DDEC vs. DOCT

Last updated Jun 4, 2026

DDEC (FT Vest U.S. Equity Deep Buffer ETF - December) and DOCT (FT Vest U.S. Equity Deep Buffer ETF - October) are both Defined Outcome funds from FT Vest tracking the S&P 500. Both are passively managed. Over the past 5 years, DDEC returned 8.31%/yr vs 7.74%/yr for DOCT. Their correlation of 0.87 suggests significant overlap in exposure. Both charge a 0.85% expense ratio.

Performance

DDEC vs. DOCT - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in FT Vest U.S. Equity Deep Buffer ETF - December (DDEC) and FT Vest U.S. Equity Deep Buffer ETF - October (DOCT). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

The year-to-date returns for both investments are quite close, with DDEC having a 4.97% return and DOCT slightly higher at 5.06%.

DDEC

• 1D: -0.19%
• 1M: 1.98%
• YTD: 4.97%
• 6M: 5.94%
• 1Y: 16.08%
• 3Y*: 12.69%
• 5Y*: 8.31%
• 10Y*: —

DOCT

• 1D: -0.20%
• 1M: 1.95%
• YTD: 5.06%
• 6M: 5.55%
• 1Y: 16.45%
• 3Y*: 10.96%
• 5Y*: 7.74%
• 10Y*: —

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

DDEC vs. DOCT - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020
DDEC FT Vest U.S. Equity Deep Buffer ETF - December	4.97%	12.33%	12.26%	16.82%	-6.71%	7.61%	0.75%
DOCT FT Vest U.S. Equity Deep Buffer ETF - October	5.06%	12.50%	8.28%	16.13%	-5.27%	6.89%	0.69%

Correlation

The correlation between DDEC and DOCT is 0.93, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.93
Correlation (3Y) Calculated over the trailing 3-year period	0.89
Correlation (5Y) Calculated over the trailing 5-year period	0.87
Correlation (All Time) Calculated using the full available price history since Dec 22, 2020	0.87

The correlation between DDEC and DOCT has been stable across timeframes, ranging from 0.87 to 0.93 - a consistent structural relationship.

DDEC vs. DOCT - Sectors Allocation Comparison

Sectors	DDEC	DOCT
Technology	36.2%	36.2%
Financial Services	11.9%	11.9%
Communication Services	10.9%	10.9%
Consumer Cyclical	10.1%	10.1%
Healthcare	8.4%	8.4%
Industrials	8.1%	8.1%
Consumer Defensive	4.9%	4.9%
Energy	3.5%	3.5%
Utilities	2.3%	2.3%
Real Estate	1.9%	1.9%
Basic Materials	1.8%	1.8%

Return for Risk

DDEC vs. DOCT — Risk / Return Rank

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

DDEC

DDEC Risk / Return Rank: 86
DDEC Sharpe Ratio Rank: 85
DDEC Sortino Ratio Rank: 89
DDEC Omega Ratio Rank: 89
DDEC Calmar Ratio Rank: 77
DDEC Martin Ratio Rank: 88

DOCT

DOCT Risk / Return Rank: 85
DOCT Sharpe Ratio Rank: 84
DOCT Sortino Ratio Rank: 90
DOCT Omega Ratio Rank: 88
DOCT Calmar Ratio Rank: 76
DOCT Martin Ratio Rank: 88

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.

DDEC vs. DOCT - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for FT Vest U.S. Equity Deep Buffer ETF - December (DDEC) and FT Vest U.S. Equity Deep Buffer ETF - October (DOCT). 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.

	DDEC	DOCT	Difference
Sharpe ratio: Return per unit of total volatility	2.79	2.77	+0.02
Sortino ratio: Return per unit of downside risk	4.12	4.18	-0.06
Omega ratio: Gain probability vs. loss probability	1.57	1.55	+0.02
Calmar ratio: Return relative to maximum drawdown	3.87	3.81	+0.06
Martin ratio: Return relative to average drawdown	19.48	19.15	+0.33
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

DDEC vs. DOCT - Sharpe Ratio Comparison

The current DDEC Sharpe Ratio is 2.79, which is comparable to the DOCT Sharpe Ratio of 2.77. The chart below compares the historical Sharpe Ratios of DDEC and DOCT, 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

	DDEC	DOCT	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.79	2.77	+0.02
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	1.19	1.06	+0.13
Sharpe Ratio (All Time) Calculated using the full available price history	1.25	0.53	+0.72

Drawdowns

DDEC vs. DOCT - Drawdown Comparison

The maximum DDEC drawdown since its inception was -10.22%, roughly equal to the maximum DOCT drawdown of -9.92%. Use the drawdown chart below to compare losses from any high point for DDEC and DOCT.

Drawdown Indicators

	DDEC	DOCT	Difference
Max Drawdown Largest peak-to-trough decline	-10.22%	-9.92%	-0.30%
Max Drawdown (1Y) Largest decline over 1 year	-4.18%	-4.34%	+0.16%
Max Drawdown (3Y) Largest decline over 3 years	-9.40%	-9.92%	+0.52%
Max Drawdown (5Y) Largest decline over 5 years	-10.22%	-9.92%	-0.30%
Current Drawdown Current decline from peak	-0.19%	-0.20%	+0.01%
Average Drawdown Average peak-to-trough decline	-1.87%	-1.54%	-0.33%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.83%	0.86%	-0.03%

Volatility

DDEC vs. DOCT - Volatility Comparison

FT Vest U.S. Equity Deep Buffer ETF - December (DDEC) and FT Vest U.S. Equity Deep Buffer ETF - October (DOCT) have volatilities of 0.88% and 0.86%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	DDEC	DOCT	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.88%	0.86%	+0.02%
Volatility (6M) Calculated over the trailing 6-month period	4.36%	4.40%	-0.04%
Volatility (1Y) Calculated over the trailing 1-year period	5.79%	5.96%	-0.17%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	7.02%	7.33%	-0.31%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	6.87%	48.58%	-41.71%

DDEC vs. DOCT - Expense Ratio Comparison

Both DDEC and DOCT have an expense ratio of 0.85%.

Dividends

DDEC vs. DOCT - Dividend Comparison

Neither DDEC nor DOCT has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both DDEC and DOCT in my portfolio?

With a correlation of 0.93, DDEC and DOCT 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 is riskier, DDEC or DOCT?

DDEC has higher volatility (0.88%) compared to DOCT (0.86%). In terms of maximum drawdown, DDEC dropped -10.22% vs DOCT's -9.92%.

Which ETF is better, DDEC or DOCT?

On 5-year performance, DDEC leads with 8.31% vs 7.74% for DOCT. Both ETFs have the same 0.85% expense ratio. Their volatility is very similar. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, DDEC or DOCT?

Over the 5-year period, DDEC has performed better with a 8.31% return vs 7.74%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, DDEC or DOCT?

DDEC and DOCT have the same expense ratio: 0.85% per year.

Which ETF pays a higher dividend yield, DDEC or DOCT?

DDEC and DOCT have nearly identical dividend yields, around 0.00%.

What is the main difference between DDEC and DOCT?

Both ETFs track S&P 500.

Which has better risk-adjusted returns?

DDEC currently has the higher Sharpe Ratio (2.79 vs 2.77), 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.