FTEC vs GGTL: Grades, Fees and Holdings Compared

Fidelity MSCI Information Technology Index ETF

FTECANYSE Arca

Gabelli Global Technology Leaders ETF

GGTLFNYSE Arca

Overlap

22.6%by weight

Expense ratio

FTEC −0.82pt a year

FTEC0.08%GGTL0.90%

Avg volume · 30D

FTEC 130.4×the volume

FTEC275KGGTL2.11K

3Y return · a year

FTEC +11.7pt

FTEC+30.0%GGTL+18.3%

FTEC vs GGTL Performance

Oct 31, 2025 – Nov 2, 2026

+15.4%FTEC+10.4%GGTL

Expense ratio: FTEC 0.08%, better; GGTL 0.90%
Fund size: FTEC $22.2B; GGTL $15M
1Y total return: FTEC +15.4%, better; GGTL +10.4%
Yield (12M): FTEC 0.41%; GGTL 0.92%, better
Holdings: FTEC 290; GGTL 75
Avg volume (30D): FTEC 275K sh, better; GGTL 2.11K sh
NAV per share: FTEC $279.07; GGTL $35.99
52W range

ETF.net Grade

Pillar letters and Scores for FTEC, GGTL, with each pillar’s weight
Pillar	FTEC	GGTL
Cost30% weight	A98Higher	F4
Mission25% weight	Not scored	Not scored
Risk15% weight	B60Higher	B57
Tradability15% weight	A88Higher	F6
Holdings10% weight	D38	Not scored
Durability5% weight	A73Higher	F10

Rank among Technology (Broad) funds

How we build Categories ›

Same Category. FTEC and GGTL are both graded against the same 23 Technology (Broad) funds, so their Grades compare head to head.

Technology (Broad)⁠

Category · 23 funds

See all 23 ›

FTEC ranks 2nd and GGTL 23rd of 23 funds in the Technology (Broad) Category.

Rank 1AXLKState Street Technology Select Sector SPDR ETFScore 82
Rank 2AFTECFidelity MSCI Information Technology Index ETFScore 78
Rank 3AVGTVanguard Information Technology ETFScore 71
Rank 22FTEKiShares Technology Opportunities Active ETFScore 20
Rank 23FGGTLGabelli Global Technology Leaders ETFScore 17

Our read on each fund

ETF.net Research

FTECAFidelity MSCI Information Technology Index ETF

GGTLFGabelli Global Technology Leaders ETF

In short

FTEC Fidelity's tech sleeve runs 0.08% a year and holds about 300 names, tracking an MSCI index that reaches from mega-cap chipmakers down into small-cap software. Cheap beta on the whole US tech stack, not just the giants.

GGTL Gabelli's stock-picking answer to the tech index giants: an actively run, go-anywhere portfolio aiming at capital appreciation with a robotics and automation tilt. Small, hands-on, and priced like the boutique it is at 0.90%.

Stated mandate

FTEC Seeks to track, before fees and expenses, the performance of the MSCI USA IMI Information Technology Index.

GGTL The fund's objective is to achieve capital appreciation.

Why people hold it

FTEC At 0.08%, it ties the cheapest fund in its broad-tech group and undercuts VGT's 0.09%, against a cohort median of 0.40%. On a sector sleeve, that gap compounds quietly.
The MSCI USA IMI benchmark covers large, mid and small cap US tech, so the roughly 300 holdings stretch past the mega-cap tier alone.msci.com
Trading since 2013 and now a multi-billion-dollar fund, it sits in the top quartile of its broad technology peer group.

GGTL Actively managed rather than index-bound, so the manager can hold tech leaders wherever they list. The mandate is explicitly global, not US-only.
The robotics and automation tilt is a sharper cut than broad tech, where a handful of mega-caps dominate the index trackers.
Live since 2022, so you can judge it on a real multi-year record instead of a backtest.

Worth knowing

FTEC Membership follows GICS Information Technology, so several household-name tech businesses classified into other sectors never show up here.msci.com
One sector, one story: tech moves harder than the broad market in both directions, and roughly 300 names does not soften that.
Distributions arrive quarterly, and a growth-heavy sector index is not built around payouts.

GGTL At 0.90%, it costs more than double the tech cohort's 0.40% median and roughly ten times the big index options (VGT at 0.09%, XLK at 0.08%).
A small asset base and thin trading mean wider bid-ask spreads than the category's heavily traded names.
Active means no index to hold it to; outcomes ride on the manager's picks. Cash payouts are infrequent, on an annual or semiannual schedule.

Full FTEC profile⁠

Full GGTL profile⁠

FTEC vs GGTL Holdings

How FTEC and GGTL differ

Overlap by weight

22.6%

Shared holdings make up 51.4% of FTEC and 44.1% of GGTL.

