REW vs. FTEC
REW (ProShares UltraShort Technology) and FTEC (Fidelity MSCI Information Technology Index ETF) are both exchange-traded funds - REW is a Leveraged Equities fund tracking the Dow Jones U.S. Technology Index (-200%), 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, REW returned -45.02%/yr vs 25.28%/yr for FTEC. At a correlation of -0.95, they often move in opposite directions. REW charges 0.95%/yr vs 0.08%/yr for FTEC.
Performance
REW vs. FTEC - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, REW achieves a -43.46% return, which is significantly lower than FTEC's 23.56% return. Over the past 10 years, REW has underperformed FTEC with an annualized return of -45.02%, while FTEC has yielded a comparatively higher 25.28% annualized return.
REW
- 1D
- 8.41%
- 1M
- -7.69%
- YTD
- -43.46%
- 6M
- -41.80%
- 1Y
- -59.92%
- 3Y*
- -45.10%
- 5Y*
- -37.89%
- 10Y*
- -45.02%
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%
REW vs. FTEC - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
REW ProShares UltraShort Technology | -43.46% | -43.15% | -33.70% | -61.35% | 65.72% | -53.61% | -71.34% | -56.83% | -10.02% | -49.11% |
FTEC Fidelity MSCI Information Technology Index ETF | 23.56% | 22.11% | 29.40% | 53.30% | -29.59% | 30.49% | 45.83% | 48.93% | -0.39% | 36.83% |
Correlation
The correlation between REW and FTEC is -0.99, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.99 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.98 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.99 |
Correlation (10Y) Calculated over the trailing 10-year period | -0.96 |
Correlation (All Time) Calculated using the full available price history since Oct 24, 2013 | -0.95 |
The correlation between REW and FTEC has been stable across timeframes, ranging from -0.99 to -0.95 - a consistent structural relationship.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
REW vs. FTEC — Risk / Return Rank
REW
FTEC
REW vs. FTEC - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares UltraShort Technology (REW) 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.
| REW | FTEC | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -3.36 | ||
| Sortino ratioReturn per unit of downside risk | -4.97 | ||
| Omega ratioGain probability vs. loss probability | 0.75 | 1.35 | -0.60 |
| Calmar ratioReturn relative to maximum drawdown | -0.96 | 2.94 | -3.90 |
| Martin ratioReturn relative to average drawdown | -2.00 | 9.03 | -11.03 |
Loading charts...
Drawdowns
REW vs. FTEC - Drawdown Comparison
The maximum REW drawdown since its inception was -99.99%, which is greater than FTEC's maximum drawdown of -34.95%. Use the drawdown chart below to compare losses from any high point for REW and FTEC.
Loading charts...
Drawdown Indicators
| REW | FTEC | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -99.99% | -34.95% | -65.04% |
Max Drawdown (1Y)Largest decline over 1 year | -62.81% | -16.26% | -46.55% |
Max Drawdown (3Y)Largest decline over 3 years | -86.76% | -27.30% | -59.46% |
Max Drawdown (5Y)Largest decline over 5 years | -93.62% | -34.95% | -58.67% |
Max Drawdown (10Y)Largest decline over 10 years | -99.79% | -34.95% | -64.84% |
Current DrawdownCurrent decline from peak | -99.99% | -7.72% | -92.27% |
Average DrawdownAverage peak-to-trough decline | -86.90% | -5.57% | -81.33% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 32.15% | 5.28% | +26.87% |
Volatility
REW vs. FTEC - Volatility Comparison
ProShares UltraShort Technology (REW) has a higher volatility of 24.81% compared to Fidelity MSCI Information Technology Index ETF (FTEC) at 11.42%. This indicates that REW's price experiences larger fluctuations and is considered to be riskier than FTEC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| REW | FTEC | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 24.81% | 11.42% | +13.39% |
Volatility (6M)Calculated over the trailing 6-month period | 39.86% | 18.65% | +21.21% |
Volatility (1Y)Calculated over the trailing 1-year period | 47.48% | 22.79% | +24.69% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 52.55% | 25.60% | +26.95% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 49.30% | 24.86% | +24.44% |
REW vs. FTEC - Expense Ratio Comparison
REW has a 0.95% expense ratio, which is higher than FTEC's 0.08% expense ratio.
Dividends
REW vs. FTEC - Dividend Comparison
REW's dividend yield for the trailing twelve months is around 10.07%, more 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% |
REW ProShares UltraShort Technology | 10.07% | 6.69% | 5.68% | 5.97% | 0.65% | 0.00% | 0.27% | 1.80% | 0.51% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
REW and FTEC have a correlation of -0.99, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
REW has higher volatility (24.81%) compared to FTEC (11.42%). In terms of maximum drawdown, REW dropped -99.99% vs FTEC's -34.95%.
On 10-year performance, FTEC leads with 25.28% vs -45.02% for REW. On fees, FTEC is cheaper at 0.08% per year. On volatility, FTEC has been the lower-risk option at 11.42%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 10-year period, FTEC has performed better with a 25.28% return vs -45.02%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
FTEC is cheaper with a 0.08% expense ratio, compared with 0.95% for REW.
REW has the higher dividend yield at 10.07%, compared with 0.36% for FTEC.
REW is categorized as Leveraged Equities, while FTEC is Technology Equities. REW tracks Dow Jones U.S. Technology Index (-200%), while FTEC tracks MSCI USA IMI Information Technology 25/50 Index. They also come from different issuers: ProShares and Fidelity. Their fees differ too: 0.95% for REW and 0.08% for FTEC.
FTEC currently has the higher Sharpe Ratio (2.10 vs -1.27), 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.
Find the right allocation for REW and FTEC
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer