SPBX vs. UXJL

Last updated Jul 12, 2026

SPBX (AllianzIM 6 Month Buffer10 Allocation ETF) and UXJL (FT Vest U.S. Equity Uncapped Accelerator ETF - July) are both Defined Outcome funds. Both are actively managed. Their correlation of 0.95 suggests significant overlap in exposure. SPBX charges 0.79%/yr vs 0.85%/yr for UXJL.

Performance

SPBX vs. UXJL - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in AllianzIM 6 Month Buffer10 Allocation ETF (SPBX) 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, SPBX achieves a 6.84% return, which is significantly lower than UXJL's 11.90% return.

SPBX

• 1D: 0.21%
• 1M: 1.64%
• 6M: 5.97%
• YTD: 6.84%
• 1Y: 12.98%
• 3Y*: —
• 5Y*: —
• 10Y*: —

UXJL

• 1D: 0.64%
• 1M: 2.32%
• 6M: 9.76%
• YTD: 11.90%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

SPBX vs. UXJL - Yearly Performance Comparison

	2026 (YTD)	2025
SPBX AllianzIM 6 Month Buffer10 Allocation ETF	6.84%	5.42%
UXJL FT Vest U.S. Equity Uncapped Accelerator ETF - July	11.90%	8.62%

Correlation

The correlation between SPBX and UXJL is 0.95, 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 21, 2025	0.95

Return for Risk

SPBX vs. UXJL — Risk / Return Rank

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

SPBX

SPBX Risk / Return Rank: 86
SPBX Sharpe Ratio Rank: 89
SPBX Sortino Ratio Rank: 91
SPBX Omega Ratio Rank: 91
SPBX Calmar Ratio Rank: 72
SPBX Martin Ratio Rank: 85

UXJL

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

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.

SPBX vs. UXJL - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for AllianzIM 6 Month Buffer10 Allocation ETF (SPBX) 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.

	SPBX	UXJL	Difference
Sharpe ratio: Return per unit of total volatility	2.34	—	—
Sortino ratio: Return per unit of downside risk	3.43	—	—
Omega ratio: Gain probability vs. loss probability	1.46	—	—
Calmar ratio: Return relative to maximum drawdown	2.87	—	—
Martin ratio: Return relative to average drawdown	13.91	—	—

Drawdowns

SPBX vs. UXJL - Drawdown Comparison

The maximum SPBX drawdown since its inception was -11.11%, which is greater than UXJL's maximum drawdown of -10.29%. Use the drawdown chart below to compare losses from any high point for SPBX and UXJL.

Drawdown Indicators

	SPBX	UXJL	Difference
Max Drawdown Largest peak-to-trough decline	-11.11%	-10.29%	-0.82%
Max Drawdown (1Y) Largest decline over 1 year	-4.49%	—	—
Current Drawdown Current decline from peak	0.00%	-0.65%	+0.65%
Average Drawdown Average peak-to-trough decline	-1.10%	-1.62%	+0.52%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.93%	—	—

Volatility

Volatility by Period

	SPBX	UXJL	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.63%	—	—
Volatility (6M) Calculated over the trailing 6-month period	4.70%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	5.53%	14.46%	-8.93%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	9.20%	14.46%	-5.26%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	9.20%	14.46%	-5.26%

SPBX vs. UXJL - Expense Ratio Comparison

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

Dividends

SPBX vs. UXJL - Dividend Comparison

Neither SPBX nor UXJL has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both SPBX and UXJL in my portfolio?

With a correlation of 0.95, SPBX 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, SPBX or UXJL?

On fees, SPBX 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, SPBX or UXJL?

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

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

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

What is the main difference between SPBX and UXJL?

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