IXN vs. FTEC
Compare and contrast key facts about iShares Global Tech ETF (IXN) and Fidelity MSCI Information Technology Index ETF (FTEC).
IXN and FTEC are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. IXN is a passively managed fund by iShares that tracks the performance of the S&P Global Information Technology Sector Index. It was launched on Nov 12, 2001. 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 IXN 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: IXN or FTEC.
Performance
IXN vs. FTEC - Performance Comparison
Returns By Period
In the year-to-date period, IXN achieves a 20.95% return, which is significantly lower than FTEC's 25.75% return. Over the past 10 years, IXN has underperformed FTEC with an annualized return of 18.99%, while FTEC has yielded a comparatively higher 20.32% annualized return.
IXN
20.95%
-1.68%
7.32%
27.68%
20.76%
18.99%
FTEC
25.75%
0.24%
12.54%
33.71%
22.21%
20.32%
Key characteristics
| IXN | FTEC | |
|---|---|---|
| Sharpe Ratio | 1.29 | 1.60 |
| Sortino Ratio | 1.78 | 2.12 |
| Omega Ratio | 1.24 | 1.29 |
| Calmar Ratio | 1.64 | 2.21 |
| Martin Ratio | 5.23 | 7.94 |
| Ulcer Index | 5.31% | 4.24% |
| Daily Std Dev | 21.50% | 21.16% |
| Max Drawdown | -55.67% | -34.95% |
| Current Drawdown | -6.27% | -3.30% |
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IXN vs. FTEC - Expense Ratio Comparison
IXN has a 0.46% expense ratio, which is higher than FTEC's 0.08% expense ratio.
Correlation
The correlation between IXN and FTEC is 0.98, 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
IXN vs. FTEC - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Global Tech ETF (IXN) 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
IXN vs. FTEC - Dividend Comparison
IXN's dividend yield for the trailing twelve months is around 0.45%, less than FTEC's 0.63% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IXN iShares Global Tech ETF | 0.45% | 0.55% | 0.81% | 0.58% | 0.63% | 1.06% | 0.94% | 0.93% | 1.03% | 1.12% | 1.14% | 1.02% |
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
IXN vs. FTEC - Drawdown Comparison
The maximum IXN drawdown since its inception was -55.67%, which is greater than FTEC's maximum drawdown of -34.95%. Use the drawdown chart below to compare losses from any high point for IXN and FTEC. For additional features, visit the drawdowns tool.
Volatility
IXN vs. FTEC - Volatility Comparison
The current volatility for iShares Global Tech ETF (IXN) is 5.57%, while Fidelity MSCI Information Technology Index ETF (FTEC) has a volatility of 6.55%. This indicates that IXN 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.