DECZ vs. JULB

Last updated Aug 4, 2026

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. Their 0.97 correlation means they have historically moved very closely together. DECZ charges 0.79%/yr vs 0.25%/yr for JULB.

Performance

DECZ vs. JULB - Performance Comparison

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

Returns By Period

The year-to-date returns for both investments are quite close, with DECZ having a 8.46% return and JULB slightly higher at 8.79%.

DECZ

• 1D: 1.08%
• 1M: 1.27%
• 6M: 6.91%
• YTD: 8.46%
• 1Y: 16.70%
• 3Y*: 15.04%
• 5Y*: 10.60%
• 10Y*: —
• ALL TIME*: 12.05%

JULB

• 1D: 0.65%
• 1M: 1.23%
• 6M: 7.52%
• YTD: 8.79%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: —

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
DECZ TrueShares Structured Outcome (December) ETF	$210.48K	$113.76K	$97.74K
JULB Aptus July Buffer ETF	$147.19K	$170.46K	$229.15K

DECZ vs. JULB - Yearly Performance Comparison

	2026 (YTD)	2025
DECZ TrueShares Structured Outcome (December) ETF	8.46%	2.18%
JULB Aptus July Buffer ETF	8.79%	2.44%

Correlation

The correlation between DECZ and JULB is 0.97 - they have historically moved very closely together. At this level, their price movements offset little of one another.

	Correlation
Correlation (All Time) Calculated using the full available price history since Oct 14, 2025	0.97

Return for Risk

DECZ vs. JULB — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

DECZ

DECZ Risk / Return Rank: 63
DECZ Sharpe Ratio Rank: 64
DECZ Sortino Ratio Rank: 64
DECZ Omega Ratio Rank: 61
DECZ Calmar Ratio Rank: 60
DECZ Martin Ratio Rank: 67

JULB

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

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

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.

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.

	DECZ	JULB	Difference
Sharpe ratio: Return per unit of total volatility	1.60	—	—
Sortino ratio: Return per unit of downside risk	2.27	—	—
Omega ratio: Gain probability vs. loss probability	1.28	—	—
Calmar ratio: Return relative to maximum drawdown	2.23	—	—
Martin ratio: Return relative to average drawdown	8.68	—	—

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.

Drawdown Indicators

	DECZ	JULB	Difference
Max Drawdown Largest 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 Drawdown Current decline from peak	-0.23%	0.00%	-0.23%
Average Drawdown Average peak-to-trough decline	-3.02%	-0.78%	-2.24%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.93%	—	—

Volatility

Volatility by Period

	DECZ	JULB	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.06%	—	—
Volatility (6M) Calculated over the trailing 6-month period	8.20%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	10.51%	6.83%	+3.68%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	12.71%	6.83%	+5.88%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	12.39%	6.83%	+5.56%

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 3.02%, while JULB has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021
DECZ TrueShares Structured Outcome (December) ETF	3.02%	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

Can I hold both DECZ and JULB in my portfolio?

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.

Which ETF is better, DECZ 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, DECZ or JULB?

JULB is cheaper with a 0.25% expense ratio, compared with 0.79% for DECZ.

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

DECZ has the higher dividend yield at 3.02%, compared with 0.00% for JULB.

What is the main difference between DECZ and JULB?

They also come from different issuers: TrueShares and Aptus. Their fees differ too: 0.79% for DECZ and 0.25% for JULB.