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SIXZ vs TENJ

AllianzIM U.S. Equity 6 Month Buffer10 May/Nov ETF

SIXZBCboe

iShares Large Cap 10% Target Buffer Jun ETF

TENJBCboe

Overlap

Expense ratio

TENJ −0.21pt a year

SIXZ0.74%TENJ0.53%

Avg volume · 30D

TENJ 4.5×the volume

SIXZ5.41KTENJ24.6K

SIXZ vs TENJ Performance

Oct 31, 2025 – Oct 30, 2026

+10.0%SIXZ+11.7%TENJ

Oct 31, 2025 to Oct 30, 2026. SIXZ +10.0%. TENJ +11.7%. Use the arrow keys to read each point.0%5%15%Oct 2025Apr 2026Oct 2026
Expense ratio
SIXZ 0.74%
TENJ 0.53%, better
Fund size
SIXZ $65M
TENJ $47M
1Y total return
SIXZ +10.0%
TENJ +11.7%, better
Holdings
SIXZ 3
TENJ 4
Avg volume (30D)
SIXZ 5.41K sh
TENJ 24.6K sh, better
NAV per share
SIXZ $32.80
TENJ $28.09
52W range

ETF.net Grade

SIXZ: Cost 68, Risk 63, Mission not scored, Tradability 34, Holdings 47, Durability 47. TENJ: Cost 86, Risk 49, Mission not scored, Tradability 66, Holdings 51, Durability 41.
Pillar letters and Scores for SIXZ, TENJ, with each pillar’s weight
PillarSIXZTENJ
Cost30% weightB68A86Higher
Mission25% weightNot scoredNot scored
Risk15% weightB63HigherC49
Tradability15% weightD34B66Higher
Holdings10% weightC47C51Higher
Durability5% weightC47HigherC41

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. SIXZ 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 SIXZ 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 23BSEPTAllianzIM U.S. Equity Buffer10 Sep ETFScore 56
  6. Rank 23BSIXZAllianzIM U.S. Equity 6 Month Buffer10 May/Nov ETFScore 56
  7. Rank 27CBJANInnovator U.S. Equity Buffer ETFScore 55

Our read on each fund

ETF.net Research

SIXZBAllianzIM U.S. Equity 6 Month Buffer10 May/Nov ETF

TENJBiShares Large Cap 10% Target Buffer Jun ETF

In short

SIXZ Most buffered ETFs lock you into a 12-month cycle. SIXZ runs six-month outcome periods, so the 10% downside buffer on the S&P 500 and the upside cap both reset every May and November.

TENJ No data

Stated mandate

SIXZ The Fund uses recurring six-month Outcome Periods and resets its upside Cap at each period. For the May 1–October 31, 2026 period, the SEC disclosed an estimated pre-fee Cap range of 6.00%–9.00%.

TENJ No data

Why people hold it

  • SIXZ Six-month outcome periods: the 10% buffer and the upside cap reset each May 1 and November 1 instead of sitting fixed for a full year.
  • At 0.74% a year, it charges less than the median fund in its shallow-buffer peer group.
  • Easy to trade for a defined-outcome fund, among the cleanest in its cohort, which matters most when you step in or out between reset dates.
  • Built as a registered 1940 Act fund tied to the SPDR S&P 500 ETF Trust, so you hold an ETF rather than a bank-issued structured note.

TENJ No data

Worth knowing

  • SIXZ The price of the buffer is a ceiling. Strong six-month runs get trimmed, and the new cap is only set when each period opens.
  • Buffer and cap are measured from the start of each outcome period. Buy midway and your own protection and upside differ from the headline terms.
  • 0.74% adds up next to plain index funds, and some buffer peers ask less (ZALT 0.69%, BUFB 0.10%). It also launched in 2024, so the record is short.

TENJ No data

Full SIXZ profile⁠

Full TENJ profile⁠

SIXZ 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.

SIXZ vs TENJ Cost

Overpaying SIXZ vs TENJ

$3,771

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

  • SIXZ 0.74%

    $14,307

  • TENJ 0.53%

    $10,536

$10,000
30 years

Cost over time

  • SIXZ 0.74%
  • 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$15K051015202530SIXZ $14,307TENJ $10,536

Year by year

YearSIXZTENJOverpaying
10$1,319$953$366
20$5,015$3,658$1,357
30$14,307$10,536$3,771

Expense ratio

  • 0.74%SIXZ
  • 0.53%TENJ, cheaper
  • Middle half of S&P 500 Buffer 9-12% funds
  • Median 0.79%

TENJ 11th cheapest of 77 funds

SIXZ 17th cheapest of 77 funds

SIXZ vs TENJ Dividends

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

Distribution history

Per share, 2025 to 2026, same scale for both

SIXZAll SIXZ 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

SIXZ vs TENJ Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years
SIXZ 6.0%since Jun 2024TENJ 8.6%since Nov 2025
Return per unit of riskSharpe ratio, 3 years
SIXZ 0.89since Jun 2024TENJ 0.90since Nov 2025
Worst fallMax drawdown, 5 years
SIXZ −10.3%since May 2024TENJ −5.5%since Oct 2025
Market sensitivityBeta, 5 years
SIXZ 0.50TENJ 0.63

SIXZ and TENJ in the news

All news⁠

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