FIWDX vs. FTEC
Compare and contrast key facts about Fidelity Advisor Strategic Income Fund Class Z (FIWDX) and Fidelity MSCI Information Technology Index ETF (FTEC).
FIWDX 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: FIWDX or FTEC.
Key characteristics
| FIWDX | FTEC | |
|---|---|---|
| YTD Return | 6.68% | 29.50% |
| 1Y Return | 13.09% | 41.47% |
| 3Y Return (Ann) | 0.70% | 12.65% |
| 5Y Return (Ann) | 2.52% | 23.15% |
| Sharpe Ratio | 3.10 | 1.93 |
| Sortino Ratio | 4.88 | 2.50 |
| Omega Ratio | 1.64 | 1.34 |
| Calmar Ratio | 1.31 | 2.67 |
| Martin Ratio | 18.69 | 9.64 |
| Ulcer Index | 0.64% | 4.23% |
| Daily Std Dev | 3.99% | 21.08% |
| Max Drawdown | -16.65% | -34.95% |
| Current Drawdown | -0.92% | -0.41% |
Correlation
The correlation between FIWDX and FTEC is 0.44, 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.
Performance
FIWDX vs. FTEC - Performance Comparison
In the year-to-date period, FIWDX achieves a 6.68% return, which is significantly lower than FTEC's 29.50% 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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FIWDX vs. FTEC - Expense Ratio Comparison
FIWDX has a 0.61% expense ratio, which is higher than FTEC's 0.08% expense ratio.
Risk-Adjusted Performance
FIWDX vs. FTEC - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Advisor Strategic Income Fund Class Z (FIWDX) 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
FIWDX vs. FTEC - Dividend Comparison
FIWDX's dividend yield for the trailing twelve months is around 4.38%, more than FTEC's 0.61% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FIWDX Fidelity Advisor Strategic Income Fund Class Z | 4.38% | 4.38% | 3.76% | 2.80% | 3.39% | 3.52% | 1.14% | 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
FIWDX vs. FTEC - Drawdown Comparison
The maximum FIWDX drawdown since its inception was -16.65%, smaller than the maximum FTEC drawdown of -34.95%. Use the drawdown chart below to compare losses from any high point for FIWDX and FTEC. For additional features, visit the drawdowns tool.
Volatility
FIWDX vs. FTEC - Volatility Comparison
The current volatility for Fidelity Advisor Strategic Income Fund Class Z (FIWDX) is 0.96%, while Fidelity MSCI Information Technology Index ETF (FTEC) has a volatility of 6.28%. This indicates that FIWDX 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.