DLFE vs. JULB
DLFE (FT Vest U.S. Equity Dual Directional Buffer ETF - February) and JULB (Aptus July Buffer ETF) are both Defined Outcome funds. DLFE is passively managed, while JULB is actively managed. With a 0.97 correlation, they move nearly in lockstep. DLFE charges 0.85%/yr vs 0.25%/yr for JULB.
Performance
DLFE vs. JULB - Performance Comparison
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Returns By Period
DLFE
- 1D
- 0.19%
- 1M
- 1.43%
- 6M
- —
- YTD
- —
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
JULB
- 1D
- 0.27%
- 1M
- 2.01%
- 6M
- 7.34%
- YTD
- 8.30%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
DLFE vs. JULB - Yearly Performance Comparison
| 2026 (YTD) | |
|---|---|
DLFE FT Vest U.S. Equity Dual Directional Buffer ETF - February | 5.28% |
JULB Aptus July Buffer ETF | 7.33% |
Correlation
The correlation between DLFE 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 Feb 23, 2026 | 0.97 |
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Return for Risk
DLFE vs. JULB - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for FT Vest U.S. Equity Dual Directional Buffer ETF - February (DLFE) 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.
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
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Drawdowns
DLFE vs. JULB - Drawdown Comparison
The maximum DLFE drawdown since its inception was -5.03%, roughly equal to the maximum JULB drawdown of -5.24%. Use the drawdown chart below to compare losses from any high point for DLFE and JULB.
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Drawdown Indicators
| DLFE | JULB | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -5.03% | -5.24% | +0.21% |
Current DrawdownCurrent decline from peak | 0.00% | 0.00% | 0.00% |
Average DrawdownAverage peak-to-trough decline | -0.84% | -0.79% | -0.05% |
Volatility
DLFE vs. JULB - Volatility Comparison
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Volatility by Period
| DLFE | JULB | Difference | |
|---|---|---|---|
Volatility (1Y)Calculated over the trailing 1-year period | 7.45% | 6.74% | +0.71% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.45% | 6.74% | +0.71% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.45% | 6.74% | +0.71% |
DLFE vs. JULB - Expense Ratio Comparison
DLFE has a 0.85% expense ratio, which is higher than JULB's 0.25% expense ratio.
Dividends
DLFE vs. JULB - Dividend Comparison
Neither DLFE nor JULB has paid dividends to shareholders.
Frequently Asked Questions
With a correlation of 0.97, DLFE 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 0.85% for DLFE.
DLFE and JULB have nearly identical dividend yields, around 0.00%.
They also come from different issuers: First Trust and Aptus Capital Advisors. Their fees differ too: 0.85% for DLFE and 0.25% for JULB.
Find the right allocation for DLFE and JULB
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