GOOGL vs. FTEC
Compare and contrast key facts about Alphabet Inc. (GOOGL) and Fidelity MSCI Information Technology Index ETF (FTEC).
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: GOOGL or FTEC.
Performance
GOOGL vs. FTEC - Performance Comparison
Returns By Period
The year-to-date returns for both investments are quite close, with GOOGL having a 24.93% return and FTEC slightly higher at 25.95%. Both investments have delivered pretty close results over the past 10 years, with GOOGL having a 20.49% annualized return and FTEC not far behind at 20.35%.
GOOGL
24.93%
6.53%
-0.87%
28.98%
21.66%
20.49%
FTEC
25.95%
0.40%
14.12%
33.92%
22.10%
20.35%
Key characteristics
| GOOGL | FTEC | |
|---|---|---|
| Sharpe Ratio | 1.03 | 1.60 |
| Sortino Ratio | 1.53 | 2.13 |
| Omega Ratio | 1.20 | 1.29 |
| Calmar Ratio | 1.24 | 2.22 |
| Martin Ratio | 3.10 | 7.99 |
| Ulcer Index | 8.85% | 4.24% |
| Daily Std Dev | 26.57% | 21.16% |
| Max Drawdown | -65.29% | -34.95% |
| Current Drawdown | -8.82% | -3.14% |
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Correlation
The correlation between GOOGL and FTEC is 0.72, 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
GOOGL vs. FTEC - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Alphabet Inc. (GOOGL) 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
GOOGL vs. FTEC - Dividend Comparison
GOOGL's dividend yield for the trailing twelve months is around 0.23%, less than FTEC's 0.62% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GOOGL Alphabet Inc. | 0.23% | 0.00% | 0.00% | 0.00% | 0.00% | 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
GOOGL vs. FTEC - Drawdown Comparison
The maximum GOOGL drawdown since its inception was -65.29%, which is greater than FTEC's maximum drawdown of -34.95%. Use the drawdown chart below to compare losses from any high point for GOOGL and FTEC. For additional features, visit the drawdowns tool.
Volatility
GOOGL vs. FTEC - Volatility Comparison
Alphabet Inc. (GOOGL) has a higher volatility of 7.55% compared to Fidelity MSCI Information Technology Index ETF (FTEC) at 6.56%. This indicates that GOOGL'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.