BGEG vs. TDEC

Last updated Jul 4, 2026

BGEG (Baillie Gifford Emerging Markets ETF) and TDEC (FT Vest Emerging Markets Buffer ETF - December) are both exchange-traded funds - BGEG is a Emerging Markets Equities fund actively managed by Baillie Gifford, while TDEC is a Defined Outcome fund tracking the MSCI Emerging Markets. BGEG is actively managed, while TDEC is passively managed. Their correlation of 0.91 suggests significant overlap in exposure. BGEG charges 0.79%/yr vs 0.95%/yr for TDEC.

Performance

BGEG vs. TDEC - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Baillie Gifford Emerging Markets ETF (BGEG) and FT Vest Emerging Markets Buffer ETF - December (TDEC). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

BGEG

• 1D: -1.66%
• 1M: -6.98%
• 6M: —
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

TDEC

• 1D: -0.36%
• 1M: -1.53%
• 6M: 5.88%
• YTD: 7.48%
• 1Y: 16.76%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

BGEG vs. TDEC - Yearly Performance Comparison

	2026 (YTD)
BGEG Baillie Gifford Emerging Markets ETF	-7.15%
TDEC FT Vest Emerging Markets Buffer ETF - December	-1.85%

Correlation

The correlation between BGEG and TDEC is 0.91, 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 Jun 3, 2026	0.91

Return for Risk

BGEG vs. TDEC — Risk / Return Rank

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

BGEG

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

TDEC

TDEC Risk / Return Rank: 60
TDEC Sharpe Ratio Rank: 58
TDEC Sortino Ratio Rank: 56
TDEC Omega Ratio Rank: 74
TDEC Calmar Ratio Rank: 51
TDEC Martin Ratio Rank: 62

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.

BGEG vs. TDEC - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Baillie Gifford Emerging Markets ETF (BGEG) and FT Vest Emerging Markets Buffer ETF - December (TDEC). 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.

	BGEG	TDEC	Difference
Sharpe ratio: Return per unit of total volatility	—	1.62	—
Sortino ratio: Return per unit of downside risk	—	2.23	—
Omega ratio: Gain probability vs. loss probability	—	1.36	—
Calmar ratio: Return relative to maximum drawdown	—	2.11	—
Martin ratio: Return relative to average drawdown	—	8.98	—

Drawdowns

BGEG vs. TDEC - Drawdown Comparison

The maximum BGEG drawdown since its inception was -8.43%, smaller than the maximum TDEC drawdown of -10.30%. Use the drawdown chart below to compare losses from any high point for BGEG and TDEC.

Drawdown Indicators

	BGEG	TDEC	Difference
Max Drawdown Largest peak-to-trough decline	-8.43%	-10.30%	+1.87%
Max Drawdown (1Y) Largest decline over 1 year	—	-8.16%	—
Current Drawdown Current decline from peak	-7.15%	-2.30%	-4.85%
Average Drawdown Average peak-to-trough decline	-4.26%	-1.06%	-3.20%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	1.91%	—

Volatility

Volatility by Period

	BGEG	TDEC	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	4.48%	—
Volatility (6M) Calculated over the trailing 6-month period	—	10.03%	—
Volatility (1Y) Calculated over the trailing 1-year period	35.94%	10.63%	+25.31%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	35.94%	11.97%	+23.97%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	35.94%	11.97%	+23.97%

BGEG vs. TDEC - Expense Ratio Comparison

BGEG has a 0.79% expense ratio, which is lower than TDEC's 0.95% expense ratio.

Dividends

BGEG vs. TDEC - Dividend Comparison

Neither BGEG nor TDEC has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both BGEG and TDEC in my portfolio?

With a correlation of 0.91, BGEG and TDEC 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, BGEG or TDEC?

On fees, BGEG 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, BGEG or TDEC?

BGEG is cheaper with a 0.79% expense ratio, compared with 0.95% for TDEC.

Which ETF pays a higher dividend yield, BGEG or TDEC?

BGEG and TDEC have nearly identical dividend yields, around 0.00%.

What is the main difference between BGEG and TDEC?

BGEG is categorized as Emerging Markets Equities, while TDEC is Defined Outcome. They also come from different issuers: Baillie Gifford and FT Vest. Their fees differ too: 0.79% for BGEG and 0.95% for TDEC.