Level by level

Holdings30 in both22.6%
Countryby domicile44.6%
Sector6 Sectors87.0%
Asset classEquity100%

Sector

Sector weights in FTEC and GGTL, widest gap first
Sector	More in FTECMore in GGTL	FTEC	GGTL
Technology	FTEC +12.7 points	99.4%	86.7%
Communication	GGTL +4.8 points	0.0%	4.8%
Industrials	GGTL +4.6 points	0.3%	4.9%
Materials	GGTL +1.8 points	0.0%	1.8%
Consumer Discretionary	GGTL +1.7 points	0.1%	1.8%
Financials	FTEC +0.3 points	0.3%	0.0%

Country, concentration and asset class

Country by domicile

Country weights in FTEC and GGTL, widest gap first
Country	More in FTECMore in GGTL	FTEC	GGTL
United States	FTEC +55.0 points	99.5%	44.5%
Japan	GGTL +33.9 points	0.0%	33.9%
Taiwan	GGTL +14.9 points	0.0%	14.9%
South Korea	GGTL +3.1 points	0.0%	3.1%
Israel	GGTL +2.6 points	0.0%	2.6%
Netherlands	GGTL +1.1 points	0.0%	1.1%
Other countries (4)	FTEC +0.5 points	0.5%	0.0%

Outside the US: GGTL 63% developed, 37% emerging.

Concentration

Weight in the 10 largest Holdings

FTEC64.1%
GGTL35.2%

Securities held

FTEC290
GGTL75

Asset class

FTEC: Equity
GGTL: Equity

Holdings

Only in FTEC260
In both30
Only in GGTL45

Only in FTEC

260 securities, 49.4% of FTEC by weight

Apple Inc17.73%
Cisco Systems Inc1.68%
Palantir Technologies Inc1.64%
Applied Materials Inc1.26%
Palo Alto Networks Inc1.23%
Intel Corp1.17%
Intl Bus Mach Corp0.98%
Amphenol Corporation Class A0.82%
Securities Lending Cf0.79%
Salesforce Inc0.78%
Marvell Technology Inc0.70%
Accenture PLC Class A0.67%
Seagate Techn Holdings PLC0.59%
Western Digital Corp0.54%
Servicenow Inc0.45%
Snowflake Inc0.44%
Adobe Inc0.44%
Corning Inc0.42%
Cadence Design Systems Inc0.40%
Intuit Inc0.39%
Cloudflare Inc0.39%
Hewlett Packard Enterprise Co0.34%
Datadog Inc Class A0.33%
Nxp Semiconductors NV0.30%
Te Connectivity PLC0.29%
Lumentum Holdings Inc0.28%
Monolithic Power Sys Inc0.27%
Autodesk Inc0.25%
Keysight Technologies Inc0.25%
Roper Technologies Inc0.24%
Ciena Corp0.21%
Everpure Inc-A0.21%
Microchip Technology0.21%
Okta Inc Class A0.20%
Teradyne Inc0.20%
Workday Inc Class A0.20%
Netapp Inc0.20%
Astera Labs Inc0.18%
Skyworks Solutions Inc0.18%
Atlassian Corp PLC Cls A0.17%
Cognizant Tech Solutions Class A0.17%
Teledyne Technologies Inc0.17%
Coherent Corp0.16%
Flex Ltd0.16%
Twilio Inc Class A0.16%
Jabil Inc0.15%
Strategy Inc Class A0.15%
Verisign Inc0.15%
Hp Inc0.15%
Mongodb Inc Class A0.15%

Only in GGTL

45 securities, 56.2% of GGTL by weight

Taiwan Semiconductor-Sp Adr7.26%
Treasury Bill 0 12/17/20264.07%
Sony Group Corp - Sp Adr3.78%
Check Point Software Tech2.53%
Advantest Corp2.21%
Sk Hynix Inc-Adr2.07%
Renesas Electronics Corp1.98%
Nintendo Co Ltd-Unspons Adr1.50%
Samsung Electronics Co Ltd1.47%
Mediatek Inc1.45%
Shin-Etsu Chemical Co Ltd1.35%
Ferrotec Corp1.22%
Asia Vital Components1.21%
Tokyo Electron Ltd1.15%
Nintendo Co Ltd1.13%
Arm Holdings Plc-Adr1.10%
Lenovo Group Ltd-Adr1.09%
Macnica Holdings Inc1.05%
Screen Holdings Co Ltd1.03%
Ushio Inc1.02%
Nidec Corp1.00%
Kokusai Electric Corp0.94%
Disco Corp0.90%
Netflix Inc0.89%
Amazon.com Inc0.88%
Sk Hynix Inc0.85%
Alphabet Inc-Cl A0.85%
Ase Technology Holding Co Lt0.82%
Toto Ltd0.78%
Rs Technologies Co Ltd0.73%
Maruwa Co Ltd0.71%
Asml Holding Nv-Ny Reg Shs0.69%
Delta Electronics Inc0.69%
Tokyo Ohka Kogyo Co Ltd0.68%
Globalfoundries Inc0.67%
Kioxia Holdings Corp0.64%
Hon Hai Precision Industry0.63%
Celestica Inc0.62%
Rorze Corp0.50%
Nitto Boseki Co Ltd0.45%
Softbank Group Corp0.41%
Stratasys Ltd0.35%
Rigaku Holdings Corp0.33%
Tekscend Photomask Corp0.32%
Towa Corp0.19%

Weight gaps

All 30 Holdings in both funds, largest gap first.

