FTEC vs. NVDA

Last updated Jun 9, 2026

FTEC (Fidelity MSCI Information Technology Index ETF) is Technology Equities fund tracking the MSCI USA IMI Information Technology 25/50 Index, while NVDA (NVIDIA Corporation) is a stock. Over the past 10 years, FTEC returned 24.92%/yr vs 68.47%/yr for NVDA. A 0.74 correlation means they provide meaningful diversification when combined.

Performance

FTEC vs. NVDA - Performance Comparison

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

Returns By Period

In the year-to-date period, FTEC achieves a 24.80% return, which is significantly higher than NVDA's 12.01% return. Over the past 10 years, FTEC has underperformed NVDA with an annualized return of 24.92%, while NVDA has yielded a comparatively higher 68.47% annualized return.

FTEC

• 1D: 1.73%
• 1M: 4.37%
• YTD: 24.80%
• 6M: 21.50%
• 1Y: 50.91%
• 3Y*: 31.72%
• 5Y*: 21.10%
• 10Y*: 24.92%

NVDA

• 1D: 1.73%
• 1M: -2.94%
• YTD: 12.01%
• 6M: 12.58%
• 1Y: 47.43%
• 3Y*: 75.35%
• 5Y*: 64.54%
• 10Y*: 68.47%

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

FTEC vs. NVDA - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
FTEC Fidelity MSCI Information Technology Index ETF	24.80%	22.11%	29.40%	53.30%	-29.59%	30.49%	45.83%	48.93%	-0.39%	36.83%
NVDA NVIDIA Corporation	12.01%	38.92%	171.25%	239.02%	-50.26%	125.48%	122.30%	76.94%	-30.82%	81.99%

Correlation

The correlation between FTEC and NVDA is 0.70, 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	0.70
Correlation (3Y) Calculated over the trailing 3-year period	0.76
Correlation (5Y) Calculated over the trailing 5-year period	0.81
Correlation (10Y) Calculated over the trailing 10-year period	0.77
Correlation (All Time) Calculated using the full available price history since Oct 24, 2013	0.74

The correlation between FTEC and NVDA shifts across timeframes, from 0.70 (1 year) to 0.81 (5 years), reflecting how their relationship changes across market environments.

Return for Risk

FTEC vs. NVDA — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

FTEC

FTEC Risk / Return Rank: 71
FTEC Sharpe Ratio Rank: 82
FTEC Sortino Ratio Rank: 72
FTEC Omega Ratio Rank: 74
FTEC Calmar Ratio Rank: 69
FTEC Martin Ratio Rank: 61

NVDA

NVDA Risk / Return Rank: 77
NVDA Sharpe Ratio Rank: 80
NVDA Sortino Ratio Rank: 75
NVDA Omega Ratio Rank: 73
NVDA Calmar Ratio Rank: 79
NVDA Martin Ratio Rank: 79

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. NVDA - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity MSCI Information Technology Index ETF (FTEC) and NVIDIA Corporation (NVDA). 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	NVDA	Difference
Sharpe ratio: Return per unit of total volatility	2.37	1.37	+1.00
Sortino ratio: Return per unit of downside risk	2.91	1.94	+0.97
Omega ratio: Gain probability vs. loss probability	1.39	1.24	+0.16
Calmar ratio: Return relative to maximum drawdown	3.15	2.36	+0.79
Martin ratio: Return relative to average drawdown	10.02	5.73	+4.29
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. NVDA - Sharpe Ratio Comparison

The current FTEC Sharpe Ratio is 2.37, which is higher than the NVDA Sharpe Ratio of 1.37. The chart below compares the historical Sharpe Ratios of FTEC and NVDA, 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	NVDA	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.37	1.37	+1.00
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.84	1.25	-0.42
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	1.01	1.38	-0.37
Sharpe Ratio (All Time) Calculated using the full available price history	0.96	0.63	+0.33

Drawdowns

FTEC vs. NVDA - Drawdown Comparison

The maximum FTEC drawdown since its inception was -34.95%, smaller than the maximum NVDA drawdown of -89.72%. Use the drawdown chart below to compare losses from any high point for FTEC and NVDA.

Drawdown Indicators

	FTEC	NVDA	Difference
Max Drawdown Largest peak-to-trough decline	-34.95%	-89.72%	+54.77%
Max Drawdown (1Y) Largest decline over 1 year	-16.26%	-20.21%	+3.95%
Max Drawdown (3Y) Largest decline over 3 years	-27.30%	-36.88%	+9.58%
Max Drawdown (5Y) Largest decline over 5 years	-34.95%	-66.34%	+31.39%
Max Drawdown (10Y) Largest decline over 10 years	-34.95%	-66.34%	+31.39%
Current Drawdown Current decline from peak	-6.80%	-11.39%	+4.59%
Average Drawdown Average peak-to-trough decline	-5.56%	-36.20%	+30.64%
Ulcer Index Depth and duration of drawdowns from previous peaks	5.09%	8.30%	-3.21%

Volatility

FTEC vs. NVDA - Volatility Comparison

The current volatility for Fidelity MSCI Information Technology Index ETF (FTEC) is 9.45%, while NVIDIA Corporation (NVDA) has a volatility of 13.14%. This indicates that FTEC experiences smaller price fluctuations and is considered to be less risky than NVDA based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FTEC	NVDA	Difference
Volatility (1M) Calculated over the trailing 1-month period	9.45%	13.14%	-3.69%
Volatility (6M) Calculated over the trailing 6-month period	17.51%	26.37%	-8.86%
Volatility (1Y) Calculated over the trailing 1-year period	21.65%	34.81%	-13.16%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	25.38%	51.75%	-26.37%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	24.79%	49.85%	-25.06%

Dividends

FTEC vs. NVDA - Dividend Comparison

FTEC's dividend yield for the trailing twelve months is around 0.34%, more than NVDA's 0.14% yield.

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%
NVDA NVIDIA Corporation	0.14%	0.02%	0.03%	0.03%	0.11%	0.05%	0.12%	0.27%	0.46%	0.29%	0.45%	1.20%

Frequently Asked Questions

Can I hold both FTEC and NVDA in my portfolio?

FTEC and NVDA have a correlation of 0.70, 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 NVDA?

NVDA has higher volatility (13.14%) compared to FTEC (9.45%). In terms of maximum drawdown, FTEC dropped -34.95% vs NVDA's -89.72%.

Which has better risk-adjusted returns?

FTEC currently has the higher Sharpe Ratio (2.37 vs 1.37), 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.