FCPI vs. FTEC

Last updated Aug 2, 2026

FCPI (Fidelity Stocks for Inflation ETF) and FTEC (Fidelity MSCI Information Technology Index ETF) are both exchange-traded funds - FCPI is a Large Cap Blend Equities fund tracking the Fidelity Stocks for Inflation Factor Index, while FTEC is a Technology Equities fund tracking the MSCI USA IMI Information Technology 25/50 Index. Both are passively managed. Over the past 5 years, FCPI returned 14.10%/yr vs 18.05%/yr for FTEC. Their 0.78 correlation means they have sometimes moved together and sometimes differently. FCPI charges 0.15%/yr vs 0.08%/yr for FTEC.

Performance

FCPI vs. FTEC - Performance Comparison

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

Returns By Period

In the year-to-date period, FCPI achieves a 11.28% return, which is significantly lower than FTEC's 20.47% return.

FCPI

• 1D: 0.26%
• 1M: 1.02%
• 6M: 8.69%
• YTD: 11.28%
• 1Y: 19.25%
• 3Y*: 19.70%
• 5Y*: 14.10%
• 10Y*: —
• ALL TIME*: 14.51%

FTEC

• 1D: -0.35%
• 1M: -1.38%
• 6M: 21.39%
• YTD: 20.47%
• 1Y: 35.19%
• 3Y*: 26.88%
• 5Y*: 18.05%
• 10Y*: 23.84%
• ALL TIME*: 21.45%

*Multi-year figures are annualized to reflect compound growth (CAGR)

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
FCPI Fidelity Stocks for Inflation ETF	$1.69M	$1.26M	$987.10K
FTEC Fidelity MSCI Information Technology Index ETF	$82.97M	$78.72M	$94.67M

FCPI vs. FTEC - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
FCPI Fidelity Stocks for Inflation ETF	11.28%	16.24%	25.54%	15.40%	-7.11%	34.19%	2.19%	4.26%
FTEC Fidelity MSCI Information Technology Index ETF	20.47%	22.11%	29.40%	53.30%	-29.59%	30.49%	45.83%	8.08%

Correlation

The correlation between FCPI and FTEC is 0.78, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.78
Correlation (3Y) Balances recent behavior with more history.	0.78
Correlation (5Y) Shows whether the relationship held over a longer period.	0.79
Correlation (All Time) Calculated using the full available price history since Nov 7, 2019	0.78

The correlation between FCPI and FTEC has been stable across timeframes, ranging from 0.78 to 0.79 - a consistent structural relationship.

FCPI vs. FTEC - Sectors Allocation Comparison

Sectors	FCPI	FTEC
Technology	31.9%	98.6%
Healthcare	12.1%	-
Energy	7.7%	0.3%
Consumer Defensive	7.5%	-
Financial Services	7.0%	0.5%
Industrials	5.5%	0.3%
Basic Materials	5.3%	0.0%
Consumer Cyclical	4.7%	0.1%
Real Estate	4.4%	-
Communication Services	4.4%	0.5%
Utilities	2.1%	-

Return for Risk

FCPI vs. FTEC — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

FCPI

FCPI Risk / Return Rank: 63
FCPI Sharpe Ratio Rank: 60
FCPI Sortino Ratio Rank: 59
FCPI Omega Ratio Rank: 57
FCPI Calmar Ratio Rank: 66
FCPI Martin Ratio Rank: 73

FTEC

FTEC Risk / Return Rank: 52
FTEC Sharpe Ratio Rank: 55
FTEC Sortino Ratio Rank: 52
FTEC Omega Ratio Rank: 51
FTEC Calmar Ratio Rank: 56
FTEC Martin Ratio Rank: 47

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

FCPI vs. FTEC - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Stocks for Inflation ETF (FCPI) 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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	FCPI	FTEC	Difference
Sharpe ratio: Return per unit of total volatility	1.42	1.31	+0.10
Sortino ratio: Return per unit of downside risk	1.99	1.83	+0.16
Omega ratio: Gain probability vs. loss probability	1.25	1.23	+0.02
Calmar ratio: Return relative to maximum drawdown	2.28	1.97	+0.32
Martin ratio: Return relative to average drawdown	8.96	5.31	+3.65

FCPI vs. FTEC - Sharpe Ratio Comparison

The current FCPI Sharpe Ratio is 1.42, which is comparable to the FTEC Sharpe Ratio of 1.31. The chart below compares the historical Sharpe Ratios of FCPI and FTEC, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

FCPI vs. FTEC - Drawdown Comparison

The maximum FCPI drawdown since its inception was -37.26%, which is greater than FTEC's maximum drawdown of -34.95%. Use the drawdown chart below to compare losses from any high point for FCPI and FTEC.

