TJUN vs. SMAX
TJUN (FT Vest Emerging Markets Buffer ETF - June) and SMAX (iShares Large Cap Max Buffer Sep ETF) are both Defined Outcome funds. Over the past year, TJUN returned 18.22% vs 9.07% for SMAX. A 0.63 correlation means they provide meaningful diversification when combined. TJUN charges 0.95%/yr vs 0.50%/yr for SMAX.
Performance
TJUN vs. SMAX - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, TJUN achieves a 5.75% return, which is significantly higher than SMAX's 3.21% return.
TJUN
- 1D
- 0.02%
- 1M
- 0.79%
- YTD
- 5.75%
- 6M
- 6.56%
- 1Y
- 18.22%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
SMAX
- 1D
- -0.05%
- 1M
- 0.36%
- YTD
- 3.21%
- 6M
- 3.24%
- 1Y
- 9.07%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
TJUN vs. SMAX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
TJUN FT Vest Emerging Markets Buffer ETF - June | 5.75% | 11.79% |
SMAX iShares Large Cap Max Buffer Sep ETF | 3.21% | 5.68% |
Correlation
The correlation between TJUN and SMAX is 0.63, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Jun 23, 2025 | 0.63 |
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
TJUN vs. SMAX — Risk / Return Rank
TJUN
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
SMAX
TJUN vs. SMAX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for FT Vest Emerging Markets Buffer ETF - June (TJUN) and iShares Large Cap Max Buffer Sep ETF (SMAX). 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.
| TJUN | SMAX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.72 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 4.76 | — |
| Martin ratioReturn relative to average drawdown | — | 25.48 | — |
Loading charts...
Drawdowns
TJUN vs. SMAX - Drawdown Comparison
The maximum TJUN drawdown since its inception was -4.47%, which is greater than SMAX's maximum drawdown of -3.90%. Use the drawdown chart below to compare losses from any high point for TJUN and SMAX.
Loading charts...
Drawdown Indicators
| TJUN | SMAX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -4.47% | -3.90% | -0.57% |
Max Drawdown (1Y)Largest decline over 1 year | -4.47% | -1.91% | -2.56% |
Current DrawdownCurrent decline from peak | 0.00% | -0.07% | +0.07% |
Average DrawdownAverage peak-to-trough decline | -0.57% | -0.40% | -0.17% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 0.36% | — |
Volatility
TJUN vs. SMAX - Volatility Comparison
Loading charts...
Volatility by Period
| TJUN | SMAX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 0.73% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 2.17% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 7.35% | 2.71% | +4.64% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.35% | 3.65% | +3.70% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.35% | 3.65% | +3.70% |
TJUN vs. SMAX - Expense Ratio Comparison
TJUN has a 0.95% expense ratio, which is higher than SMAX's 0.50% expense ratio.
Dividends
TJUN vs. SMAX - Dividend Comparison
TJUN has not paid dividends to shareholders, while SMAX's dividend yield for the trailing twelve months is around 0.95%.
| Position | TTM | 2025 | 2024 |
|---|---|---|---|
SMAX iShares Large Cap Max Buffer Sep ETF | 0.95% | 0.98% | 0.27% |
TJUN FT Vest Emerging Markets Buffer ETF - June | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
TJUN and SMAX have a correlation of 0.63, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On 1-year performance, TJUN leads with 18.22% vs 9.07% for SMAX. On fees, SMAX is cheaper at 0.50% per year. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, TJUN has performed better with a 18.22% return vs 9.07%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
SMAX is cheaper with a 0.50% expense ratio, compared with 0.95% for TJUN.
SMAX has the higher dividend yield at 0.95%, compared with 0.00% for TJUN.
They also come from different issuers: First Trust and iShares. Their fees differ too: 0.95% for TJUN and 0.50% for SMAX.
Find the right allocation for TJUN and SMAX
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer