JUNZ vs. MARZ
JUNZ (TrueShares Structured Outcome (June) ETF) and MARZ (TrueShares Structured Outcome (March) ETF) are both Defined Outcome funds from TrueShares - JUNZ tracks the S&P 500 Price Return Index while MARZ tracks the S&P 500 Price Index. Both are passively managed. Over the past 5 years, JUNZ returned 9.84%/yr vs 10.65%/yr for MARZ. With a 0.98 correlation, they move nearly in lockstep. Both charge a 0.79% expense ratio.
Performance
JUNZ vs. MARZ - Performance Comparison
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Returns By Period
In the year-to-date period, JUNZ achieves a 8.42% return, which is significantly higher than MARZ's 7.95% return.
JUNZ
- 1D
- -0.40%
- 1M
- 4.04%
- YTD
- 8.42%
- 6M
- 8.23%
- 1Y
- 21.10%
- 3Y*
- 16.22%
- 5Y*
- 9.84%
- 10Y*
- —
MARZ
- 1D
- -0.48%
- 1M
- 4.18%
- YTD
- 7.95%
- 6M
- 7.73%
- 1Y
- 20.32%
- 3Y*
- 16.16%
- 5Y*
- 10.65%
- 10Y*
- —
JUNZ vs. MARZ - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
JUNZ TrueShares Structured Outcome (June) ETF | 8.42% | 12.83% | 17.32% | 17.28% | -12.97% | 9.81% |
MARZ TrueShares Structured Outcome (March) ETF | 7.95% | 12.90% | 17.90% | 20.37% | -12.70% | 10.45% |
Correlation
The correlation between JUNZ and MARZ is 0.98 - 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 | 0.98 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.99 |
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 MARZ has been stable across timeframes, ranging from 0.98 to 0.99 - a consistent structural relationship.
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Return for Risk
JUNZ vs. MARZ — Risk / Return Rank
JUNZ
MARZ
JUNZ vs. MARZ - 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 (March) ETF (MARZ). 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 | MARZ | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.02 | ||
| Sortino ratioReturn per unit of downside risk | +0.05 | ||
| Omega ratioGain probability vs. loss probability | 1.38 | 1.38 | 0.00 |
| Calmar ratioReturn relative to maximum drawdown | 2.56 | 2.74 | -0.18 |
| Martin ratioReturn relative to average drawdown | 11.27 | 11.85 | -0.57 |
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
| JUNZ | MARZ | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.12 | 2.10 | +0.02 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.84 | 0.87 | -0.03 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.85 | 0.94 | -0.09 |
Drawdowns
JUNZ vs. MARZ - Drawdown Comparison
The maximum JUNZ drawdown since its inception was -17.88%, smaller than the maximum MARZ drawdown of -18.89%. Use the drawdown chart below to compare losses from any high point for JUNZ and MARZ.
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Drawdown Indicators
| JUNZ | MARZ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -17.88% | -18.89% | +1.01% |
Max Drawdown (1Y)Largest decline over 1 year | -8.27% | -7.45% | -0.82% |
Max Drawdown (3Y)Largest decline over 3 years | -14.06% | -14.84% | +0.78% |
Max Drawdown (5Y)Largest decline over 5 years | -17.88% | -18.89% | +1.01% |
Current DrawdownCurrent decline from peak | -0.40% | -0.48% | +0.08% |
Average DrawdownAverage peak-to-trough decline | -4.27% | -4.02% | -0.25% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.88% | 1.72% | +0.16% |
Volatility
JUNZ vs. MARZ - Volatility Comparison
TrueShares Structured Outcome (June) ETF (JUNZ) has a higher volatility of 2.45% compared to TrueShares Structured Outcome (March) ETF (MARZ) at 2.33%. This indicates that JUNZ's price experiences larger fluctuations and is considered to be riskier than MARZ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| JUNZ | MARZ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.45% | 2.33% | +0.12% |
Volatility (6M)Calculated over the trailing 6-month period | 7.85% | 7.46% | +0.39% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.01% | 9.71% | +0.30% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 11.74% | 12.29% | -0.55% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 11.73% | 12.20% | -0.47% |
JUNZ vs. MARZ - Expense Ratio Comparison
Both JUNZ and MARZ have an expense ratio of 0.79%.
Dividends
JUNZ vs. MARZ - Dividend Comparison
JUNZ's dividend yield for the trailing twelve months is around 2.12%, less than MARZ's 3.06% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
JUNZ TrueShares Structured Outcome (June) ETF | 2.12% | 2.30% | 3.97% | 6.03% | 0.56% | 0.32% |
MARZ TrueShares Structured Outcome (March) ETF | 3.06% | 3.30% | 4.55% | 7.33% | 0.78% | 2.43% |
Frequently Asked Questions
With a correlation of 0.98, JUNZ and MARZ 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.
JUNZ has higher volatility (2.45%) compared to MARZ (2.33%). In terms of maximum drawdown, JUNZ dropped -17.88% vs MARZ's -18.89%.
On 5-year performance, MARZ leads with 10.65% vs 9.84% for JUNZ. Both ETFs have the same 0.79% expense ratio. On volatility, MARZ has been the lower-risk option at 2.33%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, MARZ has performed better with a 10.65% return vs 9.84%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
JUNZ and MARZ have the same expense ratio: 0.79% per year.
MARZ has the higher dividend yield at 3.06%, compared with 2.12% for JUNZ.
JUNZ tracks S&P 500 Price Return Index, while MARZ tracks S&P 500 Price Index.
JUNZ currently has the higher Sharpe Ratio (2.12 vs 2.10), 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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