funds near this one

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Where IWMY is written about

IWMY, Income ETFs, ETFIQ, data as of Sep 11, 2026. Every figure is arithmetic on a named public source; the method is at etfiq.com/methodology. ETFIQ is an independent publisher, is not a fund issuer, broker-dealer or investment adviser, and makes no recommendations.
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Open IWMY live on ETFIQ, where the figures refresh with the data.

Cite this page. ETFIQ, IWMY, income ETFs, data as of Sep 11, 2026. https://etfiq.com/funds/iwmy Free to use with attribution; the underlying files are at Open data.

How these figures are computed · Standards and sources