FTEC vs. QTEC
Compare and contrast key facts about Fidelity MSCI Information Technology Index ETF (FTEC) and First Trust NASDAQ-100 Technology Sector Index Fund (QTEC).
FTEC and QTEC are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. 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. QTEC is a passively managed fund by First Trust that tracks the performance of the NASDAQ-100 Technology Sector Index. It was launched on Apr 19, 2006. Both FTEC and QTEC 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: FTEC or QTEC.
Key characteristics
| FTEC | QTEC | |
|---|---|---|
| YTD Return | 29.50% | 12.47% |
| 1Y Return | 41.47% | 30.06% |
| 3Y Return (Ann) | 12.65% | 3.39% |
| 5Y Return (Ann) | 23.15% | 16.32% |
| 10Y Return (Ann) | 20.71% | 17.28% |
| Sharpe Ratio | 1.93 | 1.29 |
| Sortino Ratio | 2.50 | 1.78 |
| Omega Ratio | 1.34 | 1.23 |
| Calmar Ratio | 2.67 | 1.72 |
| Martin Ratio | 9.64 | 5.13 |
| Ulcer Index | 4.23% | 5.79% |
| Daily Std Dev | 21.08% | 23.09% |
| Max Drawdown | -34.95% | -58.86% |
| Current Drawdown | -0.41% | -3.93% |
Correlation
The correlation between FTEC and QTEC is 0.93, 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
FTEC vs. QTEC - Performance Comparison
In the year-to-date period, FTEC achieves a 29.50% return, which is significantly higher than QTEC's 12.47% return. Over the past 10 years, FTEC has outperformed QTEC with an annualized return of 20.71%, while QTEC has yielded a comparatively lower 17.28% annualized 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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FTEC vs. QTEC - Expense Ratio Comparison
FTEC has a 0.08% expense ratio, which is lower than QTEC's 0.57% expense ratio.
Risk-Adjusted Performance
FTEC vs. QTEC - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity MSCI Information Technology Index ETF (FTEC) and First Trust NASDAQ-100 Technology Sector Index Fund (QTEC). 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
FTEC vs. QTEC - Dividend Comparison
FTEC's dividend yield for the trailing twelve months is around 0.61%, more than QTEC's 0.04% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
QTEC First Trust NASDAQ-100 Technology Sector Index Fund | 0.04% | 0.14% | 0.15% | 0.02% | 0.44% | 0.68% | 0.91% | 0.80% | 1.29% | 0.99% | 1.22% | 0.72% |
Drawdowns
FTEC vs. QTEC - Drawdown Comparison
The maximum FTEC drawdown since its inception was -34.95%, smaller than the maximum QTEC drawdown of -58.86%. Use the drawdown chart below to compare losses from any high point for FTEC and QTEC. For additional features, visit the drawdowns tool.
Volatility
FTEC vs. QTEC - Volatility Comparison
The current volatility for Fidelity MSCI Information Technology Index ETF (FTEC) is 6.28%, while First Trust NASDAQ-100 Technology Sector Index Fund (QTEC) has a volatility of 7.38%. This indicates that FTEC experiences smaller price fluctuations and is considered to be less risky than QTEC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.