FTEC vs PSCT: Grades, Fees and Holdings Compared

Fidelity MSCI Information Technology Index ETF

FTECANYSE Arca

Invesco S&P SmallCap Information Technology ETF

PSCTBNasdaq

Overlap

2.8%by weight

Expense ratio

FTEC −0.21pt a year

FTEC0.08%PSCT0.29%

Avg volume · 30D

FTEC 6.3×the volume

FTEC275KPSCT43.5K

10Y return · a year

FTEC +9.2pt

FTEC+23.7%PSCT+14.5%

FTEC vs PSCT Performance

Oct 29, 2021 – Oct 30, 2026

+124.8%FTEC+63.8%PSCT

Expense ratio: FTEC 0.08%, better; PSCT 0.29%
Fund size: FTEC $22.2B; PSCT $481M
1Y total return: FTEC +18.5%; PSCT +35.0%, better
Yield (12M): FTEC 0.40%, better; PSCT 0.00%
Holdings: FTEC 291; PSCT 74
Avg volume (30D): FTEC 275K sh, better; PSCT 43.5K sh
NAV per share: FTEC $279.07; PSCT $78.37
52W range

ETF.net Grade

Pillar letters and Scores for FTEC, PSCT, with each pillar’s weight
Pillar	FTEC	PSCT
Cost30% weight	A98Higher	A83
Mission25% weight	Not scored	Not scored
Risk15% weight	B60Higher	D34
Tradability15% weight	A88Higher	D38
Holdings10% weight	D38	A79Higher
Durability5% weight	A73Higher	C52

Rank among Technology (Broad) funds

How we build Categories ›

Same Category. FTEC and PSCT 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 PSCT 8th 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 5BXNTKState Street SPDR NYSE Technology ETFScore 64
Rank 8BPSCTInvesco S&P SmallCap Information Technology ETFScore 61
Rank 9BXSWState Street SPDR S&P Software & Services ETFScore 60

Our read on each fund

ETF.net Research

FTECAFidelity MSCI Information Technology Index ETF

PSCTBInvesco S&P SmallCap Information Technology 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.

PSCT Tech exposure without the mega-cap giants. PSCT owns roughly 70 small US technology companies drawn from the S&P SmallCap 600, an index that only admits companies with real earnings behind them.

Stated mandate

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

PSCT The fund uses an index designed to measure the performance of US information technology 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.

PSCT At 0.29% a year it undercuts the typical fund in its tech peer group, and it has run the same small-cap playbook since 2010.
Its S&P SmallCap 600 universe requires positive earnings in the latest quarter and across the last four combined, screening out the cash-burning end of small-cap tech.wikipedia.org spglobal.com
The index is capped, so no single name balloons into an outsized weight, and the fund rebalances and reconstitutes quarterly as companies grow in or out of small-cap.invesco.com
Sits in the upper half of its technology peer group, and it sticks closely to the index it names in its own documents.

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.

PSCT Trading is thin next to giants like VGT and XLK, so bid-ask spreads can run wider, especially in fast markets.
One sector, one size band: about 70 small US tech names swing harder than a broad-market or mega-cap tech fund.
Distributions arrive once or twice a year, not monthly. The mandate is sector growth, not income.

Full FTEC profile⁠

Full PSCT profile⁠

FTEC vs PSCT Holdings

How FTEC and PSCT differ

Overlap by weight

2.8%

Shared holdings make up 99.3% of PSCT and 2.8% of FTEC.

