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PJUN vs TENJ

Innovator U.S. Equity Power Buffer ETF - June

PJUNBCboe

iShares Large Cap 10% Target Buffer Jun ETF

TENJBCboe

Overlap

Expense ratio

TENJ −0.26pt a year

PJUN0.79%TENJ0.53%

Avg volume · 30D

PJUN 2.2×the volume

PJUN53.4KTENJ24.6K

PJUN vs TENJ Performance

Oct 31, 2025 – Oct 30, 2026

+5.9%PJUN+11.7%TENJ

Oct 31, 2025 to Oct 30, 2026. PJUN +5.9%. TENJ +11.7%. Use the arrow keys to read each point.0%15%Oct 2025Apr 2026Oct 2026
Expense ratio
PJUN 0.79%
TENJ 0.53%, better
Fund size
PJUN $871M
TENJ $47M
1Y total return
PJUN +5.9%
TENJ +11.7%, better
Holdings
PJUN 3
TENJ 4
Avg volume (30D)
PJUN 53.4K sh, better
TENJ 24.6K sh
NAV per share
PJUN $43.89
TENJ $28.09
52W range

ETF.net Grade

PJUN: Cost 40, Risk 72, Mission not scored, Tradability 65, Holdings not scored, Durability 84. TENJ: Cost 86, Risk 49, Mission not scored, Tradability 66, Holdings 51, Durability 41.
Pillar letters and Scores for PJUN, TENJ, with each pillar’s weight
PillarPJUNTENJ
Cost30% weightC40A86Higher
Mission25% weightNot scoredNot scored
Risk15% weightA72HigherC49
Tradability15% weightB65B66Higher
Holdings10% weightNot scoredC51
Durability5% weightA84HigherC41

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. PJUN 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 PJUN 23rd 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 23BBOCTInnovator U.S. Equity Buffer ETFScore 56
  6. Rank 23BPJUNInnovator U.S. Equity Power Buffer ETF - JuneScore 56
  7. Rank 23BSEPTAllianzIM U.S. Equity Buffer10 Sep ETFScore 56

Our read on each fund

ETF.net Research

PJUNBInnovator U.S. Equity Power Buffer ETF - June

TENJBiShares Large Cap 10% Target Buffer Jun ETF

In short

PJUN The June rung on Innovator's buffer ladder. PJUN pairs SPY-linked equity exposure with a built-in downside cushion and, as the price of that cushion, a ceiling on the upside. Every June it resets and the terms start over.

TENJ No data

Stated mandate

PJUN The fund seeks to match the performance of SPY up to a predetermined upside cap while buffering the first 9% of losses over the applicable outcome period.

TENJ No data

Why people hold it

  • PJUN Fee of 0.79% lands right at the median for its buffer-ETF cohort. You pay the going rate for the structure, not a premium.
  • Among the easiest funds in its peer group to get in and out of, which matters when your entry date sets your terms.
  • Live since 2019 and through many annual resets, with assets in the hundreds of millions. A seasoned version of a young idea.
  • Sits in the top quartile of a crowded shallow-buffer cohort, one of the stronger implementations of the format.

TENJ No data

Worth knowing

  • PJUN The cushion is paid for with a cap. The ceiling is fixed at each June reset, and a roaring year in SPY gets clipped there.
  • Buffer and cap are designed to land over a full outcome period. Buy mid-period and your actual cushion and ceiling differ from the headline terms.
  • Cheaper buffered exposure exists in the same cohort, including laddered BUFB at 0.10% and ZALT at 0.69%. No cash distributions here either.

TENJ No data

Full PJUN profile⁠

Full TENJ profile⁠

PJUN 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.

PJUN vs TENJ Cost

Overpaying PJUN vs TENJ

$4,638

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

  • PJUN 0.79%

    $15,174

  • TENJ 0.53%

    $10,536

$10,000
30 years

Cost over time

  • PJUN 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$20K051015202530PJUN $15,174TENJ $10,536

Year by year

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

Expense ratio

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

TENJ 11th cheapest of 77 funds

PJUN 34th cheapest of 77 funds

PJUN vs TENJ Dividends

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

Distribution history

Per share, 2025 to 2026, same scale for both

PJUNAll PJUN 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

PJUN vs TENJ Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years
PJUN 5.5%TENJ 8.6%since Nov 2025
Return per unit of riskSharpe ratio, 3 years
PJUN 1.34TENJ 0.90since Nov 2025
Worst fallMax drawdown, 5 years
PJUN −12.5%TENJ −5.5%since Oct 2025
Market sensitivityBeta, 5 years
PJUN 0.39TENJ 0.63

Popular comparisons

  • PJUNBvsZALTA

    Innovator U.S. Equity Power Buffer ETF - June · Innovator U.S. Equity 10 Buffer ETF - Quarterly

    Expense ratio
    0.79% · 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
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    Category
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  • TENJBvsAUGPB

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    Expense ratio
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    Category
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  • PJUNBvsSIXJB

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    Expense ratio
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    Category
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  • TENJBvsSIXJB

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

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