JUNZ vs. DECZ

Last updated Jun 3, 2026

JUNZ (TrueShares Structured Outcome (June) ETF) and DECZ (TrueShares Structured Outcome (December) ETF) are both Defined Outcome funds from TrueShares - JUNZ tracks the S&P 500 Price Return Index while DECZ tracks the S&P 500. Both are passively managed. Over the past 5 years, JUNZ returned 10.07%/yr vs 11.48%/yr for DECZ. With a 0.98 correlation, they move nearly in lockstep. Both charge a 0.79% expense ratio.

Performance

JUNZ vs. DECZ - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in TrueShares Structured Outcome (June) ETF (JUNZ) and TrueShares Structured Outcome (December) ETF (DECZ). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

The year-to-date returns for both stocks are quite close, with JUNZ having a 8.85% return and DECZ slightly lower at 8.72%.

JUNZ

• 1D: 0.10%
• 1M: 4.10%
• YTD: 8.85%
• 6M: 9.06%
• 1Y: 22.21%
• 3Y*: 16.37%
• 5Y*: 10.07%
• 10Y*: —

DECZ

• 1D: 0.15%
• 1M: 4.24%
• YTD: 8.72%
• 6M: 8.83%
• 1Y: 21.38%
• 3Y*: 16.49%
• 5Y*: 11.48%
• 10Y*: —

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

JUNZ vs. DECZ - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
JUNZ TrueShares Structured Outcome (June) ETF	8.85%	12.83%	17.32%	17.28%	-12.97%	9.81%
DECZ TrueShares Structured Outcome (December) ETF	8.72%	12.34%	18.89%	18.32%	-8.93%	9.89%

Correlation

The correlation between JUNZ and DECZ is 0.97 - 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	0.97
Correlation (3Y) Calculated over the trailing 3-year period	0.98
Correlation (5Y) Calculated over the trailing 5-year period	0.98
Correlation (All Time) Calculated using the full available price history since Jun 2, 2021	0.98

The correlation between JUNZ and DECZ has been stable across timeframes, ranging from 0.97 to 0.98 - a consistent structural relationship.

JUNZ vs. DECZ - Sectors Allocation Comparison

Sectors	JUNZ	DECZ
Technology	32.7%	35.3%
Financial Services	13.7%	13.4%
Healthcare	10.7%	8.8%
Consumer Cyclical	10.7%	10.6%
Communication Services	9.5%	9.9%
Industrials	7.3%	7.8%
Consumer Defensive	5.8%	5.2%
Energy	3.2%	3.0%
Utilities	2.6%	2.5%
Real Estate	2.2%	2.0%
Basic Materials	1.8%	1.6%

Return for Risk

JUNZ vs. DECZ — Risk / Return Rank

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

JUNZ

JUNZ Risk / Return Rank: 63
JUNZ Sharpe Ratio Rank: 66
JUNZ Sortino Ratio Rank: 66
JUNZ Omega Ratio Rank: 65
JUNZ Calmar Ratio Rank: 54
JUNZ Martin Ratio Rank: 65

DECZ

DECZ Risk / Return Rank: 64
DECZ Sharpe Ratio Rank: 67
DECZ Sortino Ratio Rank: 67
DECZ Omega Ratio Rank: 66
DECZ Calmar Ratio Rank: 57
DECZ Martin Ratio Rank: 65

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.

JUNZ vs. DECZ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for TrueShares Structured Outcome (June) ETF (JUNZ) and TrueShares Structured Outcome (December) ETF (DECZ). 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.

