FIDI vs. FTEC
FIDI (Fidelity International High Dividend ETF) and FTEC (Fidelity MSCI Information Technology Index ETF) are both exchange-traded funds - FIDI is a Foreign Large Cap Equities fund tracking the Fidelity® International High Dividend 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, FIDI returned 10.43%/yr vs 22.49%/yr for FTEC. A 0.50 correlation means they provide meaningful diversification when combined. FIDI charges 0.39%/yr vs 0.08%/yr for FTEC.
Performance
FIDI vs. FTEC - Performance Comparison
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Returns By Period
In the year-to-date period, FIDI achieves a 8.93% return, which is significantly lower than FTEC's 31.89% return.
FIDI
- 1D
- -0.57%
- 1M
- 0.38%
- YTD
- 8.93%
- 6M
- 12.21%
- 1Y
- 25.24%
- 3Y*
- 19.10%
- 5Y*
- 10.43%
- 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%
FIDI vs. FTEC - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
FIDI Fidelity International High Dividend ETF | 8.93% | 39.34% | -0.06% | 16.28% | -4.73% | 16.87% | -11.68% | 15.47% | -20.16% |
FTEC Fidelity MSCI Information Technology Index ETF | 31.89% | 22.11% | 29.40% | 53.30% | -29.59% | 30.49% | 45.83% | 48.93% | -6.63% |
Correlation
The correlation between FIDI and FTEC is 0.39, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.39 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.42 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.49 |
Correlation (All Time) Calculated using the full available price history since Jan 19, 2018 | 0.50 |
The correlation between FIDI and FTEC shifts across timeframes, from 0.39 (1 year) to 0.50 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
FIDI vs. FTEC — Risk / Return Rank
FIDI
FTEC
FIDI vs. FTEC - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity International High Dividend ETF (FIDI) 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.
| FIDI | FTEC | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.78 | ||
| Sortino ratioReturn per unit of downside risk | -0.69 | ||
| Omega ratioGain probability vs. loss probability | 1.39 | 1.48 | -0.09 |
| Calmar ratioReturn relative to maximum drawdown | 3.65 | 3.76 | -0.12 |
| Martin ratioReturn relative to average drawdown | 13.04 | 12.10 | +0.95 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| FIDI | FTEC | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.19 | 2.97 | -0.78 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.71 | 0.90 | -0.19 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 1.04 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.31 | 0.99 | -0.68 |
Drawdowns
FIDI vs. FTEC - Drawdown Comparison
The maximum FIDI drawdown since its inception was -46.34%, which is greater than FTEC's maximum drawdown of -34.95%. Use the drawdown chart below to compare losses from any high point for FIDI and FTEC.
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Drawdown Indicators
| FIDI | FTEC | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -46.34% | -34.95% | -11.39% |
Max Drawdown (1Y)Largest decline over 1 year | -6.96% | -16.26% | +9.30% |
Max Drawdown (3Y)Largest decline over 3 years | -12.09% | -27.30% | +15.21% |
Max Drawdown (5Y)Largest decline over 5 years | -26.05% | -34.95% | +8.90% |
Max Drawdown (10Y)Largest decline over 10 years | — | -34.95% | — |
Current DrawdownCurrent decline from peak | -2.24% | -1.49% | -0.75% |
Average DrawdownAverage peak-to-trough decline | -9.79% | -5.56% | -4.23% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.94% | 5.05% | -3.11% |
Volatility
FIDI vs. FTEC - Volatility Comparison
The current volatility for Fidelity International High Dividend ETF (FIDI) is 3.09%, while Fidelity MSCI Information Technology Index ETF (FTEC) has a volatility of 6.43%. This indicates that FIDI 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.
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Volatility by Period
| FIDI | FTEC | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.09% | 6.43% | -3.34% |
Volatility (6M)Calculated over the trailing 6-month period | 9.00% | 16.14% | -7.14% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.60% | 20.63% | -9.03% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.84% | 25.23% | -10.39% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.73% | 24.69% | -5.96% |
FIDI vs. FTEC - Expense Ratio Comparison
FIDI has a 0.39% expense ratio, which is higher than FTEC's 0.08% expense ratio.
Dividends
FIDI vs. FTEC - Dividend Comparison
FIDI's dividend yield for the trailing twelve months is around 4.13%, more than FTEC's 0.32% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FIDI Fidelity International High Dividend ETF | 4.13% | 4.33% | 5.72% | 4.80% | 5.09% | 4.00% | 3.36% | 4.26% | 4.37% | 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
FIDI and FTEC have a correlation of 0.39, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FTEC has higher volatility (6.43%) compared to FIDI (3.09%). In terms of maximum drawdown, FIDI dropped -46.34% vs FTEC's -34.95%.
On 5-year performance, FTEC leads with 22.49% vs 10.43% for FIDI. On fees, FTEC is cheaper at 0.08% per year. On volatility, FIDI has been the lower-risk option at 3.09%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, FTEC has performed better with a 22.49% return vs 10.43%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
FTEC is cheaper with a 0.08% expense ratio, compared with 0.39% for FIDI.
FIDI has the higher dividend yield at 4.13%, compared with 0.32% for FTEC.
FIDI is categorized as Foreign Large Cap Equities, while FTEC is Technology Equities. FIDI tracks Fidelity® International High Dividend Index, while FTEC tracks MSCI USA IMI Information Technology 25/50 Index. Their fees differ too: 0.39% for FIDI and 0.08% for FTEC.
FTEC currently has the higher Sharpe Ratio (2.97 vs 2.19), 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.
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