BJAN vs. UXJA

Last updated Aug 5, 2026

BJAN (Innovator U.S. Equity Buffer ETF - January) and UXJA (FT Vest U.S. Equity Uncapped Accelerator ETF - January) are both Defined Outcome funds. BJAN is passively managed, while UXJA is actively managed. Over the past year, BJAN returned 17.73% vs 24.80% for UXJA. Their 0.97 correlation means they have historically moved very closely together. BJAN charges 0.79%/yr vs 0.85%/yr for UXJA.

Performance

BJAN vs. UXJA - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Innovator U.S. Equity Buffer ETF - January (BJAN) and FT Vest U.S. Equity Uncapped Accelerator ETF - January (UXJA). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, BJAN achieves a 9.23% return, which is significantly lower than UXJA's 14.32% return.

BJAN

• 1D: 0.77%
• 1M: 2.23%
• 6M: 8.43%
• YTD: 9.23%
• 1Y: 17.73%
• 3Y*: 16.61%
• 5Y*: 10.69%
• 10Y*: —
• ALL TIME*: 13.00%

UXJA

• 1D: 2.20%
• 1M: 4.00%
• 6M: 12.94%
• YTD: 14.32%
• 1Y: 24.80%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 19.18%

*Multi-year figures are annualized to reflect compound growth (CAGR)

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
BJAN Innovator U.S. Equity Buffer ETF - January	$329.35K	$3.03M	$1.68M
UXJA FT Vest U.S. Equity Uncapped Accelerator ETF - January	$38.72K	$57.90K	$74.79K

BJAN vs. UXJA - Yearly Performance Comparison

	2026 (YTD)	2025
BJAN Innovator U.S. Equity Buffer ETF - January	9.23%	13.21%
UXJA FT Vest U.S. Equity Uncapped Accelerator ETF - January	14.32%	14.47%

Correlation

The correlation between BJAN and UXJA is 0.97 - they have historically moved very closely together. At this level, their price movements offset little of one another.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.97
Correlation (All Time) Calculated using the full available price history since Jan 21, 2025	0.97

The correlation between BJAN and UXJA has been stable across timeframes, ranging from 0.97 to 0.97 - a consistent structural relationship.

Return for Risk

BJAN vs. UXJA — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

BJAN

BJAN Risk / Return Rank: 83
BJAN Sharpe Ratio Rank: 85
BJAN Sortino Ratio Rank: 84
BJAN Omega Ratio Rank: 87
BJAN Calmar Ratio Rank: 72
BJAN Martin Ratio Rank: 86

UXJA

UXJA Risk / Return Rank: 64
UXJA Sharpe Ratio Rank: 64
UXJA Sortino Ratio Rank: 62
UXJA Omega Ratio Rank: 60
UXJA Calmar Ratio Rank: 64
UXJA Martin Ratio Rank: 71

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

BJAN vs. UXJA - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Innovator U.S. Equity Buffer ETF - January (BJAN) and FT Vest U.S. Equity Uncapped Accelerator ETF - January (UXJA). 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.

	BJAN	UXJA	Difference
Sharpe ratio: Return per unit of total volatility	2.19	1.71	+0.48
Sortino ratio: Return per unit of downside risk	3.08	2.36	+0.72
Omega ratio: Gain probability vs. loss probability	1.42	1.30	+0.12
Calmar ratio: Return relative to maximum drawdown	2.84	2.53	+0.31
Martin ratio: Return relative to average drawdown	13.87	9.99	+3.88

BJAN vs. UXJA - Sharpe Ratio Comparison

The current BJAN Sharpe Ratio is 2.19, which is comparable to the UXJA Sharpe Ratio of 1.71. The chart below compares the historical Sharpe Ratios of BJAN and UXJA, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

BJAN vs. UXJA - Drawdown Comparison

The maximum BJAN drawdown since its inception was -26.86%, which is greater than UXJA's maximum drawdown of -20.01%. Use the drawdown chart below to compare losses from any high point for BJAN and UXJA.

Drawdown Indicators

	BJAN	UXJA	Difference
Max Drawdown Largest peak-to-trough decline	-26.86%	-20.01%	-6.85%
Max Drawdown (1Y) Largest decline over 1 year	-6.27%	-9.83%	+3.56%
Max Drawdown (3Y) Largest decline over 3 years	-13.81%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-17.38%	—	—
Current Drawdown Current decline from peak	0.00%	0.00%	0.00%
Average Drawdown Average peak-to-trough decline	-2.86%	-2.89%	+0.03%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.28%	2.49%	-1.21%

Volatility

BJAN vs. UXJA - Volatility Comparison

The current volatility for Innovator U.S. Equity Buffer ETF - January (BJAN) is 2.38%, while FT Vest U.S. Equity Uncapped Accelerator ETF - January (UXJA) has a volatility of 4.69%. This indicates that BJAN experiences smaller price fluctuations and is considered to be less risky than UXJA based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	BJAN	UXJA	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.38%	4.69%	-2.31%
Volatility (6M) Calculated over the trailing 6-month period	6.80%	11.39%	-4.59%
Volatility (1Y) Calculated over the trailing 1-year period	8.21%	14.65%	-6.44%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	12.06%	18.42%	-6.36%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	13.98%	18.42%	-4.44%

BJAN vs. UXJA - Expense Ratio Comparison

BJAN has a 0.79% expense ratio, which is lower than UXJA's 0.85% expense ratio.

Dividends

BJAN vs. UXJA - Dividend Comparison

Neither BJAN nor UXJA has paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019
BJAN Innovator U.S. Equity Buffer ETF - January	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	4.66%
UXJA FT Vest U.S. Equity Uncapped Accelerator ETF - January	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both BJAN and UXJA in my portfolio?

With a correlation of 0.97, BJAN and UXJA 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.

Which is riskier, BJAN or UXJA?

UXJA has higher volatility (4.69%) compared to BJAN (2.38%). In terms of maximum drawdown, BJAN dropped -26.86% vs UXJA's -20.01%.

Which ETF is better, BJAN or UXJA?

On 1-year performance, UXJA leads with 24.80% vs 17.73% for BJAN. On fees, BJAN is cheaper at 0.79% per year. On volatility, BJAN has been the lower-risk option at 2.38%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, BJAN or UXJA?

Over the 1-year period, UXJA has performed better with a 24.80% return vs 17.73%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, BJAN or UXJA?

BJAN is cheaper with a 0.79% expense ratio, compared with 0.85% for UXJA.

Which ETF pays a higher dividend yield, BJAN or UXJA?

BJAN and UXJA have nearly identical dividend yields, around 0.00%.

What is the main difference between BJAN and UXJA?

They also come from different issuers: Innovator and First Trust. Their fees differ too: 0.79% for BJAN and 0.85% for UXJA.

Which has better risk-adjusted returns?

BJAN currently has the higher Sharpe Ratio (2.19 vs 1.71), 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.