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ETF Comparisons

FTEC vs. VOO

Fidelity MSCI Information Technology Index ETF

FTEC
$--
vs

Vanguard S&P 500 ETF

VOO
$--

Correlation

0.93

Compare with

Top 10 comparisons with FTEC:
Compare:
FTEC
Correlation
With:
VOO
Vanguard S&P 500 ETF
0.93
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 VOO:
AAPL
Apple Inc
MSFT
Microsoft Corporation
NVDA
NVIDIA Corp
Invest with FTEC
Learn more about VOO
FTECFidelity MSCI Information Technology Index ETF
VOOVanguard S&P 500 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
**

FTEC Fidelity MSCI Information Technology Index ETF
VOO Vanguard S&P 500 ETF
Inception date
Oct 24 2013
Sep 07 2010
Expense ratio
0.08%
0.03%
FTEC has a higher expense ratio than VOO by 0.05%. This can indicate that it’s more expensive to invest in FTEC than VOO.
Type
US Equities
US Equities
FTEC targets investing in US Equities, while VOO targets investing in US Equities.
Fund owner
Fidelity
Vanguard
FTEC is managed by Fidelity, while VOO is managed by Vanguard.
Volume (1m avg. daily)
$25,275,556
$1,621,694,598
Both FTEC and VOO 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
$325,714,712,538
FTEC has more assets under management than VOO by $318,817,806,588. 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 Index
FTEC is based off of the MSCI USA IMI Information Technology 25/50 Index, while VOO is based off of the S&P 500 Index
Inverse/Leveraged
No
No
FTEC and VOO 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 VOO 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 VOO may offer dividends. The frequency and yield of the dividend may not be the same.
Prospectus
View
View
Neither FTEC nor VOO require a K1.
FTEC and VOO’s Correlation
When ETFs are correlated, there are 3 main topics to analyze that will help you build your automated trading strategy: liquidity, expense, and risk.
  • Liquidity: In an active trading strategy (trading multiple time per week), it’s important to consider the liquidity of the ETF you’re using. Lower liquidity can mean more money lost in slippage. AUM and average daily volume are both indicators of liquidity.
  • Expense: Some ETFs are more expensive to use than others. For strategies that are focused on longer holding periods, it’s important to factor in how expensive it is to hold this ETF. Expense ratio is the main indicator of how expensive an ETF is.
  • Risk: Some ETFs will be highly correlated, but have varying degrees of returns, due to leverage. It’s important to consider if an ETF is using leverage or not. The main indicators of a riskier ETF will be the use of leverage and higher standard deviation or max drawdown in a backtest.

Automated Strategies
Related toFTEC

#BTD

Buy the Dips: Nasdaq 100

Category

Featured, Technology Focus

Risk Rating

Aggressive

Automated Strategies
Related toVOO

#SPYMIN

SPY minimum drawdown

Category

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Risk Rating

Aggressive

Create your own algorithmic
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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.