JCTR vs. FTEC
Compare and contrast key facts about JPMorgan Carbon Transition U.S. Equity ETF (JCTR) and Fidelity MSCI Information Technology Index ETF (FTEC).
JCTR and FTEC are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. JCTR is a passively managed fund by JPMorgan Chase that tracks the performance of the JPMorgan Asset Management Carbon Transition U.S. Equity Index. It was launched on Dec 9, 2020. 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 JCTR 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: JCTR or FTEC.
Key characteristics
| JCTR | FTEC | |
|---|---|---|
| YTD Return | 6.84% | 4.50% |
| 1Y Return | 26.03% | 34.34% |
| 3Y Return (Ann) | 8.58% | 10.38% |
| Sharpe Ratio | 2.36 | 2.03 |
| Daily Std Dev | 12.00% | 18.19% |
| Max Drawdown | -24.76% | -34.95% |
| Current Drawdown | -3.14% | -4.72% |
Correlation
The correlation between JCTR and FTEC is 0.92, 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
JCTR vs. FTEC - Performance Comparison
In the year-to-date period, JCTR achieves a 6.84% return, which is significantly higher than FTEC's 4.50% 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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JCTR vs. FTEC - Expense Ratio Comparison
JCTR has a 0.15% expense ratio, which is higher than FTEC's 0.08% expense ratio. However, 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
JCTR vs. FTEC - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for JPMorgan Carbon Transition U.S. Equity ETF (JCTR) 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
JCTR vs. FTEC - Dividend Comparison
JCTR's dividend yield for the trailing twelve months is around 1.78%, more than FTEC's 0.74% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
JCTR JPMorgan Carbon Transition U.S. Equity ETF | 1.78% | 1.88% | 1.53% | 1.13% | 0.13% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
FTEC Fidelity MSCI Information Technology Index ETF | 0.74% | 0.77% | 0.93% | 0.63% | 0.83% | 1.03% | 1.20% | 0.96% | 1.25% | 1.27% | 1.09% | 0.18% |
Drawdowns
JCTR vs. FTEC - Drawdown Comparison
The maximum JCTR drawdown since its inception was -24.76%, smaller than the maximum FTEC drawdown of -34.95%. Use the drawdown chart below to compare losses from any high point for JCTR and FTEC. For additional features, visit the drawdowns tool.
Volatility
JCTR vs. FTEC - Volatility Comparison
The current volatility for JPMorgan Carbon Transition U.S. Equity ETF (JCTR) is 3.66%, while Fidelity MSCI Information Technology Index ETF (FTEC) has a volatility of 6.17%. This indicates that JCTR 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.