FDEC vs. FDND

Last updated Jun 24, 2026

FDEC (FT Vest U.S. Equity Buffer ETF - December) and FDND (FT Vest Dow Jones Internet & Target Income ETF) are both exchange-traded funds - FDEC is a Defined Outcome fund actively managed by FT Vest, while FDND is a Technology Equities fund actively managed by FT Vest. Both are actively managed. Over the past year, FDEC returned 18.13% vs -1.75% for FDND. A 0.69 correlation means they provide meaningful diversification when combined. FDEC charges 0.85%/yr vs 0.75%/yr for FDND.

Performance

FDEC vs. FDND - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in FT Vest U.S. Equity Buffer ETF - December (FDEC) and FT Vest Dow Jones Internet & Target Income ETF (FDND). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, FDEC achieves a 5.40% return, which is significantly higher than FDND's -5.36% return.

FDEC

• 1D: -0.67%
• 1M: -0.22%
• YTD: 5.40%
• 6M: 5.03%
• 1Y: 18.13%
• 3Y*: 15.03%
• 5Y*: 10.20%
• 10Y*: —

FDND

• 1D: -0.46%
• 1M: -5.74%
• YTD: -5.36%
• 6M: -6.14%
• 1Y: -1.75%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

FDEC vs. FDND - Yearly Performance Comparison

	2026 (YTD)	2025	2024
FDEC FT Vest U.S. Equity Buffer ETF - December	5.40%	14.82%	8.53%
FDND FT Vest Dow Jones Internet & Target Income ETF	-5.36%	9.69%	15.85%

Correlation

The correlation between FDEC and FDND is 0.68, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.68
Correlation (All Time) Calculated using the full available price history since Mar 21, 2024	0.69

The correlation between FDEC and FDND has been stable across timeframes, ranging from 0.68 to 0.69 - a consistent structural relationship.

Return for Risk

FDEC vs. FDND — Risk / Return Rank

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

FDEC

FDEC Risk / Return Rank: 80
FDEC Sharpe Ratio Rank: 81
FDEC Sortino Ratio Rank: 83
FDEC Omega Ratio Rank: 82
FDEC Calmar Ratio Rank: 67
FDEC Martin Ratio Rank: 84

FDND

FDND Risk / Return Rank: 8
FDND Sharpe Ratio Rank: 8
FDND Sortino Ratio Rank: 8
FDND Omega Ratio Rank: 7
FDND Calmar Ratio Rank: 8
FDND Martin Ratio Rank: 8

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.

FDEC vs. FDND - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for FT Vest U.S. Equity Buffer ETF - December (FDEC) and FT Vest Dow Jones Internet & Target Income ETF (FDND). 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.

	FDEC	FDND	Difference
Sharpe ratio: Return per unit of total volatility	2.36	-0.09	+2.45
Sortino ratio: Return per unit of downside risk	3.41	0.00	+3.41
Omega ratio: Gain probability vs. loss probability	1.45	1.00	+0.45
Calmar ratio: Return relative to maximum drawdown	3.12	-0.09	+3.21
Martin ratio: Return relative to average drawdown	15.92	-0.20	+16.12

FDEC vs. FDND - Sharpe Ratio Comparison

The current FDEC Sharpe Ratio is 2.36, which is higher than the FDND Sharpe Ratio of -0.09. The chart below compares the historical Sharpe Ratios of FDEC and FDND, 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

FDEC vs. FDND - Drawdown Comparison

The maximum FDEC drawdown since its inception was -15.67%, smaller than the maximum FDND drawdown of -24.12%. Use the drawdown chart below to compare losses from any high point for FDEC and FDND.

Drawdown Indicators

	FDEC	FDND	Difference
Max Drawdown Largest peak-to-trough decline	-15.67%	-24.12%	+8.45%
Max Drawdown (1Y) Largest decline over 1 year	-5.83%	-20.49%	+14.66%
Max Drawdown (3Y) Largest decline over 3 years	-13.04%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-15.67%	—	—
Current Drawdown Current decline from peak	-1.11%	-11.51%	+10.40%
Average Drawdown Average peak-to-trough decline	-2.55%	-5.73%	+3.18%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.14%	8.62%	-7.48%

Volatility

FDEC vs. FDND - Volatility Comparison

The current volatility for FT Vest U.S. Equity Buffer ETF - December (FDEC) is 2.26%, while FT Vest Dow Jones Internet & Target Income ETF (FDND) has a volatility of 7.22%. This indicates that FDEC experiences smaller price fluctuations and is considered to be less risky than FDND based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FDEC	FDND	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.26%	7.22%	-4.96%
Volatility (6M) Calculated over the trailing 6-month period	6.19%	15.02%	-8.83%
Volatility (1Y) Calculated over the trailing 1-year period	7.73%	18.96%	-11.23%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	11.25%	21.49%	-10.24%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	10.99%	21.49%	-10.50%

FDEC vs. FDND - Expense Ratio Comparison

FDEC has a 0.85% expense ratio, which is higher than FDND's 0.75% expense ratio.

Dividends

FDEC vs. FDND - Dividend Comparison

FDEC has not paid dividends to shareholders, while FDND's dividend yield for the trailing twelve months is around 8.63%.

Position	TTM	2025	2024
FDEC FT Vest U.S. Equity Buffer ETF - December	0.00%	0.00%	0.00%
FDND FT Vest Dow Jones Internet & Target Income ETF	8.63%	8.11%	5.51%

Frequently Asked Questions

Can I hold both FDEC and FDND in my portfolio?

FDEC and FDND have a correlation of 0.68, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, FDEC or FDND?

FDND has higher volatility (7.22%) compared to FDEC (2.26%). In terms of maximum drawdown, FDEC dropped -15.67% vs FDND's -24.12%.

Which ETF is better, FDEC or FDND?

On 1-year performance, FDEC leads with 18.13% vs -1.75% for FDND. On fees, FDND is cheaper at 0.75% per year. On volatility, FDEC has been the lower-risk option at 2.26%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, FDEC or FDND?

Over the 1-year period, FDEC has performed better with a 18.13% return vs -1.75%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, FDEC or FDND?

FDND is cheaper with a 0.75% expense ratio, compared with 0.85% for FDEC.

Which ETF pays a higher dividend yield, FDEC or FDND?

FDND has the higher dividend yield at 8.63%, compared with 0.00% for FDEC.

What is the main difference between FDEC and FDND?

FDEC is categorized as Defined Outcome, while FDND is Technology Equities. Their fees differ too: 0.85% for FDEC and 0.75% for FDND.

Which has better risk-adjusted returns?

FDEC currently has the higher Sharpe Ratio (2.36 vs -0.09), 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.