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FT Vest U.S. Equity Max Buffer ETF - July (JULM)
Performance
Return for Risk
Dividends
Drawdowns
Volatility

FT Vest U.S. Equity Max Buffer ETF - July (JULM)

ETF · Currency in USD · Last updated Apr 6, 2026

The FT Vest U.S. Equity Max Buffer ETF - July is a defined-outcome ETF that seeks to match the price return of the SPDR S&P 500 ETF Trust up to a predetermined cap while providing the maximum available downside buffer over a one-year outcome period ending in July.

ETF Info

ISIN
US33740U5700
CUSIP
33740U570
Issuer
First Trust
Inception Date
Jul 24, 2024
Region
North America (U.S.)
Category
Defined Outcome
Leveraged
1x (No leverage)
Index Tracked
No Index (Active)
Domicile
United States
Distribution Policy
Accumulating
Asset Class
Alternatives
Asset Class Size
Large-Cap
Asset Class Style
Blend

Share Price Chart

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FT Vest U.S. Equity Max Buffer ETF - July

Performance

Performance Chart

The chart shows the growth of an initial investment of $10,000 in FT Vest U.S. Equity Max Buffer ETF - July, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.

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S&P 500 Index

Returns By Period

FT Vest U.S. Equity Max Buffer ETF - July (JULM) has returned 0.04% so far this year and 10.31% over the past 12 months.

FT Vest U.S. Equity Max Buffer ETF - July

1D
0.11%
1M
-0.25%
YTD
0.04%
6M
1.16%
1Y
10.31%
3Y*
—
5Y*
—
10Y*
—

Benchmark (S&P 500 Index)

1D
0.11%
1M
-2.33%
YTD
-3.84%
6M
-1.98%
1Y
29.73%
3Y*
16.86%
5Y*
10.37%
10Y*
12.29%
*Multi-year figures are annualized to reflect compound growth (CAGR)

Monthly Returns

Based on dividend-adjusted daily data since Jul 25, 2024, JULM's average daily return is +0.02%, while the average monthly return is +0.47%. At this rate, your investment would double in approximately 12.3 years.

Historically, 77% of months were positive and 23% were negative. The best month was May 2025 with a return of +2.4%, while the worst month was Mar 2025 at -1.1%. The longest winning streak lasted 11 consecutive months, and the longest losing streak was 2 months.

On a daily basis, JULM closed higher 60% of trading days. The best single day was Apr 9, 2025 with a return of +2.1%, while the worst single day was Apr 3, 2025 at -1.6%.

JanFebMarAprMayJunJulAugSepOctNovDecTotal
20260.40%0.24%-0.77%0.18%0.04%
20250.88%-0.18%-1.12%0.02%2.41%1.53%0.47%0.78%0.75%0.43%0.24%0.53%6.91%
20240.46%1.11%1.01%-0.14%1.13%-0.06%3.56%

Benchmark Metrics

FT Vest U.S. Equity Max Buffer ETF - July has an annualized alpha of 3.36%, beta of 0.22, and R² of 0.89 versus S&P 500 Index. Calculated based on daily prices since July 26, 2024.

  • This ETF participates in less of S&P 500 Index's moves in both directions, but captures a larger share of gains (27.79%) than losses (9.54%) — typical of diversified or defensive assets.
  • This ETF generated an annualized alpha of 3.36% versus S&P 500 Index — delivering returns beyond what market exposure alone would predict.
  • Beta of 0.22 indicates this ETF moves significantly less than S&P 500 Index — a genuinely defensive profile with reduced participation in both market rallies and downturns.
Alpha
3.36%
Beta
0.22
R²
0.89
Upside Capture
27.79%
Downside Capture
9.54%

Expense Ratio

JULM has an expense ratio of 0.85%, placing it in the medium range.

Return for Risk

Risk / Return Rank

JULM ranks 84 for risk / return — in the top 84% of ETFs on our site. This means strong returns relative to risk — exactly what professional investors look for. Well-suited for investors who want to maximize return per unit of risk.

JULM Risk / Return Rank: 8484
Overall Rank
JULM Sharpe Ratio Rank: 8181
Sharpe Ratio Rank
JULM Sortino Ratio Rank: 8686
Sortino Ratio Rank
JULM Omega Ratio Rank: 9393
Omega Ratio Rank
JULM Calmar Ratio Rank: 7171
Calmar Ratio Rank
JULM Martin Ratio Rank: 8787
Martin Ratio Rank
The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

Return / Risk — by metrics

The table below present risk-adjusted performance metrics for FT Vest U.S. Equity Max Buffer ETF - July (JULM) and compare them to a chosen benchmark (S&P 500 Index).

JULMBenchmarkDifference

Sharpe ratio

Return per unit of total volatility

1.64

0.88

+0.75

Sortino ratio

Return per unit of downside risk

2.42

1.37

+1.05

Omega ratio

Gain probability vs. loss probability

1.44

1.21

+0.24

Calmar ratio

Return relative to maximum drawdown

2.36

1.39

+0.97

Martin ratio

Return relative to average drawdown

12.60

6.43

+6.17

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Explore JULM risk-adjusted metrics in detail

Dive deeper into individual metrics with historical trends, benchmark comparisons, and performance across different time periods.

JULM Sortino RatioJULM Sharpe Ratio

Dividends

Dividend History

FT Vest U.S. Equity Max Buffer ETF - July doesn't pay dividends

Drawdowns

Drawdowns Chart

The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.

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Worst Drawdowns

The table below displays the maximum drawdowns of the FT Vest U.S. Equity Max Buffer ETF - July. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.

The maximum drawdown for the FT Vest U.S. Equity Max Buffer ETF - July was 4.42%, occurring on Apr 8, 2025. Recovery took 24 trading sessions.

The current FT Vest U.S. Equity Max Buffer ETF - July drawdown is 0.71%.

Depth

Start

To Bottom

Bottom

To Recover

End

Total

-4.42%Feb 19, 202535Apr 8, 202524May 13, 202559
-1.57%Feb 26, 202623Mar 30, 2026———
-0.85%Aug 1, 20245Aug 7, 20244Aug 13, 20249
-0.77%Oct 29, 202517Nov 20, 20255Nov 28, 202522
-0.74%May 19, 20255May 23, 20255Jun 2, 202510

Volatility

Volatility Chart

The chart below shows the rolling one-month volatility.

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Portfolio Analyzer

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