DUBS vs. JULB

Last updated Aug 4, 2026

DUBS (Aptus Large Cap Enhanced Yield ETF) and JULB (Aptus July Buffer ETF) are both exchange-traded funds - DUBS is a Derivative Income fund actively managed by Aptus, while JULB is a Defined Outcome fund actively managed by Aptus. Both are actively managed. Their 0.96 correlation means they have historically moved very closely together. DUBS charges 0.39%/yr vs 0.25%/yr for JULB.

Performance

DUBS vs. JULB - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Aptus Large Cap Enhanced Yield ETF (DUBS) 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, DUBS achieves a 13.77% return, which is significantly higher than JULB's 8.79% return.

DUBS

• 1D: 1.35%
• 1M: 2.18%
• 6M: 12.14%
• YTD: 13.77%
• 1Y: 27.76%
• 3Y*: 21.04%
• 5Y*: —
• 10Y*: —
• ALL TIME*: 20.96%

JULB

• 1D: 0.65%
• 1M: 1.23%
• 6M: 7.52%
• YTD: 8.79%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: —

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
DUBS Aptus Large Cap Enhanced Yield ETF	$881.48K	$1.25M	$931.41K
JULB Aptus July Buffer ETF	$147.19K	$170.46K	$229.15K

DUBS vs. JULB - Yearly Performance Comparison

	2026 (YTD)	2025
DUBS Aptus Large Cap Enhanced Yield ETF	13.77%	4.11%
JULB Aptus July Buffer ETF	8.79%	2.44%

Correlation

The correlation between DUBS and JULB is 0.96 - they have historically moved very closely together. At this level, their price movements offset little of one another.

	Correlation
Correlation (All Time) Calculated using the full available price history since Oct 14, 2025	0.96

Return for Risk

DUBS vs. JULB — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

DUBS

DUBS Risk / Return Rank: 83
DUBS Sharpe Ratio Rank: 81
DUBS Sortino Ratio Rank: 78
DUBS Omega Ratio Rank: 81
DUBS Calmar Ratio Rank: 83
DUBS Martin Ratio Rank: 89

JULB

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

DUBS vs. JULB - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Aptus Large Cap Enhanced Yield ETF (DUBS) 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.

	DUBS	JULB	Difference
Sharpe ratio: Return per unit of total volatility	2.02	—	—
Sortino ratio: Return per unit of downside risk	2.73	—	—
Omega ratio: Gain probability vs. loss probability	1.37	—	—
Calmar ratio: Return relative to maximum drawdown	3.36	—	—
Martin ratio: Return relative to average drawdown	14.49	—	—

Drawdowns

DUBS vs. JULB - Drawdown Comparison

The maximum DUBS drawdown since its inception was -18.48%, which is greater than JULB's maximum drawdown of -5.24%. Use the drawdown chart below to compare losses from any high point for DUBS and JULB.

Drawdown Indicators

	DUBS	JULB	Difference
Max Drawdown Largest peak-to-trough decline	-18.48%	-5.24%	-13.24%
Max Drawdown (1Y) Largest decline over 1 year	-8.29%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-18.48%	—	—
Current Drawdown Current decline from peak	0.00%	0.00%	0.00%
Average Drawdown Average peak-to-trough decline	-1.93%	-0.78%	-1.15%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.92%	—	—

Volatility

Volatility by Period

	DUBS	JULB	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.96%	—	—
Volatility (6M) Calculated over the trailing 6-month period	10.83%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	13.81%	6.83%	+6.98%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.64%	6.83%	+7.81%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	14.64%	6.83%	+7.81%

DUBS vs. JULB - Expense Ratio Comparison

DUBS has a 0.39% expense ratio, which is higher than JULB's 0.25% expense ratio.

Dividends

DUBS vs. JULB - Dividend Comparison

DUBS's dividend yield for the trailing twelve months is around 1.97%, while JULB has not paid dividends to shareholders.

Position	TTM	2025	2024	2023
DUBS Aptus Large Cap Enhanced Yield ETF	1.97%	2.06%	2.52%	1.14%
JULB Aptus July Buffer ETF	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both DUBS and JULB in my portfolio?

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

JULB is cheaper with a 0.25% expense ratio, compared with 0.39% for DUBS.

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

DUBS has the higher dividend yield at 1.97%, compared with 0.00% for JULB.

What is the main difference between DUBS and JULB?

DUBS is categorized as Derivative Income, while JULB is Defined Outcome. Their fees differ too: 0.39% for DUBS and 0.25% for JULB.