FJUL vs. IVVM

Last updated Apr 1, 2026

Compare and contrast key facts about FT Cboe Vest U.S. Equity Buffer ETF - July (FJUL) and iShares Large Cap Moderate Buffer ETF (IVVM).

FJUL and IVVM are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. FJUL is a passively managed fund by FT Vest that tracks the performance of the Cboe S&P 500 Buffer Protect Index July. It was launched on Jul 16, 2020. IVVM is an actively managed fund by iShares. It was launched on Jun 28, 2023.

Performance

FJUL vs. IVVM - 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 Moderate Buffer ETF (IVVM). The values are adjusted to include any dividend payments, if applicable.

FJUL vs. IVVM - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
FJUL FT Cboe Vest U.S. Equity Buffer ETF - July	-2.14%	14.19%	17.65%	6.72%
IVVM iShares Large Cap Moderate Buffer ETF	-1.95%	14.24%	16.08%	5.17%

Returns By Period

In the year-to-date period, FJUL achieves a -2.14% return, which is significantly lower than IVVM's -1.95% return.

FJUL

• 1D: 1.89%
• 1M: -2.84%
• YTD: -2.14%
• 6M: -0.02%
• 1Y: 14.88%
• 3Y*: 14.80%
• 5Y*: 9.93%
• 10Y*: —

IVVM

• 1D: 2.22%
• 1M: -2.21%
• YTD: -1.95%
• 6M: 0.42%
• 1Y: 12.36%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

FJUL vs. IVVM - Expense Ratio Comparison

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

FJUL

FT Cboe Vest U.S. Equity Buffer ETF - July

IVVM

iShares Large Cap Moderate Buffer ETF

Return for Risk

FJUL vs. IVVM — Risk / Return Rank

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

FJUL

FJUL Risk / Return Rank: 74
FJUL Sharpe Ratio Rank: 68
FJUL Sortino Ratio Rank: 72
FJUL Omega Ratio Rank: 77
FJUL Calmar Ratio Rank: 68
FJUL Martin Ratio Rank: 83

IVVM

IVVM Risk / Return Rank: 64
IVVM Sharpe Ratio Rank: 56
IVVM Sortino Ratio Rank: 59
IVVM Omega Ratio Rank: 72
IVVM Calmar Ratio Rank: 56
IVVM Martin Ratio Rank: 77

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. IVVM - 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 Moderate Buffer ETF (IVVM). 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	IVVM	Difference
Sharpe ratio Return per unit of total volatility	1.24	0.96	+0.27
Sortino ratio Return per unit of downside risk	1.84	1.48	+0.36
Omega ratio Gain probability vs. loss probability	1.30	1.26	+0.04
Calmar ratio Return relative to maximum drawdown	1.77	1.38	+0.39
Martin ratio Return relative to average drawdown	9.65	7.89	+1.76
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. IVVM - Sharpe Ratio Comparison

The current FJUL Sharpe Ratio is 1.24, which is comparable to the IVVM Sharpe Ratio of 0.96. The chart below compares the historical Sharpe Ratios of FJUL and IVVM, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	FJUL	IVVM	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.24	0.96	+0.27
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.92	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.02	1.24	-0.22

Correlation

The correlation between FJUL and IVVM is 0.91, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.

Dividends

FJUL vs. IVVM - Dividend Comparison

FJUL has not paid dividends to shareholders, while IVVM's dividend yield for the trailing twelve months is around 0.70%.

	TTM	2025	2024
FJUL FT Cboe Vest U.S. Equity Buffer ETF - July	0.00%	0.00%	0.00%
IVVM iShares Large Cap Moderate Buffer ETF	0.70%	0.68%	0.62%

Drawdowns

FJUL vs. IVVM - Drawdown Comparison

The maximum FJUL drawdown since its inception was -13.08%, which is greater than IVVM's maximum drawdown of -11.62%. Use the drawdown chart below to compare losses from any high point for FJUL and IVVM.

Drawdown Indicators

	FJUL	IVVM	Difference
Max Drawdown Largest peak-to-trough decline	-13.08%	-11.62%	-1.46%
Max Drawdown (1Y) Largest decline over 1 year	-8.62%	-9.29%	+0.67%
Max Drawdown (5Y) Largest decline over 5 years	-13.08%	—	—
Current Drawdown Current decline from peak	-3.30%	-3.21%	-0.09%
Average Drawdown Average peak-to-trough decline	-1.92%	-0.96%	-0.96%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.58%	1.63%	-0.05%

Volatility

FJUL vs. IVVM - Volatility Comparison

FT Cboe Vest U.S. Equity Buffer ETF - July (FJUL) and iShares Large Cap Moderate Buffer ETF (IVVM) have volatilities of 3.60% and 3.76%, 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	IVVM	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.60%	3.76%	-0.16%
Volatility (6M) Calculated over the trailing 6-month period	5.53%	6.03%	-0.50%
Volatility (1Y) Calculated over the trailing 1-year period	12.08%	12.91%	-0.83%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	10.91%	9.83%	+1.08%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	10.68%	9.83%	+0.85%