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FTEC vs. BND

Fidelity MSCI Information Technology Index ETF

FTEC
$--
vs

Vanguard Total Bond Market ETF

BND
$--

Correlation

0.27
FTECFidelity MSCI Information Technology Index ETF
BNDVanguard Total Bond Market 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
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FTEC Fidelity MSCI Information Technology Index ETF
BND Vanguard Total Bond Market ETF
Inception date
Oct 24 2013
Apr 03 2007
Expense ratio
0.08%
0.03%
FTEC has a higher expense ratio than BND by 0.05%. This can indicate that it’s more expensive to invest in FTEC than BND.
Type
US Equities
US Bonds
FTEC targets investing in US Equities, while BND targets investing in US Bonds.
Fund owner
Fidelity
Vanguard
FTEC is managed by Fidelity, while BND is managed by Vanguard.
Volume (1m avg. daily)
$25,275,556
$433,296,798
Both FTEC and BND 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
$94,675,540,467
FTEC has more assets under management than BND by $87,778,634,517. Higher AUM can be associated with better liquidity and lower slippage in trading.
Associated index
MSCI USA IMI Information Technology 25/50 Index
Bloomberg U.S. Aggregate Float Adjusted Index
FTEC is based off of the MSCI USA IMI Information Technology 25/50 Index, while BND is based off of the Bloomberg U.S. Aggregate Float Adjusted Index
Inverse/Leveraged
No
No
FTEC and BND 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 BND 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 BND may offer dividends. The frequency and yield of the dividend may not be the same.
Prospectus
Neither FTEC nor BND 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 toBND

#PTAC

Pick the Trending Asset Class

Category

Momentum, Tactical Asset Allocation, Be Risk Aware, Ride the Momentum

Risk Rating

Moderate

Create your own algorithmic
trading strategy

Disclaimers

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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.