FTEC vs IGM: Grades, Fees and Holdings Compared

Fidelity MSCI Information Technology Index ETF

FTECANYSE Arca

iShares Expanded Tech Sector ETF

IGMBNYSE Arca

Overlap

74.4%by weight

Expense ratio

FTEC −0.29pt a year

FTEC0.08%IGM0.37%

Avg volume · 30D

IGM 1.2×the volume

FTEC275KIGM336K

10Y return · a year

FTEC +0.8pt

FTEC+24.4%IGM+23.6%

FTEC vs IGM Performance

Oct 28, 2021 – Oct 28, 2026

+138.4%FTEC+132.8%IGM

Expense ratio: FTEC 0.08%, better; IGM 0.37%
Fund size: FTEC $22.2B; IGM $10.9B
1Y total return: FTEC +25.0%, better; IGM +21.7%
Yield (12M): FTEC 0.38%, better; IGM 0.14%
Holdings: FTEC 292; IGM 295
Avg volume (30D): FTEC 275K sh; IGM 336K sh, better
NAV per share: FTEC $294.64; IGM $159.31
52W range

ETF.net Grade

Pillar letters and Scores for FTEC, IGM, with each pillar’s weight
Pillar	FTEC	IGM
Cost30% weight	A98Higher	B65
Mission25% weight	Not scored	A84
Risk15% weight	B55	B66Higher
Tradability15% weight	A88Higher	A70
Holdings10% weight	D38	B59Higher
Durability5% weight	A73	A79Higher

Rank among Technology (Broad) funds

How we build Categories ›

Same Category. FTEC and IGM 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 IGM 5th of 23 funds in the Technology (Broad) Category.

Rank 1AXLKState Street Technology Select Sector SPDR ETFScore 80
Rank 2AFTECFidelity MSCI Information Technology Index ETFScore 77
Rank 3AVGTVanguard Information Technology ETFScore 70
Rank 4BRSPTInvesco S&P 500 Equal Weight Technology ETFScore 68
Rank 5BIGMiShares Expanded Tech Sector ETFScore 65
Rank 5BXNTKState Street SPDR NYSE Technology ETFScore 65

Our read on each fund

ETF.net Research

FTECAFidelity MSCI Information Technology Index ETF

IGMBiShares Expanded Tech Sector 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.

IGM Tech with the fence moved. IGM's index reaches past the classic tech sector to add selected communication-services names and Canadian listings, holding about 300 stocks. It has been running since 2001.

Stated mandate

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

IGM The fund seeks to track an index of U.S. and Canadian technology companies together with selected communication-services companies.

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.

IGM The "expanded" part is the whole point: the index pairs U.S. and Canadian technology companies with selected communication-services names, so internet and media businesses that pure tech-sector funds exclude are in the mix.ishares.com
About 300 holdings across two countries, a wider net than sector funds drawn only from the S&P 500.
Launched in March 2001, it is one of the long-running names in tech ETFs, now a multi-billion-dollar fund that trades actively.
Tracking has been tight: the portfolio has stayed close to the S&P North American Expanded Technology Sector Index it promises, and it is among the stronger implementations in the broad tech group.

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.

IGM Fees are the trade-off. At 0.37% it sits just under the broad-tech median, but plain tech trackers VGT, XLK and FTEC charge under 0.10% for a narrower mandate.
This is one slice of the market: North American tech plus some communication services, and nothing else. When that corner moves, the whole fund moves with it.
Distributions come quarterly, but a growth-sector equity basket is built around the companies, not the payout.

Full FTEC profile⁠

Full IGM profile⁠

FTEC vs IGM Holdings

Holdings as of Oct 29, 2026 for FTEC and Oct 28, 2026 for IGM

How FTEC and IGM differ

Overlap by weight

74.4%

Shared holdings make up 98.5% of FTEC and 82.9% of IGM.

Level by level

Holdings251 in both74.4%
Sector7 Sectors85.1%
Countryby domicile97.7%
Asset classEquity100%

Sector

Sector weights in FTEC and IGM, widest gap first
Sector	More in FTECMore in IGM	FTEC	IGM
Communication	IGM +14.8 points	0.0%	14.8%
Technology	FTEC +14.6 points	99.4%	84.8%
Industrials	FTEC +0.2 points	0.3%	0.1%
Energy	IGM +0.1 points	0.0%	0.1%
Consumer Discretionary	FTEC +0.1 points	0.1%	0.0%
Financials	FTEC +0.1 points	0.3%	0.2%
Materials	Same weight	0.0%	0.0%

Country, concentration and asset class

Country by domicile

Country weights in FTEC and IGM, widest gap first
Country	More in FTECMore in IGM	FTEC	IGM
United States	FTEC +2.2 points	98.5%	96.3%
Canada	IGM +1.3 points	0.0%	1.3%
Singapore	IGM +0.7 points	0.0%	0.7%
Other countries (5)	IGM +0.2 points	1.5%	1.7%

