Home 
Today's Top Picks 
Top Performers 
Watchlist 
My Robo Portfolios 
ETF Zone 
Help & Tutorial - Chart
- Upturn Summary
- Highlights
- About
Defiance R2000 Target 30 Income ETF (IWMY)
- BUY Advisory
- SELL Advisory (Profit)
- SELL Advisory (Loss)
- Profit
- Loss
- Pass (Skip investing)
Stock price based on last close (see disclosures)
- ALL
- 1Y
- 1M
- 1W
Upturn Advisory Summary
12/08/2025: IWMY (1-star) is currently NOT-A-BUY. Pass it for now.
Upturn Star Rating
Not Recommended Performance
These Stocks/ETFs, based on Upturn Advisory, consistently fall short of market performance, signaling caution before investing.
Analysis of Past Performance
Type ETF | Historic Profit 3.97% | Avg. Invested days 56 | Today’s Advisory PASS |
Upturn Star Rating | Upturn Advisory Performance  3.0 | ETF Returns Performance  1.0 |
| Profits based on simulation | Last Close 12/08/2025 |
Key Highlights
Volume (30-day avg) - | Beta - | 52 Weeks Range 19.59 - 24.67 | Updated Date 06/30/2025 |
52 Weeks Range 19.59 - 24.67 | Updated Date 06/30/2025 |
Upturn AI SWOT
Tidal Trust II
ETF Overview
Overview
The Defiance R2000 Target 30 Income ETF (IWMY) seeks to generate income by investing in the Russell 2000 index and overwriting call options on a portion of its holdings. Its primary focus is income generation through a covered call strategy on small-cap stocks.
Reputation and Reliability
Defiance ETFs is a relatively new ETF issuer, focusing on thematic and innovative investment strategies.
Management Expertise
The management team at Defiance ETFs has experience in structuring and managing innovative ETF products.
Investment Objective
Goal
The ETF aims to provide current income by implementing a covered call strategy on a portfolio of stocks included in the Russell 2000 Index.
Investment Approach and Strategy
Strategy: The ETF invests in the Russell 2000 Index and writes (sells) call options on approximately 30% of the portfolio's underlying assets.
Composition The ETF primarily holds equity securities of companies included in the Russell 2000 Index.
Market Position
Market Share: IWMY's market share is relatively small compared to broad-based index ETFs.
Total Net Assets (AUM): 44685000
Competitors
Key Competitors
- Schwab Small-Cap ETF (SCHA)
- iShares Core S&P Small-Cap ETF (IJR)
- Vanguard Small-Cap ETF (VB)
Competitive Landscape
The small-cap ETF market is highly competitive, dominated by large asset managers offering low-cost index funds. IWMY differentiates itself through its covered call strategy for income generation. IWMY's advantage lies in income generation, but it may underperform during strong bull markets compared to its competitors.
Financial Performance
Historical Performance: Historical performance depends on market conditions and the effectiveness of the covered call strategy. Returns can vary based on volatility and option premiums.
Benchmark Comparison: The ETF's performance should be compared to the Russell 2000 index and covered call strategy benchmarks.
Expense Ratio: 0.99
Liquidity
Average Trading Volume
IWMY's average trading volume is moderate, which may impact the ease of buying and selling shares.
Bid-Ask Spread
The bid-ask spread may vary depending on market conditions and trading volume.
Market Dynamics
Market Environment Factors
Small-cap stock performance, interest rates, and volatility in equity markets can affect IWMY. The covered call strategy's success is linked to market volatility.
Growth Trajectory
Growth trends depend on small-cap market performance and investor demand for income-generating products. Changes in option strategy or index tracking could impact the ETF.
Moat and Competitive Advantages
Competitive Edge
IWMY's competitive advantage lies in its unique covered call strategy applied to the Russell 2000 index, providing income potential that standard small-cap ETFs do not offer. This strategy attracts investors seeking income, but it may limit capital appreciation. The strategy's performance depends on options pricing and market volatility.
Risk Analysis
Volatility
The ETF's volatility is influenced by both the volatility of the underlying Russell 2000 index and the covered call strategy, which tends to reduce volatility but can limit upside potential.
Market Risk
Market risk associated with IWMY includes the potential for losses due to declines in the value of the Russell 2000 index. The covered call strategy can provide some downside protection but also limits gains.
Investor Profile
Ideal Investor Profile
The ideal investor is someone seeking current income from their investments and is comfortable with the potential for limited capital appreciation. Investors who believe the small-cap market will be range-bound or experience moderate growth may find IWMY suitable.
Market Risk
IWMY is suitable for long-term investors seeking income and willing to accept a capped upside potential. It may not be suitable for active traders seeking maximum capital gains.
Summary
The Defiance R2000 Target 30 Income ETF (IWMY) offers exposure to the Russell 2000 index with a covered call strategy, aiming to generate income. The ETF's performance is influenced by small-cap market conditions and the effectiveness of its option strategy. Its covered call strategy limits upside potential but can provide downside protection and income. IWMY is suitable for investors seeking income with a moderate risk tolerance and a preference for small-cap exposure.
Similar ETFs
Sources and Disclaimers
Data Sources:
- Defiance ETFs website
- ETF.com
- Morningstar
Disclaimers:
The data provided is for informational purposes only and should not be considered investment advice. Investment decisions should be based on individual circumstances and risk tolerance. Market share data is estimated and may not be precise.
AI Summarization is directionally correct and might not be accurate.
Summarized information shown could be a few years old and not current.
Fundamental Rating based on AI could be based on old data.
AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.
About Tidal Trust II
Exchange NYSE ARCA | Headquaters - | ||
IPO Launch date - | CEO - | ||
Sector - | Industry - | Full time employees - | Website |
Full time employees - | Website | ||
The fund is an actively managed exchange-traded fund ("ETF") that seeks current income while maintaining the opportunity for indirect exposure to the value of the index, subject to a limit on potential gains from increases in the value of the index. The fund is non-diversified.
Note: This website is maintained by Upturn Corporation, which is an investment adviser registered with the U.S. Securities and Exchange Commission. Such registration does not imply a certain level of skill or training. Investing in securities has risks. Past performance is no guarantee of future returns. No assurance is provided as to any particular investment return, and you may lose money using our services. You are strongly advised to consult appropriate counsel before making any investments in companies you learn about through our services. You should obtain appropriate legal, tax, investment, accounting, and other advice that takes into account your investment portfolio and overall financial situation. You are solely responsible for conducting due diligence on a potential investment. We do not affect trades for you. You will select your own broker through which to transact. Investments are not FDIC insured, they are not guaranteed, and they may lose value. Please see the Privacy Policy, Terms of Use, and Disclosure for more information.