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TDV vs. FTEC
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Key characteristics


TDVFTEC
YTD Return13.39%29.50%
1Y Return26.39%41.47%
3Y Return (Ann)7.84%12.65%
5Y Return (Ann)16.00%23.15%
Sharpe Ratio1.501.93
Sortino Ratio2.072.50
Omega Ratio1.261.34
Calmar Ratio2.112.67
Martin Ratio7.489.64
Ulcer Index3.43%4.23%
Daily Std Dev17.06%21.08%
Max Drawdown-32.78%-34.95%
Current Drawdown-1.31%-0.41%

Correlation

-0.50.00.51.00.9

The correlation between TDV and FTEC is 0.88, 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

TDV vs. FTEC - Performance Comparison

In the year-to-date period, TDV achieves a 13.39% return, which is significantly lower than FTEC's 29.50% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.


-5.00%0.00%5.00%10.00%15.00%JuneJulyAugustSeptemberOctoberNovember
7.21%
16.50%
TDV
FTEC

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TDV vs. FTEC - Expense Ratio Comparison

TDV has a 0.66% expense ratio, which is higher than FTEC's 0.08% expense ratio.


TDV
ProShares S&P Technology Dividend Aristocrats ETF
Expense ratio chart for TDV: current value at 0.66% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.66%
Expense ratio chart for FTEC: current value at 0.08% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.08%

Risk-Adjusted Performance

TDV vs. FTEC - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for ProShares S&P Technology Dividend Aristocrats ETF (TDV) 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.


TDV
Sharpe ratio
The chart of Sharpe ratio for TDV, currently valued at 1.50, compared to the broader market-2.000.002.004.006.001.50
Sortino ratio
The chart of Sortino ratio for TDV, currently valued at 2.07, compared to the broader market-2.000.002.004.006.008.0010.0012.002.07
Omega ratio
The chart of Omega ratio for TDV, currently valued at 1.26, compared to the broader market1.001.502.002.503.001.26
Calmar ratio
The chart of Calmar ratio for TDV, currently valued at 2.11, compared to the broader market0.005.0010.0015.002.11
Martin ratio
The chart of Martin ratio for TDV, currently valued at 7.48, compared to the broader market0.0020.0040.0060.0080.00100.007.48
FTEC
Sharpe ratio
The chart of Sharpe ratio for FTEC, currently valued at 1.93, compared to the broader market-2.000.002.004.006.001.93
Sortino ratio
The chart of Sortino ratio for FTEC, currently valued at 2.50, compared to the broader market-2.000.002.004.006.008.0010.0012.002.50
Omega ratio
The chart of Omega ratio for FTEC, currently valued at 1.34, compared to the broader market1.001.502.002.503.001.34
Calmar ratio
The chart of Calmar ratio for FTEC, currently valued at 2.67, compared to the broader market0.005.0010.0015.002.67
Martin ratio
The chart of Martin ratio for FTEC, currently valued at 9.64, compared to the broader market0.0020.0040.0060.0080.00100.009.64

TDV vs. FTEC - Sharpe Ratio Comparison

The current TDV Sharpe Ratio is 1.50, which is comparable to the FTEC Sharpe Ratio of 1.93. The chart below compares the historical Sharpe Ratios of TDV and FTEC, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.


Rolling 12-month Sharpe Ratio0.501.001.502.002.50JuneJulyAugustSeptemberOctoberNovember
1.50
1.93
TDV
FTEC

Dividends

TDV vs. FTEC - Dividend Comparison

TDV's dividend yield for the trailing twelve months is around 1.15%, more than FTEC's 0.61% yield.


TTM20232022202120202019201820172016201520142013
TDV
ProShares S&P Technology Dividend Aristocrats ETF
1.15%1.16%1.67%1.08%1.10%0.12%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

TDV vs. FTEC - Drawdown Comparison

The maximum TDV drawdown since its inception was -32.78%, smaller than the maximum FTEC drawdown of -34.95%. Use the drawdown chart below to compare losses from any high point for TDV and FTEC. For additional features, visit the drawdowns tool.


-15.00%-10.00%-5.00%0.00%JuneJulyAugustSeptemberOctoberNovember
-1.31%
-0.41%
TDV
FTEC

Volatility

TDV vs. FTEC - Volatility Comparison

The current volatility for ProShares S&P Technology Dividend Aristocrats ETF (TDV) is 5.17%, while Fidelity MSCI Information Technology Index ETF (FTEC) has a volatility of 6.28%. This indicates that TDV 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.


4.00%6.00%8.00%10.00%JuneJulyAugustSeptemberOctoberNovember
5.17%
6.28%
TDV
FTEC