FJUL vs. CTIF

Last updated Aug 2, 2026

FJUL (FT Cboe Vest U.S. Equity Buffer ETF - July) and CTIF (Castellan Targeted Income ETF) are both exchange-traded funds - FJUL is a Options Trading fund tracking the Cboe S&P 500 Buffer Protect Index July, while CTIF is a Derivative Income fund actively managed by Castellan. FJUL is passively managed, while CTIF is actively managed. Over the past year, FJUL returned 14.82% vs 13.36% for CTIF. Their 0.72 correlation means they have sometimes moved together and sometimes differently. FJUL charges 0.85%/yr vs 0.45%/yr for CTIF.

Performance

FJUL vs. CTIF - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in FT Cboe Vest U.S. Equity Buffer ETF - July (FJUL) and Castellan Targeted Income ETF (CTIF). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, FJUL achieves a 7.54% return, which is significantly lower than CTIF's 9.32% return.

FJUL

• 1D: 0.47%
• 1M: 0.86%
• 6M: 6.71%
• YTD: 7.54%
• 1Y: 14.82%
• 3Y*: 14.53%
• 5Y*: 11.47%
• 10Y*: —
• ALL TIME*: 11.97%

CTIF

• 1D: 0.88%
• 1M: 4.08%
• 6M: 7.06%
• YTD: 9.32%
• 1Y: 13.36%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 12.28%

*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)
CTIF Castellan Targeted Income ETF	$185.99K	$160.92K	$255.19K
FJUL FT Cboe Vest U.S. Equity Buffer ETF - July	$4.22M	$3.10M	$2.24M

FJUL vs. CTIF - Yearly Performance Comparison

	2026 (YTD)	2025
FJUL FT Cboe Vest U.S. Equity Buffer ETF - July	7.54%	9.77%
CTIF Castellan Targeted Income ETF	9.32%	3.87%

Correlation

The correlation between FJUL and CTIF is 0.71, 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.	0.71
Correlation (All Time) Calculated using the full available price history since Jun 25, 2025	0.72

The correlation between FJUL and CTIF has been stable across timeframes, ranging from 0.71 to 0.72 - a consistent structural relationship.

Return for Risk

FJUL vs. CTIF — Risk / Return Rank

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

FJUL

FJUL Risk / Return Rank: 85
FJUL Sharpe Ratio Rank: 85
FJUL Sortino Ratio Rank: 86
FJUL Omega Ratio Rank: 89
FJUL Calmar Ratio Rank: 76
FJUL Martin Ratio Rank: 90

CTIF

CTIF Risk / Return Rank: 35
CTIF Sharpe Ratio Rank: 35
CTIF Sortino Ratio Rank: 34
CTIF Omega Ratio Rank: 32
CTIF Calmar Ratio Rank: 34
CTIF Martin Ratio Rank: 40

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.

FJUL vs. CTIF - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for FT Cboe Vest U.S. Equity Buffer ETF - July (FJUL) and Castellan Targeted Income ETF (CTIF). 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.

	FJUL	CTIF	Difference
Sharpe ratio: Return per unit of total volatility	2.01	0.86	+1.15
Sortino ratio: Return per unit of downside risk	2.89	1.29	+1.60
Omega ratio: Gain probability vs. loss probability	1.40	1.15	+0.25
Calmar ratio: Return relative to maximum drawdown	2.71	1.17	+1.54
Martin ratio: Return relative to average drawdown	14.19	4.27	+9.92

FJUL vs. CTIF - Sharpe Ratio Comparison

The current FJUL Sharpe Ratio is 2.01, which is higher than the CTIF Sharpe Ratio of 0.86. The chart below compares the historical Sharpe Ratios of FJUL and CTIF, 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

FJUL vs. CTIF - Drawdown Comparison

The maximum FJUL drawdown since its inception was -13.08%, which is greater than CTIF's maximum drawdown of -9.43%. Use the drawdown chart below to compare losses from any high point for FJUL and CTIF.

Drawdown Indicators

	FJUL	CTIF	Difference
Max Drawdown Largest peak-to-trough decline	-13.08%	-9.43%	-3.65%
Max Drawdown (1Y) Largest decline over 1 year	-5.10%	-9.43%	+4.33%
Max Drawdown (3Y) Largest decline over 3 years	-13.08%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-13.08%	—	—
Current Drawdown Current decline from peak	0.00%	-0.25%	+0.25%
Average Drawdown Average peak-to-trough decline	-1.83%	-1.76%	-0.07%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.97%	2.59%	-1.62%

Volatility

FJUL vs. CTIF - Volatility Comparison

The current volatility for FT Cboe Vest U.S. Equity Buffer ETF - July (FJUL) is 1.92%, while Castellan Targeted Income ETF (CTIF) has a volatility of 3.85%. This indicates that FJUL experiences smaller price fluctuations and is considered to be less risky than CTIF based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FJUL	CTIF	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.92%	3.85%	-1.93%
Volatility (6M) Calculated over the trailing 6-month period	5.26%	9.76%	-4.50%
Volatility (1Y) Calculated over the trailing 1-year period	6.87%	12.83%	-5.96%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	10.97%	12.61%	-1.64%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	10.47%	12.61%	-2.14%

FJUL vs. CTIF - Expense Ratio Comparison

FJUL has a 0.85% expense ratio, which is higher than CTIF's 0.45% expense ratio.

Dividends

FJUL vs. CTIF - Dividend Comparison

FJUL has not paid dividends to shareholders, while CTIF's dividend yield for the trailing twelve months is around 4.75%.

Position	TTM	2025
CTIF Castellan Targeted Income ETF	4.75%	2.55%
FJUL FT Cboe Vest U.S. Equity Buffer ETF - July	0.00%	0.00%

Frequently Asked Questions

Can I hold both FJUL and CTIF in my portfolio?

FJUL and CTIF have a correlation of 0.71, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, FJUL or CTIF?

CTIF has higher volatility (3.85%) compared to FJUL (1.92%). In terms of maximum drawdown, FJUL dropped -13.08% vs CTIF's -9.43%.

Which ETF is better, FJUL or CTIF?

On 1-year performance, FJUL leads with 14.82% vs 13.36% for CTIF. On fees, CTIF is cheaper at 0.45% per year. On volatility, FJUL has been the lower-risk option at 1.92%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, FJUL or CTIF?

Over the 1-year period, FJUL has performed better with a 14.82% return vs 13.36%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, FJUL or CTIF?

CTIF is cheaper with a 0.45% expense ratio, compared with 0.85% for FJUL.

Which ETF pays a higher dividend yield, FJUL or CTIF?

CTIF has the higher dividend yield at 4.75%, compared with 0.00% for FJUL.

What is the main difference between FJUL and CTIF?

FJUL is categorized as Options Trading, while CTIF is Derivative Income. They also come from different issuers: FT Vest and Castellan. Their fees differ too: 0.85% for FJUL and 0.45% for CTIF.

Which has better risk-adjusted returns?

FJUL currently has the higher Sharpe Ratio (2.01 vs 0.86), 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.