KAT vs. DJUN

Last updated Jul 17, 2026

KAT (Scharf ETF) and DJUN (FT Cboe Vest U.S. Equity Deep Buffer ETF - June) are both exchange-traded funds - KAT is a Large Cap Blend Equities fund actively managed by Scharf Investments, while DJUN is a Defined Outcome fund tracking the Cboe S&P 500 30% (-5% to -35%) Buffer Protect June Series Index. KAT is actively managed, while DJUN is passively managed. At a 0.49 correlation, their price movements are largely independent. KAT charges 0.75%/yr vs 0.85%/yr for DJUN.

Performance

KAT vs. DJUN - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Scharf ETF (KAT) and FT Cboe Vest U.S. Equity Deep Buffer ETF - June (DJUN). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, KAT achieves a 1.97% return, which is significantly lower than DJUN's 4.50% return.

KAT

• 1D: 0.56%
• 1M: 1.44%
• 6M: -0.06%
• YTD: 1.97%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

DJUN

• 1D: -0.25%
• 1M: 0.51%
• 6M: 4.06%
• YTD: 4.50%
• 1Y: 9.52%
• 3Y*: 10.74%
• 5Y*: 8.10%
• 10Y*: —

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

KAT vs. DJUN - Yearly Performance Comparison

	2026 (YTD)	2025
KAT Scharf ETF	1.97%	0.85%
DJUN FT Cboe Vest U.S. Equity Deep Buffer ETF - June	4.50%	3.12%

Correlation

The correlation between KAT and DJUN is 0.49, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (All Time) Calculated using the full available price history since Aug 25, 2025	0.49

Return for Risk

KAT vs. DJUN — Risk / Return Rank

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

KAT

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

DJUN

DJUN Risk / Return Rank: 86
DJUN Sharpe Ratio Rank: 83
DJUN Sortino Ratio Rank: 88
DJUN Omega Ratio Rank: 91
DJUN Calmar Ratio Rank: 75
DJUN Martin Ratio Rank: 93

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.

KAT vs. DJUN - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Scharf ETF (KAT) and FT Cboe Vest U.S. Equity Deep Buffer ETF - June (DJUN). 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.

	KAT	DJUN	Difference
Sharpe ratio: Return per unit of total volatility	—	2.13	—
Sortino ratio: Return per unit of downside risk	—	3.26	—
Omega ratio: Gain probability vs. loss probability	—	1.48	—
Calmar ratio: Return relative to maximum drawdown	—	3.06	—
Martin ratio: Return relative to average drawdown	—	18.46	—

Drawdowns

KAT vs. DJUN - Drawdown Comparison

The maximum KAT drawdown since its inception was -9.25%, smaller than the maximum DJUN drawdown of -11.96%. Use the drawdown chart below to compare losses from any high point for KAT and DJUN.

Drawdown Indicators

	KAT	DJUN	Difference
Max Drawdown Largest peak-to-trough decline	-9.25%	-11.96%	+2.71%
Max Drawdown (1Y) Largest decline over 1 year	—	-3.15%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-11.96%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-11.96%	—
Current Drawdown Current decline from peak	-3.46%	-0.25%	-3.21%
Average Drawdown Average peak-to-trough decline	-3.46%	-1.56%	-1.90%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	0.52%	—

Volatility

Volatility by Period

	KAT	DJUN	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	1.44%	—
Volatility (6M) Calculated over the trailing 6-month period	—	3.74%	—
Volatility (1Y) Calculated over the trailing 1-year period	10.55%	4.52%	+6.03%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	10.55%	8.53%	+2.02%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	10.55%	8.00%	+2.55%

KAT vs. DJUN - Expense Ratio Comparison

KAT has a 0.75% expense ratio, which is lower than DJUN's 0.85% expense ratio.

Dividends

KAT vs. DJUN - Dividend Comparison

KAT's dividend yield for the trailing twelve months is around 0.08%, while DJUN has not paid dividends to shareholders.

Position	TTM
DJUN FT Cboe Vest U.S. Equity Deep Buffer ETF - June	0.00%
KAT Scharf ETF	0.08%

Frequently Asked Questions

Can I hold both KAT and DJUN in my portfolio?

KAT and DJUN have a correlation of 0.49, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, KAT or DJUN?

On fees, KAT is cheaper at 0.75% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, KAT or DJUN?

KAT is cheaper with a 0.75% expense ratio, compared with 0.85% for DJUN.

Which ETF pays a higher dividend yield, KAT or DJUN?

KAT has the higher dividend yield at 0.08%, compared with 0.00% for DJUN.

What is the main difference between KAT and DJUN?

KAT is categorized as Large Cap Blend Equities, while DJUN is Defined Outcome. They also come from different issuers: Scharf Investments and First Trust. Their fees differ too: 0.75% for KAT and 0.85% for DJUN.