IDMO vs. FTEC

Last updated Jun 16, 2026

IDMO (Invesco S&P International Developed Momentum ETF) and FTEC (Fidelity MSCI Information Technology Index ETF) are both exchange-traded funds - IDMO is a Momentum fund tracking the S&P Momentum Developed ex U.S. & South Korea LargeMidCap Index, while FTEC is a Technology Equities fund tracking the MSCI USA IMI Information Technology 25/50 Index. Both are passively managed. Over the past 10 years, IDMO returned 12.66%/yr vs 25.51%/yr for FTEC. A 0.52 correlation means they provide meaningful diversification when combined. IDMO charges 0.25%/yr vs 0.08%/yr for FTEC.

Performance

IDMO vs. FTEC - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Invesco S&P International Developed Momentum ETF (IDMO) 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, IDMO achieves a 9.85% return, which is significantly lower than FTEC's 28.48% return. Over the past 10 years, IDMO has underperformed FTEC with an annualized return of 12.66%, while FTEC has yielded a comparatively higher 25.51% annualized return.

IDMO

• 1D: 1.55%
• 1M: 3.05%
• YTD: 9.85%
• 6M: 11.36%
• 1Y: 26.66%
• 3Y*: 25.38%
• 5Y*: 15.75%
• 10Y*: 12.66%

FTEC

• 1D: 3.38%
• 1M: 6.58%
• YTD: 28.48%
• 6M: 30.07%
• 1Y: 56.15%
• 3Y*: 31.16%
• 5Y*: 21.43%
• 10Y*: 25.51%

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

IDMO vs. FTEC - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
IDMO Invesco S&P International Developed Momentum ETF	9.85%	42.17%	12.79%	20.16%	-12.03%	14.31%	22.01%	26.09%	-16.66%	29.21%
FTEC Fidelity MSCI Information Technology Index ETF	28.48%	22.11%	29.40%	53.30%	-29.59%	30.49%	45.83%	48.93%	-0.39%	36.83%

Correlation

The correlation between IDMO and FTEC is 0.60, 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	0.60
Correlation (3Y) Calculated over the trailing 3-year period	0.59
Correlation (5Y) Calculated over the trailing 5-year period	0.63
Correlation (10Y) Calculated over the trailing 10-year period	0.56
Correlation (All Time) Calculated using the full available price history since Oct 24, 2013	0.52

The correlation between IDMO and FTEC shifts across timeframes, from 0.52 (all time) to 0.63 (5 years), reflecting how their relationship changes across market environments.

IDMO vs. FTEC - Sectors Allocation Comparison

Sectors	IDMO	FTEC
Financial Services	43.2%	0.5%
Industrials	21.3%	0.6%
Basic Materials	10.6%	0.0%
Utilities	7.9%	-
Technology	6.2%	98.3%
Consumer Defensive	2.5%	-
Communication Services	2.1%	0.0%
Real Estate	1.8%	-
Energy	1.7%	0.4%
Consumer Cyclical	1.5%	0.0%
Healthcare	1.1%	-

Return for Risk

IDMO vs. FTEC — Risk / Return Rank

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

IDMO

IDMO Risk / Return Rank: 49
IDMO Sharpe Ratio Rank: 48
IDMO Sortino Ratio Rank: 48
IDMO Omega Ratio Rank: 48
IDMO Calmar Ratio Rank: 48
IDMO Martin Ratio Rank: 55

FTEC

FTEC Risk / Return Rank: 77
FTEC Sharpe Ratio Rank: 87
FTEC Sortino Ratio Rank: 79
FTEC Omega Ratio Rank: 80
FTEC Calmar Ratio Rank: 75
FTEC Martin Ratio Rank: 65

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.

IDMO vs. FTEC - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco S&P International Developed Momentum ETF (IDMO) 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.

