JULM vs. IBID

Last updated Jun 23, 2026

JULM (FT Vest U.S. Equity Max Buffer ETF - July) and IBID (iShares iBonds Oct 2027 Term TIPS ETF) are both exchange-traded funds - JULM is a Defined Outcome fund actively managed by First Trust, while IBID is a Inflation-Protected Bonds fund tracking the ICE 2027 Maturity US Inflation-Linked Treasury Index. JULM is actively managed, while IBID is passively managed. Over the past year, JULM returned 7.22% vs 4.04% for IBID. At a correlation of -0.06, they often move in opposite directions. JULM charges 0.85%/yr vs 0.10%/yr for IBID.

Performance

JULM vs. IBID - 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 iShares iBonds Oct 2027 Term TIPS ETF (IBID). 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 IBID's 1.99% return.

JULM

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

IBID

• 1D: 0.00%
• 1M: -0.19%
• YTD: 1.99%
• 6M: 2.08%
• 1Y: 4.04%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

JULM vs. IBID - Yearly Performance Comparison

	2026 (YTD)	2025	2024
JULM FT Vest U.S. Equity Max Buffer ETF - July	2.87%	6.91%	3.53%
IBID iShares iBonds Oct 2027 Term TIPS ETF	1.99%	5.66%	2.09%

Correlation

The correlation between JULM and IBID is -0.10, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	-0.10
Correlation (All Time) Calculated using the full available price history since Jul 25, 2024	-0.06

Return for Risk

JULM vs. IBID — 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

IBID

IBID Risk / Return Rank: 95
IBID Sharpe Ratio Rank: 93
IBID Sortino Ratio Rank: 96
IBID Omega Ratio Rank: 96
IBID Calmar Ratio Rank: 96
IBID Martin Ratio Rank: 95

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. IBID - 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 iShares iBonds Oct 2027 Term TIPS ETF (IBID). 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	IBID	Difference
Sharpe ratio: Return per unit of total volatility	3.43	3.29	+0.14
Sortino ratio: Return per unit of downside risk	5.54	5.55	-0.01
Omega ratio: Gain probability vs. loss probability	1.80	1.75	+0.05
Calmar ratio: Return relative to maximum drawdown	4.62	8.22	-3.60
Martin ratio: Return relative to average drawdown	27.00	30.99	-3.99

JULM vs. IBID - Sharpe Ratio Comparison

The current JULM Sharpe Ratio is 3.43, which is comparable to the IBID Sharpe Ratio of 3.29. The chart below compares the historical Sharpe Ratios of JULM and IBID, 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. IBID - Drawdown Comparison

The maximum JULM drawdown since its inception was -4.42%, which is greater than IBID's maximum drawdown of -1.28%. Use the drawdown chart below to compare losses from any high point for JULM and IBID.

Drawdown Indicators

	JULM	IBID	Difference
Max Drawdown Largest peak-to-trough decline	-4.42%	-1.28%	-3.14%
Max Drawdown (1Y) Largest decline over 1 year	-1.57%	-0.49%	-1.08%
Current Drawdown Current decline from peak	0.00%	-0.49%	+0.49%
Average Drawdown Average peak-to-trough decline	-0.33%	-0.22%	-0.11%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.27%	0.13%	+0.14%

Volatility

JULM vs. IBID - Volatility Comparison

The current volatility for FT Vest U.S. Equity Max Buffer ETF - July (JULM) is 0.32%, while iShares iBonds Oct 2027 Term TIPS ETF (IBID) has a volatility of 0.35%. This indicates that JULM experiences smaller price fluctuations and is considered to be less risky than IBID based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	JULM	IBID	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.32%	0.35%	-0.03%
Volatility (6M) Calculated over the trailing 6-month period	1.70%	0.86%	+0.84%
Volatility (1Y) Calculated over the trailing 1-year period	2.12%	1.23%	+0.89%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	3.71%	2.24%	+1.47%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	3.71%	2.24%	+1.47%

JULM vs. IBID - Expense Ratio Comparison

JULM has a 0.85% expense ratio, which is higher than IBID's 0.10% expense ratio.

Dividends

JULM vs. IBID - Dividend Comparison

JULM has not paid dividends to shareholders, while IBID's dividend yield for the trailing twelve months is around 3.68%.

Position	TTM	2025	2024	2023
IBID iShares iBonds Oct 2027 Term TIPS ETF	3.68%	4.43%	4.24%	0.81%
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 IBID in my portfolio?

JULM and IBID have a correlation of -0.10, 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 IBID?

IBID has higher volatility (0.35%) compared to JULM (0.32%). In terms of maximum drawdown, JULM dropped -4.42% vs IBID's -1.28%.

Which ETF is better, JULM or IBID?

On 1-year performance, JULM leads with 7.22% vs 4.04% for IBID. On fees, IBID is cheaper at 0.10% per year. Their volatility is very similar. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, JULM or IBID?

Over the 1-year period, JULM has performed better with a 7.22% return vs 4.04%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, JULM or IBID?

IBID is cheaper with a 0.10% expense ratio, compared with 0.85% for JULM.

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

IBID has the higher dividend yield at 3.68%, compared with 0.00% for JULM.

What is the main difference between JULM and IBID?

JULM is categorized as Defined Outcome, while IBID is Inflation-Protected Bonds. They also come from different issuers: First Trust and iShares. Their fees differ too: 0.85% for JULM and 0.10% for IBID.

Which has better risk-adjusted returns?

JULM currently has the higher Sharpe Ratio (3.43 vs 3.29), 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.