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.
Key characteristics
| FATIX | FTEC | |
|---|---|---|
| YTD Return | 33.54% | 29.38% |
| 1Y Return | 40.22% | 40.63% |
| 3Y Return (Ann) | 4.95% | 12.64% |
| 5Y Return (Ann) | 18.38% | 23.09% |
| 10Y Return (Ann) | 15.24% | 20.71% |
| Sharpe Ratio | 1.88 | 2.08 |
| Sortino Ratio | 2.45 | 2.67 |
| Omega Ratio | 1.33 | 1.36 |
| Calmar Ratio | 2.23 | 2.90 |
| Martin Ratio | 8.91 | 10.44 |
| Ulcer Index | 4.93% | 4.23% |
| Daily Std Dev | 23.29% | 21.12% |
| Max Drawdown | -82.31% | -34.95% |
| Current Drawdown | -1.30% | -0.51% |
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
In the year-to-date period, FATIX achieves a 33.54% return, which is significantly higher than FTEC's 29.38% return. Over the past 10 years, FATIX has underperformed FTEC with an annualized return of 15.24%, while FTEC has yielded a comparatively higher 20.71% annualized 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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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 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 has not paid dividends to shareholders, while FTEC's dividend yield for the trailing twelve months is around 0.61%.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FATIX Fidelity Advisor Technology Fund Class I | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.01% | 0.00% | 0.00% | 4.46% | 8.68% | 1.26% |
FTEC Fidelity MSCI Information Technology Index ETF | 0.61% | 0.77% | 0.93% | 0.63% | 0.83% | 1.03% | 1.20% | 0.96% | 1.25% | 1.27% | 1.09% | 0.18% |
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) and Fidelity MSCI Information Technology Index ETF (FTEC) have volatilities of 6.39% and 6.38%, 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.