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 is a technology-focused fund issued by Fidelity Investments with $21.3 billion in assets under management. It holds a B grade (74.1/100) and ranks 58th out of 458 tracked ETFs overall, placing it fifth among its 17 category peers. The fund’s 0.084% expense ratio is significantly lower than the category median of 0.37%, while its 0.35% dividend yield exceeds the peer average of 0.13%. With top ten holdings comprising 58.7% of assets, the largest single position is NVIDIA Corp at 18.0%.

The fund’s price of $289.31 sits at 88.8% of its 52-week range, reflecting strong recent momentum. Short-term returns show acceleration, with the one-month gain of 1.35% expanding into a 35.29% increase over six months. This upward trend continues over the longer term, where the one-year return of 39.99% slightly outpaces the category median of 38.69%. The three-year return stands at 130.53%, supported by a price history spanning 3.0 years. The ETFValuer grade of B has remained unchanged across the last 35 tracked days.

With a beta of 1.49, the fund exhibits higher sensitivity to market movements compared to the broader market. Annualized volatility of 24.81% is classified as High, indicating significant price fluctuations. Despite this volatility, the Sharpe ratio of 1.41 suggests favorable risk-adjusted returns relative to the risk taken. The maximum drawdown of -27.30% highlights the potential for substantial temporary losses during downturns. Liquidity is moderate, with an average daily volume of 299,455 shares and a bid/ask spread of 0.70%.

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 10 of the same companies as FTEC's top 10 (58.7% 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: 4.77% (as of 2026-09-03) — 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): 14.32 (as of 2026-09-03) — 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 2026-08-01) — 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 0.70% and average daily volume is 299K/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 $21.3B 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