DECZOverviewDividendsCompare

DECZ TrueShares Structured Outcome (December) ETF

Absorbs the first 10% of loss on SPX and does not cap the gain, over a period ending Nov 30, 2026TrueShares0.79% fee$37m on Oct 19, 2026Fund page at the issuer ↗SEC filings ↗Every TrueShares fund ETFIQ coversDividend history

Since Dec 1, 2025, DECZ returned 17.3%, against 13.3% for SPX. It can fall 12.2% before its buffer.

uncapped
Can still gain from today’s fund price
Report
12.2%
Fall before the buffer from today’s fund price
Report
10.0%
Protection left, index points
Report
42
Days to reset
Report

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Price and total return, 1 year

$44.07+0.2%1 day, priceClose, Oct 20, 2026

Total return adds every distribution, reinvested. Computed by ETFIQ from Tiingo daily prices.

Source: Tiingo end-of-day prices. Data as of Oct 20, 2026. Updated every trading night. Report a data error

No cap
No capDECZ: reference +13.3% since period start, fund +17.3%; buffer 0 to −10; no cap; No cap. Figures to Oct 19, 2026.10 pts of buffer+13.3% gained, no cap−10.0% floor0% period startno capTODAY · SPX +13.3%No capDECZ: reference +13.3% since period start, fund +17.3%; buffer 0 to −10; no cap; No cap. Figures to Oct 19, 2026.10 pts−10.0% floor0% startno cap+13.3% gained, no capTODAY · SPX +13.3%

DECZ: reference +13.3% since period start, fund +17.3%; buffer 0 to −10; no cap; No cap. Figures to Oct 19, 2026.

11.1
IQ Buffer ScoreETFIQ Downside Cover Score260th of 292 · Oct 20, 2026
0.2 · lowest of 292 buffer ETFs on stocks with a live outcome period99.8 · highest

How much of a bear-market fall the buffer would absorb from today's level, ranked against 292 buffer ETFs on stocks with a live outcome period. 100 is best. How it is computed

DECZ absorbs 39% of the next 20% fall in what it tracks.

share of a 20% fall the buffer absorbs38.9% · 11th pct
All 292 ranked by this score →
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Points (pts) are percentage points.

DECZ returns by window: total return, cash paid and price change
WindowTotal returnSPX price returnGap to SPX
1M Sep 18 – Oct 20, 2026+0.6%+1.0%−0.4 pts
3M Jul 21 – Oct 20, 2026+1.9%+2.8%−0.9 pts
6M Apr 21 – Oct 20, 2026+6.9%+9.2%−2.3 pts
YTD Dec 31, 2025 – Oct 20, 2026+9.4%+12.8%−3.3 pts
1Y Oct 20, 2025 – Oct 20, 2026+10.9%+14.6%−3.7 pts
3Y Oct 20, 2023 – Oct 20, 2026+59.8%+82.6%−22.8 pts
5Y Oct 21, 2021 – Oct 20, 2026+62.8%+69.5%−6.7 pts
Since launch Dec 1, 2020 – Oct 20, 2026+92.3%+110.1%−17.8 pts
Since launch, annualised Dec 1, 2020 – Oct 20, 2026+11.7%––

Total return at closing prices, distributions reinvested. SPX's column is its price return, dividends left out: the basis the outcome period uses. Year to date runs from the last close of the year before. Annualised is the steady yearly rate that gives the since-launch total over the same days. Source: ETFIQ.

Source: Tiingo end-of-day prices, with distributions reinvested. Data as of Oct 20, 2026. Updated every trading night. Report a data error

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If the market falls into a bear market from here, how much does the buffer absorb?

