SPTE vs. FTEC
Compare and contrast key facts about SP Funds S&P Global Technology ETF (SPTE) and Fidelity MSCI Information Technology Index ETF (FTEC).
SPTE and FTEC are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. SPTE is a passively managed fund by SP Funds that tracks the performance of the S&P Global 1200 Shariah Information Technology Capped Index - Benchmark TR Gross. It was launched on Nov 30, 2023. 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 SPTE 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: SPTE or FTEC.
Performance
SPTE vs. FTEC - Performance Comparison
Returns By Period
The year-to-date returns for both stocks are quite close, with SPTE having a 30.17% return and FTEC slightly lower at 29.26%.
SPTE
30.17%
0.04%
7.44%
N/A
N/A
N/A
FTEC
29.26%
4.14%
14.30%
36.13%
22.99%
20.51%
Key characteristics
| SPTE | FTEC | |
|---|---|---|
| Daily Std Dev | 24.66% | 21.10% |
| Max Drawdown | -18.15% | -34.95% |
| Current Drawdown | -4.65% | -0.60% |
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SPTE vs. FTEC - Expense Ratio Comparison
SPTE has a 0.55% expense ratio, which is higher than FTEC's 0.08% expense ratio.
Correlation
The correlation between SPTE and FTEC is 0.92, 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.
Risk-Adjusted Performance
SPTE vs. FTEC - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for SP Funds S&P Global Technology ETF (SPTE) 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.
Not enough dataDividends
SPTE vs. FTEC - Dividend Comparison
SPTE's dividend yield for the trailing twelve months is around 0.23%, less than FTEC's 0.61% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SPTE SP Funds S&P Global Technology ETF | 0.23% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 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
SPTE vs. FTEC - Drawdown Comparison
The maximum SPTE drawdown since its inception was -18.15%, smaller than the maximum FTEC drawdown of -34.95%. Use the drawdown chart below to compare losses from any high point for SPTE and FTEC. For additional features, visit the drawdowns tool.
Volatility
SPTE vs. FTEC - Volatility Comparison
The current volatility for SP Funds S&P Global Technology ETF (SPTE) is 5.89%, while Fidelity MSCI Information Technology Index ETF (FTEC) has a volatility of 6.51%. This indicates that SPTE 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.