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BAUG vs TENJ

Innovator U.S. Equity Buffer ETF

BAUGCCboe

iShares Large Cap 10% Target Buffer Jun ETF

TENJBCboe

Overlap

Expense ratio

TENJ −0.26pt a year

BAUG0.79%TENJ0.53%

Avg volume · 30D

TENJ 1.1×the volume

BAUG22.4KTENJ24.6K

BAUG vs TENJ Performance

Oct 31, 2025 – Oct 30, 2026

+10.8%BAUG+11.7%TENJ

Oct 31, 2025 to Oct 30, 2026. BAUG +10.8%. TENJ +11.7%. Use the arrow keys to read each point.0%5%15%Oct 2025Apr 2026Oct 2026
Expense ratio
BAUG 0.79%
TENJ 0.53%, better
Fund size
BAUG $267M
TENJ $47M
1Y total return
BAUG +10.8%
TENJ +11.7%, better
Holdings
BAUG 3
TENJ 4
Avg volume (30D)
BAUG 22.4K sh
TENJ 24.6K sh, better
NAV per share
BAUG $55.05
TENJ $28.09
52W range

ETF.net Grade

BAUG: Cost 40, Risk 54, Mission 100, Tradability 63, Holdings not scored, Durability 79. TENJ: Cost 86, Risk 49, Mission not scored, Tradability 66, Holdings 51, Durability 41.
Pillar letters and Scores for BAUG, TENJ, with each pillar’s weight
PillarBAUGTENJ
Cost30% weightC40A86Higher
Mission25% weightA100Not scored
Risk15% weightC54HigherC49
Tradability15% weightB63B66Higher
Holdings10% weightNot scoredC51
Durability5% weightA79HigherC41

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. BAUG 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 BAUG 37th 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 34CNVBTAllianzIM U.S. Equity Buffer10 Nov ETFScore 52
  6. Rank 37CBAUGInnovator U.S. Equity Buffer ETFScore 51
  7. Rank 37CBJUNInnovator U.S. Equity Buffer ETFScore 51

Our read on each fund

ETF.net Research

BAUGCInnovator U.S. Equity Buffer ETF

TENJBiShares Large Cap 10% Target Buffer Jun ETF

In short

BAUG A year of S&P 500 exposure with the first 9% of losses absorbed, in exchange for an upside cap set fresh every August 1. This is the August-reset seat in Innovator's buffer lineup, built to be held the full twelve months.

TENJ No data

Stated mandate

BAUG The Fund seeks returns linked to its underlying ETF, subject to a predetermined upside cap, while protecting against the first 9% of underlying losses during the applicable outcome period.

TENJ No data

Why people hold it

  • BAUG Mechanically simple: the first 9% of the reference S&P 500 ETF's losses over the outcome period are absorbed, and upside runs to a cap reset each August 1.innovatoretfs.com
  • No style drift. It delivers the defined-outcome structure on its stated reference fund and nothing else, which is exactly what the prospectus advertises.
  • The 0.79% fee sits right at the median for annual buffer funds. You are not paying a premium for the August calendar slot.
  • Live since 2019, so it has run through multiple complete 12-month outcome cycles rather than being an untested launch.

TENJ No data

Worth knowing

  • BAUG Thinly traded next to its peers, so spreads can widen. Order type and timing matter more here than in a mega-cap index fund.
  • Buy mid-period and your own buffer and cap differ from the stated terms, which run August 1 to July 31 and are measured before the fund's fee.innovatoretfs.com
  • Cheaper wrappers around the same idea exist: BUFB ladders buffers for 0.10%, and ZALT runs a quarterly reset at 0.69%.

TENJ No data

Full BAUG profile⁠

Full TENJ profile⁠

BAUG 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.

BAUG vs TENJ Cost

Overpaying BAUG vs TENJ

$4,638

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

  • BAUG 0.79%

    $15,174

  • TENJ 0.53%

    $10,536

$10,000
30 years

Cost over time

  • BAUG 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$20K051015202530BAUG $15,174TENJ $10,536

Year by year

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

Expense ratio

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

TENJ 11th cheapest of 77 funds

BAUG 34th cheapest of 77 funds

BAUG vs TENJ Dividends

Last 12 months to Oct 30, 2026
Payout (12M)
BAUG None
TENJ No data
Last payment
BAUG No data
TENJ $0.07
Ex-dividend
BAUG No data
TENJ Dec 23, 2025
Paid on
BAUG No data
TENJ Dec 29, 2025
Frequency
BAUG No data
TENJ Irregular

Distribution history

Per share, 2025 to 2026, same scale for both

BAUGAll BAUG 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

BAUG vs TENJ Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years
BAUG 8.4%TENJ 8.6%since Nov 2025
Return per unit of riskSharpe ratio, 3 years
BAUG 1.61TENJ 0.90since Nov 2025
Worst fallMax drawdown, 5 years
BAUG −15.6%TENJ −5.5%since Oct 2025
Market sensitivityBeta, 5 years
BAUG 0.69TENJ 0.63

BAUG and TENJ in the news

All news⁠

Popular comparisons

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