FLRG vs. FTEC
Compare and contrast key facts about Fidelity U.S. Multifactor ETF (FLRG) and Fidelity MSCI Information Technology Index ETF (FTEC).
FLRG and FTEC are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. FLRG is a passively managed fund by Fidelity that tracks the performance of the Fidelity U.S. Multifactor Index. It was launched on Sep 15, 2020. 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. Both FLRG and FTEC are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FLRG or FTEC.
Performance
FLRG vs. FTEC - Performance Comparison
Returns By Period
The year-to-date returns for both investments are quite close, with FLRG having a 26.66% return and FTEC slightly higher at 27.41%.
FLRG
26.66%
1.25%
14.18%
32.66%
N/A
N/A
FTEC
27.41%
1.00%
13.76%
34.77%
22.67%
20.46%
Key characteristics
| FLRG | FTEC | |
|---|---|---|
| Sharpe Ratio | 2.76 | 1.59 |
| Sortino Ratio | 3.75 | 2.12 |
| Omega Ratio | 1.51 | 1.28 |
| Calmar Ratio | 5.03 | 2.20 |
| Martin Ratio | 18.71 | 7.91 |
| Ulcer Index | 1.74% | 4.25% |
| Daily Std Dev | 11.79% | 21.11% |
| Max Drawdown | -19.64% | -34.95% |
| Current Drawdown | -1.66% | -2.02% |
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
FLRG vs. FTEC - Expense Ratio Comparison
FLRG has a 0.29% expense ratio, which is higher than FTEC's 0.08% expense ratio.
Correlation
The correlation between FLRG and FTEC is 0.84, 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.
Risk-Adjusted Performance
FLRG vs. FTEC - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity U.S. Multifactor ETF (FLRG) 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
FLRG vs. FTEC - Dividend Comparison
FLRG's dividend yield for the trailing twelve months is around 1.24%, more than FTEC's 0.62% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FLRG Fidelity U.S. Multifactor ETF | 1.24% | 1.39% | 1.62% | 1.36% | 1.47% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
FTEC Fidelity MSCI Information Technology Index ETF | 0.62% | 0.77% | 0.93% | 0.63% | 0.83% | 1.03% | 1.20% | 0.96% | 1.25% | 1.27% | 1.09% | 0.18% |
Drawdowns
FLRG vs. FTEC - Drawdown Comparison
The maximum FLRG drawdown since its inception was -19.64%, smaller than the maximum FTEC drawdown of -34.95%. Use the drawdown chart below to compare losses from any high point for FLRG and FTEC. For additional features, visit the drawdowns tool.
Volatility
FLRG vs. FTEC - Volatility Comparison
The current volatility for Fidelity U.S. Multifactor ETF (FLRG) is 4.18%, while Fidelity MSCI Information Technology Index ETF (FTEC) has a volatility of 6.64%. This indicates that FLRG 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.