Correlation
The correlation between CRMAX and FTEC is 0.82, 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.
CRMAX vs. FTEC
Compare and contrast key facts about CRM Small/Mid Cap Value Fund (CRMAX) and Fidelity MSCI Information Technology Index ETF (FTEC).
CRMAX is managed by CRM. It was launched on Sep 1, 2004. 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: CRMAX or FTEC.
Performance
CRMAX vs. FTEC - Performance Comparison
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Key characteristics
CRMAX:
-0.06
FTEC:
0.46
CRMAX:
0.11
FTEC:
0.70
CRMAX:
1.01
FTEC:
1.09
CRMAX:
-0.03
FTEC:
0.39
CRMAX:
-0.09
FTEC:
1.27
CRMAX:
9.86%
FTEC:
8.45%
CRMAX:
23.03%
FTEC:
30.53%
CRMAX:
-49.36%
FTEC:
-34.95%
CRMAX:
-16.86%
FTEC:
-6.17%
Returns By Period
In the year-to-date period, CRMAX achieves a -10.99% return, which is significantly lower than FTEC's -2.27% return. Over the past 10 years, CRMAX has underperformed FTEC with an annualized return of 6.85%, while FTEC has yielded a comparatively higher 19.54% annualized return.
CRMAX
-10.99%
4.33%
-16.36%
-1.30%
2.72%
11.98%
6.85%
FTEC
-2.27%
10.42%
-2.37%
14.02%
19.98%
19.45%
19.54%
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CRMAX vs. FTEC - Expense Ratio Comparison
CRMAX has a 1.19% expense ratio, which is higher than FTEC's 0.08% expense ratio.
Risk-Adjusted Performance
CRMAX vs. FTEC — Risk-Adjusted Performance Rank
CRMAX
FTEC
CRMAX vs. FTEC - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for CRM Small/Mid Cap Value Fund (CRMAX) 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.
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Dividends
CRMAX vs. FTEC - Dividend Comparison
CRMAX's dividend yield for the trailing twelve months is around 16.93%, more than FTEC's 0.50% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CRMAX CRM Small/Mid Cap Value Fund | 16.93% | 15.07% | 0.63% | 6.41% | 35.31% | 5.87% | 2.68% | 18.13% | 29.30% | 2.13% | 12.11% | 24.31% |
FTEC Fidelity MSCI Information Technology Index ETF | 0.50% | 0.49% | 0.77% | 0.93% | 0.63% | 0.83% | 1.03% | 1.20% | 0.96% | 1.25% | 1.27% | 1.09% |
Drawdowns
CRMAX vs. FTEC - Drawdown Comparison
The maximum CRMAX drawdown since its inception was -49.36%, which is greater than FTEC's maximum drawdown of -34.95%. Use the drawdown chart below to compare losses from any high point for CRMAX and FTEC.
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Volatility
CRMAX vs. FTEC - Volatility Comparison
CRM Small/Mid Cap Value Fund (CRMAX) and Fidelity MSCI Information Technology Index ETF (FTEC) have volatilities of 6.65% and 6.73%, 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.
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