FTEC vs. FSCSX
Compare and contrast key facts about Fidelity MSCI Information Technology Index ETF (FTEC) and Fidelity Select Software & IT Services Portfolio (FSCSX).
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. FSCSX is managed by Fidelity. It was launched on Jul 29, 1985.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FTEC or FSCSX.
Key characteristics
| FTEC | FSCSX | |
|---|---|---|
| YTD Return | 1.34% | -3.36% |
| 1Y Return | 30.30% | 28.28% |
| 3Y Return (Ann) | 10.19% | 4.60% |
| 5Y Return (Ann) | 19.27% | 14.86% |
| 10Y Return (Ann) | 19.45% | 17.24% |
| Sharpe Ratio | 1.58 | 1.45 |
| Daily Std Dev | 18.27% | 18.32% |
| Max Drawdown | -34.95% | -58.41% |
| Current Drawdown | -7.61% | -10.51% |
Correlation
The correlation between FTEC and FSCSX is 0.93, 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
FTEC vs. FSCSX - Performance Comparison
In the year-to-date period, FTEC achieves a 1.34% return, which is significantly higher than FSCSX's -3.36% return. Over the past 10 years, FTEC has outperformed FSCSX with an annualized return of 19.45%, while FSCSX has yielded a comparatively lower 17.24% annualized 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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FTEC vs. FSCSX - Expense Ratio Comparison
FTEC has a 0.08% expense ratio, which is lower than FSCSX's 0.67% expense ratio.
Risk-Adjusted Performance
FTEC vs. FSCSX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity MSCI Information Technology Index ETF (FTEC) and Fidelity Select Software & IT Services Portfolio (FSCSX). 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
FTEC vs. FSCSX - Dividend Comparison
FTEC's dividend yield for the trailing twelve months is around 0.77%, less than FSCSX's 10.05% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FTEC Fidelity MSCI Information Technology Index ETF | 0.77% | 0.77% | 0.93% | 0.63% | 0.83% | 1.03% | 1.20% | 0.96% | 1.25% | 1.27% | 1.09% | 0.18% |
FSCSX Fidelity Select Software & IT Services Portfolio | 10.05% | 7.72% | 9.06% | 6.54% | 5.10% | 12.70% | 6.20% | 7.15% | 3.98% | 5.22% | 10.43% | 4.72% |
Drawdowns
FTEC vs. FSCSX - Drawdown Comparison
The maximum FTEC drawdown since its inception was -34.95%, smaller than the maximum FSCSX drawdown of -58.41%. Use the drawdown chart below to compare losses from any high point for FTEC and FSCSX. For additional features, visit the drawdowns tool.
Volatility
FTEC vs. FSCSX - Volatility Comparison
Fidelity MSCI Information Technology Index ETF (FTEC) and Fidelity Select Software & IT Services Portfolio (FSCSX) have volatilities of 6.53% and 6.58%, 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.