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JULZ vs TENJ

Trueshares Structured Outcome (July) ETF

JULZDCboe

iShares Large Cap 10% Target Buffer Jun ETF

TENJBCboe

Overlap

0.0%by weight

Expense ratio

TENJ −0.26pt a year

JULZ0.79%TENJ0.53%

Avg volume · 30D

TENJ 5.8×the volume

JULZ4.27KTENJ24.6K

JULZ vs TENJ Performance

Oct 31, 2025 – Nov 2, 2026

+7.6%JULZ+11.3%TENJ

Oct 31, 2025 to Nov 2, 2026. JULZ +7.6%. TENJ +11.3%. Use the arrow keys to read each point.−5%0%5%15%Oct 2025May 2026Nov 2026
Expense ratio
JULZ 0.79%
TENJ 0.53%, better
Fund size
JULZ $38M
TENJ $47M
1Y total return
JULZ +7.6%
TENJ +11.3%, better
Yield (12M)
JULZ 11.07%
TENJ No data
Holdings
JULZ 9
TENJ 4
Avg volume (30D)
JULZ 4.27K sh
TENJ 24.6K sh, better
NAV per share
JULZ $45.66
TENJ $28.09
52W range

ETF.net Grade

JULZ: Cost 40, Risk 24, Mission not scored, Tradability 48, Holdings not scored, Durability 52. TENJ: Cost 86, Risk 49, Mission not scored, Tradability 66, Holdings 51, Durability 41.
Pillar letters and Scores for JULZ, TENJ, with each pillar’s weight
PillarJULZTENJ
Cost30% weightC40A86Higher
Mission25% weightNot scoredNot scored
Risk15% weightF24C49Higher
Tradability15% weightC48B66Higher
Holdings10% weightNot scoredC51
Durability5% weightC52HigherC41

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. JULZ 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 JULZ 64th 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 57CXTRGlobal X S&P 500 Tail Risk ETFScore 40
  6. Rank 64DJULZTrueshares Structured Outcome (July) ETFScore 39
  7. Rank 65DFHDGFT Vest U.S. Equity Quarterly Dynamic Buffer ETFScore 38

Our read on each fund

ETF.net Research

JULZDTrueshares Structured Outcome (July) ETF

TENJBiShares Large Cap 10% Target Buffer Jun ETF

In short

JULZ The buffer ETF that skips the ceiling. JULZ buffers the first 8% to 12% of a 12-month drop in the S&P 500 price index with no cap on the upside, the format TrueShares pioneered in 2020.

TENJ No data

Stated mandate

JULZ The Fund seeks to track the S&P 500 Price Return Index before fees and expenses while seeking to buffer the first 8%–12% of index losses over each 12-month period.

TENJ No data

Why people hold it

  • JULZ Most buffer funds pay for downside cushion with an upside cap. This one doesn't: the buffer targets the first 8% to 12% of index losses each 12-month period, no ceiling attached.true-shares.com
  • Running since 2020, from the shop that launched the uncapped buffer format. Sibling funds cover other start months (AUGZ, SEPZ, MARZ), so entry dates can be staggered across the year.true-shares.com
  • Fee of 0.79% sits right at the going rate for shallow-buffer S&P 500 funds, and the outcome period resets on a fixed annual calendar each July 1.

TENJ No data

Worth knowing

  • JULZ Uncapped is not the same as full upside. Participation in index gains can land under 100%, and the reference is the S&P 500 price index, so dividends sit outside the math.true-shares.com
  • The buffer is a targeted range (8% to 12%, aimed at 10%) measured over the full 12-month period, not a guarantee. Buy mid-period and your own cushion and exposure differ.true-shares.com
  • Small fund, thin trading, so spreads can run wider than the biggest buffer names. Laddered buffer peers such as BUFB charge materially less.

TENJ No data

Full JULZ profile⁠

Full TENJ profile⁠

JULZ vs TENJ Holdings

How JULZ and TENJ differ

Overlap by weight

0.0%

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

Level by level

  • Holdings0 in both0.0%
  • Asset classEquity100%
  • Countryby domicile99.5%

Sector

No Sector split for TENJ.

Country, concentration and asset class

Country by domicile

Country weights in JULZ and TENJ, widest gap first
CountryMore in JULZMore in TENJ
United StatesJULZ +0.4 points
SwitzerlandTENJ +0.3 points
ChinaTENJ +0.1 points
MexicoSame weight
IrelandSame weight
United KingdomSame weight

Concentration

Weight in the 10 largest Holdings

  • JULZ102.3%
  • TENJ102.6%

Securities held

  • JULZ3
  • TENJ2

Asset class

JULZ
Equity
TENJ
Equity

Holdings

  • Only in JULZ3
  • In both0
  • Only in TENJ2

Only in JULZ

3 securities, 96.0% of JULZ by weight

  • Treasury Bill B 06/10/2795.84%
  • State Street Inst U.s. Government Mmkt Admn Class0.08%
  • Broker Sweep0.03%

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

JULZ and TENJ share no securities.

All 10 JULZ 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.

JULZ vs TENJ Cost

Overpaying JULZ vs TENJ

$4,638

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

  • JULZ 0.79%

    $15,174

  • TENJ 0.53%

    $10,536

$10,000
30 years

Cost over time

  • JULZ 0.79%
  • 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$20K051015202530JULZ $15,174TENJ $10,536

Year by year

YearJULZTENJOverpaying
10$1,405$953$452
20$5,331$3,658$1,673
30$15,174$10,536$4,638

Expense ratio

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

TENJ 11th cheapest of 77 funds

JULZ 34th cheapest of 77 funds

JULZ vs TENJ Dividends

Last 12 months to Nov 2, 2026
Yield (12M)
JULZ 11.07%
TENJ No data
Payout (12M)
JULZ $5.04
TENJ No data
Last payment
JULZ $5.04
TENJ $0.07
Ex-dividend
JULZ Dec 24, 2025
TENJ Dec 23, 2025
Paid on
JULZ Dec 26, 2025
TENJ Dec 29, 2025
Frequency
JULZ Annual
TENJ Irregular

Distribution history

Per share, 2022 to 2026, same scale for both

JULZAnnual · 4 paymentsAll JULZ payments⁠
One bar per payment. 4 payments from 2022 to 2026 YTD. Dec 29, 2022 $0.02; Dec 27, 2023 $1.30; Dec 27, 2024 $1.37; Dec 24, 2025 $5.04. Use the arrow keys to read each point.$0$520232026YTD
TENJIrregular · 1 paymentAll TENJ payments⁠
One bar per payment. 1 payment from 2022 to 2026 YTD. Dec 23, 2025 $0.07. Use the arrow keys to read each point.$0$520232026YTD

JULZ vs TENJ Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years
JULZ 10.1%TENJ 8.6%since Nov 2025
Return per unit of riskSharpe ratio, 3 years
JULZ 1.15TENJ 0.90since Nov 2025
Worst fallMax drawdown, 5 years
JULZ −14.7%TENJ −5.5%since Oct 2025
Market sensitivityBeta, 5 years
JULZ 0.80TENJ 0.63

Popular comparisons

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