DHDG vs TENJ: Grades, Fees and Holdings Compared

FT Vest U.S. Equity Quarterly 2.5 to 15 Buffer ETF

DHDGCCboe

iShares Large Cap 10% Target Buffer Jun ETF

TENJBCboe

Overlap

0.0%by weight

Expense ratio

TENJ −0.32pt a year

DHDG0.85%TENJ0.53%

Avg volume · 30D

DHDG 1.2×the volume

DHDG30.2KTENJ24.6K

DHDG vs TENJ Performance

Oct 31, 2025 – Oct 30, 2026

+11.8%DHDG+11.7%TENJ

Expense ratio: DHDG 0.85%; TENJ 0.53%, better
Fund size: DHDG $81M; TENJ $47M
1Y total return: DHDG +11.8%, better; TENJ +11.7%
Holdings: DHDG 3; TENJ 4
Avg volume (30D): DHDG 30.2K sh, better; TENJ 24.6K sh
NAV per share: DHDG $37.64; TENJ $28.09
52W range

ETF.net Grade

Pillar letters and Scores for DHDG, TENJ, with each pillar’s weight
Pillar	DHDG	TENJ
Cost30% weight	F11	A86Higher
Mission25% weight	Not scored	Not scored
Risk15% weight	A78Higher	C49
Tradability15% weight	B65	B66Higher
Holdings10% weight	B61Higher	C51
Durability5% weight	B59Higher	C41

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

How we build Categories ›

Same Category. DHDG 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 DHDG 49th of 77 funds in the S&P 500 Buffer 9-12% Category.

Rank 1AZALTInnovator U.S. Equity 10 Buffer ETF - QuarterlyScore 77
Rank 2BAUGPPGIM S&P 500 Buffer 12 ETF - AugustScore 67
Rank 3BTENJiShares Large Cap 10% Target Buffer Jun ETFScore 66
Rank 4BSIXJAllianzIM U.S. Equity 6 Month Buffer10 Jan/Jul ETFScore 65
Rank 44CFMAYFT Vest U.S. Equity Buffer ETF - MayScore 46
Rank 49CDHDGFT Vest U.S. Equity Quarterly 2.5 to 15 Buffer ETFScore 45
Rank 49CFDECFT Vest U.S. Equity Buffer ETF - DecemberScore 45

Our read on each fund

ETF.net Research

DHDGCFT Vest U.S. Equity Quarterly 2.5 to 15 Buffer ETF

TENJBiShares Large Cap 10% Target Buffer Jun ETF

In short

DHDG Most buffer ETFs lock in one cap for a full year. DHDG re-strikes every quarter against the S&P 500 ETF's price return, and it asks for a deductible: you take the first 2.5% of a drop, the fund absorbs the next 12.5 points.

TENJ No data

Stated mandate

DHDG The Fund seeks to match the price return of the State Street SPDR S&P 500 ETF Trust before fees and expenses, subject to a 4.30% upside cap, while buffering losses in the -2.5% to -15% range during the stated outcome period.

TENJ No data

Why people hold it

DHDG The buffer skips the first 2.5% of losses and runs down to -15%, spending its protection on a real drawdown rather than the first wobble.ftportfolios.com
Quarterly outcome periods reset the terms four times a year, so the cap is struck against current market conditions instead of one date twelve months back.
A plain 1940 Act ETF, not a structured note from a bank, and it lands in the upper half of a crowded field of S&P 500 buffer funds.

TENJ No data

Worth knowing

DHDG The 0.85% expense ratio sits above cheaper laddered buffer options such as BUFP (0.50%) and IVVM (0.53%).
Upside is capped each quarter and the cap is fixed at the period's start. Buy mid-period and your effective cap and remaining buffer differ from the stated terms.
The reference is the SPDR S&P 500 ETF Trust's price return, so index dividends sit outside the outcome and this hasn't been an income payer.

TENJ No data

Full DHDG profile⁠

Full TENJ profile⁠

DHDG vs TENJ Holdings

How DHDG and TENJ differ

Overlap by weight

0.0%

Shared holdings make up 0.0% of DHDG and 0.0% of TENJ.

Level by level

Holdings0 in both0.0%
Countryby domicile100%

Sector

No Sector split for TENJ.

Country, concentration and asset class

Country by domicile

Country weights in DHDG and TENJ, widest gap first
Country	More in DHDGMore in TENJ	DHDG	TENJ
United States	TENJ +0.1 points	99.5%	99.5%
Switzerland	Same weight	0.3%	0.3%
China	Same weight	0.1%	0.1%
Mexico	DHDG +0.1 points	0.1%	0.0%
Ireland	Same weight	0.0%	0.0%
United Kingdom	Same weight	0.0%	0.0%

Concentration

Weight in the 10 largest Holdings

DHDG101.3%
TENJ102.6%

Securities held

DHDG2
TENJ2

Asset class

DHDG: Multi-Asset
TENJ: Equity

Holdings

Only in DHDG2
In both0
Only in TENJ2

Only in DHDG

2 securities, 100% of DHDG by weight

2027-01-15 State Street® SPDR® S&P 500® ETF Trust C 7.6398.11%
2027-01-15 State Street® SPDR® S&P 500® ETF Trust P 744.172.08%

Only in TENJ

2 securities, 100% of TENJ by weight

Ishares Core S&P Etf Trust97.64%
JUL27 Ivv Us P @ 748.894.03%

Weight gaps

DHDG and TENJ share no securities.

All 4 DHDG holdings⁠All 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.

DHDG vs TENJ Cost

Overpaying DHDG vs TENJ

$5,663

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

DHDG 0.85%
$16,199
TENJ 0.53%
$10,536

Amount$10,000

Years30 years

Cost over time

DHDG 0.85%
TENJ 0.53%
Overpaying

Year by year

Year	DHDG	TENJ	Overpaying
10	$1,508	$953	$555
20	$5,706	$3,658	$2,048
30	$16,199	$10,536	$5,663

Expense ratio

0.85%DHDG
0.53%TENJ, cheaper

TENJ0.53%DHDG0.85%

0.25%0.85%

Middle half of S&P 500 Buffer 9-12% funds
Median 0.79%

TENJ 11th cheapest of 77 funds

DHDG 60th cheapest of 77 funds

DHDG vs TENJ Dividends

Last 12 months to Oct 30, 2026

Payout (12M): DHDG None; TENJ No data
Last payment: DHDG No data; TENJ $0.07
Ex-dividend: DHDG No data; TENJ Dec 23, 2025
Paid on: DHDG No data; TENJ Dec 29, 2025
Frequency: DHDG No data; TENJ Irregular

Distribution history

Per share, 2025 to 2026, same scale for both

DHDGAll DHDG payments⁠

No distribution history available.

TENJIrregular · 1 paymentAll TENJ payments⁠

DHDG vs TENJ Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years: DHDG 6.4%since Nov 2024TENJ 8.6%since Nov 2025
Return per unit of riskSharpe ratio, 3 years: DHDG 1.16since Nov 2024TENJ 0.90since Nov 2025
Worst fallMax drawdown, 5 years: DHDG −8.3%since Oct 2024TENJ −5.5%since Oct 2025
Market sensitivityBeta, 5 years: DHDG 0.46TENJ 0.63; Market = 1

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