MRGAX vs. FTEC
Compare and contrast key facts about MFS Core Equity Fund (MRGAX) and Fidelity MSCI Information Technology Index ETF (FTEC).
MRGAX is managed by MFS. It was launched on Jan 2, 1996. FTEC is a passively managed fund by Fidelity that tracks the performance of the MSCI USA IMI Information Technology 25/50 Index. It was launched on Oct 21, 2013.
Performance
MRGAX vs. FTEC - Performance Comparison
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MRGAX vs. FTEC - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
MRGAX MFS Core Equity Fund | -6.85% | 12.33% | 20.01% | 22.88% | -17.24% | 25.26% | 18.56% | 34.66% | -4.12% | 23.79% |
FTEC Fidelity MSCI Information Technology Index ETF | -7.30% | 22.11% | 29.40% | 53.30% | -29.59% | 30.49% | 45.83% | 48.93% | -0.39% | 36.83% |
Returns By Period
In the year-to-date period, MRGAX achieves a -6.85% return, which is significantly higher than FTEC's -7.30% return. Over the past 10 years, MRGAX has underperformed FTEC with an annualized return of 12.79%, while FTEC has yielded a comparatively higher 21.13% annualized return.
MRGAX
- 1D
- -0.28%
- 1M
- -7.55%
- YTD
- -6.85%
- 6M
- -5.68%
- 1Y
- 9.53%
- 3Y*
- 13.48%
- 5Y*
- 8.62%
- 10Y*
- 12.79%
FTEC
- 1D
- 4.32%
- 1M
- -3.83%
- YTD
- -7.30%
- 6M
- -6.15%
- 1Y
- 29.59%
- 3Y*
- 22.94%
- 5Y*
- 14.76%
- 10Y*
- 21.13%
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MRGAX vs. FTEC - Expense Ratio Comparison
MRGAX has a 0.93% expense ratio, which is higher than FTEC's 0.08% expense ratio.
Return for Risk
MRGAX vs. FTEC — Risk / Return Rank
MRGAX
FTEC
MRGAX vs. FTEC - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for MFS Core Equity Fund (MRGAX) 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.
| MRGAX | FTEC | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.55 | 1.08 | -0.53 |
Sortino ratioReturn per unit of downside risk | 0.91 | 1.66 | -0.75 |
Omega ratioGain probability vs. loss probability | 1.13 | 1.23 | -0.10 |
Calmar ratioReturn relative to maximum drawdown | 0.64 | 1.81 | -1.17 |
Martin ratioReturn relative to average drawdown | 2.80 | 5.63 | -2.83 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| MRGAX | FTEC | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.55 | 1.08 | -0.53 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.52 | 0.59 | -0.07 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.72 | 0.86 | -0.14 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.52 | 0.85 | -0.33 |
Correlation
The correlation between MRGAX and FTEC is 0.88, 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.
Dividends
MRGAX vs. FTEC - Dividend Comparison
MRGAX's dividend yield for the trailing twelve months is around 14.60%, more than FTEC's 0.46% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MRGAX MFS Core Equity Fund | 14.60% | 13.60% | 8.21% | 2.54% | 3.83% | 7.28% | 1.54% | 3.20% | 11.09% | 6.27% | 3.65% | 11.02% |
FTEC Fidelity MSCI Information Technology Index ETF | 0.46% | 0.43% | 0.49% | 0.77% | 0.93% | 0.63% | 0.83% | 1.03% | 1.20% | 0.96% | 1.25% | 1.27% |
Drawdowns
MRGAX vs. FTEC - Drawdown Comparison
The maximum MRGAX drawdown since its inception was -54.04%, which is greater than FTEC's maximum drawdown of -34.95%. Use the drawdown chart below to compare losses from any high point for MRGAX and FTEC.
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Drawdown Indicators
| MRGAX | FTEC | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -54.04% | -34.95% | -19.09% |
Max Drawdown (1Y)Largest decline over 1 year | -12.07% | -16.26% | +4.19% |
Max Drawdown (5Y)Largest decline over 5 years | -23.08% | -34.95% | +11.87% |
Max Drawdown (10Y)Largest decline over 10 years | -33.41% | -34.95% | +1.54% |
Current DrawdownCurrent decline from peak | -9.53% | -12.65% | +3.12% |
Average DrawdownAverage peak-to-trough decline | -8.31% | -5.61% | -2.70% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.77% | 5.22% | -2.45% |
Volatility
MRGAX vs. FTEC - Volatility Comparison
The current volatility for MFS Core Equity Fund (MRGAX) is 4.41%, while Fidelity MSCI Information Technology Index ETF (FTEC) has a volatility of 7.97%. This indicates that MRGAX 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.
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Volatility by Period
| MRGAX | FTEC | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.41% | 7.97% | -3.56% |
Volatility (6M)Calculated over the trailing 6-month period | 9.19% | 16.35% | -7.16% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.09% | 27.51% | -9.42% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.75% | 25.12% | -8.37% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.77% | 24.57% | -6.80% |