FTEC vs. SQQQ

Fidelity MSCI Information Technology Index ETF

FTEC

$--

ProShares UltraPro Short QQQ

SQQQ

$--

Correlation

-0.98

Learn more about FTEC

Learn more about SQQQ

Compare with

Top 10 comparisons with FTEC:

Top 10 shared holdings

The top 10 holdings shared by FTEC and SQQQ:

There are no shared holdings.

Invest with FTEC

Learn more about SQQQ

FTECFidelity MSCI Information Technology Index ETF

SQQQProShares UltraPro Short QQQ

What is FTEC?

The ETF seeks to provide investment returns that correspond, before fees and expenses, generally to the performance of the MSCI USA IMI Information Technology 25/50 Index.

Snapshot
**

FTEC Fidelity MSCI Information Technology Index ETF

SQQQ ProShares UltraPro Short QQQ

Inception date

Oct 24 2013

Feb 09 2010

Expense ratio

0.08%

0.95%

FTEC has a lower expense ratio than SQQQ by 0.87%. This can indicate that it’s cheaper to invest in FTEC than SQQQ.

Type

US Equities

FTEC targets investing in US Equities, while SQQQ targets investing in US Equities.

Fund owner

Fidelity

ProShares

FTEC is managed by Fidelity, while SQQQ is managed by ProShares.

Volume (1m avg. daily)

$25,275,556

$2,217,551,125

Both FTEC and SQQQ are considered high-volume assets. They’re less likely to be affected by issues like slippage and failed orders on Composer than low-volume assets.

AUM

$6,896,905,950

$4,455,851,279

FTEC has more assets under management than SQQQ by $2,441,054,671. Higher AUM can be associated with better liquidity and lower slippage in trading.

Associated index

MSCI USA IMI Information Technology 25/50 Index

Nasdaq 100 Index

FTEC is based off of the MSCI USA IMI Information Technology 25/50 Index, while SQQQ is based off of the Nasdaq 100 Index

Inverse/Leveraged

Inverse (-3x)

FTEC uses undefined, while SQQQ uses Inverse (-3x). Inverse and leveraged ETFs can be used to either take an opposite position or amplify returns of a given index.

Passive/Active

Passive

FTEC and SQQQ both use a Passive investing strategy. In an actively managed fund, the fund manager makes decisions about how funds are invested. A passively managed fund typically tries to track or follow a market index.

Dividend

FTEC and SQQQ may offer dividends. The frequency and yield of the dividend may not be the same.

Prospectus

View

Neither FTEC nor SQQQ require a K1.

When ETFs are inversely correlated, they can be used in actively traded strategies (multiple trades per week) to take positions in opposing directions. For example, if you believe FTEC is going to fall, it would make sense to invest in SQQQ, as based on historical data, when FTEC decreases in value, SQQQ tends to increase in value.

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Disclaimers

We show information directly obtained from our data provider, Xignite. Data shown here is provided by Xignite, an unaffiliated third party. Composer believes the information shown here is reliable, but has not been verified and there is no guarantee that the information is accurate.

We show information based on calculations performed by Composer using data from our provider. Information provided here is based on calculations performed by Composer using data sourced from Xignite, an unaffiliated third party. Composer believes this information is reliable, but has not verified the data and there is no guarantee that the calculations are accurate.