EMGF vs. TDEC
EMGF (iShares Edge MSCI Multifactor Emerging Markets ETF) and TDEC (FT Vest Emerging Markets Buffer ETF - December) are both exchange-traded funds - EMGF is a Emerging Markets Equities fund tracking the MSCI Emerging Markets Diversified Multiple-Factor Index, while TDEC is a Defined Outcome fund tracking the MSCI Emerging Markets. Both are passively managed. Over the past year, EMGF returned 55.31% vs 24.15% for TDEC. Their correlation of 0.93 suggests significant overlap in exposure. EMGF charges 0.45%/yr vs 0.95%/yr for TDEC.
Performance
EMGF vs. TDEC - Performance Comparison
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Returns By Period
In the year-to-date period, EMGF achieves a 30.01% return, which is significantly higher than TDEC's 9.14% return.
EMGF
- 1D
- -1.20%
- 1M
- 9.65%
- YTD
- 30.01%
- 6M
- 32.52%
- 1Y
- 55.31%
- 3Y*
- 26.88%
- 5Y*
- 10.38%
- 10Y*
- 11.48%
TDEC
- 1D
- -0.33%
- 1M
- 1.54%
- YTD
- 9.14%
- 6M
- 11.08%
- 1Y
- 24.15%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
EMGF vs. TDEC - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
EMGF iShares Edge MSCI Multifactor Emerging Markets ETF | 30.01% | 31.41% | -1.57% |
TDEC FT Vest Emerging Markets Buffer ETF - December | 9.14% | 21.39% | -0.70% |
Correlation
The correlation between EMGF and TDEC is 0.92, 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 | 0.92 |
Correlation (All Time) Calculated using the full available price history since Dec 24, 2024 | 0.93 |
The correlation between EMGF and TDEC has been stable across timeframes, ranging from 0.92 to 0.93 - a consistent structural relationship.
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Return for Risk
EMGF vs. TDEC — Risk / Return Rank
EMGF
TDEC
EMGF vs. TDEC - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Edge MSCI Multifactor Emerging Markets ETF (EMGF) 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.
| EMGF | TDEC | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.38 | ||
| Sortino ratioReturn per unit of downside risk | +0.28 | ||
| Omega ratioGain probability vs. loss probability | 1.51 | 1.54 | -0.03 |
| Calmar ratioReturn relative to maximum drawdown | 4.11 | 2.97 | +1.13 |
| Martin ratioReturn relative to average drawdown | 15.84 | 13.07 | +2.77 |
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
| EMGF | TDEC | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.78 | 2.41 | +0.38 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.59 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.59 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.57 | 1.81 | -1.24 |
Drawdowns
EMGF vs. TDEC - Drawdown Comparison
The maximum EMGF drawdown since its inception was -40.23%, which is greater than TDEC's maximum drawdown of -10.30%. Use the drawdown chart below to compare losses from any high point for EMGF and TDEC.
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Drawdown Indicators
| EMGF | TDEC | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -40.23% | -10.30% | -29.93% |
Max Drawdown (1Y)Largest decline over 1 year | -13.54% | -8.16% | -5.38% |
Max Drawdown (3Y)Largest decline over 3 years | -17.65% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -28.60% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -40.23% | — | — |
Current DrawdownCurrent decline from peak | -1.20% | -0.33% | -0.87% |
Average DrawdownAverage peak-to-trough decline | -10.05% | -1.04% | -9.01% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.50% | 1.85% | +1.65% |
Volatility
EMGF vs. TDEC - Volatility Comparison
iShares Edge MSCI Multifactor Emerging Markets ETF (EMGF) has a higher volatility of 9.20% compared to FT Vest Emerging Markets Buffer ETF - December (TDEC) at 2.81%. This indicates that EMGF'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
| EMGF | TDEC | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.20% | 2.81% | +6.39% |
Volatility (6M)Calculated over the trailing 6-month period | 17.50% | 9.02% | +8.48% |
Volatility (1Y)Calculated over the trailing 1-year period | 19.99% | 10.09% | +9.90% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.69% | 11.75% | +5.94% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.48% | 11.75% | +7.73% |
EMGF vs. TDEC - Expense Ratio Comparison
EMGF has a 0.45% expense ratio, which is lower than TDEC's 0.95% expense ratio.
Dividends
EMGF vs. TDEC - Dividend Comparison
EMGF's dividend yield for the trailing twelve months is around 1.94%, while TDEC has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
EMGF iShares Edge MSCI Multifactor Emerging Markets ETF | 1.94% | 2.52% | 3.42% | 5.94% | 4.04% | 2.48% | 1.95% | 2.63% | 2.73% | 1.94% | 2.04% |
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% | 0.00% | 0.00% |
Frequently Asked Questions
With a correlation of 0.92, EMGF 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.
EMGF has higher volatility (9.20%) compared to TDEC (2.81%). In terms of maximum drawdown, EMGF dropped -40.23% vs TDEC's -10.30%.
On 1-year performance, EMGF leads with 55.31% vs 24.15% for TDEC. On fees, EMGF is cheaper at 0.45% per year. On volatility, TDEC has been the lower-risk option at 2.81%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, EMGF has performed better with a 55.31% return vs 24.15%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
EMGF is cheaper with a 0.45% expense ratio, compared with 0.95% for TDEC.
EMGF has the higher dividend yield at 1.94%, compared with 0.00% for TDEC.
EMGF is categorized as Emerging Markets Equities, while TDEC is Defined Outcome. EMGF tracks MSCI Emerging Markets Diversified Multiple-Factor Index, while TDEC tracks MSCI Emerging Markets. They also come from different issuers: iShares and FT Vest. Their fees differ too: 0.45% for EMGF and 0.95% for TDEC.
EMGF currently has the higher Sharpe Ratio (2.78 vs 2.41), 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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