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FDTX vs. FELG
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Key characteristics


FDTXFELG
YTD Return23.57%34.12%
Daily Std Dev22.58%16.97%
Max Drawdown-18.61%-13.29%
Current Drawdown-0.73%-0.09%

Correlation

-0.50.00.51.00.9

The correlation between FDTX and FELG is 0.89, 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.

Performance

FDTX vs. FELG - Performance Comparison

In the year-to-date period, FDTX achieves a 23.57% return, which is significantly lower than FELG's 34.12% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.


-10.00%-5.00%0.00%5.00%10.00%15.00%20.00%JuneJulyAugustSeptemberOctoberNovember
11.98%
18.63%
FDTX
FELG

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FDTX vs. FELG - Expense Ratio Comparison

FDTX has a 0.50% expense ratio, which is higher than FELG's 0.18% expense ratio.


FDTX
Fidelity Disruptive Technology ETF
Expense ratio chart for FDTX: current value at 0.50% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.50%
Expense ratio chart for FELG: current value at 0.18% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.18%

Risk-Adjusted Performance

FDTX vs. FELG - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Disruptive Technology ETF (FDTX) and Fidelity Enhanced Large Cap Growth ETF (FELG). 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
Sharpe ratio
The chart of Sharpe ratio for FDTX, currently valued at 1.92, compared to the broader market-2.000.002.004.006.001.92
Sortino ratio
The chart of Sortino ratio for FDTX, currently valued at 2.50, compared to the broader market0.005.0010.002.50
Omega ratio
The chart of Omega ratio for FDTX, currently valued at 1.33, compared to the broader market1.001.502.002.503.001.33
Calmar ratio
The chart of Calmar ratio for FDTX, currently valued at 2.57, compared to the broader market0.005.0010.0015.002.57
Martin ratio
The chart of Martin ratio for FDTX, currently valued at 8.48, compared to the broader market0.0020.0040.0060.0080.00100.00120.008.48
FELG
Sharpe ratio
No data

FDTX vs. FELG - Sharpe Ratio Comparison


Chart placeholderNot enough data

Dividends

FDTX vs. FELG - Dividend Comparison

FDTX has not paid dividends to shareholders, while FELG's dividend yield for the trailing twelve months is around 0.39%.


TTM2023
FDTX
Fidelity Disruptive Technology ETF
0.00%0.00%
FELG
Fidelity Enhanced Large Cap Growth ETF
0.39%0.11%

Drawdowns

FDTX vs. FELG - Drawdown Comparison

The maximum FDTX drawdown since its inception was -18.61%, which is greater than FELG's maximum drawdown of -13.29%. Use the drawdown chart below to compare losses from any high point for FDTX and FELG. For additional features, visit the drawdowns tool.


-15.00%-10.00%-5.00%0.00%JuneJulyAugustSeptemberOctoberNovember
-0.73%
-0.09%
FDTX
FELG

Volatility

FDTX vs. FELG - Volatility Comparison

Fidelity Disruptive Technology ETF (FDTX) has a higher volatility of 5.53% compared to Fidelity Enhanced Large Cap Growth ETF (FELG) at 5.21%. This indicates that FDTX's price experiences larger fluctuations and is considered to be riskier than FELG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


2.00%4.00%6.00%8.00%10.00%JuneJulyAugustSeptemberOctoberNovember
5.53%
5.21%
FDTX
FELG