SEPM vs. UXJL

Last updated Jun 6, 2026

SEPM (FT Vest U.S. Equity Max Buffer ETF - September) and UXJL (FT Vest U.S. Equity Uncapped Accelerator ETF - July) are both Defined Outcome funds from First Trust. Both are actively managed. Their correlation of 0.91 suggests significant overlap in exposure. Both charge a 0.85% expense ratio.

Performance

SEPM 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 - September (SEPM) 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, SEPM achieves a 2.68% return, which is significantly lower than UXJL's 8.90% return.

SEPM

• 1D: -0.31%
• 1M: 0.32%
• YTD: 2.68%
• 6M: 3.04%
• 1Y: 7.54%
• 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)

SEPM vs. UXJL - Yearly Performance Comparison

	2026 (YTD)	2025
SEPM FT Vest U.S. Equity Max Buffer ETF - September	2.68%	2.78%
UXJL FT Vest U.S. Equity Uncapped Accelerator ETF - July	8.90%	9.31%

Correlation

The correlation between SEPM and UXJL is 0.91, 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	0.91

Return for Risk

SEPM vs. UXJL — Risk / Return Rank

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

SEPM

SEPM Risk / Return Rank: 91
SEPM Sharpe Ratio Rank: 91
SEPM Sortino Ratio Rank: 94
SEPM Omega Ratio Rank: 94
SEPM Calmar Ratio Rank: 83
SEPM Martin Ratio Rank: 91

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.

SEPM 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 - September (SEPM) 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.

	SEPM	UXJL	Difference
Sharpe ratio: Return per unit of total volatility	2.96	—	—
Sortino ratio: Return per unit of downside risk	4.56	—	—
Omega ratio: Gain probability vs. loss probability	1.63	—	—
Calmar ratio: Return relative to maximum drawdown	4.15	—	—
Martin ratio: Return relative to average drawdown	21.04	—	—
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

	SEPM	UXJL	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.96	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.72	1.55	+0.17

Drawdowns

SEPM vs. UXJL - Drawdown Comparison

The maximum SEPM drawdown since its inception was -3.88%, smaller than the maximum UXJL drawdown of -10.29%. Use the drawdown chart below to compare losses from any high point for SEPM and UXJL.

Drawdown Indicators

	SEPM	UXJL	Difference
Max Drawdown Largest peak-to-trough decline	-3.88%	-10.29%	+6.41%
Max Drawdown (1Y) Largest decline over 1 year	-1.82%	—	—
Current Drawdown Current decline from peak	-0.32%	-3.32%	+3.00%
Average Drawdown Average peak-to-trough decline	-0.36%	-1.51%	+1.15%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.36%	—	—

Volatility

Volatility by Period

	SEPM	UXJL	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.44%	—	—
Volatility (6M) Calculated over the trailing 6-month period	2.00%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	2.56%	14.24%	-11.68%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	3.50%	14.24%	-10.74%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	3.50%	14.24%	-10.74%

SEPM vs. UXJL - Expense Ratio Comparison

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

Dividends

SEPM vs. UXJL - Dividend Comparison

Neither SEPM nor UXJL has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both SEPM and UXJL in my portfolio?

With a correlation of 0.91, SEPM 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 ETF is better, SEPM or UXJL?

Both ETFs have the same 0.85% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, SEPM or UXJL?

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

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

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