MSOO vs. TENM

Last updated Jul 17, 2026

MSOO (Leverage Shares 2x Capped Accelerated MSTR Monthly ETF) and TENM (iShares Large Cap 10% Target Buffer Mar ETF) are both Defined Outcome funds. Both are actively managed. At a 0.44 correlation, their price movements are largely independent. MSOO charges 0.78%/yr vs 0.50%/yr for TENM.

Performance

MSOO vs. TENM - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Leverage Shares 2x Capped Accelerated MSTR Monthly ETF (MSOO) and iShares Large Cap 10% Target Buffer Mar ETF (TENM). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, MSOO achieves a -26.25% return, which is significantly lower than TENM's 6.89% return.

MSOO

• 1D: 0.00%
• 1M: 0.00%
• 6M: -33.94%
• YTD: -26.25%
• 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)

MSOO vs. TENM - Yearly Performance Comparison

	2026 (YTD)	2025
MSOO Leverage Shares 2x Capped Accelerated MSTR Monthly ETF	-26.25%	-50.28%
TENM iShares Large Cap 10% Target Buffer Mar ETF	6.89%	2.04%

Correlation

The correlation between MSOO and TENM is 0.44, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (All Time) Calculated using the full available price history since Oct 22, 2025	0.44

Return for Risk

MSOO vs. TENM - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Leverage Shares 2x Capped Accelerated MSTR Monthly ETF (MSOO) 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

MSOO vs. TENM - Drawdown Comparison

The maximum MSOO drawdown since its inception was -73.17%, which is greater than TENM's maximum drawdown of -3.61%. Use the drawdown chart below to compare losses from any high point for MSOO and TENM.

Drawdown Indicators

	MSOO	TENM	Difference
Max Drawdown Largest peak-to-trough decline	-73.17%	-3.61%	-69.56%
Current Drawdown Current decline from peak	-71.52%	-0.22%	-71.30%
Average Drawdown Average peak-to-trough decline	-50.93%	-0.66%	-50.27%

Volatility

Volatility by Period

	MSOO	TENM	Difference
Volatility (1Y) Calculated over the trailing 1-year period	66.69%	6.53%	+60.16%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	66.69%	6.53%	+60.16%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	66.69%	6.53%	+60.16%

MSOO vs. TENM - Expense Ratio Comparison

MSOO has a 0.78% expense ratio, which is higher than TENM's 0.50% expense ratio.

Dividends

MSOO vs. TENM - Dividend Comparison

MSOO's dividend yield for the trailing twelve months is around 2.20%, more than TENM's 0.28% yield.

Position	TTM	2025
MSOO Leverage Shares 2x Capped Accelerated MSTR Monthly ETF	2.20%	1.63%
TENM iShares Large Cap 10% Target Buffer Mar ETF	0.28%	0.29%

Frequently Asked Questions

Can I hold both MSOO and TENM in my portfolio?

MSOO and TENM have a correlation of 0.44, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, MSOO 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, MSOO or TENM?

TENM is cheaper with a 0.50% expense ratio, compared with 0.78% for MSOO.

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

MSOO has the higher dividend yield at 2.20%, compared with 0.28% for TENM.

What is the main difference between MSOO and TENM?

They also come from different issuers: Leverage Shares and BlackRock. Their fees differ too: 0.78% for MSOO and 0.50% for TENM.