BJUL vs. UXJA

Last updated Aug 5, 2026

BJUL (Innovator U.S. Equity Buffer ETF - July) and UXJA (FT Vest U.S. Equity Uncapped Accelerator ETF - January) are both Defined Outcome funds. BJUL is passively managed, while UXJA is actively managed. Over the past year, BJUL returned 16.08% vs 24.80% for UXJA. Their correlation of 0.95 means they have usually moved in the same direction. BJUL charges 0.79%/yr vs 0.85%/yr for UXJA.

Performance

BJUL vs. UXJA - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Innovator U.S. Equity Buffer ETF - July (BJUL) 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, BJUL achieves a 9.42% return, which is significantly lower than UXJA's 14.32% return.

BJUL

• 1D: 1.10%
• 1M: 2.63%
• 6M: 8.59%
• YTD: 9.42%
• 1Y: 16.08%
• 3Y*: 16.08%
• 5Y*: 11.74%
• 10Y*: —
• ALL TIME*: 10.16%

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)
BJUL Innovator U.S. Equity Buffer ETF - July	$791.36K	$3.32M	$1.95M
UXJA FT Vest U.S. Equity Uncapped Accelerator ETF - January	$38.72K	$57.90K	$74.79K

BJUL vs. UXJA - Yearly Performance Comparison

	2026 (YTD)	2025
BJUL Innovator U.S. Equity Buffer ETF - July	9.42%	12.18%
UXJA FT Vest U.S. Equity Uncapped Accelerator ETF - January	14.32%	14.47%

Correlation

The correlation between BJUL and UXJA is 0.93, meaning they have usually moved in the same direction, including during past declines.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.93
Correlation (All Time) Calculated using the full available price history since Jan 21, 2025	0.95

The correlation between BJUL and UXJA has been stable across timeframes, ranging from 0.93 to 0.95 - a consistent structural relationship.

Return for Risk

BJUL vs. UXJA — Risk / Return Rank

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

BJUL

BJUL Risk / Return Rank: 84
BJUL Sharpe Ratio Rank: 84
BJUL Sortino Ratio Rank: 86
BJUL Omega Ratio Rank: 88
BJUL Calmar Ratio Rank: 75
BJUL Martin Ratio Rank: 89

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.

BJUL vs. UXJA - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Innovator U.S. Equity Buffer ETF - July (BJUL) 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.

	BJUL	UXJA	Difference
Sharpe ratio: Return per unit of total volatility	2.17	1.71	+0.46
Sortino ratio: Return per unit of downside risk	3.14	2.36	+0.78
Omega ratio: Gain probability vs. loss probability	1.42	1.30	+0.13
Calmar ratio: Return relative to maximum drawdown	2.99	2.53	+0.46
Martin ratio: Return relative to average drawdown	15.18	9.99	+5.19

BJUL vs. UXJA - Sharpe Ratio Comparison

The current BJUL Sharpe Ratio is 2.17, which is comparable to the UXJA Sharpe Ratio of 1.71. The chart below compares the historical Sharpe Ratios of BJUL 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

BJUL vs. UXJA - Drawdown Comparison

The maximum BJUL drawdown since its inception was -24.03%, which is greater than UXJA's maximum drawdown of -20.01%. Use the drawdown chart below to compare losses from any high point for BJUL and UXJA.

Drawdown Indicators

	BJUL	UXJA	Difference
Max Drawdown Largest peak-to-trough decline	-24.03%	-20.01%	-4.02%
Max Drawdown (1Y) Largest decline over 1 year	-5.40%	-9.83%	+4.43%
Max Drawdown (3Y) Largest decline over 3 years	-14.06%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-14.06%	—	—
Current Drawdown Current decline from peak	0.00%	0.00%	0.00%
Average Drawdown Average peak-to-trough decline	-2.45%	-2.89%	+0.44%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.06%	2.49%	-1.43%

Volatility

BJUL vs. UXJA - Volatility Comparison

The current volatility for Innovator U.S. Equity Buffer ETF - July (BJUL) is 2.83%, while FT Vest U.S. Equity Uncapped Accelerator ETF - January (UXJA) has a volatility of 4.69%. This indicates that BJUL 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

	BJUL	UXJA	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.83%	4.69%	-1.86%
Volatility (6M) Calculated over the trailing 6-month period	5.95%	11.39%	-5.44%
Volatility (1Y) Calculated over the trailing 1-year period	7.49%	14.65%	-7.16%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	11.65%	18.42%	-6.77%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	13.54%	18.42%	-4.88%

BJUL vs. UXJA - Expense Ratio Comparison

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

Dividends

BJUL vs. UXJA - Dividend Comparison

Neither BJUL nor UXJA has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both BJUL and UXJA in my portfolio?

With a correlation of 0.93, BJUL 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, BJUL or UXJA?

UXJA has higher volatility (4.69%) compared to BJUL (2.83%). In terms of maximum drawdown, BJUL dropped -24.03% vs UXJA's -20.01%.

Which ETF is better, BJUL or UXJA?

On 1-year performance, UXJA leads with 24.80% vs 16.08% for BJUL. On fees, BJUL is cheaper at 0.79% per year. On volatility, BJUL has been the lower-risk option at 2.83%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, BJUL or UXJA?

Over the 1-year period, UXJA has performed better with a 24.80% return vs 16.08%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, BJUL or UXJA?

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

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

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

What is the main difference between BJUL and UXJA?

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

Which has better risk-adjusted returns?

BJUL currently has the higher Sharpe Ratio (2.17 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.