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- By the record: the payment record opens October 2, 2023 and holds 115 checks, with $9.41 per share across 52 payments in the twelve months to October 4, 2026, against $11.52 a year earlier, a move of 18% down, or about 33% of the ~$28.75 share price.
- Pays: weekly.
- First paid: October 2023 — every payment since is charted below.
- What it is: long exposure to the S&P 500 plus daily (0DTE) credit call spreads sold against it, targeting annual distributions around 30% of NAV.
- Fee: 1.03% gross expense ratio (issuer fund page).
- The family: sibling of QQQY — same daily-spread engine on the S&P 500.
WDTE compounds the market's fastest decay curve — same-day S&P options — into a weekly cash stream, re-striking every open. The ~30% distribution target is aggressive by construction; sustained payouts at that rate have historically come with significant share-price erosion. Both halves are on this page.
WDTE pays weekly. Each point below is one distribution since the fund began paying in October 2023.
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Each point is one payment; the line ends at the most recent payout. The table below totals them by year.
- Trailing 12 months: $9.41 per share across 52 payments — down 18% from $11.52 in the 12 months before (split-adjusted, in today's share terms). What a change like that does to your income →
- Current pace: recent payments annualize to $8.76 — 7% below the trailing figure. When those two disagree, the trailing yield is quoting the past. Live cut & raise board →
- Share price, same 12 months: down 14% (dividends excluded) — income and principal are one story. Erosion Index →
- Record: 115 payments over 3 years; the largest single payment was $2.76 (Sep 2024), split-adjusted.
- Payment drops ≥20% below trend, last 24 months: 16. Get alerted to the next one →
- Payment steadiness: the last 12 checks wobble ±1% around their median. Compare that against any fund →
Every figure above is computed from WDTE's actual payment record and share-price history as of the date shown — not copied from a fact sheet. Recomputed regularly; the chart above always shows the live data.
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| Recent Ex-Dividend Dates | Distribution / Share |
|---|
"Next expected" is estimated from WDTE's recent payment rhythm — the fund announces exact dates shortly before each payout, and the data feed can lag a few days. You must own shares before the ex-dividend date to receive that payout; the cash typically arrives days later. See every fund's upcoming date on the live dividend calendar.
A real total-return estimate, assuming every payout was reinvested — including what happened to the share price. Before taxes and fees. Past performance does not predict the future.
Among Defiance's three daily-spread funds, WDTE gets the calmest, deepest options market — the S&P 500 — and therefore the steadiest version of the strategy's results. QQQY does it on the Nasdaq-100, WDTE on the S&P 500, and its sibling completes the set. The cross-issuer benchmark is XDTE, Roundhill's covered-call S&P daily fund — overnight moves kept there, sold here.
On the S&P the asymmetry is gentler than on small caps but never absent: each session's spread pre-sells the day's gains while its losses pass through untouched. Price the strategy against simply holding the S&P via the compare tool; the Erosion Index tracks the toll weekly.
| Year | Total Distributions / Share | Payments | Change vs Prior Year |
|---|
Data source: Yahoo Finance. Figures are per share; the current year may be partial and figures should be verified against official sources. Split housekeeping: historical figures display in current share terms, so the oldest points read differently than holders experienced them.
Calculated from complete calendar years in the data above. Past results don't guarantee future payments.
When Is WDTE's Next Ex-Dividend Date?
WDTE pays weekly. The exact date of each payout is announced by the fund only shortly beforehand, so no site can promise the next date — but the live schedule box above shows the most recent ex-dividend date and the expected window for the next one, computed from WDTE's actual payment rhythm. Remember: you must own shares before the ex-dividend date to receive that payout.
WDTE's Record So Far
WDTE — the Defiance S&P 500 Weekly Distribution ETF — launched in September 2023 and has paid weekly since October 2023. This fund has worn two names: it launched in September 2023 as the Defiance S&P 500 Enhanced Options & 0DTE Income ETF and was renamed in December 2025 — and the WDTE ticker itself previously traded as JEPY. Same strategy throughout; the chart above is the continuous record.
Why 0DTE Premium Is Different
An option's time value decays fastest in its final hours, so a fund that sells only same-day options harvests the steepest slice of decay the market offers — hundreds of times a year. The toll: each trading day's upside is partly forfeited at the bell, its downside honored in full — small daily, meaningful compounded. That daily asymmetry, compounded, is the whole risk story.
The Payout Column Alone Flatters This
Weekly checks at a ~30% annual clip look magnificent in the payout column alone. The honest read pairs them with the share price — the Erosion Index tracks exactly that — and judges the package on total return against simply holding the S&P 500.
WDTE's S&P 500 seat makes it the trio's moderate: less volatility to harvest than IWMY's small caps, steadier underlying, and a payment line that wobbles least. Against Roundhill's XDTE — same index, covered calls instead of spreads, overnight moves retained — it forms the S&P half of the category's defining A/B test.
WDTE's most quotable stretch remains the 2024-25 launch era, when weekly S&P premium at scale was still novel; the maturity test is quieter — whether the weekly clip holds through low-volatility quarters like mid-2026's, where same-day options price cheap and the strategy earns its keep on discipline rather than drama.
Compare It Against Anything
Same chart, two tickers, one honest overlay — payouts and price erosion side by side.
Compare Any Two Funds