PQAP vs. UXJL

Last updated Jun 4, 2026

PQAP (PGIM Nasdaq-100 Buffer 12 ETF - April) and UXJL (FT Vest U.S. Equity Uncapped Accelerator ETF - July) are both Defined Outcome funds. Both are actively managed. Their correlation of 0.87 suggests significant overlap in exposure. PQAP charges 0.50%/yr vs 0.85%/yr for UXJL.

Performance

PQAP vs. UXJL - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in PGIM Nasdaq-100 Buffer 12 ETF - April (PQAP) 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

The year-to-date returns for both stocks are quite close, with PQAP having a 12.09% return and UXJL slightly lower at 11.78%.

PQAP

• 1D: -0.12%
• 1M: 2.44%
• YTD: 12.09%
• 6M: 13.01%
• 1Y: 21.47%
• 3Y*: —
• 5Y*: —
• 10Y*: —

UXJL

• 1D: -0.76%
• 1M: 6.02%
• YTD: 11.78%
• 6M: 11.50%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

PQAP vs. UXJL - Yearly Performance Comparison

	2026 (YTD)	2025
PQAP PGIM Nasdaq-100 Buffer 12 ETF - April	12.09%	5.05%
UXJL FT Vest U.S. Equity Uncapped Accelerator ETF - July	11.78%	9.31%

Correlation

The correlation between PQAP 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 (All Time) Calculated using the full available price history since Jul 22, 2025	0.87

Return for Risk

PQAP vs. UXJL — Risk / Return Rank

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

PQAP

PQAP Risk / Return Rank: 98
PQAP Sharpe Ratio Rank: 97
PQAP Sortino Ratio Rank: 98
PQAP Omega Ratio Rank: 98
PQAP Calmar Ratio Rank: 98
PQAP Martin Ratio Rank: 98

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.

PQAP vs. UXJL - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for PGIM Nasdaq-100 Buffer 12 ETF - April (PQAP) 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.

	PQAP	UXJL	Difference
Sharpe ratio: Return per unit of total volatility	4.86	—	—
Sortino ratio: Return per unit of downside risk	8.47	—	—
Omega ratio: Gain probability vs. loss probability	2.20	—	—
Calmar ratio: Return relative to maximum drawdown	15.50	—	—
Martin ratio: Return relative to average drawdown	86.25	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	PQAP	UXJL	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	4.86	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.76	1.87	-0.11

Drawdowns

PQAP vs. UXJL - Drawdown Comparison

The maximum PQAP drawdown since its inception was -10.79%, roughly equal to the maximum UXJL drawdown of -10.29%. Use the drawdown chart below to compare losses from any high point for PQAP and UXJL.

Drawdown Indicators

	PQAP	UXJL	Difference
Max Drawdown Largest peak-to-trough decline	-10.79%	-10.29%	-0.50%
Max Drawdown (1Y) Largest decline over 1 year	-1.39%	—	—
Current Drawdown Current decline from peak	-0.12%	-0.76%	+0.64%
Average Drawdown Average peak-to-trough decline	-0.60%	-1.51%	+0.91%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.25%	—	—

Volatility

Volatility by Period

	PQAP	UXJL	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.02%	—	—
Volatility (6M) Calculated over the trailing 6-month period	3.09%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	4.45%	13.90%	-9.45%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	11.03%	13.90%	-2.87%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	11.03%	13.90%	-2.87%

PQAP vs. UXJL - Expense Ratio Comparison

PQAP has a 0.50% expense ratio, which is lower than UXJL's 0.85% expense ratio.

Dividends

PQAP vs. UXJL - Dividend Comparison

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

Position	TTM	2025
PQAP PGIM Nasdaq-100 Buffer 12 ETF - April	0.02%	0.02%
UXJL FT Vest U.S. Equity Uncapped Accelerator ETF - July	0.00%	0.00%

Frequently Asked Questions

Can I hold both PQAP and UXJL in my portfolio?

PQAP 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 ETF is better, PQAP or UXJL?

On fees, PQAP is cheaper at 0.50% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, PQAP or UXJL?

PQAP is cheaper with a 0.50% expense ratio, compared with 0.85% for UXJL.

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

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

What is the main difference between PQAP and UXJL?

They also come from different issuers: PGIM and First Trust. Their fees differ too: 0.50% for PQAP and 0.85% for UXJL.