TDEC vs. VNAM

Last updated Jun 5, 2026

TDEC (FT Vest Emerging Markets Buffer ETF - December) and VNAM (Global X MSCI Vietnam ETF) are both exchange-traded funds - TDEC is a Defined Outcome fund tracking the MSCI Emerging Markets, while VNAM is a Emerging Markets Equities fund tracking the MSCI Vietnam Select 25/50 Index. Both are passively managed. Over the past year, TDEC returned 22.62% vs 44.43% for VNAM. At a 0.21 correlation, their price movements are largely independent. TDEC charges 0.95%/yr vs 0.51%/yr for VNAM.

Performance

TDEC vs. VNAM - Performance Comparison

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

Returns By Period

In the year-to-date period, TDEC achieves a 8.78% return, which is significantly higher than VNAM's -1.29% return.

TDEC

• 1D: -0.33%
• 1M: 0.36%
• YTD: 8.78%
• 6M: 10.67%
• 1Y: 22.62%
• 3Y*: —
• 5Y*: —
• 10Y*: —

VNAM

• 1D: 1.12%
• 1M: -5.57%
• YTD: -1.29%
• 6M: 2.35%
• 1Y: 44.43%
• 3Y*: 16.49%
• 5Y*: —
• 10Y*: —

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

TDEC vs. VNAM - Yearly Performance Comparison

	2026 (YTD)	2025	2024
TDEC FT Vest Emerging Markets Buffer ETF - December	8.78%	21.39%	-0.70%
VNAM Global X MSCI Vietnam ETF	-1.29%	67.05%	-0.54%

Correlation

The correlation between TDEC and VNAM is 0.13, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.13
Correlation (All Time) Calculated using the full available price history since Dec 24, 2024	0.21

Return for Risk

TDEC vs. VNAM — Risk / Return Rank

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

TDEC

TDEC Risk / Return Rank: 70
TDEC Sharpe Ratio Rank: 70
TDEC Sortino Ratio Rank: 71
TDEC Omega Ratio Rank: 84
TDEC Calmar Ratio Rank: 57
TDEC Martin Ratio Rank: 68

VNAM

VNAM Risk / Return Rank: 48
VNAM Sharpe Ratio Rank: 48
VNAM Sortino Ratio Rank: 46
VNAM Omega Ratio Rank: 46
VNAM Calmar Ratio Rank: 54
VNAM Martin Ratio Rank: 47

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. VNAM - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for FT Vest Emerging Markets Buffer ETF - December (TDEC) and Global X MSCI Vietnam ETF (VNAM). 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.

	TDEC	VNAM	Difference
Sharpe ratio: Return per unit of total volatility	2.26	1.66	+0.60
Sortino ratio: Return per unit of downside risk	3.15	2.29	+0.86
Omega ratio: Gain probability vs. loss probability	1.50	1.29	+0.22
Calmar ratio: Return relative to maximum drawdown	2.79	2.62	+0.16
Martin ratio: Return relative to average drawdown	12.24	7.68	+4.56
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

TDEC vs. VNAM - Sharpe Ratio Comparison

The current TDEC Sharpe Ratio is 2.26, which is higher than the VNAM Sharpe Ratio of 1.66. The chart below compares the historical Sharpe Ratios of TDEC and VNAM, 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

	TDEC	VNAM	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.26	1.66	+0.60
Sharpe Ratio (All Time) Calculated using the full available price history	1.78	-0.02	+1.79

Drawdowns

TDEC vs. VNAM - Drawdown Comparison

The maximum TDEC drawdown since its inception was -10.30%, smaller than the maximum VNAM drawdown of -52.84%. Use the drawdown chart below to compare losses from any high point for TDEC and VNAM.

Drawdown Indicators

	TDEC	VNAM	Difference
Max Drawdown Largest peak-to-trough decline	-10.30%	-52.84%	+42.54%
Max Drawdown (1Y) Largest decline over 1 year	-8.16%	-17.03%	+8.87%
Max Drawdown (3Y) Largest decline over 3 years	—	-31.34%	—
Current Drawdown Current decline from peak	-0.66%	-7.98%	+7.32%
Average Drawdown Average peak-to-trough decline	-1.04%	-30.52%	+29.48%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.85%	5.82%	-3.97%

Volatility

TDEC vs. VNAM - Volatility Comparison

The current volatility for FT Vest Emerging Markets Buffer ETF - December (TDEC) is 2.72%, while Global X MSCI Vietnam ETF (VNAM) has a volatility of 6.59%. This indicates that TDEC experiences smaller price fluctuations and is considered to be less risky than VNAM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	TDEC	VNAM	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.72%	6.59%	-3.87%
Volatility (6M) Calculated over the trailing 6-month period	9.03%	19.89%	-10.86%
Volatility (1Y) Calculated over the trailing 1-year period	10.09%	26.86%	-16.77%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	11.73%	25.60%	-13.87%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	11.73%	25.60%	-13.87%

TDEC vs. VNAM - Expense Ratio Comparison

TDEC has a 0.95% expense ratio, which is higher than VNAM's 0.51% expense ratio.

Dividends

TDEC vs. VNAM - Dividend Comparison

TDEC has not paid dividends to shareholders, while VNAM's dividend yield for the trailing twelve months is around 0.50%.

Position	TTM	2025	2024	2023	2022	2021
TDEC FT Vest Emerging Markets Buffer ETF - December	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
VNAM Global X MSCI Vietnam ETF	0.50%	0.50%	1.00%	0.49%	1.04%	0.13%

Frequently Asked Questions

Can I hold both TDEC and VNAM in my portfolio?

TDEC and VNAM have a correlation of 0.13, 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 VNAM?

VNAM has higher volatility (6.59%) compared to TDEC (2.72%). In terms of maximum drawdown, TDEC dropped -10.30% vs VNAM's -52.84%.

Which ETF is better, TDEC or VNAM?

On 1-year performance, VNAM leads with 44.43% vs 22.62% for TDEC. On fees, VNAM is cheaper at 0.51% per year. On volatility, TDEC has been the lower-risk option at 2.72%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, TDEC or VNAM?

Over the 1-year period, VNAM has performed better with a 44.43% return vs 22.62%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, TDEC or VNAM?

VNAM is cheaper with a 0.51% expense ratio, compared with 0.95% for TDEC.

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

VNAM has the higher dividend yield at 0.50%, compared with 0.00% for TDEC.

What is the main difference between TDEC and VNAM?

TDEC is categorized as Defined Outcome, while VNAM is Emerging Markets Equities. TDEC tracks MSCI Emerging Markets, while VNAM tracks MSCI Vietnam Select 25/50 Index. They also come from different issuers: FT Vest and Global X. Their fees differ too: 0.95% for TDEC and 0.51% for VNAM.

Which has better risk-adjusted returns?

TDEC currently has the higher Sharpe Ratio (2.26 vs 1.66), 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.