EMC vs. TDEC

Last updated Aug 4, 2026

EMC (Global X Emerging Markets Great Consumer ETF) and TDEC (FT Vest Emerging Markets Buffer ETF - December) are both exchange-traded funds - EMC is a Emerging Markets Equities fund actively managed by Global X, while TDEC is a Defined Outcome fund tracking the MSCI Emerging Markets. EMC is actively managed, while TDEC is passively managed. Over the past year, EMC returned 25.57% vs 18.55% for TDEC. Their correlation of 0.91 means they have usually moved in the same direction. EMC charges 0.75%/yr vs 0.95%/yr for TDEC.

Performance

EMC vs. TDEC - Performance Comparison

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

Returns By Period

In the year-to-date period, EMC achieves a 17.02% return, which is significantly higher than TDEC's 8.63% return.

EMC

• 1D: 1.19%
• 1M: -1.41%
• 6M: 8.04%
• YTD: 17.02%
• 1Y: 25.57%
• 3Y*: 13.10%
• 5Y*: —
• 10Y*: —
• ALL TIME*: 12.64%

TDEC

• 1D: 0.34%
• 1M: 1.07%
• 6M: 4.11%
• YTD: 8.63%
• 1Y: 18.55%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 18.20%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
EMC Global X Emerging Markets Great Consumer ETF	$303.53K	$204.31K	$229.90K
TDEC FT Vest Emerging Markets Buffer ETF - December	$55.26K	$76.69K	$194.15K

EMC vs. TDEC - Yearly Performance Comparison

	2026 (YTD)	2025	2024
EMC Global X Emerging Markets Great Consumer ETF	17.02%	18.91%	-1.28%
TDEC FT Vest Emerging Markets Buffer ETF - December	8.63%	21.39%	-0.75%

Correlation

The correlation between EMC and TDEC is 0.92, meaning they have usually moved in the same direction, including during past declines.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.92
Correlation (All Time) Calculated using the full available price history since Dec 23, 2024	0.91

The correlation between EMC and TDEC has been stable across timeframes, ranging from 0.91 to 0.92 - a consistent structural relationship.

Return for Risk

EMC vs. TDEC — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

EMC

EMC Risk / Return Rank: 42
EMC Sharpe Ratio Rank: 39
EMC Sortino Ratio Rank: 39
EMC Omega Ratio Rank: 40
EMC Calmar Ratio Rank: 48
EMC Martin Ratio Rank: 45

TDEC

TDEC Risk / Return Rank: 68
TDEC Sharpe Ratio Rank: 67
TDEC Sortino Ratio Rank: 65
TDEC Omega Ratio Rank: 80
TDEC Calmar Ratio Rank: 60
TDEC Martin Ratio Rank: 69

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

EMC vs. TDEC - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Global X Emerging Markets Great Consumer ETF (EMC) 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.

	EMC	TDEC	Difference
Sharpe ratio: Return per unit of total volatility	1.05	1.69	-0.64
Sortino ratio: Return per unit of downside risk	1.54	2.34	-0.79
Omega ratio: Gain probability vs. loss probability	1.20	1.36	-0.16
Calmar ratio: Return relative to maximum drawdown	1.85	2.28	-0.44
Martin ratio: Return relative to average drawdown	5.44	9.26	-3.82

EMC vs. TDEC - Sharpe Ratio Comparison

The current EMC Sharpe Ratio is 1.05, which is lower than the TDEC Sharpe Ratio of 1.69. The chart below compares the historical Sharpe Ratios of EMC and TDEC, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

EMC vs. TDEC - Drawdown Comparison

The maximum EMC drawdown since its inception was -18.38%, which is greater than TDEC's maximum drawdown of -10.30%. Use the drawdown chart below to compare losses from any high point for EMC and TDEC.

Drawdown Indicators

	EMC	TDEC	Difference
Max Drawdown Largest peak-to-trough decline	-18.38%	-10.30%	-8.08%
Max Drawdown (1Y) Largest decline over 1 year	-13.89%	-8.16%	-5.73%
Max Drawdown (3Y) Largest decline over 3 years	-18.38%	—	—
Current Drawdown Current decline from peak	-8.19%	-1.25%	-6.94%
Average Drawdown Average peak-to-trough decline	-4.23%	-1.12%	-3.11%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.71%	2.01%	+2.70%

Volatility

EMC vs. TDEC - Volatility Comparison

Global X Emerging Markets Great Consumer ETF (EMC) has a higher volatility of 9.28% compared to FT Vest Emerging Markets Buffer ETF - December (TDEC) at 3.53%. This indicates that EMC's price experiences larger fluctuations and is considered to be riskier than TDEC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	EMC	TDEC	Difference
Volatility (1M) Calculated over the trailing 1-month period	9.28%	3.53%	+5.75%
Volatility (6M) Calculated over the trailing 6-month period	22.22%	10.26%	+11.96%
Volatility (1Y) Calculated over the trailing 1-year period	24.58%	11.07%	+13.51%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	19.72%	11.97%	+7.75%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.72%	11.97%	+7.75%

EMC vs. TDEC - Expense Ratio Comparison

EMC has a 0.75% expense ratio, which is lower than TDEC's 0.95% expense ratio.

Dividends

EMC vs. TDEC - Dividend Comparison

EMC's dividend yield for the trailing twelve months is around 0.58%, while TDEC has not paid dividends to shareholders.

Position	TTM	2025	2024	2023
EMC Global X Emerging Markets Great Consumer ETF	0.58%	0.78%	1.13%	0.89%
TDEC FT Vest Emerging Markets Buffer ETF - December	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both EMC and TDEC in my portfolio?

With a correlation of 0.92, EMC 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 is riskier, EMC or TDEC?

EMC has higher volatility (9.28%) compared to TDEC (3.53%). In terms of maximum drawdown, EMC dropped -18.38% vs TDEC's -10.30%.

Which ETF is better, EMC or TDEC?

On 1-year performance, EMC leads with 25.57% vs 18.55% for TDEC. On fees, EMC is cheaper at 0.75% per year. On volatility, TDEC has been the lower-risk option at 3.53%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, EMC or TDEC?

Over the 1-year period, EMC has performed better with a 25.57% return vs 18.55%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, EMC or TDEC?

EMC is cheaper with a 0.75% expense ratio, compared with 0.95% for TDEC.

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

EMC has the higher dividend yield at 0.58%, compared with 0.00% for TDEC.

What is the main difference between EMC and TDEC?

EMC is categorized as Emerging Markets Equities, while TDEC is Defined Outcome. They also come from different issuers: Global X and FT Vest. Their fees differ too: 0.75% for EMC and 0.95% for TDEC.

Which has better risk-adjusted returns?

TDEC currently has the higher Sharpe Ratio (1.69 vs 1.05), 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.