DECZ vs. JULB
DECZ (TrueShares Structured Outcome (December) ETF) and JULB (Aptus July Buffer ETF) are both Defined Outcome funds. DECZ is passively managed, while JULB is actively managed. With a 0.97 correlation, they move nearly in lockstep. DECZ charges 0.79%/yr vs 0.25%/yr for JULB.
Performance
DECZ vs. JULB - Performance Comparison
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Returns By Period
In the year-to-date period, DECZ achieves a 8.14% return, which is significantly higher than JULB's 6.35% return.
DECZ
- 1D
- -0.53%
- 1M
- 4.15%
- YTD
- 8.14%
- 6M
- 8.12%
- 1Y
- 20.18%
- 3Y*
- 16.28%
- 5Y*
- 11.21%
- 10Y*
- —
JULB
- 1D
- -0.07%
- 1M
- 2.40%
- YTD
- 6.35%
- 6M
- 6.93%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
DECZ vs. JULB - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
DECZ TrueShares Structured Outcome (December) ETF | 8.14% | 2.61% |
JULB Aptus July Buffer ETF | 6.35% | 2.56% |
Correlation
The correlation between DECZ 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
DECZ vs. JULB — Risk / Return Rank
DECZ
JULB
DECZ vs. JULB - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for TrueShares Structured Outcome (December) ETF (DECZ) 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.
| DECZ | JULB | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.38 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 2.69 | — | — |
| Martin ratioReturn relative to average drawdown | 11.35 | — | — |
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
| DECZ | JULB | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.12 | — | — |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.90 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.00 | 2.17 | -1.17 |
Drawdowns
DECZ vs. JULB - Drawdown Comparison
The maximum DECZ drawdown since its inception was -16.57%, which is greater than JULB's maximum drawdown of -5.24%. Use the drawdown chart below to compare losses from any high point for DECZ and JULB.
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Drawdown Indicators
| DECZ | JULB | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -16.57% | -5.24% | -11.33% |
Max Drawdown (1Y)Largest decline over 1 year | -7.53% | — | — |
Max Drawdown (3Y)Largest decline over 3 years | -14.24% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -16.57% | — | — |
Current DrawdownCurrent decline from peak | -0.53% | -0.07% | -0.46% |
Average DrawdownAverage peak-to-trough decline | -3.06% | -0.87% | -2.19% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.78% | — | — |
Volatility
DECZ vs. JULB - Volatility Comparison
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Volatility by Period
| DECZ | JULB | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.47% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 7.20% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 9.57% | 6.81% | +2.76% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 12.59% | 6.81% | +5.78% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 12.39% | 6.81% | +5.58% |
DECZ vs. JULB - Expense Ratio Comparison
DECZ has a 0.79% expense ratio, which is higher than JULB's 0.25% expense ratio.
Dividends
DECZ vs. JULB - Dividend Comparison
DECZ's dividend yield for the trailing twelve months is around 3.03%, while JULB has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
DECZ TrueShares Structured Outcome (December) ETF | 3.03% | 3.28% | 2.55% | 1.23% | 1.44% | 0.46% |
JULB Aptus July Buffer ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
With a correlation of 0.97, DECZ 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 DECZ.
DECZ has the higher dividend yield at 3.03%, compared with 0.00% for JULB.
They also come from different issuers: TrueShares and Aptus Capital Advisors. Their fees differ too: 0.79% for DECZ and 0.25% for JULB.
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