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FTEC vs. TIP

Fidelity MSCI Information Technology Index ETF

FTEC
$--
vs

iShares TIPS Bond ETF

TIP
$--

Correlation

0.28
FTECFidelity MSCI Information Technology Index ETF
TIPiShares TIPS 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
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FTEC Fidelity MSCI Information Technology Index ETF
TIP iShares TIPS Bond ETF
Inception date
Oct 24 2013
Dec 04 2003
Expense ratio
0.08%
0.19%
FTEC has a lower expense ratio than TIP by 0.11%. This can indicate that it’s cheaper to invest in FTEC than TIP.
Type
US Equities
US Bonds
FTEC targets investing in US Equities, while TIP targets investing in US Bonds.
Fund owner
Fidelity
Blackrock (iShares)
FTEC is managed by Fidelity, while TIP is managed by Blackrock (iShares).
Volume (1m avg. daily)
$25,275,556
$275,002,281
Both FTEC and TIP 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
$21,035,302,259
FTEC has more assets under management than TIP by $14,138,396,309. Higher AUM can be associated with better liquidity and lower slippage in trading.
Associated index
MSCI USA IMI Information Technology 25/50 Index
ICE US Treasury Inflation Linked Bond Index
FTEC is based off of the MSCI USA IMI Information Technology 25/50 Index, while TIP is based off of the ICE US Treasury Inflation Linked Bond Index
Inverse/Leveraged
No
No
FTEC and TIP 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 TIP 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 TIP may offer dividends. The frequency and yield of the dividend may not be the same.
Prospectus
Neither FTEC nor TIP 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 toTIP

#ROT

Ride the Oil Trend

Category

Featured, Diversification

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.