{"url":"https://etfiq.com/compare/buffer/dmax-vs-tend","section":"compare","title":"DMAX vs TEND: which one stands where? | ETFIQ","description":"As of Oct 1, 2026 DMAX can gain 1.8% before its cap and TEND 5.5%. Each can fall 4.7% and 9.7% before its buffer engages, on IVV.","as_of":"Oct 1, 2026","structured_data":[{"@type":"FAQPage","mainEntity":[{"@type":"Question","name":"Which has more room to gain, DMAX or TEND?","acceptedAnswer":{"@type":"Answer","text":"From their prices on Oct 1, 2026, DMAX can gain about 1.8% before its cap and TEND about 5.5%, so TEND has more room left this period."}},{"@type":"Question","name":"Which resets first, DMAX or TEND?","acceptedAnswer":{"@type":"Answer","text":"DMAX ends its outcome period on Dec 31, 2026 and TEND on Dec 31, 2026. A new cap is set the day after each."}},{"@type":"Question","name":"Which is cheaper, DMAX or TEND?","acceptedAnswer":{"@type":"Answer","text":"DMAX charges 0.50% a year and TEND charges 0.50%, so DMAX is cheaper. Fees come from each fund's prospectus."}}]},{"@type":"BreadcrumbList","itemListElement":[{"@type":"ListItem","position":1,"name":"ETFIQ","item":"https://etfiq.com/"},{"@type":"ListItem","position":2,"name":"Buffer ETFs","item":"https://etfiq.com/buffer/"},{"@type":"ListItem","position":3,"name":"DMAX vs TEND","item":"https://etfiq.com/compare/buffer/dmax-vs-tend"}]},{"@type":"WebPage","name":"DMAX vs TEND: which one stands where?","description":"As of Oct 1, 2026 DMAX can gain 1.8% before its cap and TEND 5.5%. Each can fall 4.7% and 9.7% before its buffer engages, on IVV.","url":"https://etfiq.com/compare/buffer/dmax-vs-tend","dateModified":"2026-10-01","abstract":"As of Oct 1, 2026 TEND can fall 9.7% before its buffer engages and DMAX 4.7%.","publisher":{"@id":"https://etfiq.com/#org"},"isPartOf":{"@id":"https://etfiq.com/#website"},"speakable":{"@type":"SpeakableSpecification","cssSelector":[".verdict",".faq"]}},{"@type":"Dataset","name":"ETFIQ comparison of DMAX and TEND","description":"As of Oct 1, 2026 DMAX can gain 1.8% before its cap and TEND 5.5%. Each can fall 4.7% and 9.7% before its buffer engages, on IVV.","dateModified":"2026-10-01","creator":{"@id":"https://etfiq.com/#org"},"isAccessibleForFree":true,"url":"https://etfiq.com/compare/buffer/dmax-vs-tend","license":"https://etfiq.com/standards/","publisher":{"@id":"https://etfiq.com/#org"},"inLanguage":"en","creativeWorkStatus":"Published","distribution":[{"@type":"DataDownload","encodingFormat":"application/json","contentUrl":"https://etfiq.com/data/funds.json"}],"variableMeasured":["Remaining cap","Fall before the buffer engages","Protection left in index points","Starting buffer","Outcome period","Reference index return","Fund return","Days remaining","Expense ratio"],"keywords":["exchange-traded funds","ETF","Buffer ETFs","fund data","SEC filings"]}],"characters":5674,"truncated":true,"content":"ETFIQ / Buffer ETFs / Head to head / DMAX vs TEND \n ETFIQ etfiq.com \u00b7 independent ETF data \n\n Data as of Oct 1, 2026 .\n\n DMAX vs TEND: which one stands where?\n\n As of Oct 1, 2026 TEND can fall 9.7% before its buffer engages and DMAX 4.7%.\n Copy this for sharing \n \n iShares Large Cap Max Buffer Dec ETF and iShares Large Cap 10% Target Buffer Dec ETF.\n\n Download as PDF \n\n 4.7% DMAX can fall this far before its buffer \n 9.7% TEND can fall this far before its buffer \n 1.8% DMAX can still gain \n 5.5% TEND can still gain \n\n DMAX At its cap [DMAX: reference +11.8% since period start, fund \u00b7; buffer \u2212","source":"ETFIQ, independent ETF data. Recomputed nightly from public filings and prices.","publisher":{"@id":"https://etfiq.com/#org","name":"ETFIQ","url":"https://etfiq.com"},"license":"https://etfiq.com/license/","citation":"ETFIQ, as of Oct 1, 2026. https://etfiq.com/compare/buffer/dmax-vs-tend","a":{"ticker":"DMAX","name":"iShares Large Cap Max Buffer Dec ETF","issuer":"iShares","desk":"buffer","as_of":"2026-09-30","verdict":"As of Sep 30, 2026, DMAX has reached its cap.","url":"https://etfiq.com/funds/dmax","key_facts":[{"label":"Past the cap, price drift left","value":"1.8%","as_of":"2026-09-30","source":null},{"label":"Fall before the buffer","value":"4.7%","as_of":"2026-09-30","source":null},{"label":"Protection left, index points","value":"99.5%","as_of":"2026-09-30","source":null},{"label":"Days to reset","value":"92","as_of":"2026-09-30","source":null},{"label":"Net assets","value":"$137m","as_of":"2026-09-30","source":"the issuer\u2019s own daily fund list, as of Sep 30, 2026"},{"label":"Expense ratio","value":"0.50%","as_of":"2026-09-30","source":"issuer page, Sep 30, 2026"}]},"b":{"ticker":"TEND","name":"iShares Large Cap 10% Target Buffer Dec ETF","issuer":"iShares","desk":"buffer","as_of":"2026-09-30","verdict":"As of Sep 30, 2026, TEND is between its buffer and cap, with IVV up 11.8% from 684.94, where both were set.","url":"https://etfiq.com/funds/tend","key_facts":[{"label":"Can still gain","value":"5.5%","as_of":"2026-09-30","source":null},{"label":"Fall before the buffer","value":"9.7%","as_of":"2026-09-30","source":null},{"label":"Protection left, index points","value":"9.5%","as_of":"2026-09-30","source":null},{"label":"Days to reset","value":"92","as_of":"2026-09-30","source":null},{"label":"Net assets","value":"$72m","as_of":"2026-09-30","source":"the issuer\u2019s own daily fund list, as of Sep 30, 2026"},{"label":"Expense ratio","value":"0.50%","as_of":"2026-09-30","source":"issuer page, Sep 30, 2026"}]},"overlap_pct":null,"overlap_note":"ETFIQ does not publish a holdings overlap for this pair. Either the funds are not compared on holdings, or one book is incomplete.","full_text_at":"https://etfiq.com/compare/buffer/dmax-vs-tend"}