FTEC vs. IAUM
FTEC (Fidelity MSCI Information Technology Index ETF) and IAUM (iShares Gold Trust Micro) are both exchange-traded funds - FTEC is a Technology Equities fund tracking the MSCI USA IMI Information Technology 25/50 Index, while IAUM is a Gold fund tracking the LBMA Gold Price PM. Both are passively managed. Over the past 3 years, FTEC returned 30.29%/yr vs 29.28%/yr for IAUM. At a 0.10 correlation, their price movements are largely independent. FTEC charges 0.08%/yr vs 0.09%/yr for IAUM.
Performance
FTEC vs. IAUM - Performance Comparison
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Returns By Period
In the year-to-date period, FTEC achieves a 24.27% return, which is significantly higher than IAUM's -2.40% return.
FTEC
- 1D
- 0.61%
- 1M
- 3.09%
- YTD
- 24.27%
- 6M
- 24.36%
- 1Y
- 51.03%
- 3Y*
- 30.29%
- 5Y*
- 20.63%
- 10Y*
- 24.98%
IAUM
- 1D
- 0.10%
- 1M
- -7.37%
- YTD
- -2.40%
- 6M
- -2.08%
- 1Y
- 22.55%
- 3Y*
- 29.28%
- 5Y*
- —
- 10Y*
- —
FTEC vs. IAUM - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
FTEC Fidelity MSCI Information Technology Index ETF | 24.27% | 22.11% | 29.40% | 53.30% | -29.59% | 15.77% |
IAUM iShares Gold Trust Micro | -2.40% | 64.27% | 27.04% | 13.12% | -0.49% | 3.87% |
Correlation
The correlation between FTEC and IAUM is 0.18, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.18 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.12 |
Correlation (All Time) Calculated using the full available price history since Jun 29, 2021 | 0.10 |
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Return for Risk
FTEC vs. IAUM — Risk / Return Rank
FTEC
IAUM
FTEC vs. IAUM - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity MSCI Information Technology Index ETF (FTEC) and iShares Gold Trust Micro (IAUM). 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 | IAUM | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.32 | ||
| Sortino ratioReturn per unit of downside risk | +1.50 | ||
| Omega ratioGain probability vs. loss probability | 1.37 | 1.19 | +0.18 |
| Calmar ratioReturn relative to maximum drawdown | 3.00 | 1.00 | +2.01 |
| Martin ratioReturn relative to average drawdown | 9.36 | 2.87 | +6.49 |
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Drawdowns
FTEC vs. IAUM - Drawdown Comparison
The maximum FTEC drawdown since its inception was -34.95%, which is greater than IAUM's maximum drawdown of -24.37%. Use the drawdown chart below to compare losses from any high point for FTEC and IAUM.
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Drawdown Indicators
| FTEC | IAUM | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -34.95% | -24.37% | -10.58% |
Max Drawdown (1Y)Largest decline over 1 year | -16.26% | -24.37% | +8.11% |
Max Drawdown (3Y)Largest decline over 3 years | -27.30% | -24.37% | -2.93% |
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 | -7.18% | -21.99% | +14.81% |
Average DrawdownAverage peak-to-trough decline | -5.57% | -5.38% | -0.19% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.21% | 8.46% | -3.25% |
Volatility
FTEC vs. IAUM - Volatility Comparison
Fidelity MSCI Information Technology Index ETF (FTEC) has a higher volatility of 10.02% compared to iShares Gold Trust Micro (IAUM) at 7.71%. This indicates that FTEC's price experiences larger fluctuations and is considered to be riskier than IAUM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FTEC | IAUM | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.02% | 7.71% | +2.31% |
Volatility (6M)Calculated over the trailing 6-month period | 18.06% | 23.82% | -5.76% |
Volatility (1Y)Calculated over the trailing 1-year period | 22.07% | 27.06% | -4.99% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 25.45% | 18.05% | +7.40% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 24.81% | 18.05% | +6.76% |
FTEC vs. IAUM - Expense Ratio Comparison
FTEC has a 0.08% expense ratio, which is lower than IAUM's 0.09% 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. IAUM - Dividend Comparison
FTEC's dividend yield for the trailing twelve months is around 0.34%, while IAUM has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FTEC Fidelity MSCI Information Technology Index ETF | 0.34% | 0.43% | 0.49% | 0.77% | 0.93% | 0.63% | 0.83% | 1.03% | 1.20% | 0.96% | 1.25% | 1.27% |
IAUM iShares Gold Trust Micro | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
FTEC and IAUM have a correlation of 0.18, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FTEC has higher volatility (10.02%) compared to IAUM (7.71%). In terms of maximum drawdown, FTEC dropped -34.95% vs IAUM's -24.37%.
On 3-year performance, FTEC leads with 30.29% vs 29.28% for IAUM. On fees, FTEC is cheaper at 0.08% per year. On volatility, IAUM has been the lower-risk option at 7.71%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, FTEC has performed better with a 30.29% return vs 29.28%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
FTEC is cheaper with a 0.08% expense ratio, compared with 0.09% for IAUM.
FTEC has the higher dividend yield at 0.34%, compared with 0.00% for IAUM.
FTEC is categorized as Technology Equities, while IAUM is Gold. FTEC tracks MSCI USA IMI Information Technology 25/50 Index, while IAUM tracks LBMA Gold Price PM. They also come from different issuers: Fidelity and iShares. Their fees differ too: 0.08% for FTEC and 0.09% for IAUM.
FTEC currently has the higher Sharpe Ratio (2.21 vs 0.90), 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.
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