JULM vs. RBIL

Last updated Jun 23, 2026

JULM (FT Vest U.S. Equity Max Buffer ETF - July) and RBIL (F/m Ultrashort Treasury Inflation-Protected Security (TIPS) ETF) are both exchange-traded funds - JULM is a Defined Outcome fund actively managed by First Trust, while RBIL is a Inflation-Protected Bonds fund tracking the Bloomberg US Ultrashort TIPS 1-13 Months Index. JULM is actively managed, while RBIL is passively managed. Over the past year, JULM returned 7.22% vs 3.95% for RBIL. At a correlation of -0.17, they often move in opposite directions. JULM charges 0.85%/yr vs 0.17%/yr for RBIL.

Performance

JULM vs. RBIL - 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 F/m Ultrashort Treasury Inflation-Protected Security (TIPS) ETF (RBIL). 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 RBIL's 2.31% return.

JULM

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

RBIL

• 1D: -0.05%
• 1M: -0.20%
• YTD: 2.31%
• 6M: 2.35%
• 1Y: 3.95%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

JULM vs. RBIL - Yearly Performance Comparison

	2026 (YTD)	2025
JULM FT Vest U.S. Equity Max Buffer ETF - July	2.87%	5.86%
RBIL F/m Ultrashort Treasury Inflation-Protected Security (TIPS) ETF	2.31%	2.85%

Correlation

The correlation between JULM and RBIL is -0.18, 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	-0.18
Correlation (All Time) Calculated using the full available price history since Feb 25, 2025	-0.17

Return for Risk

JULM vs. RBIL — 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

RBIL

RBIL Risk / Return Rank: 97
RBIL Sharpe Ratio Rank: 97
RBIL Sortino Ratio Rank: 97
RBIL Omega Ratio Rank: 98
RBIL Calmar Ratio Rank: 95
RBIL Martin Ratio Rank: 97

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. RBIL - 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 F/m Ultrashort Treasury Inflation-Protected Security (TIPS) ETF (RBIL). 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	RBIL	Difference
Sharpe ratio: Return per unit of total volatility	3.43	4.18	-0.76
Sortino ratio: Return per unit of downside risk	5.54	6.39	-0.84
Omega ratio: Gain probability vs. loss probability	1.80	2.06	-0.26
Calmar ratio: Return relative to maximum drawdown	4.62	7.59	-2.97
Martin ratio: Return relative to average drawdown	27.00	44.07	-17.08

JULM vs. RBIL - Sharpe Ratio Comparison

The current JULM Sharpe Ratio is 3.43, which is comparable to the RBIL Sharpe Ratio of 4.18. The chart below compares the historical Sharpe Ratios of JULM and RBIL, 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. RBIL - Drawdown Comparison

The maximum JULM drawdown since its inception was -4.42%, which is greater than RBIL's maximum drawdown of -0.52%. Use the drawdown chart below to compare losses from any high point for JULM and RBIL.

Drawdown Indicators

	JULM	RBIL	Difference
Max Drawdown Largest peak-to-trough decline	-4.42%	-0.52%	-3.90%
Max Drawdown (1Y) Largest decline over 1 year	-1.57%	-0.52%	-1.05%
Current Drawdown Current decline from peak	0.00%	-0.51%	+0.51%
Average Drawdown Average peak-to-trough decline	-0.33%	-0.07%	-0.26%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.27%	0.09%	+0.18%

Volatility

JULM vs. RBIL - Volatility Comparison

The current volatility for FT Vest U.S. Equity Max Buffer ETF - July (JULM) is 0.32%, while F/m Ultrashort Treasury Inflation-Protected Security (TIPS) ETF (RBIL) has a volatility of 0.36%. This indicates that JULM experiences smaller price fluctuations and is considered to be less risky than RBIL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	JULM	RBIL	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.32%	0.36%	-0.04%
Volatility (6M) Calculated over the trailing 6-month period	1.70%	0.85%	+0.85%
Volatility (1Y) Calculated over the trailing 1-year period	2.12%	0.95%	+1.17%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	3.71%	1.07%	+2.64%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	3.71%	1.07%	+2.64%

JULM vs. RBIL - Expense Ratio Comparison

JULM has a 0.85% expense ratio, which is higher than RBIL's 0.17% expense ratio.

Dividends

JULM vs. RBIL - Dividend Comparison

JULM has not paid dividends to shareholders, while RBIL's dividend yield for the trailing twelve months is around 4.38%.

Position	TTM	2025
JULM FT Vest U.S. Equity Max Buffer ETF - July	0.00%	0.00%
RBIL F/m Ultrashort Treasury Inflation-Protected Security (TIPS) ETF	4.38%	3.65%

Frequently Asked Questions

Can I hold both JULM and RBIL in my portfolio?

JULM and RBIL have a correlation of -0.18, 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 RBIL?

RBIL has higher volatility (0.36%) compared to JULM (0.32%). In terms of maximum drawdown, JULM dropped -4.42% vs RBIL's -0.52%.

Which ETF is better, JULM or RBIL?

On 1-year performance, JULM leads with 7.22% vs 3.95% for RBIL. On fees, RBIL is cheaper at 0.17% 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 RBIL?

Over the 1-year period, JULM has performed better with a 7.22% return vs 3.95%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, JULM or RBIL?

RBIL is cheaper with a 0.17% expense ratio, compared with 0.85% for JULM.

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

RBIL has the higher dividend yield at 4.38%, compared with 0.00% for JULM.

What is the main difference between JULM and RBIL?

JULM is categorized as Defined Outcome, while RBIL is Inflation-Protected Bonds. They also come from different issuers: First Trust and F/m. Their fees differ too: 0.85% for JULM and 0.17% for RBIL.

Which has better risk-adjusted returns?

RBIL currently has the higher Sharpe Ratio (4.18 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.