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DJUN vs. AIRR
Performance
Return for Risk
Drawdowns
Volatility
Dividends

DJUN vs. AIRR

Last updated Jun 4, 2026

DJUN (FT Cboe Vest U.S. Equity Deep Buffer ETF - June) and AIRR (First Trust RBA American Industrial Renaissance ETF) are both exchange-traded funds - DJUN is a Large Cap Blend Equities fund tracking the Cboe S&P 500 30% (-5% to -35%) Buffer Protect June Series Index, while AIRR is a Building & Construction fund tracking the Richard Bernstein Advisors American Industrial Renaissance (TR). Both are passively managed. Over the past 5 years, DJUN returned 8.19%/yr vs 25.40%/yr for AIRR. A 0.66 correlation means they provide meaningful diversification when combined. DJUN charges 0.85%/yr vs 0.70%/yr for AIRR.

Performance

DJUN vs. AIRR - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in FT Cboe Vest U.S. Equity Deep Buffer ETF - June (DJUN) and First Trust RBA American Industrial Renaissance ETF (AIRR). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, DJUN achieves a 3.78% return, which is significantly lower than AIRR's 31.77% return.

DJUN

1D
0.01%
1M
0.88%
YTD
3.78%
6M
4.53%
1Y
10.92%
3Y*
11.40%
5Y*
8.19%
10Y*
—

AIRR

1D
0.54%
1M
3.36%
YTD
31.77%
6M
31.32%
1Y
65.82%
3Y*
37.10%
5Y*
25.40%
10Y*
21.89%
*Multi-year figures are annualized to reflect compound growth (CAGR)

DJUN vs. AIRR - Yearly Performance Comparison

2026 (YTD)202520242023202220212020
DJUN
FT Cboe Vest U.S. Equity Deep Buffer ETF - June		3.78%9.38%13.92%17.58%-6.30%6.27%6.48%
AIRR
First Trust RBA American Industrial Renaissance ETF		31.77%27.92%33.45%31.43%-2.08%33.01%43.64%

Correlation

The correlation between DJUN and AIRR is 0.59, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.59

Correlation (3Y)
Calculated over the trailing 3-year period

0.64

Correlation (5Y)
Calculated over the trailing 5-year period

0.70

Correlation (All Time)
Calculated using the full available price history since Jun 23, 2020

0.66

The correlation between DJUN and AIRR shifts across timeframes, from 0.59 (1 year) to 0.70 (5 years), reflecting how their relationship changes across market environments.

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

FT Cboe Vest U.S. Equity Deep Buffer ETF - June

First Trust RBA American Industrial Renaissance ETF

Often compared with DJUN:
DJUN vs. VEADJUN vs. PRAYDJUN vs. FTAGDJUN vs. XMAGDJUN vs. VTIDJUN vs. MSLCDJUN vs. SCHX
Often compared with AIRR:
AIRR vs. PAVEAIRR vs. XLIAIRR vs. RSHOAIRR vs. XHBAIRR vs. QQQAIRR vs. PSCIAIRR vs. GRID

Return for Risk

DJUN vs. AIRR — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
DJUN
DJUN Risk / Return Rank: 7777
Overall Rank
DJUN Sharpe Ratio Rank: 6767
Sharpe Ratio Rank
DJUN Sortino Ratio Rank: 7474
Sortino Ratio Rank
DJUN Omega Ratio Rank: 8383
Omega Ratio Rank
DJUN Calmar Ratio Rank: 7171
Calmar Ratio Rank
DJUN Martin Ratio Rank: 9090
Martin Ratio Rank
AIRR
AIRR Risk / Return Rank: 7878
Overall Rank
AIRR Sharpe Ratio Rank: 7979
Sharpe Ratio Rank
AIRR Sortino Ratio Rank: 7373
Sortino Ratio Rank
AIRR Omega Ratio Rank: 6767
Omega Ratio Rank
AIRR Calmar Ratio Rank: 8787
Calmar Ratio Rank
AIRR Martin Ratio Rank: 8686
Martin Ratio Rank
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.

DJUN vs. AIRR - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for FT Cboe Vest U.S. Equity Deep Buffer ETF - June (DJUN) and First Trust RBA American Industrial Renaissance ETF (AIRR). 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.

