AUGZ vs. JULZ
AUGZ (TrueShares Structured Outcome (August) ETF) and JULZ (Trueshares Structured Outcome (July) ETF) are both exchange-traded funds - AUGZ is a Defined Outcome fund tracking the S&P 500 Index, while JULZ is a Options Trading fund tracking the Cboe S&P 500 Buffer Protect Index July. Both are passively managed. Over the past 5 years, AUGZ returned 10.83%/yr vs 11.28%/yr for JULZ. With a 0.98 correlation, they move nearly in lockstep. Both charge a 0.79% expense ratio.
Performance
AUGZ vs. JULZ - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, AUGZ achieves a 8.27% return, which is significantly lower than JULZ's 8.79% return.
AUGZ
- 1D
- -0.55%
- 1M
- 4.32%
- YTD
- 8.27%
- 6M
- 8.18%
- 1Y
- 20.84%
- 3Y*
- 16.37%
- 5Y*
- 10.83%
- 10Y*
- —
JULZ
- 1D
- -0.52%
- 1M
- 4.36%
- YTD
- 8.79%
- 6M
- 8.56%
- 1Y
- 22.07%
- 3Y*
- 16.86%
- 5Y*
- 11.28%
- 10Y*
- —
AUGZ vs. JULZ - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
AUGZ TrueShares Structured Outcome (August) ETF | 8.27% | 13.49% | 17.99% | 17.32% | -10.41% | 20.74% | 11.28% |
JULZ Trueshares Structured Outcome (July) ETF | 8.79% | 13.23% | 18.76% | 17.65% | -9.34% | 20.66% | 11.32% |
Correlation
The correlation between AUGZ and JULZ 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 (1Y) Calculated over the trailing 1-year period | 0.97 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.98 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.98 |
Correlation (All Time) Calculated using the full available price history since Aug 4, 2020 | 0.98 |
The correlation between AUGZ and JULZ has been stable across timeframes, ranging from 0.97 to 0.98 - a consistent structural relationship.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
AUGZ vs. JULZ — Risk / Return Rank
AUGZ
JULZ
AUGZ vs. JULZ - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for TrueShares Structured Outcome (August) ETF (AUGZ) and Trueshares Structured Outcome (July) ETF (JULZ). 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.
| AUGZ | JULZ | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.04 | ||
| Sortino ratioReturn per unit of downside risk | +0.02 | ||
| Omega ratioGain probability vs. loss probability | 1.40 | 1.39 | +0.01 |
| Calmar ratioReturn relative to maximum drawdown | 2.89 | 2.60 | +0.29 |
| Martin ratioReturn relative to average drawdown | 12.46 | 11.36 | +1.10 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading charts...
Sharpe Ratios by Period
| AUGZ | JULZ | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.21 | 2.16 | +0.04 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.91 | 0.93 | -0.02 |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.08 | 1.15 | -0.07 |
Drawdowns
AUGZ vs. JULZ - Drawdown Comparison
The maximum AUGZ drawdown since its inception was -15.67%, which is greater than JULZ's maximum drawdown of -14.71%. Use the drawdown chart below to compare losses from any high point for AUGZ and JULZ.
Loading charts...
Drawdown Indicators
| AUGZ | JULZ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -15.67% | -14.71% | -0.96% |
Max Drawdown (1Y)Largest decline over 1 year | -7.23% | -8.53% | +1.30% |
Max Drawdown (3Y)Largest decline over 3 years | -14.52% | -14.71% | +0.19% |
Max Drawdown (5Y)Largest decline over 5 years | -15.67% | -14.71% | -0.96% |
Current DrawdownCurrent decline from peak | -0.55% | -0.52% | -0.03% |
Average DrawdownAverage peak-to-trough decline | -3.11% | -2.98% | -0.13% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.68% | 1.95% | -0.27% |
Volatility
AUGZ vs. JULZ - Volatility Comparison
TrueShares Structured Outcome (August) ETF (AUGZ) and Trueshares Structured Outcome (July) ETF (JULZ) have volatilities of 2.60% and 2.61%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| AUGZ | JULZ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.60% | 2.61% | -0.01% |
Volatility (6M)Calculated over the trailing 6-month period | 7.25% | 8.05% | -0.80% |
Volatility (1Y)Calculated over the trailing 1-year period | 9.50% | 10.25% | -0.75% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 11.97% | 12.19% | -0.22% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 12.10% | 12.32% | -0.22% |
AUGZ vs. JULZ - Expense Ratio Comparison
Both AUGZ and JULZ have an expense ratio of 0.79%.
Dividends
AUGZ vs. JULZ - Dividend Comparison
AUGZ's dividend yield for the trailing twelve months is around 3.35%, less than JULZ's 11.00% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
AUGZ TrueShares Structured Outcome (August) ETF | 3.35% | 3.63% | 4.08% | 3.42% | 0.41% |
JULZ Trueshares Structured Outcome (July) ETF | 11.00% | 11.96% | 3.30% | 3.59% | 0.07% |
Frequently Asked Questions
With a correlation of 0.97, AUGZ and JULZ 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.
JULZ has higher volatility (2.61%) compared to AUGZ (2.60%). In terms of maximum drawdown, AUGZ dropped -15.67% vs JULZ's -14.71%.
On 5-year performance, JULZ leads with 11.28% vs 10.83% for AUGZ. Both ETFs have the same 0.79% expense ratio. Their volatility is very similar. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, JULZ has performed better with a 11.28% return vs 10.83%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
AUGZ and JULZ have the same expense ratio: 0.79% per year.
JULZ has the higher dividend yield at 11.00%, compared with 3.35% for AUGZ.
AUGZ is categorized as Defined Outcome, while JULZ is Options Trading. AUGZ tracks S&P 500 Index, while JULZ tracks Cboe S&P 500 Buffer Protect Index July.
AUGZ currently has the higher Sharpe Ratio (2.21 vs 2.16), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
Find the right allocation for AUGZ and JULZ
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer