BRIIX vs. FTEC
Compare and contrast key facts about Baron Real Estate Income Fund (BRIIX) and Fidelity MSCI Information Technology Index ETF (FTEC).
BRIIX is managed by Baron Capital Group, Inc.. It was launched on Dec 29, 2017. 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: BRIIX or FTEC.
Correlation
The correlation between BRIIX and FTEC is 0.59, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
BRIIX vs. FTEC - Performance Comparison
Key characteristics
BRIIX:
0.90
FTEC:
1.36
BRIIX:
1.27
FTEC:
1.84
BRIIX:
1.16
FTEC:
1.24
BRIIX:
0.63
FTEC:
1.92
BRIIX:
4.47
FTEC:
6.86
BRIIX:
3.10%
FTEC:
4.26%
BRIIX:
15.39%
FTEC:
21.59%
BRIIX:
-37.06%
FTEC:
-34.95%
BRIIX:
-8.43%
FTEC:
-3.92%
Returns By Period
In the year-to-date period, BRIIX achieves a 13.60% return, which is significantly lower than FTEC's 29.49% return.
BRIIX
13.60%
-4.96%
15.41%
15.70%
8.91%
N/A
FTEC
29.49%
1.70%
7.48%
31.41%
21.85%
20.36%
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BRIIX vs. FTEC - Expense Ratio Comparison
BRIIX has a 1.08% expense ratio, which is higher than FTEC's 0.08% expense ratio.
Risk-Adjusted Performance
BRIIX vs. FTEC - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Baron Real Estate Income Fund (BRIIX) 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
BRIIX vs. FTEC - Dividend Comparison
BRIIX's dividend yield for the trailing twelve months is around 1.42%, more than FTEC's 0.37% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BRIIX Baron Real Estate Income Fund | 1.42% | 1.95% | 1.29% | 1.03% | 0.76% | 1.12% | 3.03% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
FTEC Fidelity MSCI Information Technology Index ETF | 0.37% | 0.77% | 0.93% | 0.63% | 0.83% | 1.03% | 1.20% | 0.96% | 1.25% | 1.27% | 1.09% | 0.18% |
Drawdowns
BRIIX vs. FTEC - Drawdown Comparison
The maximum BRIIX drawdown since its inception was -37.06%, which is greater than FTEC's maximum drawdown of -34.95%. Use the drawdown chart below to compare losses from any high point for BRIIX and FTEC. For additional features, visit the drawdowns tool.
Volatility
BRIIX vs. FTEC - Volatility Comparison
Baron Real Estate Income Fund (BRIIX) and Fidelity MSCI Information Technology Index ETF (FTEC) have volatilities of 5.49% and 5.40%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.