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

Correlation

The correlation between FDEV and FTEC is 0.73, 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.


-0.50.00.51.0
Correlation: 0.7

Performance

FDEV vs. FTEC - Performance Comparison

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

50.00%100.00%150.00%200.00%250.00%NovemberDecember2025FebruaryMarchApril
43.56%
195.87%
FDEV
FTEC

Key characteristics

Sharpe Ratio

FDEV:

1.15

FTEC:

0.39

Sortino Ratio

FDEV:

1.73

FTEC:

0.74

Omega Ratio

FDEV:

1.23

FTEC:

1.10

Calmar Ratio

FDEV:

1.70

FTEC:

0.43

Martin Ratio

FDEV:

4.60

FTEC:

1.48

Ulcer Index

FDEV:

3.63%

FTEC:

7.84%

Daily Std Dev

FDEV:

14.59%

FTEC:

30.21%

Max Drawdown

FDEV:

-30.11%

FTEC:

-34.95%

Current Drawdown

FDEV:

0.00%

FTEC:

-16.69%

Returns By Period

In the year-to-date period, FDEV achieves a 11.25% return, which is significantly higher than FTEC's -13.22% return.


FDEV

YTD

11.25%

1M

1.68%

6M

6.80%

1Y

15.88%

5Y*

9.28%

10Y*

N/A

FTEC

YTD

-13.22%

1M

-6.67%

6M

-9.84%

1Y

9.41%

5Y*

19.28%

10Y*

18.24%

*Annualized

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FDEV vs. FTEC - Expense Ratio Comparison

FDEV has a 0.39% expense ratio, which is higher than FTEC's 0.08% expense ratio.


Expense ratio chart for FDEV: current value is 0.39%, compared with the broader market range of 0.00% to 2.12%.0.50%1.00%1.50%2.00%
FDEV: 0.39%
Expense ratio chart for FTEC: current value is 0.08%, compared with the broader market range of 0.00% to 2.12%.0.50%1.00%1.50%2.00%
FTEC: 0.08%

Risk-Adjusted Performance

FDEV vs. FTEC — Risk-Adjusted Performance Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

FDEV
The Risk-Adjusted Performance Rank of FDEV is 8686
Overall Rank
The Sharpe Ratio Rank of FDEV is 8484
Sharpe Ratio Rank
The Sortino Ratio Rank of FDEV is 8585
Sortino Ratio Rank
The Omega Ratio Rank of FDEV is 8585
Omega Ratio Rank
The Calmar Ratio Rank of FDEV is 9191
Calmar Ratio Rank
The Martin Ratio Rank of FDEV is 8383
Martin Ratio Rank

FTEC
The Risk-Adjusted Performance Rank of FTEC is 5454
Overall Rank
The Sharpe Ratio Rank of FTEC is 5151
Sharpe Ratio Rank
The Sortino Ratio Rank of FTEC is 5656
Sortino Ratio Rank
The Omega Ratio Rank of FTEC is 5454
Omega Ratio Rank
The Calmar Ratio Rank of FTEC is 5959
Calmar Ratio Rank
The Martin Ratio Rank of FTEC is 5353
Martin Ratio Rank
The risk-adjusted ranks indicate the investment's position relative to the market. A rank closer to 100 signifies top-performing investments, while a rank closer to 0 might suggest underperformance, based on the selected ratio. The values are calculated based on the past 12 months of returns.

FDEV vs. FTEC - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity International Multifactor ETF (FDEV) 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.


The chart of Sharpe ratio for FDEV, currently valued at 1.15, compared to the broader market-1.000.001.002.003.004.00
FDEV: 1.15
FTEC: 0.39
The chart of Sortino ratio for FDEV, currently valued at 1.73, compared to the broader market-2.000.002.004.006.008.00
FDEV: 1.73
FTEC: 0.74
The chart of Omega ratio for FDEV, currently valued at 1.23, compared to the broader market0.501.001.502.002.50
FDEV: 1.23
FTEC: 1.10
The chart of Calmar ratio for FDEV, currently valued at 1.70, compared to the broader market0.002.004.006.008.0010.0012.00
FDEV: 1.70
FTEC: 0.43
The chart of Martin ratio for FDEV, currently valued at 4.60, compared to the broader market0.0020.0040.0060.00
FDEV: 4.60
FTEC: 1.48

The current FDEV Sharpe Ratio is 1.15, which is higher than the FTEC Sharpe Ratio of 0.39. The chart below compares the historical Sharpe Ratios of FDEV and FTEC, 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 Ratio0.000.501.001.502.002.50NovemberDecember2025FebruaryMarchApril
1.15
0.39
FDEV
FTEC

Dividends

FDEV vs. FTEC - Dividend Comparison

FDEV's dividend yield for the trailing twelve months is around 2.77%, more than FTEC's 0.56% yield.


TTM20242023202220212020201920182017201620152014
FDEV
Fidelity International Multifactor ETF
2.77%2.99%2.80%2.65%2.81%1.88%2.73%0.00%0.00%0.00%0.00%0.00%
FTEC
Fidelity MSCI Information Technology Index ETF
0.56%0.49%0.77%0.93%0.63%0.83%1.03%1.20%0.96%1.25%1.27%1.09%

Drawdowns

FDEV vs. FTEC - Drawdown Comparison

The maximum FDEV drawdown since its inception was -30.11%, smaller than the maximum FTEC drawdown of -34.95%. Use the drawdown chart below to compare losses from any high point for FDEV and FTEC. For additional features, visit the drawdowns tool.


-25.00%-20.00%-15.00%-10.00%-5.00%0.00%NovemberDecember2025FebruaryMarchApril0
-16.69%
FDEV
FTEC

Volatility

FDEV vs. FTEC - Volatility Comparison

The current volatility for Fidelity International Multifactor ETF (FDEV) is 9.80%, while Fidelity MSCI Information Technology Index ETF (FTEC) has a volatility of 19.51%. This indicates that FDEV experiences smaller price fluctuations and is considered to be less risky than FTEC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


5.00%10.00%15.00%20.00%NovemberDecember2025FebruaryMarchApril
9.80%
19.51%
FDEV
FTEC