XIDE vs. DDEC

Last updated Jun 6, 2026

XIDE (FT Cboe Vest U.S. Equity Buffer & Premium Income ETF - December) and DDEC (FT Vest U.S. Equity Deep Buffer ETF - December) are both exchange-traded funds - XIDE is a Options Trading fund actively managed by FT Vest, while DDEC is a Defined Outcome fund tracking the S&P 500. XIDE is actively managed, while DDEC is passively managed. Over the past year, XIDE returned 7.39% vs 15.39% for DDEC. Their correlation of 0.82 suggests significant overlap in exposure. Both charge a 0.85% expense ratio.

Performance

XIDE vs. DDEC - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in FT Cboe Vest U.S. Equity Buffer & Premium Income ETF - December (XIDE) and FT Vest U.S. Equity Deep Buffer ETF - December (DDEC). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, XIDE achieves a 2.82% return, which is significantly lower than DDEC's 4.10% return.

XIDE

• 1D: -0.35%
• 1M: 0.40%
• YTD: 2.82%
• 6M: 3.29%
• 1Y: 7.39%
• 3Y*: —
• 5Y*: —
• 10Y*: —

DDEC

• 1D: -0.97%
• 1M: 0.33%
• YTD: 4.10%
• 6M: 4.87%
• 1Y: 15.39%
• 3Y*: 12.36%
• 5Y*: 8.13%
• 10Y*: —

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

XIDE vs. DDEC - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
XIDE FT Cboe Vest U.S. Equity Buffer & Premium Income ETF - December	2.82%	6.89%	6.63%	0.28%
DDEC FT Vest U.S. Equity Deep Buffer ETF - December	4.10%	12.33%	12.26%	0.47%

Correlation

The correlation between XIDE and DDEC is 0.84, 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	0.84
Correlation (All Time) Calculated using the full available price history since Dec 19, 2023	0.82

The correlation between XIDE and DDEC has been stable across timeframes, ranging from 0.82 to 0.84 - a consistent structural relationship.

XIDE vs. DDEC - Sectors Allocation Comparison

Sectors	XIDE	DDEC
Technology	36.2%	36.2%
Financial Services	11.9%	11.9%
Communication Services	10.9%	10.9%
Consumer Cyclical	10.1%	10.1%
Healthcare	8.4%	8.4%
Industrials	8.1%	8.1%
Consumer Defensive	4.9%	4.9%
Energy	3.5%	3.5%
Utilities	2.3%	2.3%
Real Estate	1.9%	1.9%
Basic Materials	1.8%	1.8%

Return for Risk

XIDE vs. DDEC — Risk / Return Rank

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

XIDE

XIDE Risk / Return Rank: 85
XIDE Sharpe Ratio Rank: 83
XIDE Sortino Ratio Rank: 90
XIDE Omega Ratio Rank: 94
XIDE Calmar Ratio Rank: 67
XIDE Martin Ratio Rank: 90

DDEC

DDEC Risk / Return Rank: 85
DDEC Sharpe Ratio Rank: 84
DDEC Sortino Ratio Rank: 88
DDEC Omega Ratio Rank: 88
DDEC Calmar Ratio Rank: 76
DDEC Martin Ratio Rank: 88

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.

XIDE vs. DDEC - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for FT Cboe Vest U.S. Equity Buffer & Premium Income ETF - December (XIDE) and FT Vest U.S. Equity Deep Buffer ETF - December (DDEC). 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.

	XIDE	DDEC	Difference
Sharpe ratio: Return per unit of total volatility	2.55	2.63	-0.09
Sortino ratio: Return per unit of downside risk	3.98	3.83	+0.14
Omega ratio: Gain probability vs. loss probability	1.64	1.53	+0.10
Calmar ratio: Return relative to maximum drawdown	3.11	3.70	-0.59
Martin ratio: Return relative to average drawdown	19.26	18.58	+0.68
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

XIDE vs. DDEC - Sharpe Ratio Comparison

The current XIDE Sharpe Ratio is 2.55, which is comparable to the DDEC Sharpe Ratio of 2.63. The chart below compares the historical Sharpe Ratios of XIDE and DDEC, 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

	XIDE	DDEC	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.55	2.63	-0.09
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	1.16	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.33	1.22	+0.11

Drawdowns

XIDE vs. DDEC - Drawdown Comparison

The maximum XIDE drawdown since its inception was -6.61%, smaller than the maximum DDEC drawdown of -10.22%. Use the drawdown chart below to compare losses from any high point for XIDE and DDEC.

Drawdown Indicators

	XIDE	DDEC	Difference
Max Drawdown Largest peak-to-trough decline	-6.61%	-10.22%	+3.61%
Max Drawdown (1Y) Largest decline over 1 year	-2.38%	-4.18%	+1.80%
Max Drawdown (3Y) Largest decline over 3 years	—	-9.40%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-10.22%	—
Current Drawdown Current decline from peak	-0.35%	-1.01%	+0.66%
Average Drawdown Average peak-to-trough decline	-0.25%	-1.87%	+1.62%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.38%	0.83%	-0.45%

Volatility

XIDE vs. DDEC - Volatility Comparison

The current volatility for FT Cboe Vest U.S. Equity Buffer & Premium Income ETF - December (XIDE) is 0.48%, while FT Vest U.S. Equity Deep Buffer ETF - December (DDEC) has a volatility of 1.27%. This indicates that XIDE experiences smaller price fluctuations and is considered to be less risky than DDEC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	XIDE	DDEC	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.48%	1.27%	-0.79%
Volatility (6M) Calculated over the trailing 6-month period	2.63%	4.47%	-1.84%
Volatility (1Y) Calculated over the trailing 1-year period	2.92%	5.87%	-2.95%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	5.12%	7.03%	-1.91%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	5.12%	6.88%	-1.76%

XIDE vs. DDEC - Expense Ratio Comparison

Both XIDE and DDEC have an expense ratio of 0.85%.

Dividends

XIDE vs. DDEC - Dividend Comparison

XIDE's dividend yield for the trailing twelve months is around 6.38%, while DDEC has not paid dividends to shareholders.

Position	TTM	2025	2024
DDEC FT Vest U.S. Equity Deep Buffer ETF - December	0.00%	0.00%	0.00%
XIDE FT Cboe Vest U.S. Equity Buffer & Premium Income ETF - December	6.38%	6.51%	6.68%

Frequently Asked Questions

Can I hold both XIDE and DDEC in my portfolio?

XIDE and DDEC have a correlation of 0.84, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, XIDE or DDEC?

DDEC has higher volatility (1.27%) compared to XIDE (0.48%). In terms of maximum drawdown, XIDE dropped -6.61% vs DDEC's -10.22%.

Which ETF is better, XIDE or DDEC?

On 1-year performance, DDEC leads with 15.39% vs 7.39% for XIDE. Both ETFs have the same 0.85% expense ratio. On volatility, XIDE has been the lower-risk option at 0.48%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, XIDE or DDEC?

Over the 1-year period, DDEC has performed better with a 15.39% return vs 7.39%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, XIDE or DDEC?

XIDE and DDEC have the same expense ratio: 0.85% per year.

Which ETF pays a higher dividend yield, XIDE or DDEC?

XIDE has the higher dividend yield at 6.38%, compared with 0.00% for DDEC.

What is the main difference between XIDE and DDEC?

XIDE is categorized as Options Trading, while DDEC is Defined Outcome.

Which has better risk-adjusted returns?

DDEC currently has the higher Sharpe Ratio (2.63 vs 2.55), 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.