Concentration

Weight in the 10 largest Holdings

FTEC63.9%
IGM56.7%

Securities held

FTEC291
IGM293

Asset class

FTEC: Equity
IGM: Equity

Holdings

Only in FTEC40
In both251
Only in IGM42

Only in FTEC

40 securities, 2.2% of FTEC by weight

Securities Lending Cf0.77%
Accenture PLC Class A0.58%
Nxp Semiconductors NV0.28%
State Street 60 Day Money Mark0.12%
Jfrog Ltd0.09%
Novanta Inc0.06%
Ccc Intelligent Solutions Hold0.06%
Ambarella Inc0.04%
Amplitude Inc0.02%
Ichor Holdings Ltd0.02%
Vistance Networks Inc0.02%
Scansource Inc0.02%
Ncr Voyix Corp0.01%
Pagaya Technolgoies Ltd A0.01%
Ceva Inc0.01%
Daily Journal Corp0.01%
Daktronics Inc0.01%
Corsair Gaming Inc<0.01%
Alpha & Omega Semicndtr Ltd<0.01%
Par Technology Corp<0.01%
Grid Dynamics Holdings Inc<0.01%
Newhold Investment Corp<0.01%
N-Able Inc<0.01%
Indie Semiconductor Inc<0.01%
Bit Digital Inc<0.01%
Netskope Inc A<0.01%
Via Transportation Inc<0.01%
Eastman Kodak Co<0.01%
Red Violet Inc<0.01%
Figma Inc-Cl A<0.01%
Ingram Micro Holding Corp<0.01%
Adi Global Distribution Inc Wi<0.01%
Digital Turbine Inc<0.01%
Infleqtion Inc<0.01%
Rackspace Technology Inc<0.01%
Keel Infrastructure Corp<0.01%
Whitefiber Inc<0.01%
Iren Ltd<0.01%
Boost Run Inc<0.01%
Sharonai Holdings Inc<0.01%

Only in IGM

42 securities, 16.9% of IGM by weight

Alphabet Class A4.57%
Meta Platforms Class A4.27%
Alphabet Class C3.66%
Netflix1.18%
Shopify Subordinate Voting Class A0.91%
Accenture PLC Class A0.65%
Applovin Class A0.32%
Nxp Semiconductors NV0.29%
Roblox Class A0.17%
Take Two Interactive Software0.16%
Celestica0.16%
Reddit Class A0.09%
Cgi Inc Class A0.07%
Bitmine Immersion Technologies0.06%
Match Group Inc0.05%
Pinterest Class A0.04%
Descartes Systems Group0.04%
Snap Inc Class A0.03%
Open Text0.03%
Novanta0.03%
Blackberry0.03%
Ccc Intelligent Solutions Holdings0.02%
Cerebras Systems Inc Class A0.02%
Ambarella0.01%
Cargurus Class A0.01%
People0.01%
Ziff Davis Inc<0.01%
Ichor Holdings<0.01%
Lightspeed Commerce<0.01%
Vistance Networks Inc<0.01%
Zoominfo Technologies<0.01%
Ncr Voyix<0.01%
Tripadvisor<0.01%
Trump Media Technology Group<0.01%
Yelp<0.01%
Rum Group Class A<0.01%
Clearfield Inc<0.01%
Grindr Inc<0.01%
Bk Technologies Corp<0.01%
Lantronix Inc<0.01%
Ribbon Communications<0.01%
Playtika Holding Corp<0.01%

Weight gaps

The 100 widest of 251 Holdings in both funds.

