JULM vs. UXJL

Last updated Jul 22, 2026

JULM (FT Vest U.S. Equity Max Buffer ETF - July) and UXJL (FT Vest U.S. Equity Uncapped Accelerator ETF - July) are both Defined Outcome funds from First Trust. Both are actively managed. Over the past year, JULM returned 6.23% vs 20.73% for UXJL. Their correlation of 0.87 suggests significant overlap in exposure. Both charge a 0.85% expense ratio.

Performance

JULM vs. UXJL - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in FT Vest U.S. Equity Max Buffer ETF - July (JULM) 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, JULM achieves a 3.25% return, which is significantly lower than UXJL's 10.45% return.

JULM

• 1D: 0.13%
• 1M: 0.42%
• 6M: 3.25%
• YTD: 3.25%
• 1Y: 6.23%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 6.95%

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)

JULM vs. UXJL - Yearly Performance Comparison

	2026 (YTD)	2025
JULM FT Vest U.S. Equity Max Buffer ETF - July	3.25%	2.90%
UXJL FT Vest U.S. Equity Uncapped Accelerator ETF - July	10.45%	8.62%

Correlation

The correlation between JULM and UXJL is 0.87, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.87
Correlation (All Time) Calculated using the full available price history since Jul 21, 2025	0.87

The correlation between JULM and UXJL has been stable across timeframes, ranging from 0.87 to 0.87 - a consistent structural relationship.

Return for Risk

JULM vs. UXJL — Risk / Return Rank

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

JULM

JULM Risk / Return Rank: 95
JULM Sharpe Ratio Rank: 95
JULM Sortino Ratio Rank: 96
JULM Omega Ratio Rank: 96
JULM Calmar Ratio Rank: 89
JULM Martin Ratio Rank: 95

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.

JULM vs. UXJL - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for FT Vest U.S. Equity Max Buffer ETF - July (JULM) 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.

	JULM	UXJL	Difference
Sharpe ratio: Return per unit of total volatility	2.99	1.45	+1.54
Sortino ratio: Return per unit of downside risk	4.74	2.03	+2.70
Omega ratio: Gain probability vs. loss probability	1.67	1.26	+0.42
Calmar ratio: Return relative to maximum drawdown	3.98	2.02	+1.96
Martin ratio: Return relative to average drawdown	23.25	8.30	+14.95

JULM vs. UXJL - Sharpe Ratio Comparison

The current JULM Sharpe Ratio is 2.99, which is higher than the UXJL Sharpe Ratio of 1.45. The chart below compares the historical Sharpe Ratios of JULM 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

JULM vs. UXJL - Drawdown Comparison

The maximum JULM drawdown since its inception was -4.42%, smaller than the maximum UXJL drawdown of -10.29%. Use the drawdown chart below to compare losses from any high point for JULM and UXJL.

Drawdown Indicators

	JULM	UXJL	Difference
Max Drawdown Largest peak-to-trough decline	-4.42%	-10.29%	+5.87%
Max Drawdown (1Y) Largest decline over 1 year	-1.57%	-10.29%	+8.72%
Current Drawdown Current decline from peak	-0.09%	-1.94%	+1.85%
Average Drawdown Average peak-to-trough decline	-0.32%	-1.62%	+1.30%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.27%	2.50%	-2.23%

Volatility

JULM vs. UXJL - Volatility Comparison

The current volatility for FT Vest U.S. Equity Max Buffer ETF - July (JULM) is 0.31%, while FT Vest U.S. Equity Uncapped Accelerator ETF - July (UXJL) has a volatility of 3.76%. This indicates that JULM 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

	JULM	UXJL	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.31%	3.76%	-3.45%
Volatility (6M) Calculated over the trailing 6-month period	1.69%	11.61%	-9.92%
Volatility (1Y) Calculated over the trailing 1-year period	2.09%	14.40%	-12.31%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	3.65%	14.40%	-10.75%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	3.65%	14.40%	-10.75%

JULM vs. UXJL - Expense Ratio Comparison

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

Dividends

JULM vs. UXJL - Dividend Comparison

Neither JULM nor UXJL has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both JULM and UXJL in my portfolio?

JULM and UXJL have a correlation of 0.87, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, JULM or UXJL?

UXJL has higher volatility (3.76%) compared to JULM (0.31%). In terms of maximum drawdown, JULM dropped -4.42% vs UXJL's -10.29%.

Which ETF is better, JULM or UXJL?

On 1-year performance, UXJL leads with 20.73% vs 6.23% for JULM. Both ETFs have the same 0.85% expense ratio. On volatility, JULM has been the lower-risk option at 0.31%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, JULM or UXJL?

Over the 1-year period, UXJL has performed better with a 20.73% return vs 6.23%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, JULM or UXJL?

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

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

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

Which has better risk-adjusted returns?

JULM currently has the higher Sharpe Ratio (2.99 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.