DJUN vs SPY
FT Vest US Equity Deep Buffer ETF - June vs State Street SPDR S&P 500 ETF Trust
Quick Verdict
SPY has a lower expense ratio. SPY delivered stronger 1-year returns. SPY offers more diversification with 505 holdings.
Side-by-Side Comparison
| Metric | DJUN | SPY | Winner |
|---|---|---|---|
| Expense Ratio | 0.85% | 0.09% | |
| AUM | $355M | $821.1B | |
| Dividend Yield | 0.00% | 1.01% | |
| Holdings | 5 | 505 | |
| YTD Return | +5.69% | +12.68% | |
| 1Y Return | +9.64% | +21.82% | |
| 3Y Return (annualized) | +11.79% | +21.98% | |
| 5Y Return (annualized) | +8.14% | +12.89% | |
| Volatility (annualized) | 7.0% | 15.3% | |
| Max Drawdown | -12.0% | -56.5% | |
| Fund Family | First Trust Portfolios (US) | State Street Investment Management | |
| Category | Alternative | Equity | |
| Inception | Jun 19, 2020 | Jan 22, 1993 |
DJUN vs SPY Performance
FT Vest US Equity Deep Buffer ETF - June (DJUN) is a ETF from First Trust Portfolios (US) and State Street SPDR S&P 500 ETF Trust (SPY) is a ETF from State Street Investment Management. Over the past year DJUN returned +9.64% while SPY returned +21.82%. Year to date, DJUN is up 5.69% versus a gain of 12.68% for SPY.
Over three years, DJUN compounded at +11.79% per year against +21.98% for SPY; over five years the annualized figures are +8.14% and +12.89% respectively. Across the full 6-year window we track, SPY has the edge at +8.81% annualized vs +8.38%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
SPY has been the more volatile fund, with annualized monthly volatility of 15.3% compared with 7.0% for DJUN. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -12.0% for DJUN and -56.5% for SPY. Drawdown depth is worth weighing if you expect to sell during market stress rather than ride it out.
The two funds' monthly returns correlate at 0.92. They move almost in lockstep, so holding both mostly duplicates the same exposure.
Fees and Cost Over Time
DJUN charges 0.85% per year while SPY charges 0.09%. On a $10,000 position that is $85 vs $9 annually, a gap of $76 per year that compounds over a long holding period. On income, DJUN currently yields 0.00% against 1.01% for SPY.
Holdings Overlap
DJUN and SPY share 0 holdings out of 505 unique holdings combined, representing a 0.0% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, DJUN or SPY?
DJUN has an expense ratio of 0.85% while SPY charges 0.09%. SPY is the cheaper option. On a $10,000 investment, that is $76 per year of difference.
Which performed better, DJUN or SPY?
Over the past year DJUN returned +9.64% vs +21.82% for SPY, so SPY leads on 1-year performance. Over the longest common window we track (6 years), DJUN annualized +8.38% vs +8.81% for SPY. Past performance does not guarantee future results.
Which is riskier, DJUN or SPY?
SPY has been the more volatile fund at 15.3% annualized versus 7.0% for DJUN. Worst drawdown: DJUN -12.0% vs SPY -56.5%.
Should I hold both DJUN and SPY?
DJUN and SPY have a monthly-return correlation of 0.92, so they move almost identically. Holding both adds little diversification - most investors pick one, usually on fees or the specific index tracked.
What is the holdings overlap between DJUN and SPY?
DJUN and SPY share 0 common holdings with a 0.0% weight overlap. Combined, they hold 505 unique securities.
Which pays a higher dividend, DJUN or SPY?
DJUN yields 0.00% while SPY yields 1.01%, so SPY currently pays the higher dividend yield.
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