SPXN vs. FTEC
Compare and contrast key facts about ProShares S&P 500 Ex-Financials ETF (SPXN) and Fidelity MSCI Information Technology Index ETF (FTEC).
SPXN and FTEC are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. SPXN is a passively managed fund by ProShares that tracks the performance of the S&P 500 Ex-Financials Index. It was launched on Sep 22, 2015. 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 SPXN 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: SPXN or FTEC.
Key characteristics
| SPXN | FTEC | |
|---|---|---|
| YTD Return | 25.98% | 28.96% |
| 1Y Return | 33.29% | 37.69% |
| 3Y Return (Ann) | 10.46% | 12.48% |
| 5Y Return (Ann) | 16.24% | 22.84% |
| Sharpe Ratio | 2.77 | 1.94 |
| Sortino Ratio | 3.67 | 2.51 |
| Omega Ratio | 1.51 | 1.34 |
| Calmar Ratio | 3.87 | 2.68 |
| Martin Ratio | 17.03 | 9.66 |
| Ulcer Index | 2.09% | 4.23% |
| Daily Std Dev | 12.88% | 21.08% |
| Max Drawdown | -32.10% | -34.95% |
| Current Drawdown | -0.37% | -0.83% |
Correlation
The correlation between SPXN and FTEC is 0.77, 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
SPXN vs. FTEC - Performance Comparison
In the year-to-date period, SPXN achieves a 25.98% 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.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
SPXN vs. FTEC - Expense Ratio Comparison
SPXN has a 0.27% expense ratio, which is higher than FTEC's 0.08% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Risk-Adjusted Performance
SPXN vs. FTEC - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares S&P 500 Ex-Financials ETF (SPXN) 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
SPXN vs. FTEC - Dividend Comparison
SPXN's dividend yield for the trailing twelve months is around 1.10%, more than FTEC's 0.61% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SPXN ProShares S&P 500 Ex-Financials ETF | 1.10% | 1.19% | 1.35% | 0.94% | 1.09% | 1.41% | 1.76% | 1.54% | 2.60% | 0.52% | 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
SPXN vs. FTEC - Drawdown Comparison
The maximum SPXN drawdown since its inception was -32.10%, smaller than the maximum FTEC drawdown of -34.95%. Use the drawdown chart below to compare losses from any high point for SPXN and FTEC. For additional features, visit the drawdowns tool.
Volatility
SPXN vs. FTEC - Volatility Comparison
The current volatility for ProShares S&P 500 Ex-Financials ETF (SPXN) is 3.68%, while Fidelity MSCI Information Technology Index ETF (FTEC) has a volatility of 6.03%. This indicates that SPXN 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.