FELG vs. FTEC
Compare and contrast key facts about Fidelity Enhanced Large Cap Growth ETF (FELG) and Fidelity MSCI Information Technology Index ETF (FTEC).
FELG and FTEC 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. 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.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FELG or FTEC.
Key characteristics
| FELG | FTEC | |
|---|---|---|
| YTD Return | 12.98% | 7.05% |
| Daily Std Dev | 14.59% | 18.28% |
| Max Drawdown | -6.48% | -34.95% |
| Current Drawdown | -0.54% | -2.40% |
Correlation
The correlation between FELG and FTEC is 0.94, 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
FELG vs. FTEC - Performance Comparison
In the year-to-date period, FELG achieves a 12.98% return, which is significantly higher than FTEC's 7.05% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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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%.
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.
Not enough dataDividends
FELG vs. FTEC - Dividend Comparison
FELG's dividend yield for the trailing twelve months is around 0.18%, less than FTEC's 0.72% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FELG Fidelity Enhanced Large Cap Growth ETF | 0.18% | 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 | 0.72% | 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 -6.48%, 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.
Volatility
FELG vs. FTEC - Volatility Comparison
The current volatility for Fidelity Enhanced Large Cap Growth ETF (FELG) is 5.40%, while Fidelity MSCI Information Technology Index ETF (FTEC) has a volatility of 6.83%. 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.