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ETFs

Fidelity MSCI Information Technology Index ETF

FTEC
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
Oct 24 2013
Expense Ratio
0.08%
Type
US Equities
Fund Owner
Fidelity
Volume (1m avg. daily)
$25,275,556
AUM
$6,896,905,950
Associated Index
MSCI USA IMI Information Technology 25/50 Index
Inverse/Leveraged
No
Passive/Active
Passive
Fractionable on Composer
Yes
Prospectus
View

Top 10 Holdings

AAPL
Apple Inc
22.83%
MSFT
Microsoft Corporation
20.31%
NVDA
NVIDIA Corp
4.07%
AVGO
Broadcom Inc
3.16%
ADBE
Adobe Inc
2.18%
CSCO
Cisco Systems, Inc.
2.03%
CRM
Salesforce Inc
1.89%
ACN
Accenture plc - Ordinary Shares - Class A
1.85%
ORCL
Oracle Corp.
1.64%
AMD
Advanced Micro Devices Inc.
1.43%
Invest with FTEC

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.

ETFs related toFTEC

ETFs correlated to FTEC include VGT, XLK, TECL

FTEC
Fidelity Covington Trust - Fidelity MSCI Information Technology Index ETF
VGT
Vanguard Group, Inc. - Vanguard Information Technology ETF
XLK
SSgA Active Trust - Technology Select Sector SPDR ETF
TECL
Direxion Shares ETF Trust - Direxion Daily Technology Bull 3X Shares
IXN
BlackRock Institutional Trust Company N.A. - iShares Global Tech ETF
ROM
ProShares Trust - ProShares Ultra Technology 2x Shares
IYW
BlackRock Institutional Trust Company N.A. - iShares U.S. Technology ETF
IGM
BlackRock Institutional Trust Company N.A. - iShares Expanded Tech Sector ETF
TQQQ
ProShares Trust - ProShares UltraPro QQQ 3x Shares
QQQM
Invesco Exchange-Traded Fund Trust II - Invesco NASDAQ 100 ETF
QLD
ProShares Trust - ProShares Ultra QQQ 2x Shares

What is ETF correlation?

Correlation is a measure of the strength of the relationship between two ETFs. It quantifies the degree to which prices of the two ETFs typically move together.

Here, correlation is measured over the past year with the Pearson correlation coefficient (Pearon’s r), which ranges from -1 to 1.

Using ETF correlations in portfolio and strategy construction

ETF correlations can help you create investing strategies and portfolios. Use them to:

  • •Build a diversified portfolio from uncorrelated or inversely correlated ETFs with the aim of minimizing portfolio risk.
  • •Compare correlated or related ETFs to find one with a lower expense ratio or higher trading volume.
  • •Create an investing strategy that hedges an ETF with an uncorrelated or inversely correlated ETF.

Automated Strategies
Related toFTEC

#BTD

Buy the Dips: Nasdaq 100

Category

Featured, Technology Focus

Risk Rating

Aggressive

#BORING

The Not Boring: Rising Rates with Vol Switch

Category

Community

Risk Rating

Aggressive

Create your own algorithmic trading strategy with FTEC using Composer

FAQ

FTEC is a US Equities ETF. 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.

FTEC tracks the MSCI USA IMI Information Technology 25/50 Index.

No, FTEC is not actively managed. It is passively managed. 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.

Yes, FTEC is passively managed. A passively managed fund typically tries to track or follow a market index. In an actively managed fund, the fund manager makes decisions about how funds are invested.

The 1-month return on FTEC is -0.0107%. This is the percent change in the value of FTEC over the most recent 1-month period. The 3-month return on FTEC is -0.015%. This is the percent change in the value of FTEC over the most recent 3-month period.

The standard deviation of FTEC for the past year is 0.2485%. Standard deviation is the typical amount that the daily returns vary from the mean of the returns over the time period, standardized to a period of a year.

ETFs similar to FTEC include XLI, XLY, and XLV.

ETFs correlated to FTEC include VGT, XLK, and TECL.

ETFs that are inversely correlated to FTEC include TECS, SQQQ, and QID.

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.