APRB vs. JULB

Last updated Jun 4, 2026

APRB (Aptus April Buffer ETF) and JULB (Aptus July Buffer ETF) are both Defined Outcome funds from Aptus Capital Advisors. Both are actively managed. With a 0.96 correlation, they move nearly in lockstep. Both charge a 0.25% expense ratio.

Performance

APRB vs. JULB - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Aptus April Buffer ETF (APRB) and Aptus July Buffer ETF (JULB). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, APRB achieves a 4.77% return, which is significantly lower than JULB's 6.35% return.

APRB

• 1D: -0.11%
• 1M: 1.69%
• YTD: 4.77%
• 6M: 5.32%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

JULB

• 1D: -0.07%
• 1M: 2.40%
• YTD: 6.35%
• 6M: 6.93%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

APRB vs. JULB - Yearly Performance Comparison

	2026 (YTD)	2025
APRB Aptus April Buffer ETF	4.77%	2.48%
JULB Aptus July Buffer ETF	6.35%	2.56%

Correlation

The correlation between APRB and JULB is 0.96 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.

	Correlation
Correlation (All Time) Calculated using the full available price history since Oct 15, 2025	0.96

Return for Risk

APRB vs. JULB - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Aptus April Buffer ETF (APRB) and Aptus July Buffer ETF (JULB). 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.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Sharpe Ratios by Period

	APRB	JULB	Difference
Sharpe Ratio (All Time) Calculated using the full available price history	2.00	2.17	-0.17

Drawdowns

APRB vs. JULB - Drawdown Comparison

The maximum APRB drawdown since its inception was -4.59%, smaller than the maximum JULB drawdown of -5.24%. Use the drawdown chart below to compare losses from any high point for APRB and JULB.

Drawdown Indicators

	APRB	JULB	Difference
Max Drawdown Largest peak-to-trough decline	-4.59%	-5.24%	+0.65%
Current Drawdown Current decline from peak	-0.11%	-0.07%	-0.04%
Average Drawdown Average peak-to-trough decline	-0.74%	-0.87%	+0.13%

Volatility

Volatility by Period

	APRB	JULB	Difference
Volatility (1Y) Calculated over the trailing 1-year period	5.98%	6.81%	-0.83%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	5.98%	6.81%	-0.83%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	5.98%	6.81%	-0.83%

APRB vs. JULB - Expense Ratio Comparison

Both APRB and JULB have an expense ratio of 0.25%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.

Dividends

APRB vs. JULB - Dividend Comparison

Neither APRB nor JULB has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both APRB and JULB in my portfolio?

With a correlation of 0.96, APRB and JULB move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which ETF is better, APRB or JULB?

Both ETFs have the same 0.25% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, APRB or JULB?

APRB and JULB have the same expense ratio: 0.25% per year.

Which ETF pays a higher dividend yield, APRB or JULB?

APRB and JULB have nearly identical dividend yields, around 0.00%.