YDEC vs. DDEC

Last updated Jun 4, 2026

YDEC (FT Vest International Equity Moderate Buffer ETF – December) and DDEC (FT Vest U.S. Equity Deep Buffer ETF - December) are both Defined Outcome funds from FT Vest. YDEC is actively managed, while DDEC is passively managed. Over the past 5 years, YDEC returned 4.75%/yr vs 8.31%/yr for DDEC. A 0.66 correlation means they provide meaningful diversification when combined. YDEC charges 0.90%/yr vs 0.85%/yr for DDEC.

Performance

YDEC vs. DDEC - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in FT Vest International Equity Moderate Buffer ETF – December (YDEC) 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, YDEC achieves a 4.41% return, which is significantly lower than DDEC's 4.97% return.

YDEC

• 1D: -0.27%
• 1M: 1.81%
• YTD: 4.41%
• 6M: 4.89%
• 1Y: 10.42%
• 3Y*: 8.01%
• 5Y*: 4.75%
• 10Y*: —

DDEC

• 1D: -0.19%
• 1M: 1.98%
• YTD: 4.97%
• 6M: 5.94%
• 1Y: 16.08%
• 3Y*: 12.69%
• 5Y*: 8.31%
• 10Y*: —

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

YDEC vs. DDEC - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020
YDEC FT Vest International Equity Moderate Buffer ETF – December	4.41%	16.04%	-0.79%	14.33%	-6.37%	5.25%	0.90%
DDEC FT Vest U.S. Equity Deep Buffer ETF - December	4.97%	12.33%	12.26%	16.82%	-6.71%	7.61%	0.75%

Correlation

The correlation between YDEC and DDEC is 0.66, 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	0.66
Correlation (3Y) Calculated over the trailing 3-year period	0.62
Correlation (5Y) Calculated over the trailing 5-year period	0.66
Correlation (All Time) Calculated using the full available price history since Dec 22, 2020	0.66

The correlation between YDEC and DDEC has been stable across timeframes, ranging from 0.62 to 0.66 - a consistent structural relationship.

YDEC vs. DDEC - Sectors Allocation Comparison

Sectors	YDEC	DDEC
Financial Services	24.7%	11.9%
Industrials	19.8%	8.1%
Healthcare	10.6%	8.4%
Technology	10.3%	36.2%
Consumer Cyclical	7.7%	10.1%
Consumer Defensive	6.7%	4.9%
Basic Materials	5.9%	1.8%
Communication Services	4.5%	10.9%
Energy	4.0%	3.5%
Utilities	4.0%	2.3%
Real Estate	1.9%	1.9%

Return for Risk

YDEC vs. DDEC — Risk / Return Rank

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

YDEC

YDEC Risk / Return Rank: 48
YDEC Sharpe Ratio Rank: 46
YDEC Sortino Ratio Rank: 49
YDEC Omega Ratio Rank: 61
YDEC Calmar Ratio Rank: 36
YDEC Martin Ratio Rank: 49

DDEC

DDEC Risk / Return Rank: 86
DDEC Sharpe Ratio Rank: 85
DDEC Sortino Ratio Rank: 89
DDEC Omega Ratio Rank: 89
DDEC Calmar Ratio Rank: 77
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.

YDEC vs. DDEC - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for FT Vest International Equity Moderate Buffer ETF – December (YDEC) 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.

	YDEC	DDEC	Difference
Sharpe ratio: Return per unit of total volatility	1.59	2.79	-1.21
Sortino ratio: Return per unit of downside risk	2.39	4.12	-1.74
Omega ratio: Gain probability vs. loss probability	1.37	1.57	-0.20
Calmar ratio: Return relative to maximum drawdown	1.78	3.87	-2.09
Martin ratio: Return relative to average drawdown	8.03	19.48	-11.45
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

YDEC vs. DDEC - Sharpe Ratio Comparison

The current YDEC Sharpe Ratio is 1.59, which is lower than the DDEC Sharpe Ratio of 2.79. The chart below compares the historical Sharpe Ratios of YDEC 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

	YDEC	DDEC	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.59	2.79	-1.21
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.43	1.19	-0.76
Sharpe Ratio (All Time) Calculated using the full available price history	0.54	1.25	-0.71

Drawdowns

YDEC vs. DDEC - Drawdown Comparison

The maximum YDEC drawdown since its inception was -23.34%, which is greater than DDEC's maximum drawdown of -10.22%. Use the drawdown chart below to compare losses from any high point for YDEC and DDEC.

Drawdown Indicators

	YDEC	DDEC	Difference
Max Drawdown Largest peak-to-trough decline	-23.34%	-10.22%	-13.12%
Max Drawdown (1Y) Largest decline over 1 year	-5.89%	-4.18%	-1.71%
Max Drawdown (3Y) Largest decline over 3 years	-10.95%	-9.40%	-1.55%
Max Drawdown (5Y) Largest decline over 5 years	-23.34%	-10.22%	-13.12%
Current Drawdown Current decline from peak	-0.31%	-0.19%	-0.12%
Average Drawdown Average peak-to-trough decline	-4.13%	-1.87%	-2.26%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.30%	0.83%	+0.47%

Volatility

YDEC vs. DDEC - Volatility Comparison

FT Vest International Equity Moderate Buffer ETF – December (YDEC) has a higher volatility of 2.10% compared to FT Vest U.S. Equity Deep Buffer ETF - December (DDEC) at 0.88%. This indicates that YDEC's price experiences larger fluctuations and is considered to be riskier than DDEC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	YDEC	DDEC	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.10%	0.88%	+1.22%
Volatility (6M) Calculated over the trailing 6-month period	6.22%	4.36%	+1.86%
Volatility (1Y) Calculated over the trailing 1-year period	6.60%	5.79%	+0.81%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	11.22%	7.02%	+4.20%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	10.99%	6.87%	+4.12%

YDEC vs. DDEC - Expense Ratio Comparison

YDEC has a 0.90% expense ratio, which is higher than DDEC's 0.85% expense ratio.

Dividends

YDEC vs. DDEC - Dividend Comparison

Neither YDEC nor DDEC has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both YDEC and DDEC in my portfolio?

YDEC and DDEC have a correlation of 0.66, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, YDEC or DDEC?

YDEC has higher volatility (2.10%) compared to DDEC (0.88%). In terms of maximum drawdown, YDEC dropped -23.34% vs DDEC's -10.22%.

Which ETF is better, YDEC or DDEC?

On 5-year performance, DDEC leads with 8.31% vs 4.75% for YDEC. On fees, DDEC is cheaper at 0.85% per year. On volatility, DDEC has been the lower-risk option at 0.88%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, YDEC or DDEC?

Over the 5-year period, DDEC has performed better with a 8.31% return vs 4.75%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, YDEC or DDEC?

DDEC is cheaper with a 0.85% expense ratio, compared with 0.90% for YDEC.

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

YDEC and DDEC have nearly identical dividend yields, around 0.00%.

What is the main difference between YDEC and DDEC?

Their fees differ too: 0.90% for YDEC and 0.85% for DDEC.

Which has better risk-adjusted returns?

DDEC currently has the higher Sharpe Ratio (2.79 vs 1.59), 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.