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FTEC vs PTF

Fidelity MSCI Information Technology Index ETF

FTECANYSE Arca

Invesco Dorsey Wright Technology Momentum ETF

PTFCNasdaq

Overlap

19.8%by weight

Expense ratio

FTEC −0.52pt a year

FTEC0.08%PTF0.60%

Avg volume · 30D

FTEC 2.3×the volume

FTEC275KPTF119K

10Y return · a year

FTEC +1.2pt

FTEC+23.7%PTF+22.5%

FTEC vs PTF Performance

Oct 29, 2021 – Oct 30, 2026

+124.8%FTEC+76.8%PTF

Oct 29, 2021 to Oct 30, 2026. FTEC +124.8%. PTF +76.8%. Use the arrow keys to read each point.0%50%100%150%Oct 2021Apr 2024Oct 2026
Expense ratio
FTEC 0.08%, better
PTF 0.60%
Fund size
FTEC $22.2B
PTF $555M
1Y total return
FTEC +18.5%
PTF +21.1%, better
Yield (12M)
FTEC 0.40%, better
PTF 0.00%
Holdings
FTEC 291
PTF 38
Avg volume (30D)
FTEC 275K sh, better
PTF 119K sh
NAV per share
FTEC $279.07
PTF $99.67
52W range

ETF.net Grade

FTEC: Cost 98, Risk 60, Mission not scored, Tradability 88, Holdings 38, Durability 73. PTF: Cost 31, Risk 17, Mission not scored, Tradability 58, Holdings 72, Durability 55.
Pillar letters and Scores for FTEC, PTF, with each pillar’s weight
PillarFTECPTF
Cost30% weightA98HigherD31
Mission25% weightNot scoredNot scored
Risk15% weightB60HigherF17
Tradability15% weightA88HigherB58
Holdings10% weightD38A72Higher
Durability5% weightA73HigherB55

Rank among Technology (Broad) funds

How we build Categories ›
Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

Same Category. FTEC and PTF 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 PTF 16th of 23 funds in the Technology (Broad) Category.

  1. Rank 1AXLKState Street Technology Select Sector SPDR ETFScore 82
  2. Rank 2AFTECFidelity MSCI Information Technology Index ETFScore 78
  3. Rank 3AVGTVanguard Information Technology ETFScore 71
  4. Rank 15CFXLFirst Trust Technology AlphaDEX FundScore 51
  5. Rank 16CPTFInvesco Dorsey Wright Technology Momentum ETFScore 40
  6. Rank 17DSPTESP Funds S&P Global Technology ETFScore 39

Our read on each fund

ETF.net Research

FTECAFidelity MSCI Information Technology Index ETF

PTFCInvesco Dorsey Wright Technology Momentum 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.

PTF Launched in 2006, PTF skips the mega-cap pecking order and ranks tech stocks on relative strength instead, holding the leaders and reshuffling quarterly. Fee: 0.60%, net of a waiver through August 31, 2028.

Stated mandate

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

PTF The fund normally invests at least 90% of its assets in securities comprising its technology-focused momentum index.

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.
  • PTF The index ranks technology stocks by relative strength and holds a minimum of 30 of the strongest, so the lineup follows what is actually leading rather than what is largest.nasdaqomx.com
  • Reconstituted and rebalanced every quarter (January, April, July, October), so fading names get cut on a schedule instead of lingering in the portfolio.nasdaqomx.com
  • Trading since 2006, which gives this momentum screen a long public record across several tech cycles rather than a backtest.
  • A plain, fully disclosed basket of roughly 40 US tech stocks, with at least 90% of assets in index names. No derivatives, no leverage, no black box on the holdings side.

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.
  • PTF At 0.60% (0.69% gross, net of a waiver through August 31, 2028) it costs more than the typical broad tech fund; XLK charges 0.08% and VGT 0.09%.
  • Roughly 40 momentum-picked names is a far narrower book than a cap-weighted tech index, and quarterly reshuffles mean the holdings can change meaningfully when leadership rotates.nasdaqomx.com
  • Momentum, not income: the screen selects on price strength, and the fund has gone without paying a distribution.

Full FTEC profile⁠

Full PTF profile⁠

FTEC vs PTF Holdings

How FTEC and PTF differ

Overlap by weight

19.8%

Shared holdings make up 91.9% of PTF and 28.6% of FTEC.

Level by level

  • Holdings31 in both19.8%
  • Sector5 Sectors94.0%
  • Countryby domicile99.5%
  • Asset classEquity100%

Sector

Sector weights in FTEC and PTF, widest gap first
SectorMore in FTECMore in PTF
TechnologyFTEC +5.7 points
FinancialsPTF +4.1 points
CommunicationPTF +1.9 points
IndustrialsFTEC +0.3 points
Consumer DiscretionaryFTEC +0.1 points

Country, concentration and asset class

Country by domicile

Country weights in FTEC and PTF, widest gap first
CountryMore in FTECMore in PTF
United StatesPTF +0.5 points
Other countries (5)FTEC +0.5 points

Concentration

Weight in the 10 largest Holdings

  • FTEC63.9%
  • PTF36.0%

Securities held

  • FTEC291
  • PTF36

Asset class

FTEC
Equity
PTF
Equity

Holdings

  • Only in FTEC260
  • In both31
  • Only in PTF5

Only in FTEC

260 securities, 72.2% of FTEC by weight

  • Apple Inc17.17%
  • NVIDIA Corp16.93%
  • Broadcom Inc4.16%

Only in PTF

5 securities, 8.1% of PTF by weight

  • NIQ Global Intelligence Plc2.30%
  • Bandwidth Inc2.18%
  • Ziff Davis Inc1.85%

Weight gaps

All 31 Holdings in both funds, largest gap first.

