OCTM vs. JULB

Last updated Aug 1, 2026

OCTM (FT Vest U.S. Equity Max Buffer ETF - October) and JULB (Aptus July Buffer ETF) are both Defined Outcome funds. Both are actively managed. Their correlation of 0.92 means they have usually moved in the same direction. OCTM charges 0.85%/yr vs 0.25%/yr for JULB.

Performance

OCTM vs. JULB - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in FT Vest U.S. Equity Max Buffer ETF - October (OCTM) 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, OCTM achieves a 3.53% return, which is significantly lower than JULB's 8.08% return.

OCTM

• 1D: 0.16%
• 1M: 0.60%
• 6M: 3.11%
• YTD: 3.53%
• 1Y: 7.11%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 6.16%

JULB

• 1D: 0.54%
• 1M: 0.57%
• 6M: 7.15%
• YTD: 8.08%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: —

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
JULB Aptus July Buffer ETF	$122.17K	$181.25K	$221.75K
OCTM FT Vest U.S. Equity Max Buffer ETF - October	$97.95K	$54.01K	$56.44K

OCTM vs. JULB - Yearly Performance Comparison

	2026 (YTD)	2025
OCTM FT Vest U.S. Equity Max Buffer ETF - October	3.53%	1.23%
JULB Aptus July Buffer ETF	8.08%	2.44%

Correlation

The correlation between OCTM and JULB is 0.92, meaning they have usually moved in the same direction, including during past declines.

	Correlation
Correlation (All Time) Calculated using the full available price history since Oct 14, 2025	0.92

Return for Risk

OCTM vs. JULB — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

OCTM

OCTM Risk / Return Rank: 95
OCTM Sharpe Ratio Rank: 95
OCTM Sortino Ratio Rank: 96
OCTM Omega Ratio Rank: 96
OCTM Calmar Ratio Rank: 92
OCTM Martin Ratio Rank: 95

JULB

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

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

OCTM vs. JULB - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for FT Vest U.S. Equity Max Buffer ETF - October (OCTM) 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.

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.

	OCTM	JULB	Difference
Sharpe ratio: Return per unit of total volatility	2.83	—	—
Sortino ratio: Return per unit of downside risk	4.34	—	—
Omega ratio: Gain probability vs. loss probability	1.59	—	—
Calmar ratio: Return relative to maximum drawdown	4.13	—	—
Martin ratio: Return relative to average drawdown	20.31	—	—

Drawdowns

OCTM vs. JULB - Drawdown Comparison

The maximum OCTM drawdown since its inception was -3.29%, smaller than the maximum JULB drawdown of -5.24%. Use the drawdown chart below to compare losses from any high point for OCTM and JULB.

Drawdown Indicators

	OCTM	JULB	Difference
Max Drawdown Largest peak-to-trough decline	-3.29%	-5.24%	+1.95%
Max Drawdown (1Y) Largest decline over 1 year	-1.64%	—	—
Current Drawdown Current decline from peak	0.00%	-0.20%	+0.20%
Average Drawdown Average peak-to-trough decline	-0.36%	-0.78%	+0.42%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.33%	—	—

Volatility

Volatility by Period

	OCTM	JULB	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.55%	—	—
Volatility (6M) Calculated over the trailing 6-month period	1.85%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	2.40%	6.81%	-4.41%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	3.02%	6.81%	-3.79%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	3.02%	6.81%	-3.79%

OCTM vs. JULB - Expense Ratio Comparison

OCTM has a 0.85% expense ratio, which is higher than JULB's 0.25% expense ratio.

Dividends

OCTM vs. JULB - Dividend Comparison

Neither OCTM nor JULB has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both OCTM and JULB in my portfolio?

With a correlation of 0.92, OCTM 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, OCTM 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, OCTM or JULB?

JULB is cheaper with a 0.25% expense ratio, compared with 0.85% for OCTM.

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

OCTM and JULB have nearly identical dividend yields, around 0.00%.

What is the main difference between OCTM and JULB?

They also come from different issuers: First Trust and Aptus. Their fees differ too: 0.85% for OCTM and 0.25% for JULB.