Holding weights in FTEC and IGM, widest gap first
Holding	More in FTECMore in IGM	FTEC	IGM
NVIDIA CorpNVDA	FTEC +8.91 points	17.19%	8.28%
Apple IncAAPL	FTEC +7.64 points	17.00%	9.36%
Broadcom IncAVGO	IGM +2.96 points	4.11%	7.07%
Microsoft CorpMSFT	FTEC +2.66 points	11.85%	9.19%
Advanced Micro Devices IncAMD	IGM +0.69 points	3.47%	4.16%
Intel CorpINTC	IGM +0.53 points	1.59%	2.12%
Palantir Technologies IncPLTR	IGM +0.39 points	1.69%	2.08%
Cisco Systems IncCSCO	IGM +0.30 points	1.70%	2.00%
Applied Materials IncAMAT	IGM +0.21 points	1.22%	1.43%
Palo Alto Networks IncPANW	IGM +0.20 points	1.29%	1.49%
Lam Research CorpLRCX	IGM +0.20 points	1.17%	1.37%
Oracle CorpORCL	IGM +0.19 points	0.84%	1.03%
Crowdstrike Holdings IncCRWD	IGM +0.18 points	1.06%	1.24%
Texas Instruments IncTXN	IGM +0.17 points	1.11%	1.28%
Intl Bus Mach CorpIBM	IGM +0.16 points	0.91%	1.07%
Marvell Technology IncMRVL	IGM +0.14 points	0.83%	0.97%
Salesforce IncCRM	IGM +0.12 points	0.78%	0.90%
Kla CorpKLAC	IGM +0.12 points	0.79%	0.91%
Sandisk CorporationSNDK	IGM +0.12 points	0.75%	0.87%
Qnity Electronics IncQ	IGM +0.11 points	<0.01%	0.11%
Qualcomm IncQCOM	IGM +0.12 points	0.78%	0.90%
Analog Devices IncADI	IGM +0.11 points	0.83%	0.94%
Amphenol Corporation Class AAPH	IGM +0.11 points	0.77%	0.88%
Coreweave IncCRWV	IGM +0.10 points	<0.01%	0.10%
Seagate Techn Holdings PLCSTX	IGM +0.10 points	0.59%	0.69%
Servicenow IncNOW	IGM +0.10 points	0.63%	0.73%
Western Digital CorpWDC	IGM +0.09 points	0.53%	0.62%
Arista Networks IncANET	IGM +0.09 points	0.80%	0.89%
Strategy Inc Class AMSTR	IGM +0.07 points	0.16%	0.23%
Micron Technology IncMU	IGM +0.08 points	3.99%	4.07%
Circle Internet Group Inc ACRCL	IGM +0.07 points	<0.01%	0.07%
Skyworks Solutions IncSWKS	FTEC +0.07 points	0.16%	0.09%
Dell Technologies Inc Class CDELL	IGM +0.07 points	0.62%	0.69%
Lumentum Holdings IncLITE	IGM +0.07 points	0.28%	0.35%
Snowflake IncSNOW	IGM +0.07 points	0.46%	0.53%
Tenable Holdings IncTENB	FTEC +0.06 points	0.08%	0.02%
Box Inc Class ABOX	FTEC +0.05 points	0.08%	0.03%
Ringcentral Inc Class ARNG	FTEC +0.05 points	0.08%	0.03%
Datadog Inc Class ADDOG	IGM +0.05 points	0.38%	0.43%
Commvault Systems IncCVLT	FTEC +0.05 points	0.08%	0.03%
Insight Enterprises IncNSIT	FTEC +0.05 points	0.07%	0.02%
Gitlab Inc Class AGTLB	FTEC +0.05 points	0.09%	0.04%
Qualys IncQLYS	FTEC +0.04 points	0.08%	0.04%
Intuit IncINTU	IGM +0.05 points	0.36%	0.41%
Cloudflare IncNET	IGM +0.04 points	0.44%	0.48%
Epam Systems IncEPAM	FTEC +0.05 points	0.08%	0.03%
Docusign IncDOCU	FTEC +0.05 points	0.12%	0.07%
Varonis Systems IncVRNS	FTEC +0.04 points	0.07%	0.03%
Badger Meter IncBMI	FTEC +0.04 points	0.06%	0.02%
Corning IncGLW	IGM +0.05 points	0.41%	0.46%
Ptc IncPTC	FTEC +0.04 points	0.14%	0.10%
Sentinelone IncS	FTEC +0.04 points	0.08%	0.04%
Synopsys IncSNPS	IGM +0.04 points	0.37%	0.41%
Dropbox Inc Class ADBX	FTEC +0.05 points	0.07%	0.02%
Synaptics IncSYNA	FTEC +0.04 points	0.06%	0.02%
Vontier CorpVNT	FTEC +0.04 points	0.06%	0.02%
Impinj IncPI	FTEC +0.04 points	0.06%	0.02%
Workiva IncWK	FTEC +0.04 points	0.06%	0.02%
Q2 Holdings IncQTWO	FTEC +0.04 points	0.06%	0.02%
Elastic NVESTC	FTEC +0.04 points	0.08%	0.04%
Bill Holdings IncBILL	FTEC +0.04 points	0.06%	0.02%
Gartner IncIT	FTEC +0.04 points	0.10%	0.06%
Aci Worldwide IncACIW	FTEC +0.04 points	0.07%	0.03%
Okta Inc Class AOKTA	FTEC +0.04 points	0.21%	0.17%
Zeta Global Holdings CorpZETA	FTEC +0.04 points	0.07%	0.03%
Dolby Laboratories Inc Class ADLB	FTEC +0.04 points	0.06%	0.02%
Bentley Sys Inc Class BBSY	FTEC +0.04 points	0.07%	0.03%
Avnet IncAVT	FTEC +0.04 points	0.07%	0.03%
Semtech CorpSMTC	FTEC +0.04 points	0.10%	0.06%
Manhattan Associates IncMANH	FTEC +0.04 points	0.10%	0.06%
Rubrik IncRBRK	FTEC +0.04 points	0.14%	0.10%
Itron IncITRI	FTEC +0.04 points	0.06%	0.02%
Ralliant CorpRAL	FTEC +0.03 points	0.07%	0.04%
Silicon Laboratories IncSLAB	FTEC +0.04 points	0.07%	0.03%
Arrow Electronics IncARW	FTEC +0.04 points	0.09%	0.05%
Adobe IncADBE	IGM +0.04 points	0.41%	0.45%
Cdw CorporationCDW	FTEC +0.04 points	0.13%	0.09%
Diodes IncDIOD	FTEC +0.03 points	0.05%	0.02%
Fastly Inc Class AFSLY	FTEC +0.03 points	0.05%	0.02%
Godaddy Inc Class AGDDY	FTEC +0.04 points	0.10%	0.06%
Dynatrace IncDT	FTEC +0.04 points	0.12%	0.08%
Plexus CorpPLXS	FTEC +0.03 points	0.06%	0.03%
Appfolio Inc - AAPPF	FTEC +0.04 points	0.06%	0.02%
Universal Display CorpOLED	FTEC +0.03 points	0.05%	0.02%
Kulicke & Soffa Industries IncKLIC	FTEC +0.03 points	0.05%	0.02%
Procore Technologies IncPCOR	FTEC +0.04 points	0.07%	0.03%
Vishay Intertechnology IncVSH	FTEC +0.03 points	0.05%	0.02%
Interdigital IncIDCC	FTEC +0.03 points	0.07%	0.04%
Axcelis Technologies IncACLS	FTEC +0.03 points	0.05%	0.02%
Coherent CorpCOHR	IGM +0.03 points	0.18%	0.21%
Allegro Microsystems IncALGM	FTEC +0.03 points	0.05%	0.02%
Cadence Design Systems IncCDNS	IGM +0.03 points	0.40%	0.43%
Sps Commerce IncSPSC	FTEC +0.04 points	0.05%	0.01%
Maxlinear IncMXL	FTEC +0.03 points	0.06%	0.03%
Formfactor IncFORM	FTEC +0.03 points	0.07%	0.04%
Cognex CorpCGNX	FTEC +0.04 points	0.08%	0.04%
Osi Systems IncOSIS	FTEC +0.04 points	0.05%	0.01%
Uipath Inc APATH	FTEC +0.03 points	0.06%	0.03%
Zebra Technologies Corp Class AZBRA	FTEC +0.03 points	0.11%	0.08%
Samsara IncIOT	FTEC +0.04 points	0.11%	0.07%

