FJUN vs. KAT

Last updated Aug 2, 2026

FJUN (FT Cboe Vest U.S. Equity Buffer ETF - June) and KAT (Scharf ETF) are both exchange-traded funds - FJUN is a Defined Outcome fund tracking the Cboe S&P 500 Buffer Protect Index June, while KAT is a Large Cap Blend Equities fund actively managed by Scharf Investments. FJUN is passively managed, while KAT is actively managed. Their 0.54 correlation means they have sometimes moved together and sometimes differently. FJUN charges 0.85%/yr vs 0.75%/yr for KAT.

Performance

FJUN vs. KAT - 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 Scharf ETF (KAT). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, FJUN achieves a 5.31% return, which is significantly higher than KAT's 3.63% return.

FJUN

• 1D: 0.44%
• 1M: 0.39%
• 6M: 4.52%
• YTD: 5.31%
• 1Y: 11.39%
• 3Y*: 12.37%
• 5Y*: 10.51%
• 10Y*: —
• ALL TIME*: 11.45%

KAT

• 1D: 1.14%
• 1M: 2.91%
• 6M: 2.43%
• YTD: 3.63%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: —

*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)
FJUN FT Cboe Vest U.S. Equity Buffer ETF - June	$1.32M	$1.99M	$4.44M
KAT Scharf ETF	$571.01K	$654.17K	$709.38K

FJUN vs. KAT - Yearly Performance Comparison

	2026 (YTD)	2025
FJUN FT Cboe Vest U.S. Equity Buffer ETF - June	5.31%	3.61%
KAT Scharf ETF	3.63%	0.85%

Correlation

The correlation between FJUN and KAT is 0.54, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.

	Correlation
Correlation (All Time) Calculated using the full available price history since Aug 25, 2025	0.54

FJUN vs. KAT - Sectors Allocation Comparison

Sectors	FJUN	KAT
Technology	37.9%	13.2%
Financial Services	11.7%	27.0%
Communication Services	10.0%	6.1%
Consumer Cyclical	9.6%	4.7%
Healthcare	9.1%	23.1%
Industrials	8.4%	15.1%
Consumer Defensive	4.6%	2.1%
Energy	3.0%	5.7%
Utilities	2.3%	-
Real Estate	1.9%	-
Basic Materials	1.7%	3.0%

Return for Risk

FJUN vs. KAT — Risk / Return Rank

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

FJUN

FJUN Risk / Return Rank: 81
FJUN Sharpe Ratio Rank: 77
FJUN Sortino Ratio Rank: 81
FJUN Omega Ratio Rank: 84
FJUN Calmar Ratio Rank: 74
FJUN Martin Ratio Rank: 89

KAT

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

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.

FJUN vs. KAT - 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 Scharf ETF (KAT). 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.

	FJUN	KAT	Difference
Sharpe ratio: Return per unit of total volatility	1.76	—	—
Sortino ratio: Return per unit of downside risk	2.65	—	—
Omega ratio: Gain probability vs. loss probability	1.36	—	—
Calmar ratio: Return relative to maximum drawdown	2.58	—	—
Martin ratio: Return relative to average drawdown	13.98	—	—

Drawdowns

FJUN vs. KAT - Drawdown Comparison

The maximum FJUN drawdown since its inception was -13.26%, which is greater than KAT's maximum drawdown of -9.25%. Use the drawdown chart below to compare losses from any high point for FJUN and KAT.

Drawdown Indicators

	FJUN	KAT	Difference
Max Drawdown Largest peak-to-trough decline	-13.26%	-9.25%	-4.01%
Max Drawdown (1Y) Largest decline over 1 year	-4.13%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-13.26%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-13.26%	—	—
Current Drawdown Current decline from peak	-0.53%	-1.89%	+1.36%
Average Drawdown Average peak-to-trough decline	-1.65%	-3.46%	+1.81%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.76%	—	—

Volatility

Volatility by Period

	FJUN	KAT	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.37%	—	—
Volatility (6M) Calculated over the trailing 6-month period	5.01%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	6.07%	10.48%	-4.41%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	10.58%	10.48%	+0.10%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	10.21%	10.48%	-0.27%

FJUN vs. KAT - Expense Ratio Comparison

FJUN has a 0.85% expense ratio, which is higher than KAT's 0.75% expense ratio.

Dividends

FJUN vs. KAT - Dividend Comparison

FJUN has not paid dividends to shareholders, while KAT's dividend yield for the trailing twelve months is around 0.08%.

Position	TTM
FJUN FT Cboe Vest U.S. Equity Buffer ETF - June	0.00%
KAT Scharf ETF	0.08%

Frequently Asked Questions

Can I hold both FJUN and KAT in my portfolio?

FJUN and KAT have a correlation of 0.54, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, FJUN or KAT?

On fees, KAT is cheaper at 0.75% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, FJUN or KAT?

KAT is cheaper with a 0.75% expense ratio, compared with 0.85% for FJUN.

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

KAT has the higher dividend yield at 0.08%, compared with 0.00% for FJUN.

What is the main difference between FJUN and KAT?

FJUN is categorized as Defined Outcome, while KAT is Large Cap Blend Equities. They also come from different issuers: First Trust and Scharf Investments. Their fees differ too: 0.85% for FJUN and 0.75% for KAT.