JULP vs. APRB
JULP (PGIM S&P 500 Buffer 12 ETF - July) and APRB (Aptus April Buffer ETF) are both Defined Outcome funds. Both are actively managed. Their correlation of 0.90 suggests significant overlap in exposure. JULP charges 0.50%/yr vs 0.25%/yr for APRB.
Performance
JULP vs. APRB - Performance Comparison
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Returns By Period
In the year-to-date period, JULP achieves a 5.33% return, which is significantly higher than APRB's 4.77% return.
JULP
- 1D
- -0.02%
- 1M
- 1.47%
- YTD
- 5.33%
- 6M
- 6.10%
- 1Y
- 17.08%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
APRB
- 1D
- -0.11%
- 1M
- 1.69%
- YTD
- 4.77%
- 6M
- 5.32%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
JULP vs. APRB - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
JULP PGIM S&P 500 Buffer 12 ETF - July | 5.33% | 2.67% |
APRB Aptus April Buffer ETF | 4.77% | 2.48% |
Correlation
The correlation between JULP and APRB is 0.90, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Oct 15, 2025 | 0.90 |
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Return for Risk
JULP vs. APRB — Risk / Return Rank
JULP
APRB
JULP vs. APRB - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for PGIM S&P 500 Buffer 12 ETF - July (JULP) and Aptus April Buffer ETF (APRB). 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.
| JULP | APRB | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.54 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 3.84 | — | — |
| Martin ratioReturn relative to average drawdown | 20.97 | — | — |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| JULP | APRB | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.59 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.38 | 2.00 | -0.62 |
Drawdowns
JULP vs. APRB - Drawdown Comparison
The maximum JULP drawdown since its inception was -12.36%, which is greater than APRB's maximum drawdown of -4.59%. Use the drawdown chart below to compare losses from any high point for JULP and APRB.
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Drawdown Indicators
| JULP | APRB | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -12.36% | -4.59% | -7.77% |
Max Drawdown (1Y)Largest decline over 1 year | -4.47% | — | — |
Current DrawdownCurrent decline from peak | -0.02% | -0.11% | +0.09% |
Average DrawdownAverage peak-to-trough decline | -1.09% | -0.74% | -0.35% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.82% | — | — |
Volatility
JULP vs. APRB - Volatility Comparison
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Volatility by Period
| JULP | APRB | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.06% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 4.87% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 6.65% | 5.98% | +0.67% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 9.77% | 5.98% | +3.79% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 9.77% | 5.98% | +3.79% |
JULP vs. APRB - Expense Ratio Comparison
JULP has a 0.50% expense ratio, which is higher than APRB's 0.25% expense ratio.
Dividends
JULP vs. APRB - Dividend Comparison
Neither JULP nor APRB has paid dividends to shareholders.
Frequently Asked Questions
JULP and APRB have a correlation of 0.90, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, APRB is cheaper at 0.25% per year. The better choice depends on whether you care most about return, fees, risk, or income.
APRB is cheaper with a 0.25% expense ratio, compared with 0.50% for JULP.
JULP and APRB have nearly identical dividend yields, around 0.00%.
They also come from different issuers: PGIM and Aptus Capital Advisors. Their fees differ too: 0.50% for JULP and 0.25% for APRB.
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