FCTE vs. DJUN

Last updated Aug 2, 2026

FCTE (SMI 3Fourteen Full-Cycle Trend ETF) and DJUN (FT Cboe Vest U.S. Equity Deep Buffer ETF - June) are both exchange-traded funds - FCTE is a Large Cap Blend Equities fund actively managed by SMI 3Fourteen, while DJUN is a Defined Outcome fund tracking the Cboe S&P 500 30% (-5% to -35%) Buffer Protect June Series Index. FCTE is actively managed, while DJUN is passively managed. Over the past year, FCTE returned 13.55% vs 9.38% for DJUN. Their 0.74 correlation means they have sometimes moved together and sometimes differently. Both charge a 0.85% expense ratio.

Performance

FCTE vs. DJUN - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in SMI 3Fourteen Full-Cycle Trend ETF (FCTE) and FT Cboe Vest U.S. Equity Deep Buffer ETF - June (DJUN). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, FCTE achieves a 16.87% return, which is significantly higher than DJUN's 4.39% return.

FCTE

• 1D: 1.22%
• 1M: 0.54%
• 6M: 9.25%
• YTD: 16.87%
• 1Y: 13.55%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 8.91%

DJUN

• 1D: 0.42%
• 1M: 0.36%
• 6M: 3.79%
• YTD: 4.39%
• 1Y: 9.38%
• 3Y*: 10.46%
• 5Y*: 7.98%
• 10Y*: —
• ALL TIME*: 8.29%

*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)
DJUN FT Cboe Vest U.S. Equity Deep Buffer ETF - June	$1.26M	$1.81M	$2.13M
FCTE SMI 3Fourteen Full-Cycle Trend ETF	$395.29K	$768.22K	$634.95K

FCTE vs. DJUN - Yearly Performance Comparison

	2026 (YTD)	2025	2024
FCTE SMI 3Fourteen Full-Cycle Trend ETF	16.87%	-3.80%	6.19%
DJUN FT Cboe Vest U.S. Equity Deep Buffer ETF - June	4.39%	9.38%	5.77%

Correlation

The correlation between FCTE and DJUN is 0.62, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.62
Correlation (All Time) Calculated using the full available price history since Jul 2, 2024	0.74

The correlation between FCTE and DJUN shifts across timeframes, from 0.62 (1 year) to 0.74 (all time), reflecting how their relationship changes across market environments.

Return for Risk

FCTE vs. DJUN — Risk / Return Rank

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

FCTE

FCTE Risk / Return Rank: 32
FCTE Sharpe Ratio Rank: 33
FCTE Sortino Ratio Rank: 33
FCTE Omega Ratio Rank: 31
FCTE Calmar Ratio Rank: 30
FCTE Martin Ratio Rank: 31

DJUN

DJUN Risk / Return Rank: 86
DJUN Sharpe Ratio Rank: 81
DJUN Sortino Ratio Rank: 85
DJUN Omega Ratio Rank: 89
DJUN Calmar Ratio Rank: 79
DJUN Martin Ratio Rank: 92

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.

FCTE vs. DJUN - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for SMI 3Fourteen Full-Cycle Trend ETF (FCTE) and FT Cboe Vest U.S. Equity Deep Buffer ETF - June (DJUN). 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.

	FCTE	DJUN	Difference
Sharpe ratio: Return per unit of total volatility	0.82	1.89	-1.07
Sortino ratio: Return per unit of downside risk	1.26	2.85	-1.59
Omega ratio: Gain probability vs. loss probability	1.15	1.41	-0.26
Calmar ratio: Return relative to maximum drawdown	0.97	2.84	-1.86
Martin ratio: Return relative to average drawdown	2.74	16.29	-13.55

FCTE vs. DJUN - Sharpe Ratio Comparison

The current FCTE Sharpe Ratio is 0.82, which is lower than the DJUN Sharpe Ratio of 1.89. The chart below compares the historical Sharpe Ratios of FCTE and DJUN, 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

FCTE vs. DJUN - Drawdown Comparison

The maximum FCTE drawdown since its inception was -19.68%, which is greater than DJUN's maximum drawdown of -11.96%. Use the drawdown chart below to compare losses from any high point for FCTE and DJUN.

Drawdown Indicators

	FCTE	DJUN	Difference
Max Drawdown Largest peak-to-trough decline	-19.68%	-11.96%	-7.72%
Max Drawdown (1Y) Largest decline over 1 year	-12.85%	-3.15%	-9.70%
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	-0.37%	-0.35%	-0.02%
Average Drawdown Average peak-to-trough decline	-5.63%	-1.56%	-4.07%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.55%	0.55%	+4.00%

Volatility

FCTE vs. DJUN - Volatility Comparison

SMI 3Fourteen Full-Cycle Trend ETF (FCTE) has a higher volatility of 3.40% compared to FT Cboe Vest U.S. Equity Deep Buffer ETF - June (DJUN) at 1.72%. This indicates that FCTE's price experiences larger fluctuations and is considered to be riskier than DJUN based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FCTE	DJUN	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.40%	1.72%	+1.68%
Volatility (6M) Calculated over the trailing 6-month period	12.21%	3.94%	+8.27%
Volatility (1Y) Calculated over the trailing 1-year period	15.29%	4.74%	+10.55%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.40%	8.54%	+9.86%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.40%	7.99%	+10.41%

FCTE vs. DJUN - Expense Ratio Comparison

Both FCTE and DJUN have an expense ratio of 0.85%.

Dividends

FCTE vs. DJUN - Dividend Comparison

FCTE's dividend yield for the trailing twelve months is around 0.08%, while DJUN has not paid dividends to shareholders.

Position	TTM	2025	2024
DJUN FT Cboe Vest U.S. Equity Deep Buffer ETF - June	0.00%	0.00%	0.00%
FCTE SMI 3Fourteen Full-Cycle Trend ETF	0.08%	0.18%	0.18%

Frequently Asked Questions

Can I hold both FCTE and DJUN in my portfolio?

FCTE and DJUN have a correlation of 0.62, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, FCTE or DJUN?

FCTE has higher volatility (3.40%) compared to DJUN (1.72%). In terms of maximum drawdown, FCTE dropped -19.68% vs DJUN's -11.96%.

Which ETF is better, FCTE or DJUN?

On 1-year performance, FCTE leads with 13.55% vs 9.38% for DJUN. Both ETFs have the same 0.85% expense ratio. On volatility, DJUN has been the lower-risk option at 1.72%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, FCTE or DJUN?

Over the 1-year period, FCTE has performed better with a 13.55% return vs 9.38%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, FCTE or DJUN?

FCTE and DJUN have the same expense ratio: 0.85% per year.

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

FCTE has the higher dividend yield at 0.08%, compared with 0.00% for DJUN.

What is the main difference between FCTE and DJUN?

FCTE is categorized as Large Cap Blend Equities, while DJUN is Defined Outcome. They also come from different issuers: SMI 3Fourteen and First Trust.

Which has better risk-adjusted returns?

DJUN currently has the higher Sharpe Ratio (1.89 vs 0.82), 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.