FTEC vs. FZROX
Compare and contrast key facts about Fidelity MSCI Information Technology Index ETF (FTEC) and Fidelity ZERO Total Market Index Fund (FZROX).
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. FZROX is managed by Fidelity.
Performance
FTEC vs. FZROX - Performance Comparison
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FTEC vs. FZROX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
FTEC Fidelity MSCI Information Technology Index ETF | -6.12% | 22.11% | 29.40% | 53.30% | -29.59% | 30.49% | 45.83% | 48.93% | -14.70% |
FZROX Fidelity ZERO Total Market Index Fund | -3.98% | 17.23% | 23.94% | 26.20% | -19.21% | 26.00% | 20.51% | 31.15% | -12.72% |
Returns By Period
In the year-to-date period, FTEC achieves a -6.12% return, which is significantly lower than FZROX's -3.98% 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%
FZROX
- 1D
- 2.99%
- 1M
- -5.06%
- YTD
- -3.98%
- 6M
- -1.97%
- 1Y
- 17.77%
- 3Y*
- 17.96%
- 5Y*
- 10.74%
- 10Y*
- —
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FTEC vs. FZROX - Expense Ratio Comparison
FTEC has a 0.08% expense ratio, which is higher than FZROX's 0.00% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Return for Risk
FTEC vs. FZROX — Risk / Return Rank
FTEC
FZROX
FTEC vs. FZROX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity MSCI Information Technology Index ETF (FTEC) and Fidelity ZERO Total Market Index Fund (FZROX). 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 | FZROX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.10 | 0.98 | +0.12 |
Sortino ratioReturn per unit of downside risk | 1.69 | 1.50 | +0.18 |
Omega ratioGain probability vs. loss probability | 1.24 | 1.23 | +0.01 |
Calmar ratioReturn relative to maximum drawdown | 1.92 | 1.51 | +0.41 |
Martin ratioReturn relative to average drawdown | 5.93 | 7.28 | -1.35 |
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 | FZROX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.10 | 0.98 | +0.12 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.60 | 0.62 | -0.02 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.87 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.86 | 0.63 | +0.23 |
Correlation
The correlation between FTEC and FZROX is 0.89, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Dividends
FTEC vs. FZROX - Dividend Comparison
FTEC's dividend yield for the trailing twelve months is around 0.45%, less than FZROX's 1.07% 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% |
FZROX Fidelity ZERO Total Market Index Fund | 1.07% | 1.02% | 1.16% | 1.36% | 1.57% | 1.25% | 1.27% | 1.51% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
FTEC vs. FZROX - Drawdown Comparison
The maximum FTEC drawdown since its inception was -34.95%, roughly equal to the maximum FZROX drawdown of -34.96%. Use the drawdown chart below to compare losses from any high point for FTEC and FZROX.
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Drawdown Indicators
| FTEC | FZROX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -34.95% | -34.96% | +0.01% |
Max Drawdown (1Y)Largest decline over 1 year | -16.26% | -12.44% | -3.82% |
Max Drawdown (5Y)Largest decline over 5 years | -34.95% | -25.12% | -9.83% |
Max Drawdown (10Y)Largest decline over 10 years | -34.95% | — | — |
Current DrawdownCurrent decline from peak | -11.53% | -6.16% | -5.37% |
Average DrawdownAverage peak-to-trough decline | -5.61% | -5.61% | 0.00% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.27% | 2.58% | +2.69% |
Volatility
FTEC vs. FZROX - Volatility Comparison
Fidelity MSCI Information Technology Index ETF (FTEC) has a higher volatility of 8.01% compared to Fidelity ZERO Total Market Index Fund (FZROX) at 5.52%. This indicates that FTEC's price experiences larger fluctuations and is considered to be riskier than FZROX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FTEC | FZROX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.01% | 5.52% | +2.49% |
Volatility (6M)Calculated over the trailing 6-month period | 16.40% | 9.81% | +6.59% |
Volatility (1Y)Calculated over the trailing 1-year period | 27.53% | 18.68% | +8.85% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 25.11% | 17.45% | +7.66% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 24.57% | 20.28% | +4.29% |