JUNZ vs. JULZ
JUNZ (TrueShares Structured Outcome (June) ETF) and JULZ (Trueshares Structured Outcome (July) ETF) are both exchange-traded funds - JUNZ is a Defined Outcome fund tracking the S&P 500 Price Return Index, while JULZ is a Options Trading fund tracking the Cboe S&P 500 Buffer Protect Index July. Both are passively managed. Over the past 5 years, JUNZ returned 9.14%/yr vs 10.38%/yr for JULZ. Their 0.99 correlation means they have historically moved very closely together. Both charge a 0.79% expense ratio.
Performance
JUNZ vs. JULZ - Performance Comparison
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Returns By Period
The year-to-date returns for both stocks are quite close, with JUNZ having a 7.74% return and JULZ slightly lower at 7.68%.
JUNZ
- 1D
- 0.59%
- 1M
- 0.24%
- 6M
- 6.65%
- YTD
- 7.74%
- 1Y
- 16.16%
- 3Y*
- 13.90%
- 5Y*
- 9.14%
- 10Y*
- —
- ALL TIME*
- 9.52%
JULZ
- 1D
- 0.70%
- 1M
- 0.26%
- 6M
- 6.68%
- YTD
- 7.68%
- 1Y
- 16.17%
- 3Y*
- 14.42%
- 5Y*
- 10.38%
- 10Y*
- —
- ALL TIME*
- 13.54%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $41.01K | $210.23K | $221.49K | |
| $20.04K | $26.94K | $122.11K |
JUNZ vs. JULZ - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
JUNZ TrueShares Structured Outcome (June) ETF | 7.74% | 12.83% | 17.32% | 17.28% | -12.97% | 9.87% |
JULZ Trueshares Structured Outcome (July) ETF | 7.68% | 13.23% | 18.76% | 17.65% | -9.34% | 9.94% |
Correlation
The correlation between JUNZ and JULZ is 0.99 - they have historically moved very closely together. At this level, their price movements offset little of one another.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.99 |
Correlation (3Y) Balances recent behavior with more history. | 0.99 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.99 |
Correlation (All Time) Calculated using the full available price history since Jun 1, 2021 | 0.99 |
The correlation between JUNZ and JULZ has been stable across timeframes, ranging from 0.99 to 0.99 - a consistent structural relationship.
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Return for Risk
JUNZ vs. JULZ — Risk / Return Rank
JUNZ
JULZ
JUNZ vs. JULZ - 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 (July) ETF (JULZ). 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.
| JUNZ | JULZ | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.07 | ||
| Sortino ratioReturn per unit of downside risk | +0.10 | ||
| Omega ratioGain probability vs. loss probability | 1.25 | 1.24 | +0.01 |
| Calmar ratioReturn relative to maximum drawdown | 1.81 | 1.74 | +0.06 |
| Martin ratioReturn relative to average drawdown | 7.56 | 7.00 | +0.56 |
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Drawdowns
JUNZ vs. JULZ - Drawdown Comparison
The maximum JUNZ drawdown since its inception was -17.88%, which is greater than JULZ's maximum drawdown of -14.71%. Use the drawdown chart below to compare losses from any high point for JUNZ and JULZ.
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Drawdown Indicators
| JUNZ | JULZ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -17.88% | -14.71% | -3.17% |
Max Drawdown (1Y)Largest decline over 1 year | -8.27% | -8.53% | +0.26% |
Max Drawdown (3Y)Largest decline over 3 years | -14.06% | -14.71% | +0.65% |
Max Drawdown (5Y)Largest decline over 5 years | -17.88% | -14.71% | -3.17% |
Current DrawdownCurrent decline from peak | -1.02% | -1.53% | +0.51% |
Average DrawdownAverage peak-to-trough decline | -4.18% | -2.95% | -1.23% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.97% | 2.12% | -0.15% |
Volatility
JUNZ vs. JULZ - Volatility Comparison
TrueShares Structured Outcome (June) ETF (JUNZ) and Trueshares Structured Outcome (July) ETF (JULZ) have volatilities of 2.66% and 2.74%, 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.
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Volatility by Period
| JUNZ | JULZ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.66% | 2.74% | -0.08% |
Volatility (6M)Calculated over the trailing 6-month period | 8.31% | 8.89% | -0.58% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.57% | 11.10% | -0.53% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 11.82% | 12.32% | -0.50% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 11.70% | 12.33% | -0.63% |
JUNZ vs. JULZ - Expense Ratio Comparison
Both JUNZ and JULZ have an expense ratio of 0.79%.
Dividends
JUNZ vs. JULZ - Dividend Comparison
JUNZ's dividend yield for the trailing twelve months is around 2.13%, less than JULZ's 11.11% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
JULZ Trueshares Structured Outcome (July) ETF | 11.11% | 11.96% | 3.30% | 3.59% | 0.07% | 0.00% |
JUNZ TrueShares Structured Outcome (June) ETF | 2.13% | 2.30% | 3.97% | 6.03% | 0.56% | 0.32% |
Frequently Asked Questions
With a correlation of 0.99, JUNZ and JULZ 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.
JULZ has higher volatility (2.74%) compared to JUNZ (2.66%). In terms of maximum drawdown, JUNZ dropped -17.88% vs JULZ's -14.71%.
On 5-year performance, JULZ leads with 10.38% vs 9.14% 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.
Over the 5-year period, JULZ has performed better with a 10.38% return vs 9.14%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
JUNZ and JULZ have the same expense ratio: 0.79% per year.
JULZ has the higher dividend yield at 11.11%, compared with 2.13% for JUNZ.
JUNZ is categorized as Defined Outcome, while JULZ is Options Trading. JUNZ tracks S&P 500 Price Return Index, while JULZ tracks Cboe S&P 500 Buffer Protect Index July.
JUNZ currently has the higher Sharpe Ratio (1.41 vs 1.34), 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.
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