FTEC vs. QQQ
Compare and contrast key facts about Fidelity MSCI Information Technology Index ETF (FTEC) and Invesco QQQ (QQQ).
FTEC and QQQ are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. 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. QQQ is a passively managed fund by Invesco that tracks the performance of the NASDAQ-100 Index. It was launched on Mar 10, 1999. Both FTEC and QQQ 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: FTEC or QQQ.
Performance
FTEC vs. QQQ - Performance Comparison
Returns By Period
In the year-to-date period, FTEC achieves a 29.26% return, which is significantly higher than QQQ's 24.04% return. Over the past 10 years, FTEC has outperformed QQQ with an annualized return of 20.51%, while QQQ has yielded a comparatively lower 18.03% annualized return.
FTEC
29.26%
4.14%
14.30%
36.13%
22.99%
20.51%
QQQ
24.04%
3.57%
10.78%
30.56%
20.99%
18.03%
Key characteristics
| FTEC | QQQ | |
|---|---|---|
| Sharpe Ratio | 1.71 | 1.76 |
| Sortino Ratio | 2.25 | 2.35 |
| Omega Ratio | 1.30 | 1.32 |
| Calmar Ratio | 2.37 | 2.25 |
| Martin Ratio | 8.51 | 8.18 |
| Ulcer Index | 4.25% | 3.74% |
| Daily Std Dev | 21.10% | 17.36% |
| Max Drawdown | -34.95% | -82.98% |
| Current Drawdown | -0.60% | -1.62% |
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FTEC vs. QQQ - Expense Ratio Comparison
FTEC has a 0.08% expense ratio, which is lower than QQQ's 0.20% expense ratio. Despite the difference, 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 QQQ is 0.96, 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. QQQ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity MSCI Information Technology Index ETF (FTEC) and Invesco QQQ (QQQ). 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. QQQ - Dividend Comparison
FTEC's dividend yield for the trailing twelve months is around 0.61%, more than QQQ's 0.60% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FTEC Fidelity MSCI Information Technology Index ETF | 0.61% | 0.77% | 0.93% | 0.63% | 0.83% | 1.03% | 1.20% | 0.96% | 1.25% | 1.27% | 1.09% | 0.18% |
QQQ Invesco QQQ | 0.60% | 0.62% | 0.80% | 0.43% | 0.55% | 0.74% | 0.91% | 0.84% | 1.06% | 0.99% | 1.41% | 1.02% |
Drawdowns
FTEC vs. QQQ - Drawdown Comparison
The maximum FTEC drawdown since its inception was -34.95%, smaller than the maximum QQQ drawdown of -82.98%. Use the drawdown chart below to compare losses from any high point for FTEC and QQQ. For additional features, visit the drawdowns tool.
Volatility
FTEC vs. QQQ - Volatility Comparison
Fidelity MSCI Information Technology Index ETF (FTEC) has a higher volatility of 6.51% compared to Invesco QQQ (QQQ) at 5.36%. This indicates that FTEC's price experiences larger fluctuations and is considered to be riskier than QQQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.