VCAR vs. FTEC
Compare and contrast key facts about Simplify Volt RoboCar Disruption and Tech ETF (VCAR) and Fidelity MSCI Information Technology Index ETF (FTEC).
VCAR and FTEC are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. VCAR is an actively managed fund by Simplify Asset Management Inc.. It was launched on Dec 28, 2020. 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: VCAR or FTEC.
Key characteristics
| VCAR | FTEC | |
|---|---|---|
| YTD Return | 69.82% | 29.90% |
| 1Y Return | 85.53% | 44.73% |
| 3Y Return (Ann) | -0.04% | 12.71% |
| Sharpe Ratio | 2.04 | 2.07 |
| Sortino Ratio | 3.15 | 2.66 |
| Omega Ratio | 1.39 | 1.36 |
| Calmar Ratio | 1.54 | 2.89 |
| Martin Ratio | 9.30 | 10.39 |
| Ulcer Index | 8.98% | 4.23% |
| Daily Std Dev | 40.96% | 21.21% |
| Max Drawdown | -69.22% | -34.95% |
| Current Drawdown | -14.82% | -0.11% |
Correlation
The correlation between VCAR and FTEC 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.
Performance
VCAR vs. FTEC - Performance Comparison
In the year-to-date period, VCAR achieves a 69.82% return, which is significantly higher than FTEC's 29.90% return. 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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VCAR vs. FTEC - Expense Ratio Comparison
VCAR has a 0.95% expense ratio, which is higher than FTEC's 0.08% expense ratio.
Risk-Adjusted Performance
VCAR vs. FTEC - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Simplify Volt RoboCar Disruption and Tech ETF (VCAR) 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
VCAR vs. FTEC - Dividend Comparison
VCAR 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VCAR Simplify Volt RoboCar Disruption and Tech ETF | 0.00% | 0.00% | 0.83% | 0.00% | 0.00% | 0.00% | 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
VCAR vs. FTEC - Drawdown Comparison
The maximum VCAR drawdown since its inception was -69.22%, which is greater than FTEC's maximum drawdown of -34.95%. Use the drawdown chart below to compare losses from any high point for VCAR and FTEC. For additional features, visit the drawdowns tool.
Volatility
VCAR vs. FTEC - Volatility Comparison
Simplify Volt RoboCar Disruption and Tech ETF (VCAR) has a higher volatility of 26.01% compared to Fidelity MSCI Information Technology Index ETF (FTEC) at 6.35%. This indicates that VCAR'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.