FSGEX vs. FTEC
Compare and contrast key facts about Fidelity Series Global ex U.S. Index Fund (FSGEX) and Fidelity MSCI Information Technology Index ETF (FTEC).
FSGEX is managed by Fidelity. It was launched on Sep 29, 2009. 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: FSGEX or FTEC.
Performance
FSGEX vs. FTEC - Performance Comparison
Returns By Period
In the year-to-date period, FSGEX achieves a 6.64% return, which is significantly lower than FTEC's 28.81% return. Over the past 10 years, FSGEX has underperformed FTEC with an annualized return of 4.55%, while FTEC has yielded a comparatively higher 20.49% annualized return.
FSGEX
6.64%
-3.78%
0.14%
12.74%
5.29%
4.55%
FTEC
28.81%
2.24%
14.99%
35.65%
22.92%
20.49%
Key characteristics
| FSGEX | FTEC | |
|---|---|---|
| Sharpe Ratio | 0.99 | 1.72 |
| Sortino Ratio | 1.44 | 2.26 |
| Omega Ratio | 1.18 | 1.31 |
| Calmar Ratio | 1.16 | 2.38 |
| Martin Ratio | 5.00 | 8.54 |
| Ulcer Index | 2.55% | 4.25% |
| Daily Std Dev | 12.88% | 21.11% |
| Max Drawdown | -34.73% | -34.95% |
| Current Drawdown | -7.28% | -0.95% |
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FSGEX vs. FTEC - Expense Ratio Comparison
FSGEX has a 0.01% expense ratio, which is lower than FTEC's 0.08% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Correlation
The correlation between FSGEX and FTEC is 0.67, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Risk-Adjusted Performance
FSGEX vs. FTEC - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Series Global ex U.S. Index Fund (FSGEX) 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
FSGEX vs. FTEC - Dividend Comparison
FSGEX's dividend yield for the trailing twelve months is around 2.72%, more than FTEC's 0.61% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FSGEX Fidelity Series Global ex U.S. Index Fund | 2.72% | 2.90% | 2.78% | 2.59% | 1.68% | 2.00% | 2.86% | 2.33% | 2.51% | 2.61% | 3.12% | 1.98% |
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
FSGEX vs. FTEC - Drawdown Comparison
The maximum FSGEX drawdown since its inception was -34.73%, roughly equal to the maximum FTEC drawdown of -34.95%. Use the drawdown chart below to compare losses from any high point for FSGEX and FTEC. For additional features, visit the drawdowns tool.
Volatility
FSGEX vs. FTEC - Volatility Comparison
The current volatility for Fidelity Series Global ex U.S. Index Fund (FSGEX) is 3.69%, while Fidelity MSCI Information Technology Index ETF (FTEC) has a volatility of 6.51%. This indicates that FSGEX 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.