FAUG vs. FJUN

Last updated Jun 23, 2026

FAUG (FT Cboe Vest U.S. Equity Buffer ETF - August) and FJUN (FT Cboe Vest U.S. Equity Buffer ETF - June) are both Large Cap Blend Equities funds from First Trust - FAUG tracks the Cboe S&P 500 Buffer Protect Index August while FJUN tracks the Cboe S&P 500 Buffer Protect Index June. Both are passively managed. Over the past 5 years, FAUG returned 8.87%/yr vs 10.79%/yr for FJUN. Their correlation of 0.93 suggests significant overlap in exposure. Both charge a 0.85% expense ratio.

Performance

FAUG vs. FJUN - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in FT Cboe Vest U.S. Equity Buffer ETF - August (FAUG) and FT Cboe Vest U.S. Equity Buffer ETF - June (FJUN). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, FAUG achieves a 6.33% return, which is significantly higher than FJUN's 4.84% return.

FAUG

• 1D: 0.01%
• 1M: 0.63%
• YTD: 6.33%
• 6M: 6.20%
• 1Y: 18.25%
• 3Y*: 14.11%
• 5Y*: 8.87%
• 10Y*: —

FJUN

• 1D: -0.17%
• 1M: 0.37%
• YTD: 4.84%
• 6M: 4.78%
• 1Y: 14.16%
• 3Y*: 13.60%
• 5Y*: 10.79%
• 10Y*: —

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

FAUG vs. FJUN - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020
FAUG FT Cboe Vest U.S. Equity Buffer ETF - August	6.33%	13.77%	14.55%	17.24%	-10.52%	11.54%	13.47%
FJUN FT Cboe Vest U.S. Equity Buffer ETF - June	4.84%	11.05%	16.38%	22.30%	-4.95%	11.47%	9.90%

Correlation

The correlation between FAUG and FJUN is 0.91, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.91
Correlation (3Y) Calculated over the trailing 3-year period	0.94
Correlation (5Y) Calculated over the trailing 5-year period	0.94
Correlation (All Time) Calculated using the full available price history since Jun 22, 2020	0.93

The correlation between FAUG and FJUN has been stable across timeframes, ranging from 0.91 to 0.94 - a consistent structural relationship.

FAUG vs. FJUN - Sectors Allocation Comparison

Sectors	FAUG	FJUN
Technology	39.0%	39.0%
Financial Services	11.1%	11.1%
Communication Services	10.6%	10.6%
Consumer Cyclical	9.9%	9.9%
Healthcare	8.3%	8.3%
Industrials	7.8%	7.8%
Consumer Defensive	4.5%	4.5%
Energy	3.1%	3.1%
Utilities	2.1%	2.1%
Real Estate	1.8%	1.8%
Basic Materials	1.7%	1.7%

Return for Risk

FAUG vs. FJUN — Risk / Return Rank

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

FAUG

FAUG Risk / Return Rank: 83
FAUG Sharpe Ratio Rank: 83
FAUG Sortino Ratio Rank: 85
FAUG Omega Ratio Rank: 87
FAUG Calmar Ratio Rank: 71
FAUG Martin Ratio Rank: 86

FJUN

FJUN Risk / Return Rank: 84
FJUN Sharpe Ratio Rank: 82
FJUN Sortino Ratio Rank: 89
FJUN Omega Ratio Rank: 90
FJUN Calmar Ratio Rank: 71
FJUN Martin Ratio Rank: 90

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.

FAUG vs. FJUN - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for FT Cboe Vest U.S. Equity Buffer ETF - August (FAUG) and FT Cboe Vest U.S. Equity Buffer ETF - June (FJUN). 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.

	FAUG	FJUN	Difference
Sharpe ratio: Return per unit of total volatility	2.56	2.54	+0.02
Sortino ratio: Return per unit of downside risk	3.65	3.89	-0.24
Omega ratio: Gain probability vs. loss probability	1.51	1.55	-0.04
Calmar ratio: Return relative to maximum drawdown	3.49	3.44	+0.05
Martin ratio: Return relative to average drawdown	17.57	19.85	-2.28

FAUG vs. FJUN - Sharpe Ratio Comparison

The current FAUG Sharpe Ratio is 2.56, which is comparable to the FJUN Sharpe Ratio of 2.54. The chart below compares the historical Sharpe Ratios of FAUG and FJUN, 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

FAUG vs. FJUN - Drawdown Comparison

The maximum FAUG drawdown since its inception was -22.33%, which is greater than FJUN's maximum drawdown of -13.26%. Use the drawdown chart below to compare losses from any high point for FAUG and FJUN.

Drawdown Indicators

	FAUG	FJUN	Difference
Max Drawdown Largest peak-to-trough decline	-22.33%	-13.26%	-9.07%
Max Drawdown (1Y) Largest decline over 1 year	-5.26%	-4.13%	-1.13%
Max Drawdown (3Y) Largest decline over 3 years	-12.81%	-13.26%	+0.45%
Max Drawdown (5Y) Largest decline over 5 years	-15.91%	-13.26%	-2.65%
Current Drawdown Current decline from peak	-0.09%	-0.17%	+0.08%
Average Drawdown Average peak-to-trough decline	-2.82%	-1.66%	-1.16%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.04%	0.72%	+0.32%

Volatility

FAUG vs. FJUN - Volatility Comparison

FT Cboe Vest U.S. Equity Buffer ETF - August (FAUG) has a higher volatility of 1.70% compared to FT Cboe Vest U.S. Equity Buffer ETF - June (FJUN) at 0.44%. This indicates that FAUG's price experiences larger fluctuations and is considered to be riskier than FJUN based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FAUG	FJUN	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.70%	0.44%	+1.26%
Volatility (6M) Calculated over the trailing 6-month period	5.59%	4.33%	+1.26%
Volatility (1Y) Calculated over the trailing 1-year period	7.17%	5.61%	+1.56%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	10.79%	10.55%	+0.24%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	12.72%	10.24%	+2.48%

FAUG vs. FJUN - Expense Ratio Comparison

Both FAUG and FJUN have an expense ratio of 0.85%.

Dividends

FAUG vs. FJUN - Dividend Comparison

Neither FAUG nor FJUN has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both FAUG and FJUN in my portfolio?

With a correlation of 0.91, FAUG and FJUN 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 is riskier, FAUG or FJUN?

FAUG has higher volatility (1.70%) compared to FJUN (0.44%). In terms of maximum drawdown, FAUG dropped -22.33% vs FJUN's -13.26%.

Which ETF is better, FAUG or FJUN?

On 5-year performance, FJUN leads with 10.79% vs 8.87% for FAUG. Both ETFs have the same 0.85% expense ratio. On volatility, FJUN has been the lower-risk option at 0.44%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, FAUG or FJUN?

Over the 5-year period, FJUN has performed better with a 10.79% return vs 8.87%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, FAUG or FJUN?

FAUG and FJUN have the same expense ratio: 0.85% per year.

Which ETF pays a higher dividend yield, FAUG or FJUN?

FAUG and FJUN have nearly identical dividend yields, around 0.00%.

What is the main difference between FAUG and FJUN?

FAUG tracks Cboe S&P 500 Buffer Protect Index August, while FJUN tracks Cboe S&P 500 Buffer Protect Index June.

Which has better risk-adjusted returns?

FAUG currently has the higher Sharpe Ratio (2.56 vs 2.54), 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.