UXJL vs. SPBX

Last updated Jun 24, 2026

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

Performance

UXJL vs. SPBX - 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 AllianzIM 6 Month Buffer10 Allocation ETF (SPBX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, UXJL achieves a 8.46% return, which is significantly higher than SPBX's 5.37% return.

UXJL

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

SPBX

• 1D: -0.63%
• 1M: 0.09%
• YTD: 5.37%
• 6M: 4.95%
• 1Y: 13.75%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

UXJL vs. SPBX - Yearly Performance Comparison

	2026 (YTD)	2025
UXJL FT Vest U.S. Equity Uncapped Accelerator ETF - July	8.46%	8.62%
SPBX AllianzIM 6 Month Buffer10 Allocation ETF	5.37%	5.42%

Correlation

The correlation between UXJL and SPBX 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

UXJL vs. SPBX — 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.

SPBX

SPBX Risk / Return Rank: 82
SPBX Sharpe Ratio Rank: 85
SPBX Sortino Ratio Rank: 89
SPBX Omega Ratio Rank: 88
SPBX Calmar Ratio Rank: 68
SPBX Martin Ratio Rank: 82

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. SPBX - 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 AllianzIM 6 Month Buffer10 Allocation ETF (SPBX). 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	SPBX	Difference
Sharpe ratio: Return per unit of total volatility	—	2.48	—
Sortino ratio: Return per unit of downside risk	—	3.64	—
Omega ratio: Gain probability vs. loss probability	—	1.49	—
Calmar ratio: Return relative to maximum drawdown	—	3.07	—
Martin ratio: Return relative to average drawdown	—	14.92	—

Drawdowns

UXJL vs. SPBX - Drawdown Comparison

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

Drawdown Indicators

	UXJL	SPBX	Difference
Max Drawdown Largest peak-to-trough decline	-10.29%	-11.11%	+0.82%
Max Drawdown (1Y) Largest decline over 1 year	—	-4.49%	—
Current Drawdown Current decline from peak	-3.71%	-0.68%	-3.03%
Average Drawdown Average peak-to-trough decline	-1.58%	-1.13%	-0.45%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	0.92%	—

Volatility

Volatility by Period

	UXJL	SPBX	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	1.76%	—
Volatility (6M) Calculated over the trailing 6-month period	—	4.75%	—
Volatility (1Y) Calculated over the trailing 1-year period	14.58%	5.60%	+8.98%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.58%	9.33%	+5.25%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	14.58%	9.33%	+5.25%

UXJL vs. SPBX - Expense Ratio Comparison

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

Dividends

UXJL vs. SPBX - Dividend Comparison

Neither UXJL nor SPBX has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both UXJL and SPBX in my portfolio?

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

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, UXJL or SPBX?

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

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

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

What is the main difference between UXJL and SPBX?

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