GFEB vs. GJUL

Last updated Jun 4, 2026

GFEB (FT Cboe Vest U.S. Equity Moderate Buffer ETF - February) and GJUL (FT Cboe Vest U.S. Equity Moderate Buffer ETF - July) are both Options Trading funds from FT Vest. GFEB is passively managed, while GJUL is actively managed. Over the past year, GFEB returned 15.17% vs 15.22% for GJUL. Their correlation of 0.89 suggests significant overlap in exposure. Both charge a 0.85% expense ratio.

Performance

GFEB vs. GJUL - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in FT Cboe Vest U.S. Equity Moderate Buffer ETF - February (GFEB) and FT Cboe Vest U.S. Equity Moderate Buffer ETF - July (GJUL). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, GFEB achieves a 5.83% return, which is significantly higher than GJUL's 4.70% return.

GFEB

• 1D: -0.21%
• 1M: 1.89%
• YTD: 5.83%
• 6M: 6.55%
• 1Y: 15.17%
• 3Y*: 13.04%
• 5Y*: —
• 10Y*: —

GJUL

• 1D: -0.03%
• 1M: 1.47%
• YTD: 4.70%
• 6M: 5.27%
• 1Y: 15.22%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

GFEB vs. GJUL - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
GFEB FT Cboe Vest U.S. Equity Moderate Buffer ETF - February	5.83%	11.19%	13.06%	4.94%
GJUL FT Cboe Vest U.S. Equity Moderate Buffer ETF - July	4.70%	12.72%	14.29%	3.87%

Correlation

The correlation between GFEB and GJUL is 0.92, 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	0.92
Correlation (All Time) Calculated using the full available price history since Jul 25, 2023	0.89

The correlation between GFEB and GJUL has been stable across timeframes, ranging from 0.89 to 0.92 - a consistent structural relationship.

GFEB vs. GJUL - Sectors Allocation Comparison

Sectors	GFEB	GJUL
Technology	36.2%	36.2%
Financial Services	11.9%	11.9%
Communication Services	10.9%	10.9%
Consumer Cyclical	10.1%	10.1%
Healthcare	8.4%	8.4%
Industrials	8.1%	8.1%
Consumer Defensive	4.9%	4.9%
Energy	3.5%	3.5%
Utilities	2.3%	2.3%
Real Estate	1.9%	1.9%
Basic Materials	1.8%	1.8%

Return for Risk

GFEB vs. GJUL — Risk / Return Rank

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

GFEB

GFEB Risk / Return Rank: 84
GFEB Sharpe Ratio Rank: 85
GFEB Sortino Ratio Rank: 89
GFEB Omega Ratio Rank: 89
GFEB Calmar Ratio Rank: 70
GFEB Martin Ratio Rank: 86

GJUL

GJUL Risk / Return Rank: 86
GJUL Sharpe Ratio Rank: 84
GJUL Sortino Ratio Rank: 89
GJUL Omega Ratio Rank: 90
GJUL Calmar Ratio Rank: 79
GJUL Martin Ratio Rank: 91

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.

GFEB vs. GJUL - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for FT Cboe Vest U.S. Equity Moderate Buffer ETF - February (GFEB) and FT Cboe Vest U.S. Equity Moderate Buffer ETF - July (GJUL). 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.

	GFEB	GJUL	Difference
Sharpe ratio: Return per unit of total volatility	2.77	2.73	+0.04
Sortino ratio: Return per unit of downside risk	4.09	4.07	+0.03
Omega ratio: Gain probability vs. loss probability	1.56	1.58	-0.01
Calmar ratio: Return relative to maximum drawdown	3.41	4.02	-0.60
Martin ratio: Return relative to average drawdown	18.40	21.57	-3.17
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

GFEB vs. GJUL - Sharpe Ratio Comparison

The current GFEB Sharpe Ratio is 2.77, which is comparable to the GJUL Sharpe Ratio of 2.73. The chart below compares the historical Sharpe Ratios of GFEB and GJUL, 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

	GFEB	GJUL	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.77	2.73	+0.04
Sharpe Ratio (All Time) Calculated using the full available price history	1.79	1.58	+0.21

Drawdowns

GFEB vs. GJUL - Drawdown Comparison

The maximum GFEB drawdown since its inception was -9.63%, smaller than the maximum GJUL drawdown of -10.68%. Use the drawdown chart below to compare losses from any high point for GFEB and GJUL.

Drawdown Indicators

	GFEB	GJUL	Difference
Max Drawdown Largest peak-to-trough decline	-9.63%	-10.68%	+1.05%
Max Drawdown (1Y) Largest decline over 1 year	-4.46%	-3.81%	-0.65%
Max Drawdown (3Y) Largest decline over 3 years	-9.63%	—	—
Current Drawdown Current decline from peak	-0.21%	-0.03%	-0.18%
Average Drawdown Average peak-to-trough decline	-0.69%	-0.89%	+0.20%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.83%	0.71%	+0.12%

Volatility

GFEB vs. GJUL - Volatility Comparison

FT Cboe Vest U.S. Equity Moderate Buffer ETF - February (GFEB) has a higher volatility of 0.91% compared to FT Cboe Vest U.S. Equity Moderate Buffer ETF - July (GJUL) at 0.47%. This indicates that GFEB's price experiences larger fluctuations and is considered to be riskier than GJUL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	GFEB	GJUL	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.91%	0.47%	+0.44%
Volatility (6M) Calculated over the trailing 6-month period	4.21%	4.07%	+0.14%
Volatility (1Y) Calculated over the trailing 1-year period	5.51%	5.62%	-0.11%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	7.57%	7.96%	-0.39%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	7.57%	7.96%	-0.39%

GFEB vs. GJUL - Expense Ratio Comparison

Both GFEB and GJUL have an expense ratio of 0.85%.

Dividends

GFEB vs. GJUL - Dividend Comparison

Neither GFEB nor GJUL has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both GFEB and GJUL in my portfolio?

With a correlation of 0.92, GFEB and GJUL move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which is riskier, GFEB or GJUL?

GFEB has higher volatility (0.91%) compared to GJUL (0.47%). In terms of maximum drawdown, GFEB dropped -9.63% vs GJUL's -10.68%.

Which ETF is better, GFEB or GJUL?

On 1-year performance, GJUL leads with 15.22% vs 15.17% for GFEB. Both ETFs have the same 0.85% expense ratio. On volatility, GJUL has been the lower-risk option at 0.47%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, GFEB or GJUL?

Over the 1-year period, GJUL has performed better with a 15.22% return vs 15.17%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, GFEB or GJUL?

GFEB and GJUL have the same expense ratio: 0.85% per year.

Which ETF pays a higher dividend yield, GFEB or GJUL?

GFEB and GJUL have nearly identical dividend yields, around 0.00%.

Which has better risk-adjusted returns?

GFEB currently has the higher Sharpe Ratio (2.77 vs 2.73), 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.