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TENMvsHCMTETF Comparison

ETF 1

TENM

iShares Large Cap 10% Target Buffer Mar ETF

This fund is part of

Options Strategies

+0.3%

Full TENM fund page

VS

ETF 2

HCMT

Direxion HCM Tactical Enhanced US ETF

This fund is part of

Alternatives

+0.28%

Full HCMT fund page

iShares Large Cap 10% Target Buffer Mar ETF (TENM) belongs to the Options Strategies segment. Direxion HCM Tactical Enhanced US ETF (HCMT) is part of the Alternatives segment. TENM's top 3 sector exposures are Technology, Finance and Healthcare. In contrast, HCMT's top sector exposures are Technology, Finance and Consumer Non-Cyclicals. TENM is less expensive with a Total Expense Ratio (TER) of 0.53%, versus 1.18% for HCMT. TENM is up 8.87% year-to-date (YTD) with -$139M in YTD flows. HCMT performs worse with 5.99% YTD performance, and -$20M in YTD flows. Run a side-by-side ETF comparison of TENM and HCMT 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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TENM vs HCMT performance and flow charts

Performance

Cumulative Flows

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Daily, global ETF data for advanced analysis or integration into apps (API), from our partner Trackinsight.

Data Services

Historic performance and flows

Data as of 09/02/2026

		1M	3M	YTD	1Y	3Y	5Y
Perf.	TENM HCMT	+1.12%+2.10%	+2.37%-5.48%	+8.87%+5.99%	n/a+20.51%	n/a+60.43%	n/an/a
Flows	TENM HCMT	--$921K	-$2M-$11M	-$139M-$20M	--$5M	-+$233M	--

Volatility and drawdown

		3M	1Y	3Y	5Y
Volatility	TENM HCMT	+5.86%+36.84%	n/a+28.41%	n/a+29.50%	n/an/a
Max drawdown	TENM HCMT	-1.82%-15.61%	n/a-15.61%	n/a-36.18%	n/an/a
Max drawdown duration	TENM HCMT	10d92d	n/a92d	n/a246d	n/an/a

Trading data

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	TENM	HCMT
Last sale 9/3/2026 at 1:46 PM	$27.65	$40.91
Previous close 09/02/2026	$27.65	$40.69
Consolidated volume 09/02/2026
Average volume 30 days
Average discount or premium 30 days
Average Bid/Ask spread 30 days

Main metrics

Last update 9/3/2026 at 1:46 PM

Live

Closed

	TENM	HCMT
Last price	$27.65	$40.91
1D performance	+0.00%	+0.54%
AuM	$46.47 M	$590.95 M
E/R	0.53%	1.18%

Characteristics

	TENM	HCMT
Management strategy	Active	Active
Provider	iShares	Direxion
Benchmark	-	-
N° of holdings	496	495
Asset class	-	-
Trailing 12m distribution yield	Join	Join
Inception date	October 21, 2025	June 22, 2023
ESG	No	No

More TENM data on Trackinsight

More HCMT data on Trackinsight

Exposure

Countries

TENM

USA

99.82%

Other

0.18%

HCMT

USA

81.84%

Other

18.16%

Sectors

TENM

Technology

45.93%

Finance

14.38%

Healthcare

9.22%

Consumer Non-Cycl.

9.17%

Industrials

7.79%

Other

13.51%

HCMT

Technology

37.93%

Finance

11.79%

Consumer Non-Cycl.

7.98%

Healthcare

7.54%

Other

34.76%

Diversification

TENM

Total weight of top 15 holdings out of 15

44.73%

HCMT

Total weight of top 15 holdings out of 15

37.35%

Top 15 holdings

Data as of July 31, 2026

TENM

Apple, Inc.

7.85%

NVIDIA Corp.

7.57%

Microsoft Corp.

5.37%

Amazon.com, Inc.

3.69%

Alphabet, Inc.

3.13%

Broadcom Inc.

2.94%

Alphabet, Inc.

