GTEC vs. FTEC
Compare and contrast key facts about Greenland Technologies Holding Corporation (GTEC) 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: GTEC or FTEC.
Correlation
The correlation between GTEC and FTEC is 0.13, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Performance
GTEC vs. FTEC - Performance Comparison
Key characteristics
GTEC:
-0.45
FTEC:
1.19
GTEC:
-0.23
FTEC:
1.64
GTEC:
0.97
FTEC:
1.22
GTEC:
-0.45
FTEC:
1.75
GTEC:
-0.90
FTEC:
6.07
GTEC:
45.83%
FTEC:
4.40%
GTEC:
91.63%
FTEC:
22.46%
GTEC:
-92.49%
FTEC:
-34.95%
GTEC:
-87.70%
FTEC:
-1.20%
Returns By Period
In the year-to-date period, GTEC achieves a 0.52% return, which is significantly lower than FTEC's 2.90% return.
GTEC
0.52%
4.28%
-13.33%
-47.15%
-8.55%
N/A
FTEC
2.90%
2.66%
12.02%
25.30%
19.87%
20.49%
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Risk-Adjusted Performance
GTEC vs. FTEC — Risk-Adjusted Performance Rank
GTEC
FTEC
GTEC vs. FTEC - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Greenland Technologies Holding Corporation (GTEC) 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
GTEC vs. FTEC - Dividend Comparison
GTEC has not paid dividends to shareholders, while FTEC's dividend yield for the trailing twelve months is around 0.48%.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GTEC Greenland Technologies Holding Corporation | 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 | 0.48% | 0.49% | 0.77% | 0.93% | 0.63% | 0.83% | 1.03% | 1.20% | 0.96% | 1.25% | 1.27% | 1.09% |
Drawdowns
GTEC vs. FTEC - Drawdown Comparison
The maximum GTEC drawdown since its inception was -92.49%, which is greater than FTEC's maximum drawdown of -34.95%. Use the drawdown chart below to compare losses from any high point for GTEC and FTEC. For additional features, visit the drawdowns tool.
Volatility
GTEC vs. FTEC - Volatility Comparison
Greenland Technologies Holding Corporation (GTEC) has a higher volatility of 31.15% compared to Fidelity MSCI Information Technology Index ETF (FTEC) at 7.86%. This indicates that GTEC'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.