Which has more room to gain, MAXJ or TENJ?

From their prices on Oct 1, 2026, MAXJ can gain about 6.7% before its cap and TENJ about 15.9%, so TENJ has more room left this period.

Which resets first, MAXJ or TENJ?

MAXJ ends its outcome period on Jun 30, 2027 and TENJ on Jun 30, 2027. A new cap is set the day after each.

Which is cheaper, MAXJ or TENJ?

MAXJ charges 0.50% a year and TENJ charges 0.50%, so MAXJ is cheaper. Fees come from each fund's prospectus.

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MAXJ vs TENJ: which one stands where?

As of Oct 1, 2026 TENJ can fall 2.7% before its buffer engages and MAXJ 1.7%. iShares Large Cap Max Buffer Jun ETF and iShares Large Cap 10% Target Buffer Jun ETF.

1.7%

MAXJ can fall this far before its buffer

2.7%

TENJ can fall this far before its buffer

6.7%

MAXJ can still gain

15.9%

TENJ can still gain

MAXJFull floor

MAXJ: reference +2.3% since period start, fund ·; buffer −0 to floor; cap +8.0%; Full floor.

TENJBetween buffer and cap

TENJ: reference +2.3% since period start, fund ·; buffer −0 to −10; cap +18.5%; Between buffer and cap.

These are two different products. MAXJ is a floor fund, which caps how far a holder can fall. TENJ is a buffer fund, which absorbs the first part of a fall and leaves everything below it with the holder.

Both are iShares funds, so the difference between them is the terms rather than the house.

Where each one stands today

MAXJ resets first, on Jun 30, 2027, 273 days from now; TENJ runs to Jun 30, 2027, 273 days. MAXJ can still gain 6.7% before its cap, TENJ 15.9%. A fall from here reaches MAXJ’s buffer after 1.7% and TENJ’s after 2.7%. Both track IVV, so what separates them is where each is in its own period.

Every figure is ETFIQ’s own, from the issuer’s published outcome-period terms. A buffer ETF holds FLEX options on its reference index rather than shares, so there is no holdings overlap between two of them to report.

Performance, window by window

	Total return		Gap to the reference
Window	MAXJ	TENJ	MAXJ	TENJ
3 months	+1.2%	+2.5%	−1.3 pts	0.0 pts
6 months	+4.4%	+13.6%	−12.6 pts	−3.4 pts
1 year	+6.2%	not published	−9.6 pts	not published

MAXJ and TENJ over each window. Every figure is an ETFIQ calculation with distributions reinvested. Source: ETFIQ. Open the live comparison on ETFIQ →

On the same fields

MAXJ

iShares Large Cap Max Buffer Jun ETF · Absorbs losses from 0.5% to 100.0% on IVV and caps the gain at 8.0%, over a period ending Jun 30, 2027

TENJ

iShares Large Cap 10% Target Buffer Jun ETF · Absorbs losses from 0.5% to 10.0% on IVV and caps the gain at 18.5%, over a period ending Jun 30, 2027

Issuer iShares iShares

Reference index IVV IVV

Buffer 0% to 100% 0% to 10%

Outcome period Jul 1, 2026 to Jun 30, 2027 Jul 1, 2026 to Jun 30, 2027

Days left 273 273

Starting cap +8.0% +18.5%

Can still gain 6.7% 15.9%

Fall before buffer 1.7% 2.7%

Protection left, index points 99.5% of 99.5% 9.5% of 9.5%

Index return this period +2.3% +2.3%

Fund return this period not published not published

State today Open Open

Expense ratio 0.50% 0.50%

Net assets $164m $50m

MAXJ and TENJ on the same fields, as of Oct 1, 2026. Source: ETFIQ.

MAXJ in plain words

From its price on Oct 1, 2026, the fund can gain about 6.7% more before it reaches its cap. The fund's price can fall 1.7% from here before the buffer starts absorbing losses, by the issuer's figure. In index terms, IVV can fall 2.7% from today's level to the point where the buffer begins. Protection left, in index points: 99.5% of the 99.5% buffer still sits below today's IVV level. 273 days remained on Oct 1, 2026. On Jun 30, 2027 the period ends and a new cap is set.

TENJ in plain words

From its price on Oct 1, 2026, the fund can gain about 15.9% more before it reaches its cap. The fund's price can fall 2.7% from here before the buffer starts absorbing losses, by the issuer's figure. Protection left, in index points: 9.5% of the 9.5% buffer still sits below today's IVV level.

Questions people ask

Which has more room to gain, MAXJ or TENJ?: From their prices on Oct 1, 2026, MAXJ can gain about 6.7% before its cap and TENJ about 15.9%, so TENJ has more room left this period.
Which resets first, MAXJ or TENJ?: MAXJ ends its outcome period on Jun 30, 2027 and TENJ on Jun 30, 2027. A new cap is set the day after each.
Which is cheaper, MAXJ or TENJ?: MAXJ charges 0.50% a year and TENJ charges 0.50%, so MAXJ is cheaper. Fees come from each fund's prospectus.

Other comparisons

iShares Core S&P 500 ETF →MAXJ on its own →TENJ on its own →How every figure is computed →Standards and sources →

Where these figures came from

MAXJ and TENJ filings on SEC EDGAR ↗iShares page for MAXJ ↗iShares page for TENJ ↗

ETFIQ links to the documents behind every figure. It is not affiliated with any issuer, and a link is not an endorsement. A comparison is not a recommendation.

Cite this page

ETFIQ, MAXJ against TENJ, data as of Oct 1, 2026. https://etfiq.com/compare/buffer/maxj-vs-tenj

Open data

Free to use with attribution. Every figure is calculated from a named public source; the method is at etfiq.com/methodology.