TGFTX vs. FTEC
Compare and contrast key facts about TCW Artificial Intelligence Equity Fund (TGFTX) and Fidelity MSCI Information Technology Index ETF (FTEC).
TGFTX is managed by TCW. It was launched on Aug 30, 2017. 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.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: TGFTX or FTEC.
Key characteristics
| TGFTX | FTEC |
|---|
Correlation
The correlation between TGFTX and FTEC is 0.90, 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
TGFTX vs. FTEC - Performance Comparison
The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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TGFTX vs. FTEC - Expense Ratio Comparison
TGFTX has a 0.90% expense ratio, which is higher than FTEC's 0.08% expense ratio.
Risk-Adjusted Performance
TGFTX vs. FTEC - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for TCW Artificial Intelligence Equity Fund (TGFTX) 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
TGFTX vs. FTEC - Dividend Comparison
TGFTX has not paid dividends to shareholders, while FTEC's dividend yield for the trailing twelve months is around 0.61%.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
TGFTX TCW Artificial Intelligence Equity Fund | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.02% | 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
TGFTX vs. FTEC - Drawdown Comparison
Volatility
TGFTX vs. FTEC - Volatility Comparison
The current volatility for TCW Artificial Intelligence Equity Fund (TGFTX) is 0.00%, while Fidelity MSCI Information Technology Index ETF (FTEC) has a volatility of 6.38%. This indicates that TGFTX 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.