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FTEC vs. IWM

Fidelity MSCI Information Technology Index ETF

FTEC
$--
vs

iShares Russell 2000 ETF

IWM
$--

Correlation

FTECFidelity MSCI Information Technology Index ETF
IWMiShares Russell 2000 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
IWM iShares Russell 2000 ETF
Inception date
Oct 24, 2013
May 22, 2000
Expense ratio
0.08%
0.19%
FTEC has a lower expense ratio than IWM by 0.11%. This can indicate that it’s cheaper to invest in FTEC than IWM.
Type
US Equities
US Equities
FTEC targets investing in US Equities, while IWM targets investing in US Equities.
Fund owner
Fidelity
Blackrock (iShares)
FTEC is managed by Fidelity, while IWM is managed by Blackrock (iShares).
Volume (1m avg. daily)
$25,275,556
$4,463,198,665
Both FTEC and IWM 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
$50,549,436,527
FTEC has more assets under management than IWM by $43,652,530,577. Higher AUM can be associated with better liquidity and lower slippage in trading.
Associated index
MSCI USA IMI Information Technology 25/50 Index
Russell 2000 Index
FTEC is based off of the MSCI USA IMI Information Technology 25/50 Index, while IWM is based off of the Russell 2000 Index
Inverse/Leveraged
No
No
FTEC and IWM 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 IWM 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 IWM may offer dividends. The frequency and yield of the dividend may not be the same.
Prospectus
Neither FTEC nor IWM require a K1.

Automated Strategies
Related toFTEC

#BTD

Buy the Dips: Nasdaq 100

Category

Featured, Technology Focus

Risk Rating

Aggressive

Automated Strategies
Related toIWM

#BTD

Buy the Dips: Nasdaq 100

Category

Featured, Technology Focus

Risk Rating

Aggressive

Create your own algorithmic
trading strategy

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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.