FTEC vs TDIV: Grades, Fees and Holdings Compared

Fidelity MSCI Information Technology Index ETF

FTECANYSE Arca

First Trust NASDAQ Technology Dividend Index Fund

TDIVBNasdaq

Overlap

24.8%by weight

Expense ratio

FTEC −0.42pt a year

FTEC0.08%TDIV0.50%

Avg volume · 30D

FTEC 1.7×the volume

FTEC275KTDIV163K

10Y return · a year

FTEC +6.5pt

FTEC+23.7%TDIV+17.2%

FTEC vs TDIV Performance

Oct 29, 2021 – Oct 30, 2026

+124.8%FTEC+116.5%TDIV

Expense ratio: FTEC 0.08%, better; TDIV 0.50%
Fund size: FTEC $22.2B; TDIV $4.35B
1Y total return: FTEC +18.5%, better; TDIV +14.8%
Yield (12M): FTEC 0.40%; TDIV 1.39%, better
Holdings: FTEC 291; TDIV 88
Avg volume (30D): FTEC 275K sh, better; TDIV 163K sh
NAV per share: FTEC $279.07; TDIV $114.06
52W range

ETF.net Grade

Pillar letters and Scores for FTEC, TDIV, with each pillar’s weight
Pillar	FTEC	TDIV
Cost30% weight	A98Higher	C46
Mission25% weight	Not scored	A88
Risk15% weight	B60	A80Higher
Tradability15% weight	A88Higher	B68
Holdings10% weight	D38	C54Higher
Durability5% weight	A73Higher	B62

Rank among Technology (Broad) funds

How we build Categories ›

Same Category. FTEC and TDIV 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 TDIV 10th 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 9BXSWState Street SPDR S&P Software & Services ETFScore 60
Rank 10BTDIVFirst Trust NASDAQ Technology Dividend Index FundScore 59
Rank 11BIXNiShares Global Tech ETFScore 58

Our read on each fund

ETF.net Research

FTECAFidelity MSCI Information Technology Index ETF

TDIVBFirst Trust NASDAQ Technology Dividend Index Fund

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.

TDIV In 2012, "tech dividend" still sounded like a contradiction. TDIV was built around it: roughly 90 technology and telecom payers, weighted by the dollars of dividends they actually hand out rather than by market cap.

Stated mandate

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

TDIV The Fund seeks to track, before fees and expenses, the price and yield performance of the Nasdaq Technology Dividend Index. It normally invests at least 90% of assets in securities comprising that 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.

TDIV Weighting runs on the dollar amount of dividends paid, not market cap or yield, so the largest positions are the sector's largest payers.nasdaqomx.com ftportfolios.com
Trading since 2012, one of the first funds to treat tech as an income sleeve, and now a multi-billion-dollar fund that distributes quarterly.
The index sets 80% technology and 20% telecom at each rebalance, with caps designed to stop the biggest names from swamping the other 90-odd holdings.ftportfolios.com sec.gov
Volume is respectable for a niche strategy, so buying and selling shares is rarely the friction point.

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.

TDIV 0.50% a year sits above the typical index tracker in its group, where plain broad-market funds such as SCHK and SPYV charge a few basis points.
One sector, about 90 names. Concentration is the design, and a handful of very large payers carry real weight in the outcome.sec.gov
The dividend screen is the whole filter: tech companies that pay nothing never enter the index, and First Trust notes no holding is obliged to keep declaring dividends.sec.gov ftportfolios.com

Full FTEC profile⁠

Full TDIV profile⁠

FTEC vs TDIV Holdings

How FTEC and TDIV differ

Overlap by weight

24.8%

Shared holdings make up 70.1% of TDIV and 28.4% of FTEC.

Level by level

Holdings41 in both24.8%
Countryby domicile83.6%
Sector5 Sectors84.3%
Asset classEquity100%

Sector

Sector weights in FTEC and TDIV, widest gap first
Sector	More in FTECMore in TDIV	FTEC	TDIV
Technology	FTEC +15.4 points	99.4%	84.0%
Communication	TDIV +13.2 points	0.0%	13.2%
Industrials	TDIV +2.5 points	0.3%	2.8%
Financials	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 TDIV, widest gap first
Country	More in FTECMore in TDIV	FTEC	TDIV
United States	FTEC +16.4 points	99.5%	83.1%
Canada	TDIV +6.1 points	0.0%	6.1%
Taiwan	TDIV +4.2 points	0.0%	4.2%
China	TDIV +1.6 points	0.3%	1.9%
Netherlands	TDIV +1.3 points	0.0%	1.3%
Other countries (14)	TDIV +3.2 points	0.2%	3.4%