	JUNZ	DECZ	Difference
Sharpe ratio Return per unit of total volatility	2.23	2.25	-0.02
Sortino ratio Return per unit of downside risk	3.10	3.15	-0.05
Omega ratio Gain probability vs. loss probability	1.40	1.41	-0.01
Calmar ratio Return relative to maximum drawdown	2.73	2.87	-0.14
Martin ratio Return relative to average drawdown	12.04	12.13	-0.09
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

JUNZ vs. DECZ - Sharpe Ratio Comparison

The current JUNZ Sharpe Ratio is 2.23, which is comparable to the DECZ Sharpe Ratio of 2.25. The chart below compares the historical Sharpe Ratios of JUNZ and DECZ, 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

	JUNZ	DECZ	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.23	2.25	-0.02
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.86	0.92	-0.05
Sharpe Ratio (All Time) Calculated using the full available price history	0.86	1.01	-0.15

Drawdowns

JUNZ vs. DECZ - Drawdown Comparison

The maximum JUNZ drawdown since its inception was -17.88%, which is greater than DECZ's maximum drawdown of -16.57%. Use the drawdown chart below to compare losses from any high point for JUNZ and DECZ.

Drawdown Indicators

	JUNZ	DECZ	Difference
Max Drawdown Largest peak-to-trough decline	-17.88%	-16.57%	-1.31%
Max Drawdown (1Y) Largest decline over 1 year	-8.27%	-7.53%	-0.74%
Max Drawdown (3Y) Largest decline over 3 years	-14.06%	-14.24%	+0.18%
Max Drawdown (5Y) Largest decline over 5 years	-17.88%	-16.57%	-1.31%
Current Drawdown Current decline from peak	0.00%	0.00%	0.00%
Average Drawdown Average peak-to-trough decline	-4.28%	-3.07%	-1.21%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.88%	1.78%	+0.10%

Volatility

JUNZ vs. DECZ - Volatility Comparison

TrueShares Structured Outcome (June) ETF (JUNZ) and TrueShares Structured Outcome (December) ETF (DECZ) have volatilities of 2.44% and 2.44%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	JUNZ	DECZ	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.44%	2.44%	0.00%
Volatility (6M) Calculated over the trailing 6-month period	7.86%	7.18%	+0.68%
Volatility (1Y) Calculated over the trailing 1-year period	10.00%	9.55%	+0.45%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	11.74%	12.59%	-0.85%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	11.74%	12.40%	-0.66%

JUNZ vs. DECZ - Expense Ratio Comparison

Both JUNZ and DECZ have an expense ratio of 0.79%.

Dividends

JUNZ vs. DECZ - Dividend Comparison

JUNZ's dividend yield for the trailing twelve months is around 2.11%, less than DECZ's 3.01% yield.

Position	TTM	2025	2024	2023	2022	2021
DECZ TrueShares Structured Outcome (December) ETF	3.01%	3.28%	2.55%	1.23%	1.44%	0.46%
JUNZ TrueShares Structured Outcome (June) ETF	2.11%	2.30%	3.97%	6.03%	0.56%	0.32%

Frequently Asked Questions

Can I hold both JUNZ and DECZ in my portfolio?

With a correlation of 0.97, JUNZ and DECZ 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, JUNZ or DECZ?

DECZ has higher volatility (2.44%) compared to JUNZ (2.44%). In terms of maximum drawdown, JUNZ dropped -17.88% vs DECZ's -16.57%.

Which ETF is better, JUNZ or DECZ?

On 5-year performance, DECZ leads with 11.48% vs 10.07% for JUNZ. Both ETFs have the same 0.79% expense ratio. 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, JUNZ or DECZ?

Over the 5-year period, DECZ has performed better with a 11.48% return vs 10.07%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, JUNZ or DECZ?

JUNZ and DECZ have the same expense ratio: 0.79% per year.

Which ETF pays a higher dividend yield, JUNZ or DECZ?

DECZ has the higher dividend yield at 3.01%, compared with 2.11% for JUNZ.

What is the main difference between JUNZ and DECZ?

JUNZ tracks S&P 500 Price Return Index, while DECZ tracks S&P 500.

Which has better risk-adjusted returns?

DECZ currently has the higher Sharpe Ratio (2.25 vs 2.23), 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.