IBTM vs. JUCY

Last updated Jun 5, 2026

IBTM (iShares iBonds Dec 2032 Term Treasury ETF) and JUCY (Aptus Enhanced Yield ETF) are both Intermediate Core Bond funds. IBTM is passively managed, while JUCY is actively managed. Over the past 3 years, IBTM returned 2.74%/yr vs 4.46%/yr for JUCY. At a 0.22 correlation, their price movements are largely independent. IBTM charges 0.07%/yr vs 0.60%/yr for JUCY.

Performance

IBTM vs. JUCY - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares iBonds Dec 2032 Term Treasury ETF (IBTM) and Aptus Enhanced Yield ETF (JUCY). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, IBTM achieves a -0.36% return, which is significantly lower than JUCY's 3.13% return.

IBTM

• 1D: 0.13%
• 1M: -0.11%
• YTD: -0.36%
• 6M: -0.38%
• 1Y: 3.43%
• 3Y*: 2.74%
• 5Y*: —
• 10Y*: —

JUCY

• 1D: 0.09%
• 1M: 0.49%
• YTD: 3.13%
• 6M: 3.92%
• 1Y: 7.83%
• 3Y*: 4.46%
• 5Y*: —
• 10Y*: —

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

IBTM vs. JUCY - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
IBTM iShares iBonds Dec 2032 Term Treasury ETF	-0.36%	8.06%	-0.14%	3.48%	2.41%
JUCY Aptus Enhanced Yield ETF	3.13%	5.50%	3.89%	3.27%	0.72%

Correlation

The correlation between IBTM and JUCY is 0.30, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.30
Correlation (3Y) Calculated over the trailing 3-year period	0.22
Correlation (All Time) Calculated using the full available price history since Nov 2, 2022	0.22

Return for Risk

IBTM vs. JUCY — Risk / Return Rank

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

IBTM

IBTM Risk / Return Rank: 24
IBTM Sharpe Ratio Rank: 25
IBTM Sortino Ratio Rank: 24
IBTM Omega Ratio Rank: 23
IBTM Calmar Ratio Rank: 23
IBTM Martin Ratio Rank: 24

JUCY

JUCY Risk / Return Rank: 84
JUCY Sharpe Ratio Rank: 70
JUCY Sortino Ratio Rank: 79
JUCY Omega Ratio Rank: 77
JUCY Calmar Ratio Rank: 96
JUCY Martin Ratio Rank: 96

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.

IBTM vs. JUCY - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares iBonds Dec 2032 Term Treasury ETF (IBTM) and Aptus Enhanced Yield ETF (JUCY). 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.

	IBTM	JUCY	Difference
Sharpe ratio: Return per unit of total volatility	0.85	2.27	-1.42
Sortino ratio: Return per unit of downside risk	1.28	3.49	-2.21
Omega ratio: Gain probability vs. loss probability	1.15	1.45	-0.30
Calmar ratio: Return relative to maximum drawdown	1.05	9.49	-8.44
Martin ratio: Return relative to average drawdown	3.04	36.42	-33.38
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

IBTM vs. JUCY - Sharpe Ratio Comparison

The current IBTM Sharpe Ratio is 0.85, which is lower than the JUCY Sharpe Ratio of 2.27. The chart below compares the historical Sharpe Ratios of IBTM and JUCY, 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

	IBTM	JUCY	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.85	2.27	-1.42
Sharpe Ratio (All Time) Calculated using the full available price history	0.20	1.40	-1.20

Drawdowns

IBTM vs. JUCY - Drawdown Comparison

The maximum IBTM drawdown since its inception was -13.60%, which is greater than JUCY's maximum drawdown of -1.56%. Use the drawdown chart below to compare losses from any high point for IBTM and JUCY.

Drawdown Indicators

	IBTM	JUCY	Difference
Max Drawdown Largest peak-to-trough decline	-13.60%	-1.56%	-12.04%
Max Drawdown (1Y) Largest decline over 1 year	-3.26%	-0.83%	-2.43%
Max Drawdown (3Y) Largest decline over 3 years	-7.86%	-1.56%	-6.30%
Current Drawdown Current decline from peak	-2.25%	0.00%	-2.25%
Average Drawdown Average peak-to-trough decline	-4.82%	-0.32%	-4.50%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.13%	0.22%	+0.91%

Volatility

IBTM vs. JUCY - Volatility Comparison

iShares iBonds Dec 2032 Term Treasury ETF (IBTM) has a higher volatility of 1.20% compared to Aptus Enhanced Yield ETF (JUCY) at 0.50%. This indicates that IBTM's price experiences larger fluctuations and is considered to be riskier than JUCY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	IBTM	JUCY	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.20%	0.50%	+0.70%
Volatility (6M) Calculated over the trailing 6-month period	2.75%	2.14%	+0.61%
Volatility (1Y) Calculated over the trailing 1-year period	4.09%	3.47%	+0.62%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	7.55%	3.32%	+4.23%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	7.55%	3.32%	+4.23%

IBTM vs. JUCY - Expense Ratio Comparison

IBTM has a 0.07% expense ratio, which is lower than JUCY's 0.60% expense ratio.

Dividends

IBTM vs. JUCY - Dividend Comparison

IBTM's dividend yield for the trailing twelve months is around 3.95%, less than JUCY's 8.21% yield.

Position	TTM	2025	2024	2023	2022
IBTM iShares iBonds Dec 2032 Term Treasury ETF	3.95%	3.87%	3.96%	3.39%	1.38%
JUCY Aptus Enhanced Yield ETF	8.21%	7.98%	7.83%	9.31%	0.58%

Frequently Asked Questions

Can I hold both IBTM and JUCY in my portfolio?

IBTM and JUCY have a correlation of 0.30, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, IBTM or JUCY?

IBTM has higher volatility (1.20%) compared to JUCY (0.50%). In terms of maximum drawdown, IBTM dropped -13.60% vs JUCY's -1.56%.

Which ETF is better, IBTM or JUCY?

On 3-year performance, JUCY leads with 4.46% vs 2.74% for IBTM. On fees, IBTM is cheaper at 0.07% per year. On volatility, JUCY has been the lower-risk option at 0.50%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, IBTM or JUCY?

Over the 3-year period, JUCY has performed better with a 4.46% return vs 2.74%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, IBTM or JUCY?

IBTM is cheaper with a 0.07% expense ratio, compared with 0.60% for JUCY.

Which ETF pays a higher dividend yield, IBTM or JUCY?

JUCY has the higher dividend yield at 8.21%, compared with 3.95% for IBTM.

What is the main difference between IBTM and JUCY?

They also come from different issuers: iShares and Aptus. Their fees differ too: 0.07% for IBTM and 0.60% for JUCY.

Which has better risk-adjusted returns?

JUCY currently has the higher Sharpe Ratio (2.27 vs 0.85), 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.