FDND vs. QDEC

Last updated Jun 24, 2026

FDND (FT Vest Dow Jones Internet & Target Income ETF) and QDEC (FT Vest Nasdaq-100 Buffer ETF – December) are both exchange-traded funds - FDND is a Technology Equities fund actively managed by FT Vest, while QDEC is a Nasdaq-100 fund actively managed by FT Vest. Both are actively managed. Over the past year, FDND returned -1.75% vs 22.88% for QDEC. A 0.74 correlation means they provide meaningful diversification when combined. FDND charges 0.75%/yr vs 0.90%/yr for QDEC.

Performance

FDND vs. QDEC - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in FT Vest Dow Jones Internet & Target Income ETF (FDND) and FT Vest Nasdaq-100 Buffer ETF – December (QDEC). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, FDND achieves a -5.36% return, which is significantly lower than QDEC's 7.96% return.

FDND

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

QDEC

• 1D: -1.24%
• 1M: -0.54%
• YTD: 7.96%
• 6M: 7.20%
• 1Y: 22.88%
• 3Y*: 16.64%
• 5Y*: 10.15%
• 10Y*: —

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

FDND vs. QDEC - Yearly Performance Comparison

	2026 (YTD)	2025	2024
FDND FT Vest Dow Jones Internet & Target Income ETF	-5.36%	9.69%	15.85%
QDEC FT Vest Nasdaq-100 Buffer ETF – December	7.96%	18.12%	11.13%

Correlation

The correlation between FDND and QDEC is 0.70, 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	0.70
Correlation (All Time) Calculated using the full available price history since Mar 21, 2024	0.74

The correlation between FDND and QDEC has been stable across timeframes, ranging from 0.70 to 0.74 - a consistent structural relationship.

Return for Risk

FDND vs. QDEC — Risk / Return Rank

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

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

QDEC

QDEC Risk / Return Rank: 76
QDEC Sharpe Ratio Rank: 78
QDEC Sortino Ratio Rank: 79
QDEC Omega Ratio Rank: 79
QDEC Calmar Ratio Rank: 66
QDEC Martin Ratio Rank: 79

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.

FDND vs. QDEC - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for FT Vest Dow Jones Internet & Target Income ETF (FDND) and FT Vest Nasdaq-100 Buffer ETF – December (QDEC). 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.

	FDND	QDEC	Difference
Sharpe ratio: Return per unit of total volatility	-0.09	2.27	-2.36
Sortino ratio: Return per unit of downside risk	0.00	3.19	-3.19
Omega ratio: Gain probability vs. loss probability	1.00	1.43	-0.43
Calmar ratio: Return relative to maximum drawdown	-0.09	3.03	-3.12
Martin ratio: Return relative to average drawdown	-0.20	14.26	-14.46

FDND vs. QDEC - Sharpe Ratio Comparison

The current FDND Sharpe Ratio is -0.09, which is lower than the QDEC Sharpe Ratio of 2.27. The chart below compares the historical Sharpe Ratios of FDND and QDEC, 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

FDND vs. QDEC - Drawdown Comparison

The maximum FDND drawdown since its inception was -24.12%, roughly equal to the maximum QDEC drawdown of -25.25%. Use the drawdown chart below to compare losses from any high point for FDND and QDEC.

Drawdown Indicators

	FDND	QDEC	Difference
Max Drawdown Largest peak-to-trough decline	-24.12%	-25.25%	+1.13%
Max Drawdown (1Y) Largest decline over 1 year	-20.49%	-7.58%	-12.91%
Max Drawdown (3Y) Largest decline over 3 years	—	-16.08%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-25.25%	—
Current Drawdown Current decline from peak	-11.51%	-1.65%	-9.86%
Average Drawdown Average peak-to-trough decline	-5.73%	-4.99%	-0.74%
Ulcer Index Depth and duration of drawdowns from previous peaks	8.62%	1.61%	+7.01%

Volatility

FDND vs. QDEC - Volatility Comparison

FT Vest Dow Jones Internet & Target Income ETF (FDND) has a higher volatility of 7.22% compared to FT Vest Nasdaq-100 Buffer ETF – December (QDEC) at 3.28%. This indicates that FDND's price experiences larger fluctuations and is considered to be riskier than QDEC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FDND	QDEC	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.22%	3.28%	+3.94%
Volatility (6M) Calculated over the trailing 6-month period	15.02%	7.91%	+7.11%
Volatility (1Y) Calculated over the trailing 1-year period	18.96%	10.17%	+8.79%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	21.49%	14.75%	+6.74%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	21.49%	14.60%	+6.89%

FDND vs. QDEC - Expense Ratio Comparison

FDND has a 0.75% expense ratio, which is lower than QDEC's 0.90% expense ratio.

Dividends

FDND vs. QDEC - Dividend Comparison

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

Position	TTM	2025	2024
FDND FT Vest Dow Jones Internet & Target Income ETF	8.63%	8.11%	5.51%
QDEC FT Vest Nasdaq-100 Buffer ETF – December	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both FDND and QDEC in my portfolio?

FDND and QDEC have a correlation of 0.70, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, FDND or QDEC?

FDND has higher volatility (7.22%) compared to QDEC (3.28%). In terms of maximum drawdown, FDND dropped -24.12% vs QDEC's -25.25%.

Which ETF is better, FDND or QDEC?

On 1-year performance, QDEC leads with 22.88% vs -1.75% for FDND. On fees, FDND is cheaper at 0.75% per year. On volatility, QDEC has been the lower-risk option at 3.28%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, FDND or QDEC?

Over the 1-year period, QDEC has performed better with a 22.88% return vs -1.75%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, FDND or QDEC?

FDND is cheaper with a 0.75% expense ratio, compared with 0.90% for QDEC.

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

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

What is the main difference between FDND and QDEC?

FDND is categorized as Technology Equities, while QDEC is Nasdaq-100. Their fees differ too: 0.75% for FDND and 0.90% for QDEC.

Which has better risk-adjusted returns?

QDEC currently has the higher Sharpe Ratio (2.27 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.