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XWD.TO vs. FTEC
Performance
Return for Risk
Drawdowns
Volatility
Dividends

XWD.TO vs. FTEC

Last updated Jun 4, 2026

XWD.TO (iShares MSCI World Index ETF) and FTEC (Fidelity MSCI Information Technology Index ETF) are both exchange-traded funds - XWD.TO is a Global Equities fund tracking the Morningstar Gbl GR CAD, 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, XWD.TO returned 13.45%/yr vs 26.48%/yr for FTEC. A 0.79 correlation means they provide meaningful diversification when combined. XWD.TO charges 0.48%/yr vs 0.08%/yr for FTEC.

Performance

XWD.TO vs. FTEC - Performance Comparison

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

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Different Trading Currencies

XWD.TO is traded in CAD, while FTEC is traded in USD. To make them comparable, the FTEC values have been converted to CAD using the latest available exchange rates.

Returns By Period

In the year-to-date period, XWD.TO achieves a 11.42% return, which is significantly lower than FTEC's 33.57% return. Over the past 10 years, XWD.TO has underperformed FTEC with an annualized return of 13.45%, while FTEC has yielded a comparatively higher 26.48% annualized return.

XWD.TO

1D
-0.47%
1M
6.72%
YTD
11.42%
6M
10.29%
1Y
27.27%
3Y*
21.42%
5Y*
14.76%
10Y*
13.45%

FTEC

1D
-1.09%
1M
20.57%
YTD
33.57%
6M
30.24%
1Y
62.94%
3Y*
35.49%
5Y*
25.99%
10Y*
26.48%
*Multi-year figures are annualized to reflect compound growth (CAGR)

XWD.TO vs. FTEC - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
XWD.TO
iShares MSCI World Index ETF		11.42%15.25%28.07%20.32%-11.57%21.87%11.41%21.44%-1.52%14.42%
FTEC
Fidelity MSCI Information Technology Index ETF		33.57%16.51%40.51%49.92%-24.57%29.31%43.36%41.61%8.06%28.12%

Correlation

The correlation between XWD.TO and FTEC is 0.70, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.70

Correlation (3Y)
Calculated over the trailing 3-year period

0.78

Correlation (5Y)
Calculated over the trailing 5-year period

0.81

Correlation (10Y)
Calculated over the trailing 10-year period

0.78

Correlation (All Time)
Calculated using the full available price history since Oct 25, 2013

0.79

The correlation between XWD.TO and FTEC shifts across timeframes, from 0.70 (1 year) to 0.81 (5 years), reflecting how their relationship changes across market environments.

XWD.TO vs. FTEC - Sectors Allocation Comparison

Sectors
XWD.TO
FTEC

Technology

29.0%
98.0%

Financial Services

15.9%
0.6%

Industrials

11.0%
0.6%

Consumer Cyclical

9.3%
0.0%

Communication Services

9.1%
0.0%

Healthcare

8.6%

-

Consumer Defensive

5.3%

-

Energy

4.1%
0.4%

Basic Materials

3.2%

-

Utilities

2.7%

-

Real Estate

1.9%

-

Technology

XWD.TO
29.0%
FTEC
98.0%

Financial Services

XWD.TO
15.9%
FTEC
0.6%

Industrials

XWD.TO
11.0%
FTEC
0.6%

Consumer Cyclical

XWD.TO
9.3%
FTEC
0.0%

Communication Services

XWD.TO
9.1%
FTEC
0.0%

Healthcare

XWD.TO
8.6%
FTEC

-

Consumer Defensive

XWD.TO
5.3%
FTEC

-

Energy

XWD.TO
4.1%
FTEC
0.4%

Basic Materials

XWD.TO
3.2%
FTEC

-

Utilities

XWD.TO
2.7%
FTEC

-

Real Estate

XWD.TO
1.9%
FTEC

-

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

iShares MSCI World Index ETF

Fidelity MSCI Information Technology Index ETF

Often compared with XWD.TO:
XWD.TO vs. XEQT.TOXWD.TO vs. URTHXWD.TO vs. VTXWD.TO vs. VWRA.LXWD.TO vs. ZGQ.TOXWD.TO vs. SPYXWD.TO vs. VEQT.TO
Often compared with FTEC:
FTEC vs. VGTFTEC vs. QQQMFTEC vs. QQQFTEC vs. FSPTXFTEC vs. XLKFTEC vs. FXAIXFTEC vs. SMH

Return for Risk

XWD.TO vs. FTEC — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
XWD.TO
XWD.TO Risk / Return Rank: 7171
Overall Rank
XWD.TO Sharpe Ratio Rank: 7070
Sharpe Ratio Rank
XWD.TO Sortino Ratio Rank: 7171
Sortino Ratio Rank
XWD.TO Omega Ratio Rank: 7171
Omega Ratio Rank
XWD.TO Calmar Ratio Rank: 7070
Calmar Ratio Rank
XWD.TO Martin Ratio Rank: 7575
Martin Ratio Rank
FTEC
FTEC Risk / Return Rank: 7777
Overall Rank
FTEC Sharpe Ratio Rank: 8787
Sharpe Ratio Rank
FTEC Sortino Ratio Rank: 8080
Sortino Ratio Rank
FTEC Omega Ratio Rank: 7878
Omega Ratio Rank
FTEC Calmar Ratio Rank: 7373
Calmar Ratio Rank
FTEC Martin Ratio Rank: 6565
Martin Ratio Rank
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.

