FDTX vs. FDETX

Last updated Jun 4, 2026

FDTX (Fidelity Disruptive Technology ETF) and FDETX (Fidelity Advisor Capital Development Fund Class O) are both funds - FDTX is a Technology Equities fund actively managed by Fidelity, while FDETX is a Large Cap Value Equities fund managed by Fidelity. Over the past year, FDTX returned 60.66% vs 31.27% for FDETX. A 0.77 correlation means they provide meaningful diversification when combined. FDTX charges 0.50%/yr vs 0.56%/yr for FDETX.

Performance

FDTX vs. FDETX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity Disruptive Technology ETF (FDTX) and Fidelity Advisor Capital Development Fund Class O (FDETX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, FDTX achieves a 42.39% return, which is significantly higher than FDETX's 9.88% return.

FDTX

• 1D: -0.55%
• 1M: 23.09%
• YTD: 42.39%
• 6M: 42.32%
• 1Y: 60.66%
• 3Y*: —
• 5Y*: —
• 10Y*: —

FDETX

• 1D: -0.26%
• 1M: 3.27%
• YTD: 9.88%
• 6M: 11.88%
• 1Y: 31.27%
• 3Y*: 25.92%
• 5Y*: 16.23%
• 10Y*: 15.85%

*Multi-year figures are annualized to reflect compound growth (CAGR)

FDTX vs. FDETX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
FDTX Fidelity Disruptive Technology ETF	42.39%	15.25%	23.99%	11.73%
FDETX Fidelity Advisor Capital Development Fund Class O	9.88%	27.60%	27.07%	11.19%

Correlation

The correlation between FDTX and FDETX is 0.75, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.75
Correlation (All Time) Calculated using the full available price history since Jun 13, 2023	0.77

The correlation between FDTX and FDETX has been stable across timeframes, ranging from 0.75 to 0.77 - a consistent structural relationship.

Return for Risk

FDTX vs. FDETX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

FDTX

FDTX Risk / Return Rank: 65
FDTX Sharpe Ratio Rank: 75
FDTX Sortino Ratio Rank: 67
FDTX Omega Ratio Rank: 65
FDTX Calmar Ratio Rank: 63
FDTX Martin Ratio Rank: 56

FDETX

FDETX Risk / Return Rank: 76
FDETX Sharpe Ratio Rank: 80
FDETX Sortino Ratio Rank: 74
FDETX Omega Ratio Rank: 71
FDETX Calmar Ratio Rank: 73
FDETX Martin Ratio Rank: 81

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

FDTX vs. FDETX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Disruptive Technology ETF (FDTX) and Fidelity Advisor Capital Development Fund Class O (FDETX). 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.

	FDTX	FDETX	Difference
Sharpe ratio: Return per unit of total volatility	2.49	2.61	-0.11
Sortino ratio: Return per unit of downside risk	3.14	3.59	-0.45
Omega ratio: Gain probability vs. loss probability	1.40	1.47	-0.07
Calmar ratio: Return relative to maximum drawdown	3.15	3.33	-0.19
Martin ratio: Return relative to average drawdown	9.96	15.21	-5.26
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

FDTX vs. FDETX - Sharpe Ratio Comparison

The current FDTX Sharpe Ratio is 2.49, which is comparable to the FDETX Sharpe Ratio of 2.61. The chart below compares the historical Sharpe Ratios of FDTX and FDETX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	FDTX	FDETX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.49	2.61	-0.11
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.93	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.84	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.25	0.64	+0.61

Drawdowns

FDTX vs. FDETX - Drawdown Comparison

The maximum FDTX drawdown since its inception was -27.23%, smaller than the maximum FDETX drawdown of -66.86%. Use the drawdown chart below to compare losses from any high point for FDTX and FDETX.

Drawdown Indicators

	FDTX	FDETX	Difference
Max Drawdown Largest peak-to-trough decline	-27.23%	-66.86%	+39.63%
Max Drawdown (1Y) Largest decline over 1 year	-19.38%	-9.64%	-9.74%
Max Drawdown (3Y) Largest decline over 3 years	—	-19.76%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-21.72%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-36.61%	—
Current Drawdown Current decline from peak	-0.55%	-0.26%	-0.29%
Average Drawdown Average peak-to-trough decline	-5.52%	-11.22%	+5.70%
Ulcer Index Depth and duration of drawdowns from previous peaks	6.11%	2.11%	+4.00%

Volatility

FDTX vs. FDETX - Volatility Comparison

Fidelity Disruptive Technology ETF (FDTX) has a higher volatility of 8.47% compared to Fidelity Advisor Capital Development Fund Class O (FDETX) at 2.91%. This indicates that FDTX's price experiences larger fluctuations and is considered to be riskier than FDETX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FDTX	FDETX	Difference
Volatility (1M) Calculated over the trailing 1-month period	8.47%	2.91%	+5.56%
Volatility (6M) Calculated over the trailing 6-month period	19.47%	9.42%	+10.05%
Volatility (1Y) Calculated over the trailing 1-year period	24.46%	12.35%	+12.11%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	25.52%	17.60%	+7.92%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	25.52%	18.84%	+6.68%

FDTX vs. FDETX - Expense Ratio Comparison

FDTX has a 0.50% expense ratio, which is lower than FDETX's 0.56% expense ratio.

Dividends

FDTX vs. FDETX - Dividend Comparison

FDTX has not paid dividends to shareholders, while FDETX's dividend yield for the trailing twelve months is around 9.41%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FDETX Fidelity Advisor Capital Development Fund Class O	9.41%	10.34%	8.95%	4.39%	5.66%	5.63%	4.47%	7.46%	15.81%	5.34%	2.92%	5.97%
FDTX Fidelity Disruptive Technology ETF	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both FDTX and FDETX in my portfolio?

FDTX and FDETX have a correlation of 0.75, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, FDTX or FDETX?

FDTX has higher volatility (8.47%) compared to FDETX (2.91%). In terms of maximum drawdown, FDTX dropped -27.23% vs FDETX's -66.86%.

Which has better risk-adjusted returns?

FDETX currently has the higher Sharpe Ratio (2.61 vs 2.49), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.