FTEC vs IXN: Grades, Fees and Holdings Compared

Fidelity MSCI Information Technology Index ETF

FTECANYSE Arca

iShares Global Tech ETF

IXNBNYSE Arca

Overlap

75.9%by weight

Expense ratio

FTEC −0.29pt a year

FTEC0.08%IXN0.37%

Avg volume · 30D

IXN 1.4×the volume

FTEC275KIXN389K

10Y return · a year

FTEC +0.7pt

FTEC+23.7%IXN+23.0%

FTEC vs IXN Performance

Oct 29, 2021 – Oct 30, 2026

+124.8%FTEC+130.1%IXN

Expense ratio: FTEC 0.08%, better; IXN 0.37%
Fund size: FTEC $22.2B; IXN $8.91B
1Y total return: FTEC +18.5%; IXN +23.1%, better
Yield (12M): FTEC 0.40%; IXN 0.81%, better
Holdings: FTEC 291; IXN 142
Avg volume (30D): FTEC 275K sh; IXN 389K sh, better
NAV per share: FTEC $279.07; IXN $134.91
52W range

ETF.net Grade

Pillar letters and Scores for FTEC, IXN, with each pillar’s weight
Pillar	FTEC	IXN
Cost30% weight	A98Higher	B65
Mission25% weight	Not scored	Not scored
Risk15% weight	B60	B62Higher
Tradability15% weight	A88Higher	B55
Holdings10% weight	D38Higher	D30
Durability5% weight	A73	A77Higher

Rank among Technology (Broad) funds

How we build Categories ›

Same Category. FTEC and IXN 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 IXN 11th 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 10BTDIVFirst Trust NASDAQ Technology Dividend Index FundScore 59
Rank 11BIXNiShares Global Tech ETFScore 58
Rank 12BQTECFirst Trust NASDAQ-100-Technology Sector Index FundScore 55

Our read on each fund

ETF.net Research

FTECAFidelity MSCI Information Technology Index ETF

IXNBiShares Global Tech 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.

IXN Most tech ETFs stop at the US border. IXN doesn't: it tracks a capped global technology index, so software, semiconductor and hardware companies listed outside America sit inside the mandate. 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.

IXN The fund seeks to track an index of global technology-sector equities, providing global sector exposure with diversified access to software, semiconductor, and hardware companies worldwide.

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.

IXN Global by design: the index reaches technology listed worldwide, so foreign chipmakers and hardware names are part of the portfolio, not an afterthought.ishares.com
Trading since 2001, through the dot-com hangover and every tech cycle since, and now a multi-billion-dollar fund from one of the largest ETF shops.
The benchmark is a capped index (the 4.5/22.5/45 rule), a built-in brake on how much weight any single giant can carry.ishares.com
At 0.37% a year, the fee sits a touch under the median for broad technology ETFs, and it spreads across roughly 130 holdings.

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.

IXN The US-only heavyweights undercut it badly on price: XLK, VGT and FTEC all charge under a tenth of a percent against 0.37% here.
Moderately traded rather than a household name at the screen, so trade size and limit orders matter more than with the biggest tech funds.
One sector, one storyline: tech names tend to move together, and the overseas holdings add currency movement on top.

Full FTEC profile⁠

Full IXN profile⁠

FTEC vs IXN Holdings

How FTEC and IXN differ

Overlap by weight

75.9%

Shared holdings make up 88.2% of FTEC and 76.3% of IXN.

Level by level

Sector7 Sectors0.0%
Holdings73 in both75.9%
Countryby domicile78.3%
Asset classEquity100%

Sector

Sector weights in FTEC and IXN, widest gap first
Sector	More in FTECMore in IXN	FTEC	IXN
Technology	FTEC +99.4 points	99.4%	0.0%
Semiconductors & Semiconductor Equipment	IXN +47.7 points	0.0%	47.7%
Tech Hardware & Equip	IXN +28.1 points	0.0%	28.1%
Software & Services	IXN +24.2 points	0.0%	24.2%
Financials	FTEC +0.3 points	0.3%	0.0%
Industrials	FTEC +0.3 points	0.3%	0.0%
Consumer Discretionary	FTEC +0.1 points	0.1%	0.0%

