FTEC vs. IXN

Last updated Jun 4, 2026

FTEC (Fidelity MSCI Information Technology Index ETF) and IXN (iShares Global Tech ETF) are both Technology Equities funds - FTEC tracks the MSCI USA IMI Information Technology 25/50 Index while IXN tracks the S&P Global Information Technology Sector Index. Both are passively managed. Over the past 10 years, FTEC returned 25.57%/yr vs 25.57%/yr for IXN. With a 0.98 correlation, they move nearly in lockstep. FTEC charges 0.08%/yr vs 0.46%/yr for IXN.

Performance

FTEC vs. IXN - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity MSCI Information Technology Index ETF (FTEC) and iShares Global Tech ETF (IXN). 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 lower than IXN's 41.18% return. Over a longer period, both investments have demonstrated similar performance, with their 10-year annualized returns being quite close: FTEC at 25.57% and IXN at 25.57%.

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%

IXN

• 1D: -1.00%
• 1M: 21.36%
• YTD: 41.18%
• 6M: 41.72%
• 1Y: 74.57%
• 3Y*: 36.05%
• 5Y*: 23.25%
• 10Y*: 25.57%

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

FTEC vs. IXN - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
FTEC Fidelity MSCI Information Technology Index ETF	31.89%	22.11%	29.40%	53.30%	-29.59%	30.49%	45.83%	48.93%	-0.39%	36.83%
IXN iShares Global Tech ETF	41.18%	25.25%	24.84%	52.98%	-29.86%	29.58%	43.62%	47.88%	-5.44%	41.23%

Correlation

The correlation between FTEC and IXN 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 (1Y) Calculated over the trailing 1-year period	0.97
Correlation (3Y) Calculated over the trailing 3-year period	0.98
Correlation (5Y) Calculated over the trailing 5-year period	0.98
Correlation (10Y) Calculated over the trailing 10-year period	0.98
Correlation (All Time) Calculated using the full available price history since Oct 25, 2013	0.98

The correlation between FTEC and IXN has been stable across timeframes, ranging from 0.97 to 0.98 - a consistent structural relationship.

FTEC vs. IXN - Sectors Allocation Comparison

Sectors	FTEC	IXN
Technology	98.0%	99.3%
Industrials	0.6%	0.2%
Financial Services	0.6%	-
Energy	0.4%	0.1%
Communication Services	0.0%	-
Consumer Cyclical	0.0%	-
Basic Materials	-	-
Consumer Defensive	-	-
Healthcare	-	0.1%
Real Estate	-	0.0%
Utilities	-	-

Return for Risk

FTEC vs. IXN — 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

IXN

IXN Risk / Return Rank: 88
IXN Sharpe Ratio Rank: 92
IXN Sortino Ratio Rank: 88
IXN Omega Ratio Rank: 86
IXN Calmar Ratio Rank: 89
IXN Martin Ratio Rank: 86

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. IXN - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity MSCI Information Technology Index ETF (FTEC) and iShares Global Tech ETF (IXN). 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	IXN	Difference
Sharpe ratio: Return per unit of total volatility	2.97	3.41	-0.44
Sortino ratio: Return per unit of downside risk	3.65	4.14	-0.48
Omega ratio: Gain probability vs. loss probability	1.48	1.54	-0.06
Calmar ratio: Return relative to maximum drawdown	3.76	5.43	-1.67
Martin ratio: Return relative to average drawdown	12.10	18.73	-6.63
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

FTEC vs. IXN - Sharpe Ratio Comparison

The current FTEC Sharpe Ratio is 2.97, which is comparable to the IXN Sharpe Ratio of 3.41. The chart below compares the historical Sharpe Ratios of FTEC and IXN, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	FTEC	IXN	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.97	3.41	-0.44
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.90	0.94	-0.04
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	1.04	1.05	-0.01
Sharpe Ratio (All Time) Calculated using the full available price history	0.99	0.54	+0.44

Drawdowns

FTEC vs. IXN - Drawdown Comparison

The maximum FTEC drawdown since its inception was -34.95%, smaller than the maximum IXN drawdown of -55.67%. Use the drawdown chart below to compare losses from any high point for FTEC and IXN.

Drawdown Indicators

	FTEC	IXN	Difference
Max Drawdown Largest peak-to-trough decline	-34.95%	-55.67%	+20.72%
Max Drawdown (1Y) Largest decline over 1 year	-16.26%	-13.80%	-2.46%
Max Drawdown (3Y) Largest decline over 3 years	-27.30%	-25.55%	-1.75%
Max Drawdown (5Y) Largest decline over 5 years	-34.95%	-36.30%	+1.35%
Max Drawdown (10Y) Largest decline over 10 years	-34.95%	-36.30%	+1.35%
Current Drawdown Current decline from peak	-1.49%	-1.00%	-0.49%
Average Drawdown Average peak-to-trough decline	-5.56%	-11.27%	+5.71%
Ulcer Index Depth and duration of drawdowns from previous peaks	5.05%	3.99%	+1.06%

Volatility

FTEC vs. IXN - Volatility Comparison

The current volatility for Fidelity MSCI Information Technology Index ETF (FTEC) is 6.43%, while iShares Global Tech ETF (IXN) has a volatility of 7.95%. This indicates that FTEC experiences smaller price fluctuations and is considered to be less risky than IXN based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FTEC	IXN	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.43%	7.95%	-1.52%
Volatility (6M) Calculated over the trailing 6-month period	16.14%	17.85%	-1.71%
Volatility (1Y) Calculated over the trailing 1-year period	20.63%	21.98%	-1.35%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	25.23%	24.84%	+0.39%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	24.69%	24.40%	+0.29%

FTEC vs. IXN - Expense Ratio Comparison

FTEC has a 0.08% expense ratio, which is lower than IXN's 0.46% expense ratio.

Dividends

FTEC vs. IXN - Dividend Comparison

FTEC's dividend yield for the trailing twelve months is around 0.32%, less than IXN's 0.74% 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%
IXN iShares Global Tech ETF	0.74%	1.04%	0.43%	0.55%	0.81%	0.58%	0.63%	1.06%	0.94%	0.93%	1.03%	1.12%

Frequently Asked Questions

Can I hold both FTEC and IXN in my portfolio?

With a correlation of 0.97, FTEC and IXN 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 is riskier, FTEC or IXN?

IXN has higher volatility (7.95%) compared to FTEC (6.43%). In terms of maximum drawdown, FTEC dropped -34.95% vs IXN's -55.67%.

Which ETF is better, FTEC or IXN?

On 10-year performance, IXN leads with 25.57% vs 25.57% for FTEC. On fees, FTEC is cheaper at 0.08% per year. On volatility, FTEC has been the lower-risk option at 6.43%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, FTEC or IXN?

Over the 10-year period, IXN has performed better with a 25.57% return vs 25.57%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, FTEC or IXN?

FTEC is cheaper with a 0.08% expense ratio, compared with 0.46% for IXN.

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

IXN has the higher dividend yield at 0.74%, compared with 0.32% for FTEC.

What is the main difference between FTEC and IXN?

FTEC tracks MSCI USA IMI Information Technology 25/50 Index, while IXN tracks S&P Global Information Technology Sector Index. They also come from different issuers: Fidelity and iShares. Their fees differ too: 0.08% for FTEC and 0.46% for IXN.

Which has better risk-adjusted returns?

IXN currently has the higher Sharpe Ratio (3.41 vs 2.97), 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.