Defiance S&P 500 Enhanced Options 0DTE Income (JEPY) ETF Holdings & Analysis

What JEPY does

JEPY is an actively managed exchange-traded fund designed to generate regular income, paid out monthly, through a specialized put-write strategy focused on the S&P 500 Index. Investors should note that any income distributions from JEPY are subject to ordinary income tax rates, which are typically higher than capital gains rates. Its core strategy involves the daily sale of S&P 500 Index put options. These options are typically struck either at-the-money or up to 5% in-the-money and are structured to expire on the very next trading day (0DTE). Profitability primarily arises when the S&P 500 Index experiences an upward movement. It's important to understand that the fund does not employ defensive tactics during market downturns and, conversely, does not fully capture the S&P 500 Index's upside appreciation. Notably, JEPY stands as the pioneer put-write ETF to incorporate daily-expiring S&P 500 options. Consequently, its risk and return profile are subject to daily fluctuations. A substantial portion of its assets is allocated to short-term U.S. Treasury securities, which function as collateral for the sold put options.

Fund profile

Geographic allocation

PortView Portfolio Insights

PortView analyzes how JEPY fits your actual portfolio — position weight, ETF overlap with your other funds, sector and geographic exposure, concentration, and how this fund contributes to your portfolio risk and return. Connect a portfolio to see your personalized figures; PortView never shows another user's private holdings.

Related securities

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Frequently asked questions

What does JEPY track?

JEPY is the Defiance S&P 500 Enhanced Options 0DTE Income ETF, a Other ETF.

What is the expense ratio of JEPY?

Expense ratio data for JEPY is shown on the page when available from our data provider.

What are the largest holdings in JEPY?

JEPY's top holdings are listed on this page when available.

How can PortView analyze JEPY overlap with other ETFs?

PortView computes the holdings overlap between JEPY and the other ETFs and stocks you own, plus your combined sector and geographic exposure, so you can see true diversification.