ISEP vs. UXJL

Last updated Jul 22, 2026

ISEP (Innovator International Developed Power Buffer ETF - September) and UXJL (FT Vest U.S. Equity Uncapped Accelerator ETF - July) are both Defined Outcome funds. Both are actively managed. Over the past year, ISEP returned 13.34% vs 20.73% for UXJL. A 0.72 correlation means they provide meaningful diversification when combined. Both charge a 0.85% expense ratio.

Performance

ISEP vs. UXJL - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Innovator International Developed Power Buffer ETF - September (ISEP) 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, ISEP achieves a 6.71% return, which is significantly lower than UXJL's 10.45% return.

ISEP

• 1D: 0.56%
• 1M: 0.54%
• 6M: 5.58%
• YTD: 6.71%
• 1Y: 13.34%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 11.92%

UXJL

• 1D: 0.82%
• 1M: -0.28%
• 6M: 11.53%
• YTD: 10.45%
• 1Y: 20.73%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 19.98%

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

ISEP vs. UXJL - Yearly Performance Comparison

	2026 (YTD)	2025
ISEP Innovator International Developed Power Buffer ETF - September	6.71%	6.70%
UXJL FT Vest U.S. Equity Uncapped Accelerator ETF - July	10.45%	8.62%

Correlation

The correlation between ISEP and UXJL is 0.73, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.73
Correlation (All Time) Calculated using the full available price history since Jul 21, 2025	0.72

The correlation between ISEP and UXJL has been stable across timeframes, ranging from 0.72 to 0.73 - a consistent structural relationship.

Return for Risk

ISEP vs. UXJL — Risk / Return Rank

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

ISEP

ISEP Risk / Return Rank: 63
ISEP Sharpe Ratio Rank: 61
ISEP Sortino Ratio Rank: 64
ISEP Omega Ratio Rank: 61
ISEP Calmar Ratio Rank: 65
ISEP Martin Ratio Rank: 67

UXJL

UXJL Risk / Return Rank: 56
UXJL Sharpe Ratio Rank: 56
UXJL Sortino Ratio Rank: 54
UXJL Omega Ratio Rank: 53
UXJL Calmar Ratio Rank: 53
UXJL Martin Ratio Rank: 63

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.

ISEP vs. UXJL - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Innovator International Developed Power Buffer ETF - September (ISEP) 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.

	ISEP	UXJL	Difference
Sharpe ratio: Return per unit of total volatility	1.54	1.45	+0.10
Sortino ratio: Return per unit of downside risk	2.28	2.03	+0.25
Omega ratio: Gain probability vs. loss probability	1.28	1.26	+0.03
Calmar ratio: Return relative to maximum drawdown	2.45	2.02	+0.42
Martin ratio: Return relative to average drawdown	8.85	8.30	+0.56

ISEP vs. UXJL - Sharpe Ratio Comparison

The current ISEP Sharpe Ratio is 1.54, which is comparable to the UXJL Sharpe Ratio of 1.45. The chart below compares the historical Sharpe Ratios of ISEP and UXJL, 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

ISEP vs. UXJL - Drawdown Comparison

The maximum ISEP drawdown since its inception was -7.36%, smaller than the maximum UXJL drawdown of -10.29%. Use the drawdown chart below to compare losses from any high point for ISEP and UXJL.

Drawdown Indicators

	ISEP	UXJL	Difference
Max Drawdown Largest peak-to-trough decline	-7.36%	-10.29%	+2.93%
Max Drawdown (1Y) Largest decline over 1 year	-5.48%	-10.29%	+4.81%
Current Drawdown Current decline from peak	-0.23%	-1.94%	+1.71%
Average Drawdown Average peak-to-trough decline	-1.50%	-1.62%	+0.12%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.51%	2.50%	-0.99%

Volatility

ISEP vs. UXJL - Volatility Comparison

The current volatility for Innovator International Developed Power Buffer ETF - September (ISEP) is 1.80%, while FT Vest U.S. Equity Uncapped Accelerator ETF - July (UXJL) has a volatility of 3.76%. This indicates that ISEP experiences smaller price fluctuations and is considered to be less risky than UXJL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	ISEP	UXJL	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.80%	3.76%	-1.96%
Volatility (6M) Calculated over the trailing 6-month period	6.57%	11.61%	-5.04%
Volatility (1Y) Calculated over the trailing 1-year period	8.68%	14.40%	-5.72%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	9.45%	14.40%	-4.95%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	9.45%	14.40%	-4.95%

ISEP vs. UXJL - Expense Ratio Comparison

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

Dividends

ISEP vs. UXJL - Dividend Comparison

Neither ISEP nor UXJL has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both ISEP and UXJL in my portfolio?

ISEP and UXJL have a correlation of 0.73, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, ISEP or UXJL?

UXJL has higher volatility (3.76%) compared to ISEP (1.80%). In terms of maximum drawdown, ISEP dropped -7.36% vs UXJL's -10.29%.

Which ETF is better, ISEP or UXJL?

On 1-year performance, UXJL leads with 20.73% vs 13.34% for ISEP. Both ETFs have the same 0.85% expense ratio. On volatility, ISEP has been the lower-risk option at 1.80%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, ISEP or UXJL?

Over the 1-year period, UXJL has performed better with a 20.73% return vs 13.34%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, ISEP or UXJL?

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

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

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

What is the main difference between ISEP and UXJL?

They also come from different issuers: Innovator and First Trust.

Which has better risk-adjusted returns?

ISEP currently has the higher Sharpe Ratio (1.54 vs 1.45), 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.