JULM vs. IGLD

Last updated Jun 23, 2026

JULM (FT Vest U.S. Equity Max Buffer ETF - July) and IGLD (FT Vest Gold Strategy Target Income ETF) are both exchange-traded funds - JULM is a Defined Outcome fund actively managed by First Trust, while IGLD is a Gold fund actively managed by First Trust. Both are actively managed. Over the past year, JULM returned 7.22% vs 17.49% for IGLD. At a 0.12 correlation, their price movements are largely independent. Both charge a 0.85% expense ratio.

Performance

JULM vs. IGLD - 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 FT Vest Gold Strategy Target Income ETF (IGLD). 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 IGLD's -3.67% return.

JULM

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

IGLD

• 1D: -0.63%
• 1M: -6.25%
• YTD: -3.67%
• 6M: -5.24%
• 1Y: 17.49%
• 3Y*: 21.13%
• 5Y*: 13.19%
• 10Y*: —

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

JULM vs. IGLD - Yearly Performance Comparison

	2026 (YTD)	2025	2024
JULM FT Vest U.S. Equity Max Buffer ETF - July	2.87%	6.91%	3.53%
IGLD FT Vest Gold Strategy Target Income ETF	-3.67%	47.46%	6.92%

Correlation

The correlation between JULM and IGLD is 0.26, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.26
Correlation (All Time) Calculated using the full available price history since Jul 25, 2024	0.12

The correlation between JULM and IGLD shifts across timeframes, from 0.12 (all time) to 0.26 (1 year), reflecting how their relationship changes across market environments.

Return for Risk

JULM vs. IGLD — 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

IGLD

IGLD Risk / Return Rank: 20
IGLD Sharpe Ratio Rank: 21
IGLD Sortino Ratio Rank: 20
IGLD Omega Ratio Rank: 23
IGLD Calmar Ratio Rank: 19
IGLD Martin Ratio Rank: 20

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. IGLD - 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 FT Vest Gold Strategy Target Income ETF (IGLD). 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	IGLD	Difference
Sharpe ratio: Return per unit of total volatility	3.43	0.72	+2.70
Sortino ratio: Return per unit of downside risk	5.54	1.08	+4.47
Omega ratio: Gain probability vs. loss probability	1.80	1.16	+0.64
Calmar ratio: Return relative to maximum drawdown	4.62	0.80	+3.82
Martin ratio: Return relative to average drawdown	27.00	2.32	+24.68

JULM vs. IGLD - Sharpe Ratio Comparison

The current JULM Sharpe Ratio is 3.43, which is higher than the IGLD Sharpe Ratio of 0.72. The chart below compares the historical Sharpe Ratios of JULM and IGLD, 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. IGLD - Drawdown Comparison

The maximum JULM drawdown since its inception was -4.42%, smaller than the maximum IGLD drawdown of -21.90%. Use the drawdown chart below to compare losses from any high point for JULM and IGLD.

Drawdown Indicators

	JULM	IGLD	Difference
Max Drawdown Largest peak-to-trough decline	-4.42%	-21.90%	+17.48%
Max Drawdown (1Y) Largest decline over 1 year	-1.57%	-21.90%	+20.33%
Max Drawdown (3Y) Largest decline over 3 years	—	-21.90%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-21.90%	—
Current Drawdown Current decline from peak	0.00%	-19.63%	+19.63%
Average Drawdown Average peak-to-trough decline	-0.33%	-5.35%	+5.02%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.27%	7.56%	-7.29%

Volatility

JULM vs. IGLD - Volatility Comparison

The current volatility for FT Vest U.S. Equity Max Buffer ETF - July (JULM) is 0.32%, while FT Vest Gold Strategy Target Income ETF (IGLD) has a volatility of 7.99%. This indicates that JULM experiences smaller price fluctuations and is considered to be less risky than IGLD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	JULM	IGLD	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.32%	7.99%	-7.67%
Volatility (6M) Calculated over the trailing 6-month period	1.70%	22.26%	-20.56%
Volatility (1Y) Calculated over the trailing 1-year period	2.12%	24.36%	-22.24%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	3.71%	15.45%	-11.74%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	3.71%	15.28%	-11.57%

JULM vs. IGLD - Expense Ratio Comparison

Both JULM and IGLD have an expense ratio of 0.85%.

Dividends

JULM vs. IGLD - Dividend Comparison

JULM has not paid dividends to shareholders, while IGLD's dividend yield for the trailing twelve months is around 18.91%.

Position	TTM	2025	2024	2023	2022	2021
IGLD FT Vest Gold Strategy Target Income ETF	18.91%	9.91%	20.81%	7.85%	4.45%	2.24%
JULM FT Vest U.S. Equity Max Buffer ETF - July	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both JULM and IGLD in my portfolio?

JULM and IGLD have a correlation of 0.26, 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 IGLD?

IGLD has higher volatility (7.99%) compared to JULM (0.32%). In terms of maximum drawdown, JULM dropped -4.42% vs IGLD's -21.90%.

Which ETF is better, JULM or IGLD?

On 1-year performance, IGLD leads with 17.49% vs 7.22% for JULM. Both ETFs have the same 0.85% expense ratio. On volatility, JULM has been the lower-risk option at 0.32%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, JULM or IGLD?

Over the 1-year period, IGLD has performed better with a 17.49% return vs 7.22%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, JULM or IGLD?

JULM and IGLD have the same expense ratio: 0.85% per year.

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

IGLD has the higher dividend yield at 18.91%, compared with 0.00% for JULM.

What is the main difference between JULM and IGLD?

JULM is categorized as Defined Outcome, while IGLD is Gold.

Which has better risk-adjusted returns?

JULM currently has the higher Sharpe Ratio (3.43 vs 0.72), 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.