JULB vs. TEND

Last updated Aug 1, 2026

JULB (Aptus July Buffer ETF) and TEND (iShares Large Cap 10% Target Buffer Dec ETF) are both Defined Outcome funds. Both are actively managed. Their 0.96 correlation means they have historically moved very closely together. JULB charges 0.25%/yr vs 0.50%/yr for TEND.

Performance

JULB vs. TEND - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Aptus July Buffer ETF (JULB) and iShares Large Cap 10% Target Buffer Dec ETF (TEND). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

The year-to-date returns for both stocks are quite close, with JULB having a 8.08% return and TEND slightly lower at 7.75%.

JULB

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

TEND

• 1D: 0.59%
• 1M: 0.79%
• 6M: 6.75%
• YTD: 7.75%
• 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)
JULB Aptus July Buffer ETF	$122.17K	$181.25K	$221.75K
TEND iShares Large Cap 10% Target Buffer Dec ETF	$56.09K	$116.30K	$2.97M

JULB vs. TEND - Yearly Performance Comparison

	2026 (YTD)	2025
JULB Aptus July Buffer ETF	8.08%	2.44%
TEND iShares Large Cap 10% Target Buffer Dec ETF	7.75%	2.19%

Correlation

The correlation between JULB and TEND is 0.96 - 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	0.96

Return for Risk

JULB vs. TEND - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Aptus July Buffer ETF (JULB) and iShares Large Cap 10% Target Buffer Dec ETF (TEND). 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

JULB vs. TEND - Drawdown Comparison

The maximum JULB drawdown since its inception was -5.24%, smaller than the maximum TEND drawdown of -5.92%. Use the drawdown chart below to compare losses from any high point for JULB and TEND.

Drawdown Indicators

	JULB	TEND	Difference
Max Drawdown Largest peak-to-trough decline	-5.24%	-5.92%	+0.68%
Current Drawdown Current decline from peak	-0.20%	-0.13%	-0.07%
Average Drawdown Average peak-to-trough decline	-0.78%	-0.75%	-0.03%

Volatility

Volatility by Period

	JULB	TEND	Difference
Volatility (1Y) Calculated over the trailing 1-year period	6.81%	8.20%	-1.39%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	6.81%	8.20%	-1.39%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	6.81%	8.20%	-1.39%

JULB vs. TEND - Expense Ratio Comparison

JULB has a 0.25% expense ratio, which is lower than TEND's 0.50% expense ratio.

Dividends

JULB vs. TEND - Dividend Comparison

JULB has not paid dividends to shareholders, while TEND's dividend yield for the trailing twelve months is around 0.13%.

Position	TTM	2025
JULB Aptus July Buffer ETF	0.00%	0.00%
TEND iShares Large Cap 10% Target Buffer Dec ETF	0.13%	0.14%

Frequently Asked Questions

Can I hold both JULB and TEND in my portfolio?

With a correlation of 0.96, JULB and TEND 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, JULB or TEND?

On fees, JULB is cheaper at 0.25% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, JULB or TEND?

JULB is cheaper with a 0.25% expense ratio, compared with 0.50% for TEND.

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

TEND has the higher dividend yield at 0.13%, compared with 0.00% for JULB.

What is the main difference between JULB and TEND?

They also come from different issuers: Aptus and BlackRock. Their fees differ too: 0.25% for JULB and 0.50% for TEND.