PXH vs. TJUN

Last updated Jun 24, 2026

PXH (Invesco FTSE RAFI Emerging Markets ETF) and TJUN (FT Vest Emerging Markets Buffer ETF - June) are both exchange-traded funds - PXH is a Emerging Markets Equities fund tracking the FTSE RAFI Emerging Markets Index, while TJUN is a Defined Outcome fund managed by First Trust. Over the past year, PXH returned 28.95% vs 13.53% for TJUN. Their correlation of 0.81 suggests significant overlap in exposure. PXH charges 0.50%/yr vs 0.95%/yr for TJUN.

Performance

PXH vs. TJUN - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Invesco FTSE RAFI Emerging Markets ETF (PXH) 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, PXH achieves a 10.82% return, which is significantly higher than TJUN's 1.65% return.

PXH

• 1D: -2.63%
• 1M: -0.53%
• YTD: 10.82%
• 6M: 11.08%
• 1Y: 28.95%
• 3Y*: 20.22%
• 5Y*: 8.62%
• 10Y*: 10.53%

TJUN

• 1D: -3.88%
• 1M: -3.12%
• YTD: 1.65%
• 6M: 2.01%
• 1Y: 13.53%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

PXH vs. TJUN - Yearly Performance Comparison

	2026 (YTD)	2025
PXH Invesco FTSE RAFI Emerging Markets ETF	10.82%	17.23%
TJUN FT Vest Emerging Markets Buffer ETF - June	1.65%	11.79%

Correlation

The correlation between PXH and TJUN is 0.82, 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	0.82
Correlation (All Time) Calculated using the full available price history since Jun 23, 2025	0.81

The correlation between PXH and TJUN has been stable across timeframes, ranging from 0.81 to 0.82 - a consistent structural relationship.

Return for Risk

PXH vs. TJUN — Risk / Return Rank

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

PXH

PXH Risk / Return Rank: 58
PXH Sharpe Ratio Rank: 57
PXH Sortino Ratio Rank: 54
PXH Omega Ratio Rank: 57
PXH Calmar Ratio Rank: 61
PXH Martin Ratio Rank: 60

TJUN

TJUN Risk / Return Rank: 62
TJUN Sharpe Ratio Rank: 52
TJUN Sortino Ratio Rank: 48
TJUN Omega Ratio Rank: 69
TJUN Calmar Ratio Rank: 67
TJUN Martin Ratio Rank: 76

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.

PXH vs. TJUN - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco FTSE RAFI Emerging Markets ETF (PXH) 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.

	PXH	TJUN	Difference
Sharpe ratio: Return per unit of total volatility	1.81	1.63	+0.18
Sortino ratio: Return per unit of downside risk	2.44	2.16	+0.27
Omega ratio: Gain probability vs. loss probability	1.33	1.37	-0.04
Calmar ratio: Return relative to maximum drawdown	2.84	3.04	-0.20
Martin ratio: Return relative to average drawdown	10.04	13.10	-3.06

PXH vs. TJUN - Sharpe Ratio Comparison

The current PXH Sharpe Ratio is 1.81, which is comparable to the TJUN Sharpe Ratio of 1.63. The chart below compares the historical Sharpe Ratios of PXH 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

PXH vs. TJUN - Drawdown Comparison

The maximum PXH drawdown since its inception was -63.63%, which is greater than TJUN's maximum drawdown of -4.47%. Use the drawdown chart below to compare losses from any high point for PXH and TJUN.

Drawdown Indicators

	PXH	TJUN	Difference
Max Drawdown Largest peak-to-trough decline	-63.63%	-4.47%	-59.16%
Max Drawdown (1Y) Largest decline over 1 year	-10.24%	-4.47%	-5.77%
Max Drawdown (3Y) Largest decline over 3 years	-17.72%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-29.59%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-40.42%	—	—
Current Drawdown Current decline from peak	-4.91%	-3.88%	-1.03%
Average Drawdown Average peak-to-trough decline	-16.82%	-0.58%	-16.24%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.89%	1.04%	+1.85%

Volatility

PXH vs. TJUN - Volatility Comparison

Invesco FTSE RAFI Emerging Markets ETF (PXH) has a higher volatility of 6.78% compared to FT Vest Emerging Markets Buffer ETF - June (TJUN) at 4.01%. This indicates that PXH'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

	PXH	TJUN	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.78%	4.01%	+2.77%
Volatility (6M) Calculated over the trailing 6-month period	13.45%	6.42%	+7.03%
Volatility (1Y) Calculated over the trailing 1-year period	16.11%	8.33%	+7.78%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.93%	8.33%	+9.60%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.96%	8.33%	+11.63%

PXH vs. TJUN - Expense Ratio Comparison

PXH has a 0.50% expense ratio, which is lower than TJUN's 0.95% expense ratio.

Dividends

PXH vs. TJUN - Dividend Comparison

PXH's dividend yield for the trailing twelve months is around 4.34%, while TJUN has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
PXH Invesco FTSE RAFI Emerging Markets ETF	4.34%	4.02%	4.43%	4.84%	5.33%	4.69%	2.79%	3.28%	3.30%	2.74%	1.97%	3.44%
TJUN FT Vest Emerging Markets Buffer ETF - June	0.00%	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

Can I hold both PXH and TJUN in my portfolio?

PXH and TJUN have a correlation of 0.82, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, PXH or TJUN?

PXH has higher volatility (6.78%) compared to TJUN (4.01%). In terms of maximum drawdown, PXH dropped -63.63% vs TJUN's -4.47%.

Which ETF is better, PXH or TJUN?

On 1-year performance, PXH leads with 28.95% vs 13.53% for TJUN. On fees, PXH is cheaper at 0.50% per year. On volatility, TJUN has been the lower-risk option at 4.01%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, PXH or TJUN?

Over the 1-year period, PXH has performed better with a 28.95% return vs 13.53%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, PXH or TJUN?

PXH is cheaper with a 0.50% expense ratio, compared with 0.95% for TJUN.

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

PXH has the higher dividend yield at 4.34%, compared with 0.00% for TJUN.

What is the main difference between PXH and TJUN?

PXH is categorized as Emerging Markets Equities, while TJUN is Defined Outcome. They also come from different issuers: Invesco and First Trust. Their fees differ too: 0.50% for PXH and 0.95% for TJUN.

Which has better risk-adjusted returns?

PXH currently has the higher Sharpe Ratio (1.81 vs 1.63), 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.