FTEC vs. FITLX

Last updated Jun 16, 2026

FTEC (Fidelity MSCI Information Technology Index ETF) and FITLX (Fidelity U.S. Sustainability Index Fund) are both funds - FTEC is a Technology Equities fund tracking the MSCI USA IMI Information Technology 25/50 Index, while FITLX is a Large Cap Blend Equities fund tracking the MSCI USA ESG Leaders Index. Both are passively managed. Over the past 5 years, FTEC returned 21.43%/yr vs 13.48%/yr for FITLX. Their correlation of 0.89 suggests significant overlap in exposure. FTEC charges 0.08%/yr vs 0.11%/yr for FITLX.

Performance

FTEC vs. FITLX - Performance Comparison

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

Returns By Period

In the year-to-date period, FTEC achieves a 28.48% return, which is significantly higher than FITLX's 8.86% return.

FTEC

• 1D: 3.38%
• 1M: 6.58%
• YTD: 28.48%
• 6M: 30.07%
• 1Y: 56.15%
• 3Y*: 31.16%
• 5Y*: 21.43%
• 10Y*: 25.51%

FITLX

• 1D: 0.73%
• 1M: 0.55%
• YTD: 8.86%
• 6M: 9.40%
• 1Y: 26.75%
• 3Y*: 21.29%
• 5Y*: 13.48%
• 10Y*: —

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

FTEC vs. FITLX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
FTEC Fidelity MSCI Information Technology Index ETF	28.48%	22.11%	29.40%	53.30%	-29.59%	30.49%	45.83%	48.93%	-0.39%	17.41%
FITLX Fidelity U.S. Sustainability Index Fund	8.86%	18.77%	23.59%	29.04%	-20.28%	31.55%	18.69%	31.54%	-3.32%	13.07%

Correlation

The correlation between FTEC and FITLX is 0.83, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.83
Correlation (3Y) Calculated over the trailing 3-year period	0.88
Correlation (5Y) Calculated over the trailing 5-year period	0.91
Correlation (All Time) Calculated using the full available price history since May 9, 2017	0.89

The correlation between FTEC and FITLX has been stable across timeframes, ranging from 0.83 to 0.91 - a consistent structural relationship.

Return for Risk

FTEC vs. FITLX — Risk / Return Rank

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

FTEC

FTEC Risk / Return Rank: 77
FTEC Sharpe Ratio Rank: 87
FTEC Sortino Ratio Rank: 79
FTEC Omega Ratio Rank: 80
FTEC Calmar Ratio Rank: 75
FTEC Martin Ratio Rank: 65

FITLX

FITLX Risk / Return Rank: 53
FITLX Sharpe Ratio Rank: 58
FITLX Sortino Ratio Rank: 54
FITLX Omega Ratio Rank: 54
FITLX Calmar Ratio Rank: 44
FITLX Martin Ratio Rank: 55

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.

FTEC vs. FITLX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity MSCI Information Technology Index ETF (FTEC) and Fidelity U.S. Sustainability Index Fund (FITLX). 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.

	FTEC	FITLX	Difference
Sharpe ratio: Return per unit of total volatility	2.54	1.90	+0.64
Sortino ratio: Return per unit of downside risk	3.11	2.62	+0.49
Omega ratio: Gain probability vs. loss probability	1.42	1.34	+0.08
Calmar ratio: Return relative to maximum drawdown	3.47	2.26	+1.21
Martin ratio: Return relative to average drawdown	10.80	9.69	+1.11

FTEC vs. FITLX - Sharpe Ratio Comparison

The current FTEC Sharpe Ratio is 2.54, which is higher than the FITLX Sharpe Ratio of 1.90. The chart below compares the historical Sharpe Ratios of FTEC and FITLX, 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

FTEC vs. FITLX - Drawdown Comparison

The maximum FTEC drawdown since its inception was -34.95%, roughly equal to the maximum FITLX drawdown of -34.35%. Use the drawdown chart below to compare losses from any high point for FTEC and FITLX.

Drawdown Indicators

	FTEC	FITLX	Difference
Max Drawdown Largest peak-to-trough decline	-34.95%	-34.35%	-0.60%
Max Drawdown (1Y) Largest decline over 1 year	-16.26%	-11.15%	-5.11%
Max Drawdown (3Y) Largest decline over 3 years	-27.30%	-19.99%	-7.31%
Max Drawdown (5Y) Largest decline over 5 years	-34.95%	-26.91%	-8.04%
Max Drawdown (10Y) Largest decline over 10 years	-34.95%	—	—
Current Drawdown Current decline from peak	-4.04%	-1.89%	-2.15%
Average Drawdown Average peak-to-trough decline	-5.57%	-5.06%	-0.51%
Ulcer Index Depth and duration of drawdowns from previous peaks	5.21%	2.60%	+2.61%

Volatility

FTEC vs. FITLX - Volatility Comparison

Fidelity MSCI Information Technology Index ETF (FTEC) has a higher volatility of 10.43% compared to Fidelity U.S. Sustainability Index Fund (FITLX) at 4.88%. This indicates that FTEC's price experiences larger fluctuations and is considered to be riskier than FITLX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FTEC	FITLX	Difference
Volatility (1M) Calculated over the trailing 1-month period	10.43%	4.88%	+5.55%
Volatility (6M) Calculated over the trailing 6-month period	18.33%	10.54%	+7.79%
Volatility (1Y) Calculated over the trailing 1-year period	22.26%	13.29%	+8.97%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	25.49%	17.65%	+7.84%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	24.84%	19.11%	+5.73%

FTEC vs. FITLX - Expense Ratio Comparison

FTEC has a 0.08% expense ratio, which is lower than FITLX's 0.11% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.

Dividends

FTEC vs. FITLX - Dividend Comparison

FTEC's dividend yield for the trailing twelve months is around 0.33%, less than FITLX's 1.02% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FITLX Fidelity U.S. Sustainability Index Fund	1.02%	1.11%	1.29%	1.12%	1.49%	0.99%	1.01%	1.41%	1.58%	0.76%	0.00%	0.00%
FTEC Fidelity MSCI Information Technology Index ETF	0.33%	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 FTEC and FITLX in my portfolio?

FTEC and FITLX have a correlation of 0.83, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, FTEC or FITLX?

FTEC has higher volatility (10.43%) compared to FITLX (4.88%). In terms of maximum drawdown, FTEC dropped -34.95% vs FITLX's -34.35%.

Which has better risk-adjusted returns?

FTEC currently has the higher Sharpe Ratio (2.54 vs 1.90), 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.