BLCV vs. TENM

Last updated Jul 17, 2026

BLCV (Blackrock Large Cap Value ETF) and TENM (iShares Large Cap 10% Target Buffer Mar ETF) are both exchange-traded funds - BLCV is a Large Cap Value Equities fund actively managed by BlackRock, while TENM is a Defined Outcome fund actively managed by BlackRock. Both are actively managed. A 0.65 correlation means they provide meaningful diversification when combined. BLCV charges 0.55%/yr vs 0.50%/yr for TENM.

Performance

BLCV vs. TENM - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Blackrock Large Cap Value ETF (BLCV) and iShares Large Cap 10% Target Buffer Mar ETF (TENM). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

BLCV

• 1D: —
• 1M: —
• 6M: —
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

TENM

• 1D: -0.22%
• 1M: 0.61%
• 6M: 5.81%
• YTD: 6.89%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

BLCV vs. TENM - Yearly Performance Comparison

	2026 (YTD)	2025
BLCV Blackrock Large Cap Value ETF	6.47%	4.14%
TENM iShares Large Cap 10% Target Buffer Mar ETF	6.89%	2.04%

Correlation

The correlation between BLCV and TENM is 0.65, 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	0.65

Return for Risk

BLCV vs. TENM - 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 Mar ETF (TENM). 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.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Drawdowns

Drawdown Indicators

	BLCV	TENM	Difference
Max Drawdown Largest peak-to-trough decline	—	-3.61%	—
Current Drawdown Current decline from peak	—	-0.22%	—
Average Drawdown Average peak-to-trough decline	—	-0.66%	—

Volatility

Volatility by Period

	BLCV	TENM	Difference
Volatility (1Y) Calculated over the trailing 1-year period	—	6.53%	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	—	6.53%	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	—	6.53%	—

BLCV vs. TENM - Expense Ratio Comparison

BLCV has a 0.55% expense ratio, which is higher than TENM's 0.50% expense ratio.

Dividends

BLCV vs. TENM - Dividend Comparison

BLCV has not paid dividends to shareholders, while TENM's dividend yield for the trailing twelve months is around 0.28%.

Position	TTM	2025	2024	2023
BLCV Blackrock Large Cap Value ETF	1.01%	1.37%	1.63%	1.02%
TENM iShares Large Cap 10% Target Buffer Mar ETF	0.28%	0.29%	0.00%	0.00%

Frequently Asked Questions

Can I hold both BLCV and TENM in my portfolio?

BLCV and TENM have a correlation of 0.65, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, BLCV or TENM?

On fees, TENM is cheaper at 0.50% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, BLCV or TENM?

TENM is cheaper with a 0.50% expense ratio, compared with 0.55% for BLCV.

Which ETF pays a higher dividend yield, BLCV or TENM?

BLCV has the higher dividend yield at 1.01%, compared with 0.28% for TENM.

What is the main difference between BLCV and TENM?

BLCV is categorized as Large Cap Value Equities, while TENM is Defined Outcome. Their fees differ too: 0.55% for BLCV and 0.50% for TENM.