IGM vs. FTEC

Last updated Jul 15, 2026

IGM (iShares Expanded Tech Sector ETF) and FTEC (Fidelity MSCI Information Technology Index ETF) are both Technology Equities funds - IGM tracks the S&P North American Expanded Technology Sector Index while FTEC tracks the MSCI USA IMI Information Technology 25/50 Index. Both are passively managed. Over the past 10 years, IGM returned 24.22%/yr vs 24.62%/yr for FTEC. With a 0.98 correlation, they move nearly in lockstep. IGM charges 0.39%/yr vs 0.08%/yr for FTEC.

Performance

IGM vs. FTEC - Performance Comparison

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

Returns By Period

The year-to-date returns for both investments are quite close, with IGM having a 24.02% return and FTEC slightly higher at 24.75%. Both investments have delivered pretty close results over the past 10 years, with IGM having a 24.22% annualized return and FTEC not far ahead at 24.62%.

IGM

• 1D: 1.23%
• 1M: 0.48%
• 6M: 21.44%
• YTD: 24.02%
• 1Y: 42.19%
• 3Y*: 33.84%
• 5Y*: 19.00%
• 10Y*: 24.22%

FTEC

• 1D: 1.31%
• 1M: 0.38%
• 6M: 22.90%
• YTD: 24.75%
• 1Y: 40.93%
• 3Y*: 29.00%
• 5Y*: 19.24%
• 10Y*: 24.62%

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

IGM vs. FTEC - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
IGM iShares Expanded Tech Sector ETF	24.02%	26.76%	36.99%	60.68%	-35.83%	25.72%	45.11%	41.81%	2.26%	37.20%
FTEC Fidelity MSCI Information Technology Index ETF	24.75%	22.11%	29.40%	53.30%	-29.59%	30.49%	45.83%	48.93%	-0.39%	36.83%

Correlation

The correlation between IGM and FTEC is 0.97 - 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 (1Y) Calculated over the trailing 1-year period	0.97
Correlation (3Y) Calculated over the trailing 3-year period	0.98
Correlation (5Y) Calculated over the trailing 5-year period	0.98
Correlation (10Y) Calculated over the trailing 10-year period	0.98
Correlation (All Time) Calculated using the full available price history since Oct 24, 2013	0.98

The correlation between IGM and FTEC has been stable across timeframes, ranging from 0.97 to 0.98 - a consistent structural relationship.

IGM vs. FTEC - Sectors Allocation Comparison

Sectors	IGM	FTEC
Technology	84.7%	98.6%
Communication Services	14.5%	0.0%
Industrials	0.3%	0.5%
Financial Services	0.2%	0.4%
Energy	0.2%	0.3%
Consumer Cyclical	0.0%	0.0%
Basic Materials	0.0%	0.0%
Consumer Defensive	-	-
Healthcare	-	-
Real Estate	-	-
Utilities	-	-

Return for Risk

IGM vs. FTEC — Risk / Return Rank

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

IGM

IGM Risk / Return Rank: 64
IGM Sharpe Ratio Rank: 71
IGM Sortino Ratio Rank: 64
IGM Omega Ratio Rank: 63
IGM Calmar Ratio Rank: 65
IGM Martin Ratio Rank: 59

FTEC

FTEC Risk / Return Rank: 61
FTEC Sharpe Ratio Rank: 68
FTEC Sortino Ratio Rank: 61
FTEC Omega Ratio Rank: 61
FTEC Calmar Ratio Rank: 64
FTEC Martin Ratio Rank: 53

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.

IGM vs. FTEC - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares Expanded Tech Sector ETF (IGM) 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.

