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FLRG vs. FTEC
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

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.


-0.50.00.51.00.8

Performance

FLRG vs. FTEC - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity U.S. Multifactor ETF (FLRG) and Fidelity MSCI Information Technology Index ETF (FTEC). The values are adjusted to include any dividend payments, if applicable.

70.00%80.00%90.00%100.00%110.00%120.00%JulyAugustSeptemberOctoberNovemberDecember
87.00%
119.26%
FLRG
FTEC

Key characteristics

Sharpe Ratio

FLRG:

2.12

FTEC:

1.53

Sortino Ratio

FLRG:

2.87

FTEC:

2.04

Omega Ratio

FLRG:

1.39

FTEC:

1.27

Calmar Ratio

FLRG:

4.02

FTEC:

2.17

Martin Ratio

FLRG:

14.01

FTEC:

7.74

Ulcer Index

FLRG:

1.85%

FTEC:

4.27%

Daily Std Dev

FLRG:

12.25%

FTEC:

21.59%

Max Drawdown

FLRG:

-19.64%

FTEC:

-34.95%

Current Drawdown

FLRG:

-3.44%

FTEC:

-1.53%

Returns By Period

In the year-to-date period, FLRG achieves a 25.32% return, which is significantly lower than FTEC's 32.71% return.


FLRG

YTD

25.32%

1M

-2.49%

6M

9.63%

1Y

25.59%

5Y*

N/A

10Y*

N/A

FTEC

YTD

32.71%

1M

2.66%

6M

12.83%

1Y

32.80%

5Y*

22.38%

10Y*

20.58%

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.


FLRG
Fidelity U.S. Multifactor ETF
Expense ratio chart for FLRG: current value at 0.29% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.29%
Expense ratio chart for FTEC: current value at 0.08% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.08%

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.


Sharpe ratio
The chart of Sharpe ratio for FLRG, currently valued at 2.12, compared to the broader market0.002.004.002.121.53
The chart of Sortino ratio for FLRG, currently valued at 2.87, compared to the broader market-2.000.002.004.006.008.0010.002.872.04
The chart of Omega ratio for FLRG, currently valued at 1.39, compared to the broader market0.501.001.502.002.503.001.391.27
The chart of Calmar ratio for FLRG, currently valued at 4.02, compared to the broader market0.005.0010.0015.004.022.17
The chart of Martin ratio for FLRG, currently valued at 14.01, compared to the broader market0.0020.0040.0060.0080.00100.0014.017.74
FLRG
FTEC

The current FLRG Sharpe Ratio is 2.12, which is higher than the FTEC Sharpe Ratio of 1.53. The chart below compares the historical Sharpe Ratios of FLRG and FTEC, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.


Rolling 12-month Sharpe Ratio1.001.502.002.503.003.50JulyAugustSeptemberOctoberNovemberDecember
2.12
1.53
FLRG
FTEC

Dividends

FLRG vs. FTEC - Dividend Comparison

FLRG's dividend yield for the trailing twelve months is around 1.39%, more than FTEC's 0.48% yield.


TTM20232022202120202019201820172016201520142013
FLRG
Fidelity U.S. Multifactor ETF
1.39%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
0.48%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.


-15.00%-10.00%-5.00%0.00%JulyAugustSeptemberOctoberNovemberDecember
-3.44%
-1.53%
FLRG
FTEC

Volatility

FLRG vs. FTEC - Volatility Comparison

The current volatility for Fidelity U.S. Multifactor ETF (FLRG) is 4.01%, while Fidelity MSCI Information Technology Index ETF (FTEC) has a volatility of 5.57%. 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.


2.00%4.00%6.00%8.00%10.00%JulyAugustSeptemberOctoberNovemberDecember
4.01%
5.57%
FLRG
FTEC
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Disclaimer

The information contained herein does not constitute investment advice and made available for educational purposes only. Prices and returns on equities are listed without consideration of fees, commissions, taxes, penalties, or interest payable due to purchasing, holding, or selling.

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