Country, concentration and asset class

Country by domicile

Country weights in FTEC and IXN, widest gap first
Country	More in FTECMore in IXN	FTEC	IXN
United States	FTEC +21.3 points	99.5%	78.2%
Taiwan	IXN +6.7 points	0.0%	6.7%
South Korea	IXN +6.1 points	0.0%	6.1%
Japan	IXN +3.8 points	0.0%	3.8%
Netherlands	IXN +2.7 points	0.0%	2.7%
Germany	IXN +1.2 points	0.0%	1.2%
Canada	IXN +1.2 points	0.0%	1.2%
Other countries (4)	FTEC +0.5 points	0.5%	0.0%

Outside the US: IXN 41% developed, 59% emerging.

Concentration

Weight in the 10 largest Holdings

FTEC63.9%
IXN60.2%

Securities held

FTEC291
IXN129

Asset class

FTEC: Equity
IXN: Equity

Holdings

Only in FTEC218
In both73
Only in IXN56

Only in FTEC

218 securities, 12.6% of FTEC by weight

Securities Lending Cf0.85%
Accenture PLC Class A0.62%
Snowflake Inc0.46%
Cloudflare Inc0.42%
Nxp Semiconductors NV0.30%
Okta Inc Class A0.21%
Astera Labs Inc0.19%
Atlassian Corp PLC Cls A0.17%
Strategy Inc Class A0.16%
Mongodb Inc Class A0.15%
Zscaler Inc0.14%
Entegris Inc0.14%
Rubrik Inc0.14%
Credo Technology Group Hol Ltd0.14%
Zoom Communications Inc Class A0.13%
State Street 60 Day Money Mark0.13%
Docusign Inc0.12%
Nutanix Inc Class A0.12%
Dynatrace Inc0.11%
Td Synnex Corp0.11%
Manhattan Associates Inc0.10%
Samsara Inc0.10%
Macom Technology Soln Hlds Inc0.10%
Semtech Corp0.10%
Lattice Semiconductor Corp0.09%
Arrow Electronics Inc0.09%
Mks Inc0.09%
Guidewire Software Inc0.09%
Gitlab Inc Class A0.09%
Jfrog Ltd0.09%
Unity Software Inc0.09%
Tenable Holdings Inc0.08%
Qualys Inc0.08%
Elastic NV0.08%
Sentinelone Inc0.08%
Littelfuse Inc0.08%
Commvault Systems Inc0.08%
Cognex Corp0.08%
Box Inc Class A0.08%
Viasat Inc0.08%
Epam Systems Inc0.08%
Ringcentral Inc Class A0.08%
Hubspot Inc0.08%
Ionq Inc0.08%
Interdigital Inc0.07%
Sitime Corp0.07%
Ralliant Corp0.07%
Avnet Inc0.07%
Rambus Inc0.07%
Digitalocean Holdings Inc0.07%

Only in IXN

56 securities, 23.5% of IXN by weight

Taiwan Semiconductor Manufacturing4.52%
Samsung Electronics Ltd3.03%
Sk Hynix2.56%
Asml Holding2.49%
Sap0.91%
Shopify Subordinate Voting Class A0.77%
Mediatek0.76%
Advantest0.66%
Accenture PLC Class A0.58%
Tokyo Electron0.57%
Samsung Electronics Non Voting Pre0.42%
Kioxia Holdings0.40%
Keyence0.37%
Hon Hai Precision Industry0.36%
Delta Electronics0.33%
Murata Manufacturing0.30%
Infineon Technologies AG0.30%
Ase Technology Holding0.28%
Nxp Semiconductors NV0.26%
Xiaomi0.22%
Constellation Software0.20%
Nokia0.19%
Elite Material0.19%
Fujitsu0.18%
Asm International NV0.17%
Nec0.16%
United Micro Electronics Corp0.16%
Celestica0.14%
Ibiden Ltd0.13%
Renesas Electronics Corp0.13%
Tdk0.13%
Disco Corp0.13%
Ericsson B0.12%
Stmicroelectronics0.12%
Kyocera0.11%
Fujifilm Holdings0.10%
Canon0.10%
Hexagon Class B0.09%
Capgemini0.08%
Lasertec0.08%
Dassault Systemes0.07%
Halma PLC0.07%
Nomura Research Institute0.06%
Cgi Inc Class A0.06%
Screen Holdings Ltd0.06%
Logitech International0.05%
The Sage Group0.05%
Be Semiconductor Industries NV0.05%
Obic Ltd0.05%
Xero0.03%

Weight gaps

All 73 Holdings in both funds, largest gap first.

