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

Key characteristics


FDTXSMH
YTD Return23.57%44.98%
1Y Return40.36%62.17%
Sharpe Ratio1.921.99
Sortino Ratio2.502.49
Omega Ratio1.331.33
Calmar Ratio2.572.77
Martin Ratio8.487.64
Ulcer Index5.12%9.00%
Daily Std Dev22.58%34.40%
Max Drawdown-18.61%-95.73%
Current Drawdown-0.73%-9.86%

Correlation

-0.50.00.51.00.9

The correlation between FDTX and SMH is 0.85, 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. SMH - Performance Comparison

In the year-to-date period, FDTX achieves a 23.57% return, which is significantly lower than SMH's 44.98% 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%0.00%10.00%20.00%30.00%JuneJulyAugustSeptemberOctoberNovember
11.98%
13.56%
FDTX
SMH

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FDTX vs. SMH - Expense Ratio Comparison

FDTX has a 0.50% expense ratio, which is higher than SMH's 0.35% 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 SMH: current value at 0.35% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.35%

Risk-Adjusted Performance

FDTX vs. SMH - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Disruptive Technology ETF (FDTX) and VanEck Vectors Semiconductor ETF (SMH). 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 market0.005.0010.0015.0020.002.57
Martin ratio
The chart of Martin ratio for FDTX, currently valued at 8.48, compared to the broader market0.0020.0040.0060.0080.00100.008.48
SMH
Sharpe ratio
The chart of Sharpe ratio for SMH, currently valued at 1.99, compared to the broader market-2.000.002.004.006.001.99
Sortino ratio
The chart of Sortino ratio for SMH, currently valued at 2.49, compared to the broader market0.005.0010.002.49
Omega ratio
The chart of Omega ratio for SMH, currently valued at 1.33, compared to the broader market1.001.502.002.503.001.33
Calmar ratio
The chart of Calmar ratio for SMH, currently valued at 2.77, compared to the broader market0.005.0010.0015.0020.002.77
Martin ratio
The chart of Martin ratio for SMH, currently valued at 7.64, compared to the broader market0.0020.0040.0060.0080.00100.007.64

FDTX vs. SMH - Sharpe Ratio Comparison

The current FDTX Sharpe Ratio is 1.92, which is comparable to the SMH Sharpe Ratio of 1.99. The chart below compares the historical Sharpe Ratios of FDTX and SMH, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.


Rolling 12-month Sharpe Ratio0.501.001.502.002.503.00JulyAugustSeptemberOctoberNovember
1.92
1.99
FDTX
SMH

Dividends

FDTX vs. SMH - Dividend Comparison

FDTX has not paid dividends to shareholders, while SMH's dividend yield for the trailing twelve months is around 0.41%.


TTM20232022202120202019201820172016201520142013
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%
SMH
VanEck Vectors Semiconductor ETF
0.41%0.60%2.37%1.02%1.38%6.00%3.75%2.85%1.61%4.28%2.31%3.11%

Drawdowns

FDTX vs. SMH - Drawdown Comparison

The maximum FDTX drawdown since its inception was -18.61%, smaller than the maximum SMH drawdown of -95.73%. Use the drawdown chart below to compare losses from any high point for FDTX and SMH. For additional features, visit the drawdowns tool.


-25.00%-20.00%-15.00%-10.00%-5.00%0.00%JuneJulyAugustSeptemberOctoberNovember
-0.73%
-9.86%
FDTX
SMH

Volatility

FDTX vs. SMH - Volatility Comparison

The current volatility for Fidelity Disruptive Technology ETF (FDTX) is 5.53%, while VanEck Vectors Semiconductor ETF (SMH) has a volatility of 9.57%. This indicates that FDTX experiences smaller price fluctuations and is considered to be less risky than SMH based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


5.00%10.00%15.00%20.00%JuneJulyAugustSeptemberOctoberNovember
5.53%
9.57%
FDTX
SMH