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

Performance

FELG vs. FTEC - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity Enhanced Large Cap Growth ETF (FELG) and Fidelity MSCI Information Technology Index ETF (FTEC). The values are adjusted to include any dividend payments, if applicable.

-5.00%0.00%5.00%10.00%15.00%JuneJulyAugustSeptemberOctoberNovember
14.07%
13.75%
FELG
FTEC

Returns By Period

In the year-to-date period, FELG achieves a 31.71% return, which is significantly higher than FTEC's 27.41% return.


FELG

YTD

31.71%

1M

1.41%

6M

14.07%

1Y

37.36%

5Y (annualized)

N/A

10Y (annualized)

N/A

FTEC

YTD

27.41%

1M

1.00%

6M

13.76%

1Y

34.77%

5Y (annualized)

22.67%

10Y (annualized)

20.46%

Key characteristics


FELGFTEC
Sortino Ratio2.872.12
Omega Ratio1.401.28
Ulcer Index3.37%4.25%
Daily Std Dev16.94%21.11%
Max Drawdown-13.29%-34.95%
Current Drawdown-1.88%-2.02%

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FELG vs. FTEC - Expense Ratio Comparison

FELG has a 0.18% expense ratio, which is higher than FTEC's 0.08% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.


FELG
Fidelity Enhanced Large Cap Growth ETF
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%
Expense ratio chart for FTEC: current value at 0.08% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.08%

Correlation

-0.50.00.51.01.0

The correlation between FELG and FTEC is 0.95, 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. FTEC - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Enhanced Large Cap Growth ETF (FELG) 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.


Sharpe ratio
No data
The chart of Sortino ratio for FELG, currently valued at 2.87, compared to the broader market-2.000.002.004.006.008.0010.0012.002.872.12
The chart of Omega ratio for FELG, currently valued at 1.40, compared to the broader market0.501.001.502.002.503.001.401.28
FELG
FTEC

Chart placeholderNot enough data

Dividends

FELG vs. FTEC - Dividend Comparison

FELG's dividend yield for the trailing twelve months is around 0.40%, less than FTEC's 0.62% yield.


TTM20232022202120202019201820172016201520142013
FELG
Fidelity Enhanced Large Cap Growth ETF
0.40%0.11%0.00%0.00%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

FELG vs. FTEC - Drawdown Comparison

The maximum FELG drawdown since its inception was -13.29%, smaller than the maximum FTEC drawdown of -34.95%. Use the drawdown chart below to compare losses from any high point for FELG and FTEC. For additional features, visit the drawdowns tool.


-15.00%-10.00%-5.00%0.00%JuneJulyAugustSeptemberOctoberNovember
-1.88%
-2.02%
FELG
FTEC

Volatility

FELG vs. FTEC - Volatility Comparison

The current volatility for Fidelity Enhanced Large Cap Growth ETF (FELG) is 5.71%, while Fidelity MSCI Information Technology Index ETF (FTEC) has a volatility of 6.64%. This indicates that FELG 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.


2.00%4.00%6.00%8.00%10.00%JuneJulyAugustSeptemberOctoberNovember
5.71%
6.64%
FELG
FTEC