EJAN vs TDEC: which one stands where?

As of Oct 1, 2026 TDEC can fall 13.7% before its buffer engages and EJAN 9.8%, and TDEC resets 13 days sooner. Innovator Emerging Markets Power Buffer ETF - Jan and FT Vest Emerging Markets Buffer ETF - December.

9.8%
EJAN can fall this far before its buffer
13.7%
TDEC can fall this far before its buffer
3.3%
EJAN can still gain
3.5%
TDEC can still gain
EJANAt its cap
At its capEJAN: reference +22.1% since period start, fund +10.1%; buffer 0 to −15; cap +14.4%; At its cap.15 pts of buffer+14.4% gain captured−15.0% floor0% period start+14.4% capTODAY · EEM +22.1%At its capEJAN: reference +22.1% since period start, fund +10.1%; buffer 0 to −15; cap +14.4%; At its cap.15 pts+14.4%−15.0% floor0% start+14.4% capTODAY · EEM +22.1%

EJAN: reference +22.1% since period start, fund +10.1%; buffer 0 to −15; cap +14.4%; At its cap.

TDECAt its cap
At its capTDEC: reference +24.3% since period start, fund +14.8%; buffer 0 to −10; cap +19.8%; At its cap.10 pts of buffer+19.8% gain captured−10.0% floor0% period start+19.8% capTODAY · EEM +24.3%At its capTDEC: reference +24.3% since period start, fund +14.8%; buffer 0 to −10; cap +19.8%; At its cap.10 pts+19.8% gained−10.0% floor0% start+19.8% capTODAY · EEM +24.3%

TDEC: reference +24.3% since period start, fund +14.8%; buffer 0 to −10; cap +19.8%; At its cap.

ETFIQ Downside Cover Score · EJAN scores higherIf the market falls into a bear market from here, how much does the buffer absorb?
0.2, the lowest in this set99.8, the highest

A percentile among the 293 buffer ETFs with a live outcome period. It is a position in a set, not a rating, and neither end of it is a recommendation. All buffer ETFs ranked by it → How it is computed →

Both are already at their cap, so neither gains from more rise in the index before the period ends.

Where each one stands today

TDEC resets first, on Dec 18, 2026, 79 days from now; EJAN runs to Dec 31, 2026, 92 days. EJAN can still gain 3.3% before its cap, TDEC 3.5%. A fall from here reaches EJAN’s buffer after 9.8% and TDEC’s after 13.7%. Both track EEM, so what separates them is where each is in its own period.

Every figure is ETFIQ’s own, from the issuer’s published outcome-period terms. A buffer ETF holds FLEX options on its reference index rather than shares, so there is no holdings overlap between two of them to report.

Performance, window by window

Total returnGap to the reference
WindowEJANTDECEJANTDEC
3 months+4.1%+4.8%+3.6 pts+4.4 pts
6 months+9.1%+11.6%−8.2 pts−5.7 pts
1 year+11.9%+17.0%−15.6 pts−10.5 pts
3 years+35.8%not published−53.3 ptsnot published

EJAN and TDEC over each window. Every figure is an ETFIQ calculation with distributions reinvested. Source: ETFIQ. Open the live comparison on ETFIQ →

On the same fields

EJAN
Innovator Emerging Markets Power Buffer ETF - Jan · Absorbs the first 15% of loss on EEM and caps the gain at 14.4%, over a period ending Dec 31, 2026
TDEC
FT Vest Emerging Markets Buffer ETF - December · Absorbs the first 10% of loss on EEM and caps the gain at 19.8%, over a period ending Dec 18, 2026
Issuer Innovator First Trust
Reference index EEM EEM
Buffer 15% 10%
Outcome period Dec 31, 2025 to Dec 31, 2026 Dec 22, 2025 to Dec 18, 2026
Days left 92 79
Starting cap +14.4% +19.8%
Can still gain 3.3% 3.5%
Fall before buffer 9.8% 13.7%
Protection left, index points 15.0% of 15.0% 10.0% of 10.0%
Index return this period +22.1% +24.3%
Fund return this period +10.1% +14.8%
State today At cap At cap
Expense ratio 0.89% 0.95%
Net assets $143m $16m

EJAN and TDEC on the same fields, as of Oct 1, 2026. Source: ETFIQ.

EJAN in plain words

EEM had already risen past this fund's cap of +14.4% for the period on Oct 1, 2026, so in index terms there is no more upside to collect. The fund's own price can still drift up to about 3.3% as the period runs out. The fund's price can fall 9.8% from here before the buffer starts absorbing losses, by the issuer's figure. In index terms, EEM can fall 18.1% from today's level to the point where the buffer begins. Protection left, in index points: 15.0% of the 15.0% buffer still sits below today's EEM level. 92 days remained on Oct 1, 2026. On Dec 31, 2026 the period ends and a new cap is set.

TDEC in plain words

EEM had already risen past this fund's cap of +19.8% for the period on Oct 1, 2026, so in index terms there is no more upside to collect. The fund's own price can still drift up to about 3.5% as the period runs out. The fund's price can fall 13.7% from here before the buffer starts absorbing losses, by the issuer's figure. In index terms, EEM can fall 19.5% from today's level to the point where the buffer begins. Protection left, in index points: 10.0% of the 10.0% buffer still sits below today's EEM level. 79 days remained on Oct 1, 2026. On Dec 18, 2026 the period ends and a new cap is set.

Questions people ask

Which has more room to gain, EJAN or TDEC?
From their prices on Oct 1, 2026, EJAN can gain about 3.3% before its cap and TDEC about 3.5%, so TDEC has more room left this period.
Which resets first, EJAN or TDEC?
EJAN ends its outcome period on Dec 31, 2026 and TDEC on Dec 18, 2026. A new cap is set the day after each.
Which is cheaper, EJAN or TDEC?
EJAN charges 0.89% a year and TDEC charges 0.95%, so EJAN is cheaper. Fees come from each fund's prospectus.
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Where these figures came from

ETFIQ links to the documents behind every figure. It is not affiliated with any issuer, and a link is not an endorsement. A comparison is not a recommendation.

Cite this page

ETFIQ, EJAN against TDEC, data as of Oct 1, 2026. https://etfiq.com/compare/buffer/ejan-vs-tdec

Open data

Free to use with attribution. Every figure is calculated from a named public source; the method is at etfiq.com/methodology.