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MAYZ vs TENJ

TrueShares Structured Outcome (May) ETF

MAYZDCboe

iShares Large Cap 10% Target Buffer Jun ETF

TENJBCboe

Overlap

Expense ratio

TENJ −0.26pt a year

MAYZ0.79%TENJ0.53%

Avg volume · 30D

TENJ 9.6×the volume

MAYZ2.56KTENJ24.6K

MAYZ vs TENJ Performance

Oct 31, 2025 – Oct 30, 2026

+8.1%MAYZ+11.7%TENJ

Oct 31, 2025 to Oct 30, 2026. MAYZ +8.1%. TENJ +11.7%. Use the arrow keys to read each point.−5%0%5%15%Oct 2025Apr 2026Oct 2026
Expense ratio
MAYZ 0.79%
TENJ 0.53%, better
Fund size
MAYZ $34M
TENJ $47M
1Y total return
MAYZ +8.1%
TENJ +11.7%, better
Yield (12M)
MAYZ 1.98%
TENJ No data
Holdings
MAYZ 11
TENJ 4
Avg volume (30D)
MAYZ 2.56K sh
TENJ 24.6K sh, better
NAV per share
MAYZ $36.82
TENJ $28.09
52W range

ETF.net Grade

MAYZ: Cost 40, Risk 24, Mission not scored, Tradability 26, Holdings not scored, Durability 40. TENJ: Cost 86, Risk 49, Mission not scored, Tradability 66, Holdings 51, Durability 41.
Pillar letters and Scores for MAYZ, TENJ, with each pillar’s weight
PillarMAYZTENJ
Cost30% weightC40A86Higher
Mission25% weightNot scoredNot scored
Risk15% weightF24C49Higher
Tradability15% weightD26B66Higher
Holdings10% weightNot scoredC51
Durability5% weightC40C41Higher

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. MAYZ 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 MAYZ 75th 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 71DRSDEFT Vest U.S. Equity Equal Weight Buffer ETF - DecemberScore 34
  6. Rank 75DMAYZTrueShares Structured Outcome (May) ETFScore 33
  7. Rank 76DAPRZTrueShares Structured Outcome (April) ETFScore 32

Our read on each fund

ETF.net Research

MAYZDTrueShares Structured Outcome (May) ETF

TENJBiShares Large Cap 10% Target Buffer Jun ETF

In short

MAYZ A May-reset buffer fund with a twist: it aims to cushion the first 8% to 12% of S&P 500 price-index losses over each 12-month period, and its terms set no ceiling on the upside.

TENJ No data

Stated mandate

MAYZ The fund seeks to track the S&P 500 Price Return Index before fees while buffering the first 8% to 12% of index losses over a 12-month period. It uses an options-based buffer-protect strategy.

TENJ No data

Why people hold it

  • MAYZ The options-based buffer-protect design targets the first 8% to 12% of S&P 500 price-index losses over a 12-month stretch, with no stated upside cap in its buffer terms.
  • The outcome period resets each May 1 and runs a full year, so the calendar is known in advance rather than improvised.
  • Built as a 1940 Act ETF holding index options, not a bank-issued structured note, so the wrapper carries no single-issuer credit risk.
  • At 0.79%, the fee sits level with the best-known dated buffer funds, including Innovator's May-series fund (PMAY).

TENJ No data

Worth knowing

  • MAYZ The buffer is a range, not a fixed line, and it is measured across the whole outcome period. Entering mid-period changes both the remaining cushion and the return path.
  • Cheaper paths to buffered S&P 500 exposure exist, including laddered rivals PSFF (0.10%) and BUFP (0.50%).
  • A small fund that trades lightly, so bid-ask spreads can run wider than in the largest buffer ETFs.

TENJ No data

Full MAYZ profile⁠

Full TENJ profile⁠

MAYZ 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.

MAYZ vs TENJ Cost

Overpaying MAYZ vs TENJ

$4,638

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

  • MAYZ 0.79%

    $15,174

  • TENJ 0.53%

    $10,536

$10,000
30 years

Cost over time

  • MAYZ 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$20K051015202530MAYZ $15,174TENJ $10,536

Year by year

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

Expense ratio

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

TENJ 11th cheapest of 77 funds

MAYZ 34th cheapest of 77 funds

MAYZ vs TENJ Dividends

Last 12 months to Oct 30, 2026
Yield (12M)
MAYZ 1.98%
TENJ No data
Payout (12M)
MAYZ $0.72
TENJ No data
Last payment
MAYZ $0.72
TENJ $0.07
Ex-dividend
MAYZ Dec 24, 2025
TENJ Dec 23, 2025
Paid on
MAYZ Dec 26, 2025
TENJ Dec 29, 2025
Frequency
MAYZ Annual
TENJ Irregular

Distribution history

Per share, 2021 to 2026, same scale for both

MAYZAnnual · 5 paymentsAll MAYZ payments⁠
One bar per payment. 5 payments from 2021 to 2026 YTD. Dec 29, 2021 $0.51; Dec 29, 2022 $0.16; Dec 27, 2023 $0.72; Dec 27, 2024 $0.59; Dec 24, 2025 $0.72. Use the arrow keys to read each point.$0$0.5020232026YTD
TENJIrregular · 1 paymentAll TENJ payments⁠
One bar per payment. 1 payment from 2021 to 2026 YTD. Dec 23, 2025 $0.07. Use the arrow keys to read each point.$0$0.5020232026YTD

MAYZ vs TENJ Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years
MAYZ 10.2%TENJ 8.6%since Nov 2025
Return per unit of riskSharpe ratio, 3 years
MAYZ 1.15TENJ 0.90since Nov 2025
Worst fallMax drawdown, 5 years
MAYZ −19.3%TENJ −5.5%since Oct 2025
Market sensitivityBeta, 5 years
MAYZ 0.81TENJ 0.63

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