2.53%

Meta Platforms, Inc.

1.90%

Micron Technology, Inc.

1.58%

JPMorgan Chase & Co.

1.51%

Berkshire Hathaway, Inc.

1.50%

Eli Lilly & Co.

1.46%

Tesla, Inc.

1.39%

Advanced Micro Devices, Inc.

1.27%

US30233Q1085

1.04%

HCMT

NVIDIA Corp.

6.40%

Apple, Inc.

5.98%

Microsoft Corp.

4.55%

Amazon.com, Inc.

3.50%

Alphabet, Inc.

2.75%

Broadcom Inc.

2.43%

Alphabet, Inc.

2.22%

Meta Platforms, Inc.

1.61%

JPMorgan Chase & Co.

1.24%

Berkshire Hathaway, Inc.

1.23%

Micron Technology, Inc.

1.22%

Eli Lilly & Co.

1.20%

Tesla, Inc.

1.15%

Advanced Micro Devices, Inc.

1.02%

US30233Q1085

0.85%

Frequently asked questions about TENM and HCMT

How have the TENM and HCMT ETFs performed in 2026?

As of September 2, 2026, TENM is up 8.87% year-to-date (YTD), while HCMT has returned 5.99%. That puts TENM better performer ahead so far this year.

Which ETF is attracting more investor money: TENM or HCMT?

Year-to-date, the TENM ETF saw -$139M in flows, compared to -$20M for HCMT.

Which ETF is bigger: TENM or HCMT?

As of September 2, 2026, TENM holds $46.47 M in assets under management (AUM), while HCMT manages $590.95 M.

What sectors do the TENM and HCMT ETFs invest in?

TENM leans toward sectors like Technology, Finance and Healthcare. Meanwhile, HCMT focuses on Technology, Finance and Consumer Non-Cyclicals.

What are the top holdings of the TENM ETF and HCMT ETF?

TENM top holdings include Apple, Inc., NVIDIA Corp. and Microsoft Corp.. HCMT holds in its top three: NVIDIA Corp., Apple, Inc. and Microsoft Corp..

Which ETF is more diversified: TENM or HCMT?

TENM holds 504 securities with 44.73% of its assets in the top 15. HCMT has 503 securities and a top 15 weight of 37.35%.

Episode 8: Laura Morrison, Chief Revenue Officer at Direxion

July 25, 2023

HCMT

TENMvsHCMTETF Comparison

iShares Large Cap 10% Target Buffer Mar ETF

Direxion HCM Tactical Enhanced US ETF

TENM vs HCMT performance and flow charts

Performance

Cumulative Flows

Get all the metrics on this page, and more, through a reliable ETF data feed

Countries

Sectors

Diversification

Top 15 holdings

How have the TENM and HCMT ETFs performed in 2026?

As of September 2, 2026, TENM is up 8.87% year-to-date (YTD), while HCMT has returned 5.99%. That puts TENM better performer ahead so far this year.

Which ETF is attracting more investor money: TENM or HCMT?

Year-to-date, the TENM ETF saw -$139M in flows, compared to -$20M for HCMT.

Which ETF is bigger: TENM or HCMT?

As of September 2, 2026, TENM holds $46.47 M in assets under management (AUM), while HCMT manages $590.95 M.

What sectors do the TENM and HCMT ETFs invest in?

TENM leans toward sectors like Technology, Finance and Healthcare. Meanwhile, HCMT focuses on Technology, Finance and Consumer Non-Cyclicals.

What are the top holdings of the TENM ETF and HCMT ETF?

TENM top holdings include Apple, Inc., NVIDIA Corp. and Microsoft Corp.. HCMT holds in its top three: NVIDIA Corp., Apple, Inc. and Microsoft Corp..

Which ETF is more diversified: TENM or HCMT?

TENM holds 504 securities with 44.73% of its assets in the top 15. HCMT has 503 securities and a top 15 weight of 37.35%.

Episode 8: Laura Morrison, Chief Revenue Officer at Direxion

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