FTEC vs. GGTL

Last updated Jun 24, 2026

FTEC (Fidelity MSCI Information Technology Index ETF) and GGTL (Gabelli Global Technology Leaders ETF) are both Technology Equities funds. FTEC is passively managed, while GGTL is actively managed. Over the past 3 years, FTEC returned 30.58%/yr vs 21.46%/yr for GGTL. A 0.76 correlation means they provide meaningful diversification when combined. FTEC charges 0.08%/yr vs 0.90%/yr for GGTL.

Performance

FTEC vs. GGTL - Performance Comparison

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

Returns By Period

The year-to-date returns for both investments are quite close, with FTEC having a 23.56% return and GGTL slightly higher at 23.84%.

FTEC

• 1D: -3.70%
• 1M: 0.35%
• YTD: 23.56%
• 6M: 21.69%
• 1Y: 47.58%
• 3Y*: 30.58%
• 5Y*: 19.77%
• 10Y*: 25.28%

GGTL

• 1D: -4.64%
• 1M: 2.58%
• YTD: 23.84%
• 6M: 23.84%
• 1Y: 40.67%
• 3Y*: 21.46%
• 5Y*: —
• 10Y*: —

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

FTEC vs. GGTL - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
FTEC Fidelity MSCI Information Technology Index ETF	23.56%	22.11%	29.40%	53.30%	-29.31%
GGTL Gabelli Global Technology Leaders ETF	23.84%	19.78%	11.07%	18.17%	-16.10%

Correlation

The correlation between FTEC and GGTL is 0.78, 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	0.78
Correlation (3Y) Calculated over the trailing 3-year period	0.71
Correlation (All Time) Calculated using the full available price history since Jan 5, 2022	0.76

The correlation between FTEC and GGTL has been stable across timeframes, ranging from 0.71 to 0.78 - a consistent structural relationship.

FTEC vs. GGTL - Sectors Allocation Comparison

Sectors	FTEC	GGTL
Technology	98.3%	55.5%
Industrials	0.6%	0.1%
Financial Services	0.6%	-
Energy	0.3%	-
Communication Services	0.0%	2.9%
Consumer Cyclical	0.0%	0.9%
Basic Materials	0.0%	-
Consumer Defensive	-	-
Healthcare	-	-
Real Estate	-	-
Utilities	-	-

Return for Risk

FTEC vs. GGTL — Risk / Return Rank

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

FTEC

FTEC Risk / Return Rank: 60
FTEC Sharpe Ratio Rank: 67
FTEC Sortino Ratio Rank: 57
FTEC Omega Ratio Rank: 59
FTEC Calmar Ratio Rank: 62
FTEC Martin Ratio Rank: 54

GGTL

GGTL Risk / Return Rank: 76
GGTL Sharpe Ratio Rank: 73
GGTL Sortino Ratio Rank: 67
GGTL Omega Ratio Rank: 73
GGTL Calmar Ratio Rank: 87
GGTL Martin Ratio Rank: 83

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. GGTL - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity MSCI Information Technology Index ETF (FTEC) and Gabelli Global Technology Leaders ETF (GGTL). 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	GGTL	Difference
Sharpe ratio: Return per unit of total volatility	2.10	2.10	0.00
Sortino ratio: Return per unit of downside risk	2.63	2.75	-0.12
Omega ratio: Gain probability vs. loss probability	1.35	1.39	-0.04
Calmar ratio: Return relative to maximum drawdown	2.94	4.44	-1.50
Martin ratio: Return relative to average drawdown	9.03	15.15	-6.12

FTEC vs. GGTL - Sharpe Ratio Comparison

The current FTEC Sharpe Ratio is 2.10, which is comparable to the GGTL Sharpe Ratio of 2.10. The chart below compares the historical Sharpe Ratios of FTEC and GGTL, 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. GGTL - Drawdown Comparison

The maximum FTEC drawdown since its inception was -34.95%, which is greater than GGTL's maximum drawdown of -23.65%. Use the drawdown chart below to compare losses from any high point for FTEC and GGTL.

Drawdown Indicators

	FTEC	GGTL	Difference
Max Drawdown Largest peak-to-trough decline	-34.95%	-23.65%	-11.30%
Max Drawdown (1Y) Largest decline over 1 year	-16.26%	-9.20%	-7.06%
Max Drawdown (3Y) Largest decline over 3 years	-27.30%	-21.46%	-5.84%
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	-7.72%	-4.64%	-3.08%
Average Drawdown Average peak-to-trough decline	-5.57%	-7.40%	+1.83%
Ulcer Index Depth and duration of drawdowns from previous peaks	5.28%	2.69%	+2.59%

Volatility

FTEC vs. GGTL - Volatility Comparison

Fidelity MSCI Information Technology Index ETF (FTEC) and Gabelli Global Technology Leaders ETF (GGTL) have volatilities of 11.42% and 11.18%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FTEC	GGTL	Difference
Volatility (1M) Calculated over the trailing 1-month period	11.42%	11.18%	+0.24%
Volatility (6M) Calculated over the trailing 6-month period	18.65%	16.84%	+1.81%
Volatility (1Y) Calculated over the trailing 1-year period	22.79%	19.45%	+3.34%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	25.60%	18.19%	+7.41%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	24.86%	18.19%	+6.67%

FTEC vs. GGTL - Expense Ratio Comparison

FTEC has a 0.08% expense ratio, which is lower than GGTL's 0.90% expense ratio.

Dividends

FTEC vs. GGTL - Dividend Comparison

FTEC's dividend yield for the trailing twelve months is around 0.36%, less than GGTL's 0.84% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FTEC Fidelity MSCI Information Technology Index ETF	0.36%	0.43%	0.49%	0.77%	0.93%	0.63%	0.83%	1.03%	1.20%	0.96%	1.25%	1.27%
GGTL Gabelli Global Technology Leaders ETF	0.84%	1.04%	0.75%	0.84%	0.78%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both FTEC and GGTL in my portfolio?

FTEC and GGTL have a correlation of 0.78, 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 GGTL?

FTEC has higher volatility (11.42%) compared to GGTL (11.18%). In terms of maximum drawdown, FTEC dropped -34.95% vs GGTL's -23.65%.

Which ETF is better, FTEC or GGTL?

On 3-year performance, FTEC leads with 30.58% vs 21.46% for GGTL. On fees, FTEC is cheaper at 0.08% per year. On volatility, GGTL has been the lower-risk option at 11.18%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, FTEC or GGTL?

Over the 3-year period, FTEC has performed better with a 30.58% return vs 21.46%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, FTEC or GGTL?

FTEC is cheaper with a 0.08% expense ratio, compared with 0.90% for GGTL.

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

GGTL has the higher dividend yield at 0.84%, compared with 0.36% for FTEC.

What is the main difference between FTEC and GGTL?

They also come from different issuers: Fidelity and Gabelli. Their fees differ too: 0.08% for FTEC and 0.90% for GGTL.

Which has better risk-adjusted returns?

GGTL currently has the higher Sharpe Ratio (2.10 vs 2.10), 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.