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.
Performance
FSPTX vs. FTEC - Performance Comparison
Returns By Period
In the year-to-date period, FSPTX achieves a 30.76% return, which is significantly higher than FTEC's 25.41% return. Over the past 10 years, FSPTX has underperformed FTEC with an annualized return of 13.24%, while FTEC has yielded a comparatively higher 20.27% annualized return.
FSPTX
30.76%
1.17%
13.66%
38.90%
14.31%
13.24%
FTEC
25.41%
0.68%
13.63%
33.32%
22.12%
20.27%
Key characteristics
| FSPTX | FTEC | |
|---|---|---|
| Sharpe Ratio | 1.69 | 1.60 |
| Sortino Ratio | 2.23 | 2.12 |
| Omega Ratio | 1.30 | 1.29 |
| Calmar Ratio | 2.42 | 2.21 |
| Martin Ratio | 8.25 | 7.95 |
| Ulcer Index | 4.71% | 4.24% |
| Daily Std Dev | 23.03% | 21.12% |
| Max Drawdown | -84.32% | -34.95% |
| Current Drawdown | -3.27% | -3.56% |
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FSPTX vs. FTEC - Expense Ratio Comparison
FSPTX has a 0.67% expense ratio, which is higher than FTEC's 0.08% expense ratio.
Correlation
The correlation between FSPTX and FTEC is 0.95, 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
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% | 0.00% | 0.00% | 0.09% | 0.25% | 0.14% | 0.00% | 0.05% | 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) and Fidelity MSCI Information Technology Index ETF (FTEC) have volatilities of 6.50% and 6.56%, 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.