XWD.TO vs. FTEC - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares MSCI World Index ETF (XWD.TO) 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.

XWD.TOFTECDifference
Sharpe ratioReturn per unit of total volatility
2.35
3.12

-0.77

Sortino ratioReturn per unit of downside risk
3.29
3.80

-0.52

Omega ratioGain probability vs. loss probability

1.43

1.51

-0.08

Calmar ratioReturn relative to maximum drawdown

3.55

3.82

-0.27

Martin ratioReturn relative to average drawdown

14.52

10.87

+3.66

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

XWD.TO vs. FTEC - Sharpe Ratio Comparison

The current XWD.TO Sharpe Ratio is 2.35, which is comparable to the FTEC Sharpe Ratio of 3.12. The chart below compares the historical Sharpe Ratios of XWD.TO 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.

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Sharpe Ratios by Period

XWD.TOFTECDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

2.35

3.12

-0.77

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

1.08

1.11

-0.02

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.88

1.15

-0.27

Sharpe Ratio (All Time)

Calculated using the full available price history

0.90

1.17

-0.27

Drawdowns

XWD.TO vs. FTEC - Drawdown Comparison

The maximum XWD.TO drawdown since its inception was -27.48%, smaller than the maximum FTEC drawdown of -31.08%. Use the drawdown chart below to compare losses from any high point for XWD.TO and FTEC.

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Drawdown Indicators

XWD.TOFTECDifference

Max Drawdown

Largest peak-to-trough decline

-27.48%

-31.08%

+3.60%

Max Drawdown (1Y)

Largest decline over 1 year

-7.71%

-16.56%

+8.85%

Max Drawdown (3Y)

Largest decline over 3 years

-16.77%

-27.81%

+11.04%

Max Drawdown (5Y)

Largest decline over 5 years

-21.40%

-31.08%

+9.68%

Max Drawdown (10Y)

Largest decline over 10 years

-27.48%

-31.08%

+3.60%

Current Drawdown

Current decline from peak

-0.80%

-1.09%

+0.29%

Average Drawdown

Average peak-to-trough decline

-3.50%

-5.48%

+1.98%

Ulcer Index

Depth and duration of drawdowns from previous peaks

1.88%

5.81%

-3.93%

Volatility

XWD.TO vs. FTEC - Volatility Comparison

The current volatility for iShares MSCI World Index ETF (XWD.TO) is 3.61%, while Fidelity MSCI Information Technology Index ETF (FTEC) has a volatility of 6.25%. This indicates that XWD.TO experiences smaller price fluctuations and is considered to be less risky than FTEC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

XWD.TOFTECDifference

Volatility (1M)

Calculated over the trailing 1-month period

3.61%

6.25%

-2.64%

Volatility (6M)

Calculated over the trailing 6-month period

9.03%

15.90%

-6.87%

Volatility (1Y)

Calculated over the trailing 1-year period

11.67%

20.34%

-8.67%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

13.71%

23.62%

-9.91%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

15.36%

23.19%

-7.83%

XWD.TO vs. FTEC - Expense Ratio Comparison

XWD.TO has a 0.48% expense ratio, which is higher than FTEC's 0.08% expense ratio.

Dividends

XWD.TO vs. FTEC - Dividend Comparison

XWD.TO's dividend yield for the trailing twelve months is around 1.19%, more than FTEC's 0.32% yield.

PositionTTM20252024202320222021202020192018201720162015
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%
XWD.TO
iShares MSCI World Index ETF		1.19%1.33%1.19%1.39%1.36%1.21%1.06%1.77%1.94%1.63%1.83%1.84%

Frequently Asked Questions

XWD.TO and FTEC have a correlation of 0.70, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

On fees, FTEC is cheaper at 0.08% per year. The better choice depends on whether you care most about return, fees, risk, or income.

FTEC is cheaper with a 0.08% expense ratio, compared with 0.48% for XWD.TO.

XWD.TO is categorized as Global Equities, while FTEC is Technology Equities. XWD.TO tracks Morningstar Gbl GR CAD, while FTEC tracks MSCI USA IMI Information Technology 25/50 Index. They also come from different issuers: iShares and Fidelity. Their fees differ too: 0.48% for XWD.TO and 0.08% for FTEC.

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