FOKFX vs. FTEC
Compare and contrast key facts about Fidelity OTC K6 Portfolio (FOKFX) and Fidelity MSCI Information Technology Index ETF (FTEC).
FOKFX is managed by Fidelity. It was launched on Jun 13, 2019. 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: FOKFX or FTEC.
Key characteristics
| FOKFX | FTEC | |
|---|---|---|
| YTD Return | 29.24% | 30.04% |
| 1Y Return | 40.13% | 44.12% |
| 3Y Return (Ann) | 6.65% | 12.64% |
| 5Y Return (Ann) | 19.06% | 23.36% |
| Sharpe Ratio | 2.20 | 2.11 |
| Sortino Ratio | 2.87 | 2.70 |
| Omega Ratio | 1.39 | 1.37 |
| Calmar Ratio | 2.70 | 2.94 |
| Martin Ratio | 8.33 | 10.57 |
| Ulcer Index | 4.84% | 4.23% |
| Daily Std Dev | 18.33% | 21.21% |
| Max Drawdown | -37.76% | -34.95% |
| Current Drawdown | -1.54% | 0.00% |
Correlation
The correlation between FOKFX and FTEC is 0.96, 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.
Performance
FOKFX vs. FTEC - Performance Comparison
The year-to-date returns for both investments are quite close, with FOKFX having a 29.24% return and FTEC slightly higher at 30.04%. 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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FOKFX vs. FTEC - Expense Ratio Comparison
FOKFX has a 0.50% expense ratio, which is higher than FTEC's 0.08% expense ratio.
Risk-Adjusted Performance
FOKFX vs. FTEC - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity OTC K6 Portfolio (FOKFX) 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
FOKFX vs. FTEC - Dividend Comparison
FOKFX's dividend yield for the trailing twelve months is around 0.21%, less than FTEC's 0.61% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FOKFX Fidelity OTC K6 Portfolio | 0.21% | 0.24% | 0.08% | 0.00% | 0.07% | 0.11% | 0.00% | 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
FOKFX vs. FTEC - Drawdown Comparison
The maximum FOKFX drawdown since its inception was -37.76%, which is greater than FTEC's maximum drawdown of -34.95%. Use the drawdown chart below to compare losses from any high point for FOKFX and FTEC. For additional features, visit the drawdowns tool.
Volatility
FOKFX vs. FTEC - Volatility Comparison
The current volatility for Fidelity OTC K6 Portfolio (FOKFX) is 5.14%, while Fidelity MSCI Information Technology Index ETF (FTEC) has a volatility of 6.34%. This indicates that FOKFX 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.