JULP vs. JULB
JULP (PGIM S&P 500 Buffer 12 ETF - July) and JULB (Aptus July Buffer ETF) are both Defined Outcome funds. Both are actively managed. Their correlation of 0.92 suggests significant overlap in exposure. JULP charges 0.50%/yr vs 0.25%/yr for JULB.
Performance
JULP vs. JULB - Performance Comparison
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Returns By Period
In the year-to-date period, JULP achieves a 5.62% return, which is significantly lower than JULB's 6.38% return.
JULP
- 1D
- -0.08%
- 1M
- 1.15%
- YTD
- 5.62%
- 6M
- 5.39%
- 1Y
- 16.35%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
JULB
- 1D
- -0.37%
- 1M
- 0.61%
- YTD
- 6.38%
- 6M
- 6.05%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
JULP vs. JULB - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
JULP PGIM S&P 500 Buffer 12 ETF - July | 5.62% | 2.49% |
JULB Aptus July Buffer ETF | 6.38% | 2.44% |
Correlation
The correlation between JULP and JULB is 0.92, 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 14, 2025 | 0.92 |
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Return for Risk
JULP vs. JULB — Risk / Return Rank
JULP
JULB
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
JULP vs. JULB - 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 July Buffer ETF (JULB). 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.
| JULP | JULB | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.55 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 3.68 | — | — |
| Martin ratioReturn relative to average drawdown | 20.32 | — | — |
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Drawdowns
JULP vs. JULB - Drawdown Comparison
The maximum JULP drawdown since its inception was -12.36%, which is greater than JULB's maximum drawdown of -5.24%. Use the drawdown chart below to compare losses from any high point for JULP and JULB.
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Drawdown Indicators
| JULP | JULB | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -12.36% | -5.24% | -7.12% |
Max Drawdown (1Y)Largest decline over 1 year | -4.47% | — | — |
Current DrawdownCurrent decline from peak | -0.08% | -0.43% | +0.35% |
Average DrawdownAverage peak-to-trough decline | -1.06% | -0.83% | -0.23% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.81% | — | — |
Volatility
JULP vs. JULB - Volatility Comparison
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Volatility by Period
| JULP | JULB | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.01% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 4.83% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 6.33% | 6.84% | -0.51% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 9.65% | 6.84% | +2.81% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 9.65% | 6.84% | +2.81% |
JULP vs. JULB - Expense Ratio Comparison
JULP has a 0.50% expense ratio, which is higher than JULB's 0.25% expense ratio.
Dividends
JULP vs. JULB - Dividend Comparison
Neither JULP nor JULB has paid dividends to shareholders.
Frequently Asked Questions
With a correlation of 0.92, JULP and JULB move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
On fees, JULB is cheaper at 0.25% per year. The better choice depends on whether you care most about return, fees, risk, or income.
JULB is cheaper with a 0.25% expense ratio, compared with 0.50% for JULP.
JULP and JULB 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 JULB.
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