Correlation
The correlation between FDCPX and TECL is 0.83, 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.
FDCPX vs. TECL
Compare and contrast key facts about Fidelity Select Tech Hardware Portfolio (FDCPX) and Direxion Daily Technology Bull 3X Shares (TECL).
FDCPX is managed by Fidelity. It was launched on Jul 28, 1985. TECL is a passively managed fund by Direxion that tracks the performance of the Technology Select Sector Index (300%). It was launched on Dec 17, 2008.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FDCPX or TECL.
Performance
FDCPX vs. TECL - Performance Comparison
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Key characteristics
FDCPX:
0.60
TECL:
-0.09
FDCPX:
0.86
TECL:
0.35
FDCPX:
1.12
TECL:
1.05
FDCPX:
0.53
TECL:
-0.25
FDCPX:
1.93
TECL:
-0.56
FDCPX:
6.53%
TECL:
29.47%
FDCPX:
24.14%
TECL:
89.85%
FDCPX:
-80.41%
TECL:
-77.96%
FDCPX:
-5.23%
TECL:
-35.82%
Returns By Period
In the year-to-date period, FDCPX achieves a 3.62% return, which is significantly higher than TECL's -20.58% return. Over the past 10 years, FDCPX has underperformed TECL with an annualized return of 14.38%, while TECL has yielded a comparatively higher 34.11% annualized return.
FDCPX
3.62%
5.07%
4.27%
15.74%
15.38%
18.31%
14.38%
TECL
-20.58%
24.63%
-23.05%
-8.88%
22.88%
30.34%
34.11%
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FDCPX vs. TECL - Expense Ratio Comparison
FDCPX has a 0.72% expense ratio, which is lower than TECL's 1.08% expense ratio.
Risk-Adjusted Performance
FDCPX vs. TECL — Risk-Adjusted Performance Rank
FDCPX
TECL
FDCPX vs. TECL - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Select Tech Hardware Portfolio (FDCPX) and Direxion Daily Technology Bull 3X Shares (TECL). 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
FDCPX vs. TECL - Dividend Comparison
FDCPX's dividend yield for the trailing twelve months is around 15.50%, more than TECL's 0.50% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FDCPX Fidelity Select Tech Hardware Portfolio | 15.50% | 7.58% | 0.51% | 17.72% | 16.95% | 8.81% | 12.15% | 23.69% | 11.38% | 6.57% | 4.53% | 2.71% |
TECL Direxion Daily Technology Bull 3X Shares | 0.50% | 0.29% | 0.28% | 0.22% | 0.32% | 0.52% | 0.25% | 0.47% | 0.10% | 0.00% | 0.00% | 0.00% |
Drawdowns
FDCPX vs. TECL - Drawdown Comparison
The maximum FDCPX drawdown since its inception was -80.41%, roughly equal to the maximum TECL drawdown of -77.96%. Use the drawdown chart below to compare losses from any high point for FDCPX and TECL.
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Volatility
FDCPX vs. TECL - Volatility Comparison
The current volatility for Fidelity Select Tech Hardware Portfolio (FDCPX) is 4.65%, while Direxion Daily Technology Bull 3X Shares (TECL) has a volatility of 18.57%. This indicates that FDCPX experiences smaller price fluctuations and is considered to be less risky than TECL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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