FTEC vs. VOO
Compare and contrast key facts about Fidelity MSCI Information Technology Index ETF (FTEC) and Vanguard S&P 500 ETF (VOO).
FTEC and VOO 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. VOO is a passively managed fund by Vanguard that tracks the performance of the S&P 500 Index. It was launched on Sep 7, 2010. Both FTEC and VOO 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 VOO.
Performance
FTEC vs. VOO - Performance Comparison
Returns By Period
In the year-to-date period, FTEC achieves a 27.41% return, which is significantly higher than VOO's 25.52% return. Over the past 10 years, FTEC has outperformed VOO with an annualized return of 20.46%, while VOO has yielded a comparatively lower 13.15% annualized return.
FTEC
27.41%
1.00%
13.76%
34.77%
22.67%
20.46%
VOO
25.52%
1.19%
12.21%
32.23%
15.58%
13.15%
Key characteristics
| FTEC | VOO | |
|---|---|---|
| Sharpe Ratio | 1.59 | 2.62 |
| Sortino Ratio | 2.12 | 3.50 |
| Omega Ratio | 1.28 | 1.49 |
| Calmar Ratio | 2.20 | 3.78 |
| Martin Ratio | 7.91 | 17.12 |
| Ulcer Index | 4.25% | 1.86% |
| Daily Std Dev | 21.11% | 12.19% |
| Max Drawdown | -34.95% | -33.99% |
| Current Drawdown | -2.02% | -1.36% |
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FTEC vs. VOO - Expense Ratio Comparison
FTEC has a 0.08% expense ratio, which is higher than VOO's 0.03% 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 VOO 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. VOO - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity MSCI Information Technology Index ETF (FTEC) and Vanguard S&P 500 ETF (VOO). 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. VOO - Dividend Comparison
FTEC's dividend yield for the trailing twelve months is around 0.62%, less than VOO's 1.25% 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% |
VOO Vanguard S&P 500 ETF | 1.25% | 1.46% | 1.69% | 1.25% | 1.54% | 1.88% | 2.06% | 1.78% | 2.02% | 2.10% | 1.85% | 1.84% |
Drawdowns
FTEC vs. VOO - Drawdown Comparison
The maximum FTEC drawdown since its inception was -34.95%, roughly equal to the maximum VOO drawdown of -33.99%. Use the drawdown chart below to compare losses from any high point for FTEC and VOO. For additional features, visit the drawdowns tool.
Volatility
FTEC vs. VOO - Volatility Comparison
Fidelity MSCI Information Technology Index ETF (FTEC) has a higher volatility of 6.64% compared to Vanguard S&P 500 ETF (VOO) at 4.10%. This indicates that FTEC's price experiences larger fluctuations and is considered to be riskier than VOO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.