JULM vs. BAMU

Last updated Jun 23, 2026

JULM (FT Vest U.S. Equity Max Buffer ETF - July) and BAMU (Brookstone Ultra-Short Bond ETF) are both exchange-traded funds - JULM is a Defined Outcome fund actively managed by First Trust, while BAMU is a Ultrashort Bond fund actively managed by Brookstone. Both are actively managed. Over the past year, JULM returned 7.22% vs 2.91% for BAMU. At a 0.01 correlation, their price movements are largely independent. JULM charges 0.85%/yr vs 1.09%/yr for BAMU.

Performance

JULM vs. BAMU - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in FT Vest U.S. Equity Max Buffer ETF - July (JULM) and Brookstone Ultra-Short Bond ETF (BAMU). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, JULM achieves a 2.87% return, which is significantly higher than BAMU's 1.18% return.

JULM

• 1D: 0.04%
• 1M: 0.42%
• YTD: 2.87%
• 6M: 2.96%
• 1Y: 7.22%
• 3Y*: —
• 5Y*: —
• 10Y*: —

BAMU

• 1D: 0.02%
• 1M: 0.16%
• YTD: 1.18%
• 6M: 1.23%
• 1Y: 2.91%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

JULM vs. BAMU - Yearly Performance Comparison

	2026 (YTD)	2025	2024
JULM FT Vest U.S. Equity Max Buffer ETF - July	2.87%	6.91%	3.53%
BAMU Brookstone Ultra-Short Bond ETF	1.18%	3.21%	1.81%

Correlation

The correlation between JULM and BAMU is -0.11, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	-0.11
Correlation (All Time) Calculated using the full available price history since Jul 25, 2024	0.01

The correlation between JULM and BAMU shifts across timeframes, from -0.11 (1 year) to 0.01 (all time), reflecting how their relationship changes across market environments.

Return for Risk

JULM vs. BAMU — Risk / Return Rank

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

JULM

JULM Risk / Return Rank: 93
JULM Sharpe Ratio Rank: 94
JULM Sortino Ratio Rank: 96
JULM Omega Ratio Rank: 96
JULM Calmar Ratio Rank: 86
JULM Martin Ratio Rank: 94

BAMU

BAMU Risk / Return Rank: 98
BAMU Sharpe Ratio Rank: 98
BAMU Sortino Ratio Rank: 98
BAMU Omega Ratio Rank: 98
BAMU Calmar Ratio Rank: 99
BAMU Martin Ratio Rank: 99

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.

JULM vs. BAMU - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for FT Vest U.S. Equity Max Buffer ETF - July (JULM) and Brookstone Ultra-Short Bond ETF (BAMU). 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.

	JULM	BAMU	Difference
Sharpe ratio: Return per unit of total volatility	3.43	5.01	-1.58
Sortino ratio: Return per unit of downside risk	5.54	8.84	-3.29
Omega ratio: Gain probability vs. loss probability	1.80	2.43	-0.63
Calmar ratio: Return relative to maximum drawdown	4.62	24.72	-20.10
Martin ratio: Return relative to average drawdown	27.00	97.90	-70.90

JULM vs. BAMU - Sharpe Ratio Comparison

The current JULM Sharpe Ratio is 3.43, which is lower than the BAMU Sharpe Ratio of 5.01. The chart below compares the historical Sharpe Ratios of JULM and BAMU, 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

JULM vs. BAMU - Drawdown Comparison

The maximum JULM drawdown since its inception was -4.42%, which is greater than BAMU's maximum drawdown of -0.36%. Use the drawdown chart below to compare losses from any high point for JULM and BAMU.

Drawdown Indicators

	JULM	BAMU	Difference
Max Drawdown Largest peak-to-trough decline	-4.42%	-0.36%	-4.06%
Max Drawdown (1Y) Largest decline over 1 year	-1.57%	-0.12%	-1.45%
Current Drawdown Current decline from peak	0.00%	0.00%	0.00%
Average Drawdown Average peak-to-trough decline	-0.33%	-0.02%	-0.31%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.27%	0.03%	+0.24%

Volatility

JULM vs. BAMU - Volatility Comparison

FT Vest U.S. Equity Max Buffer ETF - July (JULM) has a higher volatility of 0.32% compared to Brookstone Ultra-Short Bond ETF (BAMU) at 0.09%. This indicates that JULM's price experiences larger fluctuations and is considered to be riskier than BAMU based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	JULM	BAMU	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.32%	0.09%	+0.23%
Volatility (6M) Calculated over the trailing 6-month period	1.70%	0.40%	+1.30%
Volatility (1Y) Calculated over the trailing 1-year period	2.12%	0.58%	+1.54%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	3.71%	0.87%	+2.84%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	3.71%	0.87%	+2.84%

JULM vs. BAMU - Expense Ratio Comparison

JULM has a 0.85% expense ratio, which is lower than BAMU's 1.09% expense ratio.

Dividends

JULM vs. BAMU - Dividend Comparison

JULM has not paid dividends to shareholders, while BAMU's dividend yield for the trailing twelve months is around 3.05%.

Position	TTM	2025	2024	2023
BAMU Brookstone Ultra-Short Bond ETF	3.05%	3.20%	3.97%	0.84%
JULM FT Vest U.S. Equity Max Buffer ETF - July	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both JULM and BAMU in my portfolio?

JULM and BAMU have a correlation of -0.11, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, JULM or BAMU?

JULM has higher volatility (0.32%) compared to BAMU (0.09%). In terms of maximum drawdown, JULM dropped -4.42% vs BAMU's -0.36%.

Which ETF is better, JULM or BAMU?

On 1-year performance, JULM leads with 7.22% vs 2.91% for BAMU. On fees, JULM is cheaper at 0.85% per year. On volatility, BAMU has been the lower-risk option at 0.09%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, JULM or BAMU?

Over the 1-year period, JULM has performed better with a 7.22% return vs 2.91%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, JULM or BAMU?

JULM is cheaper with a 0.85% expense ratio, compared with 1.09% for BAMU.

Which ETF pays a higher dividend yield, JULM or BAMU?

BAMU has the higher dividend yield at 3.05%, compared with 0.00% for JULM.

What is the main difference between JULM and BAMU?

JULM is categorized as Defined Outcome, while BAMU is Ultrashort Bond. They also come from different issuers: First Trust and Brookstone. Their fees differ too: 0.85% for JULM and 1.09% for BAMU.

Which has better risk-adjusted returns?

BAMU currently has the higher Sharpe Ratio (5.01 vs 3.43), 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.