FTEC vs TEK: Grades, Fees and Holdings Compared

Fidelity MSCI Information Technology Index ETF

FTECANYSE Arca

iShares Technology Opportunities Active ETF

TEKFNYSE Arca

Overlap

47.7%by weight

Expense ratio

FTEC −0.67pt a year

FTEC0.08%TEK0.75%

Avg volume · 30D

FTEC 62.1×the volume

FTEC275KTEK4.42K

FTEC vs TEK Performance

Oct 31, 2025 – Nov 2, 2026

+15.4%FTEC+5.3%TEK

Expense ratio: FTEC 0.08%, better; TEK 0.75%
Fund size: FTEC $22.2B; TEK $39M
1Y total return: FTEC +15.4%, better; TEK +5.3%
Yield (12M): FTEC 0.41%; TEK 1.39%, better
Holdings: FTEC 290; TEK 59
Avg volume (30D): FTEC 275K sh, better; TEK 4.42K sh
NAV per share: FTEC $279.07; TEK $35.19
52W range

ETF.net Grade

Pillar letters and Scores for FTEC, TEK, with each pillar’s weight
Pillar	FTEC	TEK
Cost30% weight	A98Higher	F13
Mission25% weight	Not scored	C54
Risk15% weight	B60Higher	F19
Tradability15% weight	A88Higher	F12
Holdings10% weight	D38	B59Higher
Durability5% weight	A73Higher	D28

Rank among Technology (Broad) funds

How we build Categories ›

Same Category. FTEC and TEK 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 TEK 22nd 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 21FSEMIColumbia Select Technology ETFScore 23
Rank 22FTEKiShares Technology Opportunities Active ETFScore 20
Rank 23FGGTLGabelli Global Technology Leaders ETFScore 17

Our read on each fund

ETF.net Research

FTECAFidelity MSCI Information Technology Index ETF

TEKFiShares Technology Opportunities Active 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.

TEK The stock-picker's option in a category ruled by cheap index trackers: roughly 50 global tech names, developed and emerging markets, at 0.75% net (0.77% gross) under a waiver running through June 30, 2028.

Stated mandate

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

TEK The fund seeks long-term capital appreciation through an actively managed portfolio of global technology companies, including established leaders and emerging disruptors.

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.

TEK Global by design: the prospectus allows US and non-US tech companies of any size, across developed and emerging markets, not only the US large caps that fill index trackers.sec.