TENJ vs. APXM
TENJ (iShares Large Cap 10% Target Buffer Jun ETF) and APXM (FT Vest U.S. Equity Max Buffer ETF - April) are both Defined Outcome funds. Both are actively managed. A 0.74 correlation means they provide meaningful diversification when combined. TENJ charges 0.50%/yr vs 0.85%/yr for APXM.
Performance
TENJ vs. APXM - Performance Comparison
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Returns By Period
In the year-to-date period, TENJ achieves a 7.91% return, which is significantly higher than APXM's 2.01% return.
TENJ
- 1D
- -0.15%
- 1M
- 0.86%
- YTD
- 7.91%
- 6M
- 7.71%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
APXM
- 1D
- -0.05%
- 1M
- 0.14%
- YTD
- 2.01%
- 6M
- 2.14%
- 1Y
- 5.14%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
TENJ vs. APXM - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
TENJ iShares Large Cap 10% Target Buffer Jun ETF | 7.91% | 2.22% |
APXM FT Vest U.S. Equity Max Buffer ETF - April | 2.01% | 0.91% |
Correlation
The correlation between TENJ and APXM is 0.74, 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 | 0.74 |
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Return for Risk
TENJ vs. APXM — Risk / Return Rank
TENJ
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
APXM
TENJ vs. APXM - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Large Cap 10% Target Buffer Jun ETF (TENJ) and FT Vest U.S. Equity Max Buffer ETF - April (APXM). 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.
| TENJ | APXM | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 2.22 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 8.62 | — |
| Martin ratioReturn relative to average drawdown | — | 61.17 | — |
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Drawdowns
TENJ vs. APXM - Drawdown Comparison
The maximum TENJ drawdown since its inception was -5.51%, which is greater than APXM's maximum drawdown of -0.60%. Use the drawdown chart below to compare losses from any high point for TENJ and APXM.
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Drawdown Indicators
| TENJ | APXM | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -5.51% | -0.60% | -4.91% |
Max Drawdown (1Y)Largest decline over 1 year | — | -0.60% | — |
Current DrawdownCurrent decline from peak | -0.31% | -0.17% | -0.14% |
Average DrawdownAverage peak-to-trough decline | -0.82% | -0.04% | -0.78% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 0.08% | — |
Volatility
TENJ vs. APXM - Volatility Comparison
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Volatility by Period
| TENJ | APXM | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 0.73% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 1.04% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 8.48% | 1.21% | +7.27% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.48% | 1.35% | +7.13% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 8.48% | 1.35% | +7.13% |
TENJ vs. APXM - Expense Ratio Comparison
TENJ has a 0.50% expense ratio, which is lower than APXM's 0.85% expense ratio.
Dividends
TENJ vs. APXM - Dividend Comparison
TENJ's dividend yield for the trailing twelve months is around 0.26%, while APXM has not paid dividends to shareholders.
| Position | TTM | 2025 |
|---|---|---|
APXM FT Vest U.S. Equity Max Buffer ETF - April | 0.00% | 0.00% |
TENJ iShares Large Cap 10% Target Buffer Jun ETF | 0.26% | 0.28% |
Frequently Asked Questions
TENJ and APXM have a correlation of 0.74, 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 0.85% for APXM.
TENJ has the higher dividend yield at 0.26%, compared with 0.00% for APXM.
They also come from different issuers: BlackRock and First Trust. Their fees differ too: 0.50% for TENJ and 0.85% for APXM.
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