FDEV vs. FTEC
Compare and contrast key facts about Fidelity International Multifactor ETF (FDEV) and Fidelity MSCI Information Technology Index ETF (FTEC).
FDEV and FTEC are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. FDEV is a passively managed fund by Fidelity that tracks the performance of the Fidelity Targeted International Factor Index. It was launched on Feb 26, 2019. 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. Both FDEV and FTEC are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FDEV or FTEC.
Key characteristics
| FDEV | FTEC | |
|---|---|---|
| YTD Return | 8.94% | 27.38% |
| 1Y Return | 18.47% | 41.78% |
| 3Y Return (Ann) | 1.04% | 12.15% |
| 5Y Return (Ann) | 4.37% | 22.87% |
| Sharpe Ratio | 1.61 | 2.06 |
| Sortino Ratio | 2.37 | 2.64 |
| Omega Ratio | 1.29 | 1.36 |
| Calmar Ratio | 1.21 | 2.85 |
| Martin Ratio | 9.62 | 10.28 |
| Ulcer Index | 1.85% | 4.23% |
| Daily Std Dev | 11.07% | 21.15% |
| Max Drawdown | -30.11% | -34.95% |
| Current Drawdown | -5.05% | 0.00% |
Correlation
The correlation between FDEV and FTEC is 0.63, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
FDEV vs. FTEC - Performance Comparison
In the year-to-date period, FDEV achieves a 8.94% return, which is significantly lower than FTEC's 27.38% 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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FDEV vs. FTEC - Expense Ratio Comparison
FDEV has a 0.39% expense ratio, which is higher than FTEC's 0.08% expense ratio.
Risk-Adjusted Performance
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.
Dividends
FDEV vs. FTEC - Dividend Comparison
FDEV's dividend yield for the trailing twelve months is around 2.85%, more than FTEC's 0.62% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FDEV Fidelity International Multifactor ETF | 2.85% | 2.80% | 2.65% | 2.81% | 1.88% | 2.73% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
FTEC Fidelity MSCI Information Technology Index ETF | 0.62% | 0.77% | 0.93% | 0.63% | 0.83% | 1.03% | 1.20% | 0.96% | 1.25% | 1.27% | 1.09% | 0.18% |
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.
Volatility
FDEV vs. FTEC - Volatility Comparison
The current volatility for Fidelity International Multifactor ETF (FDEV) is 3.08%, while Fidelity MSCI Information Technology Index ETF (FTEC) has a volatility of 6.12%. 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.