FTEC
Fidelity MSCI Information Technology Index ETF

Price: $124.08
Change: $0.85 (0.01%)
Last Updated:

Vitals

Issuer Fidelity
Brand Fidelity
Structure ETF
Expense Ratio 0.08%
ETF Home Page Home page
Inception Oct 21, 2013

Analyst Report

The Fidelity MSCI Information Technology ETF is one of the cheaper broad-based tech ETFs on the market but it hasn’t enjoyed the same popularity as pricier rivals offered by State Street and Vanguard.


For a management fee of 8 basis points, FTEC offers broad exposure to more than 300 tech firms, dominated by giants like Apple, Microsoft and Intel. Like rivals including State Street’s popular Technology Select Sector SPDR Fund (XLK) and the Vanguard Information Technology ETF (VGT), FTEC also owns sizable slugs of Visa and Mastercard.


Launched in 2013, FTEC has amassed less than $3 billion in assets while its pricier rivals XLK and VGT manage more than $500 billion apiece. The divergence is even more surprising given FTEC’s cheaper price tag: XLK charges 13 basis points and VGT charges 10 basis points.


The lack of popularity isn’t due to any particular defect of FTEC; rather, it’s largely due to a dearth of marketing by Fidelity, which has a long-standing arrangement with BlackRock’s iShares funds, which are offered commission free on Fidelity’s platform. FTEC might appeal most to existing Fidelity brokerage customers who want a commission-free fund that offers broad and inexpensive exposure to the technology sector.


Investors should note that that FTEC, like XLK and VGT, doesn’t invest in popular stocks often thought of as technology firms, including Facebook, Twitter and Google-parent Alphabet Inc. This is due to a global shift in index taxonomy reclassified those firms as “communications services.” And for sophisticated traders, XLK is still the preferred tool because of its size, liquidity and active options market.

ETF Database Themes

Asset Class Equity
Asset Class Size Large-Cap
Asset Class Style Growth
Sector (General) Technology
Sector (Specific) Broad
Region (General) North America
Region (Specific) U.S.

FactSet Classifications

  • Segment Equity: U.S. Information Technology
  • Category Sector
  • Focus Information Technology
  • Niche Broad-based
  • Strategy Vanilla
  • Weighting Scheme Market Cap

Trading Data

Open - Volume -
Day Lo - Day Hi -
  • Open
  • Volume
  • Day Lo
  • Day Hi
  • 52 Week Lo $86.46
  • 52 Week Hi $126.85
  • AUM $6,275.6 M
  • Shares 52.1 M

Historical Trading Data

  • 1 Month Avg. Volume 252,117
  • 3 Month Avg. Volume 245,015

Alternative ETFs in the ETF Database Technology Equities Category

Type Symbol Expense Ratio Assets Avg. Daily Vol YTD Return
Cheapest VGT 0.10% $50.0 B 599,395 19.33%
Largest (AUM) VGT 0.10% $50.0 B 599,395 19.33%
Most Liquid (Volume) XLK 0.12% $44.1 B 9 M 20.59%
Top YTD Performer BLOK 0.71% $1.3 B 383,523 45.40%

Alternative ETFs in the FactSet Equity: U.S. Information Technology Segment

Type Symbol Expense Ratio Assets Avg. Daily Vol YTD Return
Cheapest VGT 0.10% $50.0 B 599,395 19.33%
Largest (AUM) VGT 0.10% $50.0 B 599,395 19.33%
Most Liquid (Volume) XLK 0.12% $44.1 B 9 M 20.59%
Top YTD Performer IYW 0.43% $8.7 B 496,632 24.80%

Top 15 Holdings

Concentration Analysis

This section compares how balanced and deep this ETF is relative to its peers.

Holdings Comparison

FTEC ETF Database Category Average FactSet Segment Average
Number of Holdings 346 86 116
% of Assets in Top 10 57.26% 44.21% 40.34%
% of Assets in Top 15 64.73% 56.81% 50.54%
% of Assets in Top 50 83.61% 90.32% 86.32%

Size Comparison

FTEC ETF Database Category Average FactSet Segment Average
Large (>12.9B) 93.64% 63.97% 71.67%
Mid (>2.7B) 5.44% 21.85% 16.20%
Small (>600M) 0.87% 7.44% 5.72%
Micro (<600M) 0.04% 1.82% 0.86%

FTEC Valuation

This section compares the P/E ratio of this ETF to its peers.

FTEC
P/E Ratio
34.36
ETF Database Category Average
P/E Ratio
27.02
FactSet Segment Average
P/E Ratio
32.87

FTEC Dividend

This section compares the dividend yield of this ETF to its peers.

FTEC ETF Database Category Average FactSet Segment Average
Dividend $ 0.20 $ 0.14 $ 0.16
Dividend Date 2021-09-17 N/A N/A
Annual Dividend Rate $ 0.79 $ 0.36 $ 0.54
Annual Dividend Yield 0.64% 0.34% 0.35%

FTEC Price and Volume Chart

FTEC Fund Flows

View charts featuring ETF fund flow data.

5 Day Net Flows: 12.06 M 1 Month Net Flows: 61.32 M 3 Month Net Flows: 124.43 M 6 Month Net Flows: 236.92 M 1 Year Net Flows: 248.64 M 3 Year Net Flows: 908.07 M 5 Year Net Flows: 2.37 B 10 Year Net Flows: 2.75 B

FTEC Price vs Flows AUM Influence

View charts that break down the influence that fund flows and price had on overall assets.

Realtime Rating

The adjacent table gives investors an individual Realtime Rating for FTEC on several different metrics, including liquidity, expenses, performance, volatility, dividend, concentration of holdings in addition to an overall rating. The "A+ Metric Rated ETF" field, available to ETF Database Pro members, shows the ETF in the Technology Equities with the highest Metric Realtime Rating for each individual field. To view all of this data, sign up for a free 14-day trial for ETF Database Pro. To view information on how the ETF Database Realtime Ratings work, click here.

Metric Metric Realtime Rating A+ Metric Rated ETF
Liquidity n/a n/a
Expenses A+ n/a
Performance
Volatility
Dividend
Concentration

A+ Overall Rated ETF:

FTEC Expenses & Fees

This section compares the cost efficiency of this ETF to its peers.

Expenses Ratio Analysis

FTEC
Expense Ratio
0.08%
ETF Database Category Average
Expense Ratio
0.54%
FactSet Segment Average
Expense Ratio
0.44%

Tax Analysis

Max ST Capital Gains Rate 39.60%
Max LT Capital Gains Rate 20.00%
Tax On Distributions Qualified dividends
Distributes K1 No
ESG Themes and Scores
6.29/10
ESG Score
49.62%
Global Percentile
56.47%
Peer Percentile
    • Revenue Exposure to Environmental Impact (%)
      Higher is better, no ESG score impact
    • Severe Environment Controversies (%)
      Lower improves ESG score
    • Sustainable Impact Solutions (%)
      3.47%
      Higher is better, no ESG score impact
    • Weighted Average Carbon Intensity (Tons of CO2e / $M Sales)
      21.26
      Higher is worse, no ESG score impact
    • Fossil Fuel Reserves (%)
      Higher is worse, no ESG score impact
    • High Impact Fossil Fuel Reserves (%)
      Higher is worse, no ESG score impact
    • Water Stress High Risk Business Segment (%)
      Lower improves ESG score
    • Water Stress High Risk Geography (%)
      Lower improves ESG score
    • Water Stress Exposure Moderate (%)
      Lower improves ESG score
    • Water Stress Exposure High (%)
      Lower improves ESG score
    • Water Stress Exposure Low (%)
      Higher improves ESG score
    • Revenue Exposure to Energy Efficiency (%)
      Higher is better, no ESG score impact
    • Revenue Exposure to Alternative Energy (%)
      Higher is better, no ESG score impact
    • Revenue Exposure to Green Building (%)
      Higher is better, no ESG score impact
    • Revenue Exposure to Pollution Prevention (%)
      Higher is better, no ESG score impact
    • Revenue Exposure to Water Sustainability (%)
      Higher is better, no ESG score impact
    • Revenue Exposure to Social Impact (%)
      Higher is better, no ESG score impact
    • Sustainable Impact Solutions (%)
      3.47%
      Higher is better, no ESG score impact
    • SRI Exclusion Criteria (%)
      0.03%
      Higher is worse, no ESG score impact
    • Revenue Exposure to Affordable Real Estate (%)
      Higher is better, no ESG score impact
    • Revenue Exposure to Education (%)
      Higher is better, no ESG score impact
    • Revenue Exposure to Major Disease Treatment (%)
      Higher is better, no ESG score impact
    • Revenue Exposure to Nutrition (%)
      Higher is better, no ESG score impact
    • Revenue Exposure to Sanitation (%)
      Higher is better, no ESG score impact
    • Revenue Exposure to SME Finance (%)
      Higher is better, no ESG score impact
    • Human Rights Norms Violation (%)
      Higher is worse, no ESG score impact
    • Human Rights Norms Violation OR Watch List (%)
      Higher is worse, no ESG score impact
    • Severe Human Rights Controversies (%)
      Lower improves ESG score
    • Labor Norms Violation (%)
      Higher is worse, no ESG score impact
    • Labor Norms Violation OR Watch List (%)
      Higher is worse, no ESG score impact
    • Severe Labor Controversies (%)
      Lower improves ESG score
    • Severe Customer Controversies (%)
      Lower improves ESG score
    • Global Compact Compliance Violation (%)
      Higher is worse, no ESG score impact
    • Global Compact Compliance Violation OR Watch List (%)
      Higher is worse, no ESG score impact
    • Catholic Values Fail (%)
      Higher is worse, no ESG score impact
    • Islamic Non-Compliant (%)
      Higher is worse, no ESG score impact
    • Adult Entertainment Involvement (%)
      Higher is worse, no ESG score impact
    • Alcohol Involvement (%)
      Higher is worse, no ESG score impact
    • Gambling Involvement (%)
      Higher is worse, no ESG score impact
    • Nuclear Power Involvement (%)
      Higher is worse, no ESG score impact
    • Tobacco Involvement (%)
      Higher is worse, no ESG score impact
    • Weapons Involvement (%)
      Higher is worse, no ESG score impact
    • Controversies Weapons Involvement (%)
      Higher is worse, no ESG score impact
    • Civilian Firearms Involvement (%)
      Higher is worse, no ESG score impact
    • Civilian Firearms Retailer (%)
      Higher is worse, no ESG score impact
    • Civilian Firearms Producer (%)
      Higher is worse, no ESG score impact
    • Direct Predatory Lending Involvement (%)
      Higher is worse, no ESG score impact
    • Genetic Engineering Involvement (%)
      Higher is worse, no ESG score impact
    • Severe Governance Controversies (%)
      Lower improves ESG score
    • Board Flag (%)
      Lower improves ESG score
    • Lack of Independent Board Majority (%)
      Lower improves ESG score
    • Board Independence (0-25%) (%)
      Lower improves ESG score
    • Board Independence (25-50%) (%)
      Lower improves ESG score
    • Board Independence (50-75%) (%)
      Higher improves ESG score
    • Board Independence (75-100%) (%)
      Higher improves ESG score
    • No Female Directors (%)
      Lower improves ESG score
    • Three OR More Female Directors (%)
      Higher improves ESG score
    • Females Represent 30% of Directors (%)
      Higher improves ESG score
    • Entrenched Board (%)
      Lower improves ESG score
    • Overboarding (%)
      Lower improves ESG score
    • Negative Director Votes (%)
      Lower improves ESG score
    • Ownership AND Control Flag (%)
      Lower improves ESG score
    • One Share One Vote (%)
      Lower improves ESG score
    • No Annual Director Elections (%)
      Lower improves ESG score
    • Does Not Use Majority Voting (%)
      Lower improves ESG score
    • Significant Votes Against Pay Practices (%)
      Lower improves ESG score
    • Controlling Shareholder (%)
      Lower improves ESG score
    • Controlling Shareholder Concerns (%)
      Lower improves ESG score
    • Cross Shareholdings (%)
      Lower improves ESG score
    • Poison Pill (%)
      Lower improves ESG score
    • Pay Flag (%)
      Lower improves ESG score
    • No Pay Performance Link (%)
      Lower improves ESG score
    • Lack of Internal Pay Equity (%)
      Lower improves ESG score
    • Executive Pay Non-Disclosure (%)
      Lower improves ESG score
    • Accounting Flag (%)
      Lower improves ESG score

FTEC Performance

This section shows how this ETF has performed relative to its peers.

FTEC ETF Database
Category Average
Factset Segment
Average
1 Month Return 0.49% -0.09% -0.10%
3 Month Return 4.56% 7.17% 5.92%
YTD Return 19.34% 14.03% 15.92%
1 Year Return 29.40% 26.69% 29.55%
3 Year Return 127.73% 73.33% 98.64%
5 Year Return 262.32% 113.47% 174.59%

Geographic Exposure

The following charts reflect the geographic spread of FTEC's underlying holdings.

Region Percentage
North, Central and South America 100.05%
Other 0.03%
Country Percentage
United States 96.79%
Ireland 1.86%
Netherlands 0.42%
Switzerland 0.38%
Other 0.3%
Israel 0.13%
Singapore 0.1%
Cayman Islands 0.03%
United Kingdom 0.03%
Puerto Rico 0.02%
Canada 0.01%
Luxembourg 0.01%

Holdings Analysis

The following charts reflect the allocation of FTEC's underlying holdings.

