TSEP vs. JULB
TSEP (FT Vest Emerging Markets Buffer ETF - September) and JULB (Aptus July Buffer ETF) are both Defined Outcome funds. Both are actively managed. Their correlation of 0.82 suggests significant overlap in exposure. TSEP charges 0.95%/yr vs 0.25%/yr for JULB.
Performance
TSEP vs. JULB - Performance Comparison
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Returns By Period
In the year-to-date period, TSEP achieves a 8.33% return, which is significantly higher than JULB's 6.38% return.
TSEP
- 1D
- -1.41%
- 1M
- 0.33%
- YTD
- 8.33%
- 6M
- 9.08%
- 1Y
- 20.83%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
JULB
- 1D
- -0.37%
- 1M
- 0.61%
- YTD
- 6.38%
- 6M
- 6.05%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
TSEP vs. JULB - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
TSEP FT Vest Emerging Markets Buffer ETF - September | 8.33% | 2.62% |
JULB Aptus July Buffer ETF | 6.38% | 2.44% |
Correlation
The correlation between TSEP and JULB is 0.82, 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 14, 2025 | 0.82 |
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Return for Risk
TSEP vs. JULB — Risk / Return Rank
TSEP
JULB
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
TSEP vs. JULB - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for FT Vest Emerging Markets Buffer ETF - September (TSEP) 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.
| TSEP | JULB | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.40 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 2.89 | — | — |
| Martin ratioReturn relative to average drawdown | 11.77 | — | — |
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Drawdowns
TSEP vs. JULB - Drawdown Comparison
The maximum TSEP drawdown since its inception was -9.83%, which is greater than JULB's maximum drawdown of -5.24%. Use the drawdown chart below to compare losses from any high point for TSEP and JULB.
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Drawdown Indicators
| TSEP | JULB | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -9.83% | -5.24% | -4.59% |
Max Drawdown (1Y)Largest decline over 1 year | -7.25% | — | — |
Current DrawdownCurrent decline from peak | -1.41% | -0.43% | -0.98% |
Average DrawdownAverage peak-to-trough decline | -1.66% | -0.83% | -0.83% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.77% | — | — |
Volatility
TSEP vs. JULB - Volatility Comparison
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Volatility by Period
| TSEP | JULB | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.17% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 8.40% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 10.35% | 6.84% | +3.51% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 11.41% | 6.84% | +4.57% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 11.41% | 6.84% | +4.57% |
TSEP vs. JULB - Expense Ratio Comparison
TSEP has a 0.95% expense ratio, which is higher than JULB's 0.25% expense ratio.
Dividends
TSEP vs. JULB - Dividend Comparison
Neither TSEP nor JULB has paid dividends to shareholders.
Frequently Asked Questions
TSEP and JULB have a correlation of 0.82, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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.
JULB is cheaper with a 0.25% expense ratio, compared with 0.95% for TSEP.
TSEP and JULB have nearly identical dividend yields, around 0.00%.
They also come from different issuers: First Trust and Aptus Capital Advisors. Their fees differ too: 0.95% for TSEP and 0.25% for JULB.
Find the right allocation for TSEP and JULB
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