Correlation
The correlation between FETKX and FTEC is 0.84, 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.
FETKX vs. FTEC
Compare and contrast key facts about Fidelity Equity Dividend Income Fund Class K (FETKX) and Fidelity MSCI Information Technology Index ETF (FTEC).
FETKX is managed by Fidelity. It was launched on May 9, 2008. 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: FETKX or FTEC.
Performance
FETKX vs. FTEC - Performance Comparison
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Key characteristics
FETKX:
0.68
FTEC:
0.46
FETKX:
1.00
FTEC:
0.70
FETKX:
1.14
FTEC:
1.09
FETKX:
0.71
FTEC:
0.39
FETKX:
2.41
FTEC:
1.27
FETKX:
3.90%
FTEC:
8.45%
FETKX:
14.41%
FTEC:
30.53%
FETKX:
-56.50%
FTEC:
-34.95%
FETKX:
-4.21%
FTEC:
-6.17%
Returns By Period
In the year-to-date period, FETKX achieves a 2.12% return, which is significantly higher than FTEC's -2.27% return. Over the past 10 years, FETKX has underperformed FTEC with an annualized return of 8.83%, while FTEC has yielded a comparatively higher 19.54% annualized return.
FETKX
2.12%
1.56%
-4.21%
7.79%
7.71%
13.34%
8.83%
FTEC
-2.27%
6.95%
-2.37%
14.28%
19.98%
19.45%
19.54%
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FETKX vs. FTEC - Expense Ratio Comparison
FETKX has a 0.49% expense ratio, which is higher than FTEC's 0.08% expense ratio.
Risk-Adjusted Performance
FETKX vs. FTEC — Risk-Adjusted Performance Rank
FETKX
FTEC
FETKX vs. FTEC - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Equity Dividend Income Fund Class K (FETKX) 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.
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Dividends
FETKX vs. FTEC - Dividend Comparison
FETKX's dividend yield for the trailing twelve months is around 8.45%, more than FTEC's 0.50% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FETKX Fidelity Equity Dividend Income Fund Class K | 8.45% | 8.47% | 5.31% | 7.74% | 11.62% | 2.52% | 8.49% | 14.43% | 10.24% | 6.22% | 6.09% | 2.63% |
FTEC Fidelity MSCI Information Technology Index ETF | 0.50% | 0.49% | 0.77% | 0.93% | 0.63% | 0.83% | 1.03% | 1.20% | 0.96% | 1.25% | 1.27% | 1.09% |
Drawdowns
FETKX vs. FTEC - Drawdown Comparison
The maximum FETKX drawdown since its inception was -56.50%, which is greater than FTEC's maximum drawdown of -34.95%. Use the drawdown chart below to compare losses from any high point for FETKX and FTEC.
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Volatility
FETKX vs. FTEC - Volatility Comparison
The current volatility for Fidelity Equity Dividend Income Fund Class K (FETKX) is 4.01%, while Fidelity MSCI Information Technology Index ETF (FTEC) has a volatility of 6.73%. This indicates that FETKX 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.
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