FTEC vs. RAAX
FTEC (Fidelity MSCI Information Technology Index ETF) and RAAX (VanEck Inflation Allocation ETF) are both exchange-traded funds - FTEC is a Technology Equities fund tracking the MSCI USA IMI Information Technology 25/50 Index, while RAAX is a Diversified Portfolio fund actively managed by VanEck. FTEC is passively managed, while RAAX is actively managed. Over the past 5 years, FTEC returned 20.63%/yr vs 13.17%/yr for RAAX. At a 0.37 correlation, their price movements are largely independent. FTEC charges 0.08%/yr vs 0.78%/yr for RAAX.
Performance
FTEC vs. RAAX - Performance Comparison
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Returns By Period
In the year-to-date period, FTEC achieves a 24.27% return, which is significantly higher than RAAX's 17.64% return.
FTEC
- 1D
- 0.61%
- 1M
- 3.09%
- YTD
- 24.27%
- 6M
- 24.36%
- 1Y
- 51.03%
- 3Y*
- 30.29%
- 5Y*
- 20.63%
- 10Y*
- 24.98%
RAAX
- 1D
- 2.26%
- 1M
- -1.84%
- YTD
- 17.64%
- 6M
- 17.56%
- 1Y
- 32.08%
- 3Y*
- 21.35%
- 5Y*
- 13.17%
- 10Y*
- —
FTEC vs. RAAX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
FTEC Fidelity MSCI Information Technology Index ETF | 24.27% | 22.11% | 29.40% | 53.30% | -29.59% | 30.49% | 45.83% | 48.93% | -2.72% |
RAAX VanEck Inflation Allocation ETF | 17.64% | 26.74% | 12.50% | 6.71% | 1.51% | 21.56% | -8.27% | 6.14% | -2.41% |
Correlation
The correlation between FTEC and RAAX is 0.20, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.20 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.26 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.37 |
Correlation (All Time) Calculated using the full available price history since Apr 10, 2018 | 0.37 |
The correlation between FTEC and RAAX shifts across timeframes, from 0.20 (1 year) to 0.37 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
FTEC vs. RAAX — Risk / Return Rank
FTEC
RAAX
FTEC vs. RAAX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity MSCI Information Technology Index ETF (FTEC) and VanEck Inflation Allocation ETF (RAAX). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| FTEC | RAAX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.15 | ||
| Sortino ratioReturn per unit of downside risk | -0.34 | ||
| Omega ratioGain probability vs. loss probability | 1.37 | 1.43 | -0.06 |
| Calmar ratioReturn relative to maximum drawdown | 3.00 | 4.68 | -1.68 |
| Martin ratioReturn relative to average drawdown | 9.36 | 16.90 | -7.54 |
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Drawdowns
FTEC vs. RAAX - Drawdown Comparison
The maximum FTEC drawdown since its inception was -34.95%, roughly equal to the maximum RAAX drawdown of -33.91%. Use the drawdown chart below to compare losses from any high point for FTEC and RAAX.
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Drawdown Indicators
| FTEC | RAAX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -34.95% | -33.91% | -1.04% |
Max Drawdown (1Y)Largest decline over 1 year | -16.26% | -7.17% | -9.09% |
Max Drawdown (3Y)Largest decline over 3 years | -27.30% | -11.59% | -15.71% |
Max Drawdown (5Y)Largest decline over 5 years | -34.95% | -23.55% | -11.40% |
Max Drawdown (10Y)Largest decline over 10 years | -34.95% | — | — |
Current DrawdownCurrent decline from peak | -7.18% | -3.77% | -3.41% |
Average DrawdownAverage peak-to-trough decline | -5.57% | -6.77% | +1.20% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.21% | 1.98% | +3.23% |
Volatility
FTEC vs. RAAX - Volatility Comparison
Fidelity MSCI Information Technology Index ETF (FTEC) has a higher volatility of 10.02% compared to VanEck Inflation Allocation ETF (RAAX) at 4.67%. This indicates that FTEC's price experiences larger fluctuations and is considered to be riskier than RAAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FTEC | RAAX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.02% | 4.67% | +5.35% |
Volatility (6M)Calculated over the trailing 6-month period | 18.06% | 12.21% | +5.85% |
Volatility (1Y)Calculated over the trailing 1-year period | 22.07% | 14.18% | +7.89% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 25.45% | 15.70% | +9.75% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 24.81% | 15.79% | +9.02% |
FTEC vs. RAAX - Expense Ratio Comparison
FTEC has a 0.08% expense ratio, which is lower than RAAX's 0.78% expense ratio.
Dividends
FTEC vs. RAAX - Dividend Comparison
FTEC's dividend yield for the trailing twelve months is around 0.34%, less than RAAX's 1.99% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FTEC Fidelity MSCI Information Technology Index ETF | 0.34% | 0.43% | 0.49% | 0.77% | 0.93% | 0.63% | 0.83% | 1.03% | 1.20% | 0.96% | 1.25% | 1.27% |
RAAX VanEck Inflation Allocation ETF | 1.99% | 2.34% | 1.91% | 3.66% | 1.53% | 8.72% | 6.27% | 2.37% | 0.56% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
FTEC and RAAX have a correlation of 0.20, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FTEC has higher volatility (10.02%) compared to RAAX (4.67%). In terms of maximum drawdown, FTEC dropped -34.95% vs RAAX's -33.91%.
On 5-year performance, FTEC leads with 20.63% vs 13.17% for RAAX. On fees, FTEC is cheaper at 0.08% per year. On volatility, RAAX has been the lower-risk option at 4.67%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, FTEC has performed better with a 20.63% return vs 13.17%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
FTEC is cheaper with a 0.08% expense ratio, compared with 0.78% for RAAX.
RAAX has the higher dividend yield at 1.99%, compared with 0.34% for FTEC.
FTEC is categorized as Technology Equities, while RAAX is Diversified Portfolio. They also come from different issuers: Fidelity and VanEck. Their fees differ too: 0.08% for FTEC and 0.78% for RAAX.
RAAX currently has the higher Sharpe Ratio (2.37 vs 2.21), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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