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OCTZ vs TENJ

TrueShares Structured Outcome (October) ETF

OCTZCCboe

iShares Large Cap 10% Target Buffer Jun ETF

TENJBCboe

Overlap

Expense ratio

TENJ −0.26pt a year

OCTZ0.79%TENJ0.53%

Avg volume · 30D

TENJ 9.9×the volume

OCTZ2.5KTENJ24.6K

OCTZ vs TENJ Performance

Oct 31, 2025 – Oct 30, 2026

+8.0%OCTZ+11.7%TENJ

Oct 31, 2025 to Oct 30, 2026. OCTZ +8.0%. TENJ +11.7%. Use the arrow keys to read each point.−5%0%5%15%Oct 2025Apr 2026Oct 2026
Expense ratio
OCTZ 0.79%
TENJ 0.53%, better
Fund size
OCTZ $43M
TENJ $47M
1Y total return
OCTZ +8.0%
TENJ +11.7%, better
Yield (12M)
OCTZ 3.70%
TENJ No data
Holdings
OCTZ 5
TENJ 4
Avg volume (30D)
OCTZ 2.5K sh
TENJ 24.6K sh, better
NAV per share
OCTZ $46.55
TENJ $28.09
52W range

ETF.net Grade

OCTZ: Cost 40, Risk 24, Mission not scored, Tradability 27, Holdings 100, Durability 39. TENJ: Cost 86, Risk 49, Mission not scored, Tradability 66, Holdings 51, Durability 41.
Pillar letters and Scores for OCTZ, TENJ, with each pillar’s weight
PillarOCTZTENJ
Cost30% weightC40A86Higher
Mission25% weightNot scoredNot scored
Risk15% weightF24C49Higher
Tradability15% weightD27B66Higher
Holdings10% weightA100HigherC51
Durability5% weightD39C41Higher

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. OCTZ 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 OCTZ 56th 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 55CFJUNFT Vest U.S. Equity Buffer ETF - JuneScore 43
  6. Rank 56COCTZTrueShares Structured Outcome (October) ETFScore 42
  7. Rank 57CAUGCCorgi U.S. Equities 10% Structured Buffer ETF - August SeriesScore 40

Our read on each fund

ETF.net Research

OCTZCTrueShares Structured Outcome (October) ETF

TENJBiShares Large Cap 10% Target Buffer Jun ETF

In short

OCTZ Most buffer ETFs trade away your upside for downside protection. OCTZ skips the hard cap: it targets a 10% cushion against S&P 500 price losses over a 12-month October-to-October period, and leaves the upside open.

TENJ No data

Stated mandate

OCTZ The fund seeks to track the S&P 500 Price Return Index before fees and expenses while protecting the first 8% to 12% of index losses over a twelve-month period.

TENJ No data

Why people hold it

  • OCTZ No hard cap. It buffers the first 8% to 12% of S&P 500 price index losses per period (10% target) while leaving upside open, the design TrueShares built its lineup on.true-shares.com
  • Fixed calendar: each outcome period runs October 1 to September 30, then resets, so the buffer's start and end dates are known up front.true-shares.com
  • October is one of several monthly-dated siblings on the same index (JANZ, MAYZ, NOVZ, DECZ), so the entry month can be picked or laddered across the year.
  • Trading since 2020, one of the longer-running uncapped buffer funds on the S&P 500 price index.true-shares.com

TENJ No data

Worth knowing

  • OCTZ The buffer is a full-period outcome: buy mid-period and your cushion and starting level differ. Past the buffer, losses follow the index one for one.sec.gov
  • The options reference the S&P 500 price index, so shareholders forgo the index's dividends.sec.gov
  • Small and thinly traded, so spreads can run wider than at the largest buffer funds; 0.79% is the peer median but above laddered options like PSFF (0.10%).

TENJ No data

Full OCTZ profile⁠

Full TENJ profile⁠

OCTZ 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.

OCTZ vs TENJ Cost

Overpaying OCTZ vs TENJ

$4,638

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

  • OCTZ 0.79%

    $15,174

  • TENJ 0.53%

    $10,536

$10,000
30 years

Cost over time

  • OCTZ 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$20K051015202530OCTZ $15,174TENJ $10,536

Year by year

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

Expense ratio

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

TENJ 11th cheapest of 77 funds

OCTZ 34th cheapest of 77 funds

OCTZ vs TENJ Dividends

Last 12 months to Oct 30, 2026
Yield (12M)
OCTZ 3.70%
TENJ No data
Payout (12M)
OCTZ $1.70
TENJ No data
Last payment
OCTZ $1.70
TENJ $0.07
Ex-dividend
OCTZ Dec 24, 2025
TENJ Dec 23, 2025
Paid on
OCTZ Dec 26, 2025
TENJ Dec 29, 2025
Frequency
OCTZ Annual
TENJ Irregular

Distribution history

Per share, 2022 to 2026, same scale for both

OCTZAnnual · 4 paymentsAll OCTZ payments⁠
One bar per payment. 4 payments from 2022 to 2026 YTD. Dec 29, 2022 $0.20; Dec 27, 2023 $1.09; Dec 27, 2024 $0.49; Dec 24, 2025 $1.70. Use the arrow keys to read each point.$0$220232026YTD
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$220232026YTD

OCTZ vs TENJ Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years
OCTZ 9.4%TENJ 8.6%since Nov 2025
Return per unit of riskSharpe ratio, 3 years
OCTZ 1.25TENJ 0.90since Nov 2025
Worst fallMax drawdown, 5 years
OCTZ −15.8%TENJ −5.5%since Oct 2025
Market sensitivityBeta, 5 years
OCTZ 0.71TENJ 0.63

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