DLFE vs. UXJL

Last updated Jun 6, 2026

DLFE (FT Vest U.S. Equity Dual Directional Buffer ETF - February) and UXJL (FT Vest U.S. Equity Uncapped Accelerator ETF - July) are both Defined Outcome funds from First Trust. DLFE is passively managed, while UXJL is actively managed. With a 0.96 correlation, they move nearly in lockstep. Both charge a 0.85% expense ratio.

Performance

DLFE vs. UXJL - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in FT Vest U.S. Equity Dual Directional Buffer ETF - February (DLFE) 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

DLFE

• 1D: -0.74%
• 1M: 0.34%
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

UXJL

• 1D: -3.02%
• 1M: 0.47%
• YTD: 8.90%
• 6M: 8.35%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

DLFE vs. UXJL - Yearly Performance Comparison

	2026 (YTD)
DLFE FT Vest U.S. Equity Dual Directional Buffer ETF - February	4.27%
UXJL FT Vest U.S. Equity Uncapped Accelerator ETF - July	9.47%

Correlation

The correlation between DLFE and UXJL is 0.96 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.

	Correlation
Correlation (All Time) Calculated using the full available price history since Feb 24, 2026	0.96

Return for Risk

DLFE vs. UXJL - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for FT Vest U.S. Equity Dual Directional Buffer ETF - February (DLFE) 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.

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

Sharpe Ratios by Period

	DLFE	UXJL	Difference
Sharpe Ratio (All Time) Calculated using the full available price history	1.98	1.55	+0.44

Drawdowns

DLFE vs. UXJL - Drawdown Comparison

The maximum DLFE drawdown since its inception was -5.03%, smaller than the maximum UXJL drawdown of -10.29%. Use the drawdown chart below to compare losses from any high point for DLFE and UXJL.

Drawdown Indicators

	DLFE	UXJL	Difference
Max Drawdown Largest peak-to-trough decline	-5.03%	-10.29%	+5.26%
Current Drawdown Current decline from peak	-0.88%	-3.32%	+2.44%
Average Drawdown Average peak-to-trough decline	-0.98%	-1.51%	+0.53%

Volatility

Volatility by Period

	DLFE	UXJL	Difference
Volatility (1Y) Calculated over the trailing 1-year period	8.01%	14.24%	-6.23%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	8.01%	14.24%	-6.23%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	8.01%	14.24%	-6.23%

DLFE vs. UXJL - Expense Ratio Comparison

Both DLFE and UXJL have an expense ratio of 0.85%.

Dividends

DLFE vs. UXJL - Dividend Comparison

Neither DLFE nor UXJL has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both DLFE and UXJL in my portfolio?

With a correlation of 0.96, DLFE 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, DLFE or UXJL?

Both ETFs have the same 0.85% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, DLFE or UXJL?

DLFE and UXJL have the same expense ratio: 0.85% per year.

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

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