NJAN vs. UXJA

Last updated Aug 5, 2026

NJAN (Innovator Growth-100 Power Buffer ETF - January) and UXJA (FT Vest U.S. Equity Uncapped Accelerator ETF - January) are both Defined Outcome funds. NJAN is passively managed, while UXJA is actively managed. Over the past year, NJAN returned 15.08% vs 24.80% for UXJA. Their correlation of 0.91 means they have usually moved in the same direction. NJAN charges 0.79%/yr vs 0.85%/yr for UXJA.

Performance

NJAN vs. UXJA - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Innovator Growth-100 Power Buffer ETF - January (NJAN) and FT Vest U.S. Equity Uncapped Accelerator ETF - January (UXJA). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, NJAN achieves a 8.06% return, which is significantly lower than UXJA's 14.32% return.

NJAN

• 1D: 0.83%
• 1M: 1.42%
• 6M: 7.78%
• YTD: 8.06%
• 1Y: 15.08%
• 3Y*: 13.89%
• 5Y*: 7.57%
• 10Y*: —
• ALL TIME*: 8.28%

UXJA

• 1D: 2.20%
• 1M: 4.00%
• 6M: 12.94%
• YTD: 14.32%
• 1Y: 24.80%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 19.18%

*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)
NJAN Innovator Growth-100 Power Buffer ETF - January	$285.12K	$524.75K	$731.29K
UXJA FT Vest U.S. Equity Uncapped Accelerator ETF - January	$38.72K	$57.90K	$74.79K

NJAN vs. UXJA - Yearly Performance Comparison

	2026 (YTD)	2025
NJAN Innovator Growth-100 Power Buffer ETF - January	8.06%	12.84%
UXJA FT Vest U.S. Equity Uncapped Accelerator ETF - January	14.32%	14.47%

Correlation

The correlation between NJAN and UXJA is 0.90, meaning they have usually moved in the same direction, including during past declines.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.90
Correlation (All Time) Calculated using the full available price history since Jan 21, 2025	0.91

The correlation between NJAN and UXJA has been stable across timeframes, ranging from 0.90 to 0.91 - a consistent structural relationship.

Return for Risk

NJAN vs. UXJA — Risk / Return Rank

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

NJAN

NJAN Risk / Return Rank: 77
NJAN Sharpe Ratio Rank: 79
NJAN Sortino Ratio Rank: 80
NJAN Omega Ratio Rank: 81
NJAN Calmar Ratio Rank: 65
NJAN Martin Ratio Rank: 80

UXJA

UXJA Risk / Return Rank: 64
UXJA Sharpe Ratio Rank: 64
UXJA Sortino Ratio Rank: 62
UXJA Omega Ratio Rank: 60
UXJA Calmar Ratio Rank: 64
UXJA Martin Ratio Rank: 71

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.

NJAN vs. UXJA - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Innovator Growth-100 Power Buffer ETF - January (NJAN) and FT Vest U.S. Equity Uncapped Accelerator ETF - January (UXJA). 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.

	NJAN	UXJA	Difference
Sharpe ratio: Return per unit of total volatility	2.02	1.71	+0.31
Sortino ratio: Return per unit of downside risk	2.90	2.36	+0.54
Omega ratio: Gain probability vs. loss probability	1.38	1.30	+0.08
Calmar ratio: Return relative to maximum drawdown	2.57	2.53	+0.03
Martin ratio: Return relative to average drawdown	11.74	9.99	+1.74

NJAN vs. UXJA - Sharpe Ratio Comparison

The current NJAN Sharpe Ratio is 2.02, which is comparable to the UXJA Sharpe Ratio of 1.71. The chart below compares the historical Sharpe Ratios of NJAN and UXJA, 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

NJAN vs. UXJA - Drawdown Comparison

The maximum NJAN drawdown since its inception was -20.70%, roughly equal to the maximum UXJA drawdown of -20.01%. Use the drawdown chart below to compare losses from any high point for NJAN and UXJA.

Drawdown Indicators

	NJAN	UXJA	Difference
Max Drawdown Largest peak-to-trough decline	-20.70%	-20.01%	-0.69%
Max Drawdown (1Y) Largest decline over 1 year	-5.90%	-9.83%	+3.93%
Max Drawdown (3Y) Largest decline over 3 years	-13.14%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-20.70%	—	—
Current Drawdown Current decline from peak	0.00%	0.00%	0.00%
Average Drawdown Average peak-to-trough decline	-3.74%	-2.89%	-0.85%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.29%	2.49%	-1.20%

Volatility

NJAN vs. UXJA - Volatility Comparison

The current volatility for Innovator Growth-100 Power Buffer ETF - January (NJAN) is 2.40%, while FT Vest U.S. Equity Uncapped Accelerator ETF - January (UXJA) has a volatility of 4.69%. This indicates that NJAN experiences smaller price fluctuations and is considered to be less risky than UXJA based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	NJAN	UXJA	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.40%	4.69%	-2.29%
Volatility (6M) Calculated over the trailing 6-month period	6.40%	11.39%	-4.99%
Volatility (1Y) Calculated over the trailing 1-year period	7.55%	14.65%	-7.10%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	12.38%	18.42%	-6.04%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	12.83%	18.42%	-5.59%

NJAN vs. UXJA - Expense Ratio Comparison

NJAN has a 0.79% expense ratio, which is lower than UXJA's 0.85% expense ratio.

Dividends

NJAN vs. UXJA - Dividend Comparison

Neither NJAN nor UXJA has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both NJAN and UXJA in my portfolio?

With a correlation of 0.90, NJAN and UXJA 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, NJAN or UXJA?

UXJA has higher volatility (4.69%) compared to NJAN (2.40%). In terms of maximum drawdown, NJAN dropped -20.70% vs UXJA's -20.01%.

Which ETF is better, NJAN or UXJA?

On 1-year performance, UXJA leads with 24.80% vs 15.08% for NJAN. On fees, NJAN is cheaper at 0.79% per year. On volatility, NJAN has been the lower-risk option at 2.40%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, NJAN or UXJA?

Over the 1-year period, UXJA has performed better with a 24.80% return vs 15.08%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, NJAN or UXJA?

NJAN is cheaper with a 0.79% expense ratio, compared with 0.85% for UXJA.

Which ETF pays a higher dividend yield, NJAN or UXJA?

NJAN and UXJA have nearly identical dividend yields, around 0.00%.

What is the main difference between NJAN and UXJA?

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

Which has better risk-adjusted returns?

NJAN currently has the higher Sharpe Ratio (2.02 vs 1.71), 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.