FTEC vs SPY
FTEC vs SPY
Fidelity MSCI Information Technology Index ETF vs State Street SPDR S&P 500 ETF Trust
Quick Verdict
FTEC has a lower expense ratio. FTEC delivered stronger 1-year returns. SPY offers more diversification with 503 holdings.
Side-by-Side Comparison
| Metric | FTEC | SPY | Winner |
|---|---|---|---|
| Expense Ratio | 0.08% | 0.09% | |
| AUM | $21.0B | $789.1B | |
| Dividend Yield | 0.35% | 1.01% | |
| Holdings | 270 | 505 | |
| YTD Return | +27.44% | +13.50% | |
| 1Y Return | +40.41% | +23.56% | |
| 3Y Return (annualized) | +31.38% | +21.17% | |
| 5Y Return (annualized) | +19.34% | +13.46% | |
| Volatility (annualized) | 19.7% | 15.3% | |
| Max Drawdown | -35.0% | -56.5% | |
| Fund Family | Fidelity Investments (US) | State Street Investment Management | |
| Category | Equity | Equity | |
| Inception | Oct 21, 2013 | Jan 22, 1993 |
FTEC vs SPY Performance
Fidelity MSCI Information Technology Index ETF (FTEC) is a ETF from Fidelity Investments (US) and State Street SPDR S&P 500 ETF Trust (SPY) is a ETF from State Street Investment Management. Over the past year FTEC returned +40.41% while SPY returned +23.56%. Year to date, FTEC is up 27.44% versus a gain of 13.50% for SPY.
Over three years, FTEC compounded at +31.38% per year against +21.17% for SPY; over five years the annualized figures are +19.34% and +13.46% respectively. Across the full 13-year window we track, FTEC has the edge at +21.36% annualized vs +8.85%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
FTEC has been the more volatile fund, with annualized monthly volatility of 19.7% compared with 15.3% for SPY. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -35.0% for FTEC and -56.5% for SPY. Drawdown depth is worth weighing if you expect to sell during market stress rather than ride it out.
The two funds' monthly returns correlate at 0.90. They move almost in lockstep, so holding both mostly duplicates the same exposure.
Fees and Cost Over Time
FTEC charges 0.08% per year while SPY charges 0.09%. On a $10,000 position that is $8 vs $9 annually, a gap of $1 per year that compounds over a long holding period. On income, FTEC currently yields 0.35% against 1.01% for SPY.
Holdings Overlap
FTEC and SPY share 68 holdings out of 697 unique holdings combined, representing a 36.5% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Top Shared Holdings
| Stock | Weight in FTEC | Weight in SPY | Difference |
|---|---|---|---|
| NVDA | 18.25% | 7.31% | 10.94% |
| AAPL | 16.02% | 7.09% | 8.93% |
| MSFT | 10.29% | 4.43% | 5.86% |
| AVGO | Pro | Pro | Pro |
| MU | Pro | Pro | Pro |
| AMD | Pro | Pro | Pro |
| CSCO | Pro | Pro | Pro |
| AMAT | Pro | Pro | Pro |
| PLTR | Pro | Pro | Pro |
| LRCX | Pro | Pro | Pro |
See all 10 holdings FTEC shares with SPY Exact weights in each fund and the difference, for every overlapping position. Get FundXLS Pro: $29/moFirst 500 subscribers, then $49/mo. Cancel anytime. | |||
Frequently Asked Questions
Which is cheaper, FTEC or SPY?
FTEC has an expense ratio of 0.08% while SPY charges 0.09%. FTEC is the cheaper option. On a $10,000 investment, that is $1 per year of difference.
Which performed better, FTEC or SPY?
Over the past year FTEC returned +40.41% vs +23.56% for SPY, so FTEC leads on 1-year performance. Over the longest common window we track (13 years), FTEC annualized +21.36% vs +8.85% for SPY. Past performance does not guarantee future results.
Which is riskier, FTEC or SPY?
FTEC has been the more volatile fund at 19.7% annualized versus 15.3% for SPY. Worst drawdown: FTEC -35.0% vs SPY -56.5%.
Should I hold both FTEC and SPY?
FTEC and SPY have a monthly-return correlation of 0.90, so they move almost identically. Holding both adds little diversification - most investors pick one, usually on fees or the specific index tracked.
What is the holdings overlap between FTEC and SPY?
FTEC and SPY share 68 common holdings with a 36.5% weight overlap. Combined, they hold 697 unique securities.
Which pays a higher dividend, FTEC or SPY?
FTEC yields 0.35% while SPY yields 1.01%, so SPY currently pays the higher dividend yield.
Popular ETF Comparisons
Get Full ETF Analytics
Access complete holdings data, overlap analysis, screener tools, and more with FundXLS.