IVV vs TENJ
iShares Core S&P 500 ETF vs iShares Large Cap 10% Target Buffer Jun ETF
Which is better, IVV or TENJ?
Nearly the same fund. IVV costs less.
IVV has a lower expense ratio. IVV led over 1Y. The two have moved almost in lockstep, correlation 0.98.
MarketXLS is not an investment adviser. This comparison is generated automatically from market data and is for information only. A Best mark means the better reading on that one measure, not a recommendation to buy.
Side-by-Side Comparison
| Metric | IVV | TENJ |
|---|---|---|
| Expense Ratio | 0.03%Best | 0.50% |
| AUM | $896.5B | $54M |
| Dividend Yield | 1.10% | 0.23% |
| Holdings | 508 | 8 |
| YTD Return | +13.59%Best | +11.71% |
| 1Y Return | +17.54%Best | +13.95% |
| 3Y Return (annualized) | +22.46% | - |
| 5Y Return (annualized) | +13.28% | - |
| Volatility (annualized) | 13.2% | 8.4%Best |
| Fund Family | iShares by BlackRock (US) | iShares by BlackRock (US) |
| Category | Equity | Equity |
| Style | Large Cap Blend | Large Cap Blend |
| Inception | May 15, 2000 | Oct 21, 2025 |
Not shown on this pair: Max Drawdown, $10,000 over the window, Top 10 Weight.
IVV vs TENJ growth
Month-end closes. Both lines start at 0% in the first month shown, so the gap between them is the difference in growth across that window. The full view is available from the range buttons; it is not the opening view here because over the whole period one of these two funds moves so much further than the other that its line would sit flat on the axis.
IVV vs TENJ Performance
iShares Core S&P 500 ETF (IVV) is an ETF from iShares by BlackRock (US) and iShares Large Cap 10% Target Buffer Jun ETF (TENJ) is an ETF from iShares by BlackRock (US). Over the past year IVV returned +17.54% while TENJ returned +13.95%. Year to date, IVV is up 13.59% versus a gain of 11.71% for TENJ.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
IVV has been the more volatile fund, with annualized monthly volatility of 13.2% compared with 8.4% for TENJ. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The two funds' monthly returns correlate at 0.98. They move almost in lockstep, so holding both mostly duplicates the same exposure.
Fees and Cost Over Time
IVV charges 0.03% per year while TENJ charges 0.50%. On a $10,000 position that is $3 vs $50 annually, a gap of $47 per year that compounds over a long holding period. On income, IVV currently yields 1.10% against 0.23% for TENJ.
Holdings Overlap
At least 0.1% of IVV's money is in holdings TENJ also owns.
Stated as a floor: for TENJ, our book for it covers 99.0% of that fund, so a holding it does not list is one we cannot count as shared. The real figure is this or higher.
We cannot see either book well enough to say how much of this pair is duplicated.
1 positions in common, counted across the 506 positions we hold weights for in IVV and 2 in TENJ, against full books of 508 and 8.
Top Shared Holdings
| Stock | Weight in IVV | Weight in TENJ | Difference |
|---|---|---|---|
| XTSLABlackrock Cash Funds: Treasury, Sl Agency Shares | 0.10% | 0.73% | 0.63% |
You are not choosing between two funds in isolation.
Whichever of IVV and TENJ you pick has to sit alongside everything else you own. Add the rest and see what the combination actually holds.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, IVV or TENJ?
IVV has an expense ratio of 0.03% while TENJ charges 0.50%. IVV is the cheaper option, by $47 a year on a $10,000 investment.
Which performed better, IVV or TENJ?
Over the past year IVV returned +17.54% vs +13.95% for TENJ, so IVV leads on 1-year performance. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, IVV or TENJ?
IVV has been the more volatile fund at 13.2% annualized versus 8.4% for TENJ.
Should I hold both IVV and TENJ?
IVV and TENJ have a monthly-return correlation of 0.98, so they move almost identically. What is left to separate them is the fee and the index each one tracks. This is information, not a recommendation.
Which pays a higher dividend, IVV or TENJ?
IVV yields 1.10% while TENJ yields 0.23%, so IVV currently pays the higher dividend yield.
Is TENJ better than IVV?
IVV has a lower expense ratio. IVV led over 1Y. The two have moved almost in lockstep, correlation 0.98. Which one suits a particular account depends on what it is for. This is information, not a recommendation.