TENMvsSHDGETF Comparison
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iShares Large Cap 10% Target Buffer Mar ETF (TENM) and Soundwatch Hedged Equity ETF (SHDG) belong to the same industry segment: Options Strategies. Both ETFs have the same top 3 sector exposures: Technology, Finance and Consumer Non-Cyclicals. TENM is less expensive with a Total Expense Ratio (TER) of 0.53%, versus 1.01% for SHDG. TENM is up 6.43% year-to-date (YTD) with -$139M in YTD flows. SHDG performs worse with 1.16% YTD performance, and -$7M in YTD flows. Run a side-by-side ETF comparison of TENM and SHDG 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 SHDG performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 07/17/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | TENM SHDG | +0.77%+0.08% | +3.06%+2.05% | +6.43%+1.16% | n/a+8.71% | n/a+37.31% | n/an/a |
| Flows | TENM SHDG | -$2M-$3M | -$5M-$6M | -$139M-$7M | --$10M | -+$8M | -- |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | TENM SHDG | +5.71%+3.56% | n/a+7.42% | n/a+10.42% | n/an/a |
| Max drawdown | TENM SHDG | -1.82%-1.10% | n/a-6.58% | n/a-15.48% | n/an/a |
| Max drawdown duration | TENM SHDG | 10d2d | n/a150d | n/a153d | n/an/a |
Trading data
TENM | SHDG | |
Last sale 7/17/2026 at 1:30 PM | $27.05 | $32.68 |
| Previous close 07/16/2026 | $27.13 | $32.88 |
| Consolidated volume 07/16/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
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Main metrics
Last update 7/17/2026 at 1:30 PM
Live
Closed
TENM | SHDG | |
|---|---|---|
| Last price | $27.05 | $32.68 |
| 1D performance | -0.31% | -0.61% |
| AuM | $45.42 M | $160.73 M |
| E/R | 0.53% | 1.01% |
Characteristics
TENM | SHDG | |
|---|---|---|
| Management strategy | Active | Active |
| Provider | iShares | Soundwatch Capital |
| Benchmark | - | - |
| N° of holdings | 501 | 501 |
| Asset class | - | - |
| Trailing 12m distribution yield | Join | Join |
| Inception date | October 21, 2025 | October 24, 2022 |
| ESG | No | No |
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Exposure
Countries
TENM
USA
103.48%
Other
-3.48%
SHDG
USA
104.38%
Other
-4.38%
Sectors
TENM
Technology
49.19%
Finance
13.28%
Consumer Non-Cycl.
9.66%
Healthcare
8.52%
Industrials
7.97%
Other
11.38%
SHDG
Technology
49.96%
Finance
13.49%
Consumer Non-Cycl.
9.81%
Healthcare
8.65%
Industrials
8.09%
Other
9.99%
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Diversification
TENM
Total weight of top 15 holdings out of 15
47.63%
SHDG
Total weight of top 15 holdings out of 15
48.37%
Top 15 holdings
Data as of May 31, 2026
TENM
NVIDIA Corp.
8.28%
Apple, Inc.
7.40%
Microsoft Corp.
5.40%
Amazon.com, Inc.
4.27%
Alphabet, Inc.
3.58%
Broadcom Inc.
3.42%
Alphabet, Inc.
2.84%
Meta Platforms, Inc.
2.23%
Tesla, Inc.
1.98%
Micron Technology, Inc.
1.76%
Eli Lilly & Co.
1.41%
Berkshire Hathaway, Inc.
1.40%
Advanced Micro Devices, Inc.
1.36%
JPMorgan Chase & Co.
1.30%
Exxon Mobil Corp.
0.98%
SHDG
NVIDIA Corp.
8.41%
Apple, Inc.
7.51%
Microsoft Corp.
5.48%
Amazon.com, Inc.
4.34%
Alphabet, Inc.
3.63%
Broadcom Inc.
3.47%
Alphabet, Inc.
2.89%
Meta Platforms, Inc.
2.27%
Tesla, Inc.
2.01%
Micron Technology, Inc.
1.79%
Eli Lilly & Co.
1.44%
Berkshire Hathaway, Inc.
1.43%
Advanced Micro Devices, Inc.
1.38%
JPMorgan Chase & Co.
1.32%
Exxon Mobil Corp.
1.00%
Frequently asked questions about TENM and SHDG
How have the TENM and SHDG ETFs performed in 2026?
As of July 17, 2026, TENM is up 6.43% year-to-date (YTD), while SHDG has returned 1.16%. That puts TENM better performer ahead so far this year.
Which ETF is attracting more investor money: TENM or SHDG?
Year-to-date, the TENM ETF saw -$139M in flows, compared to -$7M for SHDG.
Which ETF is bigger: TENM or SHDG?
As of July 17, 2026, TENM holds $45.42 M in assets under management (AUM), while SHDG manages $160.73 M.
What sectors do the TENM and SHDG ETFs invest in?
TENM leans toward sectors like Technology, Finance and Consumer Non-Cyclicals. Meanwhile, SHDG focuses on Technology, Finance and Consumer Non-Cyclicals.
What are the top holdings of the TENM ETF and SHDG ETF?
TENM top holdings include NVIDIA Corp., Apple, Inc. and Microsoft Corp.. SHDG holds in its top three: NVIDIA Corp., Apple, Inc. and Microsoft Corp..
Which ETF is more diversified: TENM or SHDG?
TENM holds 504 securities with 47.63% of its assets in the top 15. SHDG has 504 securities and a top 15 weight of 48.37%.
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