FEBZ vs. JULZ
FEBZ (TrueShares Structured Outcome (February) ETF) and JULZ (Trueshares Structured Outcome (July) ETF) are both exchange-traded funds - FEBZ is a Defined Outcome fund tracking the S&P 500 Price Index, while JULZ is a Options Trading fund tracking the Cboe S&P 500 Buffer Protect Index July. Both are passively managed. Over the past 5 years, FEBZ returned 10.36%/yr vs 10.38%/yr for JULZ. Their 0.99 correlation means they have historically moved very closely together. Both charge a 0.79% expense ratio.
Performance
FEBZ vs. JULZ - Performance Comparison
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Returns By Period
In the year-to-date period, FEBZ achieves a 7.06% return, which is significantly lower than JULZ's 7.68% return.
FEBZ
- 1D
- 0.69%
- 1M
- 0.08%
- 6M
- 6.02%
- YTD
- 7.06%
- 1Y
- 15.08%
- 3Y*
- 13.56%
- 5Y*
- 10.36%
- 10Y*
- —
- ALL TIME*
- 11.77%
JULZ
- 1D
- 0.70%
- 1M
- 0.26%
- 6M
- 6.68%
- YTD
- 7.68%
- 1Y
- 16.17%
- 3Y*
- 14.42%
- 5Y*
- 10.38%
- 10Y*
- —
- ALL TIME*
- 13.54%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $5.98K | $8.55K | $176.41K | |
| $41.01K | $210.23K | $221.49K |
FEBZ vs. JULZ - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
FEBZ TrueShares Structured Outcome (February) ETF | 7.06% | 12.97% | 16.88% | 20.65% | -10.32% | 20.46% |
JULZ Trueshares Structured Outcome (July) ETF | 7.68% | 13.23% | 18.76% | 17.65% | -9.34% | 21.41% |
Correlation
The correlation between FEBZ and JULZ is 0.98 - they have historically moved very closely together. At this level, their price movements offset little of one another.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.98 |
Correlation (3Y) Balances recent behavior with more history. | 0.99 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.99 |
Correlation (All Time) Calculated using the full available price history since Feb 1, 2021 | 0.99 |
The correlation between FEBZ and JULZ has been stable across timeframes, ranging from 0.98 to 0.99 - a consistent structural relationship.
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Return for Risk
FEBZ vs. JULZ — Risk / Return Rank
FEBZ
JULZ
FEBZ vs. JULZ - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for TrueShares Structured Outcome (February) ETF (FEBZ) and Trueshares Structured Outcome (July) ETF (JULZ). 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.
| FEBZ | JULZ | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.01 | ||
| Sortino ratioReturn per unit of downside risk | -0.01 | ||
| Omega ratioGain probability vs. loss probability | 1.24 | 1.24 | 0.00 |
| Calmar ratioReturn relative to maximum drawdown | 1.89 | 1.74 | +0.15 |
| Martin ratioReturn relative to average drawdown | 7.56 | 7.00 | +0.56 |
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Drawdowns
FEBZ vs. JULZ - Drawdown Comparison
The maximum FEBZ drawdown since its inception was -17.50%, which is greater than JULZ's maximum drawdown of -14.71%. Use the drawdown chart below to compare losses from any high point for FEBZ and JULZ.
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Drawdown Indicators
| FEBZ | JULZ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -17.50% | -14.71% | -2.79% |
Max Drawdown (1Y)Largest decline over 1 year | -7.14% | -8.53% | +1.39% |
Max Drawdown (3Y)Largest decline over 3 years | -14.68% | -14.71% | +0.03% |
Max Drawdown (5Y)Largest decline over 5 years | -17.50% | -14.71% | -2.79% |
Current DrawdownCurrent decline from peak | -1.35% | -1.53% | +0.18% |
Average DrawdownAverage peak-to-trough decline | -3.27% | -2.95% | -0.32% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.79% | 2.12% | -0.33% |
Volatility
FEBZ vs. JULZ - Volatility Comparison
TrueShares Structured Outcome (February) ETF (FEBZ) and Trueshares Structured Outcome (July) ETF (JULZ) have volatilities of 2.78% and 2.74%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FEBZ | JULZ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.78% | 2.74% | +0.04% |
Volatility (6M)Calculated over the trailing 6-month period | 7.66% | 8.89% | -1.23% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.00% | 11.10% | -1.10% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 12.54% | 12.32% | +0.22% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 12.31% | 12.33% | -0.02% |
FEBZ vs. JULZ - Expense Ratio Comparison
Both FEBZ and JULZ have an expense ratio of 0.79%.
Dividends
FEBZ vs. JULZ - Dividend Comparison
FEBZ's dividend yield for the trailing twelve months is around 2.99%, less than JULZ's 11.11% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
FEBZ TrueShares Structured Outcome (February) ETF | 2.99% | 3.20% | 3.88% | 6.81% | 0.00% |
JULZ Trueshares Structured Outcome (July) ETF | 11.11% | 11.96% | 3.30% | 3.59% | 0.07% |
Frequently Asked Questions
With a correlation of 0.98, FEBZ and JULZ 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.
FEBZ has higher volatility (2.78%) compared to JULZ (2.74%). In terms of maximum drawdown, FEBZ dropped -17.50% vs JULZ's -14.71%.
On 5-year performance, JULZ leads with 10.38% vs 10.36% for FEBZ. Both ETFs have the same 0.79% expense ratio. Their volatility is very similar. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, JULZ has performed better with a 10.38% return vs 10.36%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
FEBZ and JULZ have the same expense ratio: 0.79% per year.
JULZ has the higher dividend yield at 11.11%, compared with 2.99% for FEBZ.
FEBZ is categorized as Defined Outcome, while JULZ is Options Trading. FEBZ tracks S&P 500 Price Index, while JULZ tracks Cboe S&P 500 Buffer Protect Index July.
FEBZ currently has the higher Sharpe Ratio (1.35 vs 1.34), 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.
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