FELG vs. FDTX
Compare and contrast key facts about Fidelity Enhanced Large Cap Growth ETF (FELG) and Fidelity Disruptive Technology ETF (FDTX).
FELG and FDTX are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. FELG is an actively managed fund by Fidelity. It was launched on Nov 20, 2023. 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: FELG or FDTX.
Performance
FELG vs. FDTX - Performance Comparison
Returns By Period
In the year-to-date period, FELG achieves a 31.71% return, which is significantly higher than FDTX's 23.89% return.
FELG
31.71%
1.41%
14.07%
37.36%
N/A
N/A
FDTX
23.89%
4.55%
8.88%
34.81%
N/A
N/A
Key characteristics
| FELG | FDTX | |
|---|---|---|
| Sortino Ratio | 2.87 | 2.03 |
| Omega Ratio | 1.40 | 1.27 |
| Ulcer Index | 3.37% | 5.13% |
| Daily Std Dev | 16.94% | 22.54% |
| Max Drawdown | -13.29% | -18.61% |
| Current Drawdown | -1.88% | -1.18% |
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FELG vs. FDTX - Expense Ratio Comparison
FELG has a 0.18% expense ratio, which is lower than FDTX's 0.50% expense ratio.
Correlation
The correlation between FELG and FDTX 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.
Risk-Adjusted Performance
FELG vs. FDTX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Enhanced Large Cap Growth ETF (FELG) 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.
Not enough dataDividends
FELG vs. FDTX - Dividend Comparison
FELG's dividend yield for the trailing twelve months is around 0.40%, while FDTX has not paid dividends to shareholders.
| TTM | 2023 | |
|---|---|---|
FELG Fidelity Enhanced Large Cap Growth ETF | 0.40% | 0.11% |
FDTX Fidelity Disruptive Technology ETF | 0.00% | 0.00% |
Drawdowns
FELG vs. FDTX - Drawdown Comparison
The maximum FELG drawdown since its inception was -13.29%, smaller than the maximum FDTX drawdown of -18.61%. Use the drawdown chart below to compare losses from any high point for FELG and FDTX. For additional features, visit the drawdowns tool.
Volatility
FELG vs. FDTX - Volatility Comparison
Fidelity Enhanced Large Cap Growth ETF (FELG) and Fidelity Disruptive Technology ETF (FDTX) have volatilities of 5.71% and 5.88%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.