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BOCT vs TENJ

Innovator U.S. Equity Buffer ETF

BOCTBCboe

iShares Large Cap 10% Target Buffer Jun ETF

TENJBCboe

Overlap

Expense ratio

TENJ −0.26pt a year

BOCT0.79%TENJ0.53%

Avg volume · 30D

BOCT 1.2×the volume

BOCT30.3KTENJ24.6K

BOCT vs TENJ Performance

Oct 31, 2025 – Oct 30, 2026

+12.1%BOCT+11.7%TENJ

Oct 31, 2025 to Oct 30, 2026. BOCT +12.1%. TENJ +11.7%. Use the arrow keys to read each point.0%5%15%Oct 2025Apr 2026Oct 2026
Expense ratio
BOCT 0.79%
TENJ 0.53%, better
Fund size
BOCT $357M
TENJ $47M
1Y total return
BOCT +12.1%, better
TENJ +11.7%
Yield (12M)
BOCT 0.00%
TENJ No data
Holdings
BOCT 503
TENJ 4
Avg volume (30D)
BOCT 30.3K sh, better
TENJ 24.6K sh
NAV per share
BOCT $54.74
TENJ $28.09
52W range

ETF.net Grade

BOCT: Cost 40, Risk 47, Mission 87, Tradability 70, Holdings 90, Durability 78. TENJ: Cost 86, Risk 49, Mission not scored, Tradability 66, Holdings 51, Durability 41.
Pillar letters and Scores for BOCT, TENJ, with each pillar’s weight
PillarBOCTTENJ
Cost30% weightC40A86Higher
Mission25% weightA87Not scored
Risk15% weightC47C49Higher
Tradability15% weightA70HigherB66
Holdings10% weightA90HigherC51
Durability5% weightA78HigherC41

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. BOCT 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 BOCT 23rd 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 21BJULTAllianzIM U.S. Equity Buffer10 Jul ETFScore 57
  6. Rank 23BBOCTInnovator U.S. Equity Buffer ETFScore 56
  7. Rank 23BPJUNInnovator U.S. Equity Power Buffer ETF - JuneScore 56

Our read on each fund

ETF.net Research

BOCTBInnovator U.S. Equity Buffer ETF

TENJBiShares Large Cap 10% Target Buffer Jun ETF

In short

BOCT One of the original defined-outcome ETFs, listed October 1, 2018. It absorbs the first 9% of an S&P 500 drop over each one-year period starting October 1, and trades that safety net for a ceiling on the upside.

TENJ No data

Stated mandate

BOCT The Fund seeks to track SPY’s return up to a predetermined cap while buffering the first 9% of losses over the October 1, 2025 through September 30, 2026 outcome period.

TENJ No data

Why people hold it

  • BOCT Class of 2018: the October series listed on October 1, 2018, in the first wave of defined-outcome ETFs. It has run through real drawdowns since.sec.gov
  • Terms in writing, not hope: a 9% buffer on the reference ETF's losses plus a preset cap, both reset every October 1. Shares can be held through resets indefinitely.innovatoretfs.com
  • The shallowest of Innovator's three SPY-linked tiers (9%, 15%, 30% buffers), so it surrenders the least upside in exchange for its cushion.innovatoretfs.com
  • Part of a 12-month ladder (BJAN, BAPR, BJUL and the rest), so a 9% buffer period starts every month and you are not tied to one entry date.

TENJ No data

Worth knowing

  • BOCT At 0.79% a year it sits at the buffer-fund median, and newer rivals undercut it: ZALT at 0.69%, PGIM's AUGP and JUNP at 0.50%.
  • The 9% buffer is before fees and expenses and applies over the full October-to-September period. Buy mid-period and your actual cap and cushion differ from the headline terms.innovatoretfs.com
  • Upside stops at the cap and index dividends do not pass through. It also trades lighter than the category's biggest names, so spreads can widen.innovatoretfs.com

TENJ No data

Full BOCT profile⁠

Full TENJ profile⁠

BOCT 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.

BOCT vs TENJ Cost

Overpaying BOCT vs TENJ

$4,638

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

  • BOCT 0.79%

    $15,174

  • TENJ 0.53%

    $10,536

$10,000
30 years

Cost over time

  • BOCT 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$20K051015202530BOCT $15,174TENJ $10,536

Year by year

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

Expense ratio

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

TENJ 11th cheapest of 77 funds

BOCT 34th cheapest of 77 funds

BOCT vs TENJ Dividends

Last 12 months to Oct 30, 2026
Yield (12M)
BOCT 0.00%
TENJ No data
Payout (12M)
BOCT None
TENJ No data
Last payment
BOCT No data
TENJ $0.07
Ex-dividend
BOCT No data
TENJ Dec 23, 2025
Paid on
BOCT No data
TENJ Dec 29, 2025
Frequency
BOCT No data
TENJ Irregular

Distribution history

Per share, 2019 to 2026, same scale for both

BOCT1 paymentAll BOCT payments⁠
One bar per payment. 1 payment from 2019 to 2026 YTD. Nov 19, 2019 $0.05. Use the arrow keys to read each point.$0$0.05202020232026YTD
TENJIrregular · 1 paymentAll TENJ payments⁠
One bar per payment. 1 payment from 2019 to 2026 YTD. Dec 23, 2025 $0.07. Use the arrow keys to read each point.$0$0.05202020232026YTD

BOCT vs TENJ Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years
BOCT 7.9%TENJ 8.6%since Nov 2025
Return per unit of riskSharpe ratio, 3 years
BOCT 1.38TENJ 0.90since Nov 2025
Worst fallMax drawdown, 5 years
BOCT −14.3%TENJ −5.5%since Oct 2025
Market sensitivityBeta, 5 years
BOCT 0.64TENJ 0.63

Popular comparisons

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