Holding weights in FTEC and PTF, widest gap first
HoldingMore in FTECMore in PTF
Microsoft CorpMSFTFTEC +8.77 points
Gitlab Inc Class AGTLBPTF +3.74 points
Freshworks Inc Class AFRSHPTF +3.34 points
Zeta Global Holdings CorpZETAPTF +3.23 points
Sentinelone IncSPTF +3.22 points
Twilio Inc Class ATWLOPTF +3.08 points
Sandisk CorporationSNDKPTF +2.92 points
Snowflake IncSNOWPTF +2.88 points

All 294 FTEC holdings⁠All 36 PTF 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 PTF Cost

Overpaying PTF vs FTEC

$10,044

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

  • FTEC 0.084%

    $1,773

  • PTF 0.60%

    $11,817

$10,000
30 years

Cost over time

  • FTEC 0.084%
  • PTF 0.60%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$2.5K$5K$7.5K$10K$12.5K051015202530PTF $11,817FTEC $1,773

Year by year

YearFTECPTFOverpaying
10$154$1,076$922
20$603$4,116$3,513
30$1,773$11,817$10,044

Expense ratio

  • 0.08%FTEC, cheaper
  • 0.60%PTF
  • Middle half of Technology (Broad) funds
  • Median 0.45%

FTEC 2nd cheapest of 23 funds

PTF 16th cheapest of 23 funds

FTEC vs PTF Dividends

Last 12 months to Oct 30, 2026
Yield (12M)
FTEC 0.40%, better
PTF 0.00%
Payout (12M)
FTEC $1.11
PTF None
Last payment
FTEC $0.33
PTF No data
Ex-dividend
FTEC Sep 18, 2026
PTF No data
Paid on
FTEC Sep 22, 2026
PTF No data
Frequency
FTEC Quarterly
PTF No data

Distribution history

Per share, 2017 to 2026, same scale for both

FTECQuarterly · 39 paymentsAll FTEC payments⁠
One bar per payment. 39 payments from 2017 to 2026 YTD. Mar 17, 2017 $0.10; Jun 16, 2017 $0.12; Sep 15, 2017 $0.12; Dec 15, 2017 $0.13; Mar 16, 2018 $0.12; Jun 15, 2018 $0.14; Sep 21, 2018 $0.14; Dec 21, 2018 $0.19; Mar 15, 2019 $0.18; Jun 21, 2019 $0.19; Sep 20, 2019 $0.19; Dec 20, 2019 $0.19; Mar 20, 2020 $0.28; Jun 19, 2020 $0.20; Sep 18, 2020 $0.19; Dec 18, 2020 $0.20; Mar 19, 2021 $0.20; Jun 18, 2021 $0.20; Sep 17, 2021 $0.20; Dec 17, 2021 $0.26; Mar 18, 2022 $0.21; Jun 17, 2022 $0.22; Sep 16, 2022 $0.22; Dec 16, 2022 $0.23; Mar 17, 2023 $0.23; Jun 16, 2023 $0.22; Sep 15, 2023 $0.22; Dec 15, 2023 $0.43; Mar 15, 2024 $0.24; Jun 21, 2024 $0.23; Sep 20, 2024 $0.23; Dec 20, 2024 $0.21; Mar 21, 2025 $0.23; Jun 20, 2025 $0.23; Sep 19, 2025 $0.23; Dec 19, 2025 $0.27; Mar 20, 2026 $0.22; Jun 18, 2026 $0.29; Sep 18, 2026 $0.33. Use the arrow keys to read each point.$0$0.502017202020232026YTD
PTF8 paymentsAll PTF payments⁠
One bar per payment. 8 payments from 2017 to 2026 YTD. Sep 18, 2017 $0.0071; Jun 18, 2018 $0.01; Sep 24, 2018 $0.00097; Mar 18, 2019 $0.0000033; Jun 20, 2023 $0.02; Sep 18, 2023 $0.02; Mar 24, 2025 $0.15; Sep 22, 2025 $0.0083. Use the arrow keys to read each point.$0$0.502017202020232026YTD

FTEC vs PTF Risk

Fall from peak · 5 years

  • FTEC
  • PTF
Oct 29, 2021 to Oct 30, 2026. Worst fall: PTF −44.9% · Oct 2022. Use the arrow keys to read each point.−40%−30%−20%−10%0%Oct 2021Apr 2024Oct 2026

Risk facts

VolatilityStd dev, 3 years
FTEC 22.3%, betterPTF 34.9%
Return per unit of riskSharpe ratio, 3 years
FTEC 1.19, betterPTF 0.90
Worst fallMax drawdown, 5 years
FTEC −35.0%, betterPTF −44.9%
Market sensitivityBeta, 5 years
FTEC 1.35PTF 1.99

FTEC and PTF in the news

All news⁠

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