TENJ vs. NVDO

Last updated Jul 11, 2026

TENJ (iShares Large Cap 10% Target Buffer Jun ETF) and NVDO (Leverage Shares 2x Capped Accelerated NVDA Monthly ETF) are both Defined Outcome funds. Both are actively managed. A 0.58 correlation means they provide meaningful diversification when combined. TENJ charges 0.50%/yr vs 0.77%/yr for NVDO.

Performance

TENJ vs. NVDO - Performance Comparison

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

Returns By Period

In the year-to-date period, TENJ achieves a 9.51% return, which is significantly lower than NVDO's 16.35% return.

TENJ

• 1D: 0.32%
• 1M: 2.33%
• 6M: 8.27%
• YTD: 9.51%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

NVDO

• 1D: 0.00%
• 1M: 1.48%
• 6M: 16.54%
• YTD: 16.35%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

TENJ vs. NVDO - Yearly Performance Comparison

	2026 (YTD)	2025
TENJ iShares Large Cap 10% Target Buffer Jun ETF	9.51%	2.22%
NVDO Leverage Shares 2x Capped Accelerated NVDA Monthly ETF	16.35%	8.55%

Correlation

The correlation between TENJ and NVDO is 0.58, 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	0.58

Return for Risk

TENJ vs. NVDO - 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 Leverage Shares 2x Capped Accelerated NVDA Monthly ETF (NVDO). 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

TENJ vs. NVDO - Drawdown Comparison

The maximum TENJ drawdown since its inception was -5.51%, smaller than the maximum NVDO drawdown of -16.25%. Use the drawdown chart below to compare losses from any high point for TENJ and NVDO.

Drawdown Indicators

	TENJ	NVDO	Difference
Max Drawdown Largest peak-to-trough decline	-5.51%	-16.25%	+10.74%
Current Drawdown Current decline from peak	0.00%	-4.73%	+4.73%
Average Drawdown Average peak-to-trough decline	-0.81%	-4.96%	+4.15%

Volatility

Volatility by Period

	TENJ	NVDO	Difference
Volatility (1Y) Calculated over the trailing 1-year period	8.48%	31.27%	-22.79%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	8.48%	31.27%	-22.79%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	8.48%	31.27%	-22.79%

TENJ vs. NVDO - Expense Ratio Comparison

TENJ has a 0.50% expense ratio, which is lower than NVDO's 0.77% expense ratio.

Dividends

TENJ vs. NVDO - Dividend Comparison

TENJ's dividend yield for the trailing twelve months is around 0.26%, less than NVDO's 14.32% yield.

Position	TTM	2025
NVDO Leverage Shares 2x Capped Accelerated NVDA Monthly ETF	14.32%	16.66%
TENJ iShares Large Cap 10% Target Buffer Jun ETF	0.26%	0.28%

Frequently Asked Questions

Can I hold both TENJ and NVDO in my portfolio?

TENJ and NVDO have a correlation of 0.58, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, TENJ or NVDO?

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.

Which ETF is cheaper, TENJ or NVDO?

TENJ is cheaper with a 0.50% expense ratio, compared with 0.77% for NVDO.

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

NVDO has the higher dividend yield at 14.32%, compared with 0.26% for TENJ.

What is the main difference between TENJ and NVDO?

They also come from different issuers: BlackRock and Leverage Shares. Their fees differ too: 0.50% for TENJ and 0.77% for NVDO.