TECB vs. BTEK
Compare and contrast key facts about iShares U.S. Tech Breakthrough Multisector ETF (TECB) and Future Tech ETF (BTEK).
TECB and BTEK are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. TECB is a passively managed fund by iShares that tracks the performance of the NYSE FactSet U.S. Tech Breakthrough Index. It was launched on Jan 8, 2020. BTEK is an actively managed fund by Blackrock Financial Management. It was launched on Sep 29, 2020.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: TECB or BTEK.
Performance
TECB vs. BTEK - Performance Comparison
Returns By Period
TECB
24.66%
2.46%
10.77%
36.80%
N/A
N/A
BTEK
N/A
N/A
N/A
N/A
N/A
N/A
Key characteristics
| TECB | BTEK |
|---|
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TECB vs. BTEK - Expense Ratio Comparison
TECB has a 0.40% expense ratio, which is lower than BTEK's 0.88% expense ratio.
Correlation
The correlation between TECB and BTEK is 0.74, 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
TECB vs. BTEK - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares U.S. Tech Breakthrough Multisector ETF (TECB) and Future Tech ETF (BTEK). 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
TECB vs. BTEK - Dividend Comparison
TECB's dividend yield for the trailing twelve months is around 0.31%, while BTEK has not paid dividends to shareholders.
| TTM | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|
TECB iShares U.S. Tech Breakthrough Multisector ETF | 0.31% | 0.23% | 0.61% | 0.35% | 0.77% |
BTEK Future Tech ETF | 100.03% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
TECB vs. BTEK - Drawdown Comparison
Volatility
TECB vs. BTEK - Volatility Comparison
iShares U.S. Tech Breakthrough Multisector ETF (TECB) has a higher volatility of 5.35% compared to Future Tech ETF (BTEK) at 0.00%. This indicates that TECB's price experiences larger fluctuations and is considered to be riskier than BTEK based on this measure. The chart below showcases a comparison of their rolling one-month volatility.