EMCR vs. TDEC
EMCR (Xtrackers Emerging Markets Carbon Reduction and Climate Improvers ETF) and TDEC (FT Vest Emerging Markets Buffer ETF - December) are both exchange-traded funds - EMCR is a Emerging Markets Equities fund tracking the Solactive ISS Emerging Markets Carbon Reduction & Climate Improvers Index - Benchmark TR Net, while TDEC is a Defined Outcome fund tracking the MSCI Emerging Markets. Both are passively managed. Over the past year, EMCR returned 47.15% vs 22.62% for TDEC. Their correlation of 0.93 suggests significant overlap in exposure. EMCR charges 0.15%/yr vs 0.95%/yr for TDEC.
Performance
EMCR vs. TDEC - Performance Comparison
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Returns By Period
In the year-to-date period, EMCR achieves a 22.13% return, which is significantly higher than TDEC's 8.78% return.
EMCR
- 1D
- -0.87%
- 1M
- 5.56%
- YTD
- 22.13%
- 6M
- 24.53%
- 1Y
- 47.15%
- 3Y*
- 23.37%
- 5Y*
- 8.83%
- 10Y*
- —
TDEC
- 1D
- -0.33%
- 1M
- 0.36%
- YTD
- 8.78%
- 6M
- 10.67%
- 1Y
- 22.62%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
EMCR vs. TDEC - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
EMCR Xtrackers Emerging Markets Carbon Reduction and Climate Improvers ETF | 22.13% | 33.25% | -1.65% |
TDEC FT Vest Emerging Markets Buffer ETF - December | 8.78% | 21.39% | -0.70% |
Correlation
The correlation between EMCR 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 (1Y) Calculated over the trailing 1-year period | 0.91 |
Correlation (All Time) Calculated using the full available price history since Dec 24, 2024 | 0.93 |
The correlation between EMCR and TDEC has been stable across timeframes, ranging from 0.91 to 0.93 - a consistent structural relationship.
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Return for Risk
EMCR vs. TDEC — Risk / Return Rank
EMCR
TDEC
EMCR vs. TDEC - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Xtrackers Emerging Markets Carbon Reduction and Climate Improvers ETF (EMCR) 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.
| EMCR | TDEC | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.16 | ||
| Sortino ratioReturn per unit of downside risk | +0.02 | ||
| Omega ratioGain probability vs. loss probability | 1.44 | 1.50 | -0.06 |
| Calmar ratioReturn relative to maximum drawdown | 3.42 | 2.79 | +0.64 |
| Martin ratioReturn relative to average drawdown | 13.08 | 12.24 | +0.84 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| EMCR | TDEC | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.42 | 2.26 | +0.16 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.46 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.60 | 1.78 | -1.18 |
Drawdowns
EMCR vs. TDEC - Drawdown Comparison
The maximum EMCR drawdown since its inception was -34.28%, which is greater than TDEC's maximum drawdown of -10.30%. Use the drawdown chart below to compare losses from any high point for EMCR and TDEC.
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Drawdown Indicators
| EMCR | TDEC | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -34.28% | -10.30% | -23.98% |
Max Drawdown (1Y)Largest decline over 1 year | -13.84% | -8.16% | -5.68% |
Max Drawdown (3Y)Largest decline over 3 years | -18.38% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -34.28% | — | — |
Current DrawdownCurrent decline from peak | -2.21% | -0.66% | -1.55% |
Average DrawdownAverage peak-to-trough decline | -9.33% | -1.04% | -8.29% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.61% | 1.85% | +1.76% |
Volatility
EMCR vs. TDEC - Volatility Comparison
Xtrackers Emerging Markets Carbon Reduction and Climate Improvers ETF (EMCR) has a higher volatility of 8.00% compared to FT Vest Emerging Markets Buffer ETF - December (TDEC) at 2.72%. This indicates that EMCR'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.
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Volatility by Period
| EMCR | TDEC | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.00% | 2.72% | +5.28% |
Volatility (6M)Calculated over the trailing 6-month period | 16.94% | 9.03% | +7.91% |
Volatility (1Y)Calculated over the trailing 1-year period | 19.62% | 10.09% | +9.53% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.29% | 11.73% | +7.56% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.86% | 11.73% | +8.13% |
EMCR vs. TDEC - Expense Ratio Comparison
EMCR has a 0.15% expense ratio, which is lower than TDEC's 0.95% expense ratio.
Dividends
EMCR vs. TDEC - Dividend Comparison
EMCR's dividend yield for the trailing twelve months is around 1.99%, while TDEC has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
EMCR Xtrackers Emerging Markets Carbon Reduction and Climate Improvers ETF | 1.99% | 2.43% | 6.62% | 1.95% | 3.05% | 1.83% | 1.75% | 3.15% | 0.19% |
TDEC FT Vest Emerging Markets Buffer ETF - December | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
With a correlation of 0.91, EMCR 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.
EMCR has higher volatility (8.00%) compared to TDEC (2.72%). In terms of maximum drawdown, EMCR dropped -34.28% vs TDEC's -10.30%.
On 1-year performance, EMCR leads with 47.15% vs 22.62% for TDEC. On fees, EMCR is cheaper at 0.15% per year. On volatility, TDEC has been the lower-risk option at 2.72%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, EMCR has performed better with a 47.15% return vs 22.62%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
EMCR is cheaper with a 0.15% expense ratio, compared with 0.95% for TDEC.
EMCR has the higher dividend yield at 1.99%, compared with 0.00% for TDEC.
EMCR is categorized as Emerging Markets Equities, while TDEC is Defined Outcome. EMCR tracks Solactive ISS Emerging Markets Carbon Reduction & Climate Improvers Index - Benchmark TR Net, while TDEC tracks MSCI Emerging Markets. They also come from different issuers: Deutsche Bank and FT Vest. Their fees differ too: 0.15% for EMCR and 0.95% for TDEC.
EMCR currently has the higher Sharpe Ratio (2.42 vs 2.26), 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.
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