MORN vs. FTEC
Compare and contrast key facts about Morningstar, Inc. (MORN) 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: MORN or FTEC.
Correlation
The correlation between MORN and FTEC is 0.52, 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
MORN vs. FTEC - Performance Comparison
Key characteristics
MORN:
0.98
FTEC:
1.38
MORN:
1.62
FTEC:
1.87
MORN:
1.20
FTEC:
1.25
MORN:
1.04
FTEC:
1.95
MORN:
4.83
FTEC:
6.99
MORN:
4.38%
FTEC:
4.26%
MORN:
21.61%
FTEC:
21.59%
MORN:
-67.92%
FTEC:
-34.95%
MORN:
-5.93%
FTEC:
-3.97%
Returns By Period
In the year-to-date period, MORN achieves a 18.55% return, which is significantly lower than FTEC's 29.42% return. Over the past 10 years, MORN has underperformed FTEC with an annualized return of 18.94%, while FTEC has yielded a comparatively higher 20.47% annualized return.
MORN
18.55%
0.94%
18.09%
20.50%
17.83%
18.94%
FTEC
29.42%
2.92%
6.00%
29.18%
21.86%
20.47%
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Risk-Adjusted Performance
MORN vs. FTEC - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Morningstar, Inc. (MORN) 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
MORN vs. FTEC - Dividend Comparison
MORN's dividend yield for the trailing twelve months is around 0.48%, more than FTEC's 0.37% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MORN Morningstar, Inc. | 0.48% | 0.52% | 0.66% | 0.28% | 0.65% | 0.74% | 0.91% | 0.95% | 1.20% | 0.95% | 1.05% | 0.48% |
FTEC Fidelity MSCI Information Technology Index ETF | 0.37% | 0.77% | 0.93% | 0.63% | 0.83% | 1.03% | 1.20% | 0.96% | 1.25% | 1.27% | 1.09% | 0.18% |
Drawdowns
MORN vs. FTEC - Drawdown Comparison
The maximum MORN drawdown since its inception was -67.92%, which is greater than FTEC's maximum drawdown of -34.95%. Use the drawdown chart below to compare losses from any high point for MORN and FTEC. For additional features, visit the drawdowns tool.
Volatility
MORN vs. FTEC - Volatility Comparison
Morningstar, Inc. (MORN) and Fidelity MSCI Information Technology Index ETF (FTEC) have volatilities of 5.64% and 5.52%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.