MAYZ vs. UXJL

Last updated Aug 2, 2026

MAYZ (TrueShares Structured Outcome (May) ETF) and UXJL (FT Vest U.S. Equity Uncapped Accelerator ETF - July) are both Defined Outcome funds. MAYZ is passively managed, while UXJL is actively managed. Over the past year, MAYZ returned 16.44% vs 21.89% for UXJL. Their 0.98 correlation means they have historically moved very closely together. MAYZ charges 0.79%/yr vs 0.85%/yr for UXJL.

Performance

MAYZ vs. UXJL - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in TrueShares Structured Outcome (May) ETF (MAYZ) 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, MAYZ achieves a 7.81% return, which is significantly lower than UXJL's 10.27% return.

MAYZ

• 1D: 0.72%
• 1M: 0.23%
• 6M: 6.72%
• YTD: 7.81%
• 1Y: 16.44%
• 3Y*: 14.31%
• 5Y*: 8.86%
• 10Y*: —
• ALL TIME*: 9.16%

UXJL

• 1D: 0.93%
• 1M: 0.21%
• 6M: 8.78%
• YTD: 10.27%
• 1Y: 21.89%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 19.22%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
MAYZ TrueShares Structured Outcome (May) ETF	$17.31K	$18.56K	$174.11K
UXJL FT Vest U.S. Equity Uncapped Accelerator ETF - July	$17.25K	$15.17K	$23.14K

MAYZ vs. UXJL - Yearly Performance Comparison

	2026 (YTD)	2025
MAYZ TrueShares Structured Outcome (May) ETF	7.81%	7.33%
UXJL FT Vest U.S. Equity Uncapped Accelerator ETF - July	10.27%	8.62%

Correlation

The correlation between MAYZ and UXJL is 0.99 - they have historically moved very closely together. At this level, their price movements offset little of one another.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.99
Correlation (All Time) Calculated using the full available price history since Jul 21, 2025	0.98

The correlation between MAYZ and UXJL has been stable across timeframes, ranging from 0.98 to 0.99 - a consistent structural relationship.

Return for Risk

MAYZ vs. UXJL — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

MAYZ

MAYZ Risk / Return Rank: 55
MAYZ Sharpe Ratio Rank: 58
MAYZ Sortino Ratio Rank: 56
MAYZ Omega Ratio Rank: 55
MAYZ Calmar Ratio Rank: 48
MAYZ Martin Ratio Rank: 61

UXJL

UXJL Risk / Return Rank: 56
UXJL Sharpe Ratio Rank: 55
UXJL Sortino Ratio Rank: 54
UXJL Omega Ratio Rank: 53
UXJL Calmar Ratio Rank: 53
UXJL Martin Ratio Rank: 64

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

MAYZ vs. UXJL - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for TrueShares Structured Outcome (May) ETF (MAYZ) 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.

	MAYZ	UXJL	Difference
Sharpe ratio: Return per unit of total volatility	1.38	1.35	+0.03
Sortino ratio: Return per unit of downside risk	1.96	1.90	+0.06
Omega ratio: Gain probability vs. loss probability	1.24	1.24	+0.01
Calmar ratio: Return relative to maximum drawdown	1.73	1.92	-0.19
Martin ratio: Return relative to average drawdown	7.43	7.73	-0.30

MAYZ vs. UXJL - Sharpe Ratio Comparison

The current MAYZ Sharpe Ratio is 1.38, which is comparable to the UXJL Sharpe Ratio of 1.35. The chart below compares the historical Sharpe Ratios of MAYZ 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

MAYZ vs. UXJL - Drawdown Comparison

The maximum MAYZ drawdown since its inception was -19.23%, which is greater than UXJL's maximum drawdown of -10.29%. Use the drawdown chart below to compare losses from any high point for MAYZ and UXJL.

Drawdown Indicators

	MAYZ	UXJL	Difference
Max Drawdown Largest peak-to-trough decline	-19.23%	-10.29%	-8.94%
Max Drawdown (1Y) Largest decline over 1 year	-8.73%	-10.29%	+1.56%
Max Drawdown (3Y) Largest decline over 3 years	-13.88%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-19.23%	—	—
Current Drawdown Current decline from peak	-1.14%	-2.10%	+0.96%
Average Drawdown Average peak-to-trough decline	-4.66%	-1.67%	-2.99%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.03%	2.56%	-0.53%

Volatility

MAYZ vs. UXJL - Volatility Comparison

The current volatility for TrueShares Structured Outcome (May) ETF (MAYZ) is 2.84%, while FT Vest U.S. Equity Uncapped Accelerator ETF - July (UXJL) has a volatility of 3.98%. This indicates that MAYZ 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

	MAYZ	UXJL	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.84%	3.98%	-1.14%
Volatility (6M) Calculated over the trailing 6-month period	8.78%	11.60%	-2.82%
Volatility (1Y) Calculated over the trailing 1-year period	10.99%	14.65%	-3.66%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	12.16%	14.47%	-2.31%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	12.01%	14.47%	-2.46%

MAYZ vs. UXJL - Expense Ratio Comparison

MAYZ has a 0.79% expense ratio, which is lower than UXJL's 0.85% expense ratio.

Dividends

MAYZ vs. UXJL - Dividend Comparison

MAYZ's dividend yield for the trailing twelve months is around 2.00%, while UXJL has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021
MAYZ TrueShares Structured Outcome (May) ETF	2.00%	2.15%	1.95%	2.75%	0.69%	1.90%
UXJL FT Vest U.S. Equity Uncapped Accelerator ETF - July	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both MAYZ and UXJL in my portfolio?

With a correlation of 0.99, MAYZ 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 is riskier, MAYZ or UXJL?

UXJL has higher volatility (3.98%) compared to MAYZ (2.84%). In terms of maximum drawdown, MAYZ dropped -19.23% vs UXJL's -10.29%.

Which ETF is better, MAYZ or UXJL?

On 1-year performance, UXJL leads with 21.89% vs 16.44% for MAYZ. On fees, MAYZ is cheaper at 0.79% per year. On volatility, MAYZ has been the lower-risk option at 2.84%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, MAYZ or UXJL?

Over the 1-year period, UXJL has performed better with a 21.89% return vs 16.44%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, MAYZ or UXJL?

MAYZ is cheaper with a 0.79% expense ratio, compared with 0.85% for UXJL.

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

MAYZ has the higher dividend yield at 2.00%, compared with 0.00% for UXJL.

What is the main difference between MAYZ and UXJL?

They also come from different issuers: TrueShares and First Trust. Their fees differ too: 0.79% for MAYZ and 0.85% for UXJL.

Which has better risk-adjusted returns?

MAYZ currently has the higher Sharpe Ratio (1.38 vs 1.35), 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.