Holding weights in FTEC and IXN, widest gap first
Holding	More in FTECMore in IXN	FTEC	IXN
Apple IncAAPL	FTEC +4.29 points	17.17%	12.88%
NVIDIA CorpNVDA	FTEC +3.85 points	16.93%	13.08%
Microsoft CorpMSFT	FTEC +1.92 points	11.88%	9.96%
Intel CorpINTC	IXN +0.18 points	1.57%	1.75%
Qnity Electronics IncQ	IXN +0.10 points	<0.01%	0.10%
Skyworks Solutions IncSWKS	FTEC +0.09 points	0.17%	0.08%
Ptc IncPTC	FTEC +0.06 points	0.14%	0.08%
Arista Networks IncANET	FTEC +0.05 points	0.79%	0.74%
Palantir Technologies IncPLTR	IXN +0.05 points	1.68%	1.73%
Cdw CorporationCDW	FTEC +0.05 points	0.13%	0.08%
Gartner IncIT	FTEC +0.06 points	0.11%	0.05%
Cognizant Tech Solutions Class ACTSH	FTEC +0.05 points	0.16%	0.11%
Roper Technologies IncROP	FTEC +0.05 points	0.22%	0.17%
Verisign IncVRSN	FTEC +0.04 points	0.14%	0.10%
Netapp IncNTAP	FTEC +0.05 points	0.21%	0.16%
Godaddy Inc Class AGDDY	FTEC +0.05 points	0.10%	0.05%
Te Connectivity PLCTEL	FTEC +0.04 points	0.29%	0.25%
Hewlett Packard Enterprise CoHPE	FTEC +0.04 points	0.34%	0.30%
Hp IncHPQ	FTEC +0.05 points	0.16%	0.11%
Zebra Technologies Corp Class AZBRA	FTEC +0.04 points	0.11%	0.07%
Trimble IncTRMB	FTEC +0.04 points	0.10%	0.06%
Teledyne Technologies IncTDY	FTEC +0.04 points	0.16%	0.12%
Motorola Solutions IncMSI	FTEC +0.04 points	0.35%	0.31%
Keysight Technologies IncKEYS	FTEC +0.04 points	0.26%	0.22%
Analog Devices IncADI	FTEC +0.04 points	0.85%	0.81%
Tyler Technologies IncTYL	FTEC +0.05 points	0.10%	0.05%
Everpure Inc-AP	FTEC +0.05 points	0.22%	0.17%
Gen Digital IncGEN	FTEC +0.04 points	0.10%	0.06%
Workday Inc Class AWDAY	FTEC +0.04 points	0.19%	0.15%
Super Micro Computer IncSMCI	FTEC +0.04 points	0.11%	0.07%
Fortinet IncFTNT	FTEC +0.04 points	0.37%	0.33%
F5 IncFFIV	FTEC +0.04 points	0.12%	0.08%
Microchip TechnologyMCHP	FTEC +0.04 points	0.21%	0.17%
Autodesk IncADSK	FTEC +0.04 points	0.23%	0.20%
Dell Technologies Inc Class CDELL	FTEC +0.04 points	0.59%	0.55%
Jabil IncJBL	FTEC +0.03 points	0.15%	0.12%
Twilio Inc Class ATWLO	FTEC +0.04 points	0.18%	0.14%
Cadence Design Systems IncCDNS	FTEC +0.04 points	0.40%	0.36%
Palo Alto Networks IncPANW	FTEC +0.03 points	1.22%	1.19%
Adobe IncADBE	FTEC +0.03 points	0.41%	0.38%
Amphenol Corporation Class AAPH	FTEC +0.04 points	0.81%	0.77%
Akamai Technologies IncAKAM	FTEC +0.04 points	0.09%	0.05%
Qualcomm IncQCOM	FTEC +0.03 points	0.79%	0.76%
Texas Instruments IncTXN	FTEC +0.04 points	1.13%	1.09%
On Semiconductor CorpON	FTEC +0.04 points	0.15%	0.11%
Flex LtdFLEX	FTEC +0.03 points	0.16%	0.13%
Teradyne IncTER	FTEC +0.03 points	0.21%	0.18%
Corning IncGLW	FTEC +0.03 points	0.42%	0.39%
Kla CorpKLAC	FTEC +0.03 points	0.87%	0.84%
First Solar IncFSLR	FTEC +0.03 points	0.10%	0.07%
Ciena CorpCIEN	FTEC +0.03 points	0.22%	0.19%
Fair Isaac CorpFICO	FTEC +0.03 points	0.09%	0.06%
Cisco Systems IncCSCO	FTEC +0.03 points	1.67%	1.64%
Sandisk CorporationSNDK	FTEC +0.03 points	0.77%	0.74%
Monolithic Power Sys IncMPWR	FTEC +0.02 points	0.25%	0.23%
Lam Research CorpLRCX	FTEC +0.02 points	1.24%	1.22%
Applied Materials IncAMAT	FTEC +0.03 points	1.31%	1.28%
Oracle CorpORCL	IXN +0.02 points	0.90%	0.92%
Synopsys IncSNPS	FTEC +0.02 points	0.38%	0.36%
Salesforce IncCRM	FTEC +0.03 points	0.75%	0.72%
Crowdstrike Holdings IncCRWD	FTEC +0.02 points	1.04%	1.02%
Datadog Inc Class ADDOG	FTEC +0.02 points	0.36%	0.34%
Intuit IncINTU	FTEC +0.02 points	0.37%	0.35%
Advanced Micro Devices IncAMD	IXN +0.02 points	3.52%	3.54%
Servicenow IncNOW	FTEC +0.02 points	0.45%	0.43%
Marvell Technology IncMRVL	FTEC +0.02 points	0.75%	0.73%
Lumentum Holdings IncLITE	IXN +0.01 points	0.30%	0.31%
Seagate Techn Holdings PLCSTX	FTEC +0.01 points	0.62%	0.61%
Intl Bus Mach CorpIBM	FTEC +0.01 points	0.94%	0.93%
Western Digital CorpWDC	Same weight	0.55%	0.55%
Broadcom IncAVGO	FTEC +0.01 points	4.16%	4.15%
Micron Technology IncMU	IXN +0.01 points	4.03%	4.04%
Coherent CorpCOHR	Same weight	0.18%	0.18%

