GJUL vs. APRT

Last updated Aug 2, 2026

GJUL (FT Cboe Vest U.S. Equity Moderate Buffer ETF - July) and APRT (AllianzIM U.S. Large Cap Buffer10 Apr ETF) are both Options Trading funds. Both are actively managed. Over the past 3 years, GJUL returned 12.33%/yr vs 13.06%/yr for APRT. Their correlation of 0.91 means they have usually moved in the same direction. GJUL charges 0.85%/yr vs 0.74%/yr for APRT.

Performance

GJUL vs. APRT - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in FT Cboe Vest U.S. Equity Moderate Buffer ETF - July (GJUL) and AllianzIM U.S. Large Cap Buffer10 Apr ETF (APRT). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, GJUL achieves a 6.12% return, which is significantly lower than APRT's 10.93% return.

GJUL

• 1D: 0.42%
• 1M: 0.76%
• 6M: 5.33%
• YTD: 6.12%
• 1Y: 12.09%
• 3Y*: 12.33%
• 5Y*: —
• 10Y*: —
• ALL TIME*: 12.38%

APRT

• 1D: 0.41%
• 1M: 0.74%
• 6M: 10.28%
• YTD: 10.93%
• 1Y: 16.78%
• 3Y*: 13.06%
• 5Y*: 10.39%
• 10Y*: —
• ALL TIME*: 11.27%

*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)
APRT AllianzIM U.S. Large Cap Buffer10 Apr ETF	$51.04K	$1.19M	$459.56K
GJUL FT Cboe Vest U.S. Equity Moderate Buffer ETF - July	$3.40M	$2.61M	$1.64M

GJUL vs. APRT - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
GJUL FT Cboe Vest U.S. Equity Moderate Buffer ETF - July	6.12%	12.72%	14.29%	4.05%
APRT AllianzIM U.S. Large Cap Buffer10 Apr ETF	10.93%	7.99%	15.15%	5.49%

Correlation

The correlation between GJUL and APRT is 0.87, 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.	0.87
Correlation (3Y) Balances recent behavior with more history.	0.91
Correlation (All Time) Calculated using the full available price history since Jul 24, 2023	0.91

The correlation between GJUL and APRT has been stable across timeframes, ranging from 0.87 to 0.91 - a consistent structural relationship.

Return for Risk

GJUL vs. APRT — Risk / Return Rank

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

GJUL

GJUL Risk / Return Rank: 89
GJUL Sharpe Ratio Rank: 88
GJUL Sortino Ratio Rank: 90
GJUL Omega Ratio Rank: 92
GJUL Calmar Ratio Rank: 82
GJUL Martin Ratio Rank: 92

APRT

APRT Risk / Return Rank: 97
APRT Sharpe Ratio Rank: 96
APRT Sortino Ratio Rank: 97
APRT Omega Ratio Rank: 97
APRT Calmar Ratio Rank: 98
APRT Martin Ratio Rank: 98

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.

GJUL vs. APRT - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for FT Cboe Vest U.S. Equity Moderate Buffer ETF - July (GJUL) and AllianzIM U.S. Large Cap Buffer10 Apr ETF (APRT). 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.

	GJUL	APRT	Difference
Sharpe ratio: Return per unit of total volatility	2.14	3.09	-0.94
Sortino ratio: Return per unit of downside risk	3.14	5.16	-2.03
Omega ratio: Gain probability vs. loss probability	1.45	1.72	-0.28
Calmar ratio: Return relative to maximum drawdown	3.02	10.18	-7.15
Martin ratio: Return relative to average drawdown	16.31	45.98	-29.66

GJUL vs. APRT - Sharpe Ratio Comparison

The current GJUL Sharpe Ratio is 2.14, which is lower than the APRT Sharpe Ratio of 3.09. The chart below compares the historical Sharpe Ratios of GJUL and APRT, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

GJUL vs. APRT - Drawdown Comparison

The maximum GJUL drawdown since its inception was -10.68%, smaller than the maximum APRT drawdown of -14.98%. Use the drawdown chart below to compare losses from any high point for GJUL and APRT.

Drawdown Indicators

	GJUL	APRT	Difference
Max Drawdown Largest peak-to-trough decline	-10.68%	-14.98%	+4.30%
Max Drawdown (1Y) Largest decline over 1 year	-3.81%	-1.59%	-2.22%
Max Drawdown (3Y) Largest decline over 3 years	-10.68%	-14.98%	+4.30%
Max Drawdown (5Y) Largest decline over 5 years	—	-14.98%	—
Current Drawdown Current decline from peak	0.00%	0.00%	0.00%
Average Drawdown Average peak-to-trough decline	-0.85%	-2.01%	+1.16%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.71%	0.35%	+0.36%

Volatility

GJUL vs. APRT - Volatility Comparison

FT Cboe Vest U.S. Equity Moderate Buffer ETF - July (GJUL) has a higher volatility of 1.61% compared to AllianzIM U.S. Large Cap Buffer10 Apr ETF (APRT) at 1.47%. This indicates that GJUL's price experiences larger fluctuations and is considered to be riskier than APRT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	GJUL	APRT	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.61%	1.47%	+0.14%
Volatility (6M) Calculated over the trailing 6-month period	4.16%	4.51%	-0.35%
Volatility (1Y) Calculated over the trailing 1-year period	5.38%	5.25%	+0.13%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	7.81%	10.78%	-2.97%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	7.81%	10.20%	-2.39%

GJUL vs. APRT - Expense Ratio Comparison

GJUL has a 0.85% expense ratio, which is higher than APRT's 0.74% expense ratio.

Dividends

GJUL vs. APRT - Dividend Comparison

Neither GJUL nor APRT has paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020
APRT AllianzIM U.S. Large Cap Buffer10 Apr ETF	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	4.67%
GJUL FT Cboe Vest U.S. Equity Moderate Buffer ETF - July	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both GJUL and APRT in my portfolio?

GJUL and APRT have a correlation of 0.87, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, GJUL or APRT?

GJUL has higher volatility (1.61%) compared to APRT (1.47%). In terms of maximum drawdown, GJUL dropped -10.68% vs APRT's -14.98%.

Which ETF is better, GJUL or APRT?

On 3-year performance, APRT leads with 13.06% vs 12.33% for GJUL. On fees, APRT is cheaper at 0.74% per year. On volatility, APRT has been the lower-risk option at 1.47%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, GJUL or APRT?

Over the 3-year period, APRT has performed better with a 13.06% return vs 12.33%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, GJUL or APRT?

APRT is cheaper with a 0.74% expense ratio, compared with 0.85% for GJUL.

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

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

What is the main difference between GJUL and APRT?

They also come from different issuers: FT Vest and Allianz. Their fees differ too: 0.85% for GJUL and 0.74% for APRT.

Which has better risk-adjusted returns?

APRT currently has the higher Sharpe Ratio (3.09 vs 2.14), 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.