FSST vs. VGT
Compare and contrast key facts about Fidelity Sustainability U.S. Equity ETF (FSST) and Vanguard Information Technology ETF (VGT).
FSST and VGT are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. FSST is a passively managed fund by Fidelity that tracks the performance of the Russell 3000. It was launched on Jun 15, 2021. VGT is a passively managed fund by Vanguard that tracks the performance of the MSCI US Investable Market Information Technology 25/50 Index. It was launched on Jan 26, 2004. Both FSST and VGT 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: FSST or VGT.
Key characteristics
| FSST | VGT | |
|---|---|---|
| YTD Return | 10.59% | 6.92% |
| 1Y Return | 28.53% | 34.67% |
| Sharpe Ratio | 2.32 | 1.87 |
| Daily Std Dev | 12.30% | 18.27% |
| Max Drawdown | -26.30% | -54.63% |
| Current Drawdown | -1.43% | -2.39% |
Correlation
The correlation between FSST and VGT is 0.91, 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
FSST vs. VGT - Performance Comparison
In the year-to-date period, FSST achieves a 10.59% return, which is significantly higher than VGT's 6.92% 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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FSST vs. VGT - Expense Ratio Comparison
FSST has a 0.59% expense ratio, which is higher than VGT's 0.10% expense ratio.
Risk-Adjusted Performance
FSST vs. VGT - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Sustainability U.S. Equity ETF (FSST) and Vanguard Information Technology ETF (VGT). 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
FSST vs. VGT - Dividend Comparison
FSST's dividend yield for the trailing twelve months is around 0.60%, less than VGT's 0.70% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FSST Fidelity Sustainability U.S. Equity ETF | 0.60% | 0.68% | 1.00% | 0.34% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
VGT Vanguard Information Technology ETF | 0.70% | 0.65% | 0.91% | 0.64% | 0.82% | 1.11% | 1.29% | 0.99% | 1.31% | 1.28% | 1.12% | 1.05% |
Drawdowns
FSST vs. VGT - Drawdown Comparison
The maximum FSST drawdown since its inception was -26.30%, smaller than the maximum VGT drawdown of -54.63%. Use the drawdown chart below to compare losses from any high point for FSST and VGT. For additional features, visit the drawdowns tool.
Volatility
FSST vs. VGT - Volatility Comparison
The current volatility for Fidelity Sustainability U.S. Equity ETF (FSST) is 3.99%, while Vanguard Information Technology ETF (VGT) has a volatility of 6.66%. This indicates that FSST experiences smaller price fluctuations and is considered to be less risky than VGT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.