FIKHX vs. WTCH.AS
Compare and contrast key facts about Fidelity Advisor Technology Fund Class Z (FIKHX) and SPDR MSCI World Technology UCITS ETF (WTCH.AS).
FIKHX is managed by Fidelity. It was launched on Oct 2, 2018. WTCH.AS is a passively managed fund by State Street that tracks the performance of the MSCI World/Information Tech NR USD. It was launched on Apr 29, 2016.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FIKHX or WTCH.AS.
Performance
FIKHX vs. WTCH.AS - Performance Comparison
Returns By Period
In the year-to-date period, FIKHX achieves a 31.06% return, which is significantly lower than WTCH.AS's 36.09% return.
FIKHX
31.06%
0.23%
13.43%
34.59%
17.59%
N/A
WTCH.AS
36.09%
4.01%
16.99%
41.32%
22.51%
N/A
Key characteristics
| FIKHX | WTCH.AS | |
|---|---|---|
| Sharpe Ratio | 1.48 | 1.99 |
| Sortino Ratio | 2.00 | 2.58 |
| Omega Ratio | 1.26 | 1.35 |
| Calmar Ratio | 1.79 | 2.57 |
| Martin Ratio | 6.96 | 8.39 |
| Ulcer Index | 4.93% | 4.88% |
| Daily Std Dev | 23.26% | 20.39% |
| Max Drawdown | -46.63% | -31.28% |
| Current Drawdown | -3.23% | -2.18% |
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FIKHX vs. WTCH.AS - Expense Ratio Comparison
FIKHX has a 0.59% expense ratio, which is higher than WTCH.AS's 0.30% expense ratio.
Correlation
The correlation between FIKHX and WTCH.AS is 0.65, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Risk-Adjusted Performance
FIKHX vs. WTCH.AS - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Advisor Technology Fund Class Z (FIKHX) and SPDR MSCI World Technology UCITS ETF (WTCH.AS). 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
FIKHX vs. WTCH.AS - Dividend Comparison
Neither FIKHX nor WTCH.AS has paid dividends to shareholders.
Drawdowns
FIKHX vs. WTCH.AS - Drawdown Comparison
The maximum FIKHX drawdown since its inception was -46.63%, which is greater than WTCH.AS's maximum drawdown of -31.28%. Use the drawdown chart below to compare losses from any high point for FIKHX and WTCH.AS. For additional features, visit the drawdowns tool.
Volatility
FIKHX vs. WTCH.AS - Volatility Comparison
Fidelity Advisor Technology Fund Class Z (FIKHX) has a higher volatility of 6.45% compared to SPDR MSCI World Technology UCITS ETF (WTCH.AS) at 5.58%. This indicates that FIKHX's price experiences larger fluctuations and is considered to be riskier than WTCH.AS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.