Correlation
The correlation between FIKHX and FTEC is 0.88, 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.
FIKHX vs. FTEC
Compare and contrast key facts about Fidelity Advisor Technology Fund Class Z (FIKHX) and Fidelity MSCI Information Technology Index ETF (FTEC).
FIKHX is managed by Fidelity. It was launched on Oct 2, 2018. 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: FIKHX or FTEC.
Performance
FIKHX vs. FTEC - Performance Comparison
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Key characteristics
FIKHX:
0.30
FTEC:
0.36
FIKHX:
0.67
FTEC:
0.71
FIKHX:
1.09
FTEC:
1.10
FIKHX:
0.35
FTEC:
0.40
FIKHX:
1.09
FTEC:
1.30
FIKHX:
9.37%
FTEC:
8.42%
FIKHX:
32.82%
FTEC:
30.46%
FIKHX:
-40.47%
FTEC:
-34.95%
FIKHX:
-9.06%
FTEC:
-7.92%
Returns By Period
In the year-to-date period, FIKHX achieves a -4.88% return, which is significantly lower than FTEC's -4.09% return.
FIKHX
-4.88%
11.72%
-4.50%
8.64%
23.98%
20.33%
N/A
FTEC
-4.09%
10.52%
-3.99%
9.74%
21.84%
19.38%
19.44%
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FIKHX vs. FTEC - Expense Ratio Comparison
FIKHX has a 0.59% expense ratio, which is higher than FTEC's 0.08% expense ratio.
Risk-Adjusted Performance
FIKHX vs. FTEC — Risk-Adjusted Performance Rank
FIKHX
FTEC
FIKHX vs. FTEC - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Advisor Technology Fund Class Z (FIKHX) 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
FIKHX vs. FTEC - Dividend Comparison
FIKHX's dividend yield for the trailing twelve months is around 7.71%, more than FTEC's 0.51% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FIKHX Fidelity Advisor Technology Fund Class Z | 7.71% | 7.33% | 3.86% | 3.32% | 11.52% | 7.42% | 2.64% | 22.38% | 0.00% | 0.00% | 0.00% | 0.00% |
FTEC Fidelity MSCI Information Technology Index ETF | 0.51% | 0.49% | 0.77% | 0.93% | 0.63% | 0.83% | 1.03% | 1.20% | 0.96% | 1.25% | 1.27% | 1.09% |
Drawdowns
FIKHX vs. FTEC - Drawdown Comparison
The maximum FIKHX drawdown since its inception was -40.47%, which is greater than FTEC's maximum drawdown of -34.95%. Use the drawdown chart below to compare losses from any high point for FIKHX and FTEC.
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Volatility
FIKHX vs. FTEC - Volatility Comparison
Fidelity Advisor Technology Fund Class Z (FIKHX) has a higher volatility of 6.91% compared to Fidelity MSCI Information Technology Index ETF (FTEC) at 6.40%. This indicates that FIKHX's price experiences larger fluctuations and is considered to be riskier than FTEC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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