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BAPR vs TENJ

Innovator U.S. Equity Buffer ETF

BAPRCCboe

iShares Large Cap 10% Target Buffer Jun ETF

TENJBCboe

Overlap

Expense ratio

TENJ −0.26pt a year

BAPR0.79%TENJ0.53%

Avg volume · 30D

TENJ 3.1×the volume

BAPR7.82KTENJ24.6K

BAPR vs TENJ Performance

Oct 31, 2025 – Nov 2, 2026

+15.3%BAPR+11.3%TENJ

Oct 31, 2025 to Nov 2, 2026. BAPR +15.3%. TENJ +11.3%. Use the arrow keys to read each point.0%5%Oct 2025May 2026Nov 2026
Expense ratio
BAPR 0.79%
TENJ 0.53%, better
Fund size
BAPR $414M
TENJ $47M
1Y total return
BAPR +15.3%, better
TENJ +11.3%
Holdings
BAPR 3
TENJ 4
Avg volume (30D)
BAPR 7.82K sh
TENJ 24.6K sh, better
NAV per share
BAPR $54.64
TENJ $28.09
52W range

ETF.net Grade

BAPR: Cost 40, Risk 59, Mission not scored, Tradability 60, Holdings not scored, Durability 82. TENJ: Cost 86, Risk 49, Mission not scored, Tradability 66, Holdings 51, Durability 41.
Pillar letters and Scores for BAPR, TENJ, with each pillar’s weight
PillarBAPRTENJ
Cost30% weightC40A86Higher
Mission25% weightNot scoredNot scored
Risk15% weightB59HigherC49
Tradability15% weightB60B66Higher
Holdings10% weightNot scoredC51
Durability5% weightA82HigherC41

Rank among S&P 500 Buffer 9-12% funds

How we build Categories ›
Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

Same Category. BAPR and TENJ are both graded against the same 77 S&P 500 Buffer 9-12% funds, so their Grades compare head to head.

S&P 500 Buffer 9-12%⁠

Category · 77 funds
See all 77 ›

TENJ ranks 3rd and BAPR 33rd of 77 funds in the S&P 500 Buffer 9-12% Category.

  1. Rank 1AZALTInnovator U.S. Equity 10 Buffer ETF - QuarterlyScore 77
  2. Rank 2BAUGPPGIM S&P 500 Buffer 12 ETF - AugustScore 67
  3. Rank 3BTENJiShares Large Cap 10% Target Buffer Jun ETFScore 66
  4. Rank 4BSIXJAllianzIM U.S. Equity 6 Month Buffer10 Jan/Jul ETFScore 65
  5. Rank 33CAUGTAllianzIM U.S. Equity Buffer10 Aug ETFScore 52
  6. Rank 33CBAPRInnovator U.S. Equity Buffer ETFScore 52
  7. Rank 33CBMARInnovator U.S. Equity Buffer ETFScore 52

Our read on each fund

ETF.net Research

BAPRCInnovator U.S. Equity Buffer ETF

TENJBiShares Large Cap 10% Target Buffer Jun ETF

In short

BAPR Buffered S&P 500 exposure on an April clock. FLEX options absorb the first 9% of a drawdown over each roughly one-year period, and the trade-off is a ceiling on the upside. Live since 2019, resetting every April 1.

TENJ No data

Stated mandate

BAPR The Fund seeks to replicate the performance of an ETF tracking the S&P 500 over the current approximately one-year Outcome Period, subject to a cap, while buffering the first 9% of losses. It uses FLEX Options referencing the Underlying ETF.

TENJ No data

Why people hold it

  • BAPR The first 9% of an S&P 500 decline is absorbed over each roughly one-year outcome period, built from FLEX options on SPY inside a 1940 Act fund rather than a bank note.
  • Clean annual reset: each April 1 starts a new twelve-month period with a fresh 9% buffer and a fresh cap, no rolling or rebalancing on your end.
  • Trading since April 2019, so the April vintage has already run through multiple full outcome periods, including live market stress.

TENJ No data

Worth knowing

  • BAPR The upside is capped. In a strong S&P 500 year the fund is designed to stop participating once the period's cap is reached.
  • Buffer and cap are measured from the April 1 start. Buy mid-period and the protection left and the room above you differ from the headline terms.
  • 0.79% a year, above cheaper buffered peers such as SWAN and DMAX. It is also one of the lighter-volume buffer funds and has not been paying distributions.

TENJ No data

Full BAPR profile⁠

Full TENJ profile⁠

BAPR vs TENJ Holdings

How we measure overlap

Each holding counts at its smaller weight in the two funds, summed over the full Holdings. Sector, country and asset class use the same rule on each fund’s split. Cash, FX and derivative lines stay out of the counts. Two bond funds get no overlap figure.

BAPR vs TENJ Cost

Overpaying BAPR vs TENJ

$4,638

On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.

  • BAPR 0.79%

    $15,174

  • TENJ 0.53%

    $10,536

$10,000
30 years

Cost over time

  • BAPR 0.79%
  • TENJ 0.53%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$5K$10K$15K$20K051015202530BAPR $15,174TENJ $10,536

Year by year

YearBAPRTENJOverpaying
10$1,405$953$452
20$5,331$3,658$1,673
30$15,174$10,536$4,638

Expense ratio

  • 0.79%BAPR
  • 0.53%TENJ, cheaper
  • Middle half of S&P 500 Buffer 9-12% funds
  • Median 0.79%

TENJ 11th cheapest of 77 funds

BAPR 34th cheapest of 77 funds

BAPR vs TENJ Dividends

Last 12 months to Nov 2, 2026
Payout (12M)
BAPR None
TENJ No data
Last payment
BAPR No data
TENJ $0.07
Ex-dividend
BAPR No data
TENJ Dec 23, 2025
Paid on
BAPR No data
TENJ Dec 29, 2025
Frequency
BAPR No data
TENJ Irregular

Distribution history

Per share, 2025 to 2026, same scale for both

BAPRAll BAPR payments⁠

No distribution history available.

TENJIrregular · 1 paymentAll TENJ payments⁠
One bar per payment. 1 payment from 2025 to 2026 YTD. Dec 23, 2025 $0.07. Use the arrow keys to read each point.$0$0.052026YTD

BAPR vs TENJ Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years
BAPR 7.9%TENJ 8.6%since Nov 2025
Return per unit of riskSharpe ratio, 3 years
BAPR 1.44TENJ 0.90since Nov 2025
Worst fallMax drawdown, 5 years
BAPR −15.6%TENJ −5.5%since Oct 2025
Market sensitivityBeta, 5 years
BAPR 0.64TENJ 0.63

BAPR and TENJ in the news

All news⁠

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