NBFR vs. UXJL

Last updated Jun 6, 2026

NBFR (Innovator Nasdaq-100 Managed 10 Buffer ETF) and UXJL (FT Vest U.S. Equity Uncapped Accelerator ETF - July) are both Defined Outcome funds. Both are actively managed. Their correlation of 0.85 suggests significant overlap in exposure. NBFR charges 0.79%/yr vs 0.85%/yr for UXJL.

Performance

NBFR vs. UXJL - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Innovator Nasdaq-100 Managed 10 Buffer ETF (NBFR) 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

NBFR

• 1D: -4.05%
• 1M: 0.92%
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

UXJL

• 1D: -3.02%
• 1M: 0.47%
• YTD: 8.90%
• 6M: 8.35%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

NBFR vs. UXJL - Yearly Performance Comparison

	2026 (YTD)
NBFR Innovator Nasdaq-100 Managed 10 Buffer ETF	3.19%
UXJL FT Vest U.S. Equity Uncapped Accelerator ETF - July	8.38%

Correlation

The correlation between NBFR and UXJL is 0.85, 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 Feb 25, 2026	0.85

Return for Risk

NBFR vs. UXJL - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Innovator Nasdaq-100 Managed 10 Buffer ETF (NBFR) 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.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Sharpe Ratios by Period

	NBFR	UXJL	Difference
Sharpe Ratio (All Time) Calculated using the full available price history	0.90	1.55	-0.64

Drawdowns

NBFR vs. UXJL - Drawdown Comparison

The maximum NBFR drawdown since its inception was -5.68%, smaller than the maximum UXJL drawdown of -10.29%. Use the drawdown chart below to compare losses from any high point for NBFR and UXJL.

Drawdown Indicators

	NBFR	UXJL	Difference
Max Drawdown Largest peak-to-trough decline	-5.68%	-10.29%	+4.61%
Current Drawdown Current decline from peak	-4.55%	-3.32%	-1.23%
Average Drawdown Average peak-to-trough decline	-1.33%	-1.51%	+0.18%

Volatility

Volatility by Period

	NBFR	UXJL	Difference
Volatility (1Y) Calculated over the trailing 1-year period	13.14%	14.24%	-1.10%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	13.14%	14.24%	-1.10%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	13.14%	14.24%	-1.10%

NBFR vs. UXJL - Expense Ratio Comparison

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

Dividends

NBFR vs. UXJL - Dividend Comparison

NBFR's dividend yield for the trailing twelve months is around 0.02%, while UXJL has not paid dividends to shareholders.

Position	TTM
NBFR Innovator Nasdaq-100 Managed 10 Buffer ETF	0.02%
UXJL FT Vest U.S. Equity Uncapped Accelerator ETF - July	0.00%

Frequently Asked Questions

Can I hold both NBFR and UXJL in my portfolio?

NBFR and UXJL have a correlation of 0.85, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, NBFR or UXJL?

On fees, NBFR is cheaper at 0.79% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, NBFR or UXJL?

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

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

NBFR has the higher dividend yield at 0.02%, compared with 0.00% for UXJL.

What is the main difference between NBFR and UXJL?

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