FTEC vs. GXPT

Last updated Jun 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. 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

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 31.89% return, which is significantly higher than GXPT's 25.98% return.

FTEC

• 1D: -1.49%
• 1M: 18.21%
• YTD: 31.89%
• 6M: 30.74%
• 1Y: 60.87%
• 3Y*: 33.93%
• 5Y*: 22.49%
• 10Y*: 25.57%

GXPT

• 1D: -1.60%
• 1M: 17.05%
• YTD: 25.98%
• 6M: 24.94%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

FTEC vs. GXPT - Yearly Performance Comparison

	2026 (YTD)	2025
FTEC Fidelity MSCI Information Technology Index ETF	31.89%	10.59%
GXPT Global X PureCap MSCI Information Technology ETF	25.98%	10.78%

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 24, 2025	0.97

Return for Risk

FTEC vs. GXPT — 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: 80
FTEC Omega Ratio Rank: 78
FTEC Calmar Ratio Rank: 73
FTEC Martin Ratio Rank: 65

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. 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.

	FTEC	GXPT	Difference
Sharpe ratio: Return per unit of total volatility	2.97	—	—
Sortino ratio: Return per unit of downside risk	3.65	—	—
Omega ratio: Gain probability vs. loss probability	1.48	—	—
Calmar ratio: Return relative to maximum drawdown	3.76	—	—
Martin ratio: Return relative to average drawdown	12.10	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	FTEC	GXPT	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.97	—	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.90	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	1.04	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.99	2.23	-1.25

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%	—	—
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	-1.49%	-1.60%	+0.11%
Average Drawdown Average peak-to-trough decline	-5.56%	-4.93%	-0.63%
Ulcer Index Depth and duration of drawdowns from previous peaks	5.05%	—	—

Volatility

Volatility by Period

	FTEC	GXPT	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.43%	—	—
Volatility (6M) Calculated over the trailing 6-month period	16.14%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	20.63%	21.22%	-0.59%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	25.23%	21.22%	+4.01%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	24.69%	21.22%	+3.47%

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 0.32%, more than GXPT's 0.11% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FTEC Fidelity MSCI Information Technology Index ETF	0.32%	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	0.11%	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 0.97, 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.

Which ETF is better, FTEC or GXPT?

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.

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 0.32%, compared with 0.11% 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.