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 that tracks 17 other ETFs within its specific category. With assets under management totaling $21.0 billion and a current share price of $270.52, the fund demonstrates significant investor adoption relative to its peers. It holds an overall rank of #62 out of 458 tracked ETFs across all categories and has received an ETFValuer grade of B with a score of 73.8 out of 100. The fund offers a low-cost structure with an expense ratio of 0.084% while providing a dividend yield of 0.35%. This combination of substantial assets, competitive pricing, and a mid-tier overall ranking suggests a well-established vehicle for exposure to the information technology sector.

Short-term performance shows mixed results with a one-day decline of 1.02% and a one-month drop of 1.64%, though the one-week return turned positive at 0.14%. Medium-term trends indicate strong momentum, with the fund gaining 11.71% over three months and 20.52% over six months. Year-to-date returns stand at 20.22%, reflecting a solid recovery and growth trajectory within the current calendar year. Over the past year, the fund delivered a robust return of 33.43%, significantly outpacing its shorter-term fluctuations. The long-term picture is particularly pronounced, as the three-year return has accumulated to 104.75%, indicating sustained growth over the multi-year horizon.

FTEC carries a high volatility label and a beta of 1.43, suggesting the fund experiences price swings that are more pronounced than the broader market. This elevated sensitivity is reflected in a maximum drawdown of -27.30%, which represents the largest peak-to-trough decline recorded for the fund. Despite these fluctuations, the fund has achieved a Sharpe ratio of 1.20, indicating that the returns generated have been sufficient to compensate for the level of risk taken. The combination of high beta and a deep drawdown implies that the ETF can be aggressive during market downturns while potentially amplifying gains during upswings. Investors should be aware that the high volatility and drawdown figures are consistent with the fund's classification as a high-risk asset within the technology category.

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: 4.71% (as of 2026-07-23) — 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): 18.70 (as of 2026-07-23) — 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 0.02% and average daily volume is 346K/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