GTEK vs. FTEC
Compare and contrast key facts about Goldman Sachs Future Tech Leaders Equity ETF (GTEK) and Fidelity MSCI Information Technology Index ETF (FTEC).
GTEK and FTEC are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. GTEK is an actively managed fund by Goldman Sachs. It was launched on Sep 14, 2021. 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: GTEK or FTEC.
Correlation
The correlation between GTEK 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.
Performance
GTEK vs. FTEC - Performance Comparison
Key characteristics
GTEK:
1.16
FTEC:
1.19
GTEK:
1.62
FTEC:
1.64
GTEK:
1.21
FTEC:
1.22
GTEK:
0.64
FTEC:
1.75
GTEK:
5.31
FTEC:
6.07
GTEK:
4.66%
FTEC:
4.40%
GTEK:
21.21%
FTEC:
22.46%
GTEK:
-53.77%
FTEC:
-34.95%
GTEK:
-16.47%
FTEC:
-1.20%
Returns By Period
In the year-to-date period, GTEK achieves a 9.09% return, which is significantly higher than FTEC's 2.90% return.
GTEK
9.09%
5.45%
19.56%
21.25%
N/A
N/A
FTEC
2.90%
1.87%
10.52%
26.58%
19.73%
20.37%
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GTEK vs. FTEC - Expense Ratio Comparison
GTEK has a 0.75% expense ratio, which is higher than FTEC's 0.08% expense ratio.
Risk-Adjusted Performance
GTEK vs. FTEC — Risk-Adjusted Performance Rank
GTEK
FTEC
GTEK vs. FTEC - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Goldman Sachs Future Tech Leaders Equity ETF (GTEK) 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
GTEK vs. FTEC - Dividend Comparison
GTEK 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GTEK Goldman Sachs Future Tech Leaders Equity ETF | 0.00% | 0.00% | 0.25% | 0.03% | 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
GTEK vs. FTEC - Drawdown Comparison
The maximum GTEK drawdown since its inception was -53.77%, which is greater than FTEC's maximum drawdown of -34.95%. Use the drawdown chart below to compare losses from any high point for GTEK and FTEC. For additional features, visit the drawdowns tool.
Volatility
GTEK vs. FTEC - Volatility Comparison
The current volatility for Goldman Sachs Future Tech Leaders Equity ETF (GTEK) is 5.70%, while Fidelity MSCI Information Technology Index ETF (FTEC) has a volatility of 7.86%. This indicates that GTEK 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.