FTEC vs. FSPTX
Compare and contrast key facts about Fidelity MSCI Information Technology Index ETF (FTEC) and Fidelity Select Technology Portfolio (FSPTX).
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. FSPTX is managed by Fidelity. It was launched on Jul 13, 1981.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FTEC or FSPTX.
Key characteristics
| FTEC | FSPTX | |
|---|---|---|
| YTD Return | 2.52% | 7.61% |
| 1Y Return | 30.33% | 38.95% |
| 3Y Return (Ann) | 10.63% | 7.87% |
| 5Y Return (Ann) | 19.78% | 20.88% |
| 10Y Return (Ann) | 19.60% | 19.82% |
| Sharpe Ratio | 1.67 | 1.98 |
| Daily Std Dev | 18.22% | 20.09% |
| Max Drawdown | -34.95% | -94.15% |
| Current Drawdown | -6.54% | -6.49% |
Correlation
The correlation between FTEC and FSPTX 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.
Performance
FTEC vs. FSPTX - Performance Comparison
In the year-to-date period, FTEC achieves a 2.52% return, which is significantly lower than FSPTX's 7.61% return. Both investments have delivered pretty close results over the past 10 years, with FTEC having a 19.60% annualized return and FSPTX not far ahead at 19.82%. 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. FSPTX - Expense Ratio Comparison
FTEC has a 0.08% expense ratio, which is lower than FSPTX's 0.67% expense ratio.
Risk-Adjusted Performance
FTEC vs. FSPTX - 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 Technology Portfolio (FSPTX). 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. FSPTX - Dividend Comparison
FTEC's dividend yield for the trailing twelve months is around 0.76%, while FSPTX has not paid dividends to shareholders.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FTEC Fidelity MSCI Information Technology Index ETF | 0.76% | 0.77% | 0.93% | 0.63% | 0.83% | 1.03% | 1.20% | 0.96% | 1.25% | 1.27% | 1.09% | 0.18% |
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% |
Drawdowns
FTEC vs. FSPTX - Drawdown Comparison
The maximum FTEC drawdown since its inception was -34.95%, smaller than the maximum FSPTX drawdown of -94.15%. Use the drawdown chart below to compare losses from any high point for FTEC and FSPTX. For additional features, visit the drawdowns tool.
Volatility
FTEC vs. FSPTX - Volatility Comparison
The current volatility for Fidelity MSCI Information Technology Index ETF (FTEC) is 6.50%, while Fidelity Select Technology Portfolio (FSPTX) has a volatility of 7.52%. This indicates that FTEC experiences smaller price fluctuations and is considered to be less risky than FSPTX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.