GRNY vs. FTEC
Compare and contrast key facts about Fundstrat Granny Shots US Large Cap ETF (GRNY) and Fidelity MSCI Information Technology Index ETF (FTEC).
GRNY and FTEC are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. GRNY is an actively managed fund by Tidal ETFs. It was launched on Nov 7, 2024. 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: GRNY or FTEC.
Correlation
The correlation between GRNY and FTEC is 0.93, 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.
Performance
GRNY vs. FTEC - Performance Comparison
Key characteristics
GRNY:
32.69%
FTEC:
30.20%
GRNY:
-24.18%
FTEC:
-34.95%
GRNY:
-10.42%
FTEC:
-15.17%
Returns By Period
In the year-to-date period, GRNY achieves a -4.41% return, which is significantly higher than FTEC's -11.64% return.
GRNY
-4.41%
5.18%
N/A
N/A
N/A
N/A
FTEC
-11.64%
1.00%
-9.94%
9.11%
18.91%
18.55%
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GRNY vs. FTEC - Expense Ratio Comparison
GRNY has a 0.75% expense ratio, which is higher than FTEC's 0.08% expense ratio.
Risk-Adjusted Performance
GRNY vs. FTEC — Risk-Adjusted Performance Rank
GRNY
FTEC
GRNY vs. FTEC - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fundstrat Granny Shots US Large Cap ETF (GRNY) 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.
Not enough dataDividends
GRNY vs. FTEC - Dividend Comparison
GRNY has not paid dividends to shareholders, while FTEC's dividend yield for the trailing twelve months is around 0.55%.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GRNY Fundstrat Granny Shots US Large Cap ETF | 0.00% | 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 | 0.55% | 0.49% | 0.77% | 0.93% | 0.63% | 0.83% | 1.03% | 1.20% | 0.96% | 1.25% | 1.27% | 1.09% |
Drawdowns
GRNY vs. FTEC - Drawdown Comparison
The maximum GRNY drawdown since its inception was -24.18%, smaller than the maximum FTEC drawdown of -34.95%. Use the drawdown chart below to compare losses from any high point for GRNY and FTEC. For additional features, visit the drawdowns tool.
Volatility
GRNY vs. FTEC - Volatility Comparison
The current volatility for Fundstrat Granny Shots US Large Cap ETF (GRNY) is 17.31%, while Fidelity MSCI Information Technology Index ETF (FTEC) has a volatility of 19.26%. This indicates that GRNY 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.