PEGA vs. FTEC
PEGA (Pegasystems Inc.) is a stock, while FTEC (Fidelity MSCI Information Technology Index ETF) is Technology Equities fund tracking the MSCI USA IMI Information Technology 25/50 Index. Over the past 10 years, PEGA returned 8.64%/yr vs 23.84%/yr for FTEC. Their 0.58 correlation means they have sometimes moved together and sometimes differently.
Performance
PEGA vs. FTEC - Performance Comparison
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Returns By Period
In the year-to-date period, PEGA achieves a -48.73% return, which is significantly lower than FTEC's 20.47% return. Over the past 10 years, PEGA has underperformed FTEC with an annualized return of 8.64%, while FTEC has yielded a comparatively higher 23.84% annualized return.
PEGA
- 1D
- 1.73%
- 1M
- -1.59%
- 6M
- -29.96%
- YTD
- -48.73%
- 1Y
- -46.63%
- 3Y*
- 4.75%
- 5Y*
- -13.51%
- 10Y*
- 8.64%
- ALL TIME*
- 8.19%
FTEC
- 1D
- -0.35%
- 1M
- -1.38%
- 6M
- 21.39%
- YTD
- 20.47%
- 1Y
- 35.19%
- 3Y*
- 26.88%
- 5Y*
- 18.05%
- 10Y*
- 23.84%
- ALL TIME*
- 21.45%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $82.97M | $78.72M | $94.67M | |
PEGA Pegasystems Inc. | $161.98M | $112.97M | $82.99M |
PEGA vs. FTEC - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
PEGA Pegasystems Inc. | -48.73% | 28.39% | 91.01% | 43.07% | -69.29% | -16.01% | 67.51% | 66.81% | 1.66% | 31.28% |
FTEC Fidelity MSCI Information Technology Index ETF | 20.47% | 22.11% | 29.40% | 53.30% | -29.59% | 30.49% | 45.83% | 48.93% | -0.39% | 36.83% |
Correlation
The correlation between PEGA and FTEC is 0.21, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.21 |
Correlation (3Y) Balances recent behavior with more history. | 0.41 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.53 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.58 |
Correlation (All Time) Calculated using the full available price history since Oct 24, 2013 | 0.58 |
Over the past year, the correlation between PEGA and FTEC has dropped to 0.21 - well below their long-term average of 0.58, suggesting their price drivers have been diverging.
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Return for Risk
PEGA vs. FTEC — Risk / Return Rank
PEGA
FTEC
PEGA vs. FTEC - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Pegasystems Inc. (PEGA) 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| PEGA | FTEC | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.24 | ||
| Sortino ratioReturn per unit of downside risk | -3.15 | ||
| Omega ratioGain probability vs. loss probability | 0.84 | 1.23 | -0.39 |
| Calmar ratioReturn relative to maximum drawdown | -0.79 | 1.97 | -2.75 |
| Martin ratioReturn relative to average drawdown | -1.46 | 5.31 | -6.77 |
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Drawdowns
PEGA vs. FTEC - Drawdown Comparison
The maximum PEGA drawdown since its inception was -94.81%, which is greater than FTEC's maximum drawdown of -34.95%. Use the drawdown chart below to compare losses from any high point for PEGA and FTEC.
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Drawdown Indicators
| PEGA | FTEC | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -94.81% | -34.95% | -59.86% |
Max Drawdown (1Y)Largest decline over 1 year | -60.91% | -16.26% | -44.65% |
Max Drawdown (3Y)Largest decline over 3 years | -60.91% | -27.30% | -33.61% |
Max Drawdown (5Y)Largest decline over 5 years | -78.59% | -34.95% | -43.64% |
Max Drawdown (10Y)Largest decline over 10 years | -79.21% | -34.95% | -44.26% |
Current DrawdownCurrent decline from peak | -57.86% | -10.03% | -47.83% |
Average DrawdownAverage peak-to-trough decline | -44.92% | -5.59% | -39.33% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 32.78% | 6.02% | +26.76% |
Volatility
PEGA vs. FTEC - Volatility Comparison
Pegasystems Inc. (PEGA) has a higher volatility of 22.59% compared to Fidelity MSCI Information Technology Index ETF (FTEC) at 8.49%. This indicates that PEGA'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.
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Volatility by Period
| PEGA | FTEC | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 22.59% | 8.49% | +14.10% |
Volatility (6M)Calculated over the trailing 6-month period | 42.00% | 20.19% | +21.81% |
Volatility (1Y)Calculated over the trailing 1-year period | 51.73% | 24.35% | +27.38% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 52.46% | 25.87% | +26.59% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 44.55% | 24.98% | +19.57% |
Dividends
PEGA vs. FTEC - Dividend Comparison
PEGA's dividend yield for the trailing twelve months is around 0.39%, more than FTEC's 0.37% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FTEC Fidelity MSCI Information Technology Index ETF | 0.37% | 0.43% | 0.49% | 0.77% | 0.93% | 0.63% | 0.83% | 1.03% | 1.20% | 0.96% | 1.25% | 1.27% |
PEGA Pegasystems Inc. | 0.39% | 0.15% | 0.10% | 0.25% | 0.35% | 0.11% | 0.09% | 0.15% | 0.25% | 0.25% | 0.33% | 0.44% |
Frequently Asked Questions
PEGA and FTEC have a correlation of 0.21, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
PEGA has higher volatility (22.59%) compared to FTEC (8.49%). In terms of maximum drawdown, PEGA dropped -94.81% vs FTEC's -34.95%.
FTEC currently has the higher Sharpe Ratio (1.31 vs -0.93), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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