DECP vs. JULB

Last updated Jun 26, 2026

DECP (PGIM S&P 500 Buffer 12 ETF - December) and JULB (Aptus July Buffer ETF) are both Defined Outcome funds. Both are actively managed. Their correlation of 0.93 suggests significant overlap in exposure. DECP charges 0.50%/yr vs 0.25%/yr for JULB.

Performance

DECP vs. JULB - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in PGIM S&P 500 Buffer 12 ETF - December (DECP) 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, DECP achieves a 5.59% return, which is significantly lower than JULB's 6.48% return.

DECP

• 1D: 0.07%
• 1M: -0.60%
• YTD: 5.59%
• 6M: 4.92%
• 1Y: 17.40%
• 3Y*: —
• 5Y*: —
• 10Y*: —

JULB

• 1D: 0.15%
• 1M: 0.49%
• YTD: 6.48%
• 6M: 5.99%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

DECP vs. JULB - Yearly Performance Comparison

	2026 (YTD)	2025
DECP PGIM S&P 500 Buffer 12 ETF - December	5.59%	3.91%
JULB Aptus July Buffer ETF	6.48%	2.44%

Correlation

The correlation between DECP and JULB is 0.93, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (All Time) Calculated using the full available price history since Oct 14, 2025	0.93

Return for Risk

DECP vs. JULB — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

DECP

DECP Risk / Return Rank: 78
DECP Sharpe Ratio Rank: 77
DECP Sortino Ratio Rank: 77
DECP Omega Ratio Rank: 78
DECP Calmar Ratio Rank: 72
DECP Martin Ratio Rank: 84

JULB

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

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.

DECP vs. JULB - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for PGIM S&P 500 Buffer 12 ETF - December (DECP) 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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	DECP	JULB	Difference
Sharpe ratio: Return per unit of total volatility	2.15	—	—
Sortino ratio: Return per unit of downside risk	3.00	—	—
Omega ratio: Gain probability vs. loss probability	1.41	—	—
Calmar ratio: Return relative to maximum drawdown	3.22	—	—
Martin ratio: Return relative to average drawdown	15.30	—	—

Drawdowns

DECP vs. JULB - Drawdown Comparison

The maximum DECP drawdown since its inception was -12.12%, which is greater than JULB's maximum drawdown of -5.24%. Use the drawdown chart below to compare losses from any high point for DECP and JULB.

Drawdown Indicators

	DECP	JULB	Difference
Max Drawdown Largest peak-to-trough decline	-12.12%	-5.24%	-6.88%
Max Drawdown (1Y) Largest decline over 1 year	-5.43%	—	—
Current Drawdown Current decline from peak	-1.21%	-0.33%	-0.88%
Average Drawdown Average peak-to-trough decline	-1.12%	-0.83%	-0.29%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.14%	—	—

Volatility

Volatility by Period

	DECP	JULB	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.26%	—	—
Volatility (6M) Calculated over the trailing 6-month period	6.06%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	8.15%	6.80%	+1.35%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	9.90%	6.80%	+3.10%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	9.90%	6.80%	+3.10%

DECP vs. JULB - Expense Ratio Comparison

DECP has a 0.50% expense ratio, which is higher than JULB's 0.25% expense ratio.

Dividends

DECP vs. JULB - Dividend Comparison

Neither DECP nor JULB has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both DECP and JULB in my portfolio?

With a correlation of 0.93, DECP 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, DECP or JULB?

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.

Which ETF is cheaper, DECP or JULB?

JULB is cheaper with a 0.25% expense ratio, compared with 0.50% for DECP.

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

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

What is the main difference between DECP and JULB?

They also come from different issuers: PGIM and Aptus Capital Advisors. Their fees differ too: 0.50% for DECP and 0.25% for JULB.