PortfoliosLab logoPortfoliosLab logo

Documentation

Upgrade your plan
FAAA vs. FTEC
Performance
Return for Risk
Dividends
Drawdowns
Volatility

FAAA vs. FTEC

Last updated Apr 1, 2026

Compare and contrast key facts about Fidelity AAA CLO ETF (FAAA) and Fidelity MSCI Information Technology Index ETF (FTEC).

FAAA and FTEC are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. FAAA is an actively managed fund by Fidelity. It was launched on Feb 10, 2026. FTEC is a passively managed fund by Fidelity that tracks the performance of the MSCI USA IMI Information Technology 25/50 Index. It was launched on Oct 21, 2013.

Performance

FAAA vs. FTEC - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity AAA CLO ETF (FAAA) and Fidelity MSCI Information Technology Index ETF (FTEC). The values are adjusted to include any dividend payments, if applicable.

Loading graphics...

FAAA vs. FTEC - Yearly Performance Comparison

2026 (YTD)
FAAA
Fidelity AAA CLO ETF		0.31%
FTEC
Fidelity MSCI Information Technology Index ETF		-4.34%

Returns By Period

FAAA

1D
0.04%
1M
0.06%
YTD
—
6M
—
1Y
—
3Y*
—
5Y*
—
10Y*
—

FTEC

1D
4.32%
1M
-3.83%
YTD
-7.30%
6M
-6.15%
1Y
29.59%
3Y*
22.94%
5Y*
14.76%
10Y*
21.13%
*Multi-year figures are annualized to reflect compound growth (CAGR)

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

Fidelity AAA CLO ETF

Fidelity MSCI Information Technology Index ETF

Often compared with FAAA:
FAAA vs. JAAAFAAA vs. ACLOFAAA vs. CLOAFAAA vs. PCLOFAAA vs. CLOXFAAA vs. CLOBFAAA vs. FBCG
Often compared with FTEC:
FTEC vs. VGTFTEC vs. QQQMFTEC vs. QQQFTEC vs. XLKFTEC vs. FSPTXFTEC vs. FXAIXFTEC vs. SMH

FAAA vs. FTEC - Expense Ratio Comparison

FAAA has a 0.20% expense ratio, which is higher than FTEC's 0.08% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.

FAAA
Fidelity AAA CLO ETF
FTEC
Fidelity MSCI Information Technology Index ETF

Return for Risk

FAAA vs. FTEC — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
FAAA
FTEC
FTEC Risk / Return Rank: 6868
Overall Rank
FTEC Sharpe Ratio Rank: 6565
Sharpe Ratio Rank
FTEC Sortino Ratio Rank: 6969
Sortino Ratio Rank
FTEC Omega Ratio Rank: 6767
Omega Ratio Rank
FTEC Calmar Ratio Rank: 7474
Calmar Ratio Rank
FTEC Martin Ratio Rank: 6262
Martin Ratio Rank
The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

FAAA vs. FTEC - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity AAA CLO ETF (FAAA) and Fidelity MSCI Information Technology Index ETF (FTEC). 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.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

FAAA vs. FTEC - Sharpe Ratio Comparison

Loading graphics...

Sharpe Ratios by Period

FAAAFTECDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

—

1.08

—

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

—

0.59

—

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

—

0.86

—

Sharpe Ratio (All Time)

Calculated using the full available price history

1.93

0.85

+1.08

Correlation

The correlation between FAAA and FTEC is 0.08, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.

Dividends

FAAA vs. FTEC - Dividend Comparison

FAAA's dividend yield for the trailing twelve months is around 0.62%, more than FTEC's 0.46% yield.

TTM20252024202320222021202020192018201720162015
FAAA
Fidelity AAA CLO ETF		0.62%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
FTEC
Fidelity MSCI Information Technology Index ETF		0.46%0.43%0.49%0.77%0.93%0.63%0.83%1.03%1.20%0.96%1.25%1.27%

Drawdowns

FAAA vs. FTEC - Drawdown Comparison

The maximum FAAA drawdown since its inception was -0.55%, smaller than the maximum FTEC drawdown of -34.95%. Use the drawdown chart below to compare losses from any high point for FAAA and FTEC.

Loading graphics...

Drawdown Indicators

FAAAFTECDifference

Max Drawdown

Largest peak-to-trough decline

-0.55%

-34.95%

+34.40%

Max Drawdown (1Y)

Largest decline over 1 year

—

-16.26%

—

Max Drawdown (5Y)

Largest decline over 5 years

—

-34.95%

—

Max Drawdown (10Y)

Largest decline over 10 years

—

-34.95%

—

Current Drawdown

Current decline from peak

0.00%

-12.65%

+12.65%

Average Drawdown

Average peak-to-trough decline

-0.17%

-5.61%

+5.44%

Ulcer Index

Depth and duration of drawdowns from previous peaks

—

5.22%

—

Volatility

FAAA vs. FTEC - Volatility Comparison

Loading graphics...

Volatility by Period

FAAAFTECDifference

Volatility (1M)

Calculated over the trailing 1-month period

—

7.97%

—

Volatility (6M)

Calculated over the trailing 6-month period

—

16.35%

—

Volatility (1Y)

Calculated over the trailing 1-year period

1.29%

27.51%

-26.22%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

1.29%

25.12%

-23.83%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

1.29%

24.57%

-23.28%