RFAYX vs. FTEC
Compare and contrast key facts about Russell Investments Investment Grade Bond Fund (RFAYX) and Fidelity MSCI Information Technology Index ETF (FTEC).
RFAYX is managed by Russell. It was launched on Mar 29, 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.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: RFAYX or FTEC.
Key characteristics
| RFAYX | FTEC | |
|---|---|---|
| YTD Return | 2.09% | 29.38% |
| 1Y Return | 8.38% | 40.63% |
| 3Y Return (Ann) | -2.89% | 12.64% |
| 5Y Return (Ann) | -0.15% | 23.09% |
| 10Y Return (Ann) | 1.50% | 20.71% |
| Sharpe Ratio | 1.48 | 2.08 |
| Sortino Ratio | 2.17 | 2.67 |
| Omega Ratio | 1.26 | 1.36 |
| Calmar Ratio | 0.50 | 2.90 |
| Martin Ratio | 5.32 | 10.44 |
| Ulcer Index | 1.61% | 4.23% |
| Daily Std Dev | 5.79% | 21.12% |
| Max Drawdown | -19.36% | -34.95% |
| Current Drawdown | -10.23% | -0.51% |
Correlation
The correlation between RFAYX and FTEC is -0.08. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.
Performance
RFAYX vs. FTEC - Performance Comparison
In the year-to-date period, RFAYX achieves a 2.09% return, which is significantly lower than FTEC's 29.38% return. Over the past 10 years, RFAYX has underperformed FTEC with an annualized return of 1.50%, while FTEC has yielded a comparatively higher 20.71% 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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RFAYX vs. FTEC - Expense Ratio Comparison
RFAYX has a 0.32% expense ratio, which is higher than FTEC's 0.08% expense ratio.
Risk-Adjusted Performance
RFAYX vs. FTEC - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Russell Investments Investment Grade Bond Fund (RFAYX) 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
RFAYX vs. FTEC - Dividend Comparison
RFAYX's dividend yield for the trailing twelve months is around 3.49%, more than FTEC's 0.61% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
RFAYX Russell Investments Investment Grade Bond Fund | 3.49% | 4.07% | 1.26% | 2.16% | 1.68% | 3.46% | 2.68% | 1.58% | 2.48% | 2.00% | 3.52% | 1.20% |
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
RFAYX vs. FTEC - Drawdown Comparison
The maximum RFAYX drawdown since its inception was -19.36%, smaller than the maximum FTEC drawdown of -34.95%. Use the drawdown chart below to compare losses from any high point for RFAYX and FTEC. For additional features, visit the drawdowns tool.
Volatility
RFAYX vs. FTEC - Volatility Comparison
The current volatility for Russell Investments Investment Grade Bond Fund (RFAYX) is 1.52%, while Fidelity MSCI Information Technology Index ETF (FTEC) has a volatility of 6.38%. This indicates that RFAYX 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.