FDWM vs. FTEC
Compare and contrast key facts about Fidelity Women's Leadership ETF (FDWM) and Fidelity MSCI Information Technology Index ETF (FTEC).
FDWM and FTEC are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. FDWM is a passively managed fund by Fidelity that tracks the performance of the Russell 3000. It was launched on Jun 15, 2021. 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. Both FDWM and FTEC are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FDWM or FTEC.
Performance
FDWM vs. FTEC - Performance Comparison
Returns By Period
In the year-to-date period, FDWM achieves a 14.38% return, which is significantly lower than FTEC's 27.41% return.
FDWM
14.38%
0.20%
5.19%
23.55%
N/A
N/A
FTEC
27.41%
1.00%
13.76%
34.77%
22.67%
20.46%
Key characteristics
| FDWM | FTEC | |
|---|---|---|
| Sharpe Ratio | 1.72 | 1.59 |
| Sortino Ratio | 2.34 | 2.12 |
| Omega Ratio | 1.30 | 1.28 |
| Calmar Ratio | 2.08 | 2.20 |
| Martin Ratio | 9.31 | 7.91 |
| Ulcer Index | 2.47% | 4.25% |
| Daily Std Dev | 13.36% | 21.11% |
| Max Drawdown | -29.13% | -34.95% |
| Current Drawdown | -1.84% | -2.02% |
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FDWM vs. FTEC - Expense Ratio Comparison
FDWM has a 0.59% expense ratio, which is higher than FTEC's 0.08% expense ratio.
Correlation
The correlation between FDWM and FTEC is 0.87, 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.
Risk-Adjusted Performance
FDWM vs. FTEC - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Women's Leadership ETF (FDWM) 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.
Dividends
FDWM vs. FTEC - Dividend Comparison
FDWM's dividend yield for the trailing twelve months is around 0.60%, less than FTEC's 0.62% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FDWM Fidelity Women's Leadership ETF | 0.60% | 0.80% | 0.90% | 0.19% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
FTEC Fidelity MSCI Information Technology Index ETF | 0.62% | 0.77% | 0.93% | 0.63% | 0.83% | 1.03% | 1.20% | 0.96% | 1.25% | 1.27% | 1.09% | 0.18% |
Drawdowns
FDWM vs. FTEC - Drawdown Comparison
The maximum FDWM drawdown since its inception was -29.13%, smaller than the maximum FTEC drawdown of -34.95%. Use the drawdown chart below to compare losses from any high point for FDWM and FTEC. For additional features, visit the drawdowns tool.
Volatility
FDWM vs. FTEC - Volatility Comparison
The current volatility for Fidelity Women's Leadership ETF (FDWM) is 3.82%, while Fidelity MSCI Information Technology Index ETF (FTEC) has a volatility of 6.64%. This indicates that FDWM 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.