FTEC vs. HDV

Last updated Jun 24, 2026

FTEC (Fidelity MSCI Information Technology Index ETF) and HDV (iShares Core High Dividend ETF) are both exchange-traded funds - FTEC is a Technology Equities fund tracking the MSCI USA IMI Information Technology 25/50 Index, while HDV is a Dividend fund tracking the Morningstar Dividend Yield Focus Index. Both are passively managed. Over the past 10 years, FTEC returned 25.28%/yr vs 9.45%/yr for HDV. At a 0.46 correlation, their price movements are largely independent. Both charge a 0.08% expense ratio.

Performance

FTEC vs. HDV - Performance Comparison

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

Returns By Period

In the year-to-date period, FTEC achieves a 23.56% return, which is significantly higher than HDV's 14.07% return. Over the past 10 years, FTEC has outperformed HDV with an annualized return of 25.28%, while HDV has yielded a comparatively lower 9.45% annualized 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%

HDV

• 1D: 1.33%
• 1M: -1.35%
• YTD: 14.07%
• 6M: 14.08%
• 1Y: 21.06%
• 3Y*: 15.48%
• 5Y*: 11.09%
• 10Y*: 9.45%

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

FTEC vs. HDV - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
FTEC Fidelity MSCI Information Technology Index ETF	23.56%	22.11%	29.40%	53.30%	-29.59%	30.49%	45.83%	48.93%	-0.39%	36.83%
HDV iShares Core High Dividend ETF	14.07%	11.90%	14.16%	1.72%	7.05%	19.45%	-6.48%	20.22%	-3.01%	13.40%

Correlation

The correlation between FTEC and HDV is -0.17, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	-0.17
Correlation (3Y) Calculated over the trailing 3-year period	0.05
Correlation (5Y) Calculated over the trailing 5-year period	0.29
Correlation (10Y) Calculated over the trailing 10-year period	0.40
Correlation (All Time) Calculated using the full available price history since Oct 24, 2013	0.46

The correlation between FTEC and HDV shifts across timeframes, from -0.17 (1 year) to 0.46 (all time), reflecting how their relationship changes across market environments.

FTEC vs. HDV - Sectors Allocation Comparison

Sectors	FTEC	HDV
Technology	98.3%	0.2%
Industrials	0.6%	3.5%
Financial Services	0.6%	4.7%
Energy	0.3%	20.2%
Communication Services	0.0%	5.7%
Consumer Cyclical	0.0%	9.2%
Basic Materials	0.0%	0.8%
Consumer Defensive	-	24.5%
Healthcare	-	22.6%
Real Estate	-	-
Utilities	-	8.1%

Return for Risk

FTEC vs. HDV — 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

HDV

HDV Risk / Return Rank: 70
HDV Sharpe Ratio Rank: 68
HDV Sortino Ratio Rank: 73
HDV Omega Ratio Rank: 62
HDV Calmar Ratio Rank: 81
HDV Martin Ratio Rank: 64

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. HDV - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity MSCI Information Technology Index ETF (FTEC) and iShares Core High Dividend ETF (HDV). 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	HDV	Difference
Sharpe ratio: Return per unit of total volatility	2.10	2.13	-0.03
Sortino ratio: Return per unit of downside risk	2.63	3.13	-0.49
Omega ratio: Gain probability vs. loss probability	1.35	1.36	-0.01
Calmar ratio: Return relative to maximum drawdown	2.94	4.09	-1.15
Martin ratio: Return relative to average drawdown	9.03	11.19	-2.16

FTEC vs. HDV - Sharpe Ratio Comparison

The current FTEC Sharpe Ratio is 2.10, which is comparable to the HDV Sharpe Ratio of 2.13. The chart below compares the historical Sharpe Ratios of FTEC and HDV, 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. HDV - Drawdown Comparison

The maximum FTEC drawdown since its inception was -34.95%, smaller than the maximum HDV drawdown of -37.04%. Use the drawdown chart below to compare losses from any high point for FTEC and HDV.

Drawdown Indicators

	FTEC	HDV	Difference
Max Drawdown Largest peak-to-trough decline	-34.95%	-37.04%	+2.09%
Max Drawdown (1Y) Largest decline over 1 year	-16.26%	-5.18%	-11.08%
Max Drawdown (3Y) Largest decline over 3 years	-27.30%	-10.49%	-16.81%
Max Drawdown (5Y) Largest decline over 5 years	-34.95%	-15.42%	-19.53%
Max Drawdown (10Y) Largest decline over 10 years	-34.95%	-37.04%	+2.09%
Current Drawdown Current decline from peak	-7.72%	-1.35%	-6.37%
Average Drawdown Average peak-to-trough decline	-5.57%	-3.08%	-2.49%
Ulcer Index Depth and duration of drawdowns from previous peaks	5.28%	1.89%	+3.39%

Volatility

FTEC vs. HDV - Volatility Comparison

Fidelity MSCI Information Technology Index ETF (FTEC) has a higher volatility of 11.42% compared to iShares Core High Dividend ETF (HDV) at 3.64%. This indicates that FTEC's price experiences larger fluctuations and is considered to be riskier than HDV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FTEC	HDV	Difference
Volatility (1M) Calculated over the trailing 1-month period	11.42%	3.64%	+7.78%
Volatility (6M) Calculated over the trailing 6-month period	18.65%	7.61%	+11.04%
Volatility (1Y) Calculated over the trailing 1-year period	22.79%	9.93%	+12.86%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	25.60%	12.81%	+12.79%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	24.86%	15.73%	+9.13%

FTEC vs. HDV - Expense Ratio Comparison

Both FTEC and HDV have an expense ratio of 0.08%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.

Dividends

FTEC vs. HDV - Dividend Comparison

FTEC's dividend yield for the trailing twelve months is around 0.36%, less than HDV's 2.90% 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%
HDV iShares Core High Dividend ETF	2.90%	3.22%	3.67%	3.82%	3.56%	3.47%	4.07%	3.27%	3.67%	3.27%	3.28%	3.92%

Frequently Asked Questions

Can I hold both FTEC and HDV in my portfolio?

FTEC and HDV have a correlation of -0.17, 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 HDV?

FTEC has higher volatility (11.42%) compared to HDV (3.64%). In terms of maximum drawdown, FTEC dropped -34.95% vs HDV's -37.04%.

Which ETF is better, FTEC or HDV?

On 10-year performance, FTEC leads with 25.28% vs 9.45% for HDV. Both ETFs have the same 0.08% expense ratio. On volatility, HDV has been the lower-risk option at 3.64%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, FTEC or HDV?

Over the 10-year period, FTEC has performed better with a 25.28% return vs 9.45%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, FTEC or HDV?

FTEC and HDV have the same expense ratio: 0.08% per year.

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

HDV has the higher dividend yield at 2.90%, compared with 0.36% for FTEC.

What is the main difference between FTEC and HDV?

FTEC is categorized as Technology Equities, while HDV is Dividend. FTEC tracks MSCI USA IMI Information Technology 25/50 Index, while HDV tracks Morningstar Dividend Yield Focus Index. They also come from different issuers: Fidelity and iShares.

Which has better risk-adjusted returns?

HDV currently has the higher Sharpe Ratio (2.13 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.