FDHT vs. FDTX
Compare and contrast key facts about Fidelity Digital Health ETF (FDHT) and Fidelity Disruptive Technology ETF (FDTX).
FDHT and FDTX are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. FDHT is a passively managed fund by Fidelity that tracks the performance of the Fidelity Digital Health Index. It was launched on Oct 5, 2021. 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: FDHT or FDTX.
Key characteristics
| FDHT | FDTX | |
|---|---|---|
| YTD Return | 7.26% | 23.61% |
| 1Y Return | 33.29% | 43.49% |
| Sharpe Ratio | 1.66 | 1.89 |
| Sortino Ratio | 2.35 | 2.47 |
| Omega Ratio | 1.29 | 1.33 |
| Calmar Ratio | 0.69 | 2.53 |
| Martin Ratio | 8.37 | 8.36 |
| Ulcer Index | 3.53% | 5.12% |
| Daily Std Dev | 17.81% | 22.64% |
| Max Drawdown | -44.80% | -18.61% |
| Current Drawdown | -24.15% | -0.70% |
Correlation
The correlation between FDHT 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
FDHT vs. FDTX - Performance Comparison
In the year-to-date period, FDHT achieves a 7.26% return, which is significantly lower than FDTX's 23.61% 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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FDHT vs. FDTX - Expense Ratio Comparison
FDHT has a 0.39% expense ratio, which is lower than FDTX's 0.50% expense ratio.
Risk-Adjusted Performance
FDHT vs. FDTX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Digital Health ETF (FDHT) 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
FDHT vs. FDTX - Dividend Comparison
FDHT's dividend yield for the trailing twelve months is around 0.06%, while FDTX has not paid dividends to shareholders.
| TTM | 2023 | 2022 | |
|---|---|---|---|
FDHT Fidelity Digital Health ETF | 0.06% | 0.04% | 0.12% |
FDTX Fidelity Disruptive Technology ETF | 0.00% | 0.00% | 0.00% |
Drawdowns
FDHT vs. FDTX - Drawdown Comparison
The maximum FDHT drawdown since its inception was -44.80%, which is greater than FDTX's maximum drawdown of -18.61%. Use the drawdown chart below to compare losses from any high point for FDHT and FDTX. For additional features, visit the drawdowns tool.
Volatility
FDHT vs. FDTX - Volatility Comparison
The current volatility for Fidelity Digital Health ETF (FDHT) is 4.52%, while Fidelity Disruptive Technology ETF (FDTX) has a volatility of 5.59%. This indicates that FDHT experiences smaller price fluctuations and is considered to be less risky than FDTX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.