	IDMO	FTEC	Difference
Sharpe ratio: Return per unit of total volatility	1.50	2.54	-1.04
Sortino ratio: Return per unit of downside risk	2.19	3.11	-0.92
Omega ratio: Gain probability vs. loss probability	1.28	1.42	-0.14
Calmar ratio: Return relative to maximum drawdown	2.18	3.47	-1.29
Martin ratio: Return relative to average drawdown	8.81	10.80	-1.99

IDMO vs. FTEC - Sharpe Ratio Comparison

The current IDMO Sharpe Ratio is 1.50, which is lower than the FTEC Sharpe Ratio of 2.54. The chart below compares the historical Sharpe Ratios of IDMO and FTEC, 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

IDMO vs. FTEC - Drawdown Comparison

The maximum IDMO drawdown since its inception was -39.38%, which is greater than FTEC's maximum drawdown of -34.95%. Use the drawdown chart below to compare losses from any high point for IDMO and FTEC.

Drawdown Indicators

	IDMO	FTEC	Difference
Max Drawdown Largest peak-to-trough decline	-39.38%	-34.95%	-4.43%
Max Drawdown (1Y) Largest decline over 1 year	-12.31%	-16.26%	+3.95%
Max Drawdown (3Y) Largest decline over 3 years	-12.65%	-27.30%	+14.65%
Max Drawdown (5Y) Largest decline over 5 years	-27.07%	-34.95%	+7.88%
Max Drawdown (10Y) Largest decline over 10 years	-31.34%	-34.95%	+3.61%
Current Drawdown Current decline from peak	-0.39%	-4.04%	+3.65%
Average Drawdown Average peak-to-trough decline	-9.74%	-5.57%	-4.17%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.03%	5.21%	-2.18%

Volatility

IDMO vs. FTEC - Volatility Comparison

The current volatility for Invesco S&P International Developed Momentum ETF (IDMO) is 8.02%, while Fidelity MSCI Information Technology Index ETF (FTEC) has a volatility of 10.43%. This indicates that IDMO experiences smaller price fluctuations and is considered to be less risky than FTEC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	IDMO	FTEC	Difference
Volatility (1M) Calculated over the trailing 1-month period	8.02%	10.43%	-2.41%
Volatility (6M) Calculated over the trailing 6-month period	16.08%	18.33%	-2.25%
Volatility (1Y) Calculated over the trailing 1-year period	17.95%	22.26%	-4.31%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.05%	25.49%	-7.44%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.19%	24.84%	-6.65%

IDMO vs. FTEC - Expense Ratio Comparison

IDMO has a 0.25% expense ratio, which is higher than FTEC's 0.08% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.

Dividends

IDMO vs. FTEC - Dividend Comparison

IDMO's dividend yield for the trailing twelve months is around 3.46%, more than FTEC's 0.33% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FTEC Fidelity MSCI Information Technology Index ETF	0.33%	0.43%	0.49%	0.77%	0.93%	0.63%	0.83%	1.03%	1.20%	0.96%	1.25%	1.27%
IDMO Invesco S&P International Developed Momentum ETF	3.46%	3.71%	2.24%	2.89%	3.66%	1.81%	1.63%	2.78%	3.27%	3.08%	2.18%	2.52%

Frequently Asked Questions

Can I hold both IDMO and FTEC in my portfolio?

IDMO and FTEC have a correlation of 0.60, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, IDMO or FTEC?

FTEC has higher volatility (10.43%) compared to IDMO (8.02%). In terms of maximum drawdown, IDMO dropped -39.38% vs FTEC's -34.95%.

Which ETF is better, IDMO or FTEC?

On 10-year performance, FTEC leads with 25.51% vs 12.66% for IDMO. On fees, FTEC is cheaper at 0.08% per year. On volatility, IDMO has been the lower-risk option at 8.02%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, IDMO or FTEC?

Over the 10-year period, FTEC has performed better with a 25.51% return vs 12.66%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, IDMO or FTEC?

FTEC is cheaper with a 0.08% expense ratio, compared with 0.25% for IDMO.

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

IDMO has the higher dividend yield at 3.46%, compared with 0.33% for FTEC.

What is the main difference between IDMO and FTEC?

IDMO is categorized as Momentum, while FTEC is Technology Equities. IDMO tracks S&P Momentum Developed ex U.S. & South Korea LargeMidCap Index, while FTEC tracks MSCI USA IMI Information Technology 25/50 Index. They also come from different issuers: Invesco and Fidelity. Their fees differ too: 0.25% for IDMO and 0.08% for FTEC.

Which has better risk-adjusted returns?

FTEC currently has the higher Sharpe Ratio (2.54 vs 1.50), 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.