FPX vs. FTEC
Compare and contrast key facts about First Trust US Equity Opportunities ETF (FPX) and Fidelity MSCI Information Technology Index ETF (FTEC).
FPX and FTEC are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. FPX is a passively managed fund by First Trust that tracks the performance of the IPOX-100 U.S. Index. It was launched on Apr 12, 2006. 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 FPX 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: FPX or FTEC.
Key characteristics
| FPX | FTEC | |
|---|---|---|
| YTD Return | 3.50% | 2.63% |
| 1Y Return | 24.74% | 36.29% |
| 3Y Return (Ann) | -7.28% | 9.87% |
| 5Y Return (Ann) | 6.00% | 19.67% |
| 10Y Return (Ann) | 8.97% | 19.81% |
| Sharpe Ratio | 0.97 | 1.82 |
| Daily Std Dev | 21.82% | 18.32% |
| Max Drawdown | -56.29% | -34.95% |
| Current Drawdown | -26.05% | -6.43% |
Correlation
The correlation between FPX 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.
Performance
FPX vs. FTEC - Performance Comparison
In the year-to-date period, FPX achieves a 3.50% return, which is significantly higher than FTEC's 2.63% return. Over the past 10 years, FPX has underperformed FTEC with an annualized return of 8.97%, while FTEC has yielded a comparatively higher 19.81% annualized return. 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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FPX vs. FTEC - Expense Ratio Comparison
FPX has a 0.57% expense ratio, which is higher than FTEC's 0.08% expense ratio.
Risk-Adjusted Performance
FPX vs. FTEC - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for First Trust US Equity Opportunities ETF (FPX) 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
FPX vs. FTEC - Dividend Comparison
FPX's dividend yield for the trailing twelve months is around 0.14%, less than FTEC's 0.76% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FPX First Trust US Equity Opportunities ETF | 0.14% | 0.27% | 1.08% | 0.14% | 0.28% | 0.67% | 0.88% | 0.68% | 0.77% | 0.62% | 0.79% | 0.51% |
FTEC Fidelity MSCI Information Technology Index ETF | 0.76% | 0.77% | 0.93% | 0.63% | 0.83% | 1.03% | 1.20% | 0.96% | 1.25% | 1.27% | 1.09% | 0.18% |
Drawdowns
FPX vs. FTEC - Drawdown Comparison
The maximum FPX drawdown since its inception was -56.29%, which is greater than FTEC's maximum drawdown of -34.95%. Use the drawdown chart below to compare losses from any high point for FPX and FTEC. For additional features, visit the drawdowns tool.
Volatility
FPX vs. FTEC - Volatility Comparison
First Trust US Equity Opportunities ETF (FPX) and Fidelity MSCI Information Technology Index ETF (FTEC) have volatilities of 5.96% and 5.89%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.