Correlation
The correlation between FDGCX and FTEC is 0.92, 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.
FDGCX vs. FTEC
Compare and contrast key facts about Fidelity Advisor Dividend Growth Fund Class C (FDGCX) and Fidelity MSCI Information Technology Index ETF (FTEC).
FDGCX is managed by Fidelity. It was launched on Dec 28, 1998. 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: FDGCX or FTEC.
Performance
FDGCX vs. FTEC - Performance Comparison
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Key characteristics
FDGCX:
0.02
FTEC:
0.46
FDGCX:
0.09
FTEC:
0.70
FDGCX:
1.01
FTEC:
1.09
FDGCX:
-0.05
FTEC:
0.39
FDGCX:
-0.13
FTEC:
1.27
FDGCX:
9.24%
FTEC:
8.45%
FDGCX:
23.44%
FTEC:
30.53%
FDGCX:
-61.89%
FTEC:
-34.95%
FDGCX:
-10.11%
FTEC:
-6.17%
Returns By Period
In the year-to-date period, FDGCX achieves a 1.82% return, which is significantly higher than FTEC's -2.27% return. Over the past 10 years, FDGCX has underperformed FTEC with an annualized return of 2.13%, while FTEC has yielded a comparatively higher 19.54% annualized return.
FDGCX
1.82%
7.06%
-9.14%
0.00%
5.92%
9.95%
2.13%
FTEC
-2.27%
8.38%
-2.37%
14.28%
19.98%
19.45%
19.54%
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FDGCX vs. FTEC - Expense Ratio Comparison
FDGCX has a 1.62% expense ratio, which is higher than FTEC's 0.08% expense ratio.
Risk-Adjusted Performance
FDGCX vs. FTEC — Risk-Adjusted Performance Rank
FDGCX
FTEC
FDGCX vs. FTEC - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Advisor Dividend Growth Fund Class C (FDGCX) 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.
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Dividends
FDGCX vs. FTEC - Dividend Comparison
FDGCX's dividend yield for the trailing twelve months is around 9.28%, more than FTEC's 0.50% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FDGCX Fidelity Advisor Dividend Growth Fund Class C | 9.28% | 9.45% | 2.62% | 8.98% | 5.06% | 0.74% | 3.95% | 18.75% | 16.68% | 0.49% | 7.27% | 11.47% |
FTEC Fidelity MSCI Information Technology Index ETF | 0.50% | 0.49% | 0.77% | 0.93% | 0.63% | 0.83% | 1.03% | 1.20% | 0.96% | 1.25% | 1.27% | 1.09% |
Drawdowns
FDGCX vs. FTEC - Drawdown Comparison
The maximum FDGCX drawdown since its inception was -61.89%, which is greater than FTEC's maximum drawdown of -34.95%. Use the drawdown chart below to compare losses from any high point for FDGCX and FTEC.
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Volatility
FDGCX vs. FTEC - Volatility Comparison
The current volatility for Fidelity Advisor Dividend Growth Fund Class C (FDGCX) is 4.13%, while Fidelity MSCI Information Technology Index ETF (FTEC) has a volatility of 6.73%. This indicates that FDGCX 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.
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