FTEC vs. FXAIX
Compare and contrast key facts about Fidelity MSCI Information Technology Index ETF (FTEC) and Fidelity 500 Index Fund (FXAIX).
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. FXAIX is managed by Fidelity.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FTEC or FXAIX.
Performance
FTEC vs. FXAIX - Performance Comparison
Returns By Period
In the year-to-date period, FTEC achieves a 27.41% return, which is significantly higher than FXAIX's 25.57% return. Over the past 10 years, FTEC has outperformed FXAIX with an annualized return of 20.46%, while FXAIX has yielded a comparatively lower 13.04% annualized return.
FTEC
27.41%
1.00%
13.76%
34.77%
22.67%
20.46%
FXAIX
25.57%
1.18%
12.23%
32.20%
15.59%
13.04%
Key characteristics
| FTEC | FXAIX | |
|---|---|---|
| Sharpe Ratio | 1.59 | 2.61 |
| Sortino Ratio | 2.12 | 3.49 |
| Omega Ratio | 1.28 | 1.49 |
| Calmar Ratio | 2.20 | 3.78 |
| Martin Ratio | 7.91 | 17.01 |
| Ulcer Index | 4.25% | 1.88% |
| Daily Std Dev | 21.11% | 12.24% |
| Max Drawdown | -34.95% | -33.79% |
| Current Drawdown | -2.02% | -1.35% |
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FTEC vs. FXAIX - Expense Ratio Comparison
FTEC has a 0.08% expense ratio, which is higher than FXAIX's 0.02% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Correlation
The correlation between FTEC and FXAIX is 0.89, 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
FTEC vs. FXAIX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity MSCI Information Technology Index ETF (FTEC) and Fidelity 500 Index Fund (FXAIX). 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. FXAIX - Dividend Comparison
FTEC's dividend yield for the trailing twelve months is around 0.62%, less than FXAIX's 1.23% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FTEC Fidelity MSCI Information Technology Index ETF | 0.62% | 0.77% | 0.93% | 0.63% | 0.83% | 1.03% | 1.20% | 0.96% | 1.25% | 1.27% | 1.09% | 0.18% |
FXAIX Fidelity 500 Index Fund | 1.23% | 1.45% | 1.69% | 1.22% | 1.60% | 1.95% | 2.07% | 1.81% | 2.01% | 2.56% | 2.63% | 1.84% |
Drawdowns
FTEC vs. FXAIX - Drawdown Comparison
The maximum FTEC drawdown since its inception was -34.95%, roughly equal to the maximum FXAIX drawdown of -33.79%. Use the drawdown chart below to compare losses from any high point for FTEC and FXAIX. For additional features, visit the drawdowns tool.
Volatility
FTEC vs. FXAIX - Volatility Comparison
Fidelity MSCI Information Technology Index ETF (FTEC) has a higher volatility of 6.64% compared to Fidelity 500 Index Fund (FXAIX) at 4.06%. This indicates that FTEC's price experiences larger fluctuations and is considered to be riskier than FXAIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.