UMAR vs. UXJL

Last updated Jun 4, 2026

UMAR (Innovator U.S. Equity Ultra Buffer ETF - March) and UXJL (FT Vest U.S. Equity Uncapped Accelerator ETF - July) are both Defined Outcome funds. UMAR is passively managed, while UXJL is actively managed. Their correlation of 0.88 suggests significant overlap in exposure. UMAR charges 0.79%/yr vs 0.85%/yr for UXJL.

Performance

UMAR vs. UXJL - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Innovator U.S. Equity Ultra Buffer ETF - March (UMAR) 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, UMAR achieves a 5.78% return, which is significantly lower than UXJL's 11.78% return.

UMAR

• 1D: 0.18%
• 1M: 1.97%
• YTD: 5.78%
• 6M: 6.56%
• 1Y: 14.67%
• 3Y*: 12.79%
• 5Y*: 7.83%
• 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)

UMAR vs. UXJL - Yearly Performance Comparison

	2026 (YTD)	2025
UMAR Innovator U.S. Equity Ultra Buffer ETF - March	5.78%	5.34%
UXJL FT Vest U.S. Equity Uncapped Accelerator ETF - July	11.78%	9.31%

Correlation

The correlation between UMAR and UXJL is 0.88, 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	0.88

Return for Risk

UMAR vs. UXJL — Risk / Return Rank

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

UMAR

UMAR Risk / Return Rank: 89
UMAR Sharpe Ratio Rank: 88
UMAR Sortino Ratio Rank: 92
UMAR Omega Ratio Rank: 93
UMAR Calmar Ratio Rank: 80
UMAR Martin Ratio Rank: 92

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.

UMAR vs. UXJL - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Innovator U.S. Equity Ultra Buffer ETF - March (UMAR) 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.

	UMAR	UXJL	Difference
Sharpe ratio Return per unit of total volatility	2.99	—	—
Sortino ratio Return per unit of downside risk	4.39	—	—
Omega ratio Gain probability vs. loss probability	1.65	—	—
Calmar ratio Return relative to maximum drawdown	4.08	—	—
Martin ratio Return relative to average drawdown	22.77	—	—
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

	UMAR	UXJL	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.99	—	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	1.20	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.04	1.87	-0.83

Drawdowns

UMAR vs. UXJL - Drawdown Comparison

The maximum UMAR drawdown since its inception was -11.08%, which is greater than UXJL's maximum drawdown of -10.29%. Use the drawdown chart below to compare losses from any high point for UMAR and UXJL.

Drawdown Indicators

	UMAR	UXJL	Difference
Max Drawdown Largest peak-to-trough decline	-11.08%	-10.29%	-0.79%
Max Drawdown (1Y) Largest decline over 1 year	-3.61%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-7.41%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-8.72%	—	—
Current Drawdown Current decline from peak	0.00%	-0.76%	+0.76%
Average Drawdown Average peak-to-trough decline	-1.63%	-1.51%	-0.12%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.65%	—	—

Volatility

Volatility by Period

	UMAR	UXJL	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.82%	—	—
Volatility (6M) Calculated over the trailing 6-month period	3.78%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	4.94%	13.90%	-8.96%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	6.54%	13.90%	-7.36%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	7.52%	13.90%	-6.38%

UMAR vs. UXJL - Expense Ratio Comparison

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

Dividends

UMAR vs. UXJL - Dividend Comparison

Neither UMAR nor UXJL has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both UMAR and UXJL in my portfolio?

UMAR and UXJL have a correlation of 0.88, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, UMAR or UXJL?

On fees, UMAR 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, UMAR or UXJL?

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

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

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

What is the main difference between UMAR and UXJL?

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