Correlation
The correlation between AWSAX and FTEC is 0.91, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
AWSAX vs. FTEC
Compare and contrast key facts about Invesco Global Core Equity Fund (AWSAX) and Fidelity MSCI Information Technology Index ETF (FTEC).
AWSAX is managed by Invesco. It was launched on Dec 28, 2000. FTEC is a passively managed fund by Fidelity that tracks the performance of the MSCI USA IMI Information Technology Index. It was launched on Oct 21, 2013.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: AWSAX or FTEC.
Performance
AWSAX vs. FTEC - Performance Comparison
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Key characteristics
AWSAX:
0.30
FTEC:
0.39
AWSAX:
0.43
FTEC:
0.77
AWSAX:
1.06
FTEC:
1.10
AWSAX:
0.20
FTEC:
0.45
AWSAX:
0.63
FTEC:
1.46
AWSAX:
6.09%
FTEC:
8.45%
AWSAX:
18.35%
FTEC:
30.54%
AWSAX:
-58.42%
FTEC:
-34.95%
AWSAX:
-5.16%
FTEC:
-5.76%
Returns By Period
In the year-to-date period, AWSAX achieves a 4.39% return, which is significantly higher than FTEC's -1.84% return. Over the past 10 years, AWSAX has underperformed FTEC with an annualized return of 1.92%, while FTEC has yielded a comparatively higher 19.57% annualized return.
AWSAX
4.39%
5.61%
-3.94%
5.50%
6.90%
3.95%
1.92%
FTEC
-1.84%
11.09%
-0.96%
11.82%
19.83%
19.56%
19.57%
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AWSAX vs. FTEC - Expense Ratio Comparison
AWSAX has a 1.22% expense ratio, which is higher than FTEC's 0.08% expense ratio.
Risk-Adjusted Performance
AWSAX vs. FTEC — Risk-Adjusted Performance Rank
AWSAX
FTEC
AWSAX vs. FTEC - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco Global Core Equity Fund (AWSAX) 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.
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Dividends
AWSAX vs. FTEC - Dividend Comparison
AWSAX's dividend yield for the trailing twelve months is around 7.68%, more than FTEC's 0.50% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AWSAX Invesco Global Core Equity Fund | 7.68% | 8.01% | 2.48% | 3.26% | 5.38% | 20.29% | 1.21% | 8.57% | 5.24% | 1.35% | 1.23% | 12.67% |
FTEC Fidelity MSCI Information Technology Index ETF | 0.50% | 0.49% | 0.77% | 0.93% | 0.63% | 0.83% | 1.03% | 1.20% | 0.96% | 1.25% | 1.27% | 1.09% |
Drawdowns
AWSAX vs. FTEC - Drawdown Comparison
The maximum AWSAX drawdown since its inception was -58.42%, which is greater than FTEC's maximum drawdown of -34.95%. Use the drawdown chart below to compare losses from any high point for AWSAX and FTEC.
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Volatility
AWSAX vs. FTEC - Volatility Comparison
The current volatility for Invesco Global Core Equity Fund (AWSAX) is 4.03%, while Fidelity MSCI Information Technology Index ETF (FTEC) has a volatility of 6.67%. This indicates that AWSAX experiences smaller price fluctuations and is considered to be less risky than FTEC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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