FJUL vs. IVVB

Last updated Jun 4, 2026

FJUL (FT Cboe Vest U.S. Equity Buffer ETF - July) and IVVB (iShares Large Cap Deep Buffer ETF) are both Options Trading funds. FJUL is passively managed, while IVVB is actively managed. Over the past year, FJUL returned 18.36% vs 14.57% for IVVB. Their correlation of 0.91 suggests significant overlap in exposure. FJUL charges 0.85%/yr vs 0.50%/yr for IVVB.

Performance

FJUL vs. IVVB - 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 iShares Large Cap Deep Buffer ETF (IVVB). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, FJUL achieves a 5.82% return, which is significantly higher than IVVB's 4.57% return.

FJUL

• 1D: -0.07%
• 1M: 1.96%
• YTD: 5.82%
• 6M: 6.59%
• 1Y: 18.36%
• 3Y*: 16.40%
• 5Y*: 11.40%
• 10Y*: —

IVVB

• 1D: -0.14%
• 1M: 1.91%
• YTD: 4.57%
• 6M: 4.37%
• 1Y: 14.57%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

FJUL vs. IVVB - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
FJUL FT Cboe Vest U.S. Equity Buffer ETF - July	5.82%	14.19%	17.65%	6.72%
IVVB iShares Large Cap Deep Buffer ETF	4.57%	9.60%	18.66%	2.60%

Correlation

The correlation between FJUL and IVVB is 0.88, 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	0.88
Correlation (All Time) Calculated using the full available price history since Jul 3, 2023	0.91

The correlation between FJUL and IVVB has been stable across timeframes, ranging from 0.88 to 0.91 - a consistent structural relationship.

FJUL vs. IVVB - Sectors Allocation Comparison

Sectors	FJUL	IVVB
Technology	36.2%	35.6%
Financial Services	11.9%	11.8%
Communication Services	10.9%	11.2%
Consumer Cyclical	10.1%	10.1%
Healthcare	8.4%	8.5%
Industrials	8.1%	8.3%
Consumer Defensive	4.9%	4.9%
Energy	3.5%	3.5%
Utilities	2.3%	2.4%
Real Estate	1.9%	1.9%
Basic Materials	1.8%	1.8%

Return for Risk

FJUL vs. IVVB — Risk / Return Rank

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

FJUL

FJUL Risk / Return Rank: 82
FJUL Sharpe Ratio Rank: 80
FJUL Sortino Ratio Rank: 84
FJUL Omega Ratio Rank: 86
FJUL Calmar Ratio Rank: 73
FJUL Martin Ratio Rank: 88

IVVB

IVVB Risk / Return Rank: 58
IVVB Sharpe Ratio Rank: 59
IVVB Sortino Ratio Rank: 59
IVVB Omega Ratio Rank: 63
IVVB Calmar Ratio Rank: 51
IVVB Martin Ratio Rank: 61

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.

FJUL vs. IVVB - 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 iShares Large Cap Deep Buffer ETF (IVVB). 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.

	FJUL	IVVB	Difference
Sharpe ratio: Return per unit of total volatility	2.60	2.02	+0.59
Sortino ratio: Return per unit of downside risk	3.78	2.82	+0.97
Omega ratio: Gain probability vs. loss probability	1.52	1.39	+0.13
Calmar ratio: Return relative to maximum drawdown	3.62	2.55	+1.07
Martin ratio: Return relative to average drawdown	18.97	10.94	+8.03
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

FJUL vs. IVVB - Sharpe Ratio Comparison

The current FJUL Sharpe Ratio is 2.60, which is comparable to the IVVB Sharpe Ratio of 2.02. The chart below compares the historical Sharpe Ratios of FJUL and IVVB, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	FJUL	IVVB	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.60	2.02	+0.59
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	1.05	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.13	1.31	-0.17

Drawdowns

FJUL vs. IVVB - Drawdown Comparison

The maximum FJUL drawdown since its inception was -13.08%, roughly equal to the maximum IVVB drawdown of -13.08%. Use the drawdown chart below to compare losses from any high point for FJUL and IVVB.

Drawdown Indicators

	FJUL	IVVB	Difference
Max Drawdown Largest peak-to-trough decline	-13.08%	-13.08%	0.00%
Max Drawdown (1Y) Largest decline over 1 year	-5.10%	-5.75%	+0.65%
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	-0.08%	-0.15%	+0.07%
Average Drawdown Average peak-to-trough decline	-1.87%	-1.61%	-0.26%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.97%	1.34%	-0.37%

Volatility

FJUL vs. IVVB - Volatility Comparison

FT Cboe Vest U.S. Equity Buffer ETF - July (FJUL) and iShares Large Cap Deep Buffer ETF (IVVB) have volatilities of 0.75% and 0.74%, 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.

Volatility by Period

	FJUL	IVVB	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.75%	0.74%	+0.01%
Volatility (6M) Calculated over the trailing 6-month period	5.12%	5.49%	-0.37%
Volatility (1Y) Calculated over the trailing 1-year period	7.10%	7.27%	-0.17%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	10.95%	9.28%	+1.67%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	10.57%	9.28%	+1.29%

FJUL vs. IVVB - Expense Ratio Comparison

FJUL has a 0.85% expense ratio, which is higher than IVVB's 0.50% expense ratio.

Dividends

FJUL vs. IVVB - Dividend Comparison

FJUL has not paid dividends to shareholders, while IVVB's dividend yield for the trailing twelve months is around 1.17%.

Position	TTM	2025	2024
FJUL FT Cboe Vest U.S. Equity Buffer ETF - July	0.00%	0.00%	0.00%
IVVB iShares Large Cap Deep Buffer ETF	1.17%	1.22%	0.87%

Frequently Asked Questions

Can I hold both FJUL and IVVB in my portfolio?

FJUL and IVVB have a correlation of 0.88, 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 IVVB?

FJUL has higher volatility (0.75%) compared to IVVB (0.74%). In terms of maximum drawdown, FJUL dropped -13.08% vs IVVB's -13.08%.

Which ETF is better, FJUL or IVVB?

On 1-year performance, FJUL leads with 18.36% vs 14.57% for IVVB. On fees, IVVB is cheaper at 0.50% per year. Their volatility is very similar. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, FJUL or IVVB?

Over the 1-year period, FJUL has performed better with a 18.36% return vs 14.57%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, FJUL or IVVB?

IVVB is cheaper with a 0.50% expense ratio, compared with 0.85% for FJUL.

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

IVVB has the higher dividend yield at 1.17%, compared with 0.00% for FJUL.

What is the main difference between FJUL and IVVB?

They also come from different issuers: FT Vest and iShares. Their fees differ too: 0.85% for FJUL and 0.50% for IVVB.

Which has better risk-adjusted returns?

FJUL currently has the higher Sharpe Ratio (2.60 vs 2.02), 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.