JULB vs. TENJ

Last updated Jun 4, 2026

JULB (Aptus July Buffer ETF) and TENJ (iShares Large Cap 10% Target Buffer Jun ETF) are both Defined Outcome funds. Both are actively managed. With a 0.97 correlation, they move nearly in lockstep. JULB charges 0.25%/yr vs 0.50%/yr for TENJ.

Performance

JULB vs. TENJ - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Aptus July Buffer ETF (JULB) and iShares Large Cap 10% Target Buffer Jun ETF (TENJ). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, JULB achieves a 6.35% return, which is significantly lower than TENJ's 7.73% return.

JULB

• 1D: -0.07%
• 1M: 2.40%
• YTD: 6.35%
• 6M: 6.93%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

TENJ

• 1D: -0.15%
• 1M: 3.28%
• YTD: 7.73%
• 6M: 8.24%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

JULB vs. TENJ - Yearly Performance Comparison

	2026 (YTD)	2025
JULB Aptus July Buffer ETF	6.35%	1.99%
TENJ iShares Large Cap 10% Target Buffer Jun ETF	7.73%	2.22%

Correlation

The correlation between JULB and TENJ is 0.97 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.

	Correlation
Correlation (All Time) Calculated using the full available price history since Oct 23, 2025	0.97

Return for Risk

JULB vs. TENJ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Aptus July Buffer ETF (JULB) 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.

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

Sharpe Ratios by Period

	JULB	TENJ	Difference
Sharpe Ratio (All Time) Calculated using the full available price history	2.17	2.12	+0.05

Drawdowns

JULB vs. TENJ - Drawdown Comparison

The maximum JULB drawdown since its inception was -5.24%, roughly equal to the maximum TENJ drawdown of -5.51%. Use the drawdown chart below to compare losses from any high point for JULB and TENJ.

Drawdown Indicators

	JULB	TENJ	Difference
Max Drawdown Largest peak-to-trough decline	-5.24%	-5.51%	+0.27%
Current Drawdown Current decline from peak	-0.07%	-0.15%	+0.08%
Average Drawdown Average peak-to-trough decline	-0.87%	-0.83%	-0.04%

Volatility

Volatility by Period

	JULB	TENJ	Difference
Volatility (1Y) Calculated over the trailing 1-year period	6.81%	8.17%	-1.36%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	6.81%	8.17%	-1.36%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	6.81%	8.17%	-1.36%

JULB vs. TENJ - Expense Ratio Comparison

JULB has a 0.25% expense ratio, which is lower than TENJ's 0.50% expense ratio.

Dividends

JULB vs. TENJ - Dividend Comparison

JULB has not paid dividends to shareholders, while TENJ's dividend yield for the trailing twelve months is around 0.26%.

Position	TTM	2025
JULB Aptus July Buffer ETF	0.00%	0.00%
TENJ iShares Large Cap 10% Target Buffer Jun ETF	0.26%	0.28%

Frequently Asked Questions

Can I hold both JULB and TENJ in my portfolio?

With a correlation of 0.97, JULB and TENJ move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which ETF is better, JULB or TENJ?

On fees, JULB is cheaper at 0.25% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, JULB or TENJ?

JULB is cheaper with a 0.25% expense ratio, compared with 0.50% for TENJ.

Which ETF pays a higher dividend yield, JULB or TENJ?

TENJ has the higher dividend yield at 0.26%, compared with 0.00% for JULB.

What is the main difference between JULB and TENJ?

They also come from different issuers: Aptus Capital Advisors and BlackRock. Their fees differ too: 0.25% for JULB and 0.50% for TENJ.