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FTEC vs. RSP

Fidelity MSCI Information Technology Index ETF

FTEC
$--
vs

Invesco S&P 500 Equal Weight ETF

RSP
$--

Correlation

FTECFidelity MSCI Information Technology Index ETF
RSPInvesco S&P 500 Equal Weight 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
RSP Invesco S&P 500 Equal Weight ETF
Inception date
Oct 24, 2013
Apr 24, 2003
Expense ratio
0.08%
0.20%
FTEC has a lower expense ratio than RSP by 0.12%. This can indicate that it’s cheaper to invest in FTEC than RSP.
Type
US Equities
US Equities
FTEC targets investing in US Equities, while RSP targets investing in US Equities.
Fund owner
Fidelity
Invesco
FTEC is managed by Fidelity, while RSP is managed by Invesco.
Volume (1m avg. daily)
$25,275,556
$616,655,599
Both FTEC and RSP 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
$40,657,630,595
FTEC has more assets under management than RSP by $33,760,724,645. Higher AUM can be associated with better liquidity and lower slippage in trading.
Associated index
MSCI USA IMI Information Technology 25/50 Index
S&P 500 Equal Weighted Index
FTEC is based off of the MSCI USA IMI Information Technology 25/50 Index, while RSP is based off of the S&P 500 Equal Weighted Index
Inverse/Leveraged
No
No
FTEC and RSP 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 RSP 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 RSP may offer dividends. The frequency and yield of the dividend may not be the same.
Prospectus
Neither FTEC nor RSP require a K1.

Automated Strategies
Related toFTEC

#BTD

Buy the Dips: Nasdaq 100

Category

Featured, Technology Focus

Risk Rating

Aggressive

Automated Strategies
Related toRSP

#BTD

Buy the Dips: Nasdaq 100

Category

Featured, Technology Focus

Risk Rating

Aggressive

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.

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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.