STE vs. FTEC

Last updated Jul 17, 2026

STE (STERIS plc) is a stock, while FTEC (Fidelity MSCI Information Technology Index ETF) is Technology Equities fund tracking the MSCI USA IMI Information Technology 25/50 Index. Over the past 10 years, STE returned 13.58%/yr vs 24.23%/yr for FTEC. At a 0.45 correlation, their price movements are largely independent.

Performance

STE vs. FTEC - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in STERIS plc (STE) and Fidelity MSCI Information Technology Index ETF (FTEC). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, STE achieves a -12.29% return, which is significantly lower than FTEC's 21.67% return. Over the past 10 years, STE has underperformed FTEC with an annualized return of 13.58%, while FTEC has yielded a comparatively higher 24.23% annualized return.

STE

• 1D: 4.57%
• 1M: 7.08%
• 6M: -17.11%
• YTD: -12.29%
• 1Y: -1.82%
• 3Y*: -0.07%
• 5Y*: 2.23%
• 10Y*: 13.58%

FTEC

• 1D: -1.93%
• 1M: -2.95%
• 6M: 20.75%
• YTD: 21.67%
• 1Y: 35.73%
• 3Y*: 27.36%
• 5Y*: 18.86%
• 10Y*: 24.23%

*Multi-year figures are annualized to reflect compound growth (CAGR)

STE vs. FTEC - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
STE STERIS plc	-12.29%	24.57%	-5.60%	20.19%	-23.43%	29.47%	25.50%	44.09%	23.66%	31.73%
FTEC Fidelity MSCI Information Technology Index ETF	21.67%	22.11%	29.40%	53.30%	-29.59%	30.49%	45.83%	48.93%	-0.39%	36.83%

Correlation

The correlation between STE and FTEC is -0.00, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	-0.00
Correlation (3Y) Calculated over the trailing 3-year period	0.16
Correlation (5Y) Calculated over the trailing 5-year period	0.35
Correlation (10Y) Calculated over the trailing 10-year period	0.42
Correlation (All Time) Calculated using the full available price history since Oct 24, 2013	0.45

The correlation between STE and FTEC shifts across timeframes, from -0.00 (1 year) to 0.45 (all time), reflecting how their relationship changes across market environments.

Return for Risk

STE vs. FTEC — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

STE

STE Risk / Return Rank: 39
STE Sharpe Ratio Rank: 42
STE Sortino Ratio Rank: 35
STE Omega Ratio Rank: 35
STE Calmar Ratio Rank: 43
STE Martin Ratio Rank: 42

FTEC

FTEC Risk / Return Rank: 51
FTEC Sharpe Ratio Rank: 56
FTEC Sortino Ratio Rank: 50
FTEC Omega Ratio Rank: 50
FTEC Calmar Ratio Rank: 54
FTEC Martin Ratio Rank: 47

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

STE vs. FTEC - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for STERIS plc (STE) 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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	STE	FTEC	Difference
Sharpe ratio: Return per unit of total volatility	-0.07	1.53	-1.60
Sortino ratio: Return per unit of downside risk	0.08	2.03	-1.95
Omega ratio: Gain probability vs. loss probability	1.01	1.26	-0.25
Calmar ratio: Return relative to maximum drawdown	-0.07	2.21	-2.28
Martin ratio: Return relative to average drawdown	-0.15	6.36	-6.51

STE vs. FTEC - Sharpe Ratio Comparison

The current STE Sharpe Ratio is -0.07, which is lower than the FTEC Sharpe Ratio of 1.53. The chart below compares the historical Sharpe Ratios of STE and FTEC, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

STE vs. FTEC - Drawdown Comparison

The maximum STE drawdown since its inception was -77.22%, which is greater than FTEC's maximum drawdown of -34.95%. Use the drawdown chart below to compare losses from any high point for STE and FTEC.

Drawdown Indicators

	STE	FTEC	Difference
Max Drawdown Largest peak-to-trough decline	-77.22%	-34.95%	-42.27%
Max Drawdown (1Y) Largest decline over 1 year	-25.37%	-16.26%	-9.11%
Max Drawdown (3Y) Largest decline over 3 years	-25.37%	-27.30%	+1.93%
Max Drawdown (5Y) Largest decline over 5 years	-36.18%	-34.95%	-1.23%
Max Drawdown (10Y) Largest decline over 10 years	-36.18%	-34.95%	-1.23%
Current Drawdown Current decline from peak	-17.23%	-9.13%	-8.10%
Average Drawdown Average peak-to-trough decline	-18.33%	-5.58%	-12.75%
Ulcer Index Depth and duration of drawdowns from previous peaks	12.25%	5.63%	+6.62%

Volatility

STE vs. FTEC - Volatility Comparison

STERIS plc (STE) has a higher volatility of 10.21% compared to Fidelity MSCI Information Technology Index ETF (FTEC) at 8.65%. This indicates that STE'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.

Volatility by Period

	STE	FTEC	Difference
Volatility (1M) Calculated over the trailing 1-month period	10.21%	8.65%	+1.56%
Volatility (6M) Calculated over the trailing 6-month period	20.27%	19.55%	+0.72%
Volatility (1Y) Calculated over the trailing 1-year period	25.54%	23.50%	+2.04%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	26.15%	25.75%	+0.40%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	25.08%	24.90%	+0.18%

Dividends

STE vs. FTEC - Dividend Comparison

STE's dividend yield for the trailing twelve months is around 1.14%, more than FTEC's 0.37% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FTEC Fidelity MSCI Information Technology Index ETF	0.37%	0.43%	0.49%	0.77%	0.93%	0.63%	0.83%	1.03%	1.20%	0.96%	1.25%	1.27%
STE STERIS plc	1.14%	0.95%	1.06%	0.90%	0.97%	0.68%	0.81%	0.93%	1.22%	1.35%	1.57%	1.27%

Frequently Asked Questions

Can I hold both STE and FTEC in my portfolio?

STE and FTEC have a correlation of -0.00, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, STE or FTEC?

STE has higher volatility (10.21%) compared to FTEC (8.65%). In terms of maximum drawdown, STE dropped -77.22% vs FTEC's -34.95%.

Which has better risk-adjusted returns?

FTEC currently has the higher Sharpe Ratio (1.53 vs -0.07), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.