SPYT vs. SYII ETF Comparison
Comparison of Defiance S&P 500 Target Income ETF (SPYT) to Syntax Stratified Total Market II ETF (SYII)
SPYT
Defiance S&P 500 Target Income ETF
SPYT Description
SPYT is actively managed which seeks daily income and consistent monthly distributions by utilizing an index credit spread option strategy. The strategy involves daily selling of S&P 500 credit call spreads that are either at-the-money or near-the-money, with near-term expirations, and buying call options at a higher strike price. The sold option positions become profitable if the S&P 500 Indexs value increases above the call spreads cap. Additionally, the fund targets an annual income level of 20% and aims to hold cash or US Treasurys up to 10% of the portfolio as collateral for the option strategy. Even during periods of adverse market conditions, the fund will not seek defensive positions, nor directly or fully participate in the gains of the index. As such, the funds risk and return potential will fluctuate daily.
Grade (RS Rating)
Last Trade
$19.35
Average Daily Volume
31,397
1
SYII
Syntax Stratified Total Market II ETF
SYII Description
The fund seeks Stratified WeightTM exposure to a broad range of stocks representative of approximately 90% of the total U.S. market capitalization through active investments in ETFs, or underlying securities.Grade (RS Rating)
Last Trade
$45.72
Average Daily Volume
1,088
3
Performance
| Period | SPYT | SYII |
|---|---|---|
| 30 Days | -2.88% | -3.21% |
| 60 Days | 0.80% | |
| 90 Days | 2.98% | |
| 12 Months | 14.01% |
0 Overlapping Holdings
| Symbol | Grade | Weight in SPYT | Weight in SYII | Overlap |
|---|
SPYT Overweight 1 Positions Relative to SYII
| Symbol | Grade | Weight | |
|---|---|---|---|
| SPY | B | 99.5% |
SPYT: Top Represented Industries & Keywords
SYII: Top Represented Industries & Keywords
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