FTEC vs. XNTK

Last updated Jun 14, 2026

FTEC (Fidelity MSCI Information Technology Index ETF) and XNTK (SPDR NYSE Technology ETF) are both Technology Equities funds - FTEC tracks the MSCI USA IMI Information Technology 25/50 Index while XNTK tracks the NYSE Technology Index. Both are passively managed. Over the past 10 years, FTEC returned 24.98%/yr vs 25.25%/yr for XNTK. Their correlation of 0.93 suggests significant overlap in exposure. FTEC charges 0.08%/yr vs 0.35%/yr for XNTK.

Performance

FTEC vs. XNTK - Performance Comparison

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

Returns By Period

In the year-to-date period, FTEC achieves a 24.27% return, which is significantly lower than XNTK's 32.86% return. Both investments have delivered pretty close results over the past 10 years, with FTEC having a 24.98% annualized return and XNTK not far ahead at 25.25%.

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%

XNTK

• 1D: 0.69%
• 1M: 9.85%
• YTD: 32.86%
• 6M: 32.78%
• 1Y: 65.70%
• 3Y*: 39.05%
• 5Y*: 19.92%
• 10Y*: 25.25%

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

FTEC vs. XNTK - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
FTEC Fidelity MSCI Information Technology Index ETF	24.27%	22.11%	29.40%	53.30%	-29.59%	30.49%	45.83%	48.93%	-0.39%	36.83%
XNTK SPDR NYSE Technology ETF	32.86%	38.06%	23.49%	70.13%	-41.07%	17.63%	73.91%	38.08%	-7.13%	40.37%

Correlation

The correlation between FTEC and XNTK is 0.94, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.94
Correlation (3Y) Calculated over the trailing 3-year period	0.94
Correlation (5Y) Calculated over the trailing 5-year period	0.94
Correlation (10Y) Calculated over the trailing 10-year period	0.93
Correlation (All Time) Calculated using the full available price history since Oct 24, 2013	0.93

The correlation between FTEC and XNTK has been stable across timeframes, ranging from 0.93 to 0.94 - a consistent structural relationship.

FTEC vs. XNTK - Sectors Allocation Comparison

Sectors	FTEC	XNTK
Technology	98.3%	83.3%
Industrials	0.6%	-
Financial Services	0.5%	-
Energy	0.4%	-
Communication Services	0.0%	8.6%
Consumer Cyclical	0.0%	8.0%
Basic Materials	0.0%	-
Consumer Defensive	-	-
Healthcare	-	-
Real Estate	-	-
Utilities	-	-

Return for Risk

FTEC vs. XNTK — 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: 80
FTEC Sortino Ratio Rank: 71
FTEC Omega Ratio Rank: 73
FTEC Calmar Ratio Rank: 69
FTEC Martin Ratio Rank: 60

XNTK

XNTK Risk / Return Rank: 80
XNTK Sharpe Ratio Rank: 87
XNTK Sortino Ratio Rank: 78
XNTK Omega Ratio Rank: 81
XNTK Calmar Ratio Rank: 81
XNTK Martin Ratio Rank: 75

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. XNTK - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity MSCI Information Technology Index ETF (FTEC) and SPDR NYSE Technology ETF (XNTK). 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	XNTK	Difference
Sharpe ratio: Return per unit of total volatility	2.21	2.50	-0.28
Sortino ratio: Return per unit of downside risk	2.76	3.01	-0.25
Omega ratio: Gain probability vs. loss probability	1.37	1.42	-0.05
Calmar ratio: Return relative to maximum drawdown	3.00	3.73	-0.73
Martin ratio: Return relative to average drawdown	9.36	12.16	-2.80

FTEC vs. XNTK - Sharpe Ratio Comparison

The current FTEC Sharpe Ratio is 2.21, which is comparable to the XNTK Sharpe Ratio of 2.50. The chart below compares the historical Sharpe Ratios of FTEC and XNTK, 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. XNTK - Drawdown Comparison

The maximum FTEC drawdown since its inception was -34.95%, smaller than the maximum XNTK drawdown of -72.38%. Use the drawdown chart below to compare losses from any high point for FTEC and XNTK.

Drawdown Indicators

	FTEC	XNTK	Difference
Max Drawdown Largest peak-to-trough decline	-34.95%	-72.38%	+37.43%
Max Drawdown (1Y) Largest decline over 1 year	-16.26%	-17.00%	+0.74%
Max Drawdown (3Y) Largest decline over 3 years	-27.30%	-28.11%	+0.81%
Max Drawdown (5Y) Largest decline over 5 years	-34.95%	-48.28%	+13.33%
Max Drawdown (10Y) Largest decline over 10 years	-34.95%	-48.28%	+13.33%
Current Drawdown Current decline from peak	-7.18%	-4.70%	-2.48%
Average Drawdown Average peak-to-trough decline	-5.57%	-21.28%	+15.71%
Ulcer Index Depth and duration of drawdowns from previous peaks	5.21%	5.21%	0.00%

Volatility

FTEC vs. XNTK - Volatility Comparison

The current volatility for Fidelity MSCI Information Technology Index ETF (FTEC) is 10.02%, while SPDR NYSE Technology ETF (XNTK) has a volatility of 12.53%. This indicates that FTEC experiences smaller price fluctuations and is considered to be less risky than XNTK based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FTEC	XNTK	Difference
Volatility (1M) Calculated over the trailing 1-month period	10.02%	12.53%	-2.51%
Volatility (6M) Calculated over the trailing 6-month period	18.06%	20.87%	-2.81%
Volatility (1Y) Calculated over the trailing 1-year period	22.07%	25.43%	-3.36%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	25.45%	28.25%	-2.80%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	24.81%	26.82%	-2.01%

FTEC vs. XNTK - Expense Ratio Comparison

FTEC has a 0.08% expense ratio, which is lower than XNTK's 0.35% expense ratio.

Dividends

FTEC vs. XNTK - Dividend Comparison

FTEC's dividend yield for the trailing twelve months is around 0.34%, more than XNTK's 0.17% 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%
XNTK SPDR NYSE Technology ETF	0.17%	0.23%	0.42%	0.34%	0.85%	0.34%	0.30%	0.61%	29.64%	1.29%	0.81%	0.93%

Frequently Asked Questions

Can I hold both FTEC and XNTK in my portfolio?

With a correlation of 0.94, FTEC and XNTK 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 XNTK?

XNTK has higher volatility (12.53%) compared to FTEC (10.02%). In terms of maximum drawdown, FTEC dropped -34.95% vs XNTK's -72.38%.

Which ETF is better, FTEC or XNTK?

On 10-year performance, XNTK leads with 25.25% vs 24.98% for FTEC. On fees, FTEC is cheaper at 0.08% per year. On volatility, FTEC has been the lower-risk option at 10.02%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, FTEC or XNTK?

Over the 10-year period, XNTK has performed better with a 25.25% return vs 24.98%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, FTEC or XNTK?

FTEC is cheaper with a 0.08% expense ratio, compared with 0.35% for XNTK.

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

FTEC has the higher dividend yield at 0.34%, compared with 0.17% for XNTK.

What is the main difference between FTEC and XNTK?

FTEC tracks MSCI USA IMI Information Technology 25/50 Index, while XNTK tracks NYSE Technology Index. They also come from different issuers: Fidelity and State Street. Their fees differ too: 0.08% for FTEC and 0.35% for XNTK.

Which has better risk-adjusted returns?

XNTK currently has the higher Sharpe Ratio (2.50 vs 2.21), 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.