All 294 FTEC holdings⁠All 130 IXN 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 IXN Cost

Overpaying IXN vs FTEC

$5,740

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

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

Amount$10,000

Years30 years

Cost over time

FTEC 0.084%
IXN 0.37%
Overpaying

Year by year

Year	FTEC	IXN	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%IXN

FTEC0.08%IXN0.37%

0.08%1.00%

Middle half of Technology (Broad) funds
Median 0.45%

FTEC 2nd cheapest of 23 funds

IXN 7th cheapest of 23 funds

FTEC vs IXN Dividends

Last 12 months to Oct 30, 2026

Yield (12M): FTEC 0.40%; IXN 0.81%, better
Payout (12M): FTEC $1.11; IXN $1.10
Last payment: FTEC $0.33; IXN $0.17
Ex-dividend: FTEC Sep 18, 2026; IXN Jun 15, 2026
Paid on: FTEC Sep 22, 2026; IXN Jun 18, 2026
Frequency: FTEC Quarterly; IXN Twice a year

Distribution history

Per share, 2017 to 2026, same scale for both

FTECQuarterly · 39 paymentsAll FTEC payments⁠

IXNTwice a year · 20 paymentsAll IXN payments⁠

FTEC vs IXN Risk

Fall from peak · 5 years

FTEC
IXN

Risk facts

VolatilityStd dev, 3 years: FTEC 22.3%, betterIXN 23.9%
Return per unit of riskSharpe ratio, 3 years: FTEC 1.19, betterIXN 1.15
Worst fallMax drawdown, 5 years: FTEC −35.0%, betterIXN −36.3%
Market sensitivityBeta, 5 years: FTEC 1.35IXN 1.37; Market = 1

FTEC and IXN in the news

All news⁠

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

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