BREIX vs. FTEC
Compare and contrast key facts about Baron Real Estate Fund (BREIX) and Fidelity MSCI Information Technology Index ETF (FTEC).
BREIX is managed by Baron Capital Group, Inc.. It was launched on Dec 31, 2009. 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: BREIX or FTEC.
Key characteristics
| BREIX | FTEC | |
|---|---|---|
| YTD Return | 19.05% | 29.90% |
| 1Y Return | 42.40% | 44.73% |
| 3Y Return (Ann) | 0.03% | 12.71% |
| 5Y Return (Ann) | 8.65% | 23.31% |
| 10Y Return (Ann) | 5.60% | 20.88% |
| Sharpe Ratio | 2.16 | 2.07 |
| Sortino Ratio | 3.01 | 2.66 |
| Omega Ratio | 1.37 | 1.36 |
| Calmar Ratio | 1.34 | 2.89 |
| Martin Ratio | 8.62 | 10.39 |
| Ulcer Index | 4.70% | 4.23% |
| Daily Std Dev | 18.77% | 21.21% |
| Max Drawdown | -42.73% | -34.95% |
| Current Drawdown | -0.70% | -0.11% |
Correlation
The correlation between BREIX and FTEC is 0.71, 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.
Performance
BREIX vs. FTEC - Performance Comparison
In the year-to-date period, BREIX achieves a 19.05% return, which is significantly lower than FTEC's 29.90% return. Over the past 10 years, BREIX has underperformed FTEC with an annualized return of 5.60%, while FTEC has yielded a comparatively higher 20.88% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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BREIX vs. FTEC - Expense Ratio Comparison
BREIX has a 1.05% expense ratio, which is higher than FTEC's 0.08% expense ratio.
Risk-Adjusted Performance
BREIX vs. FTEC - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Baron Real Estate Fund (BREIX) 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.
Dividends
BREIX vs. FTEC - Dividend Comparison
BREIX's dividend yield for the trailing twelve months is around 0.37%, less than FTEC's 0.61% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BREIX Baron Real Estate Fund | 0.37% | 0.43% | 0.08% | 0.00% | 0.05% | 0.42% | 0.34% | 0.00% | 0.28% | 0.04% | 0.33% | 0.15% |
FTEC Fidelity MSCI Information Technology Index ETF | 0.61% | 0.77% | 0.93% | 0.63% | 0.83% | 1.03% | 1.20% | 0.96% | 1.25% | 1.27% | 1.09% | 0.18% |
Drawdowns
BREIX vs. FTEC - Drawdown Comparison
The maximum BREIX drawdown since its inception was -42.73%, which is greater than FTEC's maximum drawdown of -34.95%. Use the drawdown chart below to compare losses from any high point for BREIX and FTEC. For additional features, visit the drawdowns tool.
Volatility
BREIX vs. FTEC - Volatility Comparison
The current volatility for Baron Real Estate Fund (BREIX) is 5.21%, while Fidelity MSCI Information Technology Index ETF (FTEC) has a volatility of 6.35%. This indicates that BREIX 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.