FBUF vs. UXJL

Last updated Jun 4, 2026

FBUF (Fidelity Dynamic Buffered Equity ETF) and UXJL (FT Vest U.S. Equity Uncapped Accelerator ETF - July) are both Defined Outcome funds. Both are actively managed. Their correlation of 0.92 suggests significant overlap in exposure. FBUF charges 0.48%/yr vs 0.85%/yr for UXJL.

Performance

FBUF vs. UXJL - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity Dynamic Buffered Equity ETF (FBUF) 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, FBUF achieves a 5.32% return, which is significantly lower than UXJL's 11.78% return.

FBUF

• 1D: -0.12%
• 1M: 2.85%
• YTD: 5.32%
• 6M: 6.28%
• 1Y: 19.61%
• 3Y*: —
• 5Y*: —
• 10Y*: —

UXJL

• 1D: -0.76%
• 1M: 6.02%
• YTD: 11.78%
• 6M: 11.50%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

FBUF vs. UXJL - Yearly Performance Comparison

	2026 (YTD)	2025
FBUF Fidelity Dynamic Buffered Equity ETF	5.32%	9.32%
UXJL FT Vest U.S. Equity Uncapped Accelerator ETF - July	11.78%	9.31%

Correlation

The correlation between FBUF and UXJL is 0.92, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (All Time) Calculated using the full available price history since Jul 22, 2025	0.92

Return for Risk

FBUF vs. UXJL — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

FBUF

FBUF Risk / Return Rank: 79
FBUF Sharpe Ratio Rank: 80
FBUF Sortino Ratio Rank: 79
FBUF Omega Ratio Rank: 86
FBUF Calmar Ratio Rank: 70
FBUF Martin Ratio Rank: 80

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

FBUF vs. UXJL - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Dynamic Buffered Equity ETF (FBUF) 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.

	FBUF	UXJL	Difference
Sharpe ratio: Return per unit of total volatility	2.63	—	—
Sortino ratio: Return per unit of downside risk	3.55	—	—
Omega ratio: Gain probability vs. loss probability	1.53	—	—
Calmar ratio: Return relative to maximum drawdown	3.51	—	—
Martin ratio: Return relative to average drawdown	15.68	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	FBUF	UXJL	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.63	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.47	1.87	-0.40

Drawdowns

FBUF vs. UXJL - Drawdown Comparison

The maximum FBUF drawdown since its inception was -11.09%, which is greater than UXJL's maximum drawdown of -10.29%. Use the drawdown chart below to compare losses from any high point for FBUF and UXJL.

Drawdown Indicators

	FBUF	UXJL	Difference
Max Drawdown Largest peak-to-trough decline	-11.09%	-10.29%	-0.80%
Max Drawdown (1Y) Largest decline over 1 year	-5.61%	—	—
Current Drawdown Current decline from peak	-0.22%	-0.76%	+0.54%
Average Drawdown Average peak-to-trough decline	-1.38%	-1.51%	+0.13%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.25%	—	—

Volatility

Volatility by Period

	FBUF	UXJL	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.11%	—	—
Volatility (6M) Calculated over the trailing 6-month period	5.37%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	7.49%	13.90%	-6.41%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	9.55%	13.90%	-4.35%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	9.55%	13.90%	-4.35%

FBUF vs. UXJL - Expense Ratio Comparison

FBUF has a 0.48% expense ratio, which is lower than UXJL's 0.85% expense ratio.

Dividends

FBUF vs. UXJL - Dividend Comparison

FBUF's dividend yield for the trailing twelve months is around 0.63%, while UXJL has not paid dividends to shareholders.

Position	TTM	2025	2024
FBUF Fidelity Dynamic Buffered Equity ETF	0.63%	0.64%	0.54%
UXJL FT Vest U.S. Equity Uncapped Accelerator ETF - July	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both FBUF and UXJL in my portfolio?

With a correlation of 0.92, FBUF 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, FBUF or UXJL?

On fees, FBUF is cheaper at 0.48% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, FBUF or UXJL?

FBUF is cheaper with a 0.48% expense ratio, compared with 0.85% for UXJL.

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

FBUF has the higher dividend yield at 0.63%, compared with 0.00% for UXJL.

What is the main difference between FBUF and UXJL?

They also come from different issuers: Fidelity and First Trust. Their fees differ too: 0.48% for FBUF and 0.85% for UXJL.