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FTEC vs. IWM
Performance
Return for Risk
Drawdowns
Volatility
Dividends

FTEC vs. IWM

Last updated Jun 24, 2026

FTEC (Fidelity MSCI Information Technology Index ETF) and IWM (iShares Russell 2000 ETF) are both exchange-traded funds - FTEC is a Technology Equities fund tracking the MSCI USA IMI Information Technology 25/50 Index, while IWM is a Small Cap Blend Equities fund tracking the Russell 2000 Index. Both are passively managed. Over the past 10 years, FTEC returned 25.28%/yr vs 11.58%/yr for IWM. A 0.72 correlation means they provide meaningful diversification when combined. FTEC charges 0.08%/yr vs 0.19%/yr for IWM.

Performance

FTEC vs. IWM - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity MSCI Information Technology Index ETF (FTEC) and iShares Russell 2000 ETF (IWM). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, FTEC achieves a 23.56% return, which is significantly higher than IWM's 20.47% return. Over the past 10 years, FTEC has outperformed IWM with an annualized return of 25.28%, while IWM has yielded a comparatively lower 11.58% 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%

IWM

1D
-0.96%
1M
3.82%
YTD
20.47%
6M
17.64%
1Y
40.90%
3Y*
19.22%
5Y*
6.27%
10Y*
11.58%
*Multi-year figures are annualized to reflect compound growth (CAGR)

FTEC vs. IWM - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
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%
IWM
iShares Russell 2000 ETF		20.47%12.66%11.38%16.83%-20.48%14.54%20.03%25.39%-11.12%14.58%

Correlation

The correlation between FTEC and IWM is 0.66, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.66

Correlation (3Y)
Calculated over the trailing 3-year period

0.65

Correlation (5Y)
Calculated over the trailing 5-year period

0.72

Correlation (10Y)
Calculated over the trailing 10-year period

0.70

Correlation (All Time)
Calculated using the full available price history since Oct 24, 2013

0.72

The correlation between FTEC and IWM has been stable across timeframes, ranging from 0.65 to 0.72 - a consistent structural relationship.

FTEC vs. IWM - Sectors Allocation Comparison

Sectors
FTEC
IWM

Technology

98.3%
20.1%

Industrials

0.6%
17.3%

Financial Services

0.6%
15.5%

Energy

0.3%
6.0%

Communication Services

0.0%
1.7%

Consumer Cyclical

0.0%
8.0%

Basic Materials

0.0%
4.5%

Consumer Defensive

-

2.0%

Healthcare

-

15.6%

Real Estate

-

5.5%

Utilities

-

3.1%

Technology

FTEC
98.3%
IWM
20.1%

Industrials

FTEC
0.6%
IWM
17.3%

Financial Services

FTEC
0.6%
IWM
15.5%

Energy

FTEC
0.3%
IWM
6.0%

Communication Services

FTEC
0.0%
IWM
1.7%

Consumer Cyclical

FTEC
0.0%
IWM
8.0%

Basic Materials

FTEC
0.0%
IWM
4.5%

Consumer Defensive

FTEC

-

IWM
2.0%

Healthcare

FTEC

-

IWM
15.6%

Real Estate

FTEC

-

IWM
5.5%

Utilities

FTEC

-

IWM
3.1%

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

Fidelity MSCI Information Technology Index ETF

iShares Russell 2000 ETF

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FTEC vs. VGTFTEC vs. QQQMFTEC vs. QQQFTEC vs. FSPTXFTEC vs. XLKFTEC vs. FXAIXFTEC vs. SMH
Often compared with IWM:
IWM vs. SPYIWM vs. VTWOIWM vs. IJRIWM vs. AVUVIWM vs. IWNIWM vs. VOOIWM vs. TNA

Return for Risk

FTEC vs. IWM — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
FTEC
FTEC Risk / Return Rank: 6060
Overall Rank
FTEC Sharpe Ratio Rank: 6767
Sharpe Ratio Rank
FTEC Sortino Ratio Rank: 5757
Sortino Ratio Rank
FTEC Omega Ratio Rank: 5959
Omega Ratio Rank
FTEC Calmar Ratio Rank: 6262
Calmar Ratio Rank
FTEC Martin Ratio Rank: 5454
Martin Ratio Rank
IWM
IWM Risk / Return Rank: 6767
Overall Rank
IWM Sharpe Ratio Rank: 6666
Sharpe Ratio Rank
IWM Sortino Ratio Rank: 6464
Sortino Ratio Rank
IWM Omega Ratio Rank: 5757
Omega Ratio Rank
IWM Calmar Ratio Rank: 7575
Calmar Ratio Rank
IWM Martin Ratio Rank: 7373
Martin Ratio Rank
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. IWM - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity MSCI Information Technology Index ETF (FTEC) and iShares Russell 2000 ETF (IWM). 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.

