JULT vs. IVVM

Last updated Aug 2, 2026

JULT (AllianzIM U.S. Large Cap Buffer10 Jul ETF) and IVVM (iShares Large Cap Moderate Buffer ETF) are both Options Trading funds. Both are actively managed. Over the past 3 years, JULT returned 14.12%/yr vs 13.47%/yr for IVVM. Their correlation of 0.92 means they have usually moved in the same direction. JULT charges 0.74%/yr vs 0.50%/yr for IVVM.

Performance

JULT vs. IVVM - 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 iShares Large Cap Moderate Buffer ETF (IVVM). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

The year-to-date returns for both investments are quite close, with JULT having a 6.69% return and IVVM slightly higher at 6.70%.

JULT

• 1D: 0.48%
• 1M: 0.40%
• 6M: 5.80%
• YTD: 6.69%
• 1Y: 14.13%
• 3Y*: 14.12%
• 5Y*: 11.27%
• 10Y*: —
• ALL TIME*: 11.89%

IVVM

• 1D: 0.57%
• 1M: 0.51%
• 6M: 5.79%
• YTD: 6.70%
• 1Y: 14.40%
• 3Y*: 13.47%
• 5Y*: —
• 10Y*: —
• ALL TIME*: 13.75%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
IVVM iShares Large Cap Moderate Buffer ETF	$740.71K	$781.13K	$703.06K
JULT AllianzIM U.S. Large Cap Buffer10 Jul ETF	$809.92K	$2.14M	$1.31M

JULT vs. IVVM - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
JULT AllianzIM U.S. Large Cap Buffer10 Jul ETF	6.69%	13.73%	17.43%	7.87%
IVVM iShares Large Cap Moderate Buffer ETF	6.70%	14.24%	16.08%	5.17%

Correlation

The correlation between JULT and IVVM is 0.94, meaning they have usually moved in the same direction, including during past declines.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.94
Correlation (3Y) Balances recent behavior with more history.	0.92
Correlation (All Time) Calculated using the full available price history since Jun 30, 2023	0.92

The correlation between JULT and IVVM has been stable across timeframes, ranging from 0.92 to 0.94 - a consistent structural relationship.

Return for Risk

JULT vs. IVVM — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

JULT

JULT Risk / Return Rank: 81
JULT Sharpe Ratio Rank: 80
JULT Sortino Ratio Rank: 82
JULT Omega Ratio Rank: 85
JULT Calmar Ratio Rank: 71
JULT Martin Ratio Rank: 88

IVVM

IVVM Risk / Return Rank: 79
IVVM Sharpe Ratio Rank: 78
IVVM Sortino Ratio Rank: 79
IVVM Omega Ratio Rank: 82
IVVM Calmar Ratio Rank: 71
IVVM Martin Ratio Rank: 85

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

JULT vs. IVVM - 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 iShares Large Cap Moderate Buffer ETF (IVVM). 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.

	JULT	IVVM	Difference
Sharpe ratio: Return per unit of total volatility	1.86	1.78	+0.08
Sortino ratio: Return per unit of downside risk	2.70	2.55	+0.15
Omega ratio: Gain probability vs. loss probability	1.37	1.35	+0.02
Calmar ratio: Return relative to maximum drawdown	2.51	2.49	+0.02
Martin ratio: Return relative to average drawdown	13.26	12.04	+1.21

JULT vs. IVVM - Sharpe Ratio Comparison

The current JULT Sharpe Ratio is 1.86, which is comparable to the IVVM Sharpe Ratio of 1.78. The chart below compares the historical Sharpe Ratios of JULT and IVVM, 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

JULT vs. IVVM - Drawdown Comparison

The maximum JULT drawdown since its inception was -13.57%, which is greater than IVVM's maximum drawdown of -11.62%. Use the drawdown chart below to compare losses from any high point for JULT and IVVM.

Drawdown Indicators

	JULT	IVVM	Difference
Max Drawdown Largest peak-to-trough decline	-13.57%	-11.62%	-1.95%
Max Drawdown (1Y) Largest decline over 1 year	-5.22%	-5.31%	+0.09%
Max Drawdown (3Y) Largest decline over 3 years	-13.57%	-11.62%	-1.95%
Max Drawdown (5Y) Largest decline over 5 years	-13.57%	—	—
Current Drawdown Current decline from peak	-0.46%	-0.40%	-0.06%
Average Drawdown Average peak-to-trough decline	-1.74%	-0.90%	-0.84%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.99%	1.10%	-0.11%

Volatility

JULT vs. IVVM - Volatility Comparison

AllianzIM U.S. Large Cap Buffer10 Jul ETF (JULT) has a higher volatility of 2.29% compared to iShares Large Cap Moderate Buffer ETF (IVVM) at 2.14%. This indicates that JULT's price experiences larger fluctuations and is considered to be riskier than IVVM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	JULT	IVVM	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.29%	2.14%	+0.15%
Volatility (6M) Calculated over the trailing 6-month period	5.43%	5.77%	-0.34%
Volatility (1Y) Calculated over the trailing 1-year period	7.04%	7.42%	-0.38%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	11.01%	9.50%	+1.51%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	10.39%	9.50%	+0.89%

JULT vs. IVVM - Expense Ratio Comparison

JULT has a 0.74% expense ratio, which is higher than IVVM's 0.50% expense ratio.

Dividends

JULT vs. IVVM - Dividend Comparison

JULT has not paid dividends to shareholders, while IVVM's dividend yield for the trailing twelve months is around 0.64%.

Position	TTM	2025	2024	2023	2022	2021	2020
IVVM iShares Large Cap Moderate Buffer ETF	0.64%	0.68%	0.62%	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 IVVM in my portfolio?

With a correlation of 0.94, JULT and IVVM 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 IVVM?

JULT has higher volatility (2.29%) compared to IVVM (2.14%). In terms of maximum drawdown, JULT dropped -13.57% vs IVVM's -11.62%.

Which ETF is better, JULT or IVVM?

On 3-year performance, JULT leads with 14.12% vs 13.47% for IVVM. On fees, IVVM is cheaper at 0.50% per year. On volatility, IVVM has been the lower-risk option at 2.14%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, JULT or IVVM?

Over the 3-year period, JULT has performed better with a 14.12% return vs 13.47%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, JULT or IVVM?

IVVM is cheaper with a 0.50% expense ratio, compared with 0.74% for JULT.

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

IVVM has the higher dividend yield at 0.64%, compared with 0.00% for JULT.

What is the main difference between JULT and IVVM?

They also come from different issuers: Allianz and iShares. Their fees differ too: 0.74% for JULT and 0.50% for IVVM.

Which has better risk-adjusted returns?

JULT currently has the higher Sharpe Ratio (1.86 vs 1.78), 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.