JUNW vs. APXM

Last updated Jun 4, 2026

JUNW (AllianzIM U.S. Equity Buffer20 Jun ETF) and APXM (FT Vest U.S. Equity Max Buffer ETF - April) are both Defined Outcome funds. Both are actively managed. Over the past year, JUNW returned 9.91% vs 5.49% for APXM. A 0.65 correlation means they provide meaningful diversification when combined. JUNW charges 0.74%/yr vs 0.85%/yr for APXM.

Performance

JUNW vs. APXM - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in AllianzIM U.S. Equity Buffer20 Jun ETF (JUNW) and FT Vest U.S. Equity Max Buffer ETF - April (APXM). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, JUNW achieves a 3.15% return, which is significantly higher than APXM's 2.11% return.

JUNW

• 1D: -0.19%
• 1M: 0.53%
• YTD: 3.15%
• 6M: 3.90%
• 1Y: 9.91%
• 3Y*: 10.79%
• 5Y*: —
• 10Y*: —

APXM

• 1D: -0.06%
• 1M: 0.79%
• YTD: 2.11%
• 6M: 2.59%
• 1Y: 5.49%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

JUNW vs. APXM - Yearly Performance Comparison

	2026 (YTD)	2025
JUNW AllianzIM U.S. Equity Buffer20 Jun ETF	3.15%	17.60%
APXM FT Vest U.S. Equity Max Buffer ETF - April	2.11%	5.40%

Correlation

The correlation between JUNW and APXM is 0.64, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.64
Correlation (All Time) Calculated using the full available price history since Apr 22, 2025	0.65

The correlation between JUNW and APXM has been stable across timeframes, ranging from 0.64 to 0.65 - a consistent structural relationship.

Return for Risk

JUNW vs. APXM — Risk / Return Rank

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

JUNW

JUNW Risk / Return Rank: 89
JUNW Sharpe Ratio Rank: 85
JUNW Sortino Ratio Rank: 91
JUNW Omega Ratio Rank: 93
JUNW Calmar Ratio Rank: 82
JUNW Martin Ratio Rank: 94

APXM

APXM Risk / Return Rank: 99
APXM Sharpe Ratio Rank: 98
APXM Sortino Ratio Rank: 99
APXM Omega Ratio Rank: 99
APXM Calmar Ratio Rank: 99
APXM Martin Ratio Rank: 99

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.

JUNW vs. APXM - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for AllianzIM U.S. Equity Buffer20 Jun ETF (JUNW) and FT Vest U.S. Equity Max Buffer ETF - April (APXM). 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.

	JUNW	APXM	Difference
Sharpe ratio Return per unit of total volatility	2.78	5.47	-2.69
Sortino ratio Return per unit of downside risk	4.35	10.56	-6.21
Omega ratio Gain probability vs. loss probability	1.64	2.60	-0.96
Calmar ratio Return relative to maximum drawdown	4.31	20.36	-16.05
Martin ratio Return relative to average drawdown	26.43	110.99	-84.56
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

JUNW vs. APXM - Sharpe Ratio Comparison

The current JUNW Sharpe Ratio is 2.78, which is lower than the APXM Sharpe Ratio of 5.47. The chart below compares the historical Sharpe Ratios of JUNW and APXM, 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

	JUNW	APXM	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.78	5.47	-2.69
Sharpe Ratio (All Time) Calculated using the full available price history	1.72	5.70	-3.98

Drawdowns

JUNW vs. APXM - Drawdown Comparison

The maximum JUNW drawdown since its inception was -8.57%, which is greater than APXM's maximum drawdown of -0.40%. Use the drawdown chart below to compare losses from any high point for JUNW and APXM.

Drawdown Indicators

	JUNW	APXM	Difference
Max Drawdown Largest peak-to-trough decline	-8.57%	-0.40%	-8.17%
Max Drawdown (1Y) Largest decline over 1 year	-2.31%	-0.27%	-2.04%
Max Drawdown (3Y) Largest decline over 3 years	-8.57%	—	—
Current Drawdown Current decline from peak	-0.19%	-0.06%	-0.13%
Average Drawdown Average peak-to-trough decline	-0.54%	-0.03%	-0.51%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.38%	0.05%	+0.33%

Volatility

JUNW vs. APXM - Volatility Comparison

The current volatility for AllianzIM U.S. Equity Buffer20 Jun ETF (JUNW) is 0.34%, while FT Vest U.S. Equity Max Buffer ETF - April (APXM) has a volatility of 0.42%. This indicates that JUNW experiences smaller price fluctuations and is considered to be less risky than APXM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	JUNW	APXM	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.34%	0.42%	-0.08%
Volatility (6M) Calculated over the trailing 6-month period	2.73%	0.78%	+1.95%
Volatility (1Y) Calculated over the trailing 1-year period	3.58%	1.01%	+2.57%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	6.41%	1.20%	+5.21%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	6.41%	1.20%	+5.21%

JUNW vs. APXM - Expense Ratio Comparison

JUNW has a 0.74% expense ratio, which is lower than APXM's 0.85% expense ratio.

Dividends

JUNW vs. APXM - Dividend Comparison

Neither JUNW nor APXM has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both JUNW and APXM in my portfolio?

JUNW and APXM have a correlation of 0.64, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, JUNW or APXM?

APXM has higher volatility (0.42%) compared to JUNW (0.34%). In terms of maximum drawdown, JUNW dropped -8.57% vs APXM's -0.40%.

Which ETF is better, JUNW or APXM?

On 1-year performance, JUNW leads with 9.91% vs 5.49% for APXM. On fees, JUNW is cheaper at 0.74% per year. Their volatility is very similar. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, JUNW or APXM?

Over the 1-year period, JUNW has performed better with a 9.91% return vs 5.49%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, JUNW or APXM?

JUNW is cheaper with a 0.74% expense ratio, compared with 0.85% for APXM.

Which ETF pays a higher dividend yield, JUNW or APXM?

JUNW and APXM have nearly identical dividend yields, around 0.00%.

What is the main difference between JUNW and APXM?

They also come from different issuers: Allianz and First Trust. Their fees differ too: 0.74% for JUNW and 0.85% for APXM.

Which has better risk-adjusted returns?

APXM currently has the higher Sharpe Ratio (5.47 vs 2.78), 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.