JANB vs. JULB

Last updated Aug 1, 2026

JANB (Aptus January Buffer ETF) and JULB (Aptus July Buffer ETF) are both Defined Outcome funds from Aptus. Both are actively managed. Their 0.97 correlation means they have historically moved very closely together. Both charge a 0.25% expense ratio.

Performance

JANB vs. JULB - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Aptus January Buffer ETF (JANB) and Aptus July Buffer ETF (JULB). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, JANB achieves a 6.95% return, which is significantly lower than JULB's 8.08% return.

JANB

• 1D: 0.48%
• 1M: 0.80%
• 6M: 6.06%
• YTD: 6.95%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: —

JULB

• 1D: 0.54%
• 1M: 0.57%
• 6M: 7.15%
• YTD: 8.08%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: —

*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)
JANB Aptus January Buffer ETF	$172.70K	$156.00K	$568.29K
JULB Aptus July Buffer ETF	$122.17K	$181.25K	$221.75K

JANB vs. JULB - Yearly Performance Comparison

	2026 (YTD)	2025
JANB Aptus January Buffer ETF	6.95%	2.76%
JULB Aptus July Buffer ETF	8.08%	2.44%

Correlation

The correlation between JANB and JULB is 0.97 - they have historically moved very closely together. At this level, their price movements offset little of one another.

	Correlation
Correlation (All Time) Calculated using the full available price history since Oct 14, 2025	0.97

Return for Risk

JANB vs. JULB - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Aptus January Buffer ETF (JANB) and Aptus July Buffer ETF (JULB). 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.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Drawdowns

JANB vs. JULB - Drawdown Comparison

The maximum JANB drawdown since its inception was -6.52%, which is greater than JULB's maximum drawdown of -5.24%. Use the drawdown chart below to compare losses from any high point for JANB and JULB.

Drawdown Indicators

	JANB	JULB	Difference
Max Drawdown Largest peak-to-trough decline	-6.52%	-5.24%	-1.28%
Current Drawdown Current decline from peak	-0.06%	-0.20%	+0.14%
Average Drawdown Average peak-to-trough decline	-1.02%	-0.78%	-0.24%

Volatility

Volatility by Period

	JANB	JULB	Difference
Volatility (1Y) Calculated over the trailing 1-year period	7.38%	6.81%	+0.57%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	7.38%	6.81%	+0.57%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	7.38%	6.81%	+0.57%

JANB vs. JULB - Expense Ratio Comparison

Both JANB and JULB have an expense ratio of 0.25%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.

Dividends

JANB vs. JULB - Dividend Comparison

Neither JANB nor JULB has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both JANB and JULB in my portfolio?

With a correlation of 0.97, JANB and JULB 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 ETF is better, JANB or JULB?

Both ETFs have the same 0.25% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, JANB or JULB?

JANB and JULB have the same expense ratio: 0.25% per year.

Which ETF pays a higher dividend yield, JANB or JULB?

JANB and JULB have nearly identical dividend yields, around 0.00%.