MRAD vs. FTEC
Compare and contrast key facts about SmartETFs Advertising & Marketing Technology ETF (MRAD) and Fidelity MSCI Information Technology Index ETF (FTEC).
MRAD and FTEC are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. MRAD is an actively managed fund by Guinness Atkinson Asset Management. It was launched on Dec 31, 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.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: MRAD or FTEC.
Key characteristics
| MRAD | FTEC | |
|---|---|---|
| YTD Return | -0.23% | 10.37% |
| 1Y Return | 7.60% | 34.27% |
| 3Y Return (Ann) | -14.57% | 15.20% |
| Sharpe Ratio | 0.40 | 2.01 |
| Daily Std Dev | 20.87% | 18.38% |
| Max Drawdown | -64.24% | -34.95% |
| Current Drawdown | -51.78% | -0.72% |
Correlation
The correlation between MRAD and FTEC is 0.80, 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
MRAD vs. FTEC - Performance Comparison
In the year-to-date period, MRAD achieves a -0.23% return, which is significantly lower than FTEC's 10.37% 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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MRAD vs. FTEC - Expense Ratio Comparison
MRAD has a 0.68% expense ratio, which is higher than FTEC's 0.08% expense ratio.
Risk-Adjusted Performance
MRAD vs. FTEC - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for SmartETFs Advertising & Marketing Technology ETF (MRAD) 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
MRAD vs. FTEC - Dividend Comparison
MRAD has not paid dividends to shareholders, while FTEC's dividend yield for the trailing twelve months is around 0.70%.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MRAD SmartETFs Advertising & Marketing Technology ETF | 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 | 0.70% | 0.77% | 0.93% | 0.63% | 0.83% | 1.03% | 1.20% | 0.96% | 1.25% | 1.27% | 1.09% | 0.18% |
Drawdowns
MRAD vs. FTEC - Drawdown Comparison
The maximum MRAD drawdown since its inception was -64.24%, which is greater than FTEC's maximum drawdown of -34.95%. Use the drawdown chart below to compare losses from any high point for MRAD and FTEC. For additional features, visit the drawdowns tool.
Volatility
MRAD vs. FTEC - Volatility Comparison
SmartETFs Advertising & Marketing Technology ETF (MRAD) has a higher volatility of 6.57% compared to Fidelity MSCI Information Technology Index ETF (FTEC) at 6.24%. This indicates that MRAD'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.