FFIDX vs. FTEC
Compare and contrast key facts about Fidelity Fund (FFIDX) and Fidelity MSCI Information Technology Index ETF (FTEC).
FFIDX is managed by Fidelity. It was launched on Apr 30, 1930. 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: FFIDX or FTEC.
Key characteristics
| FFIDX | FTEC | |
|---|---|---|
| YTD Return | 29.93% | 28.96% |
| 1Y Return | 36.26% | 37.69% |
| 3Y Return (Ann) | 8.96% | 12.48% |
| 5Y Return (Ann) | 17.29% | 22.84% |
| 10Y Return (Ann) | 14.07% | 20.65% |
| Sharpe Ratio | 2.59 | 1.94 |
| Sortino Ratio | 3.36 | 2.51 |
| Omega Ratio | 1.48 | 1.34 |
| Calmar Ratio | 3.43 | 2.68 |
| Martin Ratio | 13.94 | 9.66 |
| Ulcer Index | 2.75% | 4.23% |
| Daily Std Dev | 14.85% | 21.08% |
| Max Drawdown | -55.18% | -34.95% |
| Current Drawdown | -0.41% | -0.83% |
Correlation
The correlation between FFIDX and FTEC is 0.92, 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
FFIDX vs. FTEC - Performance Comparison
The year-to-date returns for both stocks are quite close, with FFIDX having a 29.93% return and FTEC slightly lower at 28.96%. Over the past 10 years, FFIDX has underperformed FTEC with an annualized return of 14.07%, while FTEC has yielded a comparatively higher 20.65% annualized 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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FFIDX vs. FTEC - Expense Ratio Comparison
FFIDX has a 0.45% expense ratio, which is higher than FTEC's 0.08% expense ratio.
Risk-Adjusted Performance
FFIDX vs. FTEC - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Fund (FFIDX) 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
FFIDX vs. FTEC - Dividend Comparison
FFIDX's dividend yield for the trailing twelve months is around 0.27%, less than FTEC's 0.61% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FFIDX Fidelity Fund | 0.27% | 0.66% | 0.67% | 0.26% | 0.75% | 0.83% | 1.08% | 1.00% | 1.06% | 5.15% | 12.31% | 8.52% |
FTEC Fidelity MSCI Information Technology Index ETF | 0.61% | 0.77% | 0.93% | 0.63% | 0.83% | 1.03% | 1.20% | 0.96% | 1.25% | 1.27% | 1.09% | 0.18% |
Drawdowns
FFIDX vs. FTEC - Drawdown Comparison
The maximum FFIDX drawdown since its inception was -55.18%, which is greater than FTEC's maximum drawdown of -34.95%. Use the drawdown chart below to compare losses from any high point for FFIDX and FTEC. For additional features, visit the drawdowns tool.
Volatility
FFIDX vs. FTEC - Volatility Comparison
The current volatility for Fidelity Fund (FFIDX) is 4.08%, while Fidelity MSCI Information Technology Index ETF (FTEC) has a volatility of 6.03%. This indicates that FFIDX 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.