NASDX vs. FTEC
Compare and contrast key facts about Shelton Capital Management Nasdaq-100 Index Fund Direct Shares (NASDX) and Fidelity MSCI Information Technology Index ETF (FTEC).
NASDX is a passively managed fund by Blackrock that tracks the performance of the NASDAQ-100 Index. It was launched on Jan 18, 2000. 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. Both NASDX and FTEC are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: NASDX or FTEC.
Performance
NASDX vs. FTEC - Performance Comparison
Returns By Period
In the year-to-date period, NASDX achieves a 23.68% return, which is significantly lower than FTEC's 28.81% return. Over the past 10 years, NASDX has underperformed FTEC with an annualized return of 15.03%, while FTEC has yielded a comparatively higher 20.49% annualized return.
NASDX
23.68%
1.81%
11.56%
21.08%
16.10%
15.03%
FTEC
28.81%
2.24%
14.99%
35.65%
22.92%
20.49%
Key characteristics
| NASDX | FTEC | |
|---|---|---|
| Sharpe Ratio | 1.14 | 1.72 |
| Sortino Ratio | 1.52 | 2.26 |
| Omega Ratio | 1.22 | 1.31 |
| Calmar Ratio | 1.43 | 2.38 |
| Martin Ratio | 5.30 | 8.54 |
| Ulcer Index | 4.07% | 4.25% |
| Daily Std Dev | 19.04% | 21.11% |
| Max Drawdown | -81.69% | -34.95% |
| Current Drawdown | -1.74% | -0.95% |
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NASDX vs. FTEC - Expense Ratio Comparison
NASDX has a 0.63% expense ratio, which is higher than FTEC's 0.08% expense ratio.
Correlation
The correlation between NASDX and FTEC is 0.96, 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.
Risk-Adjusted Performance
NASDX vs. FTEC - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Shelton Capital Management Nasdaq-100 Index Fund Direct Shares (NASDX) 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
NASDX vs. FTEC - Dividend Comparison
NASDX's dividend yield for the trailing twelve months is around 0.38%, less than FTEC's 0.61% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
NASDX Shelton Capital Management Nasdaq-100 Index Fund Direct Shares | 0.38% | 0.45% | 0.50% | 0.15% | 0.37% | 0.47% | 0.94% | 1.35% | 0.75% | 0.86% | 1.02% | 0.72% |
FTEC Fidelity MSCI Information Technology Index ETF | 0.61% | 0.77% | 0.93% | 0.63% | 0.83% | 1.03% | 1.20% | 0.96% | 1.25% | 1.27% | 1.09% | 0.18% |
Drawdowns
NASDX vs. FTEC - Drawdown Comparison
The maximum NASDX drawdown since its inception was -81.69%, which is greater than FTEC's maximum drawdown of -34.95%. Use the drawdown chart below to compare losses from any high point for NASDX and FTEC. For additional features, visit the drawdowns tool.
Volatility
NASDX vs. FTEC - Volatility Comparison
The current volatility for Shelton Capital Management Nasdaq-100 Index Fund Direct Shares (NASDX) is 5.38%, while Fidelity MSCI Information Technology Index ETF (FTEC) has a volatility of 6.51%. This indicates that NASDX 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.