FDG vs. FTEC
Compare and contrast key facts about American Century Focused Dynamic Growth ETF (FDG) and Fidelity MSCI Information Technology Index ETF (FTEC).
FDG and FTEC are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. FDG is an actively managed fund by American Century Investments. It was launched on Mar 31, 2020. 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: FDG or FTEC.
Performance
FDG vs. FTEC - Performance Comparison
Returns By Period
In the year-to-date period, FDG achieves a 44.43% return, which is significantly higher than FTEC's 29.26% return.
FDG
44.43%
9.47%
22.61%
54.64%
N/A
N/A
FTEC
29.26%
4.14%
14.30%
36.13%
22.99%
20.51%
Key characteristics
| FDG | FTEC | |
|---|---|---|
| Sharpe Ratio | 2.78 | 1.71 |
| Sortino Ratio | 3.47 | 2.25 |
| Omega Ratio | 1.49 | 1.30 |
| Calmar Ratio | 2.13 | 2.37 |
| Martin Ratio | 16.00 | 8.51 |
| Ulcer Index | 3.42% | 4.25% |
| Daily Std Dev | 19.66% | 21.10% |
| Max Drawdown | -43.69% | -34.95% |
| Current Drawdown | -0.81% | -0.60% |
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FDG vs. FTEC - Expense Ratio Comparison
FDG has a 0.45% expense ratio, which is higher than FTEC's 0.08% expense ratio.
Correlation
The correlation between FDG and FTEC is 0.91, 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.
Risk-Adjusted Performance
FDG vs. FTEC - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for American Century Focused Dynamic Growth ETF (FDG) 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
FDG vs. FTEC - Dividend Comparison
FDG has not paid dividends to shareholders, while FTEC's dividend yield for the trailing twelve months is around 0.61%.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FDG American Century Focused Dynamic Growth ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.01% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
FTEC Fidelity MSCI Information Technology Index ETF | 0.61% | 0.77% | 0.93% | 0.63% | 0.83% | 1.03% | 1.20% | 0.96% | 1.25% | 1.27% | 1.09% | 0.18% |
Drawdowns
FDG vs. FTEC - Drawdown Comparison
The maximum FDG drawdown since its inception was -43.69%, which is greater than FTEC's maximum drawdown of -34.95%. Use the drawdown chart below to compare losses from any high point for FDG and FTEC. For additional features, visit the drawdowns tool.
Volatility
FDG vs. FTEC - Volatility Comparison
American Century Focused Dynamic Growth ETF (FDG) and Fidelity MSCI Information Technology Index ETF (FTEC) have volatilities of 6.55% and 6.51%, 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.