SHRY vs. DJUN

Last updated Jun 3, 2026

SHRY (First Trust Bloomberg Shareholder Yield ETF) and DJUN (FT Cboe Vest U.S. Equity Deep Buffer ETF - June) are both Large Cap Blend Equities funds from First Trust - SHRY tracks the Bloomberg Shareholder Yield Index - Benchmark TR Gross while DJUN tracks the Cboe S&P 500 30% (-5% to -35%) Buffer Protect June Series Index. Both are passively managed. Over the past 5 years, SHRY returned 8.22%/yr vs 8.14%/yr for DJUN. A 0.76 correlation means they provide meaningful diversification when combined. SHRY charges 0.60%/yr vs 0.85%/yr for DJUN.

Performance

SHRY vs. DJUN - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in First Trust Bloomberg Shareholder Yield ETF (SHRY) 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, SHRY achieves a 5.11% return, which is significantly higher than DJUN's 3.77% return.

SHRY

• 1D: 0.09%
• 1M: -1.30%
• YTD: 5.11%
• 6M: 6.89%
• 1Y: 8.24%
• 3Y*: 14.22%
• 5Y*: 8.22%
• 10Y*: —

DJUN

• 1D: 0.07%
• 1M: 0.67%
• YTD: 3.77%
• 6M: 4.61%
• 1Y: 11.75%
• 3Y*: 11.39%
• 5Y*: 8.14%
• 10Y*: —

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

SHRY vs. DJUN - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020
SHRY First Trust Bloomberg Shareholder Yield ETF	5.11%	7.29%	17.27%	17.47%	-14.21%	30.50%	21.38%
DJUN FT Cboe Vest U.S. Equity Deep Buffer ETF - June	3.77%	9.38%	13.92%	17.58%	-6.30%	6.27%	6.48%

Correlation

The correlation between SHRY and DJUN is 0.52, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.52
Correlation (3Y) Calculated over the trailing 3-year period	0.68
Correlation (5Y) Calculated over the trailing 5-year period	0.78
Correlation (All Time) Calculated using the full available price history since Jun 23, 2020	0.76

Over the past year, the correlation between SHRY and DJUN has dropped to 0.52 - well below their long-term average of 0.76, suggesting their price drivers have been diverging.

Return for Risk

SHRY vs. DJUN — Risk / Return Rank

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

SHRY

SHRY Risk / Return Rank: 22
SHRY Sharpe Ratio Rank: 22
SHRY Sortino Ratio Rank: 22
SHRY Omega Ratio Rank: 21
SHRY Calmar Ratio Rank: 24
SHRY Martin Ratio Rank: 24

DJUN

DJUN Risk / Return Rank: 81
DJUN Sharpe Ratio Rank: 70
DJUN Sortino Ratio Rank: 79
DJUN Omega Ratio Rank: 86
DJUN Calmar Ratio Rank: 77
DJUN Martin Ratio Rank: 92

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.

SHRY vs. DJUN - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for First Trust Bloomberg Shareholder Yield ETF (SHRY) 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.

	SHRY	DJUN	Difference
Sharpe ratio Return per unit of total volatility	0.77	2.36	-1.59
Sortino ratio Return per unit of downside risk	1.16	3.58	-2.43
Omega ratio Gain probability vs. loss probability	1.14	1.54	-0.41
Calmar ratio Return relative to maximum drawdown	1.13	3.97	-2.84
Martin ratio Return relative to average drawdown	3.13	23.53	-20.40
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

SHRY vs. DJUN - Sharpe Ratio Comparison

The current SHRY Sharpe Ratio is 0.77, which is lower than the DJUN Sharpe Ratio of 2.36. The chart below compares the historical Sharpe Ratios of SHRY and DJUN, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	SHRY	DJUN	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.77	2.36	-1.59
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.53	0.96	-0.43
Sharpe Ratio (All Time) Calculated using the full available price history	0.61	1.04	-0.44

Drawdowns

SHRY vs. DJUN - Drawdown Comparison

The maximum SHRY drawdown since its inception was -36.67%, which is greater than DJUN's maximum drawdown of -11.96%. Use the drawdown chart below to compare losses from any high point for SHRY and DJUN.

Drawdown Indicators

	SHRY	DJUN	Difference
Max Drawdown Largest peak-to-trough decline	-36.67%	-11.96%	-24.71%
Max Drawdown (1Y) Largest decline over 1 year	-7.20%	-3.15%	-4.05%
Max Drawdown (3Y) Largest decline over 3 years	-15.34%	-11.96%	-3.38%
Max Drawdown (5Y) Largest decline over 5 years	-23.94%	-11.96%	-11.98%
Current Drawdown Current decline from peak	-2.92%	0.00%	-2.92%
Average Drawdown Average peak-to-trough decline	-5.04%	-1.59%	-3.45%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.61%	0.53%	+2.08%

Volatility

SHRY vs. DJUN - Volatility Comparison

First Trust Bloomberg Shareholder Yield ETF (SHRY) has a higher volatility of 2.41% compared to FT Cboe Vest U.S. Equity Deep Buffer ETF - June (DJUN) at 0.35%. This indicates that SHRY's price experiences larger fluctuations and is considered to be riskier than DJUN based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	SHRY	DJUN	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.41%	0.35%	+2.06%
Volatility (6M) Calculated over the trailing 6-month period	7.46%	3.56%	+3.90%
Volatility (1Y) Calculated over the trailing 1-year period	10.74%	5.04%	+5.70%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.67%	8.52%	+7.15%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.19%	8.06%	+10.13%

SHRY vs. DJUN - Expense Ratio Comparison

SHRY has a 0.60% expense ratio, which is lower than DJUN's 0.85% expense ratio.

Dividends

SHRY vs. DJUN - Dividend Comparison

SHRY's dividend yield for the trailing twelve months is around 1.68%, while DJUN has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
DJUN FT Cboe Vest U.S. Equity Deep Buffer ETF - June	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
SHRY First Trust Bloomberg Shareholder Yield ETF	1.68%	1.73%	1.76%	1.49%	1.52%	0.98%	1.65%	1.54%	1.89%	0.55%

Frequently Asked Questions

Can I hold both SHRY and DJUN in my portfolio?

SHRY and DJUN have a correlation of 0.52, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, SHRY or DJUN?

SHRY has higher volatility (2.41%) compared to DJUN (0.35%). In terms of maximum drawdown, SHRY dropped -36.67% vs DJUN's -11.96%.

Which ETF is better, SHRY or DJUN?

On 5-year performance, SHRY leads with 8.22% vs 8.14% for DJUN. On fees, SHRY is cheaper at 0.60% per year. On volatility, DJUN has been the lower-risk option at 0.35%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, SHRY or DJUN?

Over the 5-year period, SHRY has performed better with a 8.22% return vs 8.14%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, SHRY or DJUN?

SHRY is cheaper with a 0.60% expense ratio, compared with 0.85% for DJUN.

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

SHRY has the higher dividend yield at 1.68%, compared with 0.00% for DJUN.

What is the main difference between SHRY and DJUN?

SHRY tracks Bloomberg Shareholder Yield Index - Benchmark TR Gross, while DJUN tracks Cboe S&P 500 30% (-5% to -35%) Buffer Protect June Series Index. Their fees differ too: 0.60% for SHRY and 0.85% for DJUN.

Which has better risk-adjusted returns?

DJUN currently has the higher Sharpe Ratio (2.36 vs 0.77), 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.