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FTEC vs. VT

Fidelity MSCI Information Technology Index ETF

FTEC
$--
vs

Vanguard Total World Stock ETF

VT
$--

Correlation

0.89
FTECFidelity MSCI Information Technology Index ETF
VTVanguard Total World Stock 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
VT Vanguard Total World Stock ETF
Inception date
Oct 24 2013
Jun 24 2008
Expense ratio
0.08%
0.07%
FTEC has a higher expense ratio than VT by 0.00%. This can indicate that it’s more expensive to invest in FTEC than VT.
Type
US Equities
Global Equities
FTEC targets investing in US Equities, while VT targets investing in Global Equities.
Fund owner
Fidelity
Vanguard
FTEC is managed by Fidelity, while VT is managed by Vanguard.
Volume (1m avg. daily)
$25,275,556
$138,228,150
Both FTEC and VT 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
$28,426,068,465
FTEC has more assets under management than VT by $21,529,162,515. Higher AUM can be associated with better liquidity and lower slippage in trading.
Associated index
MSCI USA IMI Information Technology 25/50 Index
FTSE Global All Cap Index
FTEC is based off of the MSCI USA IMI Information Technology 25/50 Index, while VT is based off of the FTSE Global All Cap Index
Inverse/Leveraged
No
No
FTEC and VT 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 VT 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 VT may offer dividends. The frequency and yield of the dividend may not be the same.
Prospectus
Neither FTEC nor VT require a K1.
FTEC and VT’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 toVT

#WIR

When Inflation is Rising

Category

Living With High Inflation, Worried about Inflation?

Risk Rating

Moderate

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.