Drawdown Indicators

	FCPI	FTEC	Difference
Max Drawdown Largest peak-to-trough decline	-37.26%	-34.95%	-2.31%
Max Drawdown (1Y) Largest decline over 1 year	-7.88%	-16.26%	+8.38%
Max Drawdown (3Y) Largest decline over 3 years	-17.44%	-27.30%	+9.86%
Max Drawdown (5Y) Largest decline over 5 years	-18.25%	-34.95%	+16.70%
Max Drawdown (10Y) Largest decline over 10 years	—	-34.95%	—
Current Drawdown Current decline from peak	-0.23%	-10.03%	+9.80%
Average Drawdown Average peak-to-trough decline	-4.30%	-5.59%	+1.29%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.00%	6.02%	-4.02%

Volatility

FCPI vs. FTEC - Volatility Comparison

The current volatility for Fidelity Stocks for Inflation ETF (FCPI) is 3.27%, while Fidelity MSCI Information Technology Index ETF (FTEC) has a volatility of 8.49%. This indicates that FCPI experiences smaller price fluctuations and is considered to be less risky than FTEC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FCPI	FTEC	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.27%	8.49%	-5.22%
Volatility (6M) Calculated over the trailing 6-month period	10.22%	20.19%	-9.97%
Volatility (1Y) Calculated over the trailing 1-year period	12.68%	24.35%	-11.67%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.45%	25.87%	-9.42%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	20.00%	24.98%	-4.98%

FCPI vs. FTEC - Expense Ratio Comparison

FCPI has a 0.15% 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%.

Dividends

FCPI vs. FTEC - Dividend Comparison

FCPI's dividend yield for the trailing twelve months is around 1.60%, more than FTEC's 0.37% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FCPI Fidelity Stocks for Inflation ETF	1.60%	1.74%	1.29%	1.88%	1.77%	1.19%	3.53%	0.43%	0.00%	0.00%	0.00%	0.00%
FTEC Fidelity MSCI Information Technology Index ETF	0.37%	0.43%	0.49%	0.77%	0.93%	0.63%	0.83%	1.03%	1.20%	0.96%	1.25%	1.27%

Frequently Asked Questions

Can I hold both FCPI and FTEC in my portfolio?

FCPI and FTEC have a correlation of 0.78, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, FCPI or FTEC?

FTEC has higher volatility (8.49%) compared to FCPI (3.27%). In terms of maximum drawdown, FCPI dropped -37.26% vs FTEC's -34.95%.

Which ETF is better, FCPI or FTEC?

On 5-year performance, FTEC leads with 18.05% vs 14.10% for FCPI. On fees, FTEC is cheaper at 0.08% per year. On volatility, FCPI has been the lower-risk option at 3.27%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, FCPI or FTEC?

Over the 5-year period, FTEC has performed better with a 18.05% return vs 14.10%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, FCPI or FTEC?

FTEC is cheaper with a 0.08% expense ratio, compared with 0.15% for FCPI.

Which ETF pays a higher dividend yield, FCPI or FTEC?

FCPI has the higher dividend yield at 1.60%, compared with 0.37% for FTEC.

What is the main difference between FCPI and FTEC?

FCPI is categorized as Large Cap Blend Equities, while FTEC is Technology Equities. FCPI tracks Fidelity Stocks for Inflation Factor Index, while FTEC tracks MSCI USA IMI Information Technology 25/50 Index. Their fees differ too: 0.15% for FCPI and 0.08% for FTEC.

Which has better risk-adjusted returns?

FCPI currently has the higher Sharpe Ratio (1.42 vs 1.31), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.