- Issuer
- BlackRock
- Inception Date
- Oct 21, 2025
- Region
- North America (U.S.)
- Category
- Defined Outcome
- Leveraged
- 1x (No leverage)
- Index Tracked
- No Index (Active)
- Domicile
- US
- Distribution Policy
- Distributing
- Asset Class
- Equity
- Asset Class Size
- Large-Cap
- Asset Class Style
- Blend
Share Price Chart
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Performance
TENM Performance Chart
iShares Large Cap 10% Target Buffer Mar ETF (TENM) is up 6.2% since the beginning of the year. TENM is currently trading at $27 per share.
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Returns By Period
iShares Large Cap 10% Target Buffer Mar ETF
- 1D
- 0.63%
- 1M
- 0.57%
- YTD
- 6.23%
- 6M
- 6.33%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
Benchmark (S&P 500 Index)
- 1D
- 0.00%
- 1M
- -0.71%
- YTD
- 8.39%
- 6M
- 8.57%
- 1Y
- 24.33%
- 3Y*
- 18.94%
- 5Y*
- 12.24%
- 10Y*
- 13.54%
TENM Monthly Returns History
Based on dividend-adjusted daily data since Oct 22, 2025, TENM's average daily return is +0.05%, while the average monthly return is +0.92%. At this rate, an investment would double in approximately 6.3 years.
Historically, 67% of months were positive and 33% were negative. The best month was Apr 2026 with a return of +6.0%, while the worst month was Mar 2026 at -2.7%. The longest winning streak lasted 4 consecutive months, and the longest losing streak was 2 months.
On a daily basis, TENM closed higher 59% of trading days. The best single day was Apr 8, 2026 with a return of +1.7%, while the worst single day was Jan 20, 2026 at -1.2%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 1.18% | -0.37% | -2.69% | 5.98% | 2.24% | -0.06% | 6.23% | ||||||
| 2025 | 0.94% | 0.58% | 0.51% | 2.04% |
Benchmark Metrics
iShares Large Cap 10% Target Buffer Mar ETF has an annualized alpha of 5.58%, beta of 0.45, and R2 of 0.83 versus S&P 500 Index. Calculated based on daily prices since October 22, 2025.
- This ETF participates in less of S&P 500 Index's moves in both directions, but captures a larger share of gains (54.31%) than losses (34.60%) - typical of diversified or defensive assets.
- This ETF generated an annualized alpha of 5.58% versus S&P 500 Index - delivering returns beyond what market exposure alone would predict.
- Beta of 0.45 indicates this ETF moves significantly less than S&P 500 Index - a genuinely defensive profile with reduced participation in both market rallies and downturns.
- Alpha
- 5.58%
- Beta
- 0.45
- R²
- 0.83
- Upside Capture
- 54.31%
- Downside Capture
- 34.60%
Expense Ratio
TENM has an expense ratio of 0.50%, placing it in the medium range.
Return for Risk
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for iShares Large Cap 10% Target Buffer Mar ETF (TENM) and compare them to S&P 500 Index.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| TENM | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.35 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 2.66 | — |
| Martin ratioReturn relative to average drawdown | — | 11.86 | — |
Dividends
Dividend History
iShares Large Cap 10% Target Buffer Mar ETF provided a 0.28% dividend yield over the last twelve months, with an annual payout of $0.07 per share.
| Period | TTM | 2025 |
|---|---|---|
| Dividend | $0.07 | $0.07 |
Dividend yield | 0.28% | 0.29% |
Monthly Dividends
The table displays the monthly dividend distributions for iShares Large Cap 10% Target Buffer Mar ETF. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | ||||||
| 2025 | $0.07 | $0.07 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
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Worst Drawdowns
The table below displays the maximum drawdowns of the iShares Large Cap 10% Target Buffer Mar ETF. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the iShares Large Cap 10% Target Buffer Mar ETF was 3.61%, occurring on Mar 27, 2026. Recovery took 10 trading sessions.
The current iShares Large Cap 10% Target Buffer Mar ETF drawdown is 0.20%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
2026 pullback2026 | -3.61%Mar 2026 | 1mo 15d | 17d | 2mo 2dFeb 2026 - Apr 2026 |
2025 pullback2025 | -2.27%Nov 2025 | 22d | 6d | 28dOct 2025 - Nov 2025 |
2026 pullback2026 | -1.80%Jun 2026 | 8d | — | 20d 23hJun 2026 - now |
2026 pullback2026 | -1.43%Feb 2026 | 2d | 4d | 6dFeb 2026 - Feb 2026 |
2026 pullback2026 | -1.36%Jan 2026 | 7d | 7d | 14dJan 2026 - Jan 2026 |
Drawdown Indicators
| TENM | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -3.61% | -56.78% | +53.17% |
Max Drawdown (1Y)Largest decline over 1 year | — | -9.10% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -18.90% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -25.43% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.92% | — |
Current DrawdownCurrent decline from peak | -0.20% | -2.49% | +2.29% |
Average DrawdownAverage peak-to-trough decline | -0.70% | -10.72% | +10.02% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 2.03% | — |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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