MOD vs. FTEC
Compare and contrast key facts about Modine Manufacturing Company (MOD) and Fidelity MSCI Information Technology Index ETF (FTEC).
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: MOD or FTEC.
Key characteristics
| MOD | FTEC | |
|---|---|---|
| YTD Return | 57.64% | 5.56% |
| 1Y Return | 382.62% | 37.24% |
| 3Y Return (Ann) | 79.46% | 12.62% |
| 5Y Return (Ann) | 43.96% | 20.21% |
| 10Y Return (Ann) | 19.31% | 20.05% |
| Sharpe Ratio | 6.42 | 1.99 |
| Daily Std Dev | 54.10% | 18.43% |
| Max Drawdown | -97.53% | -34.95% |
| Current Drawdown | -8.36% | -3.76% |
Correlation
The correlation between MOD and FTEC is 0.42, 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
MOD vs. FTEC - Performance Comparison
In the year-to-date period, MOD achieves a 57.64% return, which is significantly higher than FTEC's 5.56% return. Both investments have delivered pretty close results over the past 10 years, with MOD having a 19.31% annualized return and FTEC not far ahead at 20.05%. 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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Risk-Adjusted Performance
MOD vs. FTEC - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Modine Manufacturing Company (MOD) 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
MOD vs. FTEC - Dividend Comparison
MOD has not paid dividends to shareholders, while FTEC's dividend yield for the trailing twelve months is around 0.73%.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MOD Modine Manufacturing Company | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
FTEC Fidelity MSCI Information Technology Index ETF | 0.73% | 0.77% | 0.93% | 0.63% | 0.83% | 1.03% | 1.20% | 0.96% | 1.25% | 1.27% | 1.09% | 0.18% |
Drawdowns
MOD vs. FTEC - Drawdown Comparison
The maximum MOD drawdown since its inception was -97.53%, which is greater than FTEC's maximum drawdown of -34.95%. Use the drawdown chart below to compare losses from any high point for MOD and FTEC. For additional features, visit the drawdowns tool.
Volatility
MOD vs. FTEC - Volatility Comparison
Modine Manufacturing Company (MOD) has a higher volatility of 12.39% compared to Fidelity MSCI Information Technology Index ETF (FTEC) at 7.15%. This indicates that MOD's price experiences larger fluctuations and is considered to be riskier than FTEC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.