TTEQ vs. FTEC

Last updated Jun 24, 2026

TTEQ (T. Rowe Price Technology ETF) and FTEC (Fidelity MSCI Information Technology Index ETF) are both Technology Equities funds. TTEQ is actively managed, while FTEC is passively managed. Over the past year, TTEQ returned 54.91% vs 47.58% for FTEC. With a 0.95 correlation, they move nearly in lockstep. TTEQ charges 0.63%/yr vs 0.08%/yr for FTEC.

Performance

TTEQ vs. FTEC - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in T. Rowe Price Technology ETF (TTEQ) 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, TTEQ achieves a 31.33% return, which is significantly higher than FTEC's 23.56% return.

TTEQ

• 1D: -5.02%
• 1M: 1.62%
• YTD: 31.33%
• 6M: 30.33%
• 1Y: 54.91%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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%

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

TTEQ vs. FTEC - Yearly Performance Comparison

	2026 (YTD)	2025	2024
TTEQ T. Rowe Price Technology ETF	31.33%	24.25%	0.78%
FTEC Fidelity MSCI Information Technology Index ETF	23.56%	22.11%	4.25%

Correlation

The correlation between TTEQ and FTEC is 0.95, 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	0.95
Correlation (All Time) Calculated using the full available price history since Oct 24, 2024	0.95

The correlation between TTEQ and FTEC has been stable across timeframes, ranging from 0.95 to 0.95 - a consistent structural relationship.

TTEQ vs. FTEC - Sectors Allocation Comparison

Sectors	TTEQ	FTEC
Technology	79.3%	98.3%
Communication Services	11.1%	0.0%
Consumer Cyclical	5.8%	0.0%
Financial Services	3.1%	0.6%
Industrials	0.7%	0.6%
Basic Materials	0.5%	0.0%
Consumer Defensive	-	-
Energy	-	0.3%
Healthcare	-	-
Real Estate	-	-
Utilities	-	-

Return for Risk

TTEQ vs. FTEC — Risk / Return Rank

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

TTEQ

TTEQ Risk / Return Rank: 65
TTEQ Sharpe Ratio Rank: 71
TTEQ Sortino Ratio Rank: 61
TTEQ Omega Ratio Rank: 66
TTEQ Calmar Ratio Rank: 68
TTEQ Martin Ratio Rank: 60

FTEC

FTEC Risk / Return Rank: 60
FTEC Sharpe Ratio Rank: 67
FTEC Sortino Ratio Rank: 57
FTEC Omega Ratio Rank: 59
FTEC Calmar Ratio Rank: 62
FTEC Martin Ratio Rank: 54

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.

TTEQ vs. FTEC - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for T. Rowe Price Technology ETF (TTEQ) 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.

	TTEQ	FTEC	Difference
Sharpe ratio: Return per unit of total volatility	2.10	2.10	0.00
Sortino ratio: Return per unit of downside risk	2.63	2.63	-0.01
Omega ratio: Gain probability vs. loss probability	1.36	1.35	+0.01
Calmar ratio: Return relative to maximum drawdown	3.19	2.94	+0.25
Martin ratio: Return relative to average drawdown	9.94	9.03	+0.91

TTEQ vs. FTEC - Sharpe Ratio Comparison

The current TTEQ Sharpe Ratio is 2.10, which is comparable to the FTEC Sharpe Ratio of 2.10. The chart below compares the historical Sharpe Ratios of TTEQ 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

TTEQ vs. FTEC - Drawdown Comparison

The maximum TTEQ drawdown since its inception was -26.97%, smaller than the maximum FTEC drawdown of -34.95%. Use the drawdown chart below to compare losses from any high point for TTEQ and FTEC.

Drawdown Indicators

	TTEQ	FTEC	Difference
Max Drawdown Largest peak-to-trough decline	-26.97%	-34.95%	+7.98%
Max Drawdown (1Y) Largest decline over 1 year	-17.31%	-16.26%	-1.05%
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	-5.91%	-7.72%	+1.81%
Average Drawdown Average peak-to-trough decline	-4.81%	-5.57%	+0.76%
Ulcer Index Depth and duration of drawdowns from previous peaks	5.54%	5.28%	+0.26%

Volatility

TTEQ vs. FTEC - Volatility Comparison

T. Rowe Price Technology ETF (TTEQ) has a higher volatility of 13.59% compared to Fidelity MSCI Information Technology Index ETF (FTEC) at 11.42%. This indicates that TTEQ'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

	TTEQ	FTEC	Difference
Volatility (1M) Calculated over the trailing 1-month period	13.59%	11.42%	+2.17%
Volatility (6M) Calculated over the trailing 6-month period	22.19%	18.65%	+3.54%
Volatility (1Y) Calculated over the trailing 1-year period	26.26%	22.79%	+3.47%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	28.66%	25.60%	+3.06%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	28.66%	24.86%	+3.80%

TTEQ vs. FTEC - Expense Ratio Comparison

TTEQ has a 0.63% expense ratio, which is higher than FTEC's 0.08% expense ratio.

Dividends

TTEQ vs. FTEC - Dividend Comparison

TTEQ has not paid dividends to shareholders, while FTEC's dividend yield for the trailing twelve months is around 0.36%.

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%
TTEQ T. Rowe Price Technology ETF	0.00%	0.00%	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 TTEQ and FTEC in my portfolio?

With a correlation of 0.95, TTEQ 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, TTEQ or FTEC?

TTEQ has higher volatility (13.59%) compared to FTEC (11.42%). In terms of maximum drawdown, TTEQ dropped -26.97% vs FTEC's -34.95%.

Which ETF is better, TTEQ or FTEC?

On 1-year performance, TTEQ leads with 54.91% vs 47.58% for FTEC. 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.

Which ETF has performed better, TTEQ or FTEC?

Over the 1-year period, TTEQ has performed better with a 54.91% return vs 47.58%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, TTEQ or FTEC?

FTEC is cheaper with a 0.08% expense ratio, compared with 0.63% for TTEQ.

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

FTEC has the higher dividend yield at 0.36%, compared with 0.00% for TTEQ.

What is the main difference between TTEQ and FTEC?

They also come from different issuers: T. Rowe Price and Fidelity. Their fees differ too: 0.63% for TTEQ and 0.08% for FTEC.

Which has better risk-adjusted returns?

TTEQ currently has the higher Sharpe Ratio (2.10 vs 2.10), 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.