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SPY vs. FTEC

SPDR S&P 500 ETF Trust

SPY
$--
vs

Fidelity MSCI Information Technology Index ETF

FTEC
$--

Correlation

SPYSPDR S&P 500 ETF Trust
FTECFidelity MSCI Information Technology Index ETF

What is SPY?

The SPDR S&P 500 ETF is a fund that before expenses generally corresponds to the price and yield performance of the S&P 500 Index.

Snapshot
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SPY SPDR S&P 500 ETF Trust
FTEC Fidelity MSCI Information Technology Index ETF
Inception date
Jan 22, 1993
Oct 24, 2013
Expense ratio
0.09%
0.08%
SPY has a higher expense ratio than FTEC by 0.00%. This can indicate that it’s more expensive to invest in SPY than FTEC.
Type
US Equities
US Equities
SPY targets investing in US Equities, while FTEC targets investing in US Equities.
Fund owner
State Street (SPDR)
Fidelity
SPY is managed by State Street (SPDR), while FTEC is managed by Fidelity.
Volume (1m avg. daily)
$33,257,618,740
$25,275,556
Both SPY 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
$400,404,126,565
$6,896,905,950
SPY has more assets under management than FTEC by $393,507,220,615. Higher AUM can be associated with better liquidity and lower slippage in trading.
Associated index
S&P 500 Index
MSCI USA IMI Information Technology 25/50 Index
SPY is based off of the S&P 500 Index, while FTEC is based off of the MSCI USA IMI Information Technology 25/50 Index
Inverse/Leveraged
No
No
SPY 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
SPY 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
SPY and FTEC may offer dividends. The frequency and yield of the dividend may not be the same.
Prospectus
SPY may issue a K1, while FTEC does not. You can find non-K1 alternatives for SPY in its “Related ETFs” section.

Automated Strategies
Related toSPY

#DSS

Diversify with Sin Stocks

Category

Grow Your Portfolio, Diversification

Risk Rating

Aggressive

Automated Strategies
Related toFTEC

#BTD

Buy the Dips: Nasdaq 100

Category

Featured, Technology Focus

Risk Rating

Aggressive

Create your own algorithmic
trading strategy

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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.