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DEFR vs JUCY

Aptus Deferred Income ETF

DEFRCCboe

Aptus Enhanced Yield ETF

JUCYBCboe

Overlap

4.0%by weight

Expense ratio

JUCY −0.19pt a year

DEFR0.79%JUCY0.60%

Avg volume · 30D

JUCY 8.0×the volume

DEFR19.7KJUCY158K

DEFR vs JUCY Performance

Oct 31, 2025 – Oct 30, 2026

+0.4%DEFR+5.7%JUCY

Oct 31, 2025 to Oct 30, 2026. DEFR +0.4%. JUCY +5.7%. Use the arrow keys to read each point.−2%2%4%Oct 2025Apr 2026Oct 2026
Expense ratio
DEFR 0.79%
JUCY 0.60%, better
Fund size
DEFR $161M
JUCY $352M
1Y total return
DEFR +0.4%
JUCY +5.7%, better
Yield (12M)
DEFR No data
JUCY 8.21%
Holdings
DEFR 5
JUCY 13
Avg volume (30D)
DEFR 19.7K sh
JUCY 158K sh, better
NAV per share
DEFR $26.55
JUCY $21.72
52W range

ETF.net Grade

DEFR: Cost 31, Risk 39, Mission not scored, Tradability 49, Holdings 51, Durability 45. JUCY: Cost 54, Risk 67, Mission not scored, Tradability 60, Holdings 71, Durability 71.
Pillar letters and Scores for DEFR, JUCY, with each pillar’s weight
PillarDEFRJUCY
Cost30% weightD31C54Higher
Mission25% weightNot scoredNot scored
Risk15% weightD39B67Higher
Tradability15% weightC49B60Higher
Holdings10% weightC51A71Higher
Durability5% weightC45A71Higher

Rank among Treasury Option Income funds

How we build Categories ›
Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

Same Category. DEFR and JUCY are both graded against the same 13 Treasury Option Income funds, so their Grades compare head to head.

Treasury Option Income⁠

Category · 13 funds
See all 13 ›

JUCY ranks 4th and DEFR 8th of 13 funds in the Treasury Option Income Category.

  1. Rank 1ABENJHorizon Landmark ETFScore 76
  2. Rank 2ATLTWiShares 20+ Year Treasury Bond BuyWrite Strategy ETFScore 75
  3. Rank 3ABUCKSimplify Treasury Option Income ETFScore 69
  4. Rank 4BJUCYAptus Enhanced Yield ETFScore 61
  5. Rank 5CTLTINEOS Enhanced Income 20+ Year Treasury Bond ETFScore 49
  6. Rank 7CUSDXSGI Enhanced Core ETFScore 42
  7. Rank 8CDEFRAptus Deferred Income ETFScore 40
  8. Rank 8CLQDMAmplify LQD Investment Grade 12% Target Income ETFScore 40

Our read on each fund

ETF.net Research

DEFRCAptus Deferred Income ETF

JUCYBAptus Enhanced Yield ETF

In short

DEFR No data

JUCY Treasuries with a payout target attached. Aptus pairs U.S. government fixed income with an income overlay and, per its own shareholder report, aims to keep monthly distributions in roughly the 5% to 12% range, topping up with return of capital when income runs short.

Stated mandate

DEFR No data

JUCY The retrieved SEC material establishes that JUCY's pre-June 24, 2025 fixed-income and equity-linked-note strategy no longer represents its current objective. The replacement objective is not stated in the available evidence.

Why people hold it

DEFR No data

  • JUCY The payout policy is written down, not improvised: relatively stable monthly distributions targeted at roughly 5% to 12% a year rather than whatever coupons and premiums happen to land.sec.gov
  • The foundation is U.S. government fixed income, not corporate credit, and the fund grades itself against the Bloomberg U.S. Aggregate Bond Index with a short-dated Treasury index alongside it.sec.gov
  • Actively managed by a team that can dial the overlay, and it sits in the upper half of its small group of Treasury-overlay income ETFs. Running since 2022.

Worth knowing

DEFR No data

  • JUCY At 0.60% the fee is mid-pack: TLTX (0.29%), TLTW and BUCK (0.35%) run their versions of Treasury-plus-options income for less.
  • Hitting the distribution target can involve return of capital: the fund states it may pay some back when monthly payouts exceed the income it earned. That trims your cost basis.sec.gov
  • The strategy was reworked in mid-2025, so the record spans two different recipes. The earlier equity-linked-note approach is not what you own today.

Full DEFR profile⁠

Full JUCY profile⁠

DEFR vs JUCY Holdings

How DEFR and JUCY differ

Overlap by weight

4.0%

Shared holdings make up 11.8% of JUCY and 4.0% of DEFR.

Level by level

  • Asset classEquity, Fixed Income0.0%
  • Holdings1 in both4.0%
  • Countryby domicile97.3%

Sector

No Sector split for JUCY.

