TDEC vs. FDND

Last updated Jun 23, 2026

TDEC (FT Vest Emerging Markets Buffer ETF - December) and FDND (FT Vest Dow Jones Internet & Target Income ETF) are both exchange-traded funds - TDEC is a Defined Outcome fund tracking the MSCI Emerging Markets, while FDND is a Technology Equities fund actively managed by FT Vest. TDEC is passively managed, while FDND is actively managed. Over the past year, TDEC returned 23.62% vs -0.47% for FDND. A 0.50 correlation means they provide meaningful diversification when combined. TDEC charges 0.95%/yr vs 0.75%/yr for FDND.

Performance

TDEC vs. FDND - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in FT Vest Emerging Markets Buffer ETF - December (TDEC) 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, TDEC achieves a 10.01% return, which is significantly higher than FDND's -4.93% return.

TDEC

• 1D: 0.22%
• 1M: 2.09%
• YTD: 10.01%
• 6M: 11.45%
• 1Y: 23.62%
• 3Y*: —
• 5Y*: —
• 10Y*: —

FDND

• 1D: -2.07%
• 1M: -5.31%
• YTD: -4.93%
• 6M: -5.62%
• 1Y: -0.47%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

TDEC vs. FDND - Yearly Performance Comparison

	2026 (YTD)	2025	2024
TDEC FT Vest Emerging Markets Buffer ETF - December	10.01%	21.39%	-0.75%
FDND FT Vest Dow Jones Internet & Target Income ETF	-4.93%	9.69%	-2.21%

Correlation

The correlation between TDEC and FDND is 0.45, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.45
Correlation (All Time) Calculated using the full available price history since Dec 23, 2024	0.50

The correlation between TDEC and FDND has been stable across timeframes, ranging from 0.45 to 0.50 - a consistent structural relationship.

Return for Risk

TDEC vs. FDND — Risk / Return Rank

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

TDEC

TDEC Risk / Return Rank: 73
TDEC Sharpe Ratio Rank: 73
TDEC Sortino Ratio Rank: 73
TDEC Omega Ratio Rank: 87
TDEC Calmar Ratio Rank: 61
TDEC Martin Ratio Rank: 70

FDND

FDND Risk / Return Rank: 8
FDND Sharpe Ratio Rank: 8
FDND Sortino Ratio Rank: 8
FDND Omega Ratio Rank: 8
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.

TDEC vs. FDND - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for FT Vest Emerging Markets Buffer ETF - December (TDEC) 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.

	TDEC	FDND	Difference
Sharpe ratio: Return per unit of total volatility	2.27	-0.03	+2.29
Sortino ratio: Return per unit of downside risk	3.13	0.09	+3.04
Omega ratio: Gain probability vs. loss probability	1.51	1.01	+0.50
Calmar ratio: Return relative to maximum drawdown	2.91	-0.02	+2.93
Martin ratio: Return relative to average drawdown	12.58	-0.06	+12.64

TDEC vs. FDND - Sharpe Ratio Comparison

The current TDEC Sharpe Ratio is 2.27, which is higher than the FDND Sharpe Ratio of -0.03. The chart below compares the historical Sharpe Ratios of TDEC 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

TDEC vs. FDND - Drawdown Comparison

The maximum TDEC drawdown since its inception was -10.30%, smaller than the maximum FDND drawdown of -24.12%. Use the drawdown chart below to compare losses from any high point for TDEC and FDND.

Drawdown Indicators

	TDEC	FDND	Difference
Max Drawdown Largest peak-to-trough decline	-10.30%	-24.12%	+13.82%
Max Drawdown (1Y) Largest decline over 1 year	-8.16%	-20.49%	+12.33%
Current Drawdown Current decline from peak	0.00%	-11.11%	+11.11%
Average Drawdown Average peak-to-trough decline	-1.04%	-5.72%	+4.68%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.88%	8.59%	-6.71%

Volatility

TDEC vs. FDND - Volatility Comparison

The current volatility for FT Vest Emerging Markets Buffer ETF - December (TDEC) is 3.93%, while FT Vest Dow Jones Internet & Target Income ETF (FDND) has a volatility of 7.32%. This indicates that TDEC 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

	TDEC	FDND	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.93%	7.32%	-3.39%
Volatility (6M) Calculated over the trailing 6-month period	9.72%	15.06%	-5.34%
Volatility (1Y) Calculated over the trailing 1-year period	10.50%	19.00%	-8.50%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	11.91%	21.51%	-9.60%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	11.91%	21.51%	-9.60%

TDEC vs. FDND - Expense Ratio Comparison

TDEC has a 0.95% expense ratio, which is higher than FDND's 0.75% expense ratio.

Dividends

TDEC vs. FDND - Dividend Comparison

TDEC has not paid dividends to shareholders, while FDND's dividend yield for the trailing twelve months is around 8.59%.

Position	TTM	2025	2024
FDND FT Vest Dow Jones Internet & Target Income ETF	8.59%	8.11%	5.51%
TDEC FT Vest Emerging Markets Buffer ETF - December	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both TDEC and FDND in my portfolio?

TDEC and FDND have a correlation of 0.45, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, TDEC or FDND?

FDND has higher volatility (7.32%) compared to TDEC (3.93%). In terms of maximum drawdown, TDEC dropped -10.30% vs FDND's -24.12%.

Which ETF is better, TDEC or FDND?

On 1-year performance, TDEC leads with 23.62% vs -0.47% for FDND. On fees, FDND is cheaper at 0.75% per year. On volatility, TDEC has been the lower-risk option at 3.93%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, TDEC or FDND?

Over the 1-year period, TDEC has performed better with a 23.62% return vs -0.47%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, TDEC or FDND?

FDND is cheaper with a 0.75% expense ratio, compared with 0.95% for TDEC.

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

FDND has the higher dividend yield at 8.59%, compared with 0.00% for TDEC.

What is the main difference between TDEC and FDND?

TDEC is categorized as Defined Outcome, while FDND is Technology Equities. Their fees differ too: 0.95% for TDEC and 0.75% for FDND.

Which has better risk-adjusted returns?

TDEC currently has the higher Sharpe Ratio (2.27 vs -0.03), 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.