FTEC vs. GXPT
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. With a 0.97 correlation, they move nearly in lockstep. FTEC charges 0.08%/yr vs 0.15%/yr for GXPT.
Performance
FTEC vs. GXPT - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, FTEC achieves a 23.56% return, which is significantly higher than GXPT's 16.86% return.
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%
GXPT
- 1D
- -3.44%
- 1M
- -0.96%
- YTD
- 16.86%
- 6M
- 15.57%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
FTEC vs. GXPT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
FTEC Fidelity MSCI Information Technology Index ETF | 23.56% | 11.40% |
GXPT Global X PureCap MSCI Information Technology ETF | 16.86% | 11.47% |
Correlation
The correlation between FTEC and GXPT is 0.97 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Jul 23, 2025 | 0.97 |
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
FTEC vs. GXPT — Risk / Return Rank
FTEC
GXPT
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
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 ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.35 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 2.94 | — | — |
| Martin ratioReturn relative to average drawdown | 9.03 | — | — |
Loading charts...
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.
Loading charts...
Drawdown Indicators
| FTEC | GXPT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -34.95% | -18.74% | -16.21% |
Max Drawdown (1Y)Largest decline over 1 year | -16.26% | — | — |
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 DrawdownCurrent decline from peak | -7.72% | -8.72% | +1.00% |
Average DrawdownAverage peak-to-trough decline | -5.57% | -5.04% | -0.53% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.28% | — | — |
Volatility
FTEC vs. GXPT - Volatility Comparison
Loading charts...
Volatility by Period
| FTEC | GXPT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 11.42% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 18.65% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 22.79% | 22.91% | -0.12% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 25.60% | 22.91% | +2.69% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 24.86% | 22.91% | +1.95% |
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 0.12% 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 | 0.12% | 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
With a correlation of 0.97, 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.
On fees, FTEC is cheaper at 0.08% per year. The better choice depends on whether you care most about return, fees, risk, or income.
FTEC is cheaper with a 0.08% expense ratio, compared with 0.15% for GXPT.
FTEC has the higher dividend yield at 0.36%, compared with 0.12% for 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.
Find the right allocation for FTEC and GXPT
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer