IMCV vs. FTEC
Compare and contrast key facts about iShares Morningstar Mid-Cap ETF (IMCV) and Fidelity MSCI Information Technology Index ETF (FTEC).
IMCV and FTEC are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. IMCV is a passively managed fund by iShares that tracks the performance of the Morningstar US Mid Cap Broad Value Index. 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 IMCV 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: IMCV or FTEC.
Key characteristics
| IMCV | FTEC | |
|---|---|---|
| YTD Return | 19.53% | 29.38% |
| 1Y Return | 35.58% | 40.63% |
| 3Y Return (Ann) | 7.87% | 12.64% |
| 5Y Return (Ann) | 10.57% | 23.09% |
| 10Y Return (Ann) | 9.50% | 20.71% |
| Sharpe Ratio | 2.92 | 2.08 |
| Sortino Ratio | 4.13 | 2.67 |
| Omega Ratio | 1.52 | 1.36 |
| Calmar Ratio | 0.37 | 2.90 |
| Martin Ratio | 18.64 | 10.44 |
| Ulcer Index | 1.98% | 4.23% |
| Daily Std Dev | 12.65% | 21.12% |
| Max Drawdown | -100.00% | -34.95% |
| Current Drawdown | -99.99% | -0.51% |
Correlation
The correlation between IMCV and FTEC is 0.61, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
IMCV vs. FTEC - Performance Comparison
In the year-to-date period, IMCV achieves a 19.53% return, which is significantly lower than FTEC's 29.38% return. Over the past 10 years, IMCV has underperformed FTEC with an annualized return of 9.50%, while FTEC has yielded a comparatively higher 20.71% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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IMCV vs. FTEC - Expense Ratio Comparison
IMCV has a 0.06% 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%.
Risk-Adjusted Performance
IMCV vs. FTEC - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Morningstar Mid-Cap ETF (IMCV) 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
IMCV vs. FTEC - Dividend Comparison
IMCV's dividend yield for the trailing twelve months is around 2.15%, more than FTEC's 0.61% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IMCV iShares Morningstar Mid-Cap ETF | 2.15% | 2.30% | 2.36% | 1.86% | 2.61% | 2.45% | 2.61% | 1.87% | 2.09% | 2.29% | 1.95% | 1.87% |
FTEC Fidelity MSCI Information Technology Index ETF | 0.61% | 0.77% | 0.93% | 0.63% | 0.83% | 1.03% | 1.20% | 0.96% | 1.25% | 1.27% | 1.09% | 0.18% |
Drawdowns
IMCV vs. FTEC - Drawdown Comparison
The maximum IMCV drawdown since its inception was -100.00%, which is greater than FTEC's maximum drawdown of -34.95%. Use the drawdown chart below to compare losses from any high point for IMCV and FTEC. For additional features, visit the drawdowns tool.
Volatility
IMCV vs. FTEC - Volatility Comparison
The current volatility for iShares Morningstar Mid-Cap ETF (IMCV) is 3.75%, while Fidelity MSCI Information Technology Index ETF (FTEC) has a volatility of 6.38%. This indicates that IMCV 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.