CAVAX vs. FTEC
Compare and contrast key facts about SEI Catholic Values Trust Catholic Values Equity Fund (CAVAX) and Fidelity MSCI Information Technology Index ETF (FTEC).
CAVAX is managed by SEI. It was launched on Apr 30, 2015. 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: CAVAX or FTEC.
Correlation
The correlation between CAVAX and FTEC is 0.83, 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
CAVAX vs. FTEC - Performance Comparison
Key characteristics
CAVAX:
0.98
FTEC:
1.19
CAVAX:
1.24
FTEC:
1.64
CAVAX:
1.21
FTEC:
1.22
CAVAX:
0.89
FTEC:
1.75
CAVAX:
3.85
FTEC:
6.07
CAVAX:
3.62%
FTEC:
4.40%
CAVAX:
14.19%
FTEC:
22.46%
CAVAX:
-36.59%
FTEC:
-34.95%
CAVAX:
-5.31%
FTEC:
-1.20%
Returns By Period
In the year-to-date period, CAVAX achieves a 4.91% return, which is significantly higher than FTEC's 2.90% return.
CAVAX
4.91%
2.24%
3.49%
12.08%
5.35%
N/A
FTEC
2.90%
1.87%
12.02%
26.58%
19.98%
20.44%
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CAVAX vs. FTEC - Expense Ratio Comparison
CAVAX has a 0.86% expense ratio, which is higher than FTEC's 0.08% expense ratio.
Risk-Adjusted Performance
CAVAX vs. FTEC — Risk-Adjusted Performance Rank
CAVAX
FTEC
CAVAX vs. FTEC - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for SEI Catholic Values Trust Catholic Values Equity Fund (CAVAX) 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
CAVAX vs. FTEC - Dividend Comparison
CAVAX's dividend yield for the trailing twelve months is around 0.88%, more than FTEC's 0.48% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CAVAX SEI Catholic Values Trust Catholic Values Equity Fund | 0.88% | 0.92% | 0.99% | 1.05% | 0.69% | 0.84% | 1.12% | 1.42% | 0.71% | 0.99% | 0.75% | 0.00% |
FTEC Fidelity MSCI Information Technology Index ETF | 0.48% | 0.49% | 0.77% | 0.93% | 0.63% | 0.83% | 1.03% | 1.20% | 0.96% | 1.25% | 1.27% | 1.09% |
Drawdowns
CAVAX vs. FTEC - Drawdown Comparison
The maximum CAVAX drawdown since its inception was -36.59%, roughly equal to the maximum FTEC drawdown of -34.95%. Use the drawdown chart below to compare losses from any high point for CAVAX and FTEC. For additional features, visit the drawdowns tool.
Volatility
CAVAX vs. FTEC - Volatility Comparison
The current volatility for SEI Catholic Values Trust Catholic Values Equity Fund (CAVAX) is 2.95%, while Fidelity MSCI Information Technology Index ETF (FTEC) has a volatility of 7.86%. This indicates that CAVAX 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.