ILCG vs. FTEC
Compare and contrast key facts about iShares Morningstar Growth ETF (ILCG) and Fidelity MSCI Information Technology Index ETF (FTEC).
ILCG and FTEC are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. ILCG is a passively managed fund by iShares that tracks the performance of the Morningstar US Large-Mid Cap Broad Growth Index Gross. It was launched on Jun 28, 2004. 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 ILCG 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: ILCG or FTEC.
Performance
ILCG vs. FTEC - Performance Comparison
Returns By Period
In the year-to-date period, ILCG achieves a 30.16% return, which is significantly higher than FTEC's 25.75% return. Over the past 10 years, ILCG has underperformed FTEC with an annualized return of 15.33%, while FTEC has yielded a comparatively higher 20.32% annualized return.
ILCG
30.16%
2.17%
14.14%
37.43%
17.72%
15.33%
FTEC
25.75%
0.24%
12.54%
33.71%
22.21%
20.32%
Key characteristics
| ILCG | FTEC | |
|---|---|---|
| Sharpe Ratio | 2.20 | 1.60 |
| Sortino Ratio | 2.86 | 2.12 |
| Omega Ratio | 1.40 | 1.29 |
| Calmar Ratio | 2.92 | 2.21 |
| Martin Ratio | 11.88 | 7.94 |
| Ulcer Index | 3.15% | 4.24% |
| Daily Std Dev | 17.05% | 21.16% |
| Max Drawdown | -52.98% | -34.95% |
| Current Drawdown | -2.43% | -3.30% |
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ILCG vs. FTEC - Expense Ratio Comparison
ILCG has a 0.04% expense ratio, which is lower than FTEC's 0.08% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Correlation
The correlation between ILCG and FTEC is 0.94, 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
ILCG vs. FTEC - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Morningstar Growth ETF (ILCG) 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
ILCG vs. FTEC - Dividend Comparison
ILCG's dividend yield for the trailing twelve months is around 0.53%, less than FTEC's 0.63% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ILCG iShares Morningstar Growth ETF | 0.53% | 0.69% | 0.76% | 0.34% | 0.28% | 0.54% | 0.81% | 0.89% | 0.95% | 0.99% | 0.87% | 0.94% |
FTEC Fidelity MSCI Information Technology Index ETF | 0.63% | 0.77% | 0.93% | 0.63% | 0.83% | 1.03% | 1.20% | 0.96% | 1.25% | 1.27% | 1.09% | 0.18% |
Drawdowns
ILCG vs. FTEC - Drawdown Comparison
The maximum ILCG drawdown since its inception was -52.98%, which is greater than FTEC's maximum drawdown of -34.95%. Use the drawdown chart below to compare losses from any high point for ILCG and FTEC. For additional features, visit the drawdowns tool.
Volatility
ILCG vs. FTEC - Volatility Comparison
The current volatility for iShares Morningstar Growth ETF (ILCG) is 5.63%, while Fidelity MSCI Information Technology Index ETF (FTEC) has a volatility of 6.55%. This indicates that ILCG 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.