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BJUL vs TENJ

Innovator U.S. Equity Buffer ETF

BJULBCboe

iShares Large Cap 10% Target Buffer Jun ETF

TENJBCboe

Overlap

Expense ratio

TENJ −0.26pt a year

BJUL0.79%TENJ0.53%

Avg volume · 30D

BJUL 1.2×the volume

BJUL28.5KTENJ24.6K

BJUL vs TENJ Performance

Oct 31, 2025 – Oct 30, 2026

+9.8%BJUL+11.7%TENJ

Oct 31, 2025 to Oct 30, 2026. BJUL +9.8%. TENJ +11.7%. Use the arrow keys to read each point.0%5%15%Oct 2025Apr 2026Oct 2026
Expense ratio
BJUL 0.79%
TENJ 0.53%, better
Fund size
BJUL $357M
TENJ $47M
1Y total return
BJUL +9.8%
TENJ +11.7%, better
Holdings
BJUL 3
TENJ 4
Avg volume (30D)
BJUL 28.5K sh, better
TENJ 24.6K sh
NAV per share
BJUL $55.16
TENJ $28.09
52W range

ETF.net Grade

BJUL: Cost 40, Risk 42, Mission not scored, Tradability 84, Holdings not scored, Durability 83. TENJ: Cost 86, Risk 49, Mission not scored, Tradability 66, Holdings 51, Durability 41.
Pillar letters and Scores for BJUL, TENJ, with each pillar’s weight
PillarBJULTENJ
Cost30% weightC40A86Higher
Mission25% weightNot scoredNot scored
Risk15% weightC42C49Higher
Tradability15% weightA84HigherB66
Holdings10% weightNot scoredC51
Durability5% weightA83HigherC41

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. BJUL 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 BJUL 32nd 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 32CAUGTAllianzIM U.S. Equity Buffer10 Aug ETFScore 53
  6. Rank 32BBJULInnovator U.S. Equity Buffer ETFScore 53
  7. Rank 34CBAPRInnovator U.S. Equity Buffer ETFScore 52

Our read on each fund

ETF.net Research

BJULBInnovator U.S. Equity Buffer ETF

TENJBiShares Large Cap 10% Target Buffer Jun ETF

In short

BJUL Running since 2018, BJUL keeps a July clock: it absorbs the first 9% of the reference S&P 500 ETF's losses over each 12-month outcome period, in exchange for a cap on the upside.

TENJ No data

Stated mandate

BJUL BJUL seeks to match the return of the SPDR S&P 500 ETF Trust, subject to an upside cap, while protecting against the first 9% of losses during the annual outcome period.

TENJ No data

Why people hold it

  • BJUL The deal in one line: the first 9% of the reference S&P 500 ETF's decline is absorbed over the outcome period, and gains above a cap set at each July reset are given up.
  • Live since 2018, so it carries many completed annual resets rather than a single-cycle history, which is rare in a category mostly built after it.
  • Among dozens of shallow-buffer funds wrapped around the same S&P 500 ETF, this one lands in the upper half of the group on our review.

TENJ No data

Worth knowing

  • BJUL The 9% cushion and the cap belong to the full outcome period. Step in mid-period and you get whatever protection and upside room remain, not the headline terms.
  • At 0.79% a year it sits right at the buffer-fund median, and relatives like ZALT (0.69%) and the laddered BUFB (0.10%) run cheaper.
  • Volume is light, so spreads deserve a look before trading, and regular distributions are not part of the package; the payoff shows up in the share price.

TENJ No data

Full BJUL profile⁠

Full TENJ profile⁠

BJUL 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.

BJUL vs TENJ Cost

Overpaying BJUL vs TENJ

$4,638

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

  • BJUL 0.79%

    $15,174

  • TENJ 0.53%

    $10,536

$10,000
30 years

Cost over time

  • BJUL 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$20K051015202530BJUL $15,174TENJ $10,536

Year by year

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

Expense ratio

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

TENJ 11th cheapest of 77 funds

BJUL 34th cheapest of 77 funds

BJUL vs TENJ Dividends

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

Distribution history

Per share, 2025 to 2026, same scale for both

BJULAll BJUL 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

BJUL vs TENJ Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years
BJUL 8.3%TENJ 8.6%since Nov 2025
Return per unit of riskSharpe ratio, 3 years
BJUL 1.47TENJ 0.90since Nov 2025
Worst fallMax drawdown, 5 years
BJUL −14.1%TENJ −5.5%since Oct 2025
Market sensitivityBeta, 5 years
BJUL 0.65TENJ 0.63

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