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FXAIX vs. FTEC

Last updated Mar 1, 2024

Compare and contrast key facts about Fidelity 500 Index Fund (FXAIX) and Fidelity MSCI Information Technology Index ETF (FTEC).

FXAIX is managed by Fidelity. 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: FXAIX or FTEC.

Key characteristics


FXAIXFTEC
YTD Return7.11%7.06%
1Y Return31.06%50.05%
3Y Return (Ann)11.04%13.17%
5Y Return (Ann)14.63%22.93%
10Y Return (Ann)12.85%20.07%
Sharpe Ratio2.462.73
Daily Std Dev12.39%17.92%
Max Drawdown-33.79%-34.95%
Current Drawdown0.00%-0.74%

Correlation

0.89
-1.001.00

The correlation between FXAIX and FTEC 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.

FXAIX vs. FTEC - Performance Comparison

The year-to-date returns for both stocks are quite close, with FXAIX having a 7.11% return and FTEC slightly lower at 7.06%. Over the past 10 years, FXAIX has underperformed FTEC with an annualized return of 12.85%, while FTEC has yielded a comparatively higher 20.07% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.


200.00%300.00%400.00%500.00%600.00%OctoberNovemberDecember2024February
255.13%
584.00%
FXAIX
FTEC

Compare stocks, funds, or ETFs


Fidelity 500 Index Fund

Fidelity MSCI Information Technology Index ETF

FXAIX vs. FTEC - Dividend Comparison

FXAIX's dividend yield for the trailing twelve months is around 1.35%, more than FTEC's 0.72% yield.


TTM20232022202120202019201820172016201520142013
FXAIX
Fidelity 500 Index Fund
1.35%1.45%1.69%1.22%1.60%2.06%2.72%1.97%2.52%2.83%2.63%1.84%
FTEC
Fidelity MSCI Information Technology Index ETF
0.72%0.77%0.93%0.63%0.83%1.03%1.20%0.96%1.25%1.27%1.09%0.18%

FXAIX vs. FTEC - Expense Ratio Comparison

FXAIX has a 0.02% expense ratio, which is lower than FTEC's 0.08% expense ratio.

0.08%
0.00%2.15%
0.02%
0.00%2.15%

FXAIX vs. FTEC - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity 500 Index Fund (FXAIX) and Fidelity MSCI Information Technology Index ETF (FTEC). 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.


Sharpe ratioSortino ratioOmega ratioCalmar ratioUlcer Index
FXAIX
Fidelity 500 Index Fund
2.46
FTEC
Fidelity MSCI Information Technology Index ETF
2.73

FXAIX vs. FTEC - Sharpe Ratio Comparison

The current FXAIX Sharpe Ratio is 2.46, which roughly equals the FTEC Sharpe Ratio of 2.73. The chart below compares the 12-month rolling Sharpe Ratio of FXAIX and FTEC.


Rolling 12-month Sharpe Ratio0.501.001.502.002.503.00OctoberNovemberDecember2024February
2.46
2.73
FXAIX
FTEC

FXAIX vs. FTEC - Drawdown Comparison

The maximum FXAIX drawdown since its inception was -33.79%, roughly equal to the maximum FTEC drawdown of -34.95%. The drawdown chart below compares losses from any high point along the way for FXAIX and FTEC


-12.00%-10.00%-8.00%-6.00%-4.00%-2.00%0.00%OctoberNovemberDecember2024February0
-0.74%
FXAIX
FTEC

FXAIX vs. FTEC - Volatility Comparison

The current volatility for Fidelity 500 Index Fund (FXAIX) is 3.91%, while Fidelity MSCI Information Technology Index ETF (FTEC) has a volatility of 5.80%. This indicates that FXAIX experiences smaller price fluctuations and is considered to be less risky than FTEC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


2.00%3.00%4.00%5.00%6.00%OctoberNovemberDecember2024February
3.91%
5.80%
FXAIX
FTEC