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
US3160928087
316092808
Oct 21, 2013
North America (U.S.)
1x
MSCI USA IMI Information Technology Index
Large-Cap
Growth
Share Price Chart
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Performance
Performance Chart
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.
Returns By Period
Fidelity MSCI Information Technology Index ETF had a return of 27.41% year-to-date (YTD) and 34.77% in the last 12 months. Over the past 10 years, Fidelity MSCI Information Technology Index ETF had an annualized return of 20.46%, outperforming the S&P 500 benchmark which had an annualized return of 11.13%.
FTEC
27.41%
1.00%
13.76%
34.77%
22.67%
20.46%
^GSPC (Benchmark)
24.05%
1.08%
11.50%
30.38%
13.77%
11.13%
Monthly Returns
The table below presents the monthly returns of FTEC, with color gradation from worst to best to easily spot seasonal factors. Returns are adjusted for dividends.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | 2.16% | 4.80% | 1.49% | -5.65% | 7.94% | 8.22% | -1.48% | 0.88% | 2.50% | -0.86% | 27.41% | ||
| 2023 | 9.70% | 0.42% | 9.68% | -0.29% | 8.55% | 6.10% | 2.87% | -2.16% | -6.35% | -1.24% | 13.21% | 4.83% | 53.30% |
| 2022 | -7.85% | -4.28% | 3.24% | -11.78% | -1.62% | -9.45% | 13.42% | -5.61% | -11.79% | 7.45% | 5.31% | -7.93% | -29.59% |
| 2021 | -0.70% | 1.47% | 0.71% | 5.17% | -1.25% | 7.33% | 3.36% | 3.50% | -5.71% | 8.12% | 3.15% | 2.54% | 30.49% |
| 2020 | 3.71% | -7.21% | -9.69% | 14.05% | 7.73% | 7.02% | 6.06% | 11.25% | -4.92% | -4.29% | 12.37% | 5.76% | 45.83% |
| 2019 | 8.14% | 7.34% | 4.03% | 6.44% | -8.86% | 8.63% | 3.61% | -2.26% | 1.40% | 3.70% | 5.69% | 3.98% | 48.93% |
| 2018 | 7.54% | 0.17% | -3.43% | 0.02% | 7.05% | -0.24% | 1.99% | 7.43% | -0.29% | -8.70% | -1.75% | -8.53% | -0.39% |
| 2017 | 4.17% | 4.97% | 2.21% | 2.26% | 4.56% | -2.63% | 4.14% | 3.08% | 0.92% | 7.43% | 0.93% | 0.11% | 36.83% |
| 2016 | -5.88% | -1.00% | 8.90% | -4.70% | 5.50% | -2.65% | 7.94% | 2.17% | 2.66% | -0.71% | 0.61% | 1.41% | 13.91% |
| 2015 | -3.57% | 8.28% | -2.76% | 1.53% | 2.55% | -3.90% | 2.22% | -5.78% | -1.45% | 10.74% | 1.04% | -2.72% | 4.97% |
| 2014 | -2.25% | 4.87% | -0.16% | -0.94% | 3.54% | 3.10% | 0.55% | 4.19% | -1.25% | 1.93% | 4.83% | -1.09% | 18.34% |
| 2013 | 0.55% | 3.14% | 4.43% | 8.30% |
Expense Ratio
FTEC has an expense ratio of 0.08%, which is considered low compared to other funds.
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current rank of FTEC is 56, suggesting that the investment has average results relative to other ETFs in terms of risk-adjusted performance. This ranking is determined by the cumulative values of the indicators listed below.
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for Fidelity MSCI Information Technology Index ETF (FTEC) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
Fidelity MSCI Information Technology Index ETF provided a 0.62% dividend yield over the last twelve months, with an annual payout of $1.13 per share. The fund has been increasing its distributions for 2 consecutive years.
| Period | TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $1.13 | $1.11 | $0.88 | $0.85 | $0.86 | $0.75 | $0.59 | $0.48 | $0.46 | $0.42 | $0.35 | $0.05 |
Dividend yield | 0.62% | 0.77% | 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 | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | $0.00 | $0.00 | $0.24 | $0.00 | $0.00 | $0.23 | $0.00 | $0.00 | $0.23 | $0.00 | $0.00 | $0.69 | |
| 2023 | $0.00 | $0.00 | $0.23 | $0.00 | $0.00 | $0.22 | $0.00 | $0.00 | $0.22 | $0.00 | $0.00 | $0.43 | $1.11 |
| 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 | $0.88 |
| 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 | $0.85 |
| 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 | $0.86 |
| 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 | $0.75 |
| 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 | $0.59 |
| 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 | $0.48 |
| 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 | $0.46 |
| 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 | $0.42 |
| 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 | $0.35 |
| 2013 | $0.05 | $0.05 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
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.
The current Fidelity MSCI Information Technology Index ETF drawdown is 2.02%.
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 |
| -15.24% | Jul 11, 2024 | 20 | Aug 7, 2024 | 47 | Oct 14, 2024 | 67 |
Volatility
Volatility Chart
The current Fidelity MSCI Information Technology Index ETF volatility is 6.64%, 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.