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ETF Comparisons

FTEC vs. TQQQ

Fidelity MSCI Information Technology Index ETF

FTEC
$--
vs

ProShares UltraPro QQQ

TQQQ
$--

Correlation

0.98

Compare with

Top 10 comparisons with FTEC:
Compare:
FTEC
Correlation
With:
TQQQ
ProShares UltraPro QQQ
0.98
SwitchVGTVanguard Group, Inc. - Vanguard Information Technology ETF1.00XLKSSgA Active Trust - Technology Select Sector SPDR ETF1.00TECLDirexion Shares ETF Trust - Direxion Daily Technology Bull 3X Shares1.00IXNBlackRock Institutional Trust Company N.A. - iShares Global Tech ETF0.99ROMProShares Trust - ProShares Ultra Technology 2x Shares0.99IYWBlackRock Institutional Trust Company N.A. - iShares U.S. Technology ETF0.99IGMBlackRock Institutional Trust Company N.A. - iShares Expanded Tech Sector ETF0.98TQQQProShares Trust - ProShares UltraPro QQQ 3x Shares0.98QQQMInvesco Exchange-Traded Fund Trust II - Invesco NASDAQ 100 ETF0.98QLDProShares Trust - ProShares Ultra QQQ 2x Shares0.98

Top 10 shared holdings

The top 10 holdings shared by FTEC and TQQQ:
AAPL
Apple Inc
MSFT
Microsoft Corporation
NVDA
NVIDIA Corp
Invest with FTEC
Learn more about TQQQ
FTECFidelity MSCI Information Technology Index ETF
TQQQProShares UltraPro 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
TQQQ ProShares UltraPro QQQ
Inception date
Oct 24 2013
Feb 09 2010
Expense ratio
0.08%
0.86%
FTEC has a lower expense ratio than TQQQ by 0.78%. This can indicate that it’s cheaper to invest in FTEC than TQQQ.
Type
US Equities
US Equities
FTEC targets investing in US Equities, while TQQQ targets investing in US Equities.
Fund owner
Fidelity
ProShares
FTEC is managed by Fidelity, while TQQQ is managed by ProShares.
Volume (1m avg. daily)
$25,275,556
$3,460,839,081
Both FTEC and TQQQ 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
$16,056,070,130
FTEC has more assets under management than TQQQ by $9,159,164,180. 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 TQQQ is based off of the Nasdaq 100 Index
Inverse/Leveraged
No
Leveraged (3x)
FTEC uses undefined, while TQQQ uses Leveraged (3x). Inverse and leveraged ETFs can be used to either take an opposite position or amplify returns of a given index.
Passive/Active
Passive
Passive
FTEC and TQQQ 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
No
No
FTEC and TQQQ may offer dividends. The frequency and yield of the dividend may not be the same.
Prospectus
View
View
Neither FTEC nor TQQQ require a K1.
FTEC and TQQQ’s Correlation
When ETFs are correlated, there are 3 main topics to analyze that will help you build your automated trading strategy: liquidity, expense, and risk.
  • Liquidity: In an active trading strategy (trading multiple time per week), it’s important to consider the liquidity of the ETF you’re using. Lower liquidity can mean more money lost in slippage. AUM and average daily volume are both indicators of liquidity.
  • Expense: Some ETFs are more expensive to use than others. For strategies that are focused on longer holding periods, it’s important to factor in how expensive it is to hold this ETF. Expense ratio is the main indicator of how expensive an ETF is.
  • Risk: Some ETFs will be highly correlated, but have varying degrees of returns, due to leverage. It’s important to consider if an ETF is using leverage or not. The main indicators of a riskier ETF will be the use of leverage and higher standard deviation or max drawdown in a backtest.

Automated Strategies
Related toFTEC

#BTD

Buy the Dips: Nasdaq 100

Category

Featured, Technology Focus

Risk Rating

Aggressive

Automated Strategies
Related toTQQQ

#BTD

Buy the Dips: Nasdaq 100

Category

Featured, Technology Focus

Risk Rating

Aggressive

Create your own algorithmic
trading strategy

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.