DECP vs. UXJA

Last updated Aug 6, 2026

DECP (PGIM S&P 500 Buffer 12 ETF - December) and UXJA (FT Vest U.S. Equity Uncapped Accelerator ETF - January) are both Defined Outcome funds. Both are actively managed. Over the past year, DECP returned 18.12% vs 25.34% for UXJA. Their 0.96 correlation means they have historically moved very closely together. DECP charges 0.50%/yr vs 0.85%/yr for UXJA.

Performance

DECP vs. UXJA - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in PGIM S&P 500 Buffer 12 ETF - December (DECP) 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, DECP achieves a 8.87% return, which is significantly lower than UXJA's 14.20% return.

DECP

• 1D: 0.53%
• 1M: 1.63%
• 6M: 8.00%
• YTD: 8.87%
• 1Y: 18.12%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 13.50%

UXJA

• 1D: -0.11%
• 1M: 2.89%
• 6M: 13.48%
• YTD: 14.20%
• 1Y: 25.34%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 19.05%

*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)
DECP PGIM S&P 500 Buffer 12 ETF - December	$124.04K	$131.41K	$270.75K
UXJA FT Vest U.S. Equity Uncapped Accelerator ETF - January	$50.11K	$64.18K	$76.75K

DECP vs. UXJA - Yearly Performance Comparison

	2026 (YTD)	2025
DECP PGIM S&P 500 Buffer 12 ETF - December	8.87%	13.30%
UXJA FT Vest U.S. Equity Uncapped Accelerator ETF - January	14.20%	14.47%

Correlation

The correlation between DECP and UXJA is 0.94, 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.	0.94
Correlation (All Time) Calculated using the full available price history since Jan 21, 2025	0.96

The correlation between DECP and UXJA has been stable across timeframes, ranging from 0.94 to 0.96 - a consistent structural relationship.

Return for Risk

DECP vs. UXJA — Risk / Return Rank

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

DECP

DECP Risk / Return Rank: 76
DECP Sharpe Ratio Rank: 64
DECP Sortino Ratio Rank: 65
DECP Omega Ratio Rank: 81
DECP Calmar Ratio Rank: 80
DECP Martin Ratio Rank: 89

UXJA

UXJA Risk / Return Rank: 65
UXJA Sharpe Ratio Rank: 66
UXJA Sortino Ratio Rank: 63
UXJA Omega Ratio Rank: 61
UXJA Calmar Ratio Rank: 65
UXJA Martin Ratio Rank: 72

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.

DECP vs. UXJA - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for PGIM S&P 500 Buffer 12 ETF - December (DECP) 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.

	DECP	UXJA	Difference
Sharpe ratio: Return per unit of total volatility	1.71	1.75	-0.04
Sortino ratio: Return per unit of downside risk	2.46	2.41	+0.05
Omega ratio: Gain probability vs. loss probability	1.38	1.30	+0.08
Calmar ratio: Return relative to maximum drawdown	3.29	2.59	+0.70
Martin ratio: Return relative to average drawdown	15.13	10.21	+4.92

DECP vs. UXJA - Sharpe Ratio Comparison

The current DECP Sharpe Ratio is 1.71, which is comparable to the UXJA Sharpe Ratio of 1.75. The chart below compares the historical Sharpe Ratios of DECP 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

DECP vs. UXJA - Drawdown Comparison

The maximum DECP drawdown since its inception was -12.12%, smaller than the maximum UXJA drawdown of -20.01%. Use the drawdown chart below to compare losses from any high point for DECP and UXJA.

Drawdown Indicators

	DECP	UXJA	Difference
Max Drawdown Largest peak-to-trough decline	-12.12%	-20.01%	+7.89%
Max Drawdown (1Y) Largest decline over 1 year	-5.54%	-9.83%	+4.29%
Current Drawdown Current decline from peak	0.00%	-0.11%	+0.11%
Average Drawdown Average peak-to-trough decline	-1.09%	-2.88%	+1.79%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.20%	2.49%	-1.29%

Volatility

DECP vs. UXJA - Volatility Comparison

The current volatility for PGIM S&P 500 Buffer 12 ETF - December (DECP) is 2.16%, while FT Vest U.S. Equity Uncapped Accelerator ETF - January (UXJA) has a volatility of 4.64%. This indicates that DECP 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

	DECP	UXJA	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.16%	4.64%	-2.48%
Volatility (6M) Calculated over the trailing 6-month period	9.16%	11.35%	-2.19%
Volatility (1Y) Calculated over the trailing 1-year period	10.66%	14.58%	-3.92%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	10.80%	18.40%	-7.60%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	10.80%	18.40%	-7.60%

DECP vs. UXJA - Expense Ratio Comparison

DECP has a 0.50% expense ratio, which is lower than UXJA's 0.85% expense ratio.

Dividends

DECP vs. UXJA - Dividend Comparison

Neither DECP nor UXJA has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both DECP and UXJA in my portfolio?

With a correlation of 0.94, DECP 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, DECP or UXJA?

UXJA has higher volatility (4.64%) compared to DECP (2.16%). In terms of maximum drawdown, DECP dropped -12.12% vs UXJA's -20.01%.

Which ETF is better, DECP or UXJA?

On 1-year performance, UXJA leads with 25.34% vs 18.12% for DECP. On fees, DECP is cheaper at 0.50% per year. On volatility, DECP has been the lower-risk option at 2.16%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, DECP or UXJA?

Over the 1-year period, UXJA has performed better with a 25.34% return vs 18.12%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, DECP or UXJA?

DECP is cheaper with a 0.50% expense ratio, compared with 0.85% for UXJA.

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

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

What is the main difference between DECP and UXJA?

They also come from different issuers: PGIM and First Trust. Their fees differ too: 0.50% for DECP and 0.85% for UXJA.

Which has better risk-adjusted returns?

UXJA currently has the higher Sharpe Ratio (1.75 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.