QTUM vs. FTEC
Compare and contrast key facts about Defiance Quantum ETF (QTUM) and Fidelity MSCI Information Technology Index ETF (FTEC).
QTUM and FTEC are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. QTUM is a passively managed fund by Defiance ETFs that tracks the performance of the BlueStar Machine Learning and Quantum Computing Index. It was launched on Sep 5, 2018. 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 QTUM 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: QTUM or FTEC.
Key characteristics
| QTUM | FTEC | |
|---|---|---|
| YTD Return | 22.68% | 28.96% |
| 1Y Return | 34.22% | 37.69% |
| 3Y Return (Ann) | 6.47% | 12.48% |
| 5Y Return (Ann) | 19.75% | 22.84% |
| Sharpe Ratio | 1.78 | 1.94 |
| Sortino Ratio | 2.41 | 2.51 |
| Omega Ratio | 1.31 | 1.34 |
| Calmar Ratio | 2.27 | 2.68 |
| Martin Ratio | 6.98 | 9.66 |
| Ulcer Index | 5.58% | 4.23% |
| Daily Std Dev | 21.90% | 21.08% |
| Max Drawdown | -38.45% | -34.95% |
| Current Drawdown | -1.05% | -0.83% |
Correlation
The correlation between QTUM and FTEC is 0.87, 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
QTUM vs. FTEC - Performance Comparison
In the year-to-date period, QTUM achieves a 22.68% return, which is significantly lower than FTEC's 28.96% 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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QTUM vs. FTEC - Expense Ratio Comparison
QTUM has a 0.40% expense ratio, which is higher than FTEC's 0.08% expense ratio.
Risk-Adjusted Performance
QTUM vs. FTEC - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Defiance Quantum ETF (QTUM) 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
QTUM vs. FTEC - Dividend Comparison
QTUM's dividend yield for the trailing twelve months is around 0.76%, more than FTEC's 0.61% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
QTUM Defiance Quantum ETF | 0.76% | 0.81% | 1.46% | 0.48% | 0.45% | 0.61% | 0.21% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
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
QTUM vs. FTEC - Drawdown Comparison
The maximum QTUM drawdown since its inception was -38.45%, which is greater than FTEC's maximum drawdown of -34.95%. Use the drawdown chart below to compare losses from any high point for QTUM and FTEC. For additional features, visit the drawdowns tool.
Volatility
QTUM vs. FTEC - Volatility Comparison
Defiance Quantum ETF (QTUM) and Fidelity MSCI Information Technology Index ETF (FTEC) have volatilities of 6.32% and 6.03%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.