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.
Correlation
The correlation between FIWDX and FTEC is -0.77. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.
Performance
FIWDX vs. FTEC - Performance Comparison
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Key characteristics
FIWDX:
3.86%
FTEC:
14.51%
FIWDX:
-16.65%
FTEC:
-0.81%
FIWDX:
-0.69%
FTEC:
-0.01%
Returns By Period
FIWDX
1.23%
2.18%
0.72%
6.18%
3.60%
N/A
FTEC
N/A
N/A
N/A
N/A
N/A
N/A
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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 Rank
FIWDX
FTEC
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.
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Dividends
FIWDX vs. FTEC - Dividend Comparison
FIWDX's dividend yield for the trailing twelve months is around 4.17%, more than FTEC's 0.53% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FIWDX Fidelity Advisor Strategic Income Fund Class Z | 4.17% | 4.26% | 4.38% | 3.76% | 2.80% | 3.39% | 3.52% | 1.14% | 0.00% | 0.00% | 0.00% | 0.00% |
FTEC Fidelity MSCI Information Technology Index ETF | 0.53% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
FIWDX vs. FTEC - Drawdown Comparison
The maximum FIWDX drawdown since its inception was -16.65%, which is greater than FTEC's maximum drawdown of -0.81%. Use the drawdown chart below to compare losses from any high point for FIWDX and FTEC. For additional features, visit the drawdowns tool.
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Volatility
FIWDX vs. FTEC - Volatility Comparison
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