FFDI vs. FTEC

Last updated Jun 4, 2026

FFDI (Fidelity Fundamental Developed International ETF) and FTEC (Fidelity MSCI Information Technology Index ETF) are both exchange-traded funds - FFDI is a Foreign Large Cap Equities fund managed by Fidelity, while FTEC is a Technology Equities fund tracking the MSCI USA IMI Information Technology 25/50 Index. Over the past year, FFDI returned 12.65% vs 60.87% for FTEC. A 0.61 correlation means they provide meaningful diversification when combined. FFDI charges 0.55%/yr vs 0.08%/yr for FTEC.

Performance

FFDI vs. FTEC - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity Fundamental Developed International ETF (FFDI) 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, FFDI achieves a 6.62% return, which is significantly lower than FTEC's 31.89% return.

FFDI

• 1D: -0.09%
• 1M: 3.81%
• YTD: 6.62%
• 6M: 8.90%
• 1Y: 12.65%
• 3Y*: —
• 5Y*: —
• 10Y*: —

FTEC

• 1D: -1.49%
• 1M: 18.21%
• YTD: 31.89%
• 6M: 30.74%
• 1Y: 60.87%
• 3Y*: 33.93%
• 5Y*: 22.49%
• 10Y*: 25.57%

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

FFDI vs. FTEC - Yearly Performance Comparison

	2026 (YTD)	2025	2024
FFDI Fidelity Fundamental Developed International ETF	6.62%	26.66%	-2.09%
FTEC Fidelity MSCI Information Technology Index ETF	31.89%	22.11%	0.46%

Correlation

The correlation between FFDI and FTEC is 0.62, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.62
Correlation (All Time) Calculated using the full available price history since Nov 22, 2024	0.61

The correlation between FFDI and FTEC has been stable across timeframes, ranging from 0.61 to 0.62 - a consistent structural relationship.

Return for Risk

FFDI vs. FTEC — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

FFDI

FFDI Risk / Return Rank: 24
FFDI Sharpe Ratio Rank: 22
FFDI Sortino Ratio Rank: 23
FFDI Omega Ratio Rank: 22
FFDI Calmar Ratio Rank: 24
FFDI Martin Ratio Rank: 29

FTEC

FTEC Risk / Return Rank: 77
FTEC Sharpe Ratio Rank: 87
FTEC Sortino Ratio Rank: 80
FTEC Omega Ratio Rank: 78
FTEC Calmar Ratio Rank: 73
FTEC Martin Ratio Rank: 65

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.

FFDI vs. FTEC - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Fundamental Developed International ETF (FFDI) 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.

	FFDI	FTEC	Difference
Sharpe ratio: Return per unit of total volatility	0.75	2.97	-2.22
Sortino ratio: Return per unit of downside risk	1.19	3.65	-2.46
Omega ratio: Gain probability vs. loss probability	1.14	1.48	-0.34
Calmar ratio: Return relative to maximum drawdown	1.07	3.76	-2.69
Martin ratio: Return relative to average drawdown	4.03	12.10	-8.07
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

FFDI vs. FTEC - Sharpe Ratio Comparison

The current FFDI Sharpe Ratio is 0.75, which is lower than the FTEC Sharpe Ratio of 2.97. The chart below compares the historical Sharpe Ratios of FFDI 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.

Sharpe Ratios by Period

	FFDI	FTEC	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.75	2.97	-2.22
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.90	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	1.04	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.09	0.99	+0.10

Drawdowns

FFDI vs. FTEC - Drawdown Comparison

The maximum FFDI drawdown since its inception was -14.39%, smaller than the maximum FTEC drawdown of -34.95%. Use the drawdown chart below to compare losses from any high point for FFDI and FTEC.

Drawdown Indicators

	FFDI	FTEC	Difference
Max Drawdown Largest peak-to-trough decline	-14.39%	-34.95%	+20.56%
Max Drawdown (1Y) Largest decline over 1 year	-11.85%	-16.26%	+4.41%
Max Drawdown (3Y) Largest decline over 3 years	—	-27.30%	—
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	-0.89%	-1.49%	+0.60%
Average Drawdown Average peak-to-trough decline	-2.14%	-5.56%	+3.42%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.14%	5.05%	-1.91%

Volatility

FFDI vs. FTEC - Volatility Comparison

Fidelity Fundamental Developed International ETF (FFDI) and Fidelity MSCI Information Technology Index ETF (FTEC) have volatilities of 6.15% and 6.43%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FFDI	FTEC	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.15%	6.43%	-0.28%
Volatility (6M) Calculated over the trailing 6-month period	14.58%	16.14%	-1.56%
Volatility (1Y) Calculated over the trailing 1-year period	16.95%	20.63%	-3.68%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.67%	25.23%	-6.56%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.67%	24.69%	-6.02%

FFDI vs. FTEC - Expense Ratio Comparison

FFDI has a 0.55% expense ratio, which is higher than FTEC's 0.08% expense ratio.

Dividends

FFDI vs. FTEC - Dividend Comparison

FFDI's dividend yield for the trailing twelve months is around 2.07%, more than FTEC's 0.32% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FFDI Fidelity Fundamental Developed International ETF	2.07%	2.16%	0.39%	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	0.32%	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 FFDI and FTEC in my portfolio?

FFDI and FTEC have a correlation of 0.62, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, FFDI or FTEC?

FTEC has higher volatility (6.43%) compared to FFDI (6.15%). In terms of maximum drawdown, FFDI dropped -14.39% vs FTEC's -34.95%.

Which ETF is better, FFDI or FTEC?

On 1-year performance, FTEC leads with 60.87% vs 12.65% for FFDI. On fees, FTEC is cheaper at 0.08% per year. On volatility, FFDI has been the lower-risk option at 6.15%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, FFDI or FTEC?

Over the 1-year period, FTEC has performed better with a 60.87% return vs 12.65%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, FFDI or FTEC?

FTEC is cheaper with a 0.08% expense ratio, compared with 0.55% for FFDI.

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

FFDI has the higher dividend yield at 2.07%, compared with 0.32% for FTEC.

What is the main difference between FFDI and FTEC?

FFDI is categorized as Foreign Large Cap Equities, while FTEC is Technology Equities. Their fees differ too: 0.55% for FFDI and 0.08% for FTEC.

Which has better risk-adjusted returns?

FTEC currently has the higher Sharpe Ratio (2.97 vs 0.75), 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.