FTEC vs. GOOGL
Compare and contrast key facts about Fidelity MSCI Information Technology Index ETF (FTEC) and Alphabet Inc Class A (GOOGL).
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: FTEC or GOOGL.
Correlation
The correlation between FTEC and GOOGL is 0.70, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
FTEC vs. GOOGL - Performance Comparison
Key characteristics
FTEC:
0.39
GOOGL:
-0.32
FTEC:
0.74
GOOGL:
-0.27
FTEC:
1.10
GOOGL:
0.97
FTEC:
0.43
GOOGL:
-0.35
FTEC:
1.39
GOOGL:
-0.77
FTEC:
8.34%
GOOGL:
13.55%
FTEC:
30.04%
GOOGL:
30.78%
FTEC:
-34.95%
GOOGL:
-65.29%
FTEC:
-11.67%
GOOGL:
-25.90%
Returns By Period
In the year-to-date period, FTEC achieves a -8.00% return, which is significantly higher than GOOGL's -19.22% return. Both investments have delivered pretty close results over the past 10 years, with FTEC having a 19.13% annualized return and GOOGL not far behind at 19.06%.
FTEC
-8.00%
6.74%
-8.35%
11.57%
18.91%
19.13%
GOOGL
-19.22%
-3.76%
-14.16%
-9.70%
17.31%
19.06%
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Risk-Adjusted Performance
FTEC vs. GOOGL — Risk-Adjusted Performance Rank
FTEC
GOOGL
FTEC vs. GOOGL - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity MSCI Information Technology Index ETF (FTEC) and Alphabet Inc Class A (GOOGL). 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. GOOGL - Dividend Comparison
FTEC's dividend yield for the trailing twelve months is around 0.53%, more than GOOGL's 0.52% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FTEC Fidelity MSCI Information Technology Index ETF | 0.53% | 0.49% | 0.77% | 0.93% | 0.63% | 0.83% | 1.03% | 1.20% | 0.96% | 1.25% | 1.27% | 1.09% |
GOOGL Alphabet Inc Class A | 0.52% | 0.32% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
FTEC vs. GOOGL - Drawdown Comparison
The maximum FTEC drawdown since its inception was -34.95%, smaller than the maximum GOOGL drawdown of -65.29%. Use the drawdown chart below to compare losses from any high point for FTEC and GOOGL. For additional features, visit the drawdowns tool.
Volatility
FTEC vs. GOOGL - Volatility Comparison
The current volatility for Fidelity MSCI Information Technology Index ETF (FTEC) is 9.48%, while Alphabet Inc Class A (GOOGL) has a volatility of 11.57%. This indicates that FTEC experiences smaller price fluctuations and is considered to be less risky than GOOGL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.