TJUN vs. FEM

Last updated Jun 24, 2026

TJUN (FT Vest Emerging Markets Buffer ETF - June) and FEM (First Trust Emerging Markets AlphaDEX Fund) are both exchange-traded funds - TJUN is a Defined Outcome fund managed by First Trust, while FEM is a Emerging Markets Equities fund tracking the NASDAQ AlphaDEX EM Index. Over the past year, TJUN returned 13.53% vs 35.75% for FEM. A 0.72 correlation means they provide meaningful diversification when combined. TJUN charges 0.95%/yr vs 0.80%/yr for FEM.

Performance

TJUN vs. FEM - Performance Comparison

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

Returns By Period

In the year-to-date period, TJUN achieves a 1.65% return, which is significantly lower than FEM's 16.29% return.

TJUN

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

FEM

• 1D: -3.61%
• 1M: -2.59%
• YTD: 16.29%
• 6M: 15.74%
• 1Y: 35.75%
• 3Y*: 19.09%
• 5Y*: 6.91%
• 10Y*: 9.60%

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

TJUN vs. FEM - Yearly Performance Comparison

	2026 (YTD)	2025
TJUN FT Vest Emerging Markets Buffer ETF - June	1.65%	11.79%
FEM First Trust Emerging Markets AlphaDEX Fund	16.29%	17.86%

Correlation

The correlation between TJUN and FEM is 0.72, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.72
Correlation (All Time) Calculated using the full available price history since Jun 23, 2025	0.72

The correlation between TJUN and FEM has been stable across timeframes, ranging from 0.72 to 0.72 - a consistent structural relationship.

Return for Risk

TJUN vs. FEM — Risk / Return Rank

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

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

FEM

FEM Risk / Return Rank: 66
FEM Sharpe Ratio Rank: 62
FEM Sortino Ratio Rank: 53
FEM Omega Ratio Rank: 60
FEM Calmar Ratio Rank: 79
FEM Martin Ratio Rank: 75

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.

TJUN vs. FEM - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for FT Vest Emerging Markets Buffer ETF - June (TJUN) and First Trust Emerging Markets AlphaDEX Fund (FEM). 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.

	TJUN	FEM	Difference
Sharpe ratio: Return per unit of total volatility	1.63	1.90	-0.27
Sortino ratio: Return per unit of downside risk	2.16	2.42	-0.26
Omega ratio: Gain probability vs. loss probability	1.37	1.34	+0.03
Calmar ratio: Return relative to maximum drawdown	3.04	3.86	-0.82
Martin ratio: Return relative to average drawdown	13.10	13.27	-0.17

TJUN vs. FEM - Sharpe Ratio Comparison

The current TJUN Sharpe Ratio is 1.63, which is comparable to the FEM Sharpe Ratio of 1.90. The chart below compares the historical Sharpe Ratios of TJUN and FEM, 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

TJUN vs. FEM - Drawdown Comparison

The maximum TJUN drawdown since its inception was -4.47%, smaller than the maximum FEM drawdown of -46.23%. Use the drawdown chart below to compare losses from any high point for TJUN and FEM.

Drawdown Indicators

	TJUN	FEM	Difference
Max Drawdown Largest peak-to-trough decline	-4.47%	-46.23%	+41.76%
Max Drawdown (1Y) Largest decline over 1 year	-4.47%	-9.31%	+4.84%
Max Drawdown (3Y) Largest decline over 3 years	—	-18.79%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-31.72%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-46.23%	—
Current Drawdown Current decline from peak	-3.88%	-5.81%	+1.93%
Average Drawdown Average peak-to-trough decline	-0.58%	-15.00%	+14.42%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.04%	2.70%	-1.66%

Volatility

TJUN vs. FEM - Volatility Comparison

The current volatility for FT Vest Emerging Markets Buffer ETF - June (TJUN) is 4.01%, while First Trust Emerging Markets AlphaDEX Fund (FEM) has a volatility of 8.76%. This indicates that TJUN experiences smaller price fluctuations and is considered to be less risky than FEM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	TJUN	FEM	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.01%	8.76%	-4.75%
Volatility (6M) Calculated over the trailing 6-month period	6.42%	16.30%	-9.88%
Volatility (1Y) Calculated over the trailing 1-year period	8.33%	18.88%	-10.55%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	8.33%	18.67%	-10.34%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	8.33%	20.97%	-12.64%

TJUN vs. FEM - Expense Ratio Comparison

TJUN has a 0.95% expense ratio, which is higher than FEM's 0.80% expense ratio.

Dividends

TJUN vs. FEM - Dividend Comparison

TJUN has not paid dividends to shareholders, while FEM's dividend yield for the trailing twelve months is around 2.67%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FEM First Trust Emerging Markets AlphaDEX Fund	2.67%	3.13%	3.66%	4.96%	6.15%	4.15%	2.68%	3.31%	3.52%	2.45%	2.25%	3.61%
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 TJUN and FEM in my portfolio?

TJUN and FEM have a correlation of 0.72, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, TJUN or FEM?

FEM has higher volatility (8.76%) compared to TJUN (4.01%). In terms of maximum drawdown, TJUN dropped -4.47% vs FEM's -46.23%.

Which ETF is better, TJUN or FEM?

On 1-year performance, FEM leads with 35.75% vs 13.53% for TJUN. On fees, FEM is cheaper at 0.80% 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, TJUN or FEM?

Over the 1-year period, FEM has performed better with a 35.75% return vs 13.53%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, TJUN or FEM?

FEM is cheaper with a 0.80% expense ratio, compared with 0.95% for TJUN.

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

FEM has the higher dividend yield at 2.67%, compared with 0.00% for TJUN.

What is the main difference between TJUN and FEM?

TJUN is categorized as Defined Outcome, while FEM is Emerging Markets Equities. Their fees differ too: 0.95% for TJUN and 0.80% for FEM.

Which has better risk-adjusted returns?

FEM currently has the higher Sharpe Ratio (1.90 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.