XDEC vs. RDVI

Last updated Jun 4, 2026

XDEC (FT Cboe Vest U.S. Equity Enhance & Moderate Buffer ETF - December) and RDVI (FT Cboe Vest Rising Dividend Achievers Target Income ETF) are both exchange-traded funds - XDEC is a Defined Outcome fund tracking the SPDR S&P 500 ETF Trust - Benchmark TR Gross, while RDVI is a Derivative Income fund tracking the NASDAQ US Rising Dividend Achievers. Both are passively managed. Over the past 3 years, XDEC returned 10.02%/yr vs 18.62%/yr for RDVI. A 0.69 correlation means they provide meaningful diversification when combined. XDEC charges 0.85%/yr vs 0.75%/yr for RDVI.

Performance

XDEC vs. RDVI - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in FT Cboe Vest U.S. Equity Enhance & Moderate Buffer ETF - December (XDEC) and FT Cboe Vest Rising Dividend Achievers Target Income ETF (RDVI). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, XDEC achieves a 4.43% return, which is significantly lower than RDVI's 9.43% return.

XDEC

• 1D: -0.18%
• 1M: 1.62%
• YTD: 4.43%
• 6M: 4.96%
• 1Y: 12.16%
• 3Y*: 10.02%
• 5Y*: —
• 10Y*: —

RDVI

• 1D: 0.07%
• 1M: 2.77%
• YTD: 9.43%
• 6M: 10.61%
• 1Y: 24.98%
• 3Y*: 18.62%
• 5Y*: —
• 10Y*: —

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

XDEC vs. RDVI - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
XDEC FT Cboe Vest U.S. Equity Enhance & Moderate Buffer ETF - December	4.43%	9.71%	9.61%	14.37%	6.19%
RDVI FT Cboe Vest Rising Dividend Achievers Target Income ETF	9.43%	17.93%	14.56%	18.63%	9.91%

Correlation

The correlation between XDEC and RDVI is 0.74, 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	0.74
Correlation (3Y) Calculated over the trailing 3-year period	0.64
Correlation (All Time) Calculated using the full available price history since Oct 21, 2022	0.69

The correlation between XDEC and RDVI has been stable across timeframes, ranging from 0.64 to 0.74 - a consistent structural relationship.

XDEC vs. RDVI - Sectors Allocation Comparison

Sectors	XDEC	RDVI
Technology	36.2%	17.6%
Financial Services	11.9%	36.5%
Communication Services	10.9%	5.4%
Consumer Cyclical	10.1%	12.2%
Healthcare	8.4%	8.1%
Industrials	8.1%	12.2%
Consumer Defensive	4.9%	4.1%
Energy	3.5%	1.4%
Utilities	2.3%	1.4%
Real Estate	1.9%	-
Basic Materials	1.8%	-

Return for Risk

XDEC vs. RDVI — Risk / Return Rank

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

XDEC

XDEC Risk / Return Rank: 81
XDEC Sharpe Ratio Rank: 80
XDEC Sortino Ratio Rank: 86
XDEC Omega Ratio Rank: 90
XDEC Calmar Ratio Rank: 64
XDEC Martin Ratio Rank: 86

RDVI

RDVI Risk / Return Rank: 58
RDVI Sharpe Ratio Rank: 55
RDVI Sortino Ratio Rank: 57
RDVI Omega Ratio Rank: 54
RDVI Calmar Ratio Rank: 59
RDVI Martin Ratio Rank: 67

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.

XDEC vs. RDVI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for FT Cboe Vest U.S. Equity Enhance & Moderate Buffer ETF - December (XDEC) and FT Cboe Vest Rising Dividend Achievers Target Income ETF (RDVI). 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.

