COGLX vs. FTEC
Compare and contrast key facts about AXS Alternative Value Fund (COGLX) and Fidelity MSCI Information Technology Index ETF (FTEC).
COGLX is managed by Cognios Capital. It was launched on Oct 3, 2016. 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: COGLX or FTEC.
Key characteristics
| COGLX | FTEC |
|---|
Correlation
The correlation between COGLX and FTEC is 0.01, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Performance
COGLX vs. FTEC - Performance Comparison
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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COGLX vs. FTEC - Expense Ratio Comparison
COGLX has a 1.57% expense ratio, which is higher than FTEC's 0.08% expense ratio.
Risk-Adjusted Performance
COGLX vs. FTEC - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for AXS Alternative Value Fund (COGLX) 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
COGLX vs. FTEC - Dividend Comparison
COGLX has not paid dividends to shareholders, while FTEC's dividend yield for the trailing twelve months is around 0.62%.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
COGLX AXS Alternative Value Fund | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 1.99% | 0.05% | 0.00% | 0.00% | 0.00% |
FTEC Fidelity MSCI Information Technology Index ETF | 0.62% | 0.77% | 0.93% | 0.63% | 0.83% | 1.03% | 1.20% | 0.96% | 1.25% | 1.27% | 1.09% | 0.18% |
Drawdowns
COGLX vs. FTEC - Drawdown Comparison
Volatility
COGLX vs. FTEC - Volatility Comparison
The current volatility for AXS Alternative Value Fund (COGLX) is 0.00%, while Fidelity MSCI Information Technology Index ETF (FTEC) has a volatility of 4.81%. This indicates that COGLX 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.