FMCX vs. DJUN
FMCX (FMC Excelsior Focus Equity ETF) and DJUN (FT Cboe Vest U.S. Equity Deep Buffer ETF - June) are both exchange-traded funds - FMCX is a Large Cap Blend Equities fund actively managed by First Manhattan, while DJUN is a Defined Outcome fund tracking the Cboe S&P 500 30% (-5% to -35%) Buffer Protect June Series Index. FMCX is actively managed, while DJUN is passively managed. Over the past 3 years, FMCX returned 13.63%/yr vs 10.46%/yr for DJUN. Their correlation of 0.86 means they have usually moved in the same direction. FMCX charges 0.70%/yr vs 0.85%/yr for DJUN.
Performance
FMCX vs. DJUN - Performance Comparison
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Returns By Period
In the year-to-date period, FMCX achieves a 5.31% return, which is significantly higher than DJUN's 4.39% return.
FMCX
- 1D
- 1.75%
- 1M
- -2.27%
- 6M
- 4.73%
- YTD
- 5.31%
- 1Y
- 8.77%
- 3Y*
- 13.63%
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 10.19%
DJUN
- 1D
- 0.42%
- 1M
- 0.36%
- 6M
- 3.79%
- YTD
- 4.39%
- 1Y
- 9.38%
- 3Y*
- 10.46%
- 5Y*
- 7.98%
- 10Y*
- —
- ALL TIME*
- 8.29%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $1.26M | $1.81M | $2.13M | |
| $7.95K | $4.71K | $31.84K |
FMCX vs. DJUN - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
FMCX FMC Excelsior Focus Equity ETF | 5.31% | 11.31% | 19.10% | 21.94% | -11.16% |
DJUN FT Cboe Vest U.S. Equity Deep Buffer ETF - June | 4.39% | 9.38% | 13.92% | 17.58% | -4.09% |
Correlation
The correlation between FMCX and DJUN is 0.81, meaning they have usually moved in the same direction, including during past declines.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.81 |
Correlation (3Y) Balances recent behavior with more history. | 0.83 |
Correlation (All Time) Calculated using the full available price history since Apr 25, 2022 | 0.86 |
The correlation between FMCX and DJUN has been stable across timeframes, ranging from 0.81 to 0.86 - a consistent structural relationship.
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Return for Risk
FMCX vs. DJUN — Risk / Return Rank
FMCX
DJUN
FMCX vs. DJUN - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for FMC Excelsior Focus Equity ETF (FMCX) and FT Cboe Vest U.S. Equity Deep Buffer ETF - June (DJUN). 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.
| FMCX | DJUN | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.33 | ||
| Sortino ratioReturn per unit of downside risk | -1.95 | ||
| Omega ratioGain probability vs. loss probability | 1.10 | 1.41 | -0.31 |
| Calmar ratioReturn relative to maximum drawdown | 0.61 | 2.84 | -2.22 |
| Martin ratioReturn relative to average drawdown | 2.04 | 16.29 | -14.25 |
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Drawdowns
FMCX vs. DJUN - Drawdown Comparison
The maximum FMCX drawdown since its inception was -17.70%, which is greater than DJUN's maximum drawdown of -11.96%. Use the drawdown chart below to compare losses from any high point for FMCX and DJUN.
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Drawdown Indicators
| FMCX | DJUN | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -17.70% | -11.96% | -5.74% |
Max Drawdown (1Y)Largest decline over 1 year | -12.59% | -3.15% | -9.44% |
Max Drawdown (3Y)Largest decline over 3 years | -17.70% | -11.96% | -5.74% |
Max Drawdown (5Y)Largest decline over 5 years | — | -11.96% | — |
Current DrawdownCurrent decline from peak | -2.80% | -0.35% | -2.45% |
Average DrawdownAverage peak-to-trough decline | -4.23% | -1.56% | -2.67% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.79% | 0.55% | +3.24% |
Volatility
FMCX vs. DJUN - Volatility Comparison
FMC Excelsior Focus Equity ETF (FMCX) has a higher volatility of 4.34% compared to FT Cboe Vest U.S. Equity Deep Buffer ETF - June (DJUN) at 1.72%. This indicates that FMCX's price experiences larger fluctuations and is considered to be riskier than DJUN based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FMCX | DJUN | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.34% | 1.72% | +2.62% |
Volatility (6M)Calculated over the trailing 6-month period | 11.29% | 3.94% | +7.35% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.87% | 4.74% | +9.13% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.19% | 8.54% | +7.65% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.19% | 7.99% | +8.20% |
FMCX vs. DJUN - Expense Ratio Comparison
FMCX has a 0.70% expense ratio, which is lower than DJUN's 0.85% expense ratio.
Dividends
FMCX vs. DJUN - Dividend Comparison
FMCX's dividend yield for the trailing twelve months is around 0.29%, while DJUN has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
DJUN FT Cboe Vest U.S. Equity Deep Buffer ETF - June | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
FMCX FMC Excelsior Focus Equity ETF | 0.29% | 0.35% | 2.12% | 1.34% | 1.19% |
Frequently Asked Questions
FMCX and DJUN have a correlation of 0.81, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FMCX has higher volatility (4.34%) compared to DJUN (1.72%). In terms of maximum drawdown, FMCX dropped -17.70% vs DJUN's -11.96%.
On 3-year performance, FMCX leads with 13.63% vs 10.46% for DJUN. On fees, FMCX is cheaper at 0.70% per year. On volatility, DJUN has been the lower-risk option at 1.72%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, FMCX has performed better with a 13.63% return vs 10.46%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
FMCX is cheaper with a 0.70% expense ratio, compared with 0.85% for DJUN.
FMCX has the higher dividend yield at 0.29%, compared with 0.00% for DJUN.
FMCX is categorized as Large Cap Blend Equities, while DJUN is Defined Outcome. They also come from different issuers: First Manhattan and First Trust. Their fees differ too: 0.70% for FMCX and 0.85% for DJUN.
DJUN currently has the higher Sharpe Ratio (1.89 vs 0.56), 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.
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