FJUN vs. CVSE

Last updated Jun 4, 2026

FJUN (FT Cboe Vest U.S. Equity Buffer ETF - June) and CVSE (Calvert US Select Equity ETF) are both Large Cap Blend Equities funds. FJUN is passively managed, while CVSE is actively managed. Over the past 3 years, FJUN returned 14.38%/yr vs 13.34%/yr for CVSE. Their correlation of 0.86 suggests significant overlap in exposure. FJUN charges 0.85%/yr vs 0.29%/yr for CVSE.

Performance

FJUN vs. CVSE - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in FT Cboe Vest U.S. Equity Buffer ETF - June (FJUN) and Calvert US Select Equity ETF (CVSE). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

FJUN

• 1D: -0.18%
• 1M: 1.03%
• YTD: 4.64%
• 6M: 5.30%
• 1Y: 13.82%
• 3Y*: 14.38%
• 5Y*: 11.05%
• 10Y*: —

CVSE

• 1D: 0.00%
• 1M: 0.00%
• YTD: 0.00%
• 6M: 0.00%
• 1Y: 8.06%
• 3Y*: 13.34%
• 5Y*: —
• 10Y*: —

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

FJUN vs. CVSE - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
FJUN FT Cboe Vest U.S. Equity Buffer ETF - June	4.64%	11.05%	16.38%	15.72%
CVSE Calvert US Select Equity ETF	0.00%	10.14%	19.11%	13.35%

Correlation

The correlation between FJUN and CVSE is 0.45, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.45
Correlation (3Y) Calculated over the trailing 3-year period	0.84
Correlation (All Time) Calculated using the full available price history since Feb 2, 2023	0.86

Over the past year, the correlation between FJUN and CVSE has dropped to 0.45 - well below their long-term average of 0.86, suggesting their price drivers have been diverging.

FJUN vs. CVSE - Sectors Allocation Comparison

Sectors	FJUN	CVSE
Technology	36.2%	39.5%
Financial Services	11.9%	16.3%
Communication Services	10.9%	5.1%
Consumer Cyclical	10.1%	7.0%
Healthcare	8.4%	10.3%
Industrials	8.1%	11.3%
Consumer Defensive	4.9%	1.7%
Energy	3.5%	-
Utilities	2.3%	2.5%
Real Estate	1.9%	3.5%
Basic Materials	1.8%	2.7%

Return for Risk

FJUN vs. CVSE — Risk / Return Rank

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

FJUN

FJUN Risk / Return Rank: 77
FJUN Sharpe Ratio Rank: 70
FJUN Sortino Ratio Rank: 77
FJUN Omega Ratio Rank: 81
FJUN Calmar Ratio Rank: 68
FJUN Martin Ratio Rank: 88

CVSE

CVSE Risk / Return Rank: 46
CVSE Sharpe Ratio Rank: 36
CVSE Sortino Ratio Rank: 37
CVSE Omega Ratio Rank: 67
CVSE Calmar Ratio Rank: 54
CVSE Martin Ratio Rank: 37

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.

FJUN vs. CVSE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for FT Cboe Vest U.S. Equity Buffer ETF - June (FJUN) and Calvert US Select Equity ETF (CVSE). 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.

	FJUN	CVSE	Difference
Sharpe ratio: Return per unit of total volatility	2.28	1.28	+1.01
Sortino ratio: Return per unit of downside risk	3.44	1.90	+1.54
Omega ratio: Gain probability vs. loss probability	1.49	1.40	+0.09
Calmar ratio: Return relative to maximum drawdown	3.36	2.66	+0.70
Martin ratio: Return relative to average drawdown	18.98	5.71	+13.27
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

FJUN vs. CVSE - Sharpe Ratio Comparison

The current FJUN Sharpe Ratio is 2.28, which is higher than the CVSE Sharpe Ratio of 1.28. The chart below compares the historical Sharpe Ratios of FJUN and CVSE, 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

	FJUN	CVSE	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.28	1.28	+1.01
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	1.05	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.17	0.92	+0.25

Drawdowns

FJUN vs. CVSE - Drawdown Comparison

The maximum FJUN drawdown since its inception was -13.26%, smaller than the maximum CVSE drawdown of -20.29%. Use the drawdown chart below to compare losses from any high point for FJUN and CVSE.

Drawdown Indicators

	FJUN	CVSE	Difference
Max Drawdown Largest peak-to-trough decline	-13.26%	-20.29%	+7.03%
Max Drawdown (1Y) Largest decline over 1 year	-4.13%	-3.08%	-1.05%
Max Drawdown (3Y) Largest decline over 3 years	-13.26%	-20.29%	+7.03%
Max Drawdown (5Y) Largest decline over 5 years	-13.26%	—	—
Current Drawdown Current decline from peak	-0.18%	-1.68%	+1.50%
Average Drawdown Average peak-to-trough decline	-1.67%	-2.69%	+1.02%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.73%	1.42%	-0.69%

Volatility

FJUN vs. CVSE - Volatility Comparison

FT Cboe Vest U.S. Equity Buffer ETF - June (FJUN) has a higher volatility of 0.41% compared to Calvert US Select Equity ETF (CVSE) at 0.00%. This indicates that FJUN's price experiences larger fluctuations and is considered to be riskier than CVSE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FJUN	CVSE	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.41%	0.00%	+0.41%
Volatility (6M) Calculated over the trailing 6-month period	4.35%	0.00%	+4.35%
Volatility (1Y) Calculated over the trailing 1-year period	6.11%	6.49%	-0.38%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	10.55%	13.87%	-3.32%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	10.27%	13.87%	-3.60%

FJUN vs. CVSE - Expense Ratio Comparison

FJUN has a 0.85% expense ratio, which is higher than CVSE's 0.29% expense ratio.

Dividends

FJUN vs. CVSE - Dividend Comparison

FJUN has not paid dividends to shareholders, while CVSE's dividend yield for the trailing twelve months is around 0.59%.

Position	TTM	2025	2024	2023
CVSE Calvert US Select Equity ETF	0.59%	0.81%	1.05%	1.22%
FJUN FT Cboe Vest U.S. Equity Buffer ETF - June	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both FJUN and CVSE in my portfolio?

FJUN and CVSE have a correlation of 0.45, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, FJUN or CVSE?

FJUN has higher volatility (0.41%) compared to CVSE (0.00%). In terms of maximum drawdown, FJUN dropped -13.26% vs CVSE's -20.29%.

Which ETF is better, FJUN or CVSE?

On 3-year performance, FJUN leads with 14.38% vs 13.34% for CVSE. On fees, CVSE is cheaper at 0.29% per year. On volatility, CVSE has been the lower-risk option at 0.00%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, FJUN or CVSE?

Over the 3-year period, FJUN has performed better with a 14.38% return vs 13.34%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, FJUN or CVSE?

CVSE is cheaper with a 0.29% expense ratio, compared with 0.85% for FJUN.

Which ETF pays a higher dividend yield, FJUN or CVSE?

CVSE has the higher dividend yield at 0.59%, compared with 0.00% for FJUN.

What is the main difference between FJUN and CVSE?

They also come from different issuers: First Trust and Calvert. Their fees differ too: 0.85% for FJUN and 0.29% for CVSE.

Which has better risk-adjusted returns?

FJUN currently has the higher Sharpe Ratio (2.28 vs 1.28), 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.