	IGM	FTEC	Difference
Sharpe ratio: Return per unit of total volatility	1.81	1.76	+0.05
Sortino ratio: Return per unit of downside risk	2.35	2.27	+0.07
Omega ratio: Gain probability vs. loss probability	1.30	1.29	+0.01
Calmar ratio: Return relative to maximum drawdown	2.58	2.53	+0.05
Martin ratio: Return relative to average drawdown	8.17	7.35	+0.82

IGM vs. FTEC - Sharpe Ratio Comparison

The current IGM Sharpe Ratio is 1.81, which is comparable to the FTEC Sharpe Ratio of 1.76. The chart below compares the historical Sharpe Ratios of IGM 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

IGM vs. FTEC - Drawdown Comparison

The maximum IGM drawdown since its inception was -65.59%, which is greater than FTEC's maximum drawdown of -34.95%. Use the drawdown chart below to compare losses from any high point for IGM and FTEC.

Drawdown Indicators

	IGM	FTEC	Difference
Max Drawdown Largest peak-to-trough decline	-65.59%	-34.95%	-30.64%
Max Drawdown (1Y) Largest decline over 1 year	-16.44%	-16.26%	-0.18%
Max Drawdown (3Y) Largest decline over 3 years	-26.39%	-27.30%	+0.91%
Max Drawdown (5Y) Largest decline over 5 years	-40.68%	-34.95%	-5.73%
Max Drawdown (10Y) Largest decline over 10 years	-40.68%	-34.95%	-5.73%
Current Drawdown Current decline from peak	-6.35%	-6.83%	+0.48%
Average Drawdown Average peak-to-trough decline	-15.19%	-5.58%	-9.61%
Ulcer Index Depth and duration of drawdowns from previous peaks	5.18%	5.58%	-0.40%

Volatility

IGM vs. FTEC - Volatility Comparison

iShares Expanded Tech Sector ETF (IGM) and Fidelity MSCI Information Technology Index ETF (FTEC) have volatilities of 9.38% and 9.16%, 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

	IGM	FTEC	Difference
Volatility (1M) Calculated over the trailing 1-month period	9.38%	9.16%	+0.22%
Volatility (6M) Calculated over the trailing 6-month period	19.56%	19.43%	+0.13%
Volatility (1Y) Calculated over the trailing 1-year period	23.43%	23.41%	+0.02%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	26.21%	25.74%	+0.47%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	24.76%	24.90%	-0.14%

IGM vs. FTEC - Expense Ratio Comparison

IGM has a 0.39% expense ratio, which is higher than FTEC's 0.08% expense ratio.

Dividends

IGM vs. FTEC - Dividend Comparison

IGM's dividend yield for the trailing twelve months is around 0.14%, less than FTEC's 0.36% yield.

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%
IGM iShares Expanded Tech Sector ETF	0.14%	0.17%	0.22%	0.33%	0.66%	0.16%	0.32%	0.50%	0.57%	0.57%	0.90%	0.79%

Frequently Asked Questions

Can I hold both IGM and FTEC in my portfolio?

With a correlation of 0.97, IGM 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, IGM or FTEC?

IGM has higher volatility (9.38%) compared to FTEC (9.16%). In terms of maximum drawdown, IGM dropped -65.59% vs FTEC's -34.95%.

Which ETF is better, IGM or FTEC?

On 10-year performance, FTEC leads with 24.62% vs 24.22% for IGM. On fees, FTEC is cheaper at 0.08% per year. On volatility, FTEC has been the lower-risk option at 9.16%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, IGM or FTEC?

Over the 10-year period, FTEC has performed better with a 24.62% return vs 24.22%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, IGM or FTEC?

FTEC is cheaper with a 0.08% expense ratio, compared with 0.39% for IGM.

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

FTEC has the higher dividend yield at 0.36%, compared with 0.14% for IGM.

What is the main difference between IGM and FTEC?

IGM tracks S&P North American Expanded Technology Sector Index, while FTEC tracks MSCI USA IMI Information Technology 25/50 Index. They also come from different issuers: iShares and Fidelity. Their fees differ too: 0.39% for IGM and 0.08% for FTEC.

Which has better risk-adjusted returns?

IGM currently has the higher Sharpe Ratio (1.81 vs 1.76), 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.