GTOP vs. FTEC

Last updated Jun 24, 2026

GTOP (Goldman Sachs Technology Opportunities ETF) and FTEC (Fidelity MSCI Information Technology Index ETF) are both Technology Equities funds. GTOP is actively managed, while FTEC is passively managed. With a 0.95 correlation, they move nearly in lockstep. GTOP charges 0.65%/yr vs 0.08%/yr for FTEC.

Performance

GTOP vs. FTEC - Performance Comparison

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

Returns By Period

In the year-to-date period, GTOP achieves a 20.78% return, which is significantly lower than FTEC's 23.56% return.

GTOP

• 1D: -3.08%
• 1M: 1.37%
• YTD: 20.78%
• 6M: 19.10%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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%

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

GTOP vs. FTEC - Yearly Performance Comparison

	2026 (YTD)	2025
GTOP Goldman Sachs Technology Opportunities ETF	20.78%	-1.02%
FTEC Fidelity MSCI Information Technology Index ETF	23.56%	-1.78%

Correlation

The correlation between GTOP and FTEC is 0.95 - 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 (All Time) Calculated using the full available price history since Dec 8, 2025	0.95

Return for Risk

GTOP vs. FTEC — Risk / Return Rank

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

GTOP

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

FTEC

FTEC Risk / Return Rank: 60
FTEC Sharpe Ratio Rank: 67
FTEC Sortino Ratio Rank: 57
FTEC Omega Ratio Rank: 59
FTEC Calmar Ratio Rank: 62
FTEC Martin Ratio Rank: 54

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.

GTOP vs. FTEC - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Goldman Sachs Technology Opportunities ETF (GTOP) and Fidelity MSCI Information Technology Index ETF (FTEC). 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.

	GTOP	FTEC	Difference
Sharpe ratio: Return per unit of total volatility	—	2.10	—
Sortino ratio: Return per unit of downside risk	—	2.63	—
Omega ratio: Gain probability vs. loss probability	—	1.35	—
Calmar ratio: Return relative to maximum drawdown	—	2.94	—
Martin ratio: Return relative to average drawdown	—	9.03	—

Drawdowns

GTOP vs. FTEC - Drawdown Comparison

The maximum GTOP drawdown since its inception was -14.47%, smaller than the maximum FTEC drawdown of -34.95%. Use the drawdown chart below to compare losses from any high point for GTOP and FTEC.

Drawdown Indicators

	GTOP	FTEC	Difference
Max Drawdown Largest peak-to-trough decline	-14.47%	-34.95%	+20.48%
Max Drawdown (1Y) Largest decline over 1 year	—	-16.26%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-27.30%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-34.95%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-34.95%	—
Current Drawdown Current decline from peak	-5.56%	-7.72%	+2.16%
Average Drawdown Average peak-to-trough decline	-3.45%	-5.57%	+2.12%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	5.28%	—

Volatility

Volatility by Period

	GTOP	FTEC	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	11.42%	—
Volatility (6M) Calculated over the trailing 6-month period	—	18.65%	—
Volatility (1Y) Calculated over the trailing 1-year period	24.61%	22.79%	+1.82%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	24.61%	25.60%	-0.99%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	24.61%	24.86%	-0.25%

GTOP vs. FTEC - Expense Ratio Comparison

GTOP has a 0.65% expense ratio, which is higher than FTEC's 0.08% expense ratio.

Dividends

GTOP vs. FTEC - Dividend Comparison

GTOP has not paid dividends to shareholders, while FTEC's dividend yield for the trailing twelve months is around 0.36%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
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%
GTOP Goldman Sachs Technology Opportunities ETF	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

Can I hold both GTOP and FTEC in my portfolio?

With a correlation of 0.95, GTOP and FTEC 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 ETF is better, GTOP or FTEC?

On fees, FTEC is cheaper at 0.08% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, GTOP or FTEC?

FTEC is cheaper with a 0.08% expense ratio, compared with 0.65% for GTOP.

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

FTEC has the higher dividend yield at 0.36%, compared with 0.00% for GTOP.

What is the main difference between GTOP and FTEC?

They also come from different issuers: Goldman Sachs and Fidelity. Their fees differ too: 0.65% for GTOP and 0.08% for FTEC.