CEFA vs. FTEC
Compare and contrast key facts about Global X S&P Catholic Values Developed ex-U.S. ETF (CEFA) and Fidelity MSCI Information Technology Index ETF (FTEC).
CEFA and FTEC are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. CEFA is a passively managed fund by Global X that tracks the performance of the S&P Developed ex-U.S. Catholic Values Index. It was launched on Jun 22, 2020. 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. Both CEFA and FTEC are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: CEFA or FTEC.
Key characteristics
| CEFA | FTEC | |
|---|---|---|
| YTD Return | 3.42% | 2.86% |
| 1Y Return | 10.87% | 33.13% |
| 3Y Return (Ann) | 1.05% | 10.89% |
| Sharpe Ratio | 0.75 | 1.76 |
| Daily Std Dev | 12.77% | 18.28% |
| Max Drawdown | -31.97% | -34.95% |
| Current Drawdown | -3.13% | -6.22% |
Correlation
The correlation between CEFA and FTEC is 0.51, 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
CEFA vs. FTEC - Performance Comparison
In the year-to-date period, CEFA achieves a 3.42% return, which is significantly higher than FTEC's 2.86% 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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CEFA vs. FTEC - Expense Ratio Comparison
CEFA has a 0.35% expense ratio, which is higher than FTEC's 0.08% expense ratio.
Risk-Adjusted Performance
CEFA vs. FTEC - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Global X S&P Catholic Values Developed ex-U.S. ETF (CEFA) 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
CEFA vs. FTEC - Dividend Comparison
CEFA's dividend yield for the trailing twelve months is around 2.27%, more than FTEC's 0.75% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CEFA Global X S&P Catholic Values Developed ex-U.S. ETF | 2.27% | 2.35% | 2.35% | 3.49% | 0.84% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
FTEC Fidelity MSCI Information Technology Index ETF | 0.75% | 0.77% | 0.93% | 0.63% | 0.83% | 1.03% | 1.20% | 0.96% | 1.25% | 1.27% | 1.09% | 0.18% |
Drawdowns
CEFA vs. FTEC - Drawdown Comparison
The maximum CEFA drawdown since its inception was -31.97%, smaller than the maximum FTEC drawdown of -34.95%. Use the drawdown chart below to compare losses from any high point for CEFA and FTEC. For additional features, visit the drawdowns tool.
Volatility
CEFA vs. FTEC - Volatility Comparison
The current volatility for Global X S&P Catholic Values Developed ex-U.S. ETF (CEFA) is 3.65%, while Fidelity MSCI Information Technology Index ETF (FTEC) has a volatility of 6.75%. This indicates that CEFA 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.