IQ

SPDF · Defender Risk Adaptive 500 ETF

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$28.12
+1.6% · 1 day, price
IQ’s readingComputed nightly from ETFIQ data. Not written live.

SPDF returned +9.6% since it first traded on Apr 15, 2026.

What drove SPDF’s returns?What can SPDF’s first months tell me?What does SPDF cost to hold and to trade?
Equity fundExpense ratio 0.69%Fund assets $19m net assets, latest filing (Jun 30, 2026)First traded Apr 15, 2026Benchmark Its own holdings, as of Jun 30, 2026; its prospectus names no index it tracksSEC filings ↗

SPDF returned +9.6% from Apr 15, 2026 to Nov 4, 2026, charges 0.69% a year and holds $19m in net assets on Jun 30, 2026.

Promise check: Not measuredIt names no index it tracks.

Compare with…Trading costsPut to the committeeaskIQ about SPDFAdd to portfolioAlerts

SPDF risk and return scorecard

Not measured: no scorecard was computed for this fund.

Method

What you earned

SPDF −1.2%: total return over one month to Nov 4, 2026.
SPDF−1.2%
SPDF −0.5%: total return over three months to Nov 4, 2026.
SPDF−0.5%
SPDF +4.5%: total return over six months to Nov 4, 2026.
SPDF+4.5%
SPDF +9.6%: total return since launch to Nov 4, 2026.
SPDF+9.6%
askIQ: what drove SPDF’s returns? ↗

What can be shown yet

First traded Apr 15, 2026
+9.6%
Total return, since launch, Apr 15, 2026
Report
0.69%
Expense ratio
Report
1
Holdings
Report
−1.8%
Below its high
Report
SPDF has traded for 203 days. Numbers that need a year of prices are not shown yet.
Shown now
Price$28.12
First tradedApr 15, 2026
Net assets$19m
Top ten weight99.6%
Not yet
One-year returnfrom Apr 15, 2027
Three-year returnfrom Apr 15, 2029
askIQ: what can SPDF’s first months tell me? ↗

More on SPDF

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Price since launch, Apr 15, 2026

$28.12+1.6%1 day, priceClose, Nov 4, 2026

Price only. No distribution was paid over these days, so total return is the same. Computed by ETFIQ from Tiingo daily prices.

Source: Tiingo end-of-day prices. Data as of Nov 4, 2026. Updated every trading night. Report a data error

SPDF returns by window: total return, cash paid and price change
WindowTotal returnS&P 500 (SPY)
1M Oct 5 – Nov 4, 2026−1.2%−1.0%
3M Aug 5 – Nov 4, 2026−0.5%−0.1%
6M May 6 – Nov 4, 2026+4.5%+5.0%
Since launch Apr 15 – Nov 4, 2026+9.6%+10.1%

Total returns, distributions reinvested. Listed Apr 2026: no year to date, 1 year and 3 years windows.

Source: Tiingo end-of-day prices, with distributions reinvested.

SPDF key stats

High since Apr 15, 2026, daily closes to Nov 4, 2026 (ETFIQ)$28.63 on Oct 6, 2026
Low since Apr 15, 2026, daily closes to Nov 4, 2026 (ETFIQ)$25.65 on Apr 15, 2026
Close on Nov 4, 2026, within that range (ETFIQ)$28.12, 83% of the way from the low to the high
Holdings1
Top ten weight99.6%
Range, beta and R-squared computed by ETFIQ from Tiingo daily prices.

Trading

as of Nov 4, 2026
Trading · SPDFas of Nov 4, 2026
·
Not scored1 of 6 measured · Nov 4, 2026
0 · Hard to tradeIQ Liquidity Score100 · Trades like a giant
Cost for your order · one way, half its 30-day median spread
How to tradeSpread not read.
Full trading page: components, premium history, dealers →

SPDF for holders outside the US

US tax withheld on dividends, no treaty30%
Treaty rates on dividends (IRS table, read Oct 30, 2026)65 countries, 10% to 30%
SPDF interest-related and short-term gain dividendsnot read by ETFIQ
US estate tax filing threshold, non-resident holders$60,000
Share classDistributing

