SFL vs. FTEC
Compare and contrast key facts about SFL Corporation Ltd. (SFL) and Fidelity MSCI Information Technology Index ETF (FTEC).
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: SFL or FTEC.
Key characteristics
| SFL | FTEC | |
|---|---|---|
| YTD Return | -4.86% | 29.50% |
| 1Y Return | 0.15% | 41.47% |
| 3Y Return (Ann) | 13.26% | 12.65% |
| 5Y Return (Ann) | 2.15% | 23.15% |
| 10Y Return (Ann) | 5.04% | 20.71% |
| Sharpe Ratio | 0.03 | 1.93 |
| Sortino Ratio | 0.22 | 2.50 |
| Omega Ratio | 1.03 | 1.34 |
| Calmar Ratio | 0.03 | 2.67 |
| Martin Ratio | 0.08 | 9.64 |
| Ulcer Index | 11.58% | 4.23% |
| Daily Std Dev | 26.60% | 21.08% |
| Max Drawdown | -85.65% | -34.95% |
| Current Drawdown | -27.86% | -0.41% |
Correlation
The correlation between SFL and FTEC is 0.32, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Performance
SFL vs. FTEC - Performance Comparison
In the year-to-date period, SFL achieves a -4.86% return, which is significantly lower than FTEC's 29.50% return. Over the past 10 years, SFL has underperformed FTEC with an annualized return of 5.04%, 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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Risk-Adjusted Performance
SFL vs. FTEC - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for SFL Corporation Ltd. (SFL) 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
SFL vs. FTEC - Dividend Comparison
SFL's dividend yield for the trailing twelve months is around 10.43%, more than FTEC's 0.61% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SFL SFL Corporation Ltd. | 10.43% | 8.60% | 9.54% | 7.73% | 15.92% | 9.63% | 13.30% | 10.32% | 12.12% | 10.50% | 11.54% | 7.14% |
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
SFL vs. FTEC - Drawdown Comparison
The maximum SFL drawdown since its inception was -85.65%, which is greater than FTEC's maximum drawdown of -34.95%. Use the drawdown chart below to compare losses from any high point for SFL and FTEC. For additional features, visit the drawdowns tool.
Volatility
SFL vs. FTEC - Volatility Comparison
The current volatility for SFL Corporation Ltd. (SFL) is 4.98%, while Fidelity MSCI Information Technology Index ETF (FTEC) has a volatility of 6.28%. This indicates that SFL 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.