APRZ vs. JULB
APRZ (TrueShares Structured Outcome (April) ETF) and JULB (Aptus July Buffer ETF) are both Defined Outcome funds. APRZ is passively managed, while JULB is actively managed. With a 0.97 correlation, they move nearly in lockstep. APRZ charges 0.79%/yr vs 0.25%/yr for JULB.
Performance
APRZ vs. JULB - Performance Comparison
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Returns By Period
In the year-to-date period, APRZ achieves a 7.43% return, which is significantly higher than JULB's 6.35% return.
APRZ
- 1D
- -0.52%
- 1M
- 4.07%
- YTD
- 7.43%
- 6M
- 7.28%
- 1Y
- 20.17%
- 3Y*
- 16.23%
- 5Y*
- 11.19%
- 10Y*
- —
JULB
- 1D
- -0.07%
- 1M
- 2.40%
- YTD
- 6.35%
- 6M
- 6.93%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
APRZ vs. JULB - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
APRZ TrueShares Structured Outcome (April) ETF | 7.43% | 2.38% |
JULB Aptus July Buffer ETF | 6.35% | 2.56% |
Correlation
The correlation between APRZ and JULB is 0.97 - 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 | 0.97 |
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Return for Risk
APRZ vs. JULB — Risk / Return Rank
APRZ
JULB
APRZ vs. JULB - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for TrueShares Structured Outcome (April) ETF (APRZ) 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.
| APRZ | JULB | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.36 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 2.29 | — | — |
| Martin ratioReturn relative to average drawdown | 10.13 | — | — |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| APRZ | JULB | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.98 | — | — |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.90 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.94 | 2.17 | -1.23 |
Drawdowns
APRZ vs. JULB - Drawdown Comparison
The maximum APRZ drawdown since its inception was -18.15%, which is greater than JULB's maximum drawdown of -5.24%. Use the drawdown chart below to compare losses from any high point for APRZ and JULB.
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Drawdown Indicators
| APRZ | JULB | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -18.15% | -5.24% | -12.91% |
Max Drawdown (1Y)Largest decline over 1 year | -8.85% | — | — |
Max Drawdown (3Y)Largest decline over 3 years | -15.15% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -18.15% | — | — |
Current DrawdownCurrent decline from peak | -0.52% | -0.07% | -0.45% |
Average DrawdownAverage peak-to-trough decline | -3.63% | -0.87% | -2.76% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.00% | — | — |
Volatility
APRZ vs. JULB - Volatility Comparison
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Volatility by Period
| APRZ | JULB | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.39% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 8.06% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 10.23% | 6.81% | +3.42% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 12.52% | 6.81% | +5.71% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 12.42% | 6.81% | +5.61% |
APRZ vs. JULB - Expense Ratio Comparison
APRZ has a 0.79% expense ratio, which is higher than JULB's 0.25% expense ratio.
Dividends
APRZ vs. JULB - Dividend Comparison
APRZ's dividend yield for the trailing twelve months is around 3.12%, while JULB has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
APRZ TrueShares Structured Outcome (April) ETF | 3.12% | 3.35% | 2.78% | 2.89% | 0.59% |
JULB Aptus July Buffer ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
With a correlation of 0.97, APRZ 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.
On fees, JULB is cheaper at 0.25% per year. The better choice depends on whether you care most about return, fees, risk, or income.
JULB is cheaper with a 0.25% expense ratio, compared with 0.79% for APRZ.
APRZ has the higher dividend yield at 3.12%, compared with 0.00% for JULB.
They also come from different issuers: TrueShares and Aptus Capital Advisors. Their fees differ too: 0.79% for APRZ and 0.25% for JULB.
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