PortfoliosLab logo
PortfoliosLab logo
Tools
Performance Analysis
Portfolio Analysis
Factor Model
Portfolios
Lazy PortfoliosUser Portfolios
Discussions
FOKFX vs. FTEC
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Performance

FOKFX vs. FTEC - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity OTC K6 Portfolio (FOKFX) and Fidelity MSCI Information Technology Index ETF (FTEC). The values are adjusted to include any dividend payments, if applicable.

-5.00%0.00%5.00%10.00%15.00%JuneJulyAugustSeptemberOctoberNovember
6.15%
14.31%
FOKFX
FTEC

Returns By Period

In the year-to-date period, FOKFX achieves a 26.35% return, which is significantly lower than FTEC's 29.26% return.


FOKFX

YTD

26.35%

1M

1.76%

6M

6.15%

1Y

31.20%

5Y (annualized)

18.20%

10Y (annualized)

N/A

FTEC

YTD

29.26%

1M

4.14%

6M

14.30%

1Y

36.13%

5Y (annualized)

22.99%

10Y (annualized)

20.51%

Key characteristics


FOKFXFTEC
Sharpe Ratio1.701.71
Sortino Ratio2.282.25
Omega Ratio1.311.30
Calmar Ratio2.142.37
Martin Ratio6.398.51
Ulcer Index4.89%4.25%
Daily Std Dev18.32%21.10%
Max Drawdown-37.76%-34.95%
Current Drawdown-3.74%-0.60%

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.


FOKFX vs. FTEC - Expense Ratio Comparison

FOKFX has a 0.50% expense ratio, which is higher than FTEC's 0.08% expense ratio.


FOKFX
Fidelity OTC K6 Portfolio
Expense ratio chart for FOKFX: current value at 0.50% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.50%
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%

Correlation

-0.50.00.51.01.0

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.

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.


Sharpe ratio
The chart of Sharpe ratio for FOKFX, currently valued at 1.70, compared to the broader market-1.000.001.002.003.004.005.001.701.71
The chart of Sortino ratio for FOKFX, currently valued at 2.28, compared to the broader market0.005.0010.002.282.25
The chart of Omega ratio for FOKFX, currently valued at 1.31, compared to the broader market1.002.003.004.001.311.30
The chart of Calmar ratio for FOKFX, currently valued at 2.14, compared to the broader market0.005.0010.0015.0020.002.142.37
The chart of Martin ratio for FOKFX, currently valued at 6.39, compared to the broader market0.0020.0040.0060.0080.00100.006.398.51
FOKFX
FTEC

The current FOKFX Sharpe Ratio is 1.70, which is comparable to the FTEC Sharpe Ratio of 1.71. The chart below compares the historical Sharpe Ratios of FOKFX 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 Ratio1.001.502.002.503.00JuneJulyAugustSeptemberOctoberNovember
1.70
1.71
FOKFX
FTEC

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.


TTM20232022202120202019201820172016201520142013
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.


-15.00%-10.00%-5.00%0.00%JuneJulyAugustSeptemberOctoberNovember
-3.74%
-0.60%
FOKFX
FTEC

Volatility

FOKFX vs. FTEC - Volatility Comparison

The current volatility for Fidelity OTC K6 Portfolio (FOKFX) is 5.48%, while Fidelity MSCI Information Technology Index ETF (FTEC) has a volatility of 6.51%. 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.


4.00%6.00%8.00%10.00%JuneJulyAugustSeptemberOctoberNovember
5.48%
6.51%
FOKFX
FTEC