FTEC vs. GXPT

Last updated Aug 4, 2026

FTEC (Fidelity MSCI Information Technology Index ETF) and GXPT (Global X PureCap MSCI Information Technology ETF) are both Technology Equities funds - FTEC tracks the MSCI USA IMI Information Technology 25/50 Index while GXPT tracks the MSCI USA Information Technology PureCap Index. Both are passively managed. Over the past year, FTEC returned 37.50% vs 30.95% for GXPT. Their 0.98 correlation means they have historically moved very closely together. FTEC charges 0.08%/yr vs 0.15%/yr for GXPT.

Performance

FTEC vs. GXPT - Performance Comparison

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

Returns By Period

In the year-to-date period, FTEC achieves a 22.53% return, which is significantly higher than GXPT's 17.60% return.

FTEC

• 1D: 1.71%
• 1M: 0.31%
• 6M: 22.49%
• YTD: 22.53%
• 1Y: 37.50%
• 3Y*: 29.49%
• 5Y*: 18.32%
• 10Y*: 23.79%
• ALL TIME*: 21.60%

GXPT

• 1D: 1.42%
• 1M: 1.35%
• 6M: 19.51%
• YTD: 17.60%
• 1Y: 30.95%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 30.08%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
FTEC Fidelity MSCI Information Technology Index ETF	$86.23M	$78.73M	$94.95M
GXPT Global X PureCap MSCI Information Technology ETF	$16.90M	$9.50M	$5.80M

FTEC vs. GXPT - Yearly Performance Comparison

	2026 (YTD)	2025
FTEC Fidelity MSCI Information Technology Index ETF	22.53%	11.40%
GXPT Global X PureCap MSCI Information Technology ETF	17.60%	11.47%

Correlation

The correlation between FTEC and GXPT is 0.98 - they have historically moved very closely together. At this level, their price movements offset little of one another.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.98
Correlation (All Time) Calculated using the full available price history since Jul 23, 2025	0.98

The correlation between FTEC and GXPT has been stable across timeframes, ranging from 0.98 to 0.98 - a consistent structural relationship.

Return for Risk

FTEC vs. GXPT — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

FTEC

FTEC Risk / Return Rank: 61
FTEC Sharpe Ratio Rank: 66
FTEC Sortino Ratio Rank: 61
FTEC Omega Ratio Rank: 60
FTEC Calmar Ratio Rank: 65
FTEC Martin Ratio Rank: 52

GXPT

GXPT Risk / Return Rank: 45
GXPT Sharpe Ratio Rank: 50
GXPT Sortino Ratio Rank: 48
GXPT Omega Ratio Rank: 45
GXPT Calmar Ratio Rank: 43
GXPT Martin Ratio Rank: 39

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

FTEC vs. GXPT - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity MSCI Information Technology Index ETF (FTEC) and Global X PureCap MSCI Information Technology ETF (GXPT). 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	GXPT	Difference
Sharpe ratio: Return per unit of total volatility	1.55	1.32	+0.23
Sortino ratio: Return per unit of downside risk	2.10	1.87	+0.23
Omega ratio: Gain probability vs. loss probability	1.26	1.23	+0.04
Calmar ratio: Return relative to maximum drawdown	2.32	1.66	+0.66
Martin ratio: Return relative to average drawdown	6.23	4.35	+1.87

FTEC vs. GXPT - Sharpe Ratio Comparison

The current FTEC Sharpe Ratio is 1.55, which is comparable to the GXPT Sharpe Ratio of 1.32. The chart below compares the historical Sharpe Ratios of FTEC and GXPT, 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. GXPT - Drawdown Comparison

The maximum FTEC drawdown since its inception was -34.95%, which is greater than GXPT's maximum drawdown of -18.74%. Use the drawdown chart below to compare losses from any high point for FTEC and GXPT.

Drawdown Indicators

	FTEC	GXPT	Difference
Max Drawdown Largest peak-to-trough decline	-34.95%	-18.74%	-16.21%
Max Drawdown (1Y) Largest decline over 1 year	-16.26%	-18.74%	+2.48%
Max Drawdown (3Y) Largest decline over 3 years	-27.30%	—	—
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	-8.48%	-8.14%	-0.34%
Average Drawdown Average peak-to-trough decline	-5.59%	-5.46%	-0.13%
Ulcer Index Depth and duration of drawdowns from previous peaks	6.04%	7.13%	-1.09%

Volatility

FTEC vs. GXPT - Volatility Comparison

Fidelity MSCI Information Technology Index ETF (FTEC) has a higher volatility of 8.41% compared to Global X PureCap MSCI Information Technology ETF (GXPT) at 7.76%. This indicates that FTEC's price experiences larger fluctuations and is considered to be riskier than GXPT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FTEC	GXPT	Difference
Volatility (1M) Calculated over the trailing 1-month period	8.41%	7.76%	+0.65%
Volatility (6M) Calculated over the trailing 6-month period	20.16%	19.32%	+0.84%
Volatility (1Y) Calculated over the trailing 1-year period	24.30%	23.53%	+0.77%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	25.89%	23.28%	+2.61%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	24.99%	23.28%	+1.71%

FTEC vs. GXPT - Expense Ratio Comparison

FTEC has a 0.08% expense ratio, which is lower than GXPT's 0.15% 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. GXPT - Dividend Comparison

FTEC's dividend yield for the trailing twelve months is around 0.36%, more than GXPT's 0.22% 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%
GXPT Global X PureCap MSCI Information Technology ETF	0.22%	0.14%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both FTEC and GXPT in my portfolio?

With a correlation of 0.98, FTEC and GXPT move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which is riskier, FTEC or GXPT?

FTEC has higher volatility (8.41%) compared to GXPT (7.76%). In terms of maximum drawdown, FTEC dropped -34.95% vs GXPT's -18.74%.

Which ETF is better, FTEC or GXPT?

On 1-year performance, FTEC leads with 37.50% vs 30.95% for GXPT. On fees, FTEC is cheaper at 0.08% per year. On volatility, GXPT has been the lower-risk option at 7.76%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, FTEC or GXPT?

Over the 1-year period, FTEC has performed better with a 37.50% return vs 30.95%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, FTEC or GXPT?

FTEC is cheaper with a 0.08% expense ratio, compared with 0.15% for GXPT.

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

FTEC has the higher dividend yield at 0.36%, compared with 0.22% for GXPT.

What is the main difference between FTEC and GXPT?

FTEC tracks MSCI USA IMI Information Technology 25/50 Index, while GXPT tracks MSCI USA Information Technology PureCap Index. They also come from different issuers: Fidelity and Global X. Their fees differ too: 0.08% for FTEC and 0.15% for GXPT.

Which has better risk-adjusted returns?

FTEC currently has the higher Sharpe Ratio (1.55 vs 1.32), 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.