JULM vs. CIBR

Last updated Jun 4, 2026

JULM (FT Vest U.S. Equity Max Buffer ETF - July) and CIBR (First Trust NASDAQ Cybersecurity ETF) are both exchange-traded funds - JULM is a Defined Outcome fund actively managed by First Trust, while CIBR is a Technology Equities fund tracking the Nasdaq CTA Cybersecurity Index. JULM is actively managed, while CIBR is passively managed. Over the past year, JULM returned 7.28% vs 25.78% for CIBR. A 0.64 correlation means they provide meaningful diversification when combined. JULM charges 0.85%/yr vs 0.60%/yr for CIBR.

Performance

JULM vs. CIBR - 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 First Trust NASDAQ Cybersecurity ETF (CIBR). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, JULM achieves a 2.67% return, which is significantly lower than CIBR's 28.52% return.

JULM

• 1D: 0.00%
• 1M: 0.80%
• YTD: 2.67%
• 6M: 3.17%
• 1Y: 7.28%
• 3Y*: —
• 5Y*: —
• 10Y*: —

CIBR

• 1D: -2.81%
• 1M: 31.43%
• YTD: 28.52%
• 6M: 24.03%
• 1Y: 25.78%
• 3Y*: 28.32%
• 5Y*: 16.28%
• 10Y*: 18.49%

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

JULM vs. CIBR - Yearly Performance Comparison

	2026 (YTD)	2025	2024
JULM FT Vest U.S. Equity Max Buffer ETF - July	2.67%	6.91%	3.56%
CIBR First Trust NASDAQ Cybersecurity ETF	28.52%	13.06%	15.45%

Correlation

The correlation between JULM and CIBR is 0.54, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.54
Correlation (All Time) Calculated using the full available price history since Jul 26, 2024	0.64

The correlation between JULM and CIBR shifts across timeframes, from 0.54 (1 year) to 0.64 (all time), reflecting how their relationship changes across market environments.

Return for Risk

JULM vs. CIBR — 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: 93
JULM Sortino Ratio Rank: 96
JULM Omega Ratio Rank: 96
JULM Calmar Ratio Rank: 85
JULM Martin Ratio Rank: 94

CIBR

CIBR Risk / Return Rank: 26
CIBR Sharpe Ratio Rank: 29
CIBR Sortino Ratio Rank: 28
CIBR Omega Ratio Rank: 29
CIBR Calmar Ratio Rank: 24
CIBR Martin Ratio Rank: 22

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. CIBR - 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 First Trust NASDAQ Cybersecurity ETF (CIBR). 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.

	JULM	CIBR	Difference
Sharpe ratio: Return per unit of total volatility	3.37	1.06	+2.31
Sortino ratio: Return per unit of downside risk	5.40	1.56	+3.83
Omega ratio: Gain probability vs. loss probability	1.78	1.20	+0.58
Calmar ratio: Return relative to maximum drawdown	4.66	1.18	+3.48
Martin ratio: Return relative to average drawdown	27.08	2.79	+24.29
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

JULM vs. CIBR - Sharpe Ratio Comparison

The current JULM Sharpe Ratio is 3.37, which is higher than the CIBR Sharpe Ratio of 1.06. The chart below compares the historical Sharpe Ratios of JULM and CIBR, 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

	JULM	CIBR	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	3.37	1.06	+2.31
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.66	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.79	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.91	0.67	+1.25

Drawdowns

JULM vs. CIBR - Drawdown Comparison

The maximum JULM drawdown since its inception was -4.42%, smaller than the maximum CIBR drawdown of -33.89%. Use the drawdown chart below to compare losses from any high point for JULM and CIBR.

Drawdown Indicators

	JULM	CIBR	Difference
Max Drawdown Largest peak-to-trough decline	-4.42%	-33.89%	+29.47%
Max Drawdown (1Y) Largest decline over 1 year	-1.57%	-21.99%	+20.42%
Max Drawdown (3Y) Largest decline over 3 years	—	-21.99%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-33.89%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-33.89%	—
Current Drawdown Current decline from peak	0.00%	-2.81%	+2.81%
Average Drawdown Average peak-to-trough decline	-0.34%	-8.66%	+8.32%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.27%	9.25%	-8.98%

Volatility

JULM vs. CIBR - Volatility Comparison

The current volatility for FT Vest U.S. Equity Max Buffer ETF - July (JULM) is 0.19%, while First Trust NASDAQ Cybersecurity ETF (CIBR) has a volatility of 10.90%. This indicates that JULM experiences smaller price fluctuations and is considered to be less risky than CIBR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	JULM	CIBR	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.19%	10.90%	-10.71%
Volatility (6M) Calculated over the trailing 6-month period	1.69%	20.90%	-19.21%
Volatility (1Y) Calculated over the trailing 1-year period	2.18%	24.50%	-22.32%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	3.76%	24.95%	-21.19%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	3.76%	23.60%	-19.84%

JULM vs. CIBR - Expense Ratio Comparison

JULM has a 0.85% expense ratio, which is higher than CIBR's 0.60% expense ratio.

Dividends

JULM vs. CIBR - Dividend Comparison

JULM has not paid dividends to shareholders, while CIBR's dividend yield for the trailing twelve months is around 0.45%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
CIBR First Trust NASDAQ Cybersecurity ETF	0.45%	0.42%	0.29%	0.42%	0.31%	0.59%	1.10%	0.23%	0.23%	0.10%	0.77%	0.58%
JULM FT Vest U.S. Equity Max Buffer ETF - July	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both JULM and CIBR in my portfolio?

JULM and CIBR have a correlation of 0.54, 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 CIBR?

CIBR has higher volatility (10.90%) compared to JULM (0.19%). In terms of maximum drawdown, JULM dropped -4.42% vs CIBR's -33.89%.

Which ETF is better, JULM or CIBR?

On 1-year performance, CIBR leads with 25.78% vs 7.28% for JULM. On fees, CIBR is cheaper at 0.60% per year. On volatility, JULM has been the lower-risk option at 0.19%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, JULM or CIBR?

Over the 1-year period, CIBR has performed better with a 25.78% return vs 7.28%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, JULM or CIBR?

CIBR is cheaper with a 0.60% expense ratio, compared with 0.85% for JULM.

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

CIBR has the higher dividend yield at 0.45%, compared with 0.00% for JULM.

What is the main difference between JULM and CIBR?

JULM is categorized as Defined Outcome, while CIBR is Technology Equities. Their fees differ too: 0.85% for JULM and 0.60% for CIBR.

Which has better risk-adjusted returns?

JULM currently has the higher Sharpe Ratio (3.37 vs 1.06), 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.