MARZ vs. JULB

Last updated Jun 4, 2026

MARZ (TrueShares Structured Outcome (March) ETF) and JULB (Aptus July Buffer ETF) are both Defined Outcome funds. MARZ is passively managed, while JULB is actively managed. Their correlation of 0.95 suggests significant overlap in exposure. MARZ charges 0.79%/yr vs 0.25%/yr for JULB.

Performance

MARZ vs. JULB - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in TrueShares Structured Outcome (March) ETF (MARZ) and Aptus July Buffer ETF (JULB). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, MARZ achieves a 7.95% return, which is significantly higher than JULB's 6.35% return.

MARZ

• 1D: -0.48%
• 1M: 4.18%
• YTD: 7.95%
• 6M: 7.73%
• 1Y: 20.32%
• 3Y*: 16.16%
• 5Y*: 10.65%
• 10Y*: —

JULB

• 1D: -0.07%
• 1M: 2.40%
• YTD: 6.35%
• 6M: 6.93%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

MARZ vs. JULB - Yearly Performance Comparison

	2026 (YTD)	2025
MARZ TrueShares Structured Outcome (March) ETF	7.95%	2.22%
JULB Aptus July Buffer ETF	6.35%	2.56%

Correlation

The correlation between MARZ and JULB is 0.95, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (All Time) Calculated using the full available price history since Oct 15, 2025	0.95

Return for Risk

MARZ vs. JULB — Risk / Return Rank

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

MARZ

MARZ Risk / Return Rank: 62
MARZ Sharpe Ratio Rank: 63
MARZ Sortino Ratio Rank: 63
MARZ Omega Ratio Rank: 62
MARZ Calmar Ratio Rank: 56
MARZ 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.

MARZ vs. JULB - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for TrueShares Structured Outcome (March) ETF (MARZ) and Aptus July Buffer ETF (JULB). 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.

	MARZ	JULB	Difference
Sharpe ratio Return per unit of total volatility	2.10	—	—
Sortino ratio Return per unit of downside risk	2.91	—	—
Omega ratio Gain probability vs. loss probability	1.38	—	—
Calmar ratio Return relative to maximum drawdown	2.74	—	—
Martin ratio Return relative to average drawdown	11.85	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	MARZ	JULB	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.10	—	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.87	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.94	2.17	-1.23

Drawdowns

MARZ vs. JULB - Drawdown Comparison

The maximum MARZ drawdown since its inception was -18.89%, which is greater than JULB's maximum drawdown of -5.24%. Use the drawdown chart below to compare losses from any high point for MARZ and JULB.

Drawdown Indicators

	MARZ	JULB	Difference
Max Drawdown Largest peak-to-trough decline	-18.89%	-5.24%	-13.65%
Max Drawdown (1Y) Largest decline over 1 year	-7.45%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-14.84%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-18.89%	—	—
Current Drawdown Current decline from peak	-0.48%	-0.07%	-0.41%
Average Drawdown Average peak-to-trough decline	-4.02%	-0.87%	-3.15%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.72%	—	—

Volatility

Volatility by Period

	MARZ	JULB	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.33%	—	—
Volatility (6M) Calculated over the trailing 6-month period	7.46%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	9.71%	6.81%	+2.90%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	12.29%	6.81%	+5.48%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	12.20%	6.81%	+5.39%

MARZ vs. JULB - Expense Ratio Comparison

MARZ has a 0.79% expense ratio, which is higher than JULB's 0.25% expense ratio.

Dividends

MARZ vs. JULB - Dividend Comparison

MARZ's dividend yield for the trailing twelve months is around 3.06%, while JULB has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021
JULB Aptus July Buffer ETF	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
MARZ TrueShares Structured Outcome (March) ETF	3.06%	3.30%	4.55%	7.33%	0.78%	2.43%

Frequently Asked Questions

Can I hold both MARZ and JULB in my portfolio?

With a correlation of 0.95, MARZ and JULB 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 ETF is better, MARZ or JULB?

On fees, JULB is cheaper at 0.25% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, MARZ or JULB?

JULB is cheaper with a 0.25% expense ratio, compared with 0.79% for MARZ.

Which ETF pays a higher dividend yield, MARZ or JULB?

MARZ has the higher dividend yield at 3.06%, compared with 0.00% for JULB.

What is the main difference between MARZ and JULB?

They also come from different issuers: TrueShares and Aptus Capital Advisors. Their fees differ too: 0.79% for MARZ and 0.25% for JULB.