TENDvsPBPETF Comparison
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iShares Large Cap 10% Target Buffer Dec ETF (TEND) and Invesco S&P 500 BuyWrite ETF (PBP) belong to the same industry segment: Options Strategies. Both ETFs have the same top 3 sector exposures: Technology, Finance and Healthcare. TEND is more expensive with a Total Expense Ratio (TER) of 0.53%, versus 0.29% for PBP. TEND is up 9.5% year-to-date (YTD) with +$38M in YTD flows. PBP performs worse with 9.37% YTD performance, and +$43M in YTD flows. Run a side-by-side ETF comparison of TEND and PBP 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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TEND vs PBP performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 09/01/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | TEND PBP | +0.79%+0.67% | +1.97%+4.12% | +9.50%+9.37% | n/a+18.78% | n/a+43.66% | n/a+46.46% |
| Flows | TEND PBP | +$1M+$21M | +$5M+$30M | +$38M+$43M | -+$73M | -+$272M | -+$203M |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | TEND PBP | +7.74%+6.76% | n/a+7.16% | n/a+10.31% | n/a+11.35% |
| Max drawdown | TEND PBP | -2.39%-2.03% | n/a-5.24% | n/a-15.51% | n/a-18.35% |
| Max drawdown duration | TEND PBP | 30d8d | n/a63d | n/a240d | n/a679d |
Trading data
TEND | PBP | |
Last sale 9/1/2026 at 1:30 PM | $27.81 | $23.20 |
| Previous close 09/01/2026 | $27.94 | $23.30 |
| Consolidated volume 09/01/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
Replication quality
Data as of August 31, 2026
1-year trailing difference
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TEND
is actively managed and doesn’t replicate an indexTEND | PBP | |
|---|---|---|
| Tracking error | ||
| Tracking difference | ||
| 1 year cumulative return difference | ||
| Best | ||
| Worst | ||
| Daily return difference | ||
| Average | ||
| Worst | ||
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Main metrics
Last update 9/1/2026 at 1:30 PM
Live
Closed
TEND | PBP | |
|---|---|---|
| Last price | $27.81 | $23.20 |
| 1D performance | -0.47% | -0.43% |
| AuM | $71.22 M | $379.72 M |
| E/R | 0.53% | 0.29% |
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Exposure
Countries
TEND
USA
96.9%
Other
3.1%
PBP
USA
97.04%
Other
2.96%
Sectors
TEND
Technology
44.5%
Finance
13.94%
Healthcare
8.94%
Consumer Non-Cycl.
8.89%
Industrials
7.55%
Other
16.19%
PBP
Technology
44.19%
Finance
14.31%
Healthcare
9.37%
Consumer Non-Cycl.
9.14%
Industrials
7.65%
Other
15.35%
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Diversification
TEND
Total weight of top 15 holdings out of 15
43.45%
PBP
Total weight of top 15 holdings out of 15
43.4%
Top 15 holdings
Data as of July 31, 2026
TEND
Apple, Inc.
7.60%
NVIDIA Corp.
7.33%
Microsoft Corp.
5.20%
Amazon.com, Inc.
3.58%
Alphabet, Inc.
3.04%
Broadcom Inc.
2.85%
Alphabet, Inc.
2.45%
Meta Platforms, Inc.
1.84%
Micron Technology, Inc.
1.53%
JPMorgan Chase & Co.
1.46%
Berkshire Hathaway, Inc.
1.45%
Eli Lilly & Co.
1.42%
Tesla, Inc.
1.35%
Advanced Micro Devices, Inc.
1.23%
BlackRock Cash Funds - Treasury
1.11%
PBP
Apple, Inc.
7.95%
NVIDIA Corp.
7.36%
Microsoft Corp.
4.64%
Amazon.com, Inc.
3.55%
Alphabet, Inc.
3.16%
Broadcom Inc.
2.80%
Alphabet, Inc.
2.54%
Meta Platforms, Inc.
2.06%
Eli Lilly & Co.
1.53%
Berkshire Hathaway, Inc.
1.49%
JPMorgan Chase & Co.
1.48%
Tesla, Inc.
1.34%
Micron Technology, Inc.
1.33%
Advanced Micro Devices, Inc.
1.12%
US30233Q1085
1.04%
Frequently asked questions about TEND and PBP
How have the TEND and PBP ETFs performed in 2026?
As of September 1, 2026, TEND is up 9.5% year-to-date (YTD), while PBP has returned 9.37%. That puts TEND better performer ahead so far this year.
Which ETF is attracting more investor money: TEND or PBP?
Year-to-date, the TEND ETF saw +$38M in flows, compared to +$43M for PBP.
Which ETF is bigger: TEND or PBP?
As of September 1, 2026, TEND holds $71.22 M in assets under management (AUM), while PBP manages $379.72 M.
What sectors do the TEND and PBP ETFs invest in?
TEND leans toward sectors like Technology, Finance and Healthcare. Meanwhile, PBP focuses on Technology, Finance and Healthcare.
What are the top holdings of the TEND ETF and PBP ETF?
TEND top holdings include Apple, Inc., NVIDIA Corp. and Microsoft Corp.. PBP holds in its top three: Apple, Inc., NVIDIA Corp. and Microsoft Corp..
Which ETF is more diversified: TEND or PBP?
TEND holds 504 securities with 43.45% of its assets in the top 15. PBP has 503 securities and a top 15 weight of 43.4%.
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Latest news about TEND & PBP
How Covered Call ETFs Evolved Through the Years
August 12, 2026
PBP
Options Strategies in ETFs, Part 1: A Grand Overview
November 1, 2023
PBP
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