XCEM vs. TDEC

Last updated Jun 4, 2026

XCEM (Columbia EM Core ex-China ETF) and TDEC (FT Vest Emerging Markets Buffer ETF - December) are both exchange-traded funds - XCEM is a Emerging Markets Equities fund tracking the MSCI Emerging Markets ex China Index, while TDEC is a Defined Outcome fund tracking the MSCI Emerging Markets. Both are passively managed. Over the past year, XCEM returned 71.14% vs 24.15% for TDEC. Their correlation of 0.86 suggests significant overlap in exposure. XCEM charges 0.16%/yr vs 0.95%/yr for TDEC.

Performance

XCEM vs. TDEC - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Columbia EM Core ex-China ETF (XCEM) 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, XCEM achieves a 38.32% return, which is significantly higher than TDEC's 9.14% return.

XCEM

• 1D: -1.25%
• 1M: 12.13%
• YTD: 38.32%
• 6M: 44.13%
• 1Y: 71.14%
• 3Y*: 26.37%
• 5Y*: 11.95%
• 10Y*: 12.99%

TDEC

• 1D: -0.33%
• 1M: 1.54%
• YTD: 9.14%
• 6M: 11.08%
• 1Y: 24.15%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

XCEM vs. TDEC - Yearly Performance Comparison

	2026 (YTD)	2025	2024
XCEM Columbia EM Core ex-China ETF	38.32%	34.05%	-1.50%
TDEC FT Vest Emerging Markets Buffer ETF - December	9.14%	21.39%	-0.70%

Correlation

The correlation between XCEM and TDEC is 0.87, 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	0.87
Correlation (All Time) Calculated using the full available price history since Dec 24, 2024	0.86

The correlation between XCEM and TDEC has been stable across timeframes, ranging from 0.86 to 0.87 - a consistent structural relationship.

Return for Risk

XCEM vs. TDEC — Risk / Return Rank

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

XCEM

XCEM Risk / Return Rank: 90
XCEM Sharpe Ratio Rank: 92
XCEM Sortino Ratio Rank: 90
XCEM Omega Ratio Rank: 91
XCEM Calmar Ratio Rank: 87
XCEM Martin Ratio Rank: 89

TDEC

TDEC Risk / Return Rank: 74
TDEC Sharpe Ratio Rank: 74
TDEC Sortino Ratio Rank: 75
TDEC Omega Ratio Rank: 87
TDEC Calmar Ratio Rank: 61
TDEC Martin Ratio Rank: 71

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.

XCEM vs. TDEC - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Columbia EM Core ex-China ETF (XCEM) 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.

	XCEM	TDEC	Difference
Sharpe ratio: Return per unit of total volatility	3.42	2.41	+1.02
Sortino ratio: Return per unit of downside risk	4.27	3.34	+0.93
Omega ratio: Gain probability vs. loss probability	1.61	1.54	+0.07
Calmar ratio: Return relative to maximum drawdown	4.95	2.97	+1.97
Martin ratio: Return relative to average drawdown	19.98	13.07	+6.91
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

XCEM vs. TDEC - Sharpe Ratio Comparison

The current XCEM Sharpe Ratio is 3.42, which is higher than the TDEC Sharpe Ratio of 2.41. The chart below compares the historical Sharpe Ratios of XCEM 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

	XCEM	TDEC	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	3.42	2.41	+1.02
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.68	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.66	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.63	1.81	-1.17

Drawdowns

XCEM vs. TDEC - Drawdown Comparison

The maximum XCEM drawdown since its inception was -41.24%, which is greater than TDEC's maximum drawdown of -10.30%. Use the drawdown chart below to compare losses from any high point for XCEM and TDEC.

Drawdown Indicators

	XCEM	TDEC	Difference
Max Drawdown Largest peak-to-trough decline	-41.24%	-10.30%	-30.94%
Max Drawdown (1Y) Largest decline over 1 year	-14.46%	-8.16%	-6.30%
Max Drawdown (3Y) Largest decline over 3 years	-18.92%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-29.67%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-41.24%	—	—
Current Drawdown Current decline from peak	-1.25%	-0.33%	-0.92%
Average Drawdown Average peak-to-trough decline	-8.59%	-1.04%	-7.55%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.57%	1.85%	+1.72%

Volatility

XCEM vs. TDEC - Volatility Comparison

Columbia EM Core ex-China ETF (XCEM) has a higher volatility of 9.43% compared to FT Vest Emerging Markets Buffer ETF - December (TDEC) at 2.81%. This indicates that XCEM'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

	XCEM	TDEC	Difference
Volatility (1M) Calculated over the trailing 1-month period	9.43%	2.81%	+6.62%
Volatility (6M) Calculated over the trailing 6-month period	18.72%	9.02%	+9.70%
Volatility (1Y) Calculated over the trailing 1-year period	20.89%	10.09%	+10.80%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.75%	11.75%	+6.00%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.72%	11.75%	+7.97%

XCEM vs. TDEC - Expense Ratio Comparison

XCEM has a 0.16% expense ratio, which is lower than TDEC's 0.95% expense ratio.

Dividends

XCEM vs. TDEC - Dividend Comparison

XCEM's dividend yield for the trailing twelve months is around 2.35%, while TDEC has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
TDEC FT Vest Emerging Markets Buffer ETF - December	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
XCEM Columbia EM Core ex-China ETF	2.35%	3.25%	2.76%	1.22%	2.42%	1.94%	1.63%	2.11%	2.70%	9.56%	1.24%	2.63%

Frequently Asked Questions

Can I hold both XCEM and TDEC in my portfolio?

XCEM and TDEC have a correlation of 0.87, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, XCEM or TDEC?

XCEM has higher volatility (9.43%) compared to TDEC (2.81%). In terms of maximum drawdown, XCEM dropped -41.24% vs TDEC's -10.30%.

Which ETF is better, XCEM or TDEC?

On 1-year performance, XCEM leads with 71.14% vs 24.15% for TDEC. On fees, XCEM is cheaper at 0.16% per year. On volatility, TDEC has been the lower-risk option at 2.81%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, XCEM or TDEC?

Over the 1-year period, XCEM has performed better with a 71.14% return vs 24.15%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, XCEM or TDEC?

XCEM is cheaper with a 0.16% expense ratio, compared with 0.95% for TDEC.

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

XCEM has the higher dividend yield at 2.35%, compared with 0.00% for TDEC.

What is the main difference between XCEM and TDEC?

XCEM is categorized as Emerging Markets Equities, while TDEC is Defined Outcome. XCEM tracks MSCI Emerging Markets ex China Index, while TDEC tracks MSCI Emerging Markets. They also come from different issuers: Ameriprise Financial and FT Vest. Their fees differ too: 0.16% for XCEM and 0.95% for TDEC.

Which has better risk-adjusted returns?

XCEM currently has the higher Sharpe Ratio (3.42 vs 2.41), 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.