Sector Percentage
Technology Services 49.64%
Electronic Technology 42.09%
Finance 5.68%
Producer Manufacturing 1.41%
Commercial Services 0.68%
Miscellaneous 0.27%
Distribution Services 0.15%
Transportation 0.07%
CASH 0.03%
Communications 0.03%
Process Industries 0.03%
Health Technology 0.0%
Market Cap Percentage
Large 93.64%
Mid 5.44%
Small 0.87%
Micro 0.04%
Region Percentage
Asset Percentage
Share/Common/Ordinary 99.78%
Open-ended Fund 0.27%
CASH 0.03%
Sector Percentage
Technology Services 49.64%
Electronic Technology 42.09%
Finance 5.68%
Producer Manufacturing 1.41%
Commercial Services 0.68%
Miscellaneous 0.27%
Distribution Services 0.15%
Transportation 0.07%
CASH 0.03%
Communications 0.03%
Process Industries 0.03%
Health Technology 0.0%

FTEC Technicals

Volatility Analysis

This section shows how the volatility of this ETF compares to the peer group ETF Database Category.

5 Day Volatility
142.53%
Rank
11 of 61

20 Day Volatility
21.75%
Rank
42 of 61

50 Day Volatility
16.27%
Rank
45 of 61

200 Day Volatility
14.32%
Rank
42 of 58

Beta
1.07
Rank
31 of 58

Standard Deviation
9.66%
Rank
15 of 49

Technicals

  • 20 Day MA $121.04
  • 60 Day MA $122.65
  • MACD 15 Period 3.66
  • MACD 100 Period 4.36
  • Williams % Range 10 Day 0.26
  • Williams % Range 20 Day 9.47
  • RSI 10 Day 62
  • RSI 20 Day 56
  • RSI 30 Day 55
  • Ultimate Oscillator 52

Bollinger Bands

  • Lower Bollinger (10 Day) $117.03
  • Upper Bollinger (10 Day) $123.99
  • Lower Bollinger (20 Day) $117.30
  • Upper Bollinger (20 Day) $124.76
  • Lower Bollinger (30 Day) $117.40
  • Upper Bollinger (30 Day) $127.34

Support & Resistance

  • Support Level 1 $123.62
  • Support Level 2 $123.16
  • Resistance Level 1 $124.32
  • Resistance Level 2 $124.56

Stochastic

  • Stochastic Oscillator %D (1 Day) 73.65
  • Stochastic Oscillator %D (5 Day) 78.49
  • Stochastic Oscillator %K (1 Day) 54.97
  • Stochastic Oscillator %K (5 Day) 65.76

Financial Advisor Report

ETF Database's Financial Advisor Reports are designed as an easy handout for clients to explain the key information on a fund. Includes new analyst insights and classification data.

Fact Sheet

A fact sheet is not available for this ETF. Please visit the FTEC ETF home page for more information.

Data Lineage

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Analyst Report Authors

ETF Database analysts have a combined 50 years in the ETF and Financial markets, covering every asset class and investment style. The team monitors new filings, new launches and new issuers to make sure we place each new ETF in the appropriate context so Financial Advisors can construct high quality portfolios.

Disclosures

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Copyright MSCI ESG Research LLC [2018]. All Rights Reserved. MSCI ESG Research LLC’s (“MSCI ESG”) Fund Metrics products (the “Information”) provide environmental, social and governance data with respect to underlying securities within more than 23,000 multi-asset class Mutual Funds and ETFs globally. MSCI ESG is a Registered Investment Adviser under the Investment Advisers Act of 1940. MSCI ESG materials have not been submitted, to nor received approval from, the US SEC or any other regulatory body. None of the information constitutes an offer to buy or sell, or a promotion or recommendation of, any security, financial instrument or product or trading strategy, nor should it be taken as an indication or guarantee of any future performance, analysis, forecast or prediction. None of the Information can be used to determine which securities to buy or sell or when to buy or sell them. The Information is provided “as is” and the user of the Information assumes the entire risk of any use it may make or permit to be made of the Information. All Information is provided solely for your internal use, and may not be reproduced or redisseminated in any form without express prior written permission from MSCI. Neither MSCI ESG nor any of its affiliates or any third party involved in or related to creating any Information makes any express or implied warranties, representations or guarantees, and in no event will MSCI ESG or any such affiliate or third party have any liability for any direct, indirect, special, punitive, consequential or any other damages (including lost profits) relating to any Information. More information on MSCI ESG Fund Metrics, provided by MSCI ESG Research LLC, can be found at https://www.msci.com/esg-fund-metrics.
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