Level by level

Holdings70 in both2.8%
Sector5 Sectors91.0%
Countryby domicile99.1%
Asset classEquity100%

Sector

Sector weights in FTEC and PSCT, widest gap first
Sector	More in FTECMore in PSCT	FTEC	PSCT
Technology	FTEC +9.0 points	99.4%	90.4%
Industrials	PSCT +4.5 points	0.3%	4.8%
Energy	PSCT +2.6 points	0.0%	2.6%
Financials	PSCT +1.9 points	0.3%	2.2%
Consumer Discretionary	FTEC +0.1 points	0.1%	0.0%

Country, concentration and asset class

Country by domicile

Country weights in FTEC and PSCT, widest gap first
Country	More in FTECMore in PSCT	FTEC	PSCT
Singapore	PSCT +0.7 points	0.0%	0.7%
Other countries (5)	FTEC +0.7 points	100.0%	99.3%

Concentration

Weight in the 10 largest Holdings

FTEC63.9%
PSCT29.3%

Securities held

FTEC291
PSCT72

Asset class

FTEC: Equity
PSCT: Equity

Holdings

Only in FTEC221
In both70
Only in PSCT2

Only in FTEC

221 securities, 98.0% of FTEC by weight

Apple Inc17.17%
NVIDIA Corp16.93%
Microsoft Corp11.88%
Broadcom Inc4.16%
Micron Technology Inc4.03%
Advanced Micro Devices Inc3.52%
Palantir Technologies Inc1.68%
Cisco Systems Inc1.67%
Intel Corp1.57%
Applied Materials Inc1.31%
Lam Research Corp1.24%
Palo Alto Networks Inc1.22%
Texas Instruments Inc1.13%
Crowdstrike Holdings Inc1.04%
Intl Bus Mach Corp0.94%
Oracle Corp0.90%
Kla Corp0.87%
Analog Devices Inc0.85%
Securities Lending Cf0.85%
Amphenol Corporation Class A0.81%
Qualcomm Inc0.79%
Arista Networks Inc0.79%
Sandisk Corporation0.77%
Salesforce Inc0.75%
Marvell Technology Inc0.75%
Seagate Techn Holdings PLC0.62%
Accenture PLC Class A0.62%
Dell Technologies Inc Class C0.59%
Western Digital Corp0.55%
Snowflake Inc0.46%
Servicenow Inc0.45%
Corning Inc0.42%
Cloudflare Inc0.42%
Adobe Inc0.41%
Cadence Design Systems Inc0.40%
Synopsys Inc0.38%
Fortinet Inc0.37%
Intuit Inc0.37%
Datadog Inc Class A0.36%
Motorola Solutions Inc0.35%
Hewlett Packard Enterprise Co0.34%
Nxp Semiconductors NV0.30%
Lumentum Holdings Inc0.30%
Te Connectivity PLC0.29%
Keysight Technologies Inc0.26%
Monolithic Power Sys Inc0.25%
Autodesk Inc0.23%
Roper Technologies Inc0.22%
Ciena Corp0.22%
Everpure Inc-A0.22%

Only in PSCT

2 securities, 0.7% of PSCT by weight

Ichor Holdings Ltd0.70%
Invesco Government & Agency Portfolio0.01%

Weight gaps

All 70 Holdings in both funds, largest gap first.

