FTEC vs. IAK

Last updated Aug 4, 2026

FTEC (Fidelity MSCI Information Technology Index ETF) and IAK (iShares U.S. Insurance ETF) are both exchange-traded funds - FTEC is a Technology Equities fund tracking the MSCI USA IMI Information Technology 25/50 Index, while IAK is a Financials Equities fund tracking the Dow Jones U.S. Select Insurance Index. Both are passively managed. Over the past 10 years, FTEC returned 23.79%/yr vs 13.18%/yr for IAK. Their 0.39 correlation means their historical movements had little consistent relationship. FTEC charges 0.08%/yr vs 0.38%/yr for IAK.

Performance

FTEC vs. IAK - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity MSCI Information Technology Index ETF (FTEC) and iShares U.S. Insurance ETF (IAK). 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 IAK's 10.11% return. Over the past 10 years, FTEC has outperformed IAK with an annualized return of 23.79%, while IAK has yielded a comparatively lower 13.18% annualized 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%

IAK

• 1D: 0.03%
• 1M: -0.03%
• 6M: 12.56%
• YTD: 10.11%
• 1Y: 19.67%
• 3Y*: 19.67%
• 5Y*: 15.99%
• 10Y*: 13.18%
• ALL TIME*: 7.39%

*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
IAK iShares U.S. Insurance ETF	$15.27M	$20.59M	$12.29M

FTEC vs. IAK - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
FTEC Fidelity MSCI Information Technology Index ETF	22.53%	22.11%	29.40%	53.30%	-29.59%	30.49%	45.83%	48.93%	-0.39%	36.83%
IAK iShares U.S. Insurance ETF	10.11%	9.50%	28.25%	11.28%	11.33%	26.84%	-2.86%	25.94%	-11.48%	14.18%

Correlation

The correlation between FTEC and IAK is -0.24, meaning they have often moved in opposite directions in the past. This relationship can weaken or reverse as market conditions change.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	-0.24
Correlation (3Y) Balances recent behavior with more history.	0.01
Correlation (5Y) Shows whether the relationship held over a longer period.	0.23
Correlation (10Y) Provides a long-term view across more market conditions.	0.32
Correlation (All Time) Calculated using the full available price history since Oct 24, 2013	0.39

The correlation between FTEC and IAK shifts across timeframes, from -0.24 (1 year) to 0.39 (all time), reflecting how their relationship changes across market environments.

FTEC vs. IAK - Sectors Allocation Comparison

Sectors	FTEC	IAK
Technology	98.6%	-
Communication Services	0.5%	-
Financial Services	0.5%	99.3%
Industrials	0.3%	-
Energy	0.3%	-
Consumer Cyclical	0.1%	-
Basic Materials	0.0%	-
Consumer Defensive	-	-
Healthcare	-	0.7%
Real Estate	-	-
Utilities	-	-

Return for Risk

FTEC vs. IAK — 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

IAK

IAK Risk / Return Rank: 54
IAK Sharpe Ratio Rank: 49
IAK Sortino Ratio Rank: 49
IAK Omega Ratio Rank: 47
IAK Calmar Ratio Rank: 72
IAK Martin Ratio Rank: 52

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. IAK - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity MSCI Information Technology Index ETF (FTEC) and iShares U.S. Insurance ETF (IAK). 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	IAK	Difference
Sharpe ratio: Return per unit of total volatility	1.55	1.24	+0.32
Sortino ratio: Return per unit of downside risk	2.10	1.81	+0.29
Omega ratio: Gain probability vs. loss probability	1.26	1.22	+0.04
Calmar ratio: Return relative to maximum drawdown	2.32	2.59	-0.28
Martin ratio: Return relative to average drawdown	6.23	6.29	-0.07

FTEC vs. IAK - Sharpe Ratio Comparison

The current FTEC Sharpe Ratio is 1.55, which is comparable to the IAK Sharpe Ratio of 1.24. The chart below compares the historical Sharpe Ratios of FTEC and IAK, 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. IAK - Drawdown Comparison

The maximum FTEC drawdown since its inception was -34.95%, smaller than the maximum IAK drawdown of -77.38%. Use the drawdown chart below to compare losses from any high point for FTEC and IAK.

Drawdown Indicators

	FTEC	IAK	Difference
Max Drawdown Largest peak-to-trough decline	-34.95%	-77.38%	+42.43%
Max Drawdown (1Y) Largest decline over 1 year	-16.26%	-7.62%	-8.64%
Max Drawdown (3Y) Largest decline over 3 years	-27.30%	-11.58%	-15.72%
Max Drawdown (5Y) Largest decline over 5 years	-34.95%	-14.76%	-20.19%
Max Drawdown (10Y) Largest decline over 10 years	-34.95%	-44.95%	+10.00%
Current Drawdown Current decline from peak	-8.48%	-3.20%	-5.28%
Average Drawdown Average peak-to-trough decline	-5.59%	-16.01%	+10.42%
Ulcer Index Depth and duration of drawdowns from previous peaks	6.04%	3.13%	+2.91%

Volatility

FTEC vs. IAK - Volatility Comparison

Fidelity MSCI Information Technology Index ETF (FTEC) has a higher volatility of 8.41% compared to iShares U.S. Insurance ETF (IAK) at 6.56%. This indicates that FTEC's price experiences larger fluctuations and is considered to be riskier than IAK based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FTEC	IAK	Difference
Volatility (1M) Calculated over the trailing 1-month period	8.41%	6.56%	+1.85%
Volatility (6M) Calculated over the trailing 6-month period	20.16%	12.42%	+7.74%
Volatility (1Y) Calculated over the trailing 1-year period	24.30%	15.99%	+8.31%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	25.89%	18.13%	+7.76%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	24.99%	20.92%	+4.07%

FTEC vs. IAK - Expense Ratio Comparison

FTEC has a 0.08% expense ratio, which is lower than IAK's 0.38% expense ratio.

Dividends

FTEC vs. IAK - Dividend Comparison

FTEC's dividend yield for the trailing twelve months is around 0.36%, less than IAK's 2.42% 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%
IAK iShares U.S. Insurance ETF	2.42%	1.69%	1.49%	1.44%	1.69%	2.26%	2.07%	1.84%	2.33%	1.62%	1.68%	1.62%

Frequently Asked Questions

Can I hold both FTEC and IAK in my portfolio?

FTEC and IAK have a correlation of -0.24, 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 IAK?

FTEC has higher volatility (8.41%) compared to IAK (6.56%). In terms of maximum drawdown, FTEC dropped -34.95% vs IAK's -77.38%.

Which ETF is better, FTEC or IAK?

On 10-year performance, FTEC leads with 23.79% vs 13.18% for IAK. On fees, FTEC is cheaper at 0.08% per year. On volatility, IAK has been the lower-risk option at 6.56%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, FTEC or IAK?

Over the 10-year period, FTEC has performed better with a 23.79% return vs 13.18%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, FTEC or IAK?

FTEC is cheaper with a 0.08% expense ratio, compared with 0.38% for IAK.

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

IAK has the higher dividend yield at 2.42%, compared with 0.36% for FTEC.

What is the main difference between FTEC and IAK?

FTEC is categorized as Technology Equities, while IAK is Financials Equities. FTEC tracks MSCI USA IMI Information Technology 25/50 Index, while IAK tracks Dow Jones U.S. Select Insurance Index. They also come from different issuers: Fidelity and iShares. Their fees differ too: 0.08% for FTEC and 0.38% for IAK.

Which has better risk-adjusted returns?

FTEC currently has the higher Sharpe Ratio (1.55 vs 1.24), 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.