FGRO vs. FTEC
Compare and contrast key facts about Fidelity Growth Opportunities ETF (FGRO) and Fidelity MSCI Information Technology Index ETF (FTEC).
FGRO and FTEC are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. FGRO is an actively managed fund by Fidelity. It was launched on Feb 2, 2021. 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: FGRO or FTEC.
Key characteristics
| FGRO | FTEC | |
|---|---|---|
| YTD Return | 33.96% | 29.38% |
| 1Y Return | 47.82% | 40.63% |
| 3Y Return (Ann) | 5.14% | 12.64% |
| Sharpe Ratio | 2.56 | 2.08 |
| Sortino Ratio | 3.28 | 2.67 |
| Omega Ratio | 1.46 | 1.36 |
| Calmar Ratio | 2.07 | 2.90 |
| Martin Ratio | 13.06 | 10.44 |
| Ulcer Index | 3.76% | 4.23% |
| Daily Std Dev | 19.18% | 21.12% |
| Max Drawdown | -44.52% | -34.95% |
| Current Drawdown | 0.00% | -0.51% |
Correlation
The correlation between FGRO and FTEC is 0.93, 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
FGRO vs. FTEC - Performance Comparison
In the year-to-date period, FGRO achieves a 33.96% return, which is significantly higher than FTEC's 29.38% 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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FGRO vs. FTEC - Expense Ratio Comparison
FGRO has a 0.59% expense ratio, which is higher than FTEC's 0.08% expense ratio.
Risk-Adjusted Performance
FGRO vs. FTEC - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Growth Opportunities ETF (FGRO) 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
FGRO vs. FTEC - Dividend Comparison
FGRO's dividend yield for the trailing twelve months is around 0.03%, less than FTEC's 0.61% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FGRO Fidelity Growth Opportunities ETF | 0.03% | 0.00% | 1.50% | 0.55% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
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
FGRO vs. FTEC - Drawdown Comparison
The maximum FGRO drawdown since its inception was -44.52%, which is greater than FTEC's maximum drawdown of -34.95%. Use the drawdown chart below to compare losses from any high point for FGRO and FTEC. For additional features, visit the drawdowns tool.
Volatility
FGRO vs. FTEC - Volatility Comparison
The current volatility for Fidelity Growth Opportunities ETF (FGRO) is 5.46%, while Fidelity MSCI Information Technology Index ETF (FTEC) has a volatility of 6.38%. This indicates that FGRO 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.