Skip to content
etf.net

FOCT vs TENJ

FT Vest U.S. Equity Buffer ETF - October

FOCTCCboe

iShares Large Cap 10% Target Buffer Jun ETF

TENJBCboe

Overlap

Expense ratio

TENJ −0.32pt a year

FOCT0.85%TENJ0.53%

Avg volume · 30D

FOCT 1.3×the volume

FOCT33.1KTENJ24.6K

FOCT vs TENJ Performance

Oct 31, 2025 – Oct 30, 2026

+11.9%FOCT+11.7%TENJ

Oct 31, 2025 to Oct 30, 2026. FOCT +11.9%. TENJ +11.7%. Use the arrow keys to read each point.0%5%15%Oct 2025Apr 2026Oct 2026
Expense ratio
FOCT 0.85%
TENJ 0.53%, better
Fund size
FOCT $1.28B
TENJ $47M
1Y total return
FOCT +11.9%, better
TENJ +11.7%
Holdings
FOCT 3
TENJ 4
Avg volume (30D)
FOCT 33.1K sh, better
TENJ 24.6K sh
NAV per share
FOCT $54.41
TENJ $28.09
52W range

ETF.net Grade

FOCT: Cost 11, Risk 47, Mission not scored, Tradability 70, Holdings 57, Durability 82. TENJ: Cost 86, Risk 49, Mission not scored, Tradability 66, Holdings 51, Durability 41.
Pillar letters and Scores for FOCT, TENJ, with each pillar’s weight
PillarFOCTTENJ
Cost30% weightF11A86Higher
Mission25% weightNot scoredNot scored
Risk15% weightC47C49Higher
Tradability15% weightA70HigherB66
Holdings10% weightB57HigherC51
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. FOCT 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 FOCT 57th 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 57CAUGCCorgi U.S. Equities 10% Structured Buffer ETF - August SeriesScore 40
  6. Rank 57CFOCTFT Vest U.S. Equity Buffer ETF - OctoberScore 40
  7. Rank 57CJULCCorgi U.S. Equities 10% Structured Buffer ETF - July SeriesScore 40

Our read on each fund

ETF.net Research

FOCTCFT Vest U.S. Equity Buffer ETF - October

TENJBiShares Large Cap 10% Target Buffer Jun ETF

In short

FOCT One of twelve month-dated buffer funds from First Trust, FOCT absorbs the first 10% of a year's decline in the SPDR S&P 500 fund it tracks, in exchange for an upside cap fixed each October. Index exposure with the sharp edges sanded down.

TENJ No data

Stated mandate

FOCT The Fund seeks to match the price return of the State Street SPDR S&P 500 ETF Trust, subject to a 15.09% upside cap, while protecting the first 10% of losses during the October 20, 2025–October 16, 2026 target-outcome period.

TENJ No data

Why people hold it

  • FOCT The trade is spelled out up front: the first 10% of the reference fund's price decline absorbed over the year, upside capped at a level set on the October reset day.ftportfolios.com
  • Twelve siblings, one per calendar month (FSEP, FNOV and the rest), so the reset date is a choice rather than a constraint, and the terms reset on the same schedule every year.
  • Running since 2020 and now a multi-billion-dollar fund, so this October dial has already rolled through a stack of full outcome periods.

TENJ No data

Worth knowing

  • FOCT Buy mid-period and you inherit whatever cap and buffer are left that day, not the headline terms. The full deal belongs to whoever holds from one October reset to the next.ftportfolios.com
  • 0.85% a year sits on the higher side of its buffer-fund cohort, where the median is closer to 0.79%. Downside protection carries a sticker price.
  • The target is price return, so dividends from the underlying S&P 500 fund don't come along for the ride. This one has not been paying distributions.

TENJ No data

Full FOCT profile⁠

Full TENJ profile⁠

FOCT 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.

FOCT vs TENJ Cost

Overpaying FOCT vs TENJ

$5,663

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

  • FOCT 0.85%

    $16,199

  • TENJ 0.53%

    $10,536

$10,000
30 years

Cost over time

  • FOCT 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$20K051015202530FOCT $16,199TENJ $10,536

Year by year

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

Expense ratio

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

TENJ 11th cheapest of 77 funds

FOCT 60th cheapest of 77 funds

FOCT vs TENJ Dividends

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

Distribution history

Per share, 2025 to 2026, same scale for both

FOCTAll FOCT 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

FOCT vs TENJ Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years
FOCT 7.6%TENJ 8.6%since Nov 2025
Return per unit of riskSharpe ratio, 3 years
FOCT 1.30TENJ 0.90since Nov 2025
Worst fallMax drawdown, 5 years
FOCT −14.1%TENJ −5.5%since Oct 2025
Market sensitivityBeta, 5 years
FOCT 0.64TENJ 0.63

FOCT and TENJ in the news

All news⁠

Popular comparisons

  • FOCTCvsZALTA

    FT Vest U.S. Equity Buffer ETF - October · Innovator U.S. Equity 10 Buffer ETF - Quarterly

    Expense ratio
    0.85% · 0.69%
    Category
    Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

  • TENJBvsZALTA

    iShares Large Cap 10% Target Buffer Jun ETF · Innovator U.S. Equity 10 Buffer ETF - Quarterly

    Expense ratio
    0.53% · 0.69%
    Category
    Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

  • FOCTCvsAUGPB

    FT Vest U.S. Equity Buffer ETF - October · PGIM S&P 500 Buffer 12 ETF - August

    Expense ratio
    0.85% · 0.50%
    Category
    Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

  • TENJBvsAUGPB

    iShares Large Cap 10% Target Buffer Jun ETF · PGIM S&P 500 Buffer 12 ETF - August

    Expense ratio
    0.53% · 0.50%
    Category
    Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

  • FOCTCvsSIXJB

    FT Vest U.S. Equity Buffer ETF - October · AllianzIM U.S. Equity 6 Month Buffer10 Jan/Jul ETF

    Expense ratio
    0.85% · 0.74%
    Category
    Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

  • TENJBvsSIXJB

    iShares Large Cap 10% Target Buffer Jun ETF · AllianzIM U.S. Equity 6 Month Buffer10 Jan/Jul ETF

    Expense ratio
    0.53% · 0.74%
    Category
    Same Category. Both funds are graded against the same funds, so their Grades compare head to head.