FDFF vs. FDTX
Compare and contrast key facts about Fidelity Disruptive Finance ETF (FDFF) and Fidelity Disruptive Technology ETF (FDTX).
FDFF and FDTX are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. FDFF is an actively managed fund by Fidelity. It was launched on Apr 16, 2020. FDTX is an actively managed fund by Fidelity. It was launched on Apr 16, 2020.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FDFF or FDTX.
Key characteristics
| FDFF | FDTX | |
|---|---|---|
| YTD Return | 24.11% | 24.48% |
| 1Y Return | 44.74% | 43.80% |
| Sharpe Ratio | 2.87 | 1.98 |
| Sortino Ratio | 3.84 | 2.57 |
| Omega Ratio | 1.50 | 1.34 |
| Calmar Ratio | 4.40 | 2.65 |
| Martin Ratio | 10.61 | 8.76 |
| Ulcer Index | 4.32% | 5.12% |
| Daily Std Dev | 15.98% | 22.63% |
| Max Drawdown | -13.47% | -18.61% |
| Current Drawdown | -0.03% | 0.00% |
Correlation
The correlation between FDFF and FDTX 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
FDFF vs. FDTX - Performance Comparison
The year-to-date returns for both investments are quite close, with FDFF having a 24.11% return and FDTX slightly higher at 24.48%. 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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FDFF vs. FDTX - Expense Ratio Comparison
Both FDFF and FDTX have an expense ratio of 0.50%.
Risk-Adjusted Performance
FDFF vs. FDTX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Disruptive Finance ETF (FDFF) and Fidelity Disruptive Technology ETF (FDTX). 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
FDFF vs. FDTX - Dividend Comparison
FDFF's dividend yield for the trailing twelve months is around 0.75%, while FDTX has not paid dividends to shareholders.
| TTM | 2023 | |
|---|---|---|
FDFF Fidelity Disruptive Finance ETF | 0.75% | 0.27% |
FDTX Fidelity Disruptive Technology ETF | 0.00% | 0.00% |
Drawdowns
FDFF vs. FDTX - Drawdown Comparison
The maximum FDFF drawdown since its inception was -13.47%, smaller than the maximum FDTX drawdown of -18.61%. Use the drawdown chart below to compare losses from any high point for FDFF and FDTX. For additional features, visit the drawdowns tool.
Volatility
FDFF vs. FDTX - Volatility Comparison
Fidelity Disruptive Finance ETF (FDFF) and Fidelity Disruptive Technology ETF (FDTX) have volatilities of 5.55% and 5.50%, 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.