NOVZ vs JULB

Comparison between TrueShares Structured Outcome (November) ETF (NOVZ, ETF) and APTUS JULY BUFFER ETF (JULB, ETF).

NOVZ vs JULB - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	NOVZ(ETF)	JULB(ETF)
Net Assets	$38M	$38M
Expense Ratio	0.79%	0.25%
Max Drawdown	16.96%	5.24%
Sharpe Ratio	1.09	1.47
5Y Beta	0.74	0.48

Net Assets

NOVZ

$38M

Winner

JULB

$38M

Expense Ratio

NOVZ

0.79%

Winner

JULB

0.25%

Max Drawdown

NOVZ

16.96%

Winner

JULB

5.24%

Sharpe Ratio

NOVZ

1.09

Winner

JULB

1.47

5Y Beta

NOVZ

0.74

Winner

JULB

0.48

NOVZ vs JULB - Holdings Comparison

NOVZ and JULB have 0 common holdings. Overlap is 0.00%

NOVZ's top 25 holdings weight is 0.09%. JULB's top 25 holdings weight is 2.62%.

Rank	NOVZ	JULB
#1	STATE STREET INSTL US GOVT MMKT ADMIN (SALXX) - 0.09%	FIRST AMERICAN TREASURY OBLIGS X (FXFXX) - 2.62%
#2	N/A	N/A
#3	N/A	N/A
#4	N/A	N/A
#5	N/A	N/A
#6	N/A	N/A
#7	N/A	N/A
#8	N/A	N/A
#9	N/A	N/A
#10	N/A	N/A
#11	N/A	N/A
#12	N/A	N/A
#13	N/A	N/A
#14	N/A	N/A
#15	N/A	N/A
#16	N/A	N/A
#17	N/A	N/A
#18	N/A	N/A
#19	N/A	N/A
#20	N/A	N/A
#21	N/A	N/A
#22	N/A	N/A
#23	N/A	N/A
#24	N/A	N/A
#25	N/A	N/A
Total Holdings	1	1

NOVZ vs JULB - Historical Returns

Returns include dividend reinvestment.

Period	NOVZ	JULB
1 month	+0.15%	+1.06%
3 months	+4.70%	+5.08%
6 months	+6.87%	+7.52%
1 year	+14.72%	N/A
5 years(CAGR)	+10.63%	N/A
Max(CAGR)	+13.53%	+14.13%

NOVZ

+0.15%

Winner

JULB

+1.06%

NOVZ

+4.70%

Winner

JULB

+5.08%

NOVZ

+6.87%

Winner

JULB

+7.52%

NOVZ

+14.72%

JULB

N/A

5Y(CAGR)

NOVZ

+10.63%

JULB

N/A

Max(CAGR)

NOVZ

+13.53%

Winner

JULB

+14.13%

NOVZ vs JULB - Annual Returns (2020 - 2026)

Returns include dividend reinvestment.

Year	NOVZ	JULB
2026	+7.30%	+7.84%
2025	+13.16%	+2.56%
2024	+19.69%	N/A
2023	+18.35%	N/A
2022	-9.93%	N/A
2021	+22.93%	N/A
2020	+10.30%	N/A

NOVZ vs JULB Drawdown Comparison

The maximum drawdown for NOVZ was -16.62%, occurring on Oct 12, 2022. Recovery took 367 trading sessions.

The maximum drawdown for JULB was -5.24%, occurring on Mar 30, 2026. Recovery took 53 trading sessions.

The current NOVZ drawdown is -1.39%. The current JULB drawdown is -0.36%.

Rank	NOVZ	JULB
#1	-16.62% Dec 29, 2021 - Jun 15, 2023	-5.24% Jan 28, 2026 - Apr 15, 2026
#2	-14.63% Feb 19, 2025 - Jun 27, 2025	-2.28% Oct 28, 2025 - Nov 28, 2025
#3	-8.30% Jul 31, 2023 - Dec 8, 2023	-1.47% Jun 4, 2026 - Jun 15, 2026
#4	-7.19% Jul 16, 2024 - Sep 19, 2024	-1.31% Jan 12, 2026 - Jan 27, 2026
#5	-6.72% Jan 12, 2026 - Apr 15, 2026	-1.19% Dec 11, 2025 - Dec 22, 2025
#6	-4.53% Sep 3, 2021 - Oct 20, 2021	-0.83% Jul 10, 2026 - Jul 20, 2026
#7	-4.50% Mar 28, 2024 - May 15, 2024	-0.58% May 14, 2026 - May 22, 2026
#8	-3.90% Oct 29, 2025 - Dec 23, 2025	-0.48% Jun 18, 2026 - Jun 29, 2026
#9	-3.57% Feb 12, 2021 - Mar 11, 2021	-0.47% Dec 26, 2025 - Jan 6, 2026
#10	-3.50% Dec 6, 2024 - Jan 23, 2025	-0.41% Jun 15, 2026 - Jun 18, 2026
#11	-3.46% May 7, 2021 - Jun 11, 2021	-0.39% Apr 17, 2026 - Apr 22, 2026
#12	-3.35% Jun 2, 2026 - Jun 10, 2026	-0.39% Oct 15, 2025 - Oct 17, 2025
#13	-3.14% Nov 18, 2021 - Dec 23, 2021	-0.33% Jul 6, 2026 - Jul 10, 2026
#14	-2.89% Jan 21, 2021 - Feb 4, 2021	-0.28% Apr 27, 2026 - Apr 30, 2026
#15	-2.51% Jul 12, 2021 - Jul 23, 2021	-0.28% Oct 21, 2025 - Oct 23, 2025