AIBD vs. FTEC
AIBD (Direxion Daily AI and Big Data Bear 2X Shares) and FTEC (Fidelity MSCI Information Technology Index ETF) are both exchange-traded funds - AIBD is a Inverse Equities fund tracking the Solactive US AI & Big Data Index, while FTEC is a Technology Equities fund tracking the MSCI USA IMI Information Technology 25/50 Index. Both are passively managed. Over the past year, AIBD returned -39.60% vs 35.73% for FTEC. At a correlation of -0.86, they often move in opposite directions. AIBD charges 1.05%/yr vs 0.08%/yr for FTEC.
Performance
AIBD vs. FTEC - Performance Comparison
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Returns By Period
In the year-to-date period, AIBD achieves a -26.00% return, which is significantly lower than FTEC's 21.67% return.
AIBD
- 1D
- 5.39%
- 1M
- 9.76%
- 6M
- -24.63%
- YTD
- -26.00%
- 1Y
- -39.60%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
FTEC
- 1D
- -1.93%
- 1M
- -2.95%
- 6M
- 20.75%
- YTD
- 21.67%
- 1Y
- 35.73%
- 3Y*
- 27.36%
- 5Y*
- 18.86%
- 10Y*
- 24.23%
AIBD vs. FTEC - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
AIBD Direxion Daily AI and Big Data Bear 2X Shares | -26.00% | -49.15% | -34.56% |
FTEC Fidelity MSCI Information Technology Index ETF | 21.67% | 22.11% | 19.17% |
Correlation
The correlation between AIBD and FTEC is -0.80, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.80 |
Correlation (All Time) Calculated using the full available price history since May 15, 2024 | -0.86 |
The correlation between AIBD and FTEC has been stable across timeframes, ranging from -0.86 to -0.80 - a consistent structural relationship.
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Return for Risk
AIBD vs. FTEC — Risk / Return Rank
AIBD
FTEC
AIBD vs. FTEC - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Direxion Daily AI and Big Data Bear 2X Shares (AIBD) and Fidelity MSCI Information Technology Index ETF (FTEC). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| AIBD | FTEC | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.25 | ||
| Sortino ratioReturn per unit of downside risk | -2.93 | ||
| Omega ratioGain probability vs. loss probability | 0.90 | 1.26 | -0.36 |
| Calmar ratioReturn relative to maximum drawdown | -0.68 | 2.21 | -2.88 |
| Martin ratioReturn relative to average drawdown | -1.41 | 6.36 | -7.77 |
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Drawdowns
AIBD vs. FTEC - Drawdown Comparison
The maximum AIBD drawdown since its inception was -82.11%, which is greater than FTEC's maximum drawdown of -34.95%. Use the drawdown chart below to compare losses from any high point for AIBD and FTEC.
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Drawdown Indicators
| AIBD | FTEC | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -82.11% | -34.95% | -47.16% |
Max Drawdown (1Y)Largest decline over 1 year | -58.75% | -16.26% | -42.49% |
Max Drawdown (3Y)Largest decline over 3 years | — | -27.30% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -34.95% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -34.95% | — |
Current DrawdownCurrent decline from peak | -77.48% | -9.13% | -68.35% |
Average DrawdownAverage peak-to-trough decline | -49.73% | -5.58% | -44.15% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 28.63% | 5.63% | +23.00% |
Volatility
AIBD vs. FTEC - Volatility Comparison
Direxion Daily AI and Big Data Bear 2X Shares (AIBD) has a higher volatility of 15.87% compared to Fidelity MSCI Information Technology Index ETF (FTEC) at 8.65%. This indicates that AIBD's price experiences larger fluctuations and is considered to be riskier than FTEC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| AIBD | FTEC | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 15.87% | 8.65% | +7.22% |
Volatility (6M)Calculated over the trailing 6-month period | 42.24% | 19.55% | +22.69% |
Volatility (1Y)Calculated over the trailing 1-year period | 54.86% | 23.50% | +31.36% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 57.20% | 25.75% | +31.45% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 57.20% | 24.90% | +32.30% |
AIBD vs. FTEC - Expense Ratio Comparison
AIBD has a 1.05% expense ratio, which is higher than FTEC's 0.08% expense ratio.
Dividends
AIBD vs. FTEC - Dividend Comparison
AIBD's dividend yield for the trailing twelve months is around 3.41%, more than FTEC's 0.37% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AIBD Direxion Daily AI and Big Data Bear 2X Shares | 3.41% | 4.37% | 3.58% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
FTEC Fidelity MSCI Information Technology Index ETF | 0.37% | 0.43% | 0.49% | 0.77% | 0.93% | 0.63% | 0.83% | 1.03% | 1.20% | 0.96% | 1.25% | 1.27% |
Frequently Asked Questions
AIBD and FTEC have a correlation of -0.80, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
AIBD has higher volatility (15.87%) compared to FTEC (8.65%). In terms of maximum drawdown, AIBD dropped -82.11% vs FTEC's -34.95%.
On 1-year performance, FTEC leads with 35.73% vs -39.60% for AIBD. On fees, FTEC is cheaper at 0.08% per year. On volatility, FTEC has been the lower-risk option at 8.65%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, FTEC has performed better with a 35.73% return vs -39.60%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
FTEC is cheaper with a 0.08% expense ratio, compared with 1.05% for AIBD.
AIBD has the higher dividend yield at 3.41%, compared with 0.37% for FTEC.
AIBD is categorized as Inverse Equities, while FTEC is Technology Equities. AIBD tracks Solactive US AI & Big Data Index, while FTEC tracks MSCI USA IMI Information Technology 25/50 Index. They also come from different issuers: Direxion and Fidelity. Their fees differ too: 1.05% for AIBD and 0.08% for FTEC.
FTEC currently has the higher Sharpe Ratio (1.53 vs -0.72), 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.
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