GNOM vs. FTEC
Compare and contrast key facts about Global X Genomics & Biotechnology ETF (GNOM) and Fidelity MSCI Information Technology Index ETF (FTEC).
GNOM and FTEC are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. GNOM is a passively managed fund by Global X that tracks the performance of the Solactive Genomics Index. It was launched on Apr 5, 2019. 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. Both GNOM and FTEC 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: GNOM or FTEC.
Performance
GNOM vs. FTEC - Performance Comparison
Returns By Period
In the year-to-date period, GNOM achieves a -15.04% return, which is significantly lower than FTEC's 27.41% return.
GNOM
-15.04%
-8.82%
-9.33%
-4.66%
-7.55%
N/A
FTEC
27.41%
1.00%
13.76%
34.77%
22.67%
20.46%
Key characteristics
| GNOM | FTEC | |
|---|---|---|
| Sharpe Ratio | -0.24 | 1.59 |
| Sortino Ratio | -0.16 | 2.12 |
| Omega Ratio | 0.98 | 1.28 |
| Calmar Ratio | -0.10 | 2.20 |
| Martin Ratio | -0.63 | 7.91 |
| Ulcer Index | 10.79% | 4.25% |
| Daily Std Dev | 28.18% | 21.11% |
| Max Drawdown | -68.54% | -34.95% |
| Current Drawdown | -64.78% | -2.02% |
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GNOM vs. FTEC - Expense Ratio Comparison
GNOM has a 0.50% expense ratio, which is higher than FTEC's 0.08% expense ratio.
Correlation
The correlation between GNOM and FTEC is 0.60, 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.
Risk-Adjusted Performance
GNOM vs. FTEC - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Global X Genomics & Biotechnology ETF (GNOM) 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.
Dividends
GNOM vs. FTEC - Dividend Comparison
GNOM has not paid dividends to shareholders, while FTEC's dividend yield for the trailing twelve months is around 0.62%.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GNOM Global X Genomics & Biotechnology ETF | 0.00% | 0.00% | 0.00% | 0.04% | 0.14% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
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% |
Drawdowns
GNOM vs. FTEC - Drawdown Comparison
The maximum GNOM drawdown since its inception was -68.54%, which is greater than FTEC's maximum drawdown of -34.95%. Use the drawdown chart below to compare losses from any high point for GNOM and FTEC. For additional features, visit the drawdowns tool.
Volatility
GNOM vs. FTEC - Volatility Comparison
Global X Genomics & Biotechnology ETF (GNOM) has a higher volatility of 8.51% compared to Fidelity MSCI Information Technology Index ETF (FTEC) at 6.64%. This indicates that GNOM's price experiences larger fluctuations and is considered to be riskier than FTEC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.