Correlation
The correlation between FDBC and FTEC is 0.26, 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.
FDBC vs. FTEC
Compare and contrast key facts about Fidelity D & D Bancorp, Inc. (FDBC) and Fidelity MSCI Information Technology Index ETF (FTEC).
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: FDBC or FTEC.
Performance
FDBC vs. FTEC - Performance Comparison
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Key characteristics
FDBC:
-0.13
FTEC:
0.39
FDBC:
0.05
FTEC:
0.77
FDBC:
1.01
FTEC:
1.10
FDBC:
-0.19
FTEC:
0.45
FDBC:
-0.42
FTEC:
1.46
FDBC:
18.24%
FTEC:
8.45%
FDBC:
43.77%
FTEC:
30.54%
FDBC:
-66.65%
FTEC:
-34.95%
FDBC:
-33.94%
FTEC:
-5.76%
Returns By Period
In the year-to-date period, FDBC achieves a -14.49% return, which is significantly lower than FTEC's -1.84% return. Over the past 10 years, FDBC has underperformed FTEC with an annualized return of 9.02%, while FTEC has yielded a comparatively higher 19.57% annualized return.
FDBC
-14.49%
5.32%
-22.22%
-5.69%
5.65%
4.53%
9.02%
FTEC
-1.84%
11.09%
-0.96%
11.82%
19.83%
19.56%
19.57%
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Risk-Adjusted Performance
FDBC vs. FTEC — Risk-Adjusted Performance Rank
FDBC
FTEC
FDBC vs. FTEC - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity D & D Bancorp, Inc. (FDBC) 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
FDBC vs. FTEC - Dividend Comparison
FDBC's dividend yield for the trailing twelve months is around 3.86%, more than FTEC's 0.50% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FDBC Fidelity D & D Bancorp, Inc. | 3.86% | 3.16% | 2.52% | 2.86% | 2.08% | 1.77% | 1.70% | 1.53% | 2.13% | 3.43% | 3.36% | 3.33% |
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
FDBC vs. FTEC - Drawdown Comparison
The maximum FDBC drawdown since its inception was -66.65%, which is greater than FTEC's maximum drawdown of -34.95%. Use the drawdown chart below to compare losses from any high point for FDBC and FTEC.
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Volatility
FDBC vs. FTEC - Volatility Comparison
Fidelity D & D Bancorp, Inc. (FDBC) has a higher volatility of 12.04% compared to Fidelity MSCI Information Technology Index ETF (FTEC) at 6.67%. This indicates that FDBC'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.
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