DJUNAIRRDifference
Sharpe ratioReturn per unit of total volatility
2.22
2.61

-0.40

Sortino ratioReturn per unit of downside risk
3.35
3.37

-0.03

Omega ratioGain probability vs. loss probability

1.50

1.41

+0.09

Calmar ratioReturn relative to maximum drawdown

3.51

5.05

-1.55

Martin ratioReturn relative to average drawdown

20.66

18.68

+1.98

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

DJUN vs. AIRR - Sharpe Ratio Comparison

The current DJUN Sharpe Ratio is 2.22, which is comparable to the AIRR Sharpe Ratio of 2.61. The chart below compares the historical Sharpe Ratios of DJUN and AIRR, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Sharpe Ratios by Period

DJUNAIRRDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

2.22

2.61

-0.40

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.97

1.01

-0.04

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

—

0.84

—

Sharpe Ratio (All Time)

Calculated using the full available price history

1.04

0.67

+0.37

Drawdowns

DJUN vs. AIRR - Drawdown Comparison

The maximum DJUN drawdown since its inception was -11.96%, smaller than the maximum AIRR drawdown of -42.37%. Use the drawdown chart below to compare losses from any high point for DJUN and AIRR.

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Drawdown Indicators

DJUNAIRRDifference

Max Drawdown

Largest peak-to-trough decline

-11.96%

-42.37%

+30.41%

Max Drawdown (1Y)

Largest decline over 1 year

-3.15%

-13.09%

+9.94%

Max Drawdown (3Y)

Largest decline over 3 years

-11.96%

-27.95%

+15.99%

Max Drawdown (5Y)

Largest decline over 5 years

-11.96%

-27.95%

+15.99%

Max Drawdown (10Y)

Largest decline over 10 years

—

-42.37%

—

Current Drawdown

Current decline from peak

0.00%

-1.86%

+1.86%

Average Drawdown

Average peak-to-trough decline

-1.59%

-7.43%

+5.84%

Ulcer Index

Depth and duration of drawdowns from previous peaks

0.53%

3.53%

-3.00%

Volatility

DJUN vs. AIRR - Volatility Comparison

The current volatility for FT Cboe Vest U.S. Equity Deep Buffer ETF - June (DJUN) is 0.25%, while First Trust RBA American Industrial Renaissance ETF (AIRR) has a volatility of 7.87%. This indicates that DJUN experiences smaller price fluctuations and is considered to be less risky than AIRR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

DJUNAIRRDifference

Volatility (1M)

Calculated over the trailing 1-month period

0.25%

7.87%

-7.62%

Volatility (6M)

Calculated over the trailing 6-month period

3.55%

19.82%

-16.27%

Volatility (1Y)

Calculated over the trailing 1-year period

5.04%

25.40%

-20.36%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

8.52%

25.29%

-16.77%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

8.06%

26.29%

-18.23%

DJUN vs. AIRR - Expense Ratio Comparison

DJUN has a 0.85% expense ratio, which is higher than AIRR's 0.70% expense ratio.

Dividends

DJUN vs. AIRR - Dividend Comparison

DJUN has not paid dividends to shareholders, while AIRR's dividend yield for the trailing twelve months is around 0.13%.

PositionTTM20252024202320222021202020192018201720162015
AIRR
First Trust RBA American Industrial Renaissance ETF		0.13%0.19%0.18%0.23%0.12%0.05%0.10%0.20%0.43%0.30%0.08%0.47%
DJUN
FT Cboe Vest U.S. Equity Deep Buffer ETF - June		0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%

Frequently Asked Questions

DJUN and AIRR have a correlation of 0.59, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

AIRR has higher volatility (7.87%) compared to DJUN (0.25%). In terms of maximum drawdown, DJUN dropped -11.96% vs AIRR's -42.37%.

On 5-year performance, AIRR leads with 25.40% vs 8.19% for DJUN. On fees, AIRR is cheaper at 0.70% per year. On volatility, DJUN has been the lower-risk option at 0.25%. The better choice depends on whether you care most about return, fees, risk, or income.

Over the 5-year period, AIRR has performed better with a 25.40% return vs 8.19%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

AIRR is cheaper with a 0.70% expense ratio, compared with 0.85% for DJUN.

AIRR has the higher dividend yield at 0.13%, compared with 0.00% for DJUN.

DJUN is categorized as Large Cap Blend Equities, while AIRR is Building & Construction. DJUN tracks Cboe S&P 500 30% (-5% to -35%) Buffer Protect June Series Index, while AIRR tracks Richard Bernstein Advisors American Industrial Renaissance (TR). Their fees differ too: 0.85% for DJUN and 0.70% for AIRR.

AIRR currently has the higher Sharpe Ratio (2.61 vs 2.22), 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.

Portfolio Optimizer

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