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FAPR vs TENJ

FT Vest U.S. Equity Buffer ETF - April

FAPRCCboe

iShares Large Cap 10% Target Buffer Jun ETF

TENJBCboe

Overlap

0.0%by weight

Expense ratio

TENJ −0.32pt a year

FAPR0.85%TENJ0.53%

Avg volume · 30D

TENJ 1.1×the volume

FAPR22.2KTENJ24.6K

FAPR vs TENJ Performance

Oct 31, 2025 – Oct 30, 2026

+9.0%FAPR+11.7%TENJ

Oct 31, 2025 to Oct 30, 2026. FAPR +9.0%. TENJ +11.7%. Use the arrow keys to read each point.0%5%15%Oct 2025Apr 2026Oct 2026
Expense ratio
FAPR 0.85%
TENJ 0.53%, better
Fund size
FAPR $1.35B
TENJ $47M
1Y total return
FAPR +9.0%
TENJ +11.7%, better
Holdings
FAPR 3
TENJ 4
Avg volume (30D)
FAPR 22.2K sh
TENJ 24.6K sh, better
NAV per share
FAPR $47.69
TENJ $28.09
52W range

ETF.net Grade

FAPR: Cost 11, Risk 70, Mission not scored, Tradability 73, Holdings 64, Durability 82. TENJ: Cost 86, Risk 49, Mission not scored, Tradability 66, Holdings 51, Durability 41.
Pillar letters and Scores for FAPR, TENJ, with each pillar’s weight
PillarFAPRTENJ
Cost30% weightF11A86Higher
Mission25% weightNot scoredNot scored
Risk15% weightA70HigherC49
Tradability15% weightA73HigherB66
Holdings10% weightB64HigherC51
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. FAPR 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 FAPR 44th 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 44CDECZTrueShares Structured Outcome (December) ETFScore 46
  6. Rank 44CFAPRFT Vest U.S. Equity Buffer ETF - AprilScore 46
  7. Rank 44CFJULFT Vest U.S. Equity Buffer ETF - JulyScore 46

Our read on each fund

ETF.net Research

FAPRCFT Vest U.S. Equity Buffer ETF - April

TENJBiShares Large Cap 10% Target Buffer Jun ETF

In short

FAPR One of twelve First Trust buffer funds, each keyed to a different start month. The April vintage uses SPY options to absorb the first 10% of a decline over its one-year outcome period, trading that cushion for a ceiling on gains that resets every April.

TENJ No data

Stated mandate

FAPR The Fund seeks to track the price return of the State Street® SPDR® S&P 500® ETF Trust, subject to a 15.16% upside cap and protection against the first 10% of losses during the current outcome period.

TENJ No data

Why people hold it

  • FAPR The bargain is explicit: FLEX options on SPY absorb the first 10% of a drop over the outcome period, in exchange for a cap on the upside.ftportfolios.com
  • Perpetual structure. At each period's end the cap resets to prevailing market conditions and the fund rolls on, so there is no maturity date to manage.businesswire.com
  • Part of a twelve-fund monthly ladder (FJAN through FDEC), so an outcome period can be started in any month rather than only in April.
  • Sizable for a buffer fund, trading regularly, with a live record back to its 2021 launch and several completed outcome periods behind it.

TENJ No data

Worth knowing

  • FAPR At 0.85% a year it runs above the typical fund in its buffer peer group, and some alternatives such as BUFB charge a small fraction of that.
  • The 10% buffer is measured before fees and only across the full period. Buying mid-period means whatever cushion and upside remain, not the headline terms.businesswire.com
  • It targets SPY's price return through options, so S&P 500 dividends do not pass through and the fund has not been making distributions.ftportfolios.com

TENJ No data

Full FAPR profile⁠

Full TENJ profile⁠

FAPR vs TENJ Holdings

How FAPR and TENJ differ

Overlap by weight

0.0%

Shared holdings make up 0.0% of FAPR 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 FAPR and TENJ, widest gap first
CountryMore in FAPRMore in TENJ
United StatesTENJ +0.1 points
SwitzerlandSame weight
ChinaSame weight
MexicoFAPR +0.1 points
IrelandSame weight
United KingdomSame weight

Concentration

Weight in the 10 largest Holdings

  • FAPR102.5%
  • TENJ102.6%

Securities held

  • FAPR2
  • TENJ2

Asset class

FAPR
Multi-Asset
TENJ
Equity

Holdings

  • Only in FAPR2
  • In both0
  • Only in TENJ2

Only in FAPR

2 securities, 100% of FAPR by weight

  • 2027-04-16 State Street® SPDR® S&P 500® ETF Trust C 7.1099.56%
  • 2027-04-16 State Street® SPDR® S&P 500® ETF Trust P 710.142.26%

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

FAPR and TENJ share no securities.

All 4 FAPR 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.

FAPR vs TENJ Cost

Overpaying FAPR vs TENJ

$5,663

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

  • FAPR 0.85%

    $16,199

  • TENJ 0.53%

    $10,536

$10,000
30 years

Cost over time

  • FAPR 0.85%
  • 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$20K051015202530FAPR $16,199TENJ $10,536

Year by year

YearFAPRTENJOverpaying
10$1,508$953$555
20$5,706$3,658$2,048
30$16,199$10,536$5,663

Expense ratio

  • 0.85%FAPR
  • 0.53%TENJ, cheaper
  • Middle half of S&P 500 Buffer 9-12% funds
  • Median 0.79%

TENJ 11th cheapest of 77 funds

FAPR 60th cheapest of 77 funds

FAPR vs TENJ Dividends

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

Distribution history

Per share, 2025 to 2026, same scale for both

FAPRAll FAPR 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

FAPR vs TENJ Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years
FAPR 5.6%TENJ 8.6%since Nov 2025
Return per unit of riskSharpe ratio, 3 years
FAPR 1.67TENJ 0.90since Nov 2025
Worst fallMax drawdown, 5 years
FAPR −16.0%TENJ −5.5%since Oct 2025
Market sensitivityBeta, 5 years
FAPR 0.38TENJ 0.63

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