Share of a 20% fall the buffer absorbs
TJUN 0.0%QBQV 10.0%QBKV 21.2%TSEP 22.4%DNOV 23.6%EBUF 24.0%QBIV 24.0%PQV 25.0%QBSV 25.0%UNOV 26.2%EMJN 26.7%SCJL 28.2%UDEC 30.6%DDEC 32.5%SCAU 32.9%DMAR 33.5%SNOV 33.5%QJN 33.6%KJUL 33.9%QJUN 34.4%SAUG 34.7%QMNV 34.8%FNOV 34.9%, and 1 more at this point: QBUF 35.0%QMAR 35.7%UJAN 36.4%UAPR 36.6%TDEC 36.8%FHDG 37.5%ARLU 37.6%EJUL 37.8%DJAN 38.2%QDEC 39.7%DFEB 40.0%PQAP 40.4%APRZ 40.6%NNOV 40.7%UMAR 40.8%, and 1 more at this point: UFEB 41.0%BNOV 42.4%NVBT 42.4%TENM 43.3%TMAR 43.4%NOVP 43.6%BAPR 43.8%KSEP 44.1%NDEC 44.1%BDEC 44.3%, and 1 more at this point: SCJN 44.4%FMAR 44.5%, and 2 more at this point: PQJA 44.6%, DECT 44.7%BAUG 45.0%, and 8 more at this point: BJUL 45.0%, BJUN 45.0%, BMAR 45.0%, BMAY 45.0%, BOCT 45.0%, BSEP 45.0%, GNOV 45.0%, PQOC 45.0%BFEB 45.0%BJAN 45.0%QJL 45.3%, and 2 more at this point: KNOV 45.5%, APRT 45.6%PNOV 45.8%RBUF 46.2%NAPR 47.0%PQJL 47.2%QSPT 47.2%STEN 47.5%, and 3 more at this point: TEND 47.5%, TENJ 47.5%, DECP 47.6%JANT 48.2%DAPR 48.3%FDEC 48.4%APRP 48.5%, and 2 more at this point: KAUG 48.5%, RSMR 48.6%EOCT 49.0%IBUF 49.0%KJUN 49.8%NJAN 49.9%AUGC 50.0%, and 44 more at this point: AUGZ 50.0%, EALT 50.0%, FAPR 50.0%, FAUG 50.0%, FEBT 50.0%, FEBZ 50.0%, FFEB 50.0%, FJAN 50.0%, FJUL 50.0%, FJUN 50.0%, FMAY 50.0%, FOCT 50.0%, FSEP 50.0%, JANZ 50.0%, JULC 50.0%, JULT 50.0%, JULZ 50.0%, JUNC 50.0%, JUNT 50.0%, JUNZ 50.0%, MART 50.0%, MARZ 50.0%, MAYC 50.0%, MAYT 50.0%, MAYZ 50.0%, NOVZ 50.0%, OCTT 50.0%, OCTZ 50.0%, PQX 50.0%, QAU 50.0%, QMY 50.0%, RSDE 50.0%, RSJN 50.0%, RSSE 50.0%, SEPT 50.0%, SEPZ 50.0%, SIXD 50.0%, SIXF 50.0%, SIXJ 50.0%, SIXO 50.0%, SIXP 50.0%, SIXZ 50.0%, ZALT 50.0%, PDEC 50.4%AUGT 50.0%NVBW 51.0%PBNV 51.0%KDEC 51.1%EMJL 51.2%, and 1 more at this point: NMAR 51.6%KJAN 52.1%UMAY 52.2%QMFE 52.4%JANP 52.8%GMAR 53.0%NFEB 53.5%EJAN 54.0%INOV 54.4%SCMY 55.0%DECW 55.2%GDEC 55.3%JANU 55.7%PAPR 