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FJAN vs TENJ

FT Vest U.S. Equity Buffer ETF - January

FJANCCboe

iShares Large Cap 10% Target Buffer Jun ETF

TENJBCboe

Overlap

Expense ratio

TENJ −0.32pt a year

FJAN0.85%TENJ0.53%

Avg volume · 30D

TENJ 1.1×the volume

FJAN21.8KTENJ24.6K

FJAN vs TENJ Performance

Oct 31, 2025 – Oct 30, 2026

+11.4%FJAN+11.7%TENJ

Oct 31, 2025 to Oct 30, 2026. FJAN +11.4%. TENJ +11.7%. Use the arrow keys to read each point.0%5%15%Oct 2025Apr 2026Oct 2026
Expense ratio
FJAN 0.85%
TENJ 0.53%, better
Fund size
FJAN $1.48B
TENJ $47M
1Y total return
FJAN +11.4%
TENJ +11.7%, better
Holdings
FJAN 3
TENJ 4
Avg volume (30D)
FJAN 21.8K sh
TENJ 24.6K sh, better
NAV per share
FJAN $56.43
TENJ $28.09
52W range

ETF.net Grade

FJAN: Cost 11, Risk 53, Mission not scored, Tradability 77, Holdings 62, Durability 86. TENJ: Cost 86, Risk 49, Mission not scored, Tradability 66, Holdings 51, Durability 41.
Pillar letters and Scores for FJAN, TENJ, with each pillar’s weight
PillarFJANTENJ
Cost30% weightF11A86Higher
Mission25% weightNot scoredNot scored
Risk15% weightC53HigherC49
Tradability15% weightA77HigherB66
Holdings10% weightB62HigherC51
Durability5% weightA86HigherC41

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. FJAN 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 FJAN 53rd 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 49CXBFRInnovator Equity Managed 10 Buffer ETFScore 45
  6. Rank 53CFJANFT Vest U.S. Equity Buffer ETF - JanuaryScore 44
  7. Rank 53CFNOVFT Vest U.S. Equity Buffer ETF - NovemberScore 44

Our read on each fund

ETF.net Research

FJANCFT Vest U.S. Equity Buffer ETF - January

TENJBiShares Large Cap 10% Target Buffer Jun ETF

In short

FJAN A defined slice of SPY: the first 10% of losses absorbed, the upside capped, the whole deal rewritten every January for a fresh 12 months. One of twelve monthly-dated siblings in First Trust's buffer lineup, so the start date is yours to pick.

TENJ No data

Stated mandate

FJAN The Fund seeks to match the price return of the State Street® SPDR® S&P 500® ETF Trust up to a stated upside cap, while buffering the first 10% of losses during the current outcome period.

TENJ No data

Why people hold it

  • FJAN The payoff is spelled out in advance: first 10% of SPY's price decline absorbed, upside capped at a stated level, terms reset each January for the next 12 months.ftportfolios.com
  • Twelve dated siblings run the same 10% buffer (FFEB, FMAR, FAPR and on down the calendar), so money can be laddered across start months instead of riding one January entry.ftportfolios.com
  • Live since 2021 and now a multi-billion-dollar fund, it has cycled through repeated annual resets rather than a single outcome window.

TENJ No data

Worth knowing

  • FJAN 0.85% a year is the price of the options package. Cheaper builds of the same buffer idea exist, including ZALT at 0.69% and BUFB at 0.10%.
  • Buy mid-period and you get whatever cap and buffer remain, not the headline terms. The stated 10% runs reset to reset, not from your purchase date.ftportfolios.com
  • Thinly traded for its size, so limit orders earn their keep. It is built around price outcomes, not a distribution stream.

TENJ No data

Full FJAN profile⁠

Full TENJ profile⁠

FJAN 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.

FJAN vs TENJ Cost

Overpaying FJAN vs TENJ

$5,663

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

  • FJAN 0.85%

    $16,199

  • TENJ 0.53%

    $10,536

$10,000
30 years

Cost over time

  • FJAN 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$20K051015202530FJAN $16,199TENJ $10,536

Year by year

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

Expense ratio

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

TENJ 11th cheapest of 77 funds

FJAN 60th cheapest of 77 funds

FJAN vs TENJ Dividends

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

Distribution history

Per share, 2025 to 2026, same scale for both

FJANAll FJAN 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

FJAN vs TENJ Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years
FJAN 7.6%TENJ 8.6%since Nov 2025
Return per unit of riskSharpe ratio, 3 years
FJAN 1.45TENJ 0.90since Nov 2025
Worst fallMax drawdown, 5 years
FJAN −13.6%TENJ −5.5%since Oct 2025
Market sensitivityBeta, 5 years
FJAN 0.58TENJ 0.63

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