JEMA vs. TDEC

Last updated Jun 3, 2026

JEMA (JPMorgan ActiveBuilders Emerging Markets Equity ETF) and TDEC (FT Vest Emerging Markets Buffer ETF - December) are both exchange-traded funds - JEMA is a Emerging Markets Equities fund actively managed by JPMorgan, while TDEC is a Defined Outcome fund tracking the MSCI Emerging Markets. JEMA is actively managed, while TDEC is passively managed. Over the past year, JEMA returned 65.24% vs 24.92% for TDEC. Their correlation of 0.92 suggests significant overlap in exposure. JEMA charges 0.39%/yr vs 0.95%/yr for TDEC.

Performance

JEMA vs. TDEC - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in JPMorgan ActiveBuilders Emerging Markets Equity ETF (JEMA) and FT Vest Emerging Markets Buffer ETF - December (TDEC). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, JEMA achieves a 32.88% return, which is significantly higher than TDEC's 9.50% return.

JEMA

• 1D: 0.97%
• 1M: 10.31%
• YTD: 32.88%
• 6M: 34.84%
• 1Y: 65.24%
• 3Y*: 25.31%
• 5Y*: 7.69%
• 10Y*: —

TDEC

• 1D: 0.18%
• 1M: 2.02%
• YTD: 9.50%
• 6M: 11.52%
• 1Y: 24.92%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

JEMA vs. TDEC - Yearly Performance Comparison

	2026 (YTD)	2025	2024
JEMA JPMorgan ActiveBuilders Emerging Markets Equity ETF	32.88%	34.89%	-1.55%
TDEC FT Vest Emerging Markets Buffer ETF - December	9.50%	21.39%	-0.70%

Correlation

The correlation between JEMA 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	0.92

The correlation between JEMA and TDEC has been stable across timeframes, ranging from 0.91 to 0.92 - a consistent structural relationship.

Return for Risk

JEMA vs. TDEC — Risk / Return Rank

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

JEMA

JEMA Risk / Return Rank: 89
JEMA Sharpe Ratio Rank: 91
JEMA Sortino Ratio Rank: 88
JEMA Omega Ratio Rank: 90
JEMA Calmar Ratio Rank: 87
JEMA Martin Ratio Rank: 90

TDEC

TDEC Risk / Return Rank: 74
TDEC Sharpe Ratio Rank: 75
TDEC Sortino Ratio Rank: 75
TDEC Omega Ratio Rank: 87
TDEC Calmar Ratio Rank: 61
TDEC Martin Ratio Rank: 72

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.

JEMA vs. TDEC - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for JPMorgan ActiveBuilders Emerging Markets Equity ETF (JEMA) 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.

	JEMA	TDEC	Difference
Sharpe ratio Return per unit of total volatility	3.25	2.48	+0.77
Sortino ratio Return per unit of downside risk	4.04	3.44	+0.60
Omega ratio Gain probability vs. loss probability	1.59	1.56	+0.03
Calmar ratio Return relative to maximum drawdown	5.07	3.11	+1.96
Martin ratio Return relative to average drawdown	20.83	13.70	+7.13
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

JEMA vs. TDEC - Sharpe Ratio Comparison

The current JEMA Sharpe Ratio is 3.25, which is higher than the TDEC Sharpe Ratio of 2.48. The chart below compares the historical Sharpe Ratios of JEMA and TDEC, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	JEMA	TDEC	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	3.25	2.48	+0.77
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.41	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.42	1.83	-1.41

Drawdowns

JEMA vs. TDEC - Drawdown Comparison

The maximum JEMA drawdown since its inception was -39.50%, which is greater than TDEC's maximum drawdown of -10.30%. Use the drawdown chart below to compare losses from any high point for JEMA and TDEC.

Drawdown Indicators

	JEMA	TDEC	Difference
Max Drawdown Largest peak-to-trough decline	-39.50%	-10.30%	-29.20%
Max Drawdown (1Y) Largest decline over 1 year	-13.11%	-8.16%	-4.95%
Max Drawdown (3Y) Largest decline over 3 years	-18.11%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-39.45%	—	—
Current Drawdown Current decline from peak	0.00%	0.00%	0.00%
Average Drawdown Average peak-to-trough decline	-17.05%	-1.04%	-16.01%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.19%	1.85%	+1.34%

Volatility

JEMA vs. TDEC - Volatility Comparison

JPMorgan ActiveBuilders Emerging Markets Equity ETF (JEMA) has a higher volatility of 8.22% compared to FT Vest Emerging Markets Buffer ETF - December (TDEC) at 2.77%. This indicates that JEMA'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.

Volatility by Period

	JEMA	TDEC	Difference
Volatility (1M) Calculated over the trailing 1-month period	8.22%	2.77%	+5.45%
Volatility (6M) Calculated over the trailing 6-month period	17.49%	9.02%	+8.47%
Volatility (1Y) Calculated over the trailing 1-year period	20.16%	10.08%	+10.08%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	19.02%	11.76%	+7.26%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.91%	11.76%	+7.15%

JEMA vs. TDEC - Expense Ratio Comparison

JEMA has a 0.39% expense ratio, which is lower than TDEC's 0.95% expense ratio.

Dividends

JEMA vs. TDEC - Dividend Comparison

JEMA's dividend yield for the trailing twelve months is around 2.20%, while TDEC has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021
JEMA JPMorgan ActiveBuilders Emerging Markets Equity ETF	2.20%	2.93%	2.44%	2.95%	2.69%	1.54%
TDEC FT Vest Emerging Markets Buffer ETF - December	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both JEMA and TDEC in my portfolio?

With a correlation of 0.91, JEMA 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.

Which is riskier, JEMA or TDEC?

JEMA has higher volatility (8.22%) compared to TDEC (2.77%). In terms of maximum drawdown, JEMA dropped -39.50% vs TDEC's -10.30%.

Which ETF is better, JEMA or TDEC?

On 1-year performance, JEMA leads with 65.24% vs 24.92% for TDEC. On fees, JEMA is cheaper at 0.39% per year. On volatility, TDEC has been the lower-risk option at 2.77%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, JEMA or TDEC?

Over the 1-year period, JEMA has performed better with a 65.24% return vs 24.92%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, JEMA or TDEC?

JEMA is cheaper with a 0.39% expense ratio, compared with 0.95% for TDEC.

Which ETF pays a higher dividend yield, JEMA or TDEC?

JEMA has the higher dividend yield at 2.20%, compared with 0.00% for TDEC.

What is the main difference between JEMA and TDEC?

JEMA is categorized as Emerging Markets Equities, while TDEC is Defined Outcome. They also come from different issuers: JPMorgan and FT Vest. Their fees differ too: 0.39% for JEMA and 0.95% for TDEC.

Which has better risk-adjusted returns?

JEMA currently has the higher Sharpe Ratio (3.25 vs 2.48), 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.