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TENM vs. BLCV
Performance
Return for Risk
Drawdowns
Volatility
Dividends

TENM vs. BLCV

Last updated Jun 24, 2026

TENM (iShares Large Cap 10% Target Buffer Mar ETF) and BLCV (Blackrock Large Cap Value ETF) are both exchange-traded funds - TENM is a Defined Outcome fund actively managed by BlackRock, while BLCV is a Large Cap Value Equities fund actively managed by BlackRock. Both are actively managed. A 0.68 correlation means they provide meaningful diversification when combined. TENM charges 0.50%/yr vs 0.55%/yr for BLCV.

Performance

TENM vs. BLCV - Performance Comparison

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

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Returns By Period

In the year-to-date period, TENM achieves a 5.48% return, which is significantly lower than BLCV's 6.47% return.

TENM

1D
-0.48%
1M
-0.14%
YTD
5.48%
6M
5.10%
1Y
—
3Y*
—
5Y*
—
10Y*
—

BLCV

1D
-1.81%
1M
0.18%
YTD
6.47%
6M
5.91%
1Y
18.72%
3Y*
18.17%
5Y*
—
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

TENM vs. BLCV - Yearly Performance Comparison

2026 (YTD)2025
TENM
iShares Large Cap 10% Target Buffer Mar ETF		5.48%2.04%
BLCV
Blackrock Large Cap Value ETF		6.47%4.14%

Correlation

The correlation between TENM and BLCV is 0.68, 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

0.68

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

iShares Large Cap 10% Target Buffer Mar ETF

Blackrock Large Cap Value ETF

Often compared with TENM:
TENM vs. JANBTENM vs. OCTBTENM vs. BLCRTENM vs. JULBTENM vs. APRBTENM vs. PQAPTENM vs. LJUL
Often compared with BLCV:
BLCV vs. VOOBLCV vs. SEIVBLCV vs. VFV.TOBLCV vs. VTVBLCV vs. SPYBLCV vs. IWBBLCV vs. GARP

Return for Risk

TENM vs. BLCV - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares Large Cap 10% Target Buffer Mar ETF (TENM) and Blackrock Large Cap Value ETF (BLCV). 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.

TENMBLCVDifference
Sharpe ratioReturn per unit of total volatility

—

1.79

—

Sortino ratioReturn per unit of downside risk

—

2.59

—

Omega ratioGain probability vs. loss probability

—

1.32

—

Calmar ratioReturn relative to maximum drawdown

—

2.11

—

Martin ratioReturn relative to average drawdown

—

8.49

—

TENM vs. BLCV - Sharpe Ratio Comparison

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Drawdowns

TENM vs. BLCV - Drawdown Comparison

The maximum TENM drawdown since its inception was -3.61%, smaller than the maximum BLCV drawdown of -13.44%. Use the drawdown chart below to compare losses from any high point for TENM and BLCV.

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Drawdown Indicators

TENMBLCVDifference

Max Drawdown

Largest peak-to-trough decline

-3.61%

-13.44%

+9.83%

Max Drawdown (1Y)

Largest decline over 1 year

—

-9.92%

—

Max Drawdown (3Y)

Largest decline over 3 years

—

-13.44%

—

Current Drawdown

Current decline from peak

-0.91%

-1.81%

+0.90%

Average Drawdown

Average peak-to-trough decline

-0.70%

-2.05%

+1.35%

Ulcer Index

Depth and duration of drawdowns from previous peaks

—

2.46%

—

Volatility

TENM vs. BLCV - Volatility Comparison

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Volatility by Period

TENMBLCVDifference

Volatility (1M)

Calculated over the trailing 1-month period

—

3.36%

—

Volatility (6M)

Calculated over the trailing 6-month period

—

9.03%

—

Volatility (1Y)

Calculated over the trailing 1-year period

6.73%

11.65%

-4.92%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

6.73%

12.81%

-6.08%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

6.73%

12.81%

-6.08%

TENM vs. BLCV - Expense Ratio Comparison

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

Dividends

TENM vs. BLCV - Dividend Comparison

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

PositionTTM202520242023
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

TENM and BLCV have a correlation of 0.68, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

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.

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

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

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

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