TMAR vs. TEND
TMAR (FT Vest Emerging Markets Buffer ETF - March) and TEND (iShares Large Cap 10% Target Buffer Dec ETF) are both Defined Outcome funds. TMAR is passively managed, while TEND is actively managed. A 0.72 correlation means they provide meaningful diversification when combined. TMAR charges 0.95%/yr vs 0.50%/yr for TEND.
Performance
TMAR vs. TEND - Performance Comparison
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Returns By Period
In the year-to-date period, TMAR achieves a 12.21% return, which is significantly higher than TEND's 5.70% return.
TMAR
- 1D
- -0.23%
- 1M
- -0.17%
- YTD
- 12.21%
- 6M
- 12.43%
- 1Y
- 22.71%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
TEND
- 1D
- -0.19%
- 1M
- -0.37%
- YTD
- 5.70%
- 6M
- 4.89%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
TMAR vs. TEND - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
TMAR FT Vest Emerging Markets Buffer ETF - March | 12.21% | 2.45% |
TEND iShares Large Cap 10% Target Buffer Dec ETF | 5.70% | 1.62% |
Correlation
The correlation between TMAR and TEND is 0.72, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Oct 8, 2025 | 0.72 |
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Return for Risk
TMAR vs. TEND — Risk / Return Rank
TMAR
TEND
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
TMAR vs. TEND - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for FT Vest Emerging Markets Buffer ETF - March (TMAR) and iShares Large Cap 10% Target Buffer Dec ETF (TEND). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
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.
| TMAR | TEND | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.53 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 4.86 | — | — |
| Martin ratioReturn relative to average drawdown | 23.50 | — | — |
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Drawdowns
TMAR vs. TEND - Drawdown Comparison
The maximum TMAR drawdown since its inception was -9.93%, which is greater than TEND's maximum drawdown of -5.92%. Use the drawdown chart below to compare losses from any high point for TMAR and TEND.
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Drawdown Indicators
| TMAR | TEND | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -9.93% | -5.92% | -4.01% |
Max Drawdown (1Y)Largest decline over 1 year | -4.69% | — | — |
Current DrawdownCurrent decline from peak | -2.96% | -1.43% | -1.53% |
Average DrawdownAverage peak-to-trough decline | -0.73% | -0.77% | +0.04% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.97% | — | — |
Volatility
TMAR vs. TEND - Volatility Comparison
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Volatility by Period
| TMAR | TEND | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.23% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 9.98% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 10.88% | 8.32% | +2.56% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 12.31% | 8.32% | +3.99% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 12.31% | 8.32% | +3.99% |
TMAR vs. TEND - Expense Ratio Comparison
TMAR has a 0.95% expense ratio, which is higher than TEND's 0.50% expense ratio.
Dividends
TMAR vs. TEND - Dividend Comparison
TMAR has not paid dividends to shareholders, while TEND's dividend yield for the trailing twelve months is around 0.13%.
| Position | TTM | 2025 |
|---|---|---|
TEND iShares Large Cap 10% Target Buffer Dec ETF | 0.13% | 0.14% |
TMAR FT Vest Emerging Markets Buffer ETF - March | 0.00% | 0.00% |
Frequently Asked Questions
TMAR and TEND have a correlation of 0.72, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, TEND is cheaper at 0.50% per year. The better choice depends on whether you care most about return, fees, risk, or income.
TEND is cheaper with a 0.50% expense ratio, compared with 0.95% for TMAR.
TEND has the higher dividend yield at 0.13%, compared with 0.00% for TMAR.
They also come from different issuers: First Trust and BlackRock. Their fees differ too: 0.95% for TMAR and 0.50% for TEND.
Find the right allocation for TMAR and TEND
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