RXL vs. FTEC
Compare and contrast key facts about ProShares Ultra Health Care (RXL) and Fidelity MSCI Information Technology Index ETF (FTEC).
RXL and FTEC are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. RXL is a passively managed fund by ProShares that tracks the performance of the Dow Jones U.S. Health Care Index (200%). It was launched on Jan 30, 2007. 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 RXL 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: RXL or FTEC.
Performance
RXL vs. FTEC - Performance Comparison
Returns By Period
In the year-to-date period, RXL achieves a 3.95% return, which is significantly lower than FTEC's 25.95% return. Over the past 10 years, RXL has underperformed FTEC with an annualized return of 12.32%, while FTEC has yielded a comparatively higher 20.35% annualized return.
RXL
3.95%
-14.95%
-7.70%
17.09%
11.04%
12.32%
FTEC
25.95%
0.40%
14.12%
33.92%
22.10%
20.35%
Key characteristics
| RXL | FTEC | |
|---|---|---|
| Sharpe Ratio | 0.82 | 1.60 |
| Sortino Ratio | 1.20 | 2.13 |
| Omega Ratio | 1.16 | 1.29 |
| Calmar Ratio | 0.64 | 2.22 |
| Martin Ratio | 3.21 | 7.99 |
| Ulcer Index | 5.56% | 4.24% |
| Daily Std Dev | 21.63% | 21.16% |
| Max Drawdown | -66.88% | -34.95% |
| Current Drawdown | -19.18% | -3.14% |
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RXL vs. FTEC - Expense Ratio Comparison
RXL has a 0.95% expense ratio, which is higher than FTEC's 0.08% expense ratio.
Correlation
The correlation between RXL and FTEC is 0.61, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Risk-Adjusted Performance
RXL vs. FTEC - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares Ultra Health Care (RXL) 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
RXL vs. FTEC - Dividend Comparison
RXL's dividend yield for the trailing twelve months is around 1.19%, more than FTEC's 0.62% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
RXL ProShares Ultra Health Care | 1.19% | 0.18% | 0.65% | 0.16% | 0.25% | 0.43% | 0.52% | 0.23% | 0.23% | 1.83% | 0.40% | 0.31% |
FTEC Fidelity MSCI Information Technology Index ETF | 0.62% | 0.77% | 0.93% | 0.63% | 0.83% | 1.03% | 1.20% | 0.96% | 1.25% | 1.27% | 1.09% | 0.18% |
Drawdowns
RXL vs. FTEC - Drawdown Comparison
The maximum RXL drawdown since its inception was -66.88%, which is greater than FTEC's maximum drawdown of -34.95%. Use the drawdown chart below to compare losses from any high point for RXL and FTEC. For additional features, visit the drawdowns tool.
Volatility
RXL vs. FTEC - Volatility Comparison
ProShares Ultra Health Care (RXL) has a higher volatility of 6.94% compared to Fidelity MSCI Information Technology Index ETF (FTEC) at 6.56%. This indicates that RXL'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.