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ETF Comparisons

FTEC vs. SQQQ

Fidelity MSCI Information Technology Index ETF

FTEC
$—
Today’s Change
— (—)
vs

ProShares UltraPro Short QQQ

SQQQ
$—
Today’s Change
— (—)

Correlation

-0.98

Compare with

Top 10 comparisons with FTEC:
Compare:
FTEC
Correlation
With:
SQQQ
ProShares UltraPro Short QQQ
-0.98
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 SQQQ:

There are no shared holdings.
Invest with FTEC
Learn more about FTEC
Invest with SQQQ
Learn more about SQQQ
1M
3M
6M
YTD
1Y
3Y
Max
www.composer.trade

Performance Measures**

for the time period Oct 24, 2013 to Aug 6, 2026

Returns

1M Trailing Return:

3M Trailing Return:

FTEC

2.7%

9.3%

SQQQ

1.1%

-13.8%

Diff.

+1.6%

+23.1%

Measures of Risk or Volatility

Max Drawdown:

Standard Deviation:

FTEC

-35.0%

23.4%

SQQQ

-100.0%

63.3%

Diff.

+65%

-39.9%

Measures of Risk-Adjusted Performance

Sharpe Ratio:

Calmar Ratio:

FTEC

0.97

0.63

SQQQ

-0.86

-0.53

Diff.

+1.83

+1.16

FTECFidelity MSCI Information Technology Index ETF
SQQQProShares UltraPro Short QQQ

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
SQQQ ProShares UltraPro Short QQQ
Inception date
Oct 24, 2013
Feb 9, 2010
Expense ratio
0.08%
0.95%
FTEC has a lower expense ratio than SQQQ by 0.87%. This can indicate that it’s cheaper to invest in FTEC than SQQQ.
Type
US Equities
US Equities
FTEC targets investing in US Equities, while SQQQ targets investing in US Equities.
Fund owner
Fidelity
ProShares
FTEC is managed by Fidelity, while SQQQ is managed by ProShares.
Volume (1m avg. daily)
$25,275,556
$2,217,551,125
Both FTEC and SQQQ 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
$4,455,851,279
FTEC has more assets under management than SQQQ by $2,441,054,671. Higher AUM can be associated with better liquidity and lower slippage in trading.
Associated index
MSCI USA IMI Information Technology 25/50 Index
Nasdaq 100 Index
FTEC is based off of the MSCI USA IMI Information Technology 25/50 Index, while SQQQ is based off of the Nasdaq 100 Index
Inverse/Leveraged
No
Inverse (-3x)
FTEC does not use an inverse or leveraged strategy, while SQQQ uses Inverse (-3x). 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 SQQQ 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 SQQQ may offer dividends. The frequency and yield of the dividend may not be the same.
Prospectus
View
View
Neither FTEC nor SQQQ require a K1.
When ETFs are inversely correlated, they can be used in actively traded strategies (multiple trades per week) to take positions in opposing directions. For example, if you believe FTEC is going to fall, it would make sense to invest in SQQQ, as based on historical data, when FTEC decreases in value, SQQQ tends to increase in value.

Trading Strategies
Related toFTEC

KMLMNOVA MIX INV VOL WM 74

Category

Tactical ETF rotation, leveraged tech & semis, managed futures switch, volatility hedging, trend/momentum, risk-on/off

OOS Cumulative Return

99.88%

Trading Strategies
Related toSQQQ

The Holy Grail

Category

Trend/momentum, leveraged ETFs, tech/Nasdaq focus, volatility hedge, market timing

OOS Cumulative Return

1950.72%

Create your own algorithmic
trading strategy

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.

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