	XDEC	RDVI	Difference
Sharpe ratio: Return per unit of total volatility	2.57	1.89	+0.68
Sortino ratio: Return per unit of downside risk	3.88	2.74	+1.14
Omega ratio: Gain probability vs. loss probability	1.57	1.34	+0.23
Calmar ratio: Return relative to maximum drawdown	3.12	2.96	+0.17
Martin ratio: Return relative to average drawdown	18.12	12.48	+5.64
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

XDEC vs. RDVI - Sharpe Ratio Comparison

The current XDEC Sharpe Ratio is 2.57, which is higher than the RDVI Sharpe Ratio of 1.89. The chart below compares the historical Sharpe Ratios of XDEC and RDVI, 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

	XDEC	RDVI	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.57	1.89	+0.68
Sharpe Ratio (All Time) Calculated using the full available price history	0.96	1.19	-0.22

Drawdowns

XDEC vs. RDVI - Drawdown Comparison

The maximum XDEC drawdown since its inception was -11.75%, smaller than the maximum RDVI drawdown of -18.35%. Use the drawdown chart below to compare losses from any high point for XDEC and RDVI.

Drawdown Indicators

	XDEC	RDVI	Difference
Max Drawdown Largest peak-to-trough decline	-11.75%	-18.35%	+6.60%
Max Drawdown (1Y) Largest decline over 1 year	-3.91%	-8.48%	+4.57%
Max Drawdown (3Y) Largest decline over 3 years	-10.08%	-18.35%	+8.27%
Current Drawdown Current decline from peak	-0.18%	-0.43%	+0.25%
Average Drawdown Average peak-to-trough decline	-1.65%	-3.17%	+1.52%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.67%	2.01%	-1.34%

Volatility

XDEC vs. RDVI - Volatility Comparison

The current volatility for FT Cboe Vest U.S. Equity Enhance & Moderate Buffer ETF - December (XDEC) is 0.72%, while FT Cboe Vest Rising Dividend Achievers Target Income ETF (RDVI) has a volatility of 3.66%. This indicates that XDEC experiences smaller price fluctuations and is considered to be less risky than RDVI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	XDEC	RDVI	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.72%	3.66%	-2.94%
Volatility (6M) Calculated over the trailing 6-month period	4.11%	10.50%	-6.39%
Volatility (1Y) Calculated over the trailing 1-year period	4.76%	13.27%	-8.51%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	8.47%	16.91%	-8.44%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	8.47%	16.91%	-8.44%

XDEC vs. RDVI - Expense Ratio Comparison

XDEC has a 0.85% expense ratio, which is higher than RDVI's 0.75% expense ratio.

Dividends

XDEC vs. RDVI - Dividend Comparison

XDEC has not paid dividends to shareholders, while RDVI's dividend yield for the trailing twelve months is around 7.94%.

Position	TTM	2025	2024	2023	2022
RDVI FT Cboe Vest Rising Dividend Achievers Target Income ETF	7.94%	8.10%	8.62%	8.45%	1.53%
XDEC FT Cboe Vest U.S. Equity Enhance & Moderate Buffer ETF - December	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both XDEC and RDVI in my portfolio?

XDEC and RDVI have a correlation of 0.74, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, XDEC or RDVI?

RDVI has higher volatility (3.66%) compared to XDEC (0.72%). In terms of maximum drawdown, XDEC dropped -11.75% vs RDVI's -18.35%.

Which ETF is better, XDEC or RDVI?

On 3-year performance, RDVI leads with 18.62% vs 10.02% for XDEC. On fees, RDVI is cheaper at 0.75% per year. On volatility, XDEC has been the lower-risk option at 0.72%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, XDEC or RDVI?

Over the 3-year period, RDVI has performed better with a 18.62% return vs 10.02%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, XDEC or RDVI?

RDVI is cheaper with a 0.75% expense ratio, compared with 0.85% for XDEC.

Which ETF pays a higher dividend yield, XDEC or RDVI?

RDVI has the higher dividend yield at 7.94%, compared with 0.00% for XDEC.

What is the main difference between XDEC and RDVI?

XDEC is categorized as Defined Outcome, while RDVI is Derivative Income. XDEC tracks SPDR S&P 500 ETF Trust - Benchmark TR Gross, while RDVI tracks NASDAQ US Rising Dividend Achievers. Their fees differ too: 0.85% for XDEC and 0.75% for RDVI.

Which has better risk-adjusted returns?

XDEC currently has the higher Sharpe Ratio (2.57 vs 1.89), 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.