FSPTX vs. FTEC
Compare and contrast key facts about Fidelity Select Technology Portfolio (FSPTX) and Fidelity MSCI Information Technology Index ETF (FTEC).
FSPTX is managed by Fidelity. It was launched on Jul 13, 1981. 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: FSPTX or FTEC.
Key characteristics
| FSPTX | FTEC | |
|---|---|---|
| YTD Return | 29.25% | 24.56% |
| 1Y Return | 43.27% | 41.94% |
| 3Y Return (Ann) | 10.93% | 13.74% |
| 5Y Return (Ann) | 24.57% | 23.88% |
| 10Y Return (Ann) | 21.69% | 21.47% |
| Sharpe Ratio | 1.83 | 1.98 |
| Sortino Ratio | 2.41 | 2.56 |
| Omega Ratio | 1.32 | 1.34 |
| Calmar Ratio | 2.42 | 2.72 |
| Martin Ratio | 8.80 | 9.69 |
| Ulcer Index | 4.79% | 4.27% |
| Daily Std Dev | 22.96% | 20.93% |
| Max Drawdown | -84.32% | -34.95% |
| Current Drawdown | -1.79% | -1.47% |
Correlation
The correlation between FSPTX 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
FSPTX vs. FTEC - Performance Comparison
In the year-to-date period, FSPTX achieves a 29.25% return, which is significantly higher than FTEC's 24.56% return. Both investments have delivered pretty close results over the past 10 years, with FSPTX having a 21.69% annualized return and FTEC not far behind at 21.47%. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
FSPTX vs. FTEC - Expense Ratio Comparison
FSPTX has a 0.67% expense ratio, which is higher than FTEC's 0.08% expense ratio.
Risk-Adjusted Performance
FSPTX vs. FTEC - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Select Technology Portfolio (FSPTX) 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
FSPTX vs. FTEC - Dividend Comparison
FSPTX has not paid dividends to shareholders, while FTEC's dividend yield for the trailing twelve months is around 0.63%.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FSPTX Fidelity Select Technology Portfolio | 0.00% | 0.01% | 3.95% | 11.62% | 18.86% | 1.86% | 23.77% | 8.32% | 1.54% | 4.28% | 17.85% | 8.07% |
FTEC Fidelity MSCI Information Technology Index ETF | 0.63% | 0.77% | 0.93% | 0.63% | 0.83% | 1.03% | 1.20% | 0.96% | 1.25% | 1.27% | 1.09% | 0.18% |
Drawdowns
FSPTX vs. FTEC - Drawdown Comparison
The maximum FSPTX drawdown since its inception was -84.32%, which is greater than FTEC's maximum drawdown of -34.95%. Use the drawdown chart below to compare losses from any high point for FSPTX and FTEC. For additional features, visit the drawdowns tool.
Volatility
FSPTX vs. FTEC - Volatility Comparison
Fidelity Select Technology Portfolio (FSPTX) has a higher volatility of 5.90% compared to Fidelity MSCI Information Technology Index ETF (FTEC) at 5.53%. This indicates that FSPTX's price experiences larger fluctuations and is considered to be riskier than FTEC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.