TWOX vs. JUNZ
TWOX (iShares Large Cap Accelerated Outcome ETF) and JUNZ (TrueShares Structured Outcome (June) ETF) are both Defined Outcome funds. TWOX is actively managed, while JUNZ is passively managed. Over the past year, TWOX returned 15.18% vs 18.18% for JUNZ. Their correlation of 0.92 suggests significant overlap in exposure. TWOX charges 0.50%/yr vs 0.79%/yr for JUNZ.
Performance
TWOX vs. JUNZ - Performance Comparison
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Returns By Period
In the year-to-date period, TWOX achieves a 2.49% return, which is significantly lower than JUNZ's 6.52% return.
TWOX
- 1D
- -0.02%
- 1M
- 0.63%
- YTD
- 2.49%
- 6M
- 1.73%
- 1Y
- 15.18%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
JUNZ
- 1D
- -0.96%
- 1M
- -0.48%
- YTD
- 6.52%
- 6M
- 5.75%
- 1Y
- 18.18%
- 3Y*
- 15.04%
- 5Y*
- 9.35%
- 10Y*
- —
TWOX vs. JUNZ - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
TWOX iShares Large Cap Accelerated Outcome ETF | 2.49% | 12.99% |
JUNZ TrueShares Structured Outcome (June) ETF | 6.52% | 11.71% |
Correlation
The correlation between TWOX and JUNZ is 0.90, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.90 |
Correlation (All Time) Calculated using the full available price history since Jan 16, 2025 | 0.92 |
The correlation between TWOX and JUNZ has been stable across timeframes, ranging from 0.90 to 0.92 - a consistent structural relationship.
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Return for Risk
TWOX vs. JUNZ — Risk / Return Rank
TWOX
JUNZ
TWOX vs. JUNZ - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Large Cap Accelerated Outcome ETF (TWOX) and TrueShares Structured Outcome (June) ETF (JUNZ). 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.
| TWOX | JUNZ | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.31 | ||
| Sortino ratioReturn per unit of downside risk | -0.44 | ||
| Omega ratioGain probability vs. loss probability | 1.31 | 1.32 | -0.01 |
| Calmar ratioReturn relative to maximum drawdown | 1.60 | 2.21 | -0.61 |
| Martin ratioReturn relative to average drawdown | 7.57 | 9.51 | -1.95 |
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Drawdowns
TWOX vs. JUNZ - Drawdown Comparison
The maximum TWOX drawdown since its inception was -19.35%, which is greater than JUNZ's maximum drawdown of -17.88%. Use the drawdown chart below to compare losses from any high point for TWOX and JUNZ.
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Drawdown Indicators
| TWOX | JUNZ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -19.35% | -17.88% | -1.47% |
Max Drawdown (1Y)Largest decline over 1 year | -9.51% | -8.27% | -1.24% |
Max Drawdown (3Y)Largest decline over 3 years | — | -14.06% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -17.88% | — |
Current DrawdownCurrent decline from peak | -0.02% | -2.14% | +2.12% |
Average DrawdownAverage peak-to-trough decline | -2.54% | -4.24% | +1.70% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.01% | 1.92% | +0.09% |
Volatility
TWOX vs. JUNZ - Volatility Comparison
The current volatility for iShares Large Cap Accelerated Outcome ETF (TWOX) is 0.62%, while TrueShares Structured Outcome (June) ETF (JUNZ) has a volatility of 3.39%. This indicates that TWOX experiences smaller price fluctuations and is considered to be less risky than JUNZ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| TWOX | JUNZ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.62% | 3.39% | -2.77% |
Volatility (6M)Calculated over the trailing 6-month period | 7.95% | 8.29% | -0.34% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.40% | 10.33% | +0.07% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.46% | 11.81% | +4.65% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.46% | 11.75% | +4.71% |
TWOX vs. JUNZ - Expense Ratio Comparison
TWOX has a 0.50% expense ratio, which is lower than JUNZ's 0.79% expense ratio.
Dividends
TWOX vs. JUNZ - Dividend Comparison
TWOX's dividend yield for the trailing twelve months is around 0.55%, less than JUNZ's 2.16% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
JUNZ TrueShares Structured Outcome (June) ETF | 2.16% | 2.30% | 3.97% | 6.03% | 0.56% | 0.32% |
TWOX iShares Large Cap Accelerated Outcome ETF | 0.55% | 0.57% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
With a correlation of 0.90, TWOX and JUNZ 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.
JUNZ has higher volatility (3.39%) compared to TWOX (0.62%). In terms of maximum drawdown, TWOX dropped -19.35% vs JUNZ's -17.88%.
On 1-year performance, JUNZ leads with 18.18% vs 15.18% for TWOX. On fees, TWOX is cheaper at 0.50% per year. On volatility, TWOX has been the lower-risk option at 0.62%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, JUNZ has performed better with a 18.18% return vs 15.18%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
TWOX is cheaper with a 0.50% expense ratio, compared with 0.79% for JUNZ.
JUNZ has the higher dividend yield at 2.16%, compared with 0.55% for TWOX.
They also come from different issuers: iShares and TrueShares. Their fees differ too: 0.50% for TWOX and 0.79% for JUNZ.
JUNZ currently has the higher Sharpe Ratio (1.77 vs 1.47), 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.
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