UXJL vs. IBUF

Last updated Jun 20, 2026

UXJL (FT Vest U.S. Equity Uncapped Accelerator ETF - July) and IBUF (Innovator International Developed 10 Buffer ETF - Quarterly) are both Defined Outcome funds. Both are actively managed. A 0.68 correlation means they provide meaningful diversification when combined. Both charge a 0.85% expense ratio.

Performance

UXJL vs. IBUF - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in FT Vest U.S. Equity Uncapped Accelerator ETF - July (UXJL) and Innovator International Developed 10 Buffer ETF - Quarterly (IBUF). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, UXJL achieves a 10.76% return, which is significantly higher than IBUF's 6.90% return.

UXJL

• 1D: 1.40%
• 1M: 0.95%
• YTD: 10.76%
• 6M: 11.12%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

IBUF

• 1D: 0.43%
• 1M: 1.65%
• YTD: 6.90%
• 6M: 7.68%
• 1Y: 13.39%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

UXJL vs. IBUF - Yearly Performance Comparison

	2026 (YTD)	2025
UXJL FT Vest U.S. Equity Uncapped Accelerator ETF - July	10.76%	8.62%
IBUF Innovator International Developed 10 Buffer ETF - Quarterly	6.90%	5.60%

Correlation

The correlation between UXJL and IBUF is 0.68, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (All Time) Calculated using the full available price history since Jul 21, 2025	0.68

Return for Risk

UXJL vs. IBUF — Risk / Return Rank

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

UXJL

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

IBUF

IBUF Risk / Return Rank: 85
IBUF Sharpe Ratio Rank: 73
IBUF Sortino Ratio Rank: 84
IBUF Omega Ratio Rank: 82
IBUF Calmar Ratio Rank: 93
IBUF 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.

UXJL vs. IBUF - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for FT Vest U.S. Equity Uncapped Accelerator ETF - July (UXJL) and Innovator International Developed 10 Buffer ETF - Quarterly (IBUF). 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.

	UXJL	IBUF	Difference
Sharpe ratio: Return per unit of total volatility	—	2.24	—
Sortino ratio: Return per unit of downside risk	—	3.54	—
Omega ratio: Gain probability vs. loss probability	—	1.47	—
Calmar ratio: Return relative to maximum drawdown	—	6.17	—
Martin ratio: Return relative to average drawdown	—	21.22	—

Drawdowns

UXJL vs. IBUF - Drawdown Comparison

The maximum UXJL drawdown since its inception was -10.29%, which is greater than IBUF's maximum drawdown of -5.92%. Use the drawdown chart below to compare losses from any high point for UXJL and IBUF.

Drawdown Indicators

	UXJL	IBUF	Difference
Max Drawdown Largest peak-to-trough decline	-10.29%	-5.92%	-4.37%
Max Drawdown (1Y) Largest decline over 1 year	—	-2.17%	—
Current Drawdown Current decline from peak	-1.67%	0.00%	-1.67%
Average Drawdown Average peak-to-trough decline	-1.56%	-0.47%	-1.09%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	0.63%	—

Volatility

Volatility by Period

	UXJL	IBUF	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	2.91%	—
Volatility (6M) Calculated over the trailing 6-month period	—	5.19%	—
Volatility (1Y) Calculated over the trailing 1-year period	14.53%	5.97%	+8.56%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.53%	6.72%	+7.81%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	14.53%	6.72%	+7.81%

UXJL vs. IBUF - Expense Ratio Comparison

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

Dividends

UXJL vs. IBUF - Dividend Comparison

Neither UXJL nor IBUF has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both UXJL and IBUF in my portfolio?

UXJL and IBUF have a correlation of 0.68, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, UXJL or IBUF?

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, UXJL or IBUF?

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

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

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

What is the main difference between UXJL and IBUF?

They also come from different issuers: First Trust and Innovator.