BLCV vs. TENJ
BLCV (Blackrock Large Cap Value ETF) and TENJ (iShares Large Cap 10% Target Buffer Jun ETF) are both exchange-traded funds - BLCV is a Large Cap Value Equities fund actively managed by BlackRock, while TENJ is a Defined Outcome fund actively managed by BlackRock. Both are actively managed. A 0.70 correlation means they provide meaningful diversification when combined. BLCV charges 0.55%/yr vs 0.50%/yr for TENJ.
Performance
BLCV vs. TENJ - Performance Comparison
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Returns By Period
In the year-to-date period, BLCV achieves a 6.47% return, which is significantly lower than TENJ's 6.89% return.
BLCV
- 1D
- -1.81%
- 1M
- 0.18%
- YTD
- 6.47%
- 6M
- 5.91%
- 1Y
- 18.72%
- 3Y*
- 18.17%
- 5Y*
- —
- 10Y*
- —
TENJ
- 1D
- -0.95%
- 1M
- -0.09%
- YTD
- 6.89%
- 6M
- 6.43%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
BLCV vs. TENJ - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
BLCV Blackrock Large Cap Value ETF | 6.47% | 4.14% |
TENJ iShares Large Cap 10% Target Buffer Jun ETF | 6.89% | 2.22% |
Correlation
The correlation between BLCV and TENJ is 0.70, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Oct 22, 2025 | 0.70 |
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Return for Risk
BLCV vs. TENJ - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Blackrock Large Cap Value ETF (BLCV) and iShares Large Cap 10% Target Buffer Jun ETF (TENJ). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| BLCV | TENJ | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.32 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 2.11 | — | — |
| Martin ratioReturn relative to average drawdown | 8.49 | — | — |
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Drawdowns
BLCV vs. TENJ - Drawdown Comparison
The maximum BLCV drawdown since its inception was -13.44%, which is greater than TENJ's maximum drawdown of -5.51%. Use the drawdown chart below to compare losses from any high point for BLCV and TENJ.
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Drawdown Indicators
| BLCV | TENJ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -13.44% | -5.51% | -7.93% |
Max Drawdown (1Y)Largest decline over 1 year | -9.92% | — | — |
Max Drawdown (3Y)Largest decline over 3 years | -13.44% | — | — |
Current DrawdownCurrent decline from peak | -1.81% | -1.25% | -0.56% |
Average DrawdownAverage peak-to-trough decline | -2.05% | -0.83% | -1.22% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.46% | — | — |
Volatility
BLCV vs. TENJ - Volatility Comparison
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Volatility by Period
| BLCV | TENJ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.36% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 9.03% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 11.65% | 8.55% | +3.10% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 12.81% | 8.55% | +4.26% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 12.81% | 8.55% | +4.26% |
BLCV vs. TENJ - Expense Ratio Comparison
BLCV has a 0.55% expense ratio, which is higher than TENJ's 0.50% expense ratio.
Dividends
BLCV vs. TENJ - Dividend Comparison
BLCV has not paid dividends to shareholders, while TENJ's dividend yield for the trailing twelve months is around 0.26%.
| Position | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
BLCV Blackrock Large Cap Value ETF | 1.01% | 1.37% | 1.63% | 1.02% |
TENJ iShares Large Cap 10% Target Buffer Jun ETF | 0.26% | 0.28% | 0.00% | 0.00% |
Frequently Asked Questions
BLCV and TENJ have a correlation of 0.70, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, TENJ is cheaper at 0.50% per year. The better choice depends on whether you care most about return, fees, risk, or income.
TENJ is cheaper with a 0.50% expense ratio, compared with 0.55% for BLCV.
BLCV has the higher dividend yield at 1.01%, compared with 0.26% for TENJ.
BLCV is categorized as Large Cap Value Equities, while TENJ is Defined Outcome. Their fees differ too: 0.55% for BLCV and 0.50% for TENJ.
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