GJUN vs. USMV
GJUN (FT Cboe Vest U.S. Equity Moderate Buffer ETF - June) and USMV (iShares MSCI USA Min Vol Factor ETF) are both exchange-traded funds - GJUN is a Options Trading fund actively managed by FT Vest, while USMV is a Large Cap Blend Equities fund tracking the MSCI USA Minimum Volatility Index. GJUN is actively managed, while USMV is passively managed. Over the past 3 years, GJUN returned 11.15%/yr vs 10.93%/yr for USMV. A 0.62 correlation means they provide meaningful diversification when combined. GJUN charges 0.85%/yr vs 0.15%/yr for USMV.
Performance
GJUN vs. USMV - Performance Comparison
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Returns By Period
In the year-to-date period, GJUN achieves a 3.11% return, which is significantly higher than USMV's 1.14% return.
GJUN
- 1D
- -0.71%
- 1M
- -0.44%
- YTD
- 3.11%
- 6M
- 3.07%
- 1Y
- 10.23%
- 3Y*
- 11.15%
- 5Y*
- —
- 10Y*
- —
USMV
- 1D
- 0.29%
- 1M
- -2.10%
- YTD
- 1.14%
- 6M
- 0.51%
- 1Y
- 3.59%
- 3Y*
- 10.93%
- 5Y*
- 7.02%
- 10Y*
- 9.79%
GJUN vs. USMV - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
GJUN FT Cboe Vest U.S. Equity Moderate Buffer ETF - June | 3.11% | 10.00% | 13.24% | 6.40% |
USMV iShares MSCI USA Min Vol Factor ETF | 1.14% | 7.65% | 15.74% | 6.73% |
Correlation
The correlation between GJUN and USMV is 0.46, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.46 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.62 |
Correlation (All Time) Calculated using the full available price history since Jun 20, 2023 | 0.62 |
The correlation between GJUN and USMV shifts across timeframes, from 0.46 (1 year) to 0.62 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
GJUN vs. USMV — Risk / Return Rank
GJUN
USMV
GJUN vs. USMV - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for FT Cboe Vest U.S. Equity Moderate Buffer ETF - June (GJUN) and iShares MSCI USA Min Vol Factor ETF (USMV). 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.
| GJUN | USMV | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.91 | ||
| Sortino ratioReturn per unit of downside risk | +2.98 | ||
| Omega ratioGain probability vs. loss probability | 1.51 | 1.08 | +0.43 |
| Calmar ratioReturn relative to maximum drawdown | 3.46 | 0.56 | +2.90 |
| Martin ratioReturn relative to average drawdown | 19.75 | 1.82 | +17.93 |
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Drawdowns
GJUN vs. USMV - Drawdown Comparison
The maximum GJUN drawdown since its inception was -10.97%, smaller than the maximum USMV drawdown of -33.10%. Use the drawdown chart below to compare losses from any high point for GJUN and USMV.
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Drawdown Indicators
| GJUN | USMV | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -10.97% | -33.10% | +22.13% |
Max Drawdown (1Y)Largest decline over 1 year | -2.97% | -6.46% | +3.49% |
Max Drawdown (3Y)Largest decline over 3 years | -10.97% | -9.36% | -1.61% |
Max Drawdown (5Y)Largest decline over 5 years | — | -17.93% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.10% | — |
Current DrawdownCurrent decline from peak | -0.85% | -2.63% | +1.78% |
Average DrawdownAverage peak-to-trough decline | -0.87% | -2.87% | +2.00% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.52% | 1.98% | -1.46% |
Volatility
GJUN vs. USMV - Volatility Comparison
The current volatility for FT Cboe Vest U.S. Equity Moderate Buffer ETF - June (GJUN) is 0.78%, while iShares MSCI USA Min Vol Factor ETF (USMV) has a volatility of 2.63%. This indicates that GJUN experiences smaller price fluctuations and is considered to be less risky than USMV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| GJUN | USMV | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.78% | 2.63% | -1.85% |
Volatility (6M)Calculated over the trailing 6-month period | 3.34% | 6.14% | -2.80% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.42% | 8.60% | -4.18% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.83% | 12.35% | -4.52% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.83% | 14.51% | -6.68% |
GJUN vs. USMV - Expense Ratio Comparison
GJUN has a 0.85% expense ratio, which is higher than USMV's 0.15% expense ratio.
Dividends
GJUN vs. USMV - Dividend Comparison
GJUN has not paid dividends to shareholders, while USMV's dividend yield for the trailing twelve months is around 1.53%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GJUN FT Cboe Vest U.S. Equity Moderate Buffer ETF - June | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
USMV iShares MSCI USA Min Vol Factor ETF | 1.53% | 1.49% | 1.67% | 1.82% | 1.62% | 1.26% | 1.81% | 1.88% | 2.12% | 1.77% | 2.22% | 2.02% |
Frequently Asked Questions
GJUN and USMV have a correlation of 0.46, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
USMV has higher volatility (2.63%) compared to GJUN (0.78%). In terms of maximum drawdown, GJUN dropped -10.97% vs USMV's -33.10%.
On 3-year performance, GJUN leads with 11.15% vs 10.93% for USMV. On fees, USMV is cheaper at 0.15% per year. On volatility, GJUN has been the lower-risk option at 0.78%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, GJUN has performed better with a 11.15% return vs 10.93%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
USMV is cheaper with a 0.15% expense ratio, compared with 0.85% for GJUN.
USMV has the higher dividend yield at 1.53%, compared with 0.00% for GJUN.
GJUN is categorized as Options Trading, while USMV is Large Cap Blend Equities. They also come from different issuers: FT Vest and iShares. Their fees differ too: 0.85% for GJUN and 0.15% for USMV.
GJUN currently has the higher Sharpe Ratio (2.33 vs 0.42), 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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