FTECIWMDifference
Sharpe ratioReturn per unit of total volatility
2.10
2.08

+0.01

Sortino ratioReturn per unit of downside risk
2.63
2.86

-0.23

Omega ratioGain probability vs. loss probability

1.35

1.34

+0.01

Calmar ratioReturn relative to maximum drawdown

2.94

3.73

-0.79

Martin ratioReturn relative to average drawdown

9.03

13.18

-4.15

FTEC vs. IWM - Sharpe Ratio Comparison

The current FTEC Sharpe Ratio is 2.10, which is comparable to the IWM Sharpe Ratio of 2.08. The chart below compares the historical Sharpe Ratios of FTEC and IWM, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Drawdowns

FTEC vs. IWM - Drawdown Comparison

The maximum FTEC drawdown since its inception was -34.95%, smaller than the maximum IWM drawdown of -59.05%. Use the drawdown chart below to compare losses from any high point for FTEC and IWM.

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Drawdown Indicators

FTECIWMDifference

Max Drawdown

Largest peak-to-trough decline

-34.95%

-59.05%

+24.10%

Max Drawdown (1Y)

Largest decline over 1 year

-16.26%

-11.03%

-5.23%

Max Drawdown (3Y)

Largest decline over 3 years

-27.30%

-27.50%

+0.20%

Max Drawdown (5Y)

Largest decline over 5 years

-34.95%

-31.91%

-3.04%

Max Drawdown (10Y)

Largest decline over 10 years

-34.95%

-41.13%

+6.18%

Current Drawdown

Current decline from peak

-7.72%

-0.96%

-6.76%

Average Drawdown

Average peak-to-trough decline

-5.57%

-10.75%

+5.18%

Ulcer Index

Depth and duration of drawdowns from previous peaks

5.28%

3.11%

+2.17%

Volatility

FTEC vs. IWM - Volatility Comparison

Fidelity MSCI Information Technology Index ETF (FTEC) has a higher volatility of 11.42% compared to iShares Russell 2000 ETF (IWM) at 6.56%. This indicates that FTEC's price experiences larger fluctuations and is considered to be riskier than IWM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

FTECIWMDifference

Volatility (1M)

Calculated over the trailing 1-month period

11.42%

6.56%

+4.86%

Volatility (6M)

Calculated over the trailing 6-month period

18.65%

14.31%

+4.34%

Volatility (1Y)

Calculated over the trailing 1-year period

22.79%

19.74%

+3.05%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

25.60%

22.61%

+2.99%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

24.86%

23.06%

+1.80%

FTEC vs. IWM - Expense Ratio Comparison

FTEC has a 0.08% expense ratio, which is lower than IWM's 0.19% 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. IWM - Dividend Comparison

FTEC's dividend yield for the trailing twelve months is around 0.36%, less than IWM's 0.90% yield.

PositionTTM20252024202320222021202020192018201720162015
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%
IWM
iShares Russell 2000 ETF		0.90%1.04%1.15%1.35%1.48%0.94%1.04%1.26%1.40%1.26%1.38%1.54%

Frequently Asked Questions

FTEC and IWM have a correlation of 0.66, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

FTEC has higher volatility (11.42%) compared to IWM (6.56%). In terms of maximum drawdown, FTEC dropped -34.95% vs IWM's -59.05%.

On 10-year performance, FTEC leads with 25.28% vs 11.58% for IWM. On fees, FTEC is cheaper at 0.08% per year. On volatility, IWM has been the lower-risk option at 6.56%. The better choice depends on whether you care most about return, fees, risk, or income.

Over the 10-year period, FTEC has performed better with a 25.28% return vs 11.58%. 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 0.19% for IWM.

IWM has the higher dividend yield at 0.90%, compared with 0.36% for FTEC.

FTEC is categorized as Technology Equities, while IWM is Small Cap Blend Equities. FTEC tracks MSCI USA IMI Information Technology 25/50 Index, while IWM tracks Russell 2000 Index. They also come from different issuers: Fidelity and iShares. Their fees differ too: 0.08% for FTEC and 0.19% for IWM.

FTEC currently has the higher Sharpe Ratio (2.10 vs 2.08), 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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