Concentration

Weight in the 10 largest Holdings

FTEC63.9%
TDIV57.0%

Securities held

FTEC291
TDIV87

Asset class

FTEC: Equity
TDIV: Equity

Holdings

Only in FTEC250
In both41
Only in TDIV46

Only in FTEC

250 securities, 72.4% of FTEC by weight

Apple Inc17.17%
NVIDIA Corp16.93%
Micron Technology Inc4.03%
Advanced Micro Devices Inc3.52%
Palantir Technologies Inc1.68%
Intel Corp1.57%
Applied Materials Inc1.31%
Lam Research Corp1.24%
Palo Alto Networks Inc1.22%
Crowdstrike Holdings Inc1.04%
Kla Corp0.87%
Securities Lending Cf0.85%
Arista Networks Inc0.79%
Sandisk Corporation0.77%
Marvell Technology Inc0.75%
Seagate Techn Holdings PLC0.62%
Accenture PLC Class A0.62%
Western Digital Corp0.55%
Snowflake Inc0.46%
Servicenow Inc0.45%
Cloudflare Inc0.42%
Adobe Inc0.41%
Cadence Design Systems Inc0.40%
Synopsys Inc0.38%
Fortinet Inc0.37%
Datadog Inc Class A0.36%
Nxp Semiconductors NV0.30%
Lumentum Holdings Inc0.30%
Keysight Technologies Inc0.26%
Monolithic Power Sys Inc0.25%
Autodesk Inc0.23%
Ciena Corp0.22%
Everpure Inc-A0.22%
Teradyne Inc0.21%
Okta Inc Class A0.21%
Astera Labs Inc0.19%
Workday Inc Class A0.19%
Twilio Inc Class A0.18%
Coherent Corp0.18%
Atlassian Corp PLC Cls A0.17%
Skyworks Solutions Inc0.17%
Flex Ltd0.16%
Teledyne Technologies Inc0.16%
Strategy Inc Class A0.16%
Jabil Inc0.15%
Mongodb Inc Class A0.15%
On Semiconductor Corp0.15%
Zscaler Inc0.14%
Entegris Inc0.14%
Ptc Inc0.14%

Only in TDIV

46 securities, 29.6% of TDIV by weight

Taiwan Semiconductor Manufacturing Company Limited (ADR)3.94%
Thomson Reuters Corporation2.88%
Vistance Networks Inc.2.09%
TELUS Corporation1.85%
Verizon Communications Inc.1.80%
NXP Semiconductors N.V.1.80%
Comcast Corporation (Class A)1.76%
T-Mobile US, Inc.1.75%
AT&T Inc.1.67%
ASML Holding N.V. (New York Registry Shares)1.20%
Rogers Communications Inc. (Class B)1.08%
Millicom International Cellular S.A.0.84%
Open Text Corporation0.43%
JOYY Inc. (ADR)0.40%
Infosys Limited (ADR)0.38%
SS&C Technologies Holdings, Inc.0.37%
Ubiquiti Inc.0.36%
Nokia Corporation (ADR)0.36%
Amdocs Limited0.35%
Logitech International S.A.0.34%
Leidos Holdings, Inc.0.33%
Sap SE (Adr)0.30%
Vodafone Group Public Limited Company (ADR)0.29%
Match Group Inc.0.28%
America Movil, S.A.B. de C.V. (ADR)0.27%
KT Corporation (ADR)0.23%
Autohome Inc. (ADR)0.23%
Telefonaktiebolaget LM Ericsson (ADR)0.20%
Tencent Music Entertainment Group (Class A) (ADR)0.20%
CGI Inc.0.14%
Concentrix Corporation0.13%
KBR, Inc.0.13%
Karooooo Ltd.0.13%
RELX Plc (ADR)0.13%
Telefonica Brasil, S.A. (ADR)0.12%
Ituran Location and Control Ltd.0.12%
Iridium Communications Inc.0.12%
Science Applications International Corporation0.11%
Paycom Software, Inc.0.11%
ASE Technology Holding Co., Ltd.0.10%
STMicroelectronics N.V.0.10%
Silicon Motion Technology Corporation (ADR)0.09%
OneSpan Inc.0.04%
Opera Limited (ADR)0.04%
NVE Corporation0.02%
Shenandoah Telecommunications Company<0.01%

Weight gaps

All 41 Holdings in both funds, largest gap first.

