SPYTvsPEPSETF Comparison
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Defiance S&P 500 Target Income ETF (SPYT) and Parametric Equity Plus ETF (PEPS) belong to the same industry segment: Options Strategies. Both ETFs have the same top 3 sector exposures: Technology, Finance and Consumer Non-Cyclicals. SPYT is more expensive with a Total Expense Ratio (TER) of 0.92%, versus 0.29% for PEPS. SPYT is up 8.62% year-to-date (YTD) with +$23M in YTD flows. PEPS performs better with 9.75% YTD performance, and +$2M in YTD flows. Run a side-by-side ETF comparison of SPYT and PEPS below, and assess how they stack up in performance, liquidity, risk, exposure, holdings, and more, helping you select the best ETF for your investments.
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SPYT vs PEPS performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 07/30/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | SPYT PEPS | -0.28%-0.09% | +2.85%+5.50% | +8.62%+9.75% | +15.34%+21.24% | n/an/a | n/an/a |
| Flows | SPYT PEPS | +$8M- | +$9M+$2M | +$23M+$2M | +$52M+$2M | -- | -- |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | SPYT PEPS | +12.65%+14.80% | +11.71%+14.28% | n/an/a | n/an/a |
| Max drawdown | SPYT PEPS | -4.34%-5.00% | -7.87%-9.84% | n/an/a | n/an/a |
| Max drawdown duration | SPYT PEPS | 58d42d | 70d80d | n/an/a | n/an/a |
Trading data
SPYT | PEPS | |
Last sale 7/31/2026 at 1:36 PM | $17.27 | $32.09 |
| Previous close 07/30/2026 | $16.94 | $31.48 |
| Consolidated volume 07/30/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
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Main metrics
Last update 7/31/2026 at 1:36 PM
Live
Closed
SPYT | PEPS | |
|---|---|---|
| Last price | $17.27 | $32.09 |
| 1D performance | +1.95% | +1.95% |
| AuM | $154.14 M | $28.86 M |
| E/R | 0.92% | 0.29% |
Characteristics
SPYT | PEPS | |
|---|---|---|
| Management strategy | Active | Active |
| Provider | Defiance ETFs | Morgan Stanley |
| Benchmark | - | - |
| N° of holdings | 497 | 172 |
| Asset class | - | - |
| Trailing 12m distribution yield | Join | Join |
| Inception date | March 5, 2024 | November 7, 2024 |
| ESG | No | No |
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Exposure
Countries
SPYT
USA
97.09%
Other
2.91%
PEPS
USA
96.83%
Other
3.17%
Sectors
SPYT
Technology
45.57%
Finance
13.09%
Consumer Non-Cycl.
8.73%
Healthcare
8.63%
Industrials
7.91%
Other
16.07%
PEPS
Technology
43.84%
Finance
12.82%
Consumer Non-Cycl.
8.89%
Healthcare
8.42%
Other
26.02%
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Diversification
SPYT
Total weight of top 15 holdings out of 15
42.91%
PEPS
Total weight of top 15 holdings out of 15
47.67%
Top 15 holdings
Data as of June 30, 2026
SPYT
NVIDIA Corp.
7.47%
Apple, Inc.
6.55%
Microsoft Corp.
4.27%
Amazon.com, Inc.
3.60%
Alphabet, Inc.
3.23%
Broadcom Inc.
2.76%
Alphabet, Inc.
2.58%
Micron Technology, Inc.
2.01%
Meta Platforms, Inc.
1.91%
Tesla, Inc.
1.83%
Eli Lilly & Co.
1.46%
Advanced Micro Devices, Inc.
1.46%
Berkshire Hathaway, Inc.
1.41%
JPMorgan Chase & Co.
1.35%
Intel Corp.
1.02%
PEPS
NVIDIA Corp.
6.75%
Apple, Inc.
6.37%
Morgan Stanley Instl. Liquidity Funds - Government Portfolio
4.73%
Microsoft Corp.
4.13%
Amazon.com, Inc.
3.43%
Alphabet, Inc.
3.13%
Broadcom Inc.
2.82%
Alphabet, Inc.
2.78%
Micron Technology, Inc.
2.72%
Advanced Micro Devices, Inc.
2.12%
Meta Platforms, Inc.
1.90%
Tesla, Inc.
1.86%
Eli Lilly & Co.
1.80%
JPMorgan Chase & Co.
1.62%
Lam Research Corp.
1.51%
Frequently asked questions about SPYT and PEPS
How have the SPYT and PEPS ETFs performed in 2026?
As of July 30, 2026, SPYT is up 8.62% year-to-date (YTD), while PEPS has returned 9.75%. That puts PEPS better performer ahead so far this year.
Which ETF is attracting more investor money: SPYT or PEPS?
Year-to-date, the SPYT ETF saw +$23M in flows, compared to +$2M for PEPS.
Which ETF is more volatile: SPYT or PEPS?
Over the past year, SPYT had a volatility of 11.71%, while PEPS experienced 14.28%.
Which ETF is bigger: SPYT or PEPS?
As of July 30, 2026, SPYT holds $154.14 M in assets under management (AUM), while PEPS manages $28.86 M.
What sectors do the SPYT and PEPS ETFs invest in?
SPYT leans toward sectors like Technology, Finance and Consumer Non-Cyclicals. Meanwhile, PEPS focuses on Technology, Finance and Consumer Non-Cyclicals.
What are the top holdings of the SPYT ETF and PEPS ETF?
SPYT top holdings include NVIDIA Corp., Apple, Inc. and Microsoft Corp.. PEPS holds in its top three: NVIDIA Corp., Apple, Inc. and Morgan Stanley Instl. Liquidity Funds - Government Portfolio.
Which ETF is more diversified: SPYT or PEPS?
SPYT holds 504 securities with 42.91% of its assets in the top 15. PEPS has 175 securities and a top 15 weight of 47.67%.
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