Country, concentration and asset class

Country by domicile

Country weights in DEFR and JUCY, widest gap first
CountryMore in DEFRMore in JUCY
United StatesJUCY +2.7 points
CanadaDEFR +1.1 points
NetherlandsDEFR +0.9 points
Other countries (3)DEFR +0.8 points

Concentration

Weight in the 10 largest Holdings

  • DEFR102.4%
  • JUCY93.3%

Securities held

  • DEFR5
  • JUCY13

Asset class

DEFR
Equity
JUCY
Fixed Income

Holdings

  • Only in DEFR4
  • In both1
  • Only in JUCY12

Only in DEFR

4 securities, 98.4% of DEFR by weight

  • Qqq 11/20/2026 100 C57.10%
  • Qqq 11/20/2026 1100 P39.31%
  • Ief 03/19/2027 91 C1.22%

Only in JUCY

12 securities, 88.2% of JUCY by weight

  • United States Treasury Note/Bond 1% 07/31/202822.39%
  • United States Treasury Note/Bond 3.5% 11/15/202813.11%
  • United States Treasury Note/Bond 4.5% 05/31/202910.38%

Weight gaps

All 1 Holdings in both funds, largest gap first.

Holding weights in DEFR and JUCY, widest gap first
HoldingMore in DEFRMore in JUCY
United States Treasury Bill 07/08/2027JUCY +7.79 points

All DEFR holdings⁠All 9 JUCY holdings⁠

How we measure overlap

Each holding counts at its smaller weight in the two funds, summed over the full Holdings. Sector, country and asset class use the same rule on each fund’s split. Cash, FX and derivative lines stay out of the counts. Two bond funds get no overlap figure.

DEFR vs JUCY Cost

Overpaying DEFR vs JUCY

$3,357

On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.

  • DEFR 0.79%

    $15,174

  • JUCY 0.60%

    $11,817

$10,000
30 years

Cost over time

  • DEFR 0.79%
  • JUCY 0.60%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$5K$10K$15K$20K051015202530DEFR $15,174JUCY $11,817

Year by year

YearDEFRJUCYOverpaying
10$1,405$1,076$329
20$5,331$4,116$1,215
30$15,174$11,817$3,357

Expense ratio

  • 0.79%DEFR
  • 0.60%JUCY, cheaper
  • Middle half of Treasury Option Income funds
  • Median 0.65%

JUCY 6th cheapest of 13 funds

DEFR 8th cheapest of 13 funds

DEFR vs JUCY Dividends

Last 12 months to Oct 30, 2026
Yield (12M)
DEFR No data
JUCY 8.21%
Payout (12M)
DEFR None
JUCY $1.78
Last payment
DEFR No data
JUCY $0.15
Ex-dividend
DEFR No data
JUCY Oct 29, 2026
Paid on
DEFR No data
JUCY Oct 30, 2026
Frequency
DEFR No data
JUCY Monthly

Distribution history

Per share, 2023 to 2026, same scale for both

DEFRAll DEFR payments⁠

No distribution history available.

JUCYMonthly · 46 paymentsAll JUCY payments⁠
One bar per payment. 46 payments from 2023 to 2026 YTD. Jan 27, 2023 $0.17; Feb 24, 2023 $0.18; Mar 29, 2023 $0.23; Apr 26, 2023 $0.20; May 26, 2023 $0.14; Jun 28, 2023 $0.20; Jul 27, 2023 $0.15; Aug 29, 2023 $0.17; Sep 27, 2023 $0.20; Oct 27, 2023 $0.17; Nov 28, 2023 $0.17; Dec 27, 2023 $0.23; Jan 29, 2024 $0.10; Feb 27, 2024 $0.12; Mar 26, 2024 $0.16; Apr 26, 2024 $0.13; May 30, 2024 $0.18; Jun 27, 2024 $0.13; Jul 30, 2024 $0.15; Aug 29, 2024 $0.16; Sep 27, 2024 $0.14; Oct 30, 2024 $0.15; Nov 27, 2024 $0.15; Dec 30, 2024 $0.20; Jan 30, 2025 $0.08; Feb 27, 2025 $0.11; Mar 28, 2025 $0.14; Apr 29, 2025 $0.18; May 29, 2025 $0.20; Jun 27, 2025 $0.17; Jul 30, 2025 $0.15; Aug 28, 2025 $0.15; Sep 29, 2025 $0.15; Oct 30, 2025 $0.15; Nov 26, 2025 $0.15; Dec 30, 2025 $0.15; Jan 29, 2026 $0.15; Feb 26, 2026 $0.15; Mar 30, 2026 $0.15; Apr 29, 2026 $0.15; May 28, 2026 $0.15; Jun 29, 2026 $0.15; Jul 30, 2026 $0.15; Aug 28, 2026 $0.15; Sep 29, 2026 $0.15; Oct 29, 2026 $0.15. Use the arrow keys to read each point.$0$0.2520232026YTD

DEFR vs JUCY Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years
DEFR 5.0%since Jun 2025JUCY 1.9%
Return per unit of riskSharpe ratio, 3 years
DEFR 0.004since Jun 2025JUCY 0.04
Worst fallMax drawdown, 5 years
DEFR −5.0%since May 2025JUCY −1.6%since Nov 2022
Market sensitivityBeta, 5 years
DEFR 0.12JUCY 0.11

DEFR and JUCY in the news

All news⁠

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