FATIX vs. FTEC
Compare and contrast key facts about Fidelity Advisor Technology Fund Class I (FATIX) and Fidelity MSCI Information Technology Index ETF (FTEC).
FATIX is managed by Fidelity. It was launched on Sep 3, 1996. 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: FATIX or FTEC.
Correlation
The correlation between FATIX and FTEC is 0.96, 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
FATIX vs. FTEC - Performance Comparison
Key characteristics
FATIX:
-0.05
FTEC:
0.02
FATIX:
0.15
FTEC:
0.23
FATIX:
1.02
FTEC:
1.03
FATIX:
-0.06
FTEC:
0.02
FATIX:
-0.20
FTEC:
0.07
FATIX:
8.19%
FTEC:
7.40%
FATIX:
32.18%
FTEC:
29.81%
FATIX:
-82.31%
FTEC:
-34.95%
FATIX:
-23.90%
FTEC:
-21.86%
Returns By Period
In the year-to-date period, FATIX achieves a -20.39% return, which is significantly lower than FTEC's -18.62% return. Both investments have delivered pretty close results over the past 10 years, with FATIX having a 18.33% annualized return and FTEC not far behind at 17.72%.
FATIX
-20.39%
-11.51%
-17.51%
0.82%
18.62%
18.33%
FTEC
-18.62%
-10.69%
-16.06%
3.11%
17.59%
17.72%
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FATIX vs. FTEC - Expense Ratio Comparison
FATIX has a 0.71% expense ratio, which is higher than FTEC's 0.08% expense ratio.
Risk-Adjusted Performance
FATIX vs. FTEC — Risk-Adjusted Performance Rank
FATIX
FTEC
FATIX vs. FTEC - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Advisor Technology Fund Class I (FATIX) 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
FATIX vs. FTEC - Dividend Comparison
FATIX's dividend yield for the trailing twelve months is around 9.03%, more than FTEC's 0.60% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FATIX Fidelity Advisor Technology Fund Class I | 9.03% | 7.19% | 3.74% | 3.32% | 11.43% | 7.31% | 2.50% | 22.35% | 7.93% | 1.52% | 4.46% | 8.68% |
FTEC Fidelity MSCI Information Technology Index ETF | 0.60% | 0.49% | 0.77% | 0.93% | 0.63% | 0.83% | 1.03% | 1.20% | 0.96% | 1.25% | 1.27% | 1.09% |
Drawdowns
FATIX vs. FTEC - Drawdown Comparison
The maximum FATIX drawdown since its inception was -82.31%, which is greater than FTEC's maximum drawdown of -34.95%. Use the drawdown chart below to compare losses from any high point for FATIX and FTEC. For additional features, visit the drawdowns tool.
Volatility
FATIX vs. FTEC - Volatility Comparison
Fidelity Advisor Technology Fund Class I (FATIX) has a higher volatility of 19.82% compared to Fidelity MSCI Information Technology Index ETF (FTEC) at 18.55%. This indicates that FATIX's price experiences larger fluctuations and is considered to be riskier than FTEC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.