FSSMX vs. FTEC
Compare and contrast key facts about Fidelity Stock Selector Mid Cap Fund (FSSMX) and Fidelity MSCI Information Technology Index ETF (FTEC).
FSSMX is managed by Fidelity. It was launched on Feb 20, 1996. 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: FSSMX or FTEC.
Correlation
The correlation between FSSMX and FTEC is 0.72, 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
FSSMX vs. FTEC - Performance Comparison
Key characteristics
FSSMX:
0.90
FTEC:
1.16
FSSMX:
1.35
FTEC:
1.60
FSSMX:
1.17
FTEC:
1.21
FSSMX:
0.78
FTEC:
1.70
FSSMX:
3.47
FTEC:
5.88
FSSMX:
4.11%
FTEC:
4.40%
FSSMX:
15.81%
FTEC:
22.48%
FSSMX:
-50.54%
FTEC:
-34.95%
FSSMX:
-5.81%
FTEC:
-0.54%
Returns By Period
In the year-to-date period, FSSMX achieves a 5.84% return, which is significantly higher than FTEC's 3.59% return. Over the past 10 years, FSSMX has underperformed FTEC with an annualized return of 3.92%, while FTEC has yielded a comparatively higher 20.44% annualized return.
FSSMX
5.84%
1.47%
8.29%
13.12%
5.18%
3.92%
FTEC
3.59%
2.54%
11.66%
27.42%
20.11%
20.44%
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FSSMX vs. FTEC - Expense Ratio Comparison
FSSMX has a 0.79% expense ratio, which is higher than FTEC's 0.08% expense ratio.
Risk-Adjusted Performance
FSSMX vs. FTEC — Risk-Adjusted Performance Rank
FSSMX
FTEC
FSSMX vs. FTEC - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Stock Selector Mid Cap Fund (FSSMX) 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
FSSMX vs. FTEC - Dividend Comparison
FSSMX's dividend yield for the trailing twelve months is around 0.54%, more than FTEC's 0.47% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FSSMX Fidelity Stock Selector Mid Cap Fund | 0.54% | 0.57% | 0.78% | 0.77% | 0.72% | 1.02% | 0.65% | 1.06% | 0.49% | 0.73% | 0.58% | 0.30% |
FTEC Fidelity MSCI Information Technology Index ETF | 0.47% | 0.49% | 0.77% | 0.93% | 0.63% | 0.83% | 1.03% | 1.20% | 0.96% | 1.25% | 1.27% | 1.09% |
Drawdowns
FSSMX vs. FTEC - Drawdown Comparison
The maximum FSSMX drawdown since its inception was -50.54%, which is greater than FTEC's maximum drawdown of -34.95%. Use the drawdown chart below to compare losses from any high point for FSSMX and FTEC. For additional features, visit the drawdowns tool.
Volatility
FSSMX vs. FTEC - Volatility Comparison
The current volatility for Fidelity Stock Selector Mid Cap Fund (FSSMX) is 3.59%, while Fidelity MSCI Information Technology Index ETF (FTEC) has a volatility of 7.82%. This indicates that FSSMX 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.