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ETF Comparisons

FTEC vs. AGG

Fidelity MSCI Information Technology Index ETF

FTEC
$--
vs

iShares Core U.S. Aggregate Bond ETF

AGG
$--

Correlation

0.28

Compare with

Top 10 comparisons with FTEC:
Compare:
FTEC
Correlation
With:
AGG
iShares Core U.S. Aggregate Bond ETF
0.28
SwitchVGTVanguard Group, Inc. - Vanguard Information Technology ETF1.00XLKSSgA Active Trust - Technology Select Sector SPDR ETF1.00TECLDirexion Shares ETF Trust - Direxion Daily Technology Bull 3X Shares1.00IXNBlackRock Institutional Trust Company N.A. - iShares Global Tech ETF0.99ROMProShares Trust - ProShares Ultra Technology 2x Shares0.99IYWBlackRock Institutional Trust Company N.A. - iShares U.S. Technology ETF0.99IGMBlackRock Institutional Trust Company N.A. - iShares Expanded Tech Sector ETF0.98TQQQProShares Trust - ProShares UltraPro QQQ 3x Shares0.98QQQMInvesco Exchange-Traded Fund Trust II - Invesco NASDAQ 100 ETF0.98QLDProShares Trust - ProShares Ultra QQQ 2x Shares0.98

Top 10 shared holdings

The top 10 holdings shared by FTEC and AGG:

There are no shared holdings.
Invest with FTEC
Learn more about AGG
FTECFidelity MSCI Information Technology Index ETF
AGGiShares Core U.S. Aggregate Bond ETF

What is FTEC?

The ETF seeks to provide investment returns that correspond, before fees and expenses, generally to the performance of the MSCI USA IMI Information Technology 25/50 Index.

Snapshot
**

FTEC Fidelity MSCI Information Technology Index ETF
AGG iShares Core U.S. Aggregate Bond ETF
Inception date
Oct 24 2013
Sep 22 2003
Expense ratio
0.08%
0.03%
FTEC has a higher expense ratio than AGG by 0.05%. This can indicate that it’s more expensive to invest in FTEC than AGG.
Type
US Equities
US Bonds
FTEC targets investing in US Equities, while AGG targets investing in US Bonds.
Fund owner
Fidelity
Blackrock (iShares)
FTEC is managed by Fidelity, while AGG is managed by Blackrock (iShares).
Volume (1m avg. daily)
$25,275,556
$631,408,505
Both FTEC and AGG are considered high-volume assets. They’re less likely to be affected by issues like slippage and failed orders on Composer than low-volume assets.
AUM
$6,896,905,950
$91,680,069,240
FTEC has more assets under management than AGG by $84,783,163,290. Higher AUM can be associated with better liquidity and lower slippage in trading.
Associated index
MSCI USA IMI Information Technology 25/50 Index
Bloomberg US Aggregate Bond Index
FTEC is based off of the MSCI USA IMI Information Technology 25/50 Index, while AGG is based off of the Bloomberg US Aggregate Bond Index
Inverse/Leveraged
No
No
FTEC and AGG use the same leverage ratio. Inverse and leveraged ETFs can be used to either take an opposite position or amplify returns of a given index.
Passive/Active
Passive
Passive
FTEC and AGG both use a Passive investing strategy. In an actively managed fund, the fund manager makes decisions about how funds are invested. A passively managed fund typically tries to track or follow a market index.
Dividend
No
No
FTEC and AGG may offer dividends. The frequency and yield of the dividend may not be the same.
Prospectus
View
View
Neither FTEC nor AGG require a K1.
When ETFs are uncorrelated, it’s common for them to be used as complements in a trading strategy. This means it makes sense to be holding both of them at the same time, or to use one as a hedge for the other.

Automated Strategies
Related toFTEC

#BTD

Buy the Dips: Nasdaq 100

Category

Featured, Technology Focus

Risk Rating

Aggressive

Automated Strategies
Related toAGG

#DPE

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Category

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Risk Rating

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Disclaimers

*

We show information directly obtained from our data provider, Xignite. Data shown here is provided by Xignite, an unaffiliated third party. Composer believes the information shown here is reliable, but has not been verified and there is no guarantee that the information is accurate.

**

We show information based on calculations performed by Composer using data from our provider. Information provided here is based on calculations performed by Composer using data sourced from Xignite, an unaffiliated third party. Composer believes this information is reliable, but has not verified the data and there is no guarantee that the calculations are accurate.