FTEC vs SPY
Fidelity MSCI Information Technology Index ETF vs State Street SPDR S&P 500 ETF Trust
Which is better, FTEC or SPY?
Large Cap Growth against Large Cap Blend.
FTEC has a lower expense ratio. FTEC led over 1Y, 3Y, 5Y and the full window. The two have moved almost in lockstep, correlation 0.90. SPY is less concentrated, with 37.8% of the fund in its ten largest positions against 63.7%.
MarketXLS is not an investment adviser. This comparison is generated automatically from market data and is for information only. A Best mark means the better reading on that one measure, not a recommendation to buy.
Side-by-Side Comparison
| Metric | FTEC | SPY |
|---|---|---|
| Expense Ratio | 0.08%Best | 0.09% |
| AUM | $19.9B | $804.7B |
| Dividend Yield | 0.35% | 0.98% |
| Holdings | 77 | 505 |
| YTD Return | +26.12%Best | +10.96% |
| 1Y Return | +32.30%Best | +15.52% |
| 3Y Return (annualized) | +31.57%Best | +20.73% |
| 5Y Return (annualized) | +18.52%Best | +12.53% |
| Volatility (annualized) | 19.7% | 14.5%Best |
| Max Drawdown | -35.0% | -34.1%Best |
| $10,000 over 5 years | $23,386Best | $18,044 |
| Top 10 Weight | 63.7% | 37.8%Best |
| Fund Family | Fidelity Investments (US) | State Street Investment Management |
| Category | Equity | Equity |
| Style | Large Cap Growth | Large Cap Blend |
| Inception | Oct 21, 2013 | Jan 22, 1993 |
Volatility and max drawdown are measured over the window both funds cover: Oct 24, 2013 to Sep 16, 2026 (12.9 years).
FTEC vs SPY growth
Month-end closes. Both lines start at 0% in the first month shown, so the gap between them is the difference in growth across that window. The full view covers the 12.9 years both funds cover.
FTEC vs SPY Performance
Fidelity MSCI Information Technology Index ETF (FTEC) is an ETF from Fidelity Investments (US) and State Street SPDR S&P 500 ETF Trust (SPY) is an ETF from State Street Investment Management. Over the past year FTEC returned +32.30% while SPY returned +15.52%. Year to date, FTEC is up 26.12% versus a gain of 10.96% for SPY.
Over three years, FTEC compounded at +31.57% per year against +20.73% for SPY; over five years the annualized figures are +18.52% and +12.53% respectively. Across the full 13-year window we track, FTEC has the edge at +21.05% annualized vs +12.63%.
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 14.5% 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 -34.1% for SPY. Drawdown depth is what each fund did in the worst stretch of the window measured above.
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 0.98% for SPY.
Holdings Overlap
88.7% of FTEC's money is in holdings SPY also owns. 37.7% of SPY's money is in holdings FTEC also owns.
Most of FTEC is already inside SPY. Owning both mostly buys the same companies twice.
73 positions in common, counted across the 283 positions we hold weights for in FTEC and 504 in SPY, against full books of 77 and 505.
What only one of them owns
Our book lists 425 positions for SPY that do not appear in our book for FTEC (61.8% of the fund), and 177 for FTEC that do not appear in SPY (10.8%).
Some of those will be the same company recorded under a different code in one of the two books, so the real difference in what you would own is no larger than this and may be smaller. We do not name the individual positions here for that reason.
Top Shared Holdings
| Stock | Weight in FTEC | Weight in SPY | Difference |
|---|---|---|---|
| NVDANvidia Corp | 17.73% | 8.01% | 9.72% |
| AAPLApple, Inc | 16.46% | 7.26% | 9.20% |
| MSFTMicrosoft Corp | 11.55% | 5.66% | 5.89% |
| AVGOBroadcom Inc | 4.58% | 2.66% | 1.92% |
| MUMicron Technology, Inc. | 4.15% | 1.60% | 2.55% |
| AMDAdvanced Micro Devices Inc | 2.94% | 1.14% | 1.80% |
| CSCOCisco Systems Inc. - Ordinary Shares | 1.73% | 0.66% | 1.07% |
| INTCIntel Corporation | 1.56% | 0.67% | 0.89% |
| PLTRPalantir Technologies Inc | 1.58% | 0.63% | 0.95% |
| LRCXLrcx Uw Equity | 1.46% | 0.55% | 0.91% |
88.7% of FTEC is already inside SPY.
You probably hold more than these two. Add the rest and see how much of the whole book is the same companies twice.
Free for up to 10 holdings. No account needed.
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, by $1 a year on a $10,000 investment.
Which performed better, FTEC or SPY?
Over the past year FTEC returned +32.30% vs +15.52% for SPY, so FTEC leads on 1-year performance. Over the longest common window we track (13 years), FTEC annualized +21.05% vs +12.63% for SPY. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, FTEC or SPY?
FTEC has been the more volatile fund at 19.7% annualized versus 14.5% for SPY. Worst drawdown: FTEC -35.0% vs SPY -34.1%.
Should I hold both FTEC and SPY?
FTEC and SPY have a monthly-return correlation of 0.90, so they move almost identically. What is left to separate them is the fee and the index each one tracks. This is information, not a recommendation.
What is the holdings overlap between FTEC and SPY?
88.7% of FTEC's money is in holdings SPY also owns. 37.7% of SPY's is in holdings FTEC also owns. They hold 73 positions in common, counted across the 283 positions we hold weights for in FTEC and 504 in SPY.
Which pays a higher dividend, FTEC or SPY?
FTEC yields 0.35% while SPY yields 0.98%, so SPY currently pays the higher dividend yield.
Is SPY better than FTEC?
FTEC has a lower expense ratio. FTEC led over 1Y, 3Y, 5Y and the full window. The two have moved almost in lockstep, correlation 0.90. SPY is less concentrated, with 37.8% of the fund in its ten largest positions against 63.7%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.