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ETFs

Defiance S&P 500 Enhanced Options Income ETF

JEPY
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
Sep 18 2023
Expense Ratio
0.99%
Type
US Equity Income
Fund Owner
Defiance ETFs
Volume (1m avg. daily)
—
AUM
$3,912,080
Associated Index
None
Inverse/Leveraged
No
Passive/Active
Active
Fractionable on Composer
No
Prospectus
View

Top 10 Holdings

n/a
Cash & Other
100.49%
n/a
XSP US 09/25/23 P433
-0.01%
n/a
SPXW US 09/25/23 P4330
-0.46%
Invest with JEPY

What is JEPY?

JEPY, the first put-write ETF on the S&P 500 using daily options (0DTE) to seek enhanced income for investors. JEPY aims to achieve consistent and outsized monthly yield distributions for investors coupled with equity market exposure to the S&P 500. JEPY is an actively managed exchange-traded fund ("ETF") that seeks enhanced income, constructed of treasuries and S&P 500 index options. The strategy's objective is to generate outsized monthly distributions by selling option premium on a daily basis. The fund uses daily options to realize rapid time decay by selling in the money puts with 0DTE.

ETFs related toJEPY

ETFs correlated to JEPY include IAI, DUHP, DGRW

JEPY
Tidal Trust II - Defiance S&P 500 Enhanced Options Income ETF
IAI
BlackRock Institutional Trust Company N.A. - iShares U.S. Broker-Dealers ETF
DUHP
Dimensional ETF Trust - Dimensional US High Profitability ETF
DGRW
WisdomTree Trust - WisdomTree U.S. Quality Dividend Growth Fund
JHMM
John Hancock Investment Management LLC - John Hancock Multifactor Mid Cap ETF
ARKQ
ARK Investment Management LLC - ARK Autonomous Technology & Robotics ETF
QQQJ
Invesco Exchange-Traded Fund Trust II - Invesco NASDAQ Next Gen 100 ETF
FDVV
Fidelity Covington Trust - Fidelity High Dividend ETF
NUSC
Nuveen Fund Advisors LLC - Nuveen ESG Small-Cap ETF
VIG
Vanguard Group, Inc. - Vanguard Dividend Appreciation FTF
INDA
BlackRock Institutional Trust Company N.A. - iShares MSCI India ETF

What is ETF correlation?

Correlation is a measure of the strength of the relationship between two ETFs. It quantifies the degree to which prices of the two ETFs typically move together.

Here, correlation is measured over the past year with the Pearson correlation coefficient (Pearon’s r), which ranges from -1 to 1.

Using ETF correlations in portfolio and strategy construction

ETF correlations can help you create investing strategies and portfolios. Use them to:

  • •Build a diversified portfolio from uncorrelated or inversely correlated ETFs with the aim of minimizing portfolio risk.
  • •Compare correlated or related ETFs to find one with a lower expense ratio or higher trading volume.
  • •Create an investing strategy that hedges an ETF with an uncorrelated or inversely correlated ETF.

Automated Strategies
Related toJEPY

#RB

Rotating Bonds

Category

Getting Defensive, Diversification

Risk Rating

Moderate

#SD

Smarter Dividends

Category

Composer's Picks, Investing for the Long-Term

Risk Rating

Moderate

Create your own algorithmic trading strategy with JEPY using Composer

FAQ

JEPY is a US Equity Income ETF. JEPY, the first put-write ETF on the S&P 500 using daily options (0DTE) to seek enhanced income for investors. JEPY aims to achieve consistent and outsized monthly yield distributions for investors coupled with equity market exposure to the S&P 500. JEPY is an actively managed exchange-traded fund ("ETF") that seeks enhanced income, constructed of treasuries and S&P 500 index options. The strategy's objective is to generate outsized monthly distributions by selling option premium on a daily basis. The fund uses daily options to realize rapid time decay by selling in the money puts with 0DTE.

Yes, JEPY is actively managed. In an actively managed fund, the fund manager makes decisions about how funds are invested. A passively managed fund typically tries to track or follow a market index.

No, JEPY is not passively managed. It is actively managed. A passively managed fund typically tries to track or follow a market index. In an actively managed fund, the fund manager makes decisions about how funds are invested.

The 1-month return on JEPY is %. This is the percent change in the value of JEPY over the most recent 1-month period. The 3-month return on JEPY is %. This is the percent change in the value of JEPY over the most recent 3-month period.

ETFs similar to JEPY include PKW, XYLD, and PTLC.

ETFs correlated to JEPY include IAI, DUHP, and DGRW.

ETFs that are inversely correlated to JEPY include CYA, SH, and HIBS.

Disclaimers

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We show information directly obtained from our data provider, Xignite. Data shown here is provided by Xignite, an unaffiliated third party. Composer believes the information shown here is reliable, but has not been verified and there is no guarantee that the information is accurate.

**

We show information based on calculations performed by Composer using data from our provider. Information provided here is based on calculations performed by Composer using data sourced from Xignite, an unaffiliated third party. Composer believes this information is reliable, but has not verified the data and there is no guarantee that the calculations are accurate.