Fidelity MSCI Information Technology Index ETF (FTEC)
FTEC is a passive ETF by Fidelity tracking the investment results of the MSCI USA IMI Information Technology Index. FTEC launched on Oct 21, 2013 and has a 0.08% expense ratio.
ETF Info
| ISIN | US3160928087 |
|---|---|
| CUSIP | 316092808 |
| Issuer | Fidelity |
| Inception Date | Oct 21, 2013 |
| Region | North America (U.S.) |
| Category | Technology Equities |
| Index Tracked | MSCI USA IMI Information Technology Index |
| ETF Home Page | screener.fidelity.com |
| Asset Class | Equity |
Asset Class Size | Large-Cap |
Asset Class Style | Growth |
Expense Ratio
The Fidelity MSCI Information Technology Index ETF has an expense ratio of 0.08% which is considered to be low.
Share Price Chart
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Performance
The chart shows the growth of an initial investment of $10,000 in Fidelity MSCI Information Technology Index ETF, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.
Compare to other instruments
Return
Fidelity MSCI Information Technology Index ETF had a return of 47.88% year-to-date (YTD) and 40.29% in the last 12 months. Over the past 10 years, Fidelity MSCI Information Technology Index ETF had an annualized return of 19.44%, outperforming the S&P 500 benchmark which had an annualized return of 9.85%.
| Period | Return | Benchmark |
|---|---|---|
| Year-To-Date | 47.88% | 19.92% |
| 1 month | 6.92% | 5.06% |
| 6 months | 11.80% | 7.11% |
| 1 year | 40.29% | 16.17% |
| 5 years (annualized) | 23.24% | 11.84% |
| 10 years (annualized) | 19.44% | 9.85% |
Monthly Returns Heatmap
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2023 | 8.55% | 6.10% | 2.87% | -2.16% | -6.35% | -1.24% | 13.21% |
Risk-Adjusted Performance
This table presents a comparison of risk-adjusted performance metrics for Fidelity MSCI Information Technology Index ETF (FTEC) and S&P 500 (^GSPC). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
| Sharpe ratio | Sortino ratio | Omega ratio | Calmar ratio | Ulcer Index | |
|---|---|---|---|---|---|
FTEC Fidelity MSCI Information Technology Index ETF | 2.16 | ||||
^GSPC S&P 500 | 1.25 |
Dividend History
Fidelity MSCI Information Technology Index ETF granted a 0.65% dividend yield in the last twelve months. The annual payout for that period amounted to $0.91 per share.
| Period | TTM | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.91 | $0.88 | $0.85 | $0.86 | $0.75 | $0.59 | $0.48 | $0.46 | $0.42 | $0.35 | $0.05 |
Dividend yield | 0.65% | 0.93% | 0.63% | 0.83% | 1.03% | 1.20% | 0.96% | 1.25% | 1.27% | 1.09% | 0.18% |
Monthly Dividends
The table displays the monthly dividend distributions for Fidelity MSCI Information Technology Index ETF. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2023 | $0.00 | $0.00 | $0.23 | $0.00 | $0.00 | $0.22 | $0.00 | $0.00 | $0.22 | $0.00 | $0.00 | |
| 2022 | $0.00 | $0.00 | $0.21 | $0.00 | $0.00 | $0.22 | $0.00 | $0.00 | $0.22 | $0.00 | $0.00 | $0.23 |
| 2021 | $0.00 | $0.00 | $0.20 | $0.00 | $0.00 | $0.20 | $0.00 | $0.00 | $0.20 | $0.00 | $0.00 | $0.26 |
| 2020 | $0.00 | $0.00 | $0.28 | $0.00 | $0.00 | $0.20 | $0.00 | $0.00 | $0.19 | $0.00 | $0.00 | $0.20 |
| 2019 | $0.00 | $0.00 | $0.18 | $0.00 | $0.00 | $0.19 | $0.00 | $0.00 | $0.19 | $0.00 | $0.00 | $0.19 |
| 2018 | $0.00 | $0.00 | $0.12 | $0.00 | $0.00 | $0.14 | $0.00 | $0.00 | $0.14 | $0.00 | $0.00 | $0.19 |
| 2017 | $0.00 | $0.00 | $0.10 | $0.00 | $0.00 | $0.12 | $0.00 | $0.00 | $0.12 | $0.00 | $0.00 | $0.13 |
| 2016 | $0.00 | $0.00 | $0.12 | $0.00 | $0.00 | $0.12 | $0.00 | $0.00 | $0.11 | $0.00 | $0.00 | $0.12 |
| 2015 | $0.00 | $0.00 | $0.10 | $0.00 | $0.00 | $0.09 | $0.00 | $0.00 | $0.13 | $0.00 | $0.00 | $0.10 |
| 2014 | $0.00 | $0.00 | $0.08 | $0.00 | $0.00 | $0.07 | $0.00 | $0.00 | $0.09 | $0.00 | $0.00 | $0.11 |
| 2013 | $0.05 |
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way.
Worst Drawdowns
The table below displays the maximum drawdowns of the Fidelity MSCI Information Technology Index ETF. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the Fidelity MSCI Information Technology Index ETF was 34.95%, occurring on Oct 14, 2022. Recovery took 276 trading sessions.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -34.95% | Dec 28, 2021 | 202 | Oct 14, 2022 | 276 | Nov 20, 2023 | 478 |
| -31.9% | Feb 20, 2020 | 23 | Mar 23, 2020 | 54 | Jun 9, 2020 | 77 |
| -24.12% | Aug 30, 2018 | 80 | Dec 24, 2018 | 59 | Mar 21, 2019 | 139 |
| -16.42% | Dec 7, 2015 | 44 | Feb 9, 2016 | 110 | Jul 18, 2016 | 154 |
| -14% | May 28, 2015 | 63 | Aug 25, 2015 | 42 | Oct 23, 2015 | 105 |
Volatility Chart
The current Fidelity MSCI Information Technology Index ETF volatility is 4.26%, representing the average percentage change in the investments's value, either up or down over the past month. The chart below shows the rolling one-month volatility.