DDFN vs. UXJL

Last updated Aug 5, 2026

DDFN (Innovator Equity Dual Directional 15 Buffer ETF - November) and UXJL (FT Vest U.S. Equity Uncapped Accelerator ETF - July) are both Defined Outcome funds. Both are actively managed. Their correlation of 0.90 means they have usually moved in the same direction. DDFN charges 0.79%/yr vs 0.85%/yr for UXJL.

Performance

DDFN vs. UXJL - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Innovator Equity Dual Directional 15 Buffer ETF - November (DDFN) and FT Vest U.S. Equity Uncapped Accelerator ETF - July (UXJL). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, DDFN achieves a 6.10% return, which is significantly lower than UXJL's 14.10% return.

DDFN

• 1D: 0.42%
• 1M: 1.39%
• 6M: 5.06%
• YTD: 6.10%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: —

UXJL

• 1D: 2.03%
• 1M: 3.69%
• 6M: 12.99%
• YTD: 14.10%
• 1Y: 24.06%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 22.98%

*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)
DDFN Innovator Equity Dual Directional 15 Buffer ETF - November	$147.92K	$291.93K	$931.61K
UXJL FT Vest U.S. Equity Uncapped Accelerator ETF - July	$17.51K	$18.88K	$22.37K

DDFN vs. UXJL - Yearly Performance Comparison

	2026 (YTD)	2025
DDFN Innovator Equity Dual Directional 15 Buffer ETF - November	6.10%	0.74%
UXJL FT Vest U.S. Equity Uncapped Accelerator ETF - July	14.10%	-0.39%

Correlation

The correlation between DDFN and UXJL is 0.90, meaning they have usually moved in the same direction, including during past declines.

	Correlation
Correlation (All Time) Calculated using the full available price history since Nov 3, 2025	0.90

Return for Risk

DDFN vs. UXJL — Risk / Return Rank

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

DDFN

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

UXJL

UXJL Risk / Return Rank: 61
UXJL Sharpe Ratio Rank: 61
UXJL Sortino Ratio Rank: 59
UXJL Omega Ratio Rank: 57
UXJL Calmar Ratio Rank: 58
UXJL Martin Ratio Rank: 68

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.

DDFN vs. UXJL - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Innovator Equity Dual Directional 15 Buffer ETF - November (DDFN) and FT Vest U.S. Equity Uncapped Accelerator ETF - July (UXJL). 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.

	DDFN	UXJL	Difference
Sharpe ratio: Return per unit of total volatility	—	1.65	—
Sortino ratio: Return per unit of downside risk	—	2.30	—
Omega ratio: Gain probability vs. loss probability	—	1.29	—
Calmar ratio: Return relative to maximum drawdown	—	2.35	—
Martin ratio: Return relative to average drawdown	—	9.43	—

Drawdowns

DDFN vs. UXJL - Drawdown Comparison

The maximum DDFN drawdown since its inception was -3.40%, smaller than the maximum UXJL drawdown of -10.29%. Use the drawdown chart below to compare losses from any high point for DDFN and UXJL.

Drawdown Indicators

	DDFN	UXJL	Difference
Max Drawdown Largest peak-to-trough decline	-3.40%	-10.29%	+6.89%
Max Drawdown (1Y) Largest decline over 1 year	—	-10.29%	—
Current Drawdown Current decline from peak	0.00%	0.00%	0.00%
Average Drawdown Average peak-to-trough decline	-0.43%	-1.66%	+1.23%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	2.56%	—

Volatility

Volatility by Period

	DDFN	UXJL	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	4.54%	—
Volatility (6M) Calculated over the trailing 6-month period	—	11.81%	—
Volatility (1Y) Calculated over the trailing 1-year period	5.09%	14.72%	-9.63%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	5.09%	14.60%	-9.51%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	5.09%	14.60%	-9.51%

DDFN vs. UXJL - Expense Ratio Comparison

DDFN has a 0.79% expense ratio, which is lower than UXJL's 0.85% expense ratio.

Dividends

DDFN vs. UXJL - Dividend Comparison

Neither DDFN nor UXJL has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both DDFN and UXJL in my portfolio?

With a correlation of 0.90, DDFN and UXJL 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 ETF is better, DDFN or UXJL?

On fees, DDFN is cheaper at 0.79% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, DDFN or UXJL?

DDFN is cheaper with a 0.79% expense ratio, compared with 0.85% for UXJL.

Which ETF pays a higher dividend yield, DDFN or UXJL?

DDFN and UXJL have nearly identical dividend yields, around 0.00%.

What is the main difference between DDFN and UXJL?

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