IETC vs. FTEC

Last updated Jun 4, 2026

IETC (iShares Evolved U.S. Technology ETF) and FTEC (Fidelity MSCI Information Technology Index ETF) are both Technology Equities funds. IETC is actively managed, while FTEC is passively managed. Over the past 5 years, IETC returned 18.23%/yr vs 22.49%/yr for FTEC. With a 0.96 correlation, they move nearly in lockstep. IETC charges 0.18%/yr vs 0.08%/yr for FTEC.

Performance

IETC vs. FTEC - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares Evolved U.S. Technology ETF (IETC) 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, IETC achieves a 13.88% return, which is significantly lower than FTEC's 31.89% return.

IETC

• 1D: -2.13%
• 1M: 11.52%
• YTD: 13.88%
• 6M: 12.87%
• 1Y: 30.45%
• 3Y*: 30.53%
• 5Y*: 18.23%
• 10Y*: —

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%

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

IETC vs. FTEC - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018
IETC iShares Evolved U.S. Technology ETF	13.88%	19.56%	37.57%	54.35%	-32.78%	29.73%	46.59%	43.09%	-3.52%
FTEC Fidelity MSCI Information Technology Index ETF	31.89%	22.11%	29.40%	53.30%	-29.59%	30.49%	45.83%	48.93%	-2.89%

Correlation

The correlation between IETC and FTEC is 0.91, 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	0.91
Correlation (3Y) Calculated over the trailing 3-year period	0.94
Correlation (5Y) Calculated over the trailing 5-year period	0.96
Correlation (All Time) Calculated using the full available price history since Mar 26, 2018	0.96

The correlation between IETC and FTEC has been stable across timeframes, ranging from 0.91 to 0.96 - a consistent structural relationship.

IETC vs. FTEC - Sectors Allocation Comparison

Sectors	IETC	FTEC
Technology	79.1%	98.0%
Communication Services	8.4%	0.0%
Consumer Cyclical	4.7%	0.0%
Industrials	3.7%	0.6%
Financial Services	3.1%	0.6%
Real Estate	0.7%	-
Healthcare	0.1%	-
Basic Materials	-	-
Consumer Defensive	-	-
Energy	-	0.4%
Utilities	-	-

Return for Risk

IETC vs. FTEC — Risk / Return Rank

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

IETC

IETC Risk / Return Rank: 34
IETC Sharpe Ratio Rank: 40
IETC Sortino Ratio Rank: 38
IETC Omega Ratio Rank: 37
IETC Calmar Ratio Rank: 29
IETC Martin Ratio Rank: 28

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

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.

IETC vs. FTEC - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares Evolved U.S. Technology ETF (IETC) 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.

	IETC	FTEC	Difference
Sharpe ratio: Return per unit of total volatility	1.46	2.97	-1.52
Sortino ratio: Return per unit of downside risk	1.98	3.65	-1.67
Omega ratio: Gain probability vs. loss probability	1.25	1.48	-0.23
Calmar ratio: Return relative to maximum drawdown	1.44	3.76	-2.32
Martin ratio: Return relative to average drawdown	4.06	12.10	-8.03
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

IETC vs. FTEC - Sharpe Ratio Comparison

The current IETC Sharpe Ratio is 1.46, which is lower than the FTEC Sharpe Ratio of 2.97. The chart below compares the historical Sharpe Ratios of IETC 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.

Sharpe Ratios by Period

	IETC	FTEC	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.46	2.97	-1.52
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.75	0.90	-0.15
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	1.04	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.87	0.99	-0.12

Drawdowns

IETC vs. FTEC - Drawdown Comparison

The maximum IETC drawdown since its inception was -38.48%, which is greater than FTEC's maximum drawdown of -34.95%. Use the drawdown chart below to compare losses from any high point for IETC and FTEC.

Drawdown Indicators

	IETC	FTEC	Difference
Max Drawdown Largest peak-to-trough decline	-38.48%	-34.95%	-3.53%
Max Drawdown (1Y) Largest decline over 1 year	-21.19%	-16.26%	-4.93%
Max Drawdown (3Y) Largest decline over 3 years	-25.17%	-27.30%	+2.13%
Max Drawdown (5Y) Largest decline over 5 years	-38.48%	-34.95%	-3.53%
Max Drawdown (10Y) Largest decline over 10 years	—	-34.95%	—
Current Drawdown Current decline from peak	-2.25%	-1.49%	-0.76%
Average Drawdown Average peak-to-trough decline	-8.14%	-5.56%	-2.58%
Ulcer Index Depth and duration of drawdowns from previous peaks	7.51%	5.05%	+2.46%

Volatility

IETC vs. FTEC - Volatility Comparison

iShares Evolved U.S. Technology ETF (IETC) and Fidelity MSCI Information Technology Index ETF (FTEC) have volatilities of 6.43% and 6.43%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	IETC	FTEC	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.43%	6.43%	0.00%
Volatility (6M) Calculated over the trailing 6-month period	16.49%	16.14%	+0.35%
Volatility (1Y) Calculated over the trailing 1-year period	21.04%	20.63%	+0.41%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	24.53%	25.23%	-0.70%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	25.37%	24.69%	+0.68%

IETC vs. FTEC - Expense Ratio Comparison

IETC has a 0.18% 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

IETC vs. FTEC - Dividend Comparison

IETC's dividend yield for the trailing twelve months is around 0.34%, more than FTEC's 0.32% 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%
IETC iShares Evolved U.S. Technology ETF	0.34%	0.38%	0.52%	0.79%	0.92%	0.73%	0.48%	0.95%	1.27%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both IETC and FTEC in my portfolio?

With a correlation of 0.91, IETC 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 is riskier, IETC or FTEC?

FTEC has higher volatility (6.43%) compared to IETC (6.43%). In terms of maximum drawdown, IETC dropped -38.48% vs FTEC's -34.95%.

Which ETF is better, IETC or FTEC?

On 5-year performance, FTEC leads with 22.49% vs 18.23% for IETC. On fees, FTEC is cheaper at 0.08% per year. Their volatility is very similar. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, IETC or FTEC?

Over the 5-year period, FTEC has performed better with a 22.49% return vs 18.23%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, IETC or FTEC?

FTEC is cheaper with a 0.08% expense ratio, compared with 0.18% for IETC.

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

IETC has the higher dividend yield at 0.34%, compared with 0.32% for FTEC.

What is the main difference between IETC and FTEC?

They also come from different issuers: iShares and Fidelity. Their fees differ too: 0.18% for IETC and 0.08% for FTEC.

Which has better risk-adjusted returns?

FTEC currently has the higher Sharpe Ratio (2.97 vs 1.46), 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.