Fidelity MSCI Information Technology Index ETF (FTEC) is a ETF from Fidelity Investments (US) and State Street Technology Select Sector SPDR ETF (XLK) is a ETF from SPDR State Street Global Advisors. Over the past year FTEC returned +41.15% while XLK returned +43.53%. Year to date, FTEC is up 28.81% versus a gain of 30.58% for XLK.

Over three years, FTEC compounded at +32.21% per year against +31.09% for XLK; over five years the annualized figures are +19.56% and +20.41% respectively. Across the full 13-year window we track, FTEC has the edge at +21.45% annualized vs +9.49%. Past performance does not guarantee future results.

XLK has been the more volatile fund, with annualized monthly volatility of 23.2% compared with 19.7% for FTEC. 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 -82.0% for XLK. 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 0.99. They move almost in lockstep, so holding both mostly duplicates the same exposure.

FTEC charges 0.08% per year while XLK charges 0.08%. On a $10,000 position that is $8 vs $8 annually, a gap of $0 per year that compounds over a long holding period. On income, FTEC currently yields 0.35% against 0.42% for XLK.