56.1%DMAY 56.3%EAPR 56.3%PBDE 56.5%, and 1 more at this point: PJAN 56.5%KAPR 56.9%MARU 57.1%IDEC 57.3%FEBP 57.5%, and 2 more at this point: ISEP 57.5%, MRCP 57.5%DECU 58.2%QQJN 58.6%QCJA 58.7%NVBU 58.8%YMAR 58.9%, and 1 more at this point: EMMY 59.0%AUGP 60.0%, and 9 more at this point: NOCT 60.0%, OCTP 60.0%, QBQF 60.0%, SEPP 60.0%, DJUL 60.1%, IDAU 60.1%, PBAP 60.1%, GJAN 60.3%, DJUN 60.5%JULP 60.0%JUNP 60.0%MAYP 60.0%NJUN 61.0%JANW 61.1%FEBU 61.2%PFEB 61.3%APRW 61.7%, and 1 more at this point: PMAR 61.7%PBJA 62.1%NJUL 62.3%DHDG 62.5%, and 1 more at this point: SQMX 62.5%GFEB 62.5%UJUL 63.1%YDEC 63.4%QQMY 64.8%UAUG 64.8%UJUN 64.8%FEBW 65.0%PBFB 65.8%IAUG 66.0%MARW 66.0%PBMR 66.6%IMAR 67.0%EMAU 67.1%IJAN 67.1%DSEP 67.5%, and 1 more at this point: IDJN 67.5%DAUG 68.2%NOVM 68.6%CMAY 68.8%YSEP 69.0%KFEB 69.2%IJUN 69.7%DOCT 69.8%QCAP 69.8%IAPR 70.3%, and 1 more at this point: QQJL 70.3%GAPR 70.8%KMAY 71.0%KOCT 71.2%QBKF 71.2%KMAR 71.7%, and 2 more at this point: SMAY 71.8%, UOCT 71.8%YJUN 71.7%DECM 71.9%USEP 72.0%, and 2 more at this point: CTMA 72.1%, QQBF 72.3%NMAY 72.8%MAYU 73.2%SFEB 73.8%IOCT 74.0%, and 3 more at this point: IJUL 74.1%, JULI 74.1%, IDJL 74.3%OCTI 74.0%QBIF 74.0%JANM 74.8%PMAY 74.8%ARLI 75.0%, and 30 more at this point: CAUG 75.0%, CJUL 75.0%, CJUN 75.0%, GAUG 75.0%, GJUL 75.0%, GJUN 75.0%, GMAY 75.0%, GOCT 75.0%, IDMY 75.0%, IFEB 75.0%, IMAY 75.0%, JANI 75.0%, JNEU 75.0%, JULU 75.0%, NAUG 75.0%, NSEP 75.0%, OCTU 75.0%, PAUG 75.0%, PJUL 75.0%, PJUN 75.0%, POCT 75.0%, PQXV 75.0%, PSEP 75.0%, QBSF 75.0%, QMAG 75.0%, QMMY 75.0%, QQAU 75.0%, SEPU 75.0%, SQBA 75.0%, GSEP 75.1%AUGU 75.0%MAYW 75.8%PBMY 76.7%MARM 77.0%FEBM 77.2%QCJL 81.5%APXM 82.5%JULW 85.3%PBJL 86.0%CTJL 86.5%JUNW 86.5%AUGW 87.0%PBJN 87.5%PBAU 87.9%QCOC 93.0%OCTW 93.5%SEPW 93.6%CTAU 94.3%PBSE 94.7%CTJN 94.8%PBOC 94.9%PQXX 97.5%BALT 98.0%DECZ 38.9%DECZ 38.9%0.0%98.0%
0.0% to 98.0% across 292