All 294 FTEC holdings⁠All 293 IGM 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 IGM Cost

Overpaying IGM vs FTEC

$5,740

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

FTEC 0.084%
$1,773
IGM 0.37%
$7,513

Amount$10,000

Years30 years

Cost over time

FTEC 0.084%
IGM 0.37%
Overpaying

Year by year

Year	FTEC	IGM	Overpaying
10	$154	$670	$516
20	$603	$2,590	$1,987
30	$1,773	$7,513	$5,740

Expense ratio

0.08%FTEC, cheaper
0.37%IGM

FTEC0.08%IGM0.37%

0.08%1.00%

Middle half of Technology (Broad) funds
Median 0.45%

FTEC 2nd cheapest of 23 funds

IGM 7th cheapest of 23 funds

FTEC vs IGM Dividends

Last 12 months to Oct 28, 2026

Yield (12M): FTEC 0.38%, better; IGM 0.14%
Payout (12M): FTEC $1.11; IGM $0.22
Last payment: FTEC $0.33; IGM $0.05
Ex-dividend: FTEC Sep 18, 2026; IGM Sep 15, 2026
Paid on: FTEC Sep 22, 2026; IGM Sep 18, 2026
Frequency: FTEC Quarterly; IGM Quarterly

Distribution history

Per share, 2017 to 2026, same scale for both

FTECQuarterly · 39 paymentsAll FTEC payments⁠

IGMQuarterly · 39 paymentsAll IGM payments⁠

FTEC vs IGM Risk

Fall from peak · 5 years

FTEC
IGM

Risk facts

VolatilityStd dev, 3 years: FTEC 21.7%, betterIGM 22.2%
Return per unit of riskSharpe ratio, 3 years: FTEC 1.31IGM 1.40, better
Worst fallMax drawdown, 5 years: FTEC −35.0%, betterIGM −40.7%
Market sensitivityBeta, 5 years: FTEC 1.35IGM 1.40; Market = 1

FTEC and IGM in the news

All news⁠

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

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