MSEQX vs. FTEC
Compare and contrast key facts about Morgan Stanley Growth Portfolio Class I (MSEQX) and Fidelity MSCI Information Technology Index ETF (FTEC).
MSEQX is managed by Morgan Stanley. It was launched on Apr 2, 1991. 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: MSEQX or FTEC.
Key characteristics
| MSEQX | FTEC | |
|---|---|---|
| YTD Return | 2.16% | 10.70% |
| 1Y Return | 16.50% | 23.88% |
| 3Y Return (Ann) | -19.68% | 8.65% |
| 5Y Return (Ann) | 5.71% | 20.78% |
| 10Y Return (Ann) | 10.64% | 19.24% |
| Sharpe Ratio | 0.59 | 1.06 |
| Daily Std Dev | 27.71% | 20.76% |
| Max Drawdown | -69.48% | -34.95% |
| Current Drawdown | -51.20% | -12.11% |
Correlation
The correlation between MSEQX and FTEC is 0.79, 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
MSEQX vs. FTEC - Performance Comparison
In the year-to-date period, MSEQX achieves a 2.16% return, which is significantly lower than FTEC's 10.70% return. Over the past 10 years, MSEQX has underperformed FTEC with an annualized return of 10.64%, while FTEC has yielded a comparatively higher 19.24% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
MSEQX vs. FTEC - Expense Ratio Comparison
MSEQX has a 0.56% expense ratio, which is higher than FTEC's 0.08% expense ratio.
Risk-Adjusted Performance
MSEQX vs. FTEC - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Morgan Stanley Growth Portfolio Class I (MSEQX) 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
MSEQX vs. FTEC - Dividend Comparison
MSEQX has not paid dividends to shareholders, while FTEC's dividend yield for the trailing twelve months is around 0.71%.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MSEQX Morgan Stanley Growth Portfolio Class I | 0.00% | 0.05% | 16.79% | 24.24% | 9.36% | 10.70% | 7.94% | 21.18% | 12.71% | 7.55% | 4.95% | 4.46% |
FTEC Fidelity MSCI Information Technology Index ETF | 0.71% | 0.77% | 0.93% | 0.63% | 0.83% | 1.03% | 1.20% | 0.96% | 1.25% | 1.27% | 1.09% | 0.18% |
Drawdowns
MSEQX vs. FTEC - Drawdown Comparison
The maximum MSEQX drawdown since its inception was -69.48%, which is greater than FTEC's maximum drawdown of -34.95%. Use the drawdown chart below to compare losses from any high point for MSEQX and FTEC. For additional features, visit the drawdowns tool.
Volatility
MSEQX vs. FTEC - Volatility Comparison
Morgan Stanley Growth Portfolio Class I (MSEQX) has a higher volatility of 9.11% compared to Fidelity MSCI Information Technology Index ETF (FTEC) at 8.33%. This indicates that MSEQX'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.