FTEC vs. FBND
Compare and contrast key facts about Fidelity MSCI Information Technology Index ETF (FTEC) and Fidelity Total Bond ETF (FBND).
FTEC and FBND are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. 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. FBND is an actively managed fund by Fidelity. It was launched on Oct 6, 2014.
Performance
FTEC vs. FBND - Performance Comparison
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FTEC vs. FBND - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FTEC Fidelity MSCI Information Technology Index ETF | -6.12% | 22.11% | 29.40% | 53.30% | -29.59% | 30.49% | 45.83% | 48.93% | -0.39% | 36.83% |
FBND Fidelity Total Bond ETF | 0.12% | 7.57% | 2.13% | 6.81% | -12.54% | -0.43% | 9.41% | 9.82% | -0.57% | 3.52% |
Returns By Period
In the year-to-date period, FTEC achieves a -6.12% return, which is significantly lower than FBND's 0.12% return. Over the past 10 years, FTEC has outperformed FBND with an annualized return of 21.28%, while FBND has yielded a comparatively lower 2.78% annualized return.
FTEC
- 1D
- 1.28%
- 1M
- -3.61%
- YTD
- -6.12%
- 6M
- -5.70%
- 1Y
- 30.17%
- 3Y*
- 23.47%
- 5Y*
- 15.05%
- 10Y*
- 21.28%
FBND
- 1D
- -0.02%
- 1M
- -1.32%
- YTD
- 0.12%
- 6M
- 0.77%
- 1Y
- 4.53%
- 3Y*
- 4.42%
- 5Y*
- 1.01%
- 10Y*
- 2.78%
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FTEC vs. FBND - Expense Ratio Comparison
FTEC has a 0.08% expense ratio, which is lower than FBND's 0.36% expense ratio.
Return for Risk
FTEC vs. FBND — Risk / Return Rank
FTEC
FBND
FTEC vs. FBND - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity MSCI Information Technology Index ETF (FTEC) and Fidelity Total Bond ETF (FBND). 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.
| FTEC | FBND | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.10 | 1.03 | +0.08 |
Sortino ratioReturn per unit of downside risk | 1.69 | 1.44 | +0.25 |
Omega ratioGain probability vs. loss probability | 1.24 | 1.18 | +0.06 |
Calmar ratioReturn relative to maximum drawdown | 1.92 | 1.69 | +0.23 |
Martin ratioReturn relative to average drawdown | 5.93 | 5.25 | +0.67 |
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
| FTEC | FBND | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.10 | 1.03 | +0.08 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.60 | 0.17 | +0.43 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.87 | 0.46 | +0.41 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.86 | 0.44 | +0.41 |
Correlation
The correlation between FTEC and FBND is 0.10, 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
FTEC vs. FBND - Dividend Comparison
FTEC's dividend yield for the trailing twelve months is around 0.45%, less than FBND's 4.73% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FTEC Fidelity MSCI Information Technology Index ETF | 0.45% | 0.43% | 0.49% | 0.77% | 0.93% | 0.63% | 0.83% | 1.03% | 1.20% | 0.96% | 1.25% | 1.27% |
FBND Fidelity Total Bond ETF | 4.73% | 4.70% | 4.73% | 4.26% | 3.07% | 1.86% | 4.25% | 2.90% | 2.93% | 2.56% | 2.84% | 3.26% |
Drawdowns
FTEC vs. FBND - Drawdown Comparison
The maximum FTEC drawdown since its inception was -34.95%, which is greater than FBND's maximum drawdown of -17.25%. Use the drawdown chart below to compare losses from any high point for FTEC and FBND.
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Drawdown Indicators
| FTEC | FBND | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -34.95% | -17.25% | -17.70% |
Max Drawdown (1Y)Largest decline over 1 year | -16.26% | -2.79% | -13.47% |
Max Drawdown (5Y)Largest decline over 5 years | -34.95% | -17.25% | -17.70% |
Max Drawdown (10Y)Largest decline over 10 years | -34.95% | -17.25% | -17.70% |
Current DrawdownCurrent decline from peak | -11.53% | -1.80% | -9.73% |
Average DrawdownAverage peak-to-trough decline | -5.61% | -3.38% | -2.23% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.27% | 0.90% | +4.37% |
Volatility
FTEC vs. FBND - Volatility Comparison
Fidelity MSCI Information Technology Index ETF (FTEC) has a higher volatility of 8.01% compared to Fidelity Total Bond ETF (FBND) at 1.66%. This indicates that FTEC's price experiences larger fluctuations and is considered to be riskier than FBND based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FTEC | FBND | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.01% | 1.66% | +6.35% |
Volatility (6M)Calculated over the trailing 6-month period | 16.40% | 2.62% | +13.78% |
Volatility (1Y)Calculated over the trailing 1-year period | 27.53% | 4.44% | +23.09% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 25.11% | 5.90% | +19.21% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 24.57% | 6.08% | +18.49% |