JULZ vs. APRZ
Compare and contrast key facts about Trueshares Structured Outcome (July) ETF (JULZ) and TrueShares Structured Outcome (April) ETF (APRZ).
JULZ and APRZ are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. JULZ is a passively managed fund by TrueShares that tracks the performance of the Cboe S&P 500 Buffer Protect Index July. It was launched on Jun 30, 2020. APRZ is a passively managed fund by TrueShares that tracks the performance of the S&P 500 Price Return Index. It was launched on Mar 31, 2021. Both JULZ and APRZ are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Performance
JULZ vs. APRZ - Performance Comparison
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JULZ vs. APRZ - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
JULZ Trueshares Structured Outcome (July) ETF | -4.68% | 13.23% | 18.76% | 17.65% | -9.34% | 14.26% |
APRZ TrueShares Structured Outcome (April) ETF | -4.60% | 12.97% | 18.46% | 22.23% | -11.43% | 13.37% |
Returns By Period
The year-to-date returns for both investments are quite close, with JULZ having a -4.68% return and APRZ slightly higher at -4.60%.
JULZ
- 1D
- 2.26%
- 1M
- -4.57%
- YTD
- -4.68%
- 6M
- -3.09%
- 1Y
- 11.99%
- 3Y*
- 12.93%
- 5Y*
- 9.33%
- 10Y*
- —
APRZ
- 1D
- 2.70%
- 1M
- -4.50%
- YTD
- -4.60%
- 6M
- -2.90%
- 1Y
- 12.03%
- 3Y*
- 12.89%
- 5Y*
- —
- 10Y*
- —
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JULZ vs. APRZ - Expense Ratio Comparison
Both JULZ and APRZ have an expense ratio of 0.79%.
Return for Risk
JULZ vs. APRZ — Risk / Return Rank
JULZ
APRZ
JULZ vs. APRZ - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Trueshares Structured Outcome (July) ETF (JULZ) and TrueShares Structured Outcome (April) ETF (APRZ). 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.
| JULZ | APRZ | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.86 | 0.81 | +0.04 |
Sortino ratioReturn per unit of downside risk | 1.32 | 1.26 | +0.06 |
Omega ratioGain probability vs. loss probability | 1.19 | 1.18 | 0.00 |
Calmar ratioReturn relative to maximum drawdown | 1.35 | 1.29 | +0.06 |
Martin ratioReturn relative to average drawdown | 5.61 | 5.37 | +0.24 |
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
| JULZ | APRZ | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.86 | 0.81 | +0.04 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.77 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.97 | 0.76 | +0.22 |
Correlation
The correlation between JULZ and APRZ is 0.99, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Dividends
JULZ vs. APRZ - Dividend Comparison
JULZ's dividend yield for the trailing twelve months is around 12.55%, more than APRZ's 3.52% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
JULZ Trueshares Structured Outcome (July) ETF | 12.55% | 11.96% | 3.30% | 3.59% | 0.07% |
APRZ TrueShares Structured Outcome (April) ETF | 3.52% | 3.35% | 2.78% | 2.89% | 0.59% |
Drawdowns
JULZ vs. APRZ - Drawdown Comparison
The maximum JULZ drawdown since its inception was -14.71%, smaller than the maximum APRZ drawdown of -18.15%. Use the drawdown chart below to compare losses from any high point for JULZ and APRZ.
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Drawdown Indicators
| JULZ | APRZ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -14.71% | -18.15% | +3.44% |
Max Drawdown (1Y)Largest decline over 1 year | -9.10% | -9.65% | +0.55% |
Max Drawdown (5Y)Largest decline over 5 years | -14.71% | — | — |
Current DrawdownCurrent decline from peak | -6.46% | -6.39% | -0.07% |
Average DrawdownAverage peak-to-trough decline | -3.04% | -3.72% | +0.68% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.20% | 2.32% | -0.12% |
Volatility
JULZ vs. APRZ - Volatility Comparison
The current volatility for Trueshares Structured Outcome (July) ETF (JULZ) is 4.42%, while TrueShares Structured Outcome (April) ETF (APRZ) has a volatility of 4.85%. This indicates that JULZ experiences smaller price fluctuations and is considered to be less risky than APRZ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| JULZ | APRZ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.42% | 4.85% | -0.43% |
Volatility (6M)Calculated over the trailing 6-month period | 8.13% | 8.46% | -0.33% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.04% | 14.85% | -0.81% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 12.18% | 12.51% | -0.33% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 12.36% | 12.51% | -0.15% |