DECZ vs. JULZ
DECZ (TrueShares Structured Outcome (December) ETF) and JULZ (Trueshares Structured Outcome (July) ETF) are both exchange-traded funds - DECZ is a Defined Outcome fund tracking the S&P 500, 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, DECZ returned 10.60%/yr vs 10.54%/yr for JULZ. Their 0.98 correlation means they have historically moved very closely together. Both charge a 0.79% expense ratio.
Performance
DECZ vs. JULZ - Performance Comparison
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Returns By Period
The year-to-date returns for both investments are quite close, with DECZ having a 8.46% return and JULZ slightly higher at 8.76%.
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%
JULZ
- 1D
- 1.00%
- 1M
- 1.26%
- 6M
- 7.24%
- YTD
- 8.76%
- 1Y
- 17.33%
- 3Y*
- 15.46%
- 5Y*
- 10.54%
- 10Y*
- —
- ALL TIME*
- 13.71%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $210.48K | $113.76K | $97.74K | |
| $260.22K | $312.98K | $254.49K |
DECZ vs. JULZ - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
DECZ TrueShares Structured Outcome (December) ETF | 8.46% | 12.34% | 18.89% | 18.32% | -8.93% | 20.15% | 1.64% |
JULZ Trueshares Structured Outcome (July) ETF | 8.76% | 13.23% | 18.76% | 17.65% | -9.34% | 20.66% | 3.08% |
Correlation
The correlation between DECZ and JULZ is 0.97 - they have historically moved very closely together. At this level, their price movements offset little of one another.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.97 |
Correlation (3Y) Balances recent behavior with more history. | 0.98 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.98 |
Correlation (All Time) Calculated using the full available price history since Dec 1, 2020 | 0.98 |
The correlation between DECZ and JULZ has been stable across timeframes, ranging from 0.97 to 0.98 - a consistent structural relationship.
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Return for Risk
DECZ vs. JULZ — Risk / Return Rank
DECZ
JULZ
DECZ vs. JULZ - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for TrueShares Structured Outcome (December) ETF (DECZ) 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.
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 | JULZ | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.02 | ||
| Sortino ratioReturn per unit of downside risk | +0.05 | ||
| Omega ratioGain probability vs. loss probability | 1.28 | 1.28 | 0.00 |
| Calmar ratioReturn relative to maximum drawdown | 2.23 | 2.04 | +0.19 |
| Martin ratioReturn relative to average drawdown | 8.68 | 8.19 | +0.49 |
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Drawdowns
DECZ vs. JULZ - Drawdown Comparison
The maximum DECZ drawdown since its inception was -16.57%, which is greater than JULZ's maximum drawdown of -14.71%. Use the drawdown chart below to compare losses from any high point for DECZ and JULZ.
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Drawdown Indicators
| DECZ | JULZ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -16.57% | -14.71% | -1.86% |
Max Drawdown (1Y)Largest decline over 1 year | -7.53% | -8.53% | +1.00% |
Max Drawdown (3Y)Largest decline over 3 years | -14.24% | -14.71% | +0.47% |
Max Drawdown (5Y)Largest decline over 5 years | -16.57% | -14.71% | -1.86% |
Current DrawdownCurrent decline from peak | -0.23% | -0.55% | +0.32% |
Average DrawdownAverage peak-to-trough decline | -3.02% | -2.95% | -0.07% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.93% | 2.12% | -0.19% |
Volatility
DECZ vs. JULZ - Volatility Comparison
TrueShares Structured Outcome (December) ETF (DECZ) has a higher volatility of 3.06% compared to Trueshares Structured Outcome (July) ETF (JULZ) at 2.89%. This indicates that DECZ's price experiences larger fluctuations and is considered to be riskier than JULZ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| DECZ | JULZ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.06% | 2.89% | +0.17% |
Volatility (6M)Calculated over the trailing 6-month period | 8.20% | 8.93% | -0.73% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.51% | 11.08% | -0.57% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 12.71% | 12.33% | +0.38% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 12.39% | 12.33% | +0.06% |
DECZ vs. JULZ - Expense Ratio Comparison
Both DECZ and JULZ have an expense ratio of 0.79%.
Dividends
DECZ vs. JULZ - Dividend Comparison
DECZ's dividend yield for the trailing twelve months is around 3.02%, less than JULZ's 11.00% yield.
| 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% |
JULZ Trueshares Structured Outcome (July) ETF | 11.00% | 11.96% | 3.30% | 3.59% | 0.07% | 0.00% |
Frequently Asked Questions
With a correlation of 0.97, DECZ 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.
DECZ has higher volatility (3.06%) compared to JULZ (2.89%). In terms of maximum drawdown, DECZ dropped -16.57% vs JULZ's -14.71%.
On 5-year performance, DECZ leads with 10.60% vs 10.54% for JULZ. Both ETFs have the same 0.79% expense ratio. On volatility, JULZ has been the lower-risk option at 2.89%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, DECZ has performed better with a 10.60% return vs 10.54%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
DECZ and JULZ have the same expense ratio: 0.79% per year.
JULZ has the higher dividend yield at 11.00%, compared with 3.02% for DECZ.
DECZ is categorized as Defined Outcome, while JULZ is Options Trading. DECZ tracks S&P 500, while JULZ tracks Cboe S&P 500 Buffer Protect Index July.
DECZ currently has the higher Sharpe Ratio (1.60 vs 1.57), 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.
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