FFGX vs. FTEC

Last updated Jun 4, 2026

FFGX (Fidelity Fundamental Global ex-U.S. ETF) and FTEC (Fidelity MSCI Information Technology Index ETF) are both exchange-traded funds - FFGX is a Foreign Large Cap Equities fund actively managed by Fidelity, while FTEC is a Technology Equities fund tracking the MSCI USA IMI Information Technology 25/50 Index. FFGX is actively managed, while FTEC is passively managed. Over the past year, FFGX returned 25.28% vs 60.87% for FTEC. A 0.68 correlation means they provide meaningful diversification when combined. FFGX charges 0.55%/yr vs 0.08%/yr for FTEC.

Performance

FFGX vs. FTEC - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity Fundamental Global ex-U.S. ETF (FFGX) 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, FFGX achieves a 14.06% return, which is significantly lower than FTEC's 31.89% return.

FFGX

• 1D: -0.92%
• 1M: 5.58%
• YTD: 14.06%
• 6M: 16.61%
• 1Y: 25.28%
• 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)

FFGX vs. FTEC - Yearly Performance Comparison

	2026 (YTD)	2025	2024
FFGX Fidelity Fundamental Global ex-U.S. ETF	14.06%	27.85%	-2.87%
FTEC Fidelity MSCI Information Technology Index ETF	31.89%	22.11%	0.46%

Correlation

The correlation between FFGX and FTEC is 0.70, 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	0.70
Correlation (All Time) Calculated using the full available price history since Nov 22, 2024	0.68

The correlation between FFGX and FTEC has been stable across timeframes, ranging from 0.68 to 0.70 - a consistent structural relationship.

Return for Risk

FFGX vs. FTEC — Risk / Return Rank

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

FFGX

FFGX Risk / Return Rank: 42
FFGX Sharpe Ratio Rank: 41
FFGX Sortino Ratio Rank: 40
FFGX Omega Ratio Rank: 41
FFGX Calmar Ratio Rank: 40
FFGX Martin Ratio Rank: 47

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.

FFGX vs. FTEC - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Fundamental Global ex-U.S. ETF (FFGX) 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.

	FFGX	FTEC	Difference
Sharpe ratio: Return per unit of total volatility	1.43	2.97	-1.54
Sortino ratio: Return per unit of downside risk	2.07	3.65	-1.58
Omega ratio: Gain probability vs. loss probability	1.27	1.48	-0.21
Calmar ratio: Return relative to maximum drawdown	1.97	3.76	-1.79
Martin ratio: Return relative to average drawdown	7.79	12.10	-4.30
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

FFGX vs. FTEC - Sharpe Ratio Comparison

The current FFGX Sharpe Ratio is 1.43, which is lower than the FTEC Sharpe Ratio of 2.97. The chart below compares the historical Sharpe Ratios of FFGX 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

	FFGX	FTEC	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.43	2.97	-1.54
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	1.36	0.99	+0.37

Drawdowns

FFGX vs. FTEC - Drawdown Comparison

The maximum FFGX drawdown since its inception was -14.79%, smaller than the maximum FTEC drawdown of -34.95%. Use the drawdown chart below to compare losses from any high point for FFGX and FTEC.

Drawdown Indicators

	FFGX	FTEC	Difference
Max Drawdown Largest peak-to-trough decline	-14.79%	-34.95%	+20.16%
Max Drawdown (1Y) Largest decline over 1 year	-12.86%	-16.26%	+3.40%
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	-0.92%	-1.49%	+0.57%
Average Drawdown Average peak-to-trough decline	-2.11%	-5.56%	+3.45%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.25%	5.05%	-1.80%

Volatility

FFGX vs. FTEC - Volatility Comparison

Fidelity Fundamental Global ex-U.S. ETF (FFGX) has a higher volatility of 6.77% compared to Fidelity MSCI Information Technology Index ETF (FTEC) at 6.43%. This indicates that FFGX's price experiences larger fluctuations and is considered to be riskier than FTEC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FFGX	FTEC	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.77%	6.43%	+0.34%
Volatility (6M) Calculated over the trailing 6-month period	15.62%	16.14%	-0.52%
Volatility (1Y) Calculated over the trailing 1-year period	17.76%	20.63%	-2.87%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	19.06%	25.23%	-6.17%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.06%	24.69%	-5.63%

FFGX vs. FTEC - Expense Ratio Comparison

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

Dividends

FFGX vs. FTEC - Dividend Comparison

FFGX's dividend yield for the trailing twelve months is around 1.40%, more than FTEC's 0.32% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FFGX Fidelity Fundamental Global ex-U.S. ETF	1.40%	1.62%	0.40%	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 FFGX and FTEC in my portfolio?

FFGX and FTEC have a correlation of 0.70, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, FFGX or FTEC?

FFGX has higher volatility (6.77%) compared to FTEC (6.43%). In terms of maximum drawdown, FFGX dropped -14.79% vs FTEC's -34.95%.

Which ETF is better, FFGX or FTEC?

On 1-year performance, FTEC leads with 60.87% vs 25.28% for FFGX. On fees, FTEC is cheaper at 0.08% per year. On volatility, FTEC has been the lower-risk option at 6.43%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, FFGX or FTEC?

Over the 1-year period, FTEC has performed better with a 60.87% return vs 25.28%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, FFGX or FTEC?

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

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

FFGX has the higher dividend yield at 1.40%, compared with 0.32% for FTEC.

What is the main difference between FFGX and FTEC?

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

Which has better risk-adjusted returns?

FTEC currently has the higher Sharpe Ratio (2.97 vs 1.43), 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.