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ITOT vs. FTEC

iShares Core S&P Total U.S. Stock Market ETF

ITOT
$--
vs

Fidelity MSCI Information Technology Index ETF

FTEC
$--

Correlation

0.93
ITOTiShares Core S&P Total U.S. Stock Market ETF
FTECFidelity MSCI Information Technology Index ETF

What is ITOT?

The iShares Core S&P Total U.S. Stock Market ETF seeks to track the investment results of S&P Total Market Index.The S&P Total Market Index (TMI) is designed to track the broad equity market, including large-, mid-, small-, and micro-cap stocks. The index includes all common equities listed on the NYSE (including NYSE Arca and NYSE MKT), the NASDAQ Global Select Market, the NASDAQ Global Market, and the NASDAQ Capital Market. The S&P 500 and the S&P Completion Index are subsets of the S&P TMI.

Snapshot
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ITOT iShares Core S&P Total U.S. Stock Market ETF
FTEC Fidelity MSCI Information Technology Index ETF
Inception date
Jan 20 2004
Oct 24 2013
Expense ratio
0.03%
0.08%
ITOT has a lower expense ratio than FTEC by 0.05%. This can indicate that it’s cheaper to invest in ITOT than FTEC.
Type
US Equities
US Equities
ITOT targets investing in US Equities, while FTEC targets investing in US Equities.
Fund owner
Blackrock (iShares)
Fidelity
ITOT is managed by Blackrock (iShares), while FTEC is managed by Fidelity.
Volume (1m avg. daily)
$92,311,586
$25,275,556
Both ITOT and FTEC 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
$43,679,376,151
$6,896,905,950
ITOT has more assets under management than FTEC by $36,782,470,201. Higher AUM can be associated with better liquidity and lower slippage in trading.
Associated index
S&P Total Market Index
MSCI USA IMI Information Technology 25/50 Index
ITOT is based off of the S&P Total Market Index, while FTEC is based off of the MSCI USA IMI Information Technology 25/50 Index
Inverse/Leveraged
No
No
ITOT and FTEC 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
ITOT and FTEC 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
ITOT and FTEC may offer dividends. The frequency and yield of the dividend may not be the same.
Prospectus
Neither ITOT nor FTEC require a K1.
ITOT and FTEC’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 toITOT

#WIR

When Inflation is Rising

Category

Living With High Inflation, Worried about Inflation?

Risk Rating

Moderate

Automated Strategies
Related toFTEC

#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.