SPDF ETF — Defender Risk Adaptive 500 ETF

Defender Risk Adaptive 500 ETF (SPDF)

Updated October 16, 2026.

SPDF is an ETF. its expense ratio is 0.69%. Total return is 6.7% over the past 0.5 years, 0.6 points behind SPY at 7.3%.

Defender Risk Adaptive 500 is an actively managed ETF that invests in U.S. large-cap equities, primarily through exposure to the broad U.S. large-cap equity market, with a proprietary technical analysis model employed by sub-advisor Tamarisk Capital Management to adjust market exposure based on market conditions. The fund does not currently distribute income to shareholders and carries an expense ratio of 0.69%. This ETF may appeal to equity investors seeking large-cap exposure with dynamic risk management rather than a fixed allocation strategy.

SPDF performance versus SPY

Price and return data through 2026-10-16.

Total return is 6.7% over the past 0.5 years, 0.6 points behind SPY at 7.3%.

SPDF key facts

Issuer

Defender

Asset type

ETF

Asset class

Equity

Inception date

04/14/2026

Expense ratio

0.69%

Distribution frequency

None

Last close

$27.97 (as of 2026-10-16)

AUM

$36,588,745

Average volume

965.0

How Dividend Vision calculates yield and returns

Distribution rate (the posted rate) uses calculation basis unavailable. Issuer rates can use a different denominator and date, including ex-date NAV. Trailing-12-month yield is the sum of split-adjusted cash distributions with ex-dates in the last 12 months, divided by the published price. It lags a recent raise or cut. Total return uses split-adjusted close with distributions reinvested on the ex-dividend date (a modeling convention, not the cash-settlement date) from the first stored bar on or after inception through the latest bar, compared with the same window on the benchmark. That is the security's total return, not your personal gain/loss.

Yield and safety methodology · Distribution rate methodology · Distribution Safety Score methodology

Sources and review

Primary sources: Defender; prices and distributions from Dividend Vision, derived from vendor EOD data.

Reviewed by Bert Sweet, CEO and Co-owner of Dividend Vision. Methodology: Distribution Safety Score.

SPDF risks and drawbacks

Total return has trailed SPY over the available window.

Who may consider SPDF — and who may not

It is a weaker fit for investors who need monthly cash flow (SPDF does not currently distribute); investors whose main goal is matching SPY total return. This is educational context, not a recommendation to buy or sell.

More on SPDF

• All tickers starting with S

Frequently asked questions

More securities from Defender.