FFEM vs. TJUN

Last updated Aug 1, 2026

FFEM (Fidelity Fundamental Emerging Markets ETF) and TJUN (FT Vest Emerging Markets Buffer ETF - June) are both exchange-traded funds - FFEM is a Emerging Markets Equities fund actively managed by Fidelity, while TJUN is a Defined Outcome fund tracking the iShares MSCI Emerging Markets ETF (EEM). FFEM is actively managed, while TJUN is passively managed. Over the past year, FFEM returned 46.94% vs 8.16% for TJUN. Their correlation of 0.86 means they have usually moved in the same direction. FFEM charges 0.60%/yr vs 0.95%/yr for TJUN.

Performance

FFEM vs. TJUN - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity Fundamental Emerging Markets ETF (FFEM) and FT Vest Emerging Markets Buffer ETF - June (TJUN). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, FFEM achieves a 23.20% return, which is significantly higher than TJUN's -1.24% return.

FFEM

• 1D: 0.59%
• 1M: -2.11%
• 6M: 12.60%
• YTD: 23.20%
• 1Y: 46.94%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 29.60%

TJUN

• 1D: 0.61%
• 1M: -1.11%
• 6M: -3.34%
• YTD: -1.24%
• 1Y: 8.16%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 9.39%

*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)
FFEM Fidelity Fundamental Emerging Markets ETF	$1.53M	$1.01M	$840.57K
TJUN FT Vest Emerging Markets Buffer ETF - June	$28.96K	$85.30K	$113.88K

FFEM vs. TJUN - Yearly Performance Comparison

	2026 (YTD)	2025
FFEM Fidelity Fundamental Emerging Markets ETF	23.20%	24.83%
TJUN FT Vest Emerging Markets Buffer ETF - June	-1.24%	11.79%

Correlation

The correlation between FFEM and TJUN is 0.86, 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.	0.86
Correlation (All Time) Calculated using the full available price history since Jun 23, 2025	0.86

The correlation between FFEM and TJUN has been stable across timeframes, ranging from 0.86 to 0.86 - a consistent structural relationship.

Return for Risk

FFEM vs. TJUN — Risk / Return Rank

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

FFEM

FFEM Risk / Return Rank: 78
FFEM Sharpe Ratio Rank: 77
FFEM Sortino Ratio Rank: 72
FFEM Omega Ratio Rank: 77
FFEM Calmar Ratio Rank: 84
FFEM Martin Ratio Rank: 79

TJUN

TJUN Risk / Return Rank: 31
TJUN Sharpe Ratio Rank: 30
TJUN Sortino Ratio Rank: 27
TJUN Omega Ratio Rank: 35
TJUN Calmar Ratio Rank: 26
TJUN Martin Ratio Rank: 35

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.

FFEM vs. TJUN - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Fundamental Emerging Markets ETF (FFEM) and FT Vest Emerging Markets Buffer ETF - June (TJUN). 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.

	FFEM	TJUN	Difference
Sharpe ratio: Return per unit of total volatility	1.76	0.72	+1.04
Sortino ratio: Return per unit of downside risk	2.32	1.01	+1.31
Omega ratio: Gain probability vs. loss probability	1.32	1.16	+0.16
Calmar ratio: Return relative to maximum drawdown	3.17	0.79	+2.38
Martin ratio: Return relative to average drawdown	9.99	3.49	+6.50

FFEM vs. TJUN - Sharpe Ratio Comparison

The current FFEM Sharpe Ratio is 1.76, which is higher than the TJUN Sharpe Ratio of 0.72. The chart below compares the historical Sharpe Ratios of FFEM and TJUN, 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

FFEM vs. TJUN - Drawdown Comparison

The maximum FFEM drawdown since its inception was -18.17%, which is greater than TJUN's maximum drawdown of -9.77%. Use the drawdown chart below to compare losses from any high point for FFEM and TJUN.

Drawdown Indicators

	FFEM	TJUN	Difference
Max Drawdown Largest peak-to-trough decline	-18.17%	-9.77%	-8.40%
Max Drawdown (1Y) Largest decline over 1 year	-14.53%	-9.77%	-4.76%
Current Drawdown Current decline from peak	-9.95%	-6.61%	-3.34%
Average Drawdown Average peak-to-trough decline	-3.90%	-1.08%	-2.82%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.60%	2.21%	+2.39%

Volatility

FFEM vs. TJUN - Volatility Comparison

Fidelity Fundamental Emerging Markets ETF (FFEM) has a higher volatility of 9.93% compared to FT Vest Emerging Markets Buffer ETF - June (TJUN) at 6.70%. This indicates that FFEM's price experiences larger fluctuations and is considered to be riskier than TJUN based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FFEM	TJUN	Difference
Volatility (1M) Calculated over the trailing 1-month period	9.93%	6.70%	+3.23%
Volatility (6M) Calculated over the trailing 6-month period	23.77%	9.43%	+14.34%
Volatility (1Y) Calculated over the trailing 1-year period	26.25%	10.70%	+15.55%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	25.05%	10.42%	+14.63%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	25.05%	10.42%	+14.63%

FFEM vs. TJUN - Expense Ratio Comparison

FFEM has a 0.60% expense ratio, which is lower than TJUN's 0.95% expense ratio.

Dividends

FFEM vs. TJUN - Dividend Comparison

FFEM's dividend yield for the trailing twelve months is around 1.33%, while TJUN has not paid dividends to shareholders.

Position	TTM	2025	2024
FFEM Fidelity Fundamental Emerging Markets ETF	1.33%	1.59%	0.16%
TJUN FT Vest Emerging Markets Buffer ETF - June	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both FFEM and TJUN in my portfolio?

FFEM and TJUN have a correlation of 0.86, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, FFEM or TJUN?

FFEM has higher volatility (9.93%) compared to TJUN (6.70%). In terms of maximum drawdown, FFEM dropped -18.17% vs TJUN's -9.77%.

Which ETF is better, FFEM or TJUN?

On 1-year performance, FFEM leads with 46.94% vs 8.16% for TJUN. On fees, FFEM is cheaper at 0.60% per year. On volatility, TJUN has been the lower-risk option at 6.70%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, FFEM or TJUN?

Over the 1-year period, FFEM has performed better with a 46.94% return vs 8.16%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, FFEM or TJUN?

FFEM is cheaper with a 0.60% expense ratio, compared with 0.95% for TJUN.

Which ETF pays a higher dividend yield, FFEM or TJUN?

FFEM has the higher dividend yield at 1.33%, compared with 0.00% for TJUN.

What is the main difference between FFEM and TJUN?

FFEM is categorized as Emerging Markets Equities, while TJUN is Defined Outcome. They also come from different issuers: Fidelity and First Trust. Their fees differ too: 0.60% for FFEM and 0.95% for TJUN.

Which has better risk-adjusted returns?

FFEM currently has the higher Sharpe Ratio (1.76 vs 0.72), 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.