JULT vs. ARLU

Last updated Jun 5, 2026

JULT (AllianzIM U.S. Large Cap Buffer10 Jul ETF) and ARLU (Allianzim U.S. Equity Buffer15 Uncapped Apr ETF) are both Options Trading funds from Allianz. Both are actively managed. Over the past year, JULT returned 18.33% vs 19.57% for ARLU. With a 0.96 correlation, they move nearly in lockstep. Both charge a 0.74% expense ratio.

Performance

JULT vs. ARLU - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in AllianzIM U.S. Large Cap Buffer10 Jul ETF (JULT) and Allianzim U.S. Equity Buffer15 Uncapped Apr ETF (ARLU). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, JULT achieves a 5.97% return, which is significantly lower than ARLU's 6.62% return.

JULT

• 1D: 0.07%
• 1M: 1.61%
• YTD: 5.97%
• 6M: 6.70%
• 1Y: 18.33%
• 3Y*: 16.19%
• 5Y*: 11.37%
• 10Y*: —

ARLU

• 1D: 0.20%
• 1M: 3.91%
• YTD: 6.62%
• 6M: 6.46%
• 1Y: 19.57%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

JULT vs. ARLU - Yearly Performance Comparison

	2026 (YTD)	2025	2024
JULT AllianzIM U.S. Large Cap Buffer10 Jul ETF	5.97%	13.73%	10.15%
ARLU Allianzim U.S. Equity Buffer15 Uncapped Apr ETF	6.62%	11.27%	9.00%

Correlation

The correlation between JULT and ARLU is 0.96 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.96
Correlation (All Time) Calculated using the full available price history since Apr 2, 2024	0.96

The correlation between JULT and ARLU has been stable across timeframes, ranging from 0.96 to 0.96 - a consistent structural relationship.

Return for Risk

JULT vs. ARLU — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

JULT

JULT Risk / Return Rank: 82
JULT Sharpe Ratio Rank: 80
JULT Sortino Ratio Rank: 84
JULT Omega Ratio Rank: 87
JULT Calmar Ratio Rank: 72
JULT Martin Ratio Rank: 88

ARLU

ARLU Risk / Return Rank: 50
ARLU Sharpe Ratio Rank: 52
ARLU Sortino Ratio Rank: 50
ARLU Omega Ratio Rank: 53
ARLU Calmar Ratio Rank: 42
ARLU Martin Ratio Rank: 54

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.

JULT vs. ARLU - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for AllianzIM U.S. Large Cap Buffer10 Jul ETF (JULT) and Allianzim U.S. Equity Buffer15 Uncapped Apr ETF (ARLU). 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.

	JULT	ARLU	Difference
Sharpe ratio: Return per unit of total volatility	2.55	1.77	+0.78
Sortino ratio: Return per unit of downside risk	3.72	2.42	+1.30
Omega ratio: Gain probability vs. loss probability	1.52	1.32	+0.20
Calmar ratio: Return relative to maximum drawdown	3.52	2.03	+1.49
Martin ratio: Return relative to average drawdown	18.94	9.11	+9.83
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

JULT vs. ARLU - Sharpe Ratio Comparison

The current JULT Sharpe Ratio is 2.55, which is higher than the ARLU Sharpe Ratio of 1.77. The chart below compares the historical Sharpe Ratios of JULT and ARLU, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	JULT	ARLU	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.55	1.77	+0.78
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	1.04	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.16	1.00	+0.15

Drawdowns

JULT vs. ARLU - Drawdown Comparison

The maximum JULT drawdown since its inception was -13.57%, smaller than the maximum ARLU drawdown of -15.38%. Use the drawdown chart below to compare losses from any high point for JULT and ARLU.

Drawdown Indicators

	JULT	ARLU	Difference
Max Drawdown Largest peak-to-trough decline	-13.57%	-15.38%	+1.81%
Max Drawdown (1Y) Largest decline over 1 year	-5.22%	-9.66%	+4.44%
Max Drawdown (3Y) Largest decline over 3 years	-13.57%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-13.57%	—	—
Current Drawdown Current decline from peak	0.00%	-0.34%	+0.34%
Average Drawdown Average peak-to-trough decline	-1.77%	-2.23%	+0.46%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.97%	2.15%	-1.18%

Volatility

JULT vs. ARLU - Volatility Comparison

The current volatility for AllianzIM U.S. Large Cap Buffer10 Jul ETF (JULT) is 0.59%, while Allianzim U.S. Equity Buffer15 Uncapped Apr ETF (ARLU) has a volatility of 2.56%. This indicates that JULT experiences smaller price fluctuations and is considered to be less risky than ARLU based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	JULT	ARLU	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.59%	2.56%	-1.97%
Volatility (6M) Calculated over the trailing 6-month period	5.25%	8.73%	-3.48%
Volatility (1Y) Calculated over the trailing 1-year period	7.23%	11.12%	-3.89%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	11.00%	12.55%	-1.55%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	10.48%	12.55%	-2.07%

JULT vs. ARLU - Expense Ratio Comparison

Both JULT and ARLU have an expense ratio of 0.74%.

Dividends

JULT vs. ARLU - Dividend Comparison

Neither JULT nor ARLU has paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020
ARLU Allianzim U.S. Equity Buffer15 Uncapped Apr ETF	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
JULT AllianzIM U.S. Large Cap Buffer10 Jul ETF	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	3.86%

Frequently Asked Questions

Can I hold both JULT and ARLU in my portfolio?

With a correlation of 0.96, JULT and ARLU 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.

Which is riskier, JULT or ARLU?

ARLU has higher volatility (2.56%) compared to JULT (0.59%). In terms of maximum drawdown, JULT dropped -13.57% vs ARLU's -15.38%.

Which ETF is better, JULT or ARLU?

On 1-year performance, ARLU leads with 19.57% vs 18.33% for JULT. Both ETFs have the same 0.74% expense ratio. On volatility, JULT has been the lower-risk option at 0.59%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, JULT or ARLU?

Over the 1-year period, ARLU has performed better with a 19.57% return vs 18.33%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, JULT or ARLU?

JULT and ARLU have the same expense ratio: 0.74% per year.

Which ETF pays a higher dividend yield, JULT or ARLU?

JULT and ARLU have nearly identical dividend yields, around 0.00%.

Which has better risk-adjusted returns?

JULT currently has the higher Sharpe Ratio (2.55 vs 1.77), 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.