XOVR vs. FTEC
Compare and contrast key facts about ERShares Entrepreneur Private-Public Crossover ETF (XOVR) and Fidelity MSCI Information Technology Index ETF (FTEC).
XOVR and FTEC are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. XOVR is a passively managed fund by EntrepreneurShares that tracks the performance of the ER30TR Index. It was launched on Nov 7, 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. Both XOVR and FTEC are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: XOVR or FTEC.
Correlation
The correlation between XOVR and FTEC is 0.80, 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
XOVR vs. FTEC - Performance Comparison
Key characteristics
XOVR:
0.80
FTEC:
1.19
XOVR:
1.34
FTEC:
1.64
XOVR:
1.25
FTEC:
1.22
XOVR:
1.10
FTEC:
1.75
XOVR:
3.18
FTEC:
6.07
XOVR:
10.18%
FTEC:
4.40%
XOVR:
40.54%
FTEC:
22.46%
XOVR:
-56.29%
FTEC:
-34.95%
XOVR:
-18.28%
FTEC:
-1.20%
Returns By Period
In the year-to-date period, XOVR achieves a 8.23% return, which is significantly higher than FTEC's 2.90% return.
XOVR
8.23%
6.09%
28.15%
32.36%
10.17%
N/A
FTEC
2.90%
1.87%
12.02%
26.58%
19.98%
20.44%
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XOVR vs. FTEC - Expense Ratio Comparison
XOVR has a 0.75% expense ratio, which is higher than FTEC's 0.08% expense ratio.
Risk-Adjusted Performance
XOVR vs. FTEC — Risk-Adjusted Performance Rank
XOVR
FTEC
XOVR vs. FTEC - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for ERShares Entrepreneur Private-Public Crossover ETF (XOVR) 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
XOVR vs. FTEC - Dividend Comparison
XOVR has not paid dividends to shareholders, while FTEC's dividend yield for the trailing twelve months is around 0.48%.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
XOVR ERShares Entrepreneur Private-Public Crossover ETF | 0.00% | 0.00% | 0.00% | 0.00% | 57.75% | 6.31% | 0.08% | 3.71% | 0.09% | 0.00% | 0.00% | 0.00% |
FTEC Fidelity MSCI Information Technology Index ETF | 0.48% | 0.49% | 0.77% | 0.93% | 0.63% | 0.83% | 1.03% | 1.20% | 0.96% | 1.25% | 1.27% | 1.09% |
Drawdowns
XOVR vs. FTEC - Drawdown Comparison
The maximum XOVR drawdown since its inception was -56.29%, which is greater than FTEC's maximum drawdown of -34.95%. Use the drawdown chart below to compare losses from any high point for XOVR and FTEC. For additional features, visit the drawdowns tool.
Volatility
XOVR vs. FTEC - Volatility Comparison
The current volatility for ERShares Entrepreneur Private-Public Crossover ETF (XOVR) is 5.71%, while Fidelity MSCI Information Technology Index ETF (FTEC) has a volatility of 7.86%. This indicates that XOVR 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.