FLAO vs. UXJL

Last updated Jun 4, 2026

FLAO (AllianzIM U.S. Equity 6 Month Floor5 Apr/Oct ETF) and UXJL (FT Vest U.S. Equity Uncapped Accelerator ETF - July) are both Defined Outcome funds. Both are actively managed. Their correlation of 0.91 suggests significant overlap in exposure. FLAO charges 0.74%/yr vs 0.85%/yr for UXJL.

Performance

FLAO vs. UXJL - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in AllianzIM U.S. Equity 6 Month Floor5 Apr/Oct ETF (FLAO) 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, FLAO achieves a -0.85% return, which is significantly lower than UXJL's 11.78% return.

FLAO

• 1D: -0.05%
• 1M: 0.99%
• YTD: -0.85%
• 6M: -0.46%
• 1Y: 4.33%
• 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)

FLAO vs. UXJL - Yearly Performance Comparison

	2026 (YTD)	2025
FLAO AllianzIM U.S. Equity 6 Month Floor5 Apr/Oct ETF	-0.85%	3.23%
UXJL FT Vest U.S. Equity Uncapped Accelerator ETF - July	11.78%	9.31%

Correlation

The correlation between FLAO and UXJL is 0.91, 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	0.91

Return for Risk

FLAO vs. UXJL — Risk / Return Rank

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

FLAO

FLAO Risk / Return Rank: 22
FLAO Sharpe Ratio Rank: 23
FLAO Sortino Ratio Rank: 21
FLAO Omega Ratio Rank: 27
FLAO Calmar Ratio Rank: 16
FLAO Martin Ratio Rank: 21

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.

FLAO vs. UXJL - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for AllianzIM U.S. Equity 6 Month Floor5 Apr/Oct ETF (FLAO) 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.

	FLAO	UXJL	Difference
Sharpe ratio: Return per unit of total volatility	0.76	—	—
Sortino ratio: Return per unit of downside risk	1.06	—	—
Omega ratio: Gain probability vs. loss probability	1.18	—	—
Calmar ratio: Return relative to maximum drawdown	0.57	—	—
Martin ratio: Return relative to average drawdown	2.41	—	—
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

	FLAO	UXJL	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.76	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.76	1.87	-1.11

Drawdowns

FLAO vs. UXJL - Drawdown Comparison

The maximum FLAO drawdown since its inception was -10.12%, roughly equal to the maximum UXJL drawdown of -10.29%. Use the drawdown chart below to compare losses from any high point for FLAO and UXJL.

Drawdown Indicators

	FLAO	UXJL	Difference
Max Drawdown Largest peak-to-trough decline	-10.12%	-10.29%	+0.17%
Max Drawdown (1Y) Largest decline over 1 year	-7.60%	—	—
Current Drawdown Current decline from peak	-2.07%	-0.76%	-1.31%
Average Drawdown Average peak-to-trough decline	-1.90%	-1.51%	-0.39%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.80%	—	—

Volatility

Volatility by Period

	FLAO	UXJL	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.32%	—	—
Volatility (6M) Calculated over the trailing 6-month period	5.15%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	5.69%	13.90%	-8.21%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	7.50%	13.90%	-6.40%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	7.50%	13.90%	-6.40%

FLAO vs. UXJL - Expense Ratio Comparison

FLAO has a 0.74% expense ratio, which is lower than UXJL's 0.85% expense ratio.

Dividends

FLAO vs. UXJL - Dividend Comparison

Neither FLAO nor UXJL has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both FLAO and UXJL in my portfolio?

With a correlation of 0.91, FLAO 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, FLAO or UXJL?

On fees, FLAO is cheaper at 0.74% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, FLAO or UXJL?

FLAO is cheaper with a 0.74% expense ratio, compared with 0.85% for UXJL.

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

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

What is the main difference between FLAO and UXJL?

They also come from different issuers: Allianz and First Trust. Their fees differ too: 0.74% for FLAO and 0.85% for UXJL.