UXJL vs. NBFR

Last updated Jun 24, 2026

UXJL (FT Vest U.S. Equity Uncapped Accelerator ETF - July) and NBFR (Innovator Nasdaq-100 Managed 10 Buffer ETF) are both Defined Outcome funds. Both are actively managed. Their correlation of 0.86 suggests significant overlap in exposure. UXJL charges 0.85%/yr vs 0.79%/yr for NBFR.

Performance

UXJL vs. NBFR - 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 Nasdaq-100 Managed 10 Buffer ETF (NBFR). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

UXJL

• 1D: -1.53%
• 1M: -1.62%
• YTD: 8.46%
• 6M: 7.35%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

NBFR

• 1D: -2.49%
• 1M: -0.00%
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

UXJL vs. NBFR - Yearly Performance Comparison

	2026 (YTD)
UXJL FT Vest U.S. Equity Uncapped Accelerator ETF - July	9.03%
NBFR Innovator Nasdaq-100 Managed 10 Buffer ETF	4.66%

Correlation

The correlation between UXJL and NBFR is 0.86, 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 Feb 24, 2026	0.86

Return for Risk

UXJL vs. NBFR - 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 Nasdaq-100 Managed 10 Buffer ETF (NBFR). 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.

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

Drawdowns

UXJL vs. NBFR - Drawdown Comparison

The maximum UXJL drawdown since its inception was -10.29%, which is greater than NBFR's maximum drawdown of -5.85%. Use the drawdown chart below to compare losses from any high point for UXJL and NBFR.

Drawdown Indicators

	UXJL	NBFR	Difference
Max Drawdown Largest peak-to-trough decline	-10.29%	-5.85%	-4.44%
Current Drawdown Current decline from peak	-3.71%	-3.39%	-0.32%
Average Drawdown Average peak-to-trough decline	-1.58%	-1.51%	-0.07%

Volatility

Volatility by Period

	UXJL	NBFR	Difference
Volatility (1Y) Calculated over the trailing 1-year period	14.58%	15.23%	-0.65%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.58%	15.23%	-0.65%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	14.58%	15.23%	-0.65%

UXJL vs. NBFR - Expense Ratio Comparison

UXJL has a 0.85% expense ratio, which is higher than NBFR's 0.79% expense ratio.

Dividends

UXJL vs. NBFR - Dividend Comparison

UXJL has not paid dividends to shareholders, while NBFR's dividend yield for the trailing twelve months is around 0.02%.

Position	TTM
NBFR Innovator Nasdaq-100 Managed 10 Buffer ETF	0.02%
UXJL FT Vest U.S. Equity Uncapped Accelerator ETF - July	0.00%

Frequently Asked Questions

Can I hold both UXJL and NBFR in my portfolio?

UXJL and NBFR have a correlation of 0.86, 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 NBFR?

On fees, NBFR 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, UXJL or NBFR?

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

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

NBFR has the higher dividend yield at 0.02%, compared with 0.00% for UXJL.

What is the main difference between UXJL and NBFR?

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