UXJA vs. BWET

Last updated Jun 4, 2026

UXJA (FT Vest U.S. Equity Uncapped Accelerator ETF - January) and BWET (Breakwave Tanker Shipping ETF) are both exchange-traded funds - UXJA is a Defined Outcome fund actively managed by First Trust, while BWET is a Commodities fund tracking the Breakwave Wet Freight Futures Index. UXJA is actively managed, while BWET is passively managed. Over the past year, UXJA returned 29.61% vs 1800.91% for BWET. At a correlation of -0.03, they often move in opposite directions. UXJA charges 0.85%/yr vs 3.50%/yr for BWET.

Performance

UXJA vs. BWET - Performance Comparison

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

Returns By Period

In the year-to-date period, UXJA achieves a 11.66% return, which is significantly lower than BWET's 875.88% return.

UXJA

• 1D: -0.67%
• 1M: 5.79%
• YTD: 11.66%
• 6M: 11.51%
• 1Y: 29.61%
• 3Y*: —
• 5Y*: —
• 10Y*: —

BWET

• 1D: 4.26%
• 1M: 9.15%
• YTD: 875.88%
• 6M: 735.56%
• 1Y: 1,800.91%
• 3Y*: 129.64%
• 5Y*: —
• 10Y*: —

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

UXJA vs. BWET - Yearly Performance Comparison

	2026 (YTD)	2025
UXJA FT Vest U.S. Equity Uncapped Accelerator ETF - January	11.66%	13.93%
BWET Breakwave Tanker Shipping ETF	875.88%	84.75%

Correlation

The correlation between UXJA and BWET is -0.06, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	-0.06
Correlation (All Time) Calculated using the full available price history since Jan 22, 2025	-0.03

Return for Risk

UXJA vs. BWET — Risk / Return Rank

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

UXJA

UXJA Risk / Return Rank: 66
UXJA Sharpe Ratio Rank: 68
UXJA Sortino Ratio Rank: 65
UXJA Omega Ratio Rank: 65
UXJA Calmar Ratio Rank: 62
UXJA Martin Ratio Rank: 71

BWET

BWET Risk / Return Rank: 99
BWET Sharpe Ratio Rank: 100
BWET Sortino Ratio Rank: 97
BWET Omega Ratio Rank: 97
BWET Calmar Ratio Rank: 100
BWET Martin Ratio Rank: 99

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.

UXJA vs. BWET - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for FT Vest U.S. Equity Uncapped Accelerator ETF - January (UXJA) and Breakwave Tanker Shipping ETF (BWET). 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.

	UXJA	BWET	Difference
Sharpe ratio: Return per unit of total volatility	2.20	18.57	-16.37
Sortino ratio: Return per unit of downside risk	2.98	6.55	-3.57
Omega ratio: Gain probability vs. loss probability	1.38	1.96	-0.58
Calmar ratio: Return relative to maximum drawdown	3.03	59.51	-56.48
Martin ratio: Return relative to average drawdown	13.05	158.07	-145.01
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

UXJA vs. BWET - Sharpe Ratio Comparison

The current UXJA Sharpe Ratio is 2.20, which is lower than the BWET Sharpe Ratio of 18.57. The chart below compares the historical Sharpe Ratios of UXJA and BWET, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	UXJA	BWET	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.20	18.57	-16.37
Sharpe Ratio (All Time) Calculated using the full available price history	1.04	1.90	-0.85

Drawdowns

UXJA vs. BWET - Drawdown Comparison

The maximum UXJA drawdown since its inception was -20.01%, smaller than the maximum BWET drawdown of -56.90%. Use the drawdown chart below to compare losses from any high point for UXJA and BWET.

Drawdown Indicators

	UXJA	BWET	Difference
Max Drawdown Largest peak-to-trough decline	-20.01%	-56.90%	+36.89%
Max Drawdown (1Y) Largest decline over 1 year	-9.83%	-30.64%	+20.81%
Max Drawdown (3Y) Largest decline over 3 years	—	-56.90%	—
Current Drawdown Current decline from peak	-0.67%	-11.29%	+10.62%
Average Drawdown Average peak-to-trough decline	-2.97%	-24.09%	+21.12%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.27%	11.51%	-9.24%

Volatility

UXJA vs. BWET - Volatility Comparison

The current volatility for FT Vest U.S. Equity Uncapped Accelerator ETF - January (UXJA) is 3.40%, while Breakwave Tanker Shipping ETF (BWET) has a volatility of 33.96%. This indicates that UXJA experiences smaller price fluctuations and is considered to be less risky than BWET based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	UXJA	BWET	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.40%	33.96%	-30.56%
Volatility (6M) Calculated over the trailing 6-month period	10.05%	88.49%	-78.44%
Volatility (1Y) Calculated over the trailing 1-year period	13.54%	98.35%	-84.81%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.59%	70.45%	-51.86%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.59%	70.45%	-51.86%

UXJA vs. BWET - Expense Ratio Comparison

UXJA has a 0.85% expense ratio, which is lower than BWET's 3.50% expense ratio.

Dividends

UXJA vs. BWET - Dividend Comparison

Neither UXJA nor BWET has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both UXJA and BWET in my portfolio?

UXJA and BWET have a correlation of -0.06, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, UXJA or BWET?

BWET has higher volatility (33.96%) compared to UXJA (3.40%). In terms of maximum drawdown, UXJA dropped -20.01% vs BWET's -56.90%.

Which ETF is better, UXJA or BWET?

On 1-year performance, BWET leads with 1800.91% vs 29.61% for UXJA. On fees, UXJA is cheaper at 0.85% per year. On volatility, UXJA has been the lower-risk option at 3.40%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, UXJA or BWET?

Over the 1-year period, BWET has performed better with a 1800.91% return vs 29.61%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, UXJA or BWET?

UXJA is cheaper with a 0.85% expense ratio, compared with 3.50% for BWET.

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

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

What is the main difference between UXJA and BWET?

UXJA is categorized as Defined Outcome, while BWET is Commodities. They also come from different issuers: First Trust and Amplify. Their fees differ too: 0.85% for UXJA and 3.50% for BWET.

Which has better risk-adjusted returns?

BWET currently has the higher Sharpe Ratio (18.57 vs 2.20), 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.