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FTEC vs. DTEC
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Correlation

The correlation between FTEC and DTEC is 0.86, 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.


-0.50.00.51.00.9

Performance

FTEC vs. DTEC - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity MSCI Information Technology Index ETF (FTEC) and ALPS Disruptive Technologies ETF (DTEC). The values are adjusted to include any dividend payments, if applicable.

-10.00%-5.00%0.00%5.00%10.00%15.00%JulyAugustSeptemberOctoberNovemberDecember
11.86%
12.92%
FTEC
DTEC

Key characteristics

Sharpe Ratio

FTEC:

1.55

DTEC:

0.88

Sortino Ratio

FTEC:

2.07

DTEC:

1.26

Omega Ratio

FTEC:

1.28

DTEC:

1.16

Calmar Ratio

FTEC:

2.20

DTEC:

0.56

Martin Ratio

FTEC:

7.86

DTEC:

4.44

Ulcer Index

FTEC:

4.27%

DTEC:

3.28%

Daily Std Dev

FTEC:

21.56%

DTEC:

16.60%

Max Drawdown

FTEC:

-34.95%

DTEC:

-42.00%

Current Drawdown

FTEC:

-2.38%

DTEC:

-11.58%

Returns By Period

In the year-to-date period, FTEC achieves a 31.57% return, which is significantly higher than DTEC's 11.71% return.


FTEC

YTD

31.57%

1M

3.26%

6M

9.80%

1Y

31.86%

5Y*

22.22%

10Y*

20.50%

DTEC

YTD

11.71%

1M

3.32%

6M

12.80%

1Y

12.58%

5Y*

7.79%

10Y*

N/A

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FTEC vs. DTEC - Expense Ratio Comparison

FTEC has a 0.08% expense ratio, which is lower than DTEC's 0.50% expense ratio.


DTEC
ALPS Disruptive Technologies ETF
Expense ratio chart for DTEC: current value at 0.50% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.50%
Expense ratio chart for FTEC: current value at 0.08% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.08%

Risk-Adjusted Performance

FTEC vs. DTEC - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity MSCI Information Technology Index ETF (FTEC) and ALPS Disruptive Technologies ETF (DTEC). 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.


Sharpe ratio
The chart of Sharpe ratio for FTEC, currently valued at 1.55, compared to the broader market0.002.004.001.550.88
The chart of Sortino ratio for FTEC, currently valued at 2.07, compared to the broader market-2.000.002.004.006.008.0010.002.071.26
The chart of Omega ratio for FTEC, currently valued at 1.28, compared to the broader market0.501.001.502.002.503.001.281.16
The chart of Calmar ratio for FTEC, currently valued at 2.20, compared to the broader market0.005.0010.0015.002.200.56
The chart of Martin ratio for FTEC, currently valued at 7.86, compared to the broader market0.0020.0040.0060.0080.00100.007.864.44
FTEC
DTEC

The current FTEC Sharpe Ratio is 1.55, which is higher than the DTEC Sharpe Ratio of 0.88. The chart below compares the historical Sharpe Ratios of FTEC and DTEC, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.


Rolling 12-month Sharpe Ratio0.000.501.001.502.002.50JulyAugustSeptemberOctoberNovemberDecember
1.55
0.88
FTEC
DTEC

Dividends

FTEC vs. DTEC - Dividend Comparison

FTEC's dividend yield for the trailing twelve months is around 0.48%, more than DTEC's 0.44% yield.


TTM20232022202120202019201820172016201520142013
FTEC
Fidelity MSCI Information Technology Index ETF
0.48%0.77%0.93%0.63%0.83%1.03%1.20%0.96%1.25%1.27%1.09%0.18%
DTEC
ALPS Disruptive Technologies ETF
0.44%0.27%0.02%0.26%0.37%0.43%0.33%0.00%0.00%0.00%0.00%0.00%

Drawdowns

FTEC vs. DTEC - Drawdown Comparison

The maximum FTEC drawdown since its inception was -34.95%, smaller than the maximum DTEC drawdown of -42.00%. Use the drawdown chart below to compare losses from any high point for FTEC and DTEC. For additional features, visit the drawdowns tool.


-25.00%-20.00%-15.00%-10.00%-5.00%0.00%JulyAugustSeptemberOctoberNovemberDecember
-2.38%
-11.58%
FTEC
DTEC

Volatility

FTEC vs. DTEC - Volatility Comparison

Fidelity MSCI Information Technology Index ETF (FTEC) has a higher volatility of 5.60% compared to ALPS Disruptive Technologies ETF (DTEC) at 5.05%. This indicates that FTEC's price experiences larger fluctuations and is considered to be riskier than DTEC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


2.00%4.00%6.00%8.00%10.00%JulyAugustSeptemberOctoberNovemberDecember
5.60%
5.05%
FTEC
DTEC
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Disclaimer

The information contained herein does not constitute investment advice and made available for educational purposes only. Prices and returns on equities are listed without consideration of fees, commissions, taxes, penalties, or interest payable due to purchasing, holding, or selling.

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