Holding weights in FTEC and TDIV, widest gap first
Holding	More in FTECMore in TDIV	FTEC	TDIV
Texas Instruments IncTXN	TDIV +8.17 points	1.13%	9.30%
Intl Bus Mach CorpIBM	TDIV +7.95 points	0.94%	8.89%
Oracle CorpORCL	TDIV +6.17 points	0.90%	7.07%
Microsoft CorpMSFT	FTEC +3.58 points	11.88%	8.30%
Qualcomm IncQCOM	TDIV +3.11 points	0.79%	3.90%
Broadcom IncAVGO	TDIV +2.94 points	4.16%	7.10%
Analog Devices IncADI	TDIV +2.70 points	0.85%	3.55%
Intuit IncINTU	TDIV +1.53 points	0.37%	1.90%
Hp IncHPQ	TDIV +1.41 points	0.16%	1.57%
Microchip TechnologyMCHP	TDIV +1.37 points	0.21%	1.58%
Motorola Solutions IncMSI	TDIV +1.20 points	0.35%	1.55%
Salesforce IncCRM	TDIV +1.16 points	0.75%	1.91%
Te Connectivity PLCTEL	TDIV +1.04 points	0.29%	1.33%
Amphenol Corporation Class AAPH	TDIV +0.91 points	0.81%	1.72%
Hewlett Packard Enterprise CoHPE	TDIV +0.85 points	0.34%	1.19%
Corning IncGLW	TDIV +0.80 points	0.42%	1.22%
Cognizant Tech Solutions Class ACTSH	TDIV +0.73 points	0.16%	0.89%
Dell Technologies Inc Class CDELL	TDIV +0.47 points	0.59%	1.06%
Netapp IncNTAP	TDIV +0.46 points	0.21%	0.67%
Roper Technologies IncROP	TDIV +0.37 points	0.22%	0.59%
Cdw CorporationCDW	TDIV +0.36 points	0.13%	0.49%
Gen Digital IncGEN	TDIV +0.33 points	0.10%	0.43%
Verisign IncVRSN	TDIV +0.32 points	0.14%	0.46%
Cisco Systems IncCSCO	TDIV +0.24 points	1.67%	1.91%
Ingram Micro Holding CorpINGM	TDIV +0.11 points	<0.01%	0.11%
Td Synnex CorpSNX	TDIV +0.10 points	0.11%	0.21%
Avnet IncAVT	TDIV +0.10 points	0.07%	0.17%
Universal Display CorpOLED	TDIV +0.08 points	0.05%	0.13%
Dolby Laboratories Inc Class ADLB	TDIV +0.07 points	0.06%	0.13%
Bentley Sys Inc Class BBSY	TDIV +0.07 points	0.07%	0.14%
Interdigital IncIDCC	TDIV +0.06 points	0.07%	0.13%
Amkor Technology IncAMKR	TDIV +0.06 points	0.05%	0.11%
Clear Secure IncYOU	TDIV +0.04 points	0.05%	0.09%
Vishay Intertechnology IncVSH	TDIV +0.03 points	0.05%	0.08%
Power Integrations IncPOWI	TDIV +0.02 points	0.04%	0.06%
Pc Connection IncCNXN	TDIV +0.02 points	0.01%	0.03%
Adeia IncADEA	FTEC +0.01 points	0.04%	0.03%
Kulicke & Soffa Industries IncKLIC	TDIV +0.01 points	0.05%	0.06%
Eplus IncPLUS	Same weight	0.04%	0.04%
Benchmark Electronics IncBHE	Same weight	0.04%	0.04%
A10 Networks IncATEN	Same weight	0.03%	0.03%

All 294 FTEC holdings⁠All 87 TDIV 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 TDIV Cost

Overpaying TDIV vs FTEC

$8,206

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

FTEC 0.084%
$1,773
TDIV 0.50%
$9,979

Amount$10,000

Years30 years

Cost over time

FTEC 0.084%
TDIV 0.50%
Overpaying

Year by year

Year	FTEC	TDIV	Overpaying
10	$154	$900	$746
20	$603	$3,460	$2,857
30	$1,773	$9,979	$8,206

Expense ratio

0.08%FTEC, cheaper
0.50%TDIV

FTEC0.08%TDIV0.50%

0.08%1.00%

Middle half of Technology (Broad) funds
Median 0.45%

FTEC 2nd cheapest of 23 funds

TDIV 13th cheapest of 23 funds

FTEC vs TDIV Dividends

Last 12 months to Oct 30, 2026

Yield (12M): FTEC 0.40%; TDIV 1.39%, better
Payout (12M): FTEC $1.11; TDIV $1.58
Last payment: FTEC $0.33; TDIV $0.35
Ex-dividend: FTEC Sep 18, 2026; TDIV Sep 24, 2026
Paid on: FTEC Sep 22, 2026; TDIV Sep 30, 2026
Frequency: FTEC Quarterly; TDIV Quarterly

Distribution history

Per share, 2017 to 2026, same scale for both

FTECQuarterly · 39 paymentsAll FTEC payments⁠

TDIVQuarterly · 39 paymentsAll TDIV payments⁠

FTEC vs TDIV Risk

Fall from peak · 5 years

FTEC
TDIV

Risk facts

VolatilityStd dev, 3 years: FTEC 22.3%TDIV 19.0%, better
Return per unit of riskSharpe ratio, 3 years: FTEC 1.19TDIV 1.24, better
Worst fallMax drawdown, 5 years: FTEC −35.0%TDIV −32.0%, better
Market sensitivityBeta, 5 years: FTEC 1.35TDIV 1.34; Market = 1

FTEC and TDIV 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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