That is the share of the 292 buffer ETFs on stocks with a live outcome period sitting at or below DECZ.

Today's position against one 20% fall; it ignores smaller falls, and stock buffers are never ranked against bond or commodity ones. Where the fund sits in this set, not a rating. Do not average it with another category's score.

DECZ key stats

52-week high, daily closes to Oct 19, 2026 (ETFIQ)$44.64 on Oct 6, 2026
52-week low, daily closes to Oct 19, 2026 (ETFIQ)$38.05 on Mar 30, 2026
Close on Oct 19, 2026, within that range (ETFIQ)$43.99, 90% of the way from the low to the high
Range, beta and R-squared computed by ETFIQ from Tiingo daily prices.

About DECZ

Reference indexSPX
SPX level the buffer and cap were set from6,849.09
Buffer10%
Outcome periodDec 1, 2025 to Nov 30, 2026
Starting capuncapped
Estimated upside participation81.0% to 83.0%
SPX return from the strike level+13.3%
Fund return since period start+17.3%
Net assets (issuer page, as of Oct 19, 2026)$37mReport
Band state today (ETFIQ)Uncapped
Can still gain (issuer, fund price)uncapped
Fall before buffer (issuer, fund price)12.2%
Fall to the buffer in index terms (ETFIQ)11.8%
Protection left in index points (ETFIQ)10.0% of 10.0%
Days left in period42
Expense ratio (issuer data, Oct 19, 2026)0.79%Report
How we measure
Issuer-published figures as of the date shown; ETFIQ calculations marked. Definitions on the learn page. How these figures are computed

Questions people ask about DECZ

Does DECZ have a cap?
No. DECZ takes a share of any further rise in SPX, so there is no ceiling on the upside this period.
How far can DECZ fall before the buffer helps?
12.2% in fund-price terms on Oct 19, 2026, by the issuer's figure. In index terms SPX can fall 11.8% from that level before the buffer begins. Losses until that point are the holder's.
How much of the DECZ buffer is left?
10.0% of the 10.0% buffer sat below the SPX level on Oct 19, 2026. That is an ETFIQ calculation in index points, on one definition for every issuer.
When does DECZ reset?
The outcome period ends on Nov 30, 2026, 42 days from the data on Oct 19, 2026. New terms are set the next day and the buffer starts again.
What does DECZ cost?
The prospectus expense ratio is 0.79% a year.
Sources and dates
Prices, DECZ and SPX price returnTiingo end-of-day · Oct 20, 2026
Fee, 0.79%Issuer data · Oct 19, 2026
Net assets, $37mIssuer page · Oct 19, 2026
IssuerTrueShares page for DECZ ↗
IssuerTrueShares product table ↗
All fund filingsProspectus filings on SEC EDGAR ↗
IssuerTrueShares website ↗

ETFIQ links to the documents behind every figure; a link is not an endorsement.

How these figures are computed →Standards and sources →Open data →
Cite this pageCitation, APA and Markdown

ETFIQ, DECZ, buffer ETFs, data as of Oct 19, 2026. https://etfiq.com/funds/decz

Open DECZ live on ETFIQ

Free to use with attribution for figures ETFIQ computes; issuer data stays under its owner's terms. The underlying files are at Open data.

Buffer
The first slice of loss the fund absorbs for you over its outcome period, stated on the reference index. A 15% buffer means the index can fall 15% before you take any of it.
Cap
The most the fund can return over the period if held from the first day to the last. Quoted gross and net of fees. Set by the option market on day one, so the same fund can have a different cap each year.
Outcome period
The window, usually twelve months and sometimes six or three, over which the buffer and, where there is one, the cap apply. On its last day the options expire, the fund resets, and fresh terms are struck from that day’s option prices.
Reset
The day one outcome period ends and the next begins, with a fresh buffer and fresh terms struck at that day’s level.
Protection left
How much of the buffer still sits below today’s index level. All of it when the index is above its starting level; less once the index is inside the buffer range.
Full definitions: buffer ETFs vocabulary page. →
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DECZ: DECZ: reference +13.3% since period start, fund +17.3%; buffer 0 to −10; no cap; No cap. Figures to Oct 19, 2026.
<figure style="margin:0;max-width:640px">
<a href="https://etfiq.com/funds/decz"><img src="https://etfiq.com/assistant/api/embed/buffer/decz.svg" alt="DECZ: DECZ: reference +13.3% since period start, fund +17.3%; buffer 0 to −10; no cap; No cap. Figures to Oct 19, 2026." width="640" style="max-width:100%;height:auto"></a>
<figcaption style="font:13px/1.5 sans-serif">DECZ: DECZ: reference +13.3% since period start, fund +17.3%; buffer 0 to −10; no cap; No cap. Figures to Oct 19, 2026. Data: <a href="https://etfiq.com/funds/decz">ETFIQ</a></figcaption>
</figure>

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