Holding weights in FTEC and GGTL, widest gap first
Holding	More in FTECMore in GGTL	FTEC	GGTL
NVIDIA CorpNVDA	FTEC +14.67 points	16.95%	2.28%
Microsoft CorpMSFT	FTEC +10.15 points	12.22%	2.07%
Micron Technology IncMU	FTEC +2.39 points	3.99%	1.60%
Oracle CorpORCL	GGTL +2.39 points	0.88%	3.27%
Mks IncMKSI	GGTL +2.19 points	0.09%	2.28%
Fortinet IncFTNT	GGTL +2.16 points	0.38%	2.54%
Arista Networks IncANET	GGTL +2.05 points	0.76%	2.81%
Amkor Technology IncAMKR	GGTL +1.94 points	0.05%	1.99%
Broadcom IncAVGO	FTEC +1.50 points	4.11%	2.61%
Texas Instruments IncTXN	GGTL +1.12 points	1.13%	2.25%
Super Micro Computer IncSMCI	GGTL +1.11 points	0.11%	1.22%
Synopsys IncSNPS	GGTL +0.96 points	0.38%	1.34%
Universal Display CorpOLED	GGTL +0.93 points	0.05%	0.98%
Kyndryl Holdings IncKD	GGTL +0.85 points	0.04%	0.89%
Kla CorpKLAC	GGTL +0.76 points	0.86%	1.62%
Advanced Micro Devices IncAMD	GGTL +0.76 points	3.28%	4.04%
A10 Networks IncATEN	GGTL +0.75 points	0.03%	0.78%
Motorola Solutions IncMSI	GGTL +0.74 points	0.37%	1.11%
Lam Research CorpLRCX	GGTL +0.54 points	1.22%	1.76%
Entegris IncENTG	GGTL +0.52 points	0.14%	0.66%
Crowdstrike Holdings IncCRWD	GGTL +0.47 points	1.04%	1.51%
Analog Devices IncADI	GGTL +0.36 points	0.86%	1.22%
On Semiconductor CorpON	GGTL +0.31 points	0.15%	0.46%
Dell Technologies Inc Class CDELL	GGTL +0.30 points	0.55%	0.85%
Sandisk CorporationSNDK	GGTL +0.16 points	0.70%	0.86%
Belden IncBDC	GGTL +0.10 points	0.05%	0.15%
Gen Digital IncGEN	FTEC +0.04 points	0.11%	0.07%
N-Able IncNABL	GGTL +0.03 points	<0.01%	0.04%
Ptc IncPTC	GGTL +0.02 points	0.15%	0.17%
Qualcomm IncQCOM	FTEC +0.01 points	0.74%	0.73%

All 294 FTEC holdings⁠All GGTL holdings⁠

How we measure overlap

Each holding counts at its smaller weight in the two funds, summed over the full Holdings. Sector, country and asset class use the same rule on each fund’s split. Cash, FX and derivative lines stay out of the counts. Two bond funds get no overlap figure.

FTEC vs GGTL Cost

Overpaying GGTL vs FTEC

$15,267

On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.

FTEC 0.084%
$1,773
GGTL 0.90%
$17,040

Amount$10,000

Years30 years

Cost over time

FTEC 0.084%
GGTL 0.90%
Overpaying

Year by year

Year	FTEC	GGTL	Overpaying
10	$154	$1,593	$1,439
20	$603	$6,015	$5,412
30	$1,773	$17,040	$15,267

Expense ratio

0.08%FTEC, cheaper
0.90%GGTL

FTEC0.08%GGTL0.90%

0.08%1.00%

Middle half of Technology (Broad) funds
Median 0.45%

FTEC 2nd cheapest of 23 funds

GGTL 22nd cheapest of 23 funds

FTEC vs GGTL Dividends

Last 12 months to Nov 2, 2026

Yield (12M): FTEC 0.41%; GGTL 0.92%, better
Payout (12M): FTEC $1.11; GGTL $0.33
Last payment: FTEC $0.33; GGTL $0.33
Ex-dividend: FTEC Sep 18, 2026; GGTL Dec 29, 2025
Paid on: FTEC Sep 22, 2026; GGTL Jan 9, 2026
Frequency: FTEC Quarterly; GGTL Annual

Distribution history

Per share, 2017 to 2026, same scale for both

FTECQuarterly · 39 paymentsAll FTEC payments⁠

GGTLAnnual · 4 paymentsAll GGTL payments⁠

FTEC vs GGTL Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years: FTEC 22.3%GGTL 20.3%, better
Return per unit of riskSharpe ratio, 3 years: FTEC 1.19, betterGGTL 0.77
Worst fallMax drawdown, 5 years: FTEC −35.0%GGTL −23.7%since Jan 2022
Market sensitivityBeta, 5 years: FTEC 1.35GGTL 0.86; Market = 1

FTEC and GGTL in the news

All news⁠

Category Review
Equal-weight technology beat the biggest tech funds this year
Updated Oct 26, 2026FTEC
Deep Dive
An equal-weight technology ETF beat the cap-weighted fund by 9.3 percentage points
Sep 28, 2026FTEC

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