SPDF is a US fund. Stock of US corporations counts as US property for a non-resident's estate. Facts from the IRS, not tax advice. How withholding and treaties work

About SPDF

Fund typeEquity fund
Category (ETFIQ)Stocks · U.S. large-cap blend
Expense ratio (485BPOS XBRL, Apr 7, 2026)0.69%
Price$28.12
First tradedApr 15, 2026
Net assets (SEC filing, whole fund, as filed for Jun 30, 2026)$19mReport
Benchmark (ETFIQ, from its filings)Its own holdings, as of Jun 30, 2026; its prospectus names no index it tracksReport
Below its high (ETFIQ)−1.8%
Holdings1
Top ten weight99.6%
Cash, not in the top ten0.4%
Holdings as of (SEC N-PORT)Jun 30, 2026
Already in the S&P 500, by weight (ETFIQ)0.0%
Active share vs the S&P 500 (ETFIQ)100.0%
Already in the Nasdaq-100, by weight (ETFIQ)0.0%
IQ Investment Committee on SPDF

12 seats on SPDF, as of Nov 4, 2026: 2 Supports, 1 Mixed, 3 Challenges, 5 Not enough data, 1 Does not apply.

In the tradition ofJohn BogleBogle-style Low CostMixed
In the tradition ofBenjamin GrahamGraham-style Margin of SafetyDoes not apply
In the tradition ofWarren Buffett & Charlie MungerBuffett & Munger-style QualityNot enough data
In the tradition ofPeter LynchLynch-style Growth at a Reasonable PriceNot enough data
In the tradition ofJohn TempletonTempleton-style Global ContrarianNot enough data
In the tradition ofRay DalioDalio-style All-WeatherChallenges
In the tradition ofHoward MarksMarks-style Cycles & RiskChallenges
In the tradition ofStanley DruckenmillerDruckenmiller-style Macro & LiquidityChallenges
In the tradition ofDavid SwensenSwensen-style DiversificationSupports
In the tradition ofCathie WoodWood-style Disruptive InnovationNot enough data
In the tradition ofJesse LivermoreLivermore-style Trend FollowingSupports
Uses ETFIQ’s measuresThe ETFIQ SkepticETFIQ’s own seatNot enough data
Put SPDF to the committee →See all seats →No investor named is affiliated with or endorses ETFIQ. Not investment advice.

Questions people ask about SPDF

What does SPDF cost?
The prospectus expense ratio is 0.69% a year.
What does SPDF hold?
1 position as filed for Jun 30, 2026, with the top ten at 99.6% of the fund. 0% of its weight is in stocks the S&P 500 also holds.
How far is SPDF below its high?
1.8% below its high of Oct 6, 2026, measured on the reinvested series to Nov 4, 2026.
Sources and dates
Prices, SPDF and S&P 500 (SPY)Tiingo end-of-day · Nov 4, 2026
Fee, 0.69%Prospectus filing with the expense ratio (SEC) ↗
Net assets, $19mSEC filing, whole fund · Jun 30, 2026
SourceHoldings filing (SEC Form N-PORT) ↗
IssuerTamarisk website ↗
All fund filingsFund filings on SEC EDGAR ↗
Tamarisk’s own site ↗

Links are sources, not endorsements.

Method →Standards and sources →Open data →
Cite this pageCitation, APA and Markdown

ETFIQ, SPDF, stock fund, data as of Nov 4, 2026. https://etfiq.com/funds/spdf

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

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SPDF: SPDF over 6 months: total return +4.5%. Data to Nov 4, 2026.
<figure style="margin:0;max-width:640px">
<iframe src="https://etfiq.com/embed/core/spdf/" title="SPDF: SPDF over 6 months: total return +4.5%. Data to Nov 4, 2026." width="640" height="370" loading="lazy" style="border:0;max-width:100%;width:100%"></iframe>
<figcaption style="font:13px/1.5 sans-serif">SPDF: SPDF over 6 months: total return +4.5%. Data to Nov 4, 2026. Data: <a href="https://etfiq.com/funds/spdf">ETFIQ</a></figcaption>
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