Correlation
The correlation between FGRCX and FTEC is 0.90, 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.
FGRCX vs. FTEC
Compare and contrast key facts about Fidelity Advisor Mega Cap Stock Fund Class C (FGRCX) and Fidelity MSCI Information Technology Index ETF (FTEC).
FGRCX is managed by Fidelity. It was launched on Feb 5, 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: FGRCX or FTEC.
Performance
FGRCX vs. FTEC - Performance Comparison
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Key characteristics
FGRCX:
0.80
FTEC:
0.46
FGRCX:
1.09
FTEC:
0.70
FGRCX:
1.17
FTEC:
1.09
FGRCX:
0.74
FTEC:
0.39
FGRCX:
2.90
FTEC:
1.27
FGRCX:
4.76%
FTEC:
8.45%
FGRCX:
19.60%
FTEC:
30.53%
FGRCX:
-53.25%
FTEC:
-34.95%
FGRCX:
-1.19%
FTEC:
-6.17%
Returns By Period
In the year-to-date period, FGRCX achieves a 4.92% return, which is significantly higher than FTEC's -2.27% return. Over the past 10 years, FGRCX has underperformed FTEC with an annualized return of 11.87%, while FTEC has yielded a comparatively higher 19.54% annualized return.
FGRCX
4.92%
8.32%
2.21%
15.63%
16.32%
18.82%
11.87%
FTEC
-2.27%
10.42%
-2.37%
14.02%
19.98%
19.45%
19.54%
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FGRCX vs. FTEC - Expense Ratio Comparison
FGRCX has a 1.67% expense ratio, which is higher than FTEC's 0.08% expense ratio.
Risk-Adjusted Performance
FGRCX vs. FTEC — Risk-Adjusted Performance Rank
FGRCX
FTEC
FGRCX vs. FTEC - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Advisor Mega Cap Stock Fund Class C (FGRCX) 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
FGRCX vs. FTEC - Dividend Comparison
FGRCX's dividend yield for the trailing twelve months is around 1.79%, more than FTEC's 0.50% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FGRCX Fidelity Advisor Mega Cap Stock Fund Class C | 1.79% | 1.88% | 1.23% | 3.43% | 3.88% | 7.99% | 12.35% | 21.04% | 15.67% | 1.05% | 3.23% | 3.40% |
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
FGRCX vs. FTEC - Drawdown Comparison
The maximum FGRCX drawdown since its inception was -53.25%, which is greater than FTEC's maximum drawdown of -34.95%. Use the drawdown chart below to compare losses from any high point for FGRCX and FTEC.
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Volatility
FGRCX vs. FTEC - Volatility Comparison
The current volatility for Fidelity Advisor Mega Cap Stock Fund Class C (FGRCX) is 4.16%, while Fidelity MSCI Information Technology Index ETF (FTEC) has a volatility of 6.73%. This indicates that FGRCX 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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