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FDEC vs TENJ

FT Vest U.S. Equity Buffer ETF - December

FDECCCboe

iShares Large Cap 10% Target Buffer Jun ETF

TENJBCboe

Overlap

0.0%by weight

Expense ratio

TENJ −0.32pt a year

FDEC0.85%TENJ0.53%

Avg volume · 30D

FDEC 1.2×the volume

FDEC29.4KTENJ24.6K

FDEC vs TENJ Performance

Oct 31, 2025 – Oct 30, 2026

+12.2%FDEC+11.7%TENJ

Oct 31, 2025 to Oct 30, 2026. FDEC +12.2%. TENJ +11.7%. Use the arrow keys to read each point.0%5%15%Oct 2025Apr 2026Oct 2026
Expense ratio
FDEC 0.85%
TENJ 0.53%, better
Fund size
FDEC $1.33B
TENJ $47M
1Y total return
FDEC +12.2%, better
TENJ +11.7%
Holdings
FDEC 3
TENJ 4
Avg volume (30D)
FDEC 29.4K sh, better
TENJ 24.6K sh
NAV per share
FDEC $55.95
TENJ $28.09
52W range

ETF.net Grade

FDEC: Cost 11, Risk 54, Mission not scored, Tradability 84, Holdings 60, Durability 81. TENJ: Cost 86, Risk 49, Mission not scored, Tradability 66, Holdings 51, Durability 41.
Pillar letters and Scores for FDEC, TENJ, with each pillar’s weight
PillarFDECTENJ
Cost30% weightF11A86Higher
Mission25% weightNot scoredNot scored
Risk15% weightC54HigherC49
Tradability15% weightA84HigherB66
Holdings10% weightB60HigherC51
Durability5% weightA81HigherC41

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. FDEC 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 FDEC 49th 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 49CDHDGFT Vest U.S. Equity Quarterly 2.5 to 15 Buffer ETFScore 45
  6. Rank 49CFDECFT Vest U.S. Equity Buffer ETF - DecemberScore 45
  7. Rank 49CFSEPFT Vest U.S. Equity Buffer ETF - SeptemberScore 45

Our read on each fund

ETF.net Research

FDECCFT Vest U.S. Equity Buffer ETF - December

TENJBiShares Large Cap 10% Target Buffer Jun ETF

In short

FDEC The December door into First Trust's buffer ladder: it absorbs the first 10% of a drop in the big S&P 500 ETF over a one-year stretch, and trades away the rest of the upside above a cap that resets every December.

TENJ No data

Stated mandate

FDEC The Fund seeks to match the price return of the State Street SPDR S&P 500 ETF Trust, subject to a 14.75% upside cap and protection against the first 10% of losses during the stated outcome period.

TENJ No data

Why people hold it

  • FDEC Mechanically simple: the first 10% of the reference S&P 500 ETF's price decline is absorbed over each one-year outcome period, with a cap set fresh every December.ftportfolios.com
  • One of twelve monthly siblings running the same playbook (FJAN through FNOV), so a fresh outcome period is never far off and start months can be laddered.
  • Live since 2020 with assets in the billions, one of the settled, well-established names in the defined-outcome aisle.

TENJ No data

Worth knowing

  • FDEC 0.85% a year sits at the pricier end of the buffer shelf: BUFB charges 0.10% and ZALT 0.69% for a comparable 10% cushion.
  • It follows price return, so S&P 500 dividends are not passed through and the fund has not been making distributions.
  • Thinly traded for its size, and the stated buffer and cap apply in full only across a complete outcome period. Buy mid-period and your own terms differ.

TENJ No data

Full FDEC profile⁠

Full TENJ profile⁠

FDEC vs TENJ Holdings

How FDEC and TENJ differ

Overlap by weight

0.0%

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

Concentration

Weight in the 10 largest Holdings

  • FDEC101.1%
  • TENJ102.6%

Securities held

  • FDEC2
  • TENJ2

Asset class

FDEC
Multi-Asset
TENJ
Equity

Holdings

  • Only in FDEC2
  • In both0
  • Only in TENJ2

Only in FDEC

2 securities, 100% of FDEC by weight

  • 2026-12-18 State Street® SPDR® S&P 500® ETF Trust C 6.81100.22%
  • 2026-12-18 State Street® SPDR® S&P 500® ETF Trust P 680.590.50%

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

FDEC and TENJ share no securities.

All 4 FDEC 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.

FDEC vs TENJ Cost

Overpaying FDEC vs TENJ

$5,663

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

  • FDEC 0.85%

    $16,199

  • TENJ 0.53%

    $10,536

$10,000
30 years

Cost over time

  • FDEC 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$20K051015202530FDEC $16,199TENJ $10,536

Year by year

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

Expense ratio

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

TENJ 11th cheapest of 77 funds

FDEC 60th cheapest of 77 funds

FDEC vs TENJ Dividends

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

Distribution history

Per share, 2025 to 2026, same scale for both

FDECAll FDEC 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

FDEC vs TENJ Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years
FDEC 8.1%TENJ 8.6%since Nov 2025
Return per unit of riskSharpe ratio, 3 years
FDEC 1.51TENJ 0.90since Nov 2025
Worst fallMax drawdown, 5 years
FDEC −15.7%TENJ −5.5%since Oct 2025
Market sensitivityBeta, 5 years
FDEC 0.66TENJ 0.63

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