FTEC — Fidelity MSCI Information Technology Index ETF

FTEC Price Performance — Growth of $10,000

Value of a $10,000 investment in FTEC over time, compared with SPY. Both lines are rebased to $10,000 on the first shared date. Based on total returns — prices are adjusted for dividends and splits, so this assumes distributions were reinvested. Hover or tap the chart for exact values.

FTEC Drawdown

The "underwater" chart: FTEC's decline from its highest prior value at each point in time. It shows how deep past losses ran and how long the fund took to recover to break-even.

Overview

The Fidelity MSCI Information Technology Index ETF (FTEC) is a technology sector fund issued by Fidelity Investments with $21.0 billion in assets under management. It currently holds an overall rank of #85 out of 458 tracked ETFs across all categories and has received an ETFValuer grade of B with a score of 71.7 out of 100. The fund charges an expense ratio of 0.084% and offers a dividend yield of 0.35%. Trading at a price of $264.63, the substantial asset size suggests significant investor adoption within the 17 ETFs tracked in the Technology category. This combination of low cost, high liquidity, and a mid-tier ranking positions the fund as a widely utilized vehicle for technology exposure. The current price level reflects the accumulation of capital by investors seeking broad sector participation rather than niche strategies.

Over the most recent trading day, the fund declined by 1.42%, following a steeper 4.47% drop over the past week. The one-month return shows a further contraction of 2.88%, indicating recent short-term weakness. However, the trend reverses over longer horizons with a 6.45% gain over three months and a 16.91% increase over six months. Year-to-date performance stands at +17.61%, while the one-year return has reached +29.68%. The three-year return demonstrates significant long-term growth at +105.62%, highlighting a divergence between recent short-term volatility and sustained long-term appreciation. This pattern suggests that while the fund experienced recent pullbacks, it has maintained a strong upward trajectory over multi-year periods.

FTEC carries a High volatility label and a beta of 1.43, indicating that the fund's price movements tend to be more pronounced than the broader market. The Sharpe ratio of 1.04 suggests that the returns generated have been efficient relative to the amount of risk taken over the measured period. Despite the high volatility, the fund has experienced a maximum drawdown of -27.30%, reflecting the potential for significant temporary losses during market downturns. The combination of a beta above 1.0 and a high volatility label implies that the fund amplifies market movements in both directions. Investors should expect larger swings in value compared to less volatile assets, balanced by the fund's ability to generate substantial returns during extended uptrends.

AI-generated summary based on the data on this page.

FTEC Top Holdings

Holdings as of 2026-04-30 per the fund's most recent SEC N-PORT-P filing. Top 10 holdings make up 58.7% of net assets — a rough gauge of concentration risk (the higher this figure, the more the fund's return depends on a handful of names). To see how FTEC's holdings overlap with other ETFs you own or are considering, check the Stock Overlap tool.

Which Funds Overlap With FTEC

Holding two funds that own the same companies adds cost and complexity without adding much diversification. These tracked ETFs share the most names with FTEC's top 10 — XLK overlaps most, holding 9 of the same companies as FTEC's top 10 (56.7% of FTEC's assets).

Compares the top 10 reported holdings of each fund, so it's a floor on true overlap — two S&P 500 trackers overlap ~100% even when only 10 names are listed. Use the Stock Overlap tool to search by individual company.

Market Backdrop

10-Year Treasury Yield: 4.65% (as of 2026-07-27) — The yield on 10-year US Treasury bonds — the standard "risk-free rate" benchmark used to contextualize this fund’s Sharpe ratio and returns.

CBOE Volatility Index (VIX): 18.67 (as of 2026-07-27) — A real-time gauge of expected S&P 500 volatility over the next 30 days — useful context for this fund’s own volatility label.

Federal Funds Rate: 3.63% (as of 2026-06-01) — The Federal Reserve’s target policy rate, which anchors short-term borrowing costs across the economy.

FTEC Liquidity, Domicile & Tax Treatment

Liquidity: Quoted bid/ask spread is — and average daily volume is 342K/day. Tighter spreads and higher volume mean lower round-trip trading costs; this is a live-market snapshot and can widen during volatile sessions. AUM of $21.0B provides ample scale, supporting tight spreads and issuer commitment to keep the fund open.

Domicile & tax treatment: FTEC is a US-domiciled, SEC-registered ('40 Act) exchange-traded fund. Dividends and capital gains distributions are reported to US investors on Form 1099-DIV, and the fund is not subject to the PFIC reporting or UCITS-specific rules that apply to Irish- or Luxembourg-domiciled funds. Non-US investors should note that US-domiciled ETFs are generally subject to 30% US withholding tax on dividends (unless reduced by treaty) and to US estate tax exposure on the position — Irish-domiciled UCITS ETFs tracking the same index often avoid both, which is why non-US residents frequently prefer the UCITS equivalent where one exists. This is general information, not tax advice — consult a tax professional for your situation.

FTEC Performance History

How FTEC Compares to Other Technology ETFs