DOCT vs. JULB

Last updated Jun 4, 2026

DOCT (FT Vest U.S. Equity Deep Buffer ETF - October) and JULB (Aptus July Buffer ETF) are both Defined Outcome funds. DOCT is passively managed, while JULB is actively managed. With a 0.96 correlation, they move nearly in lockstep. DOCT charges 0.85%/yr vs 0.25%/yr for JULB.

Performance

DOCT vs. JULB - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in FT Vest U.S. Equity Deep Buffer ETF - October (DOCT) and Aptus July Buffer ETF (JULB). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, DOCT achieves a 5.06% return, which is significantly lower than JULB's 6.35% return.

DOCT

• 1D: -0.20%
• 1M: 1.95%
• YTD: 5.06%
• 6M: 5.55%
• 1Y: 16.45%
• 3Y*: 10.96%
• 5Y*: 7.74%
• 10Y*: —

JULB

• 1D: -0.07%
• 1M: 2.40%
• YTD: 6.35%
• 6M: 6.93%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

DOCT vs. JULB - Yearly Performance Comparison

	2026 (YTD)	2025
DOCT FT Vest U.S. Equity Deep Buffer ETF - October	5.06%	2.16%
JULB Aptus July Buffer ETF	6.35%	2.56%

Correlation

The correlation between DOCT and JULB is 0.96 - 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 Oct 15, 2025	0.96

Return for Risk

DOCT vs. JULB — Risk / Return Rank

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

DOCT

DOCT Risk / Return Rank: 85
DOCT Sharpe Ratio Rank: 84
DOCT Sortino Ratio Rank: 90
DOCT Omega Ratio Rank: 88
DOCT Calmar Ratio Rank: 76
DOCT Martin Ratio Rank: 88

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.

DOCT vs. JULB - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for FT Vest U.S. Equity Deep Buffer ETF - October (DOCT) 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.

	DOCT	JULB	Difference
Sharpe ratio: Return per unit of total volatility	2.77	—	—
Sortino ratio: Return per unit of downside risk	4.18	—	—
Omega ratio: Gain probability vs. loss probability	1.55	—	—
Calmar ratio: Return relative to maximum drawdown	3.81	—	—
Martin ratio: Return relative to average drawdown	19.15	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	DOCT	JULB	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.77	—	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	1.06	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.53	2.17	-1.64

Drawdowns

DOCT vs. JULB - Drawdown Comparison

The maximum DOCT drawdown since its inception was -9.92%, which is greater than JULB's maximum drawdown of -5.24%. Use the drawdown chart below to compare losses from any high point for DOCT and JULB.

Drawdown Indicators

	DOCT	JULB	Difference
Max Drawdown Largest peak-to-trough decline	-9.92%	-5.24%	-4.68%
Max Drawdown (1Y) Largest decline over 1 year	-4.34%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-9.92%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-9.92%	—	—
Current Drawdown Current decline from peak	-0.20%	-0.07%	-0.13%
Average Drawdown Average peak-to-trough decline	-1.54%	-0.87%	-0.67%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.86%	—	—

Volatility

Volatility by Period

	DOCT	JULB	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.86%	—	—
Volatility (6M) Calculated over the trailing 6-month period	4.40%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	5.96%	6.81%	-0.85%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	7.33%	6.81%	+0.52%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	48.58%	6.81%	+41.77%

DOCT vs. JULB - Expense Ratio Comparison

DOCT has a 0.85% expense ratio, which is higher than JULB's 0.25% expense ratio.

Dividends

DOCT vs. JULB - Dividend Comparison

Neither DOCT nor JULB has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both DOCT and JULB in my portfolio?

With a correlation of 0.96, DOCT 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, DOCT 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, DOCT or JULB?

JULB is cheaper with a 0.25% expense ratio, compared with 0.85% for DOCT.

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

DOCT and JULB have nearly identical dividend yields, around 0.00%.

What is the main difference between DOCT and JULB?

They also come from different issuers: FT Vest and Aptus Capital Advisors. Their fees differ too: 0.85% for DOCT and 0.25% for JULB.