DJUN vs. ESN

Last updated Jul 15, 2026

DJUN (FT Cboe Vest U.S. Equity Deep Buffer ETF - June) and ESN (Essential 40 Stock ETF) are both exchange-traded funds - DJUN is a Defined Outcome fund tracking the Cboe S&P 500 30% (-5% to -35%) Buffer Protect June Series Index, while ESN is a Large Cap Blend Equities fund tracking the Essential 40 Stock Index. Both are passively managed. Over the past year, DJUN returned 9.49% vs 23.08% for ESN. A 0.70 correlation means they provide meaningful diversification when combined. DJUN charges 0.85%/yr vs 0.70%/yr for ESN.

Performance

DJUN vs. ESN - 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 Essential 40 Stock ETF (ESN). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, DJUN achieves a 4.58% return, which is significantly lower than ESN's 15.77% return.

DJUN

• 1D: 0.27%
• 1M: 0.68%
• 6M: 4.11%
• YTD: 4.58%
• 1Y: 9.49%
• 3Y*: 10.86%
• 5Y*: 8.08%
• 10Y*: —

ESN

• 1D: -0.02%
• 1M: 0.36%
• 6M: 11.74%
• YTD: 15.77%
• 1Y: 23.08%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

DJUN vs. ESN - Yearly Performance Comparison

	2026 (YTD)	2025	2024
DJUN FT Cboe Vest U.S. Equity Deep Buffer ETF - June	4.58%	9.38%	0.84%
ESN Essential 40 Stock ETF	15.77%	16.52%	-3.53%

Correlation

The correlation between DJUN and ESN is 0.63, 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	0.63
Correlation (All Time) Calculated using the full available price history since Oct 21, 2024	0.70

The correlation between DJUN and ESN has been stable across timeframes, ranging from 0.63 to 0.70 - a consistent structural relationship.

Return for Risk

DJUN vs. ESN — Risk / Return Rank

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

DJUN

DJUN Risk / Return Rank: 86
DJUN Sharpe Ratio Rank: 84
DJUN Sortino Ratio Rank: 88
DJUN Omega Ratio Rank: 91
DJUN Calmar Ratio Rank: 75
DJUN Martin Ratio Rank: 93

ESN

ESN Risk / Return Rank: 87
ESN Sharpe Ratio Rank: 89
ESN Sortino Ratio Rank: 89
ESN Omega Ratio Rank: 85
ESN Calmar Ratio Rank: 84
ESN Martin Ratio Rank: 86

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. ESN - 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 Essential 40 Stock ETF (ESN). 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.

	DJUN	ESN	Difference
Sharpe ratio: Return per unit of total volatility	2.12	2.34	-0.22
Sortino ratio: Return per unit of downside risk	3.24	3.25	-0.02
Omega ratio: Gain probability vs. loss probability	1.48	1.41	+0.07
Calmar ratio: Return relative to maximum drawdown	3.05	3.61	-0.56
Martin ratio: Return relative to average drawdown	18.41	14.18	+4.23

DJUN vs. ESN - Sharpe Ratio Comparison

The current DJUN Sharpe Ratio is 2.12, which is comparable to the ESN Sharpe Ratio of 2.34. The chart below compares the historical Sharpe Ratios of DJUN and ESN, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

DJUN vs. ESN - Drawdown Comparison

The maximum DJUN drawdown since its inception was -11.96%, smaller than the maximum ESN drawdown of -13.60%. Use the drawdown chart below to compare losses from any high point for DJUN and ESN.

Drawdown Indicators

	DJUN	ESN	Difference
Max Drawdown Largest peak-to-trough decline	-11.96%	-13.60%	+1.64%
Max Drawdown (1Y) Largest decline over 1 year	-3.15%	-6.42%	+3.27%
Max Drawdown (3Y) Largest decline over 3 years	-11.96%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-11.96%	—	—
Current Drawdown Current decline from peak	-0.12%	-1.03%	+0.91%
Average Drawdown Average peak-to-trough decline	-1.57%	-1.83%	+0.26%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.52%	1.64%	-1.12%

Volatility

DJUN vs. ESN - Volatility Comparison

The current volatility for FT Cboe Vest U.S. Equity Deep Buffer ETF - June (DJUN) is 1.40%, while Essential 40 Stock ETF (ESN) has a volatility of 2.66%. This indicates that DJUN experiences smaller price fluctuations and is considered to be less risky than ESN based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	DJUN	ESN	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.40%	2.66%	-1.26%
Volatility (6M) Calculated over the trailing 6-month period	3.73%	7.47%	-3.74%
Volatility (1Y) Calculated over the trailing 1-year period	4.53%	9.92%	-5.39%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	8.53%	13.13%	-4.60%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	8.00%	13.13%	-5.13%

DJUN vs. ESN - Expense Ratio Comparison

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

Dividends

DJUN vs. ESN - Dividend Comparison

DJUN has not paid dividends to shareholders, while ESN's dividend yield for the trailing twelve months is around 0.79%.

Position	TTM	2025	2024
DJUN FT Cboe Vest U.S. Equity Deep Buffer ETF - June	0.00%	0.00%	0.00%
ESN Essential 40 Stock ETF	0.79%	0.91%	0.76%

Frequently Asked Questions

Can I hold both DJUN and ESN in my portfolio?

DJUN and ESN have a correlation of 0.63, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, DJUN or ESN?

ESN has higher volatility (2.66%) compared to DJUN (1.40%). In terms of maximum drawdown, DJUN dropped -11.96% vs ESN's -13.60%.

Which ETF is better, DJUN or ESN?

On 1-year performance, ESN leads with 23.08% vs 9.49% for DJUN. On fees, ESN is cheaper at 0.70% per year. On volatility, DJUN has been the lower-risk option at 1.40%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, DJUN or ESN?

Over the 1-year period, ESN has performed better with a 23.08% return vs 9.49%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, DJUN or ESN?

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

Which ETF pays a higher dividend yield, DJUN or ESN?

ESN has the higher dividend yield at 0.79%, compared with 0.00% for DJUN.

What is the main difference between DJUN and ESN?

DJUN is categorized as Defined Outcome, while ESN is Large Cap Blend Equities. DJUN tracks Cboe S&P 500 30% (-5% to -35%) Buffer Protect June Series Index, while ESN tracks Essential 40 Stock Index. They also come from different issuers: First Trust and KKM Financial. Their fees differ too: 0.85% for DJUN and 0.70% for ESN.

Which has better risk-adjusted returns?

ESN currently has the higher Sharpe Ratio (2.34 vs 2.12), 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.