TEKY vs. FTEC

Last updated Jun 25, 2026

TEKY (Lazard Next Gen Technologies ETF) and FTEC (Fidelity MSCI Information Technology Index ETF) are both Technology Equities funds. TEKY is actively managed, while FTEC is passively managed. Over the past year, TEKY returned 33.23% vs 43.89% for FTEC. Their correlation of 0.92 suggests significant overlap in exposure. TEKY charges 0.50%/yr vs 0.08%/yr for FTEC.

Performance

TEKY vs. FTEC - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Lazard Next Gen Technologies ETF (TEKY) 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, TEKY achieves a 19.50% return, which is significantly lower than FTEC's 22.66% return.

TEKY

• 1D: -0.46%
• 1M: 0.63%
• YTD: 19.50%
• 6M: 18.17%
• 1Y: 33.23%
• 3Y*: —
• 5Y*: —
• 10Y*: —

FTEC

• 1D: -0.73%
• 1M: -0.38%
• YTD: 22.66%
• 6M: 20.59%
• 1Y: 43.89%
• 3Y*: 30.26%
• 5Y*: 19.62%
• 10Y*: 25.18%

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

TEKY vs. FTEC - Yearly Performance Comparison

	2026 (YTD)	2025
TEKY Lazard Next Gen Technologies ETF	19.50%	50.31%
FTEC Fidelity MSCI Information Technology Index ETF	22.66%	58.27%

Correlation

The correlation between TEKY 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 (All Time) Calculated using the full available price history since Apr 7, 2025	0.92

The correlation between TEKY and FTEC has been stable across timeframes, ranging from 0.91 to 0.92 - a consistent structural relationship.

Return for Risk

TEKY vs. FTEC — Risk / Return Rank

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

TEKY

TEKY Risk / Return Rank: 38
TEKY Sharpe Ratio Rank: 42
TEKY Sortino Ratio Rank: 38
TEKY Omega Ratio Rank: 40
TEKY Calmar Ratio Rank: 34
TEKY Martin Ratio Rank: 32

FTEC

FTEC Risk / Return Rank: 59
FTEC Sharpe Ratio Rank: 66
FTEC Sortino Ratio Rank: 58
FTEC Omega Ratio Rank: 59
FTEC Calmar Ratio Rank: 61
FTEC Martin Ratio Rank: 52

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.

TEKY vs. FTEC - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Lazard Next Gen Technologies ETF (TEKY) 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.

	TEKY	FTEC	Difference
Sharpe ratio: Return per unit of total volatility	1.32	1.94	-0.62
Sortino ratio: Return per unit of downside risk	1.81	2.47	-0.66
Omega ratio: Gain probability vs. loss probability	1.24	1.33	-0.09
Calmar ratio: Return relative to maximum drawdown	1.56	2.71	-1.15
Martin ratio: Return relative to average drawdown	4.25	8.29	-4.04

TEKY vs. FTEC - Sharpe Ratio Comparison

The current TEKY Sharpe Ratio is 1.32, which is lower than the FTEC Sharpe Ratio of 1.94. The chart below compares the historical Sharpe Ratios of TEKY 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

TEKY vs. FTEC - Drawdown Comparison

The maximum TEKY drawdown since its inception was -21.43%, smaller than the maximum FTEC drawdown of -34.95%. Use the drawdown chart below to compare losses from any high point for TEKY and FTEC.

Drawdown Indicators

	TEKY	FTEC	Difference
Max Drawdown Largest peak-to-trough decline	-21.43%	-34.95%	+13.52%
Max Drawdown (1Y) Largest decline over 1 year	-21.43%	-16.26%	-5.17%
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	-6.06%	-8.39%	+2.33%
Average Drawdown Average peak-to-trough decline	-4.81%	-5.57%	+0.76%
Ulcer Index Depth and duration of drawdowns from previous peaks	7.84%	5.31%	+2.53%

Volatility

TEKY vs. FTEC - Volatility Comparison

Lazard Next Gen Technologies ETF (TEKY) has a higher volatility of 12.26% compared to Fidelity MSCI Information Technology Index ETF (FTEC) at 11.39%. This indicates that TEKY'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.

Volatility by Period

	TEKY	FTEC	Difference
Volatility (1M) Calculated over the trailing 1-month period	12.26%	11.39%	+0.87%
Volatility (6M) Calculated over the trailing 6-month period	21.07%	18.57%	+2.50%
Volatility (1Y) Calculated over the trailing 1-year period	25.35%	22.79%	+2.56%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	26.76%	25.60%	+1.16%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	26.76%	24.86%	+1.90%

TEKY vs. FTEC - Expense Ratio Comparison

TEKY has a 0.50% expense ratio, which is higher than FTEC's 0.08% expense ratio.

Dividends

TEKY vs. FTEC - Dividend Comparison

TEKY's dividend yield for the trailing twelve months is around 0.17%, 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%
TEKY Lazard Next Gen Technologies ETF	0.17%	0.05%	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 TEKY and FTEC in my portfolio?

With a correlation of 0.91, TEKY 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, TEKY or FTEC?

TEKY has higher volatility (12.26%) compared to FTEC (11.39%). In terms of maximum drawdown, TEKY dropped -21.43% vs FTEC's -34.95%.

Which ETF is better, TEKY or FTEC?

On 1-year performance, FTEC leads with 43.89% vs 33.23% for TEKY. On fees, FTEC is cheaper at 0.08% per year. On volatility, FTEC has been the lower-risk option at 11.39%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, TEKY or FTEC?

Over the 1-year period, FTEC has performed better with a 43.89% return vs 33.23%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, TEKY or FTEC?

FTEC is cheaper with a 0.08% expense ratio, compared with 0.50% for TEKY.

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

FTEC has the higher dividend yield at 0.36%, compared with 0.17% for TEKY.

What is the main difference between TEKY and FTEC?

They also come from different issuers: Lazard and Fidelity. Their fees differ too: 0.50% for TEKY and 0.08% for FTEC.

Which has better risk-adjusted returns?

FTEC currently has the higher Sharpe Ratio (1.94 vs 1.32), 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.