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TENJ vs XTR

iShares Large Cap 10% Target Buffer Jun ETF

TENJBCboe

Global X S&P 500 Tail Risk ETF

XTRCNYSE Arca

Overlap

Expense ratio

XTR −0.28pt a year

TENJ0.53%XTR0.25%

Avg volume · 30D

TENJ 15.0×the volume

TENJ24.6KXTR1.64K

TENJ vs XTR Performance

Oct 31, 2025 – Oct 30, 2026

+11.7%TENJ+7.9%XTR

Oct 31, 2025 to Oct 30, 2026. TENJ +11.7%. XTR +7.9%. Use the arrow keys to read each point.−5%0%5%15%Oct 2025Apr 2026Oct 2026
Expense ratio
TENJ 0.53%
XTR 0.25%, better
Fund size
TENJ $47M
XTR $5M
1Y total return
TENJ +11.7%, better
XTR +7.9%
Yield (12M)
TENJ No data
XTR 16.45%
Holdings
TENJ 4
XTR 506
Avg volume (30D)
TENJ 24.6K sh, better
XTR 1.64K sh
NAV per share
TENJ $28.09
XTR $28.54
52W range

ETF.net Grade

TENJ: Cost 86, Risk 49, Mission not scored, Tradability 66, Holdings 51, Durability 41. XTR: Cost 100, Risk 18, Mission not scored, Tradability 13, Holdings 85, Durability 46.
Pillar letters and Scores for TENJ, XTR, with each pillar’s weight
PillarTENJXTR
Cost30% weightA86A100Higher
Mission25% weightNot scoredNot scored
Risk15% weightC49HigherF18
Tradability15% weightB66HigherF13
Holdings10% weightC51A85Higher
Durability5% weightC41C46Higher

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. TENJ and XTR 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 XTR 57th 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 57CXIDEFT Vest U.S. Equity Buffer & Premium Income ETF - DecemberScore 40
  6. Rank 57CXTRGlobal X S&P 500 Tail Risk ETFScore 40
  7. Rank 64DJULZTrueshares Structured Outcome (July) ETFScore 39

Our read on each fund

ETF.net Research

TENJBiShares Large Cap 10% Target Buffer Jun ETF

XTRCGlobal X S&P 500 Tail Risk ETF

In short

TENJ No data

XTR Most downside-protection ETFs sell away your upside to pay for it. XTR pays cash instead: it owns the S&P 500 stocks and buys 10% out-of-the-money puts every quarter, leaving the upside uncapped.

Stated mandate

TENJ No data

XTR The Fund seeks to track the performance of the Cboe S&P 500 Tail Risk Index before fees and expenses.

Why people hold it

TENJ No data

  • XTR No cap on the gains. The hedge is bought with cash rather than funded by selling calls, so index rallies come through less the put premium and fees.sec.gov
  • Costs 0.25%, well under half of what the defined-outcome funds it competes with typically charge for downside protection.
  • Owns the roughly 500 S&P 500 stocks themselves, with the put position layered on top, rather than wrapping the index in a stack of options.sec.gov
  • Rules-based and mechanical: puts are bought at 10% below the prevailing index level each quarter and held to expiration, with no manager guessing at timing.sec.gov

Worth knowing

TENJ No data

  • XTR Protection starts about 10% down and resets quarterly, so garden-variety dips are absorbed in full and the gap widens if the market rallies mid-quarter.sec.gov
  • Insurance is not free. The quarterly premium is a steady cost against plain index exposure, and in calm markets the puts expire worthless.sec.gov
  • A small fund that trades thinly, so limit orders matter and subscale products carry more risk of being closed than the category's giants.

Full TENJ profile⁠

Full XTR profile⁠

TENJ vs XTR Holdings

As of
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.

TENJ vs XTR Cost

Overpaying TENJ vs XTR

$5,377

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

  • TENJ 0.53%

    $10,536

  • XTR 0.25%

    $5,159

$10,000
30 years

Cost over time

  • TENJ 0.53%
  • XTR 0.25%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$2.5K$5K$7.5K$10K$12.5K051015202530TENJ $10,536XTR $5,159

Year by year

YearTENJXTROverpaying
10$953$455$498
20$3,658$1,769$1,889
30$10,536$5,159$5,377

Expense ratio

  • 0.53%TENJ
  • 0.25%XTR, cheaper
  • Middle half of S&P 500 Buffer 9-12% funds
  • Median 0.79%

XTR cheapest of 77 funds

TENJ 11th cheapest of 77 funds

TENJ vs XTR Dividends

Last 12 months to Oct 30, 2026
Yield (12M)
TENJ No data
XTR 16.45%
Payout (12M)
TENJ No data
XTR $4.69
Last payment
TENJ $0.07
XTR $0.08
Ex-dividend
TENJ Dec 23, 2025
XTR Jun 29, 2026
Paid on
TENJ Dec 29, 2025
XTR Jul 2, 2026
Frequency
TENJ Irregular
XTR Twice a year

Distribution history

Per share, 2021 to 2026, same scale for both

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$520232026YTD
XTRTwice a year · 10 paymentsAll XTR payments⁠
One bar per payment. 10 payments from 2021 to 2026 YTD. Dec 30, 2021 $0.64; Jun 29, 2022 $0.10; Dec 29, 2022 $0.15; Jun 29, 2023 $0.10; Dec 28, 2023 $0.19; Jun 27, 2024 $0.17; Dec 30, 2024 $5.55; Jun 27, 2025 $0.11; Dec 30, 2025 $4.61; Jun 29, 2026 $0.08. Use the arrow keys to read each point.$0$520232026YTD

TENJ vs XTR Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years
TENJ 8.6%since Nov 2025XTR 11.7%
Return per unit of riskSharpe ratio, 3 years
TENJ 0.90since Nov 2025XTR 1.19
Worst fallMax drawdown, 5 years
TENJ −5.5%since Oct 2025XTR −20.8%
Market sensitivityBeta, 5 years
TENJ 0.63XTR 0.94

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