Holding weights in FTEC and PSCT, widest gap first
Holding	More in FTECMore in PSCT	FTEC	PSCT
Viasat IncVSAT	PSCT +4.68 points	0.08%	4.76%
Ralliant CorpRAL	PSCT +3.39 points	0.07%	3.46%
Epam Systems IncEPAM	PSCT +3.00 points	0.08%	3.08%
Ringcentral Inc Class ARNG	PSCT +2.65 points	0.08%	2.73%
Maxlinear IncMXL	PSCT +2.62 points	0.06%	2.68%
Box Inc Class ABOX	PSCT +2.58 points	0.08%	2.66%
Plexus CorpPLXS	PSCT +2.49 points	0.06%	2.55%
Tenable Holdings IncTENB	PSCT +2.45 points	0.08%	2.53%
Aci Worldwide IncACIW	PSCT +2.42 points	0.07%	2.49%
Impinj IncPI	PSCT +2.28 points	0.07%	2.35%
Insight Enterprises IncNSIT	PSCT +2.25 points	0.07%	2.32%
Mirion Technologies Inc-AMIR	PSCT +1.95 points	0.06%	2.01%
Clear Secure IncYOU	PSCT +1.91 points	0.05%	1.96%
Badger Meter IncBMI	PSCT +1.86 points	0.06%	1.92%
Workiva IncWK	PSCT +1.80 points	0.06%	1.86%
Kulicke & Soffa Industries IncKLIC	PSCT +1.80 points	0.05%	1.85%
Vishay Intertechnology IncVSH	PSCT +1.79 points	0.05%	1.84%
Itron IncITRI	PSCT +1.78 points	0.06%	1.84%
Q2 Holdings IncQTWO	PSCT +1.74 points	0.06%	1.80%
Diodes IncDIOD	PSCT +1.74 points	0.05%	1.79%
Axt IncAXTI	PSCT +1.73 points	<0.01%	1.73%
LIFE360 IncLIF	PSCT +1.60 points	0.04%	1.64%
Axcelis Technologies IncACLS	PSCT +1.48 points	0.05%	1.53%
Enphase Energy IncENPH	PSCT +1.47 points	0.04%	1.51%
Freshworks Inc Class AFRSH	PSCT +1.43 points	0.04%	1.47%
Alarm.com Holdings IncALRM	PSCT +1.40 points	0.05%	1.45%
Teradata CorpTDC	PSCT +1.39 points	0.04%	1.43%
Osi Systems IncOSIS	PSCT +1.38 points	0.05%	1.43%
Extreme Networks IncEXTR	PSCT +1.32 points	0.05%	1.37%
Sps Commerce IncSPSC	PSCT +1.32 points	0.05%	1.37%
Penguin Solutions IncPENG	PSCT +1.29 points	0.04%	1.33%
Knowles CorpKN	PSCT +1.28 points	0.04%	1.32%
Agilysys IncAGYS	PSCT +1.27 points	0.04%	1.31%
Digi International IncDGII	PSCT +1.27 points	0.04%	1.31%
Acm Research Inc-Class AACMR	PSCT +1.24 points	0.04%	1.28%
FIVE9 IncFIVN	PSCT +1.20 points	0.04%	1.24%
Mara Holdings IncMARA	PSCT +1.19 points	0.04%	1.23%
Power Integrations IncPOWI	PSCT +1.17 points	0.04%	1.21%
Netscout Systems IncNTCT	PSCT +1.16 points	0.04%	1.20%
Veeco InstrumentVECO	PSCT +1.12 points	0.04%	1.16%
Benchmark Electronics IncBHE	PSCT +1.11 points	0.04%	1.15%
Cohu IncCOHU	PSCT +1.08 points	0.04%	1.12%
Adeia IncADEA	PSCT +1.06 points	0.04%	1.10%
Ultra Clean Holdings IncUCTT	PSCT +1.06 points	0.04%	1.10%
Eplus IncPLUS	PSCT +1.05 points	0.04%	1.09%
Dxc Technology CoDXC	PSCT +1.04 points	0.04%	1.08%
Rogers CorpROG	PSCT +1.01 points	0.03%	1.04%
Liveramp Holdings IncRAMP	PSCT +1.00 points	0.03%	1.03%
Calix Networks IncCALX	PSCT +0.94 points	0.03%	0.97%
Cleanspark IncCLSK	PSCT +0.90 points	0.03%	0.93%
Diebold Nixdorf IncDBD	PSCT +0.88 points	0.01%	0.89%
Solaredge Technologies IncSEDG	PSCT +0.80 points	0.03%	0.83%
A10 Networks IncATEN	PSCT +0.80 points	0.03%	0.83%
Progress Software CorpPRGS	PSCT +0.79 points	0.03%	0.82%
C T’s CorpCTS	PSCT +0.77 points	0.03%	0.80%
Blackbaud IncBLKB	PSCT +0.76 points	0.03%	0.79%
Pdf Solutions IncPDFS	PSCT +0.74 points	0.02%	0.76%
Photronic IncPLAB	PSCT +0.74 points	0.02%	0.76%
Blackline IncBL	PSCT +0.69 points	0.02%	0.71%
Arlo Technologies IncARLO	PSCT +0.68 points	0.02%	0.70%
Everforth IncEFOR	PSCT +0.65 points	0.02%	0.67%
Napco Security Technologies InNSSC	PSCT +0.61 points	0.02%	0.63%
Adi Global Distribution Inc WiADIG	PSCT +0.55 points	<0.01%	0.55%
Scansource IncSCSC	PSCT +0.51 points	0.02%	0.53%
Harmonic IncHLIT	PSCT +0.50 points	0.02%	0.52%
Ncr Voyix CorpNCR	PSCT +0.48 points	0.02%	0.50%
Pc Connection IncCNXN	PSCT +0.41 points	0.01%	0.42%
Sprinklr IncCXM	PSCT +0.35 points	0.01%	0.36%
Corsair Gaming IncCRSR	PSCT +0.28 points	<0.01%	0.29%
Alpha & Omega Semicndtr LtdAOSL	PSCT +0.26 points	<0.01%	0.27%

All 294 FTEC holdings⁠All 72 PSCT 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 PSCT Cost

Overpaying PSCT vs FTEC

$4,179

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

FTEC 0.084%
$1,773
PSCT 0.29%
$5,952

Amount$10,000

Years30 years

Cost over time

FTEC 0.084%
PSCT 0.29%
Overpaying

Year by year

Year	FTEC	PSCT	Overpaying
10	$154	$527	$373
20	$603	$2,044	$1,441
30	$1,773	$5,952	$4,179

Expense ratio

0.08%FTEC, cheaper
0.29%PSCT

FTEC0.08%PSCT0.29%

0.08%1.00%

Middle half of Technology (Broad) funds
Median 0.45%

FTEC 2nd cheapest of 23 funds

PSCT 4th cheapest of 23 funds

FTEC vs PSCT Dividends

Last 12 months to Oct 30, 2026

Yield (12M): FTEC 0.40%, better; PSCT 0.00%
Payout (12M): FTEC $1.11; PSCT $0.0035
Last payment: FTEC $0.33; PSCT $0.0035
Ex-dividend: FTEC Sep 18, 2026; PSCT Sep 21, 2026
Paid on: FTEC Sep 22, 2026; PSCT Sep 25, 2026
Frequency: FTEC Quarterly; PSCT Annual

Distribution history

Per share, 2017 to 2026, same scale for both

FTECQuarterly · 39 paymentsAll FTEC payments⁠

PSCTAnnual · 22 paymentsAll PSCT payments⁠

FTEC vs PSCT Risk

Fall from peak · 5 years

FTEC
PSCT

Risk facts

VolatilityStd dev, 3 years: FTEC 22.3%, betterPSCT 26.4%
Return per unit of riskSharpe ratio, 3 years: FTEC 1.19, betterPSCT 0.83
Worst fallMax drawdown, 5 years: FTEC −35.0%PSCT −34.8%, better
Market sensitivityBeta, 5 years: FTEC 1.35PSCT 1.65; Market = 1

FTEC and PSCT 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

Popular comparisons

FTECAvsXLKA
Fidelity MSCI Information Technology Index ETF · State Street Technology Select Sector SPDR ETF
Expense ratio
0.08% · 0.08%
Category
PSCTBvsXLKA
Invesco S&P SmallCap Information Technology ETF · State Street Technology Select Sector SPDR ETF
Expense ratio
0.29% · 0.08%
Category
FTECAvsVGTA
Fidelity MSCI Information Technology Index ETF · Vanguard Information Technology ETF
Expense ratio
0.08% · 0.09%
Category
PSCTBvsVGTA
Invesco S&P SmallCap Information Technology ETF · Vanguard Information Technology ETF
Expense ratio
0.29% · 0.09%
Category
FTECAvsRSPTB
Fidelity MSCI Information Technology Index ETF · Invesco S&P 500 Equal Weight Technology ETF
Expense ratio
0.08% · 0.40%
Category
PSCTBvsRSPTB
Invesco S&P SmallCap Information Technology ETF · Invesco S&P 500 Equal Weight Technology ETF
Expense ratio
0.29% · 0.40%
Category