FEBU vs. JULW

Last updated Jun 23, 2026

FEBU (AllianzIM U.S. Equity Buffer15 Uncapped Feb ETF) and JULW (AllianzIM U.S. Large Cap Buffer20 Jul ETF) are both exchange-traded funds - FEBU is a Defined Outcome fund actively managed by Allianz, while JULW is a Options Trading fund actively managed by Allianz. Both are actively managed. Over the past year, FEBU returned 18.63% vs 12.86% for JULW. Their correlation of 0.90 suggests significant overlap in exposure. Both charge a 0.74% expense ratio.

Performance

FEBU vs. JULW - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in AllianzIM U.S. Equity Buffer15 Uncapped Feb ETF (FEBU) and AllianzIM U.S. Large Cap Buffer20 Jul ETF (JULW). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, FEBU achieves a 7.02% return, which is significantly higher than JULW's 4.13% return.

FEBU

• 1D: -0.30%
• 1M: -0.11%
• YTD: 7.02%
• 6M: 6.63%
• 1Y: 18.63%
• 3Y*: —
• 5Y*: —
• 10Y*: —

JULW

• 1D: 0.04%
• 1M: 0.46%
• YTD: 4.13%
• 6M: 4.26%
• 1Y: 12.86%
• 3Y*: 11.21%
• 5Y*: 9.00%
• 10Y*: —

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

FEBU vs. JULW - Yearly Performance Comparison

	2026 (YTD)	2025
FEBU AllianzIM U.S. Equity Buffer15 Uncapped Feb ETF	7.02%	10.69%
JULW AllianzIM U.S. Large Cap Buffer20 Jul ETF	4.13%	9.99%

Correlation

The correlation between FEBU and JULW is 0.89, 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	0.89
Correlation (All Time) Calculated using the full available price history since Feb 3, 2025	0.90

The correlation between FEBU and JULW has been stable across timeframes, ranging from 0.89 to 0.90 - a consistent structural relationship.

Return for Risk

FEBU vs. JULW — Risk / Return Rank

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

FEBU

FEBU Risk / Return Rank: 60
FEBU Sharpe Ratio Rank: 59
FEBU Sortino Ratio Rank: 56
FEBU Omega Ratio Rank: 57
FEBU Calmar Ratio Rank: 65
FEBU Martin Ratio Rank: 66

JULW

JULW Risk / Return Rank: 91
JULW Sharpe Ratio Rank: 91
JULW Sortino Ratio Rank: 95
JULW Omega Ratio Rank: 94
JULW Calmar Ratio Rank: 84
JULW Martin Ratio Rank: 94

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.

FEBU vs. JULW - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for AllianzIM U.S. Equity Buffer15 Uncapped Feb ETF (FEBU) and AllianzIM U.S. Large Cap Buffer20 Jul ETF (JULW). 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.

	FEBU	JULW	Difference
Sharpe ratio: Return per unit of total volatility	1.90	2.98	-1.08
Sortino ratio: Return per unit of downside risk	2.61	4.75	-2.14
Omega ratio: Gain probability vs. loss probability	1.34	1.67	-0.33
Calmar ratio: Return relative to maximum drawdown	3.12	4.36	-1.23
Martin ratio: Return relative to average drawdown	11.61	24.86	-13.25

FEBU vs. JULW - Sharpe Ratio Comparison

The current FEBU Sharpe Ratio is 1.90, which is lower than the JULW Sharpe Ratio of 2.98. The chart below compares the historical Sharpe Ratios of FEBU and JULW, 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

FEBU vs. JULW - Drawdown Comparison

The maximum FEBU drawdown since its inception was -11.73%, which is greater than JULW's maximum drawdown of -9.49%. Use the drawdown chart below to compare losses from any high point for FEBU and JULW.

Drawdown Indicators

	FEBU	JULW	Difference
Max Drawdown Largest peak-to-trough decline	-11.73%	-9.49%	-2.24%
Max Drawdown (1Y) Largest decline over 1 year	-5.99%	-2.96%	-3.03%
Max Drawdown (3Y) Largest decline over 3 years	—	-9.49%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-9.49%	—
Current Drawdown Current decline from peak	-1.66%	0.00%	-1.66%
Average Drawdown Average peak-to-trough decline	-1.89%	-0.91%	-0.98%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.61%	0.52%	+1.09%

Volatility

FEBU vs. JULW - Volatility Comparison

AllianzIM U.S. Equity Buffer15 Uncapped Feb ETF (FEBU) has a higher volatility of 3.58% compared to AllianzIM U.S. Large Cap Buffer20 Jul ETF (JULW) at 0.35%. This indicates that FEBU's price experiences larger fluctuations and is considered to be riskier than JULW based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FEBU	JULW	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.58%	0.35%	+3.23%
Volatility (6M) Calculated over the trailing 6-month period	7.40%	3.21%	+4.19%
Volatility (1Y) Calculated over the trailing 1-year period	9.86%	4.34%	+5.52%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	11.61%	6.89%	+4.72%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	11.61%	6.51%	+5.10%

FEBU vs. JULW - Expense Ratio Comparison

Both FEBU and JULW have an expense ratio of 0.74%.

Dividends

FEBU vs. JULW - Dividend Comparison

Neither FEBU nor JULW has paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020
FEBU AllianzIM U.S. Equity Buffer15 Uncapped Feb ETF	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
JULW AllianzIM U.S. Large Cap Buffer20 Jul ETF	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	3.04%

Frequently Asked Questions

Can I hold both FEBU and JULW in my portfolio?

FEBU and JULW have a correlation of 0.89, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, FEBU or JULW?

FEBU has higher volatility (3.58%) compared to JULW (0.35%). In terms of maximum drawdown, FEBU dropped -11.73% vs JULW's -9.49%.

Which ETF is better, FEBU or JULW?

On 1-year performance, FEBU leads with 18.63% vs 12.86% for JULW. Both ETFs have the same 0.74% expense ratio. On volatility, JULW has been the lower-risk option at 0.35%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, FEBU or JULW?

Over the 1-year period, FEBU has performed better with a 18.63% return vs 12.86%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, FEBU or JULW?

FEBU and JULW have the same expense ratio: 0.74% per year.

Which ETF pays a higher dividend yield, FEBU or JULW?

FEBU and JULW have nearly identical dividend yields, around 0.00%.

What is the main difference between FEBU and JULW?

FEBU is categorized as Defined Outcome, while JULW is Options Trading.

Which has better risk-adjusted returns?

JULW currently has the higher Sharpe Ratio (2.98 vs 1.90), 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.