FTEC
Fidelity MSCI Information Technology Index ETF
Low-cost US technology sector ETF. Fidelity alternative to XLK and VGT. Same MSCI methodology as VGT at slightly lower cost.
EquityTER 0.08%Dist.
TER
0.08%
AUM
$10B
CAGR
20.9%
Volatility
19.0%
Sharpe
0.94
Max Drawdown
-32.4%
Data Range
2013-10 → 2026-04
Performance Analysis
Maximum Drawdown History
How far the ETF has fallen from its all-time high at each point. Deeper = more painful.
Current DD0.0%
Worst DD-32.4%
Worst date2022-09
Rolling Returns
Annualized returns over rolling windows. Shows the range of outcomes depending on when you invested.
Avg return21.0%
Best41.6%
Worst10.3%
% positive100%
115 periods
Key Facts
ISIN
US3160928731
Issuer
Fidelity
Benchmark
MSCI USA IMI Information Technology 25/50 Index
Total Expense Ratio (TER)
0.08%
Assets Under Management
$10B approx.
Inception Date
2013-10-21
Domicile
United States
Legal Structure
Open-Ended Fund
Dividend Policy
Distributing (pays dividends)
Replication Method
Physical (Full Replication)
UCITS Status
✗ Not UCITS
Fund Currency
USD
Primary Exchange
NYSE Arca
Number of Holdings
~320
Top 10 Holdings
Top 10 represent 70.5% of the fund.
1
AAPLApple Inc.
18.50%
2
MSFTMicrosoft Corp.
17.00%
3
NVDANVIDIA Corp.
15.50%
4
AVGOBroadcom Inc.
5.80%
5
CRMSalesforce Inc.
2.80%
6
AMDAdvanced Micro Devices
2.50%
7
ORCLOracle Corp.
2.40%
8
ADBEAdobe Inc.
2.20%
9
ACNAccenture PLC
2.00%
10
CSCOCisco Systems
1.80%
Who Is This ETF For?
✓General portfolio building block for the asset class it covers.
Key Risks to Consider
• Market risk: equity values can drop 30-50% in severe bear markets.
• Non-UCITS: may have unfavorable tax treatment for non-US investors (US estate tax, withholding tax).
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Continue Your Analysis
Data & Methodology
Metadata sourced from official issuer documentation. Price data from Yahoo Finance (monthly adjusted close, includes reinvested dividends and splits). AUM figures are approximate and updated quarterly.
Data source: Yahoo Finance (adjusted close), Fidelity (metadata)Last verified: 2026-04-17
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💬 Frequently Asked Questions
Low-cost US technology sector ETF. Fidelity alternative to XLK and VGT. Same MSCI methodology as VGT at slightly lower cost.
FTEC has a total expense ratio (TER) of 0.08%, which means you pay $8 per year for every $10,000 invested.
Yes, FTEC is a distributing ETF that pays dividends to shareholders. The frequency depends on the fund's schedule.
FTEC is a US-domiciled ETF (not UCITS). Non-US investors should consider the US estate tax implications (40% on US assets above $60,000) and the 30% dividend withholding tax (reduced by treaty in some countries).
FTEC uses full physical replication, meaning it holds all (or nearly all) securities in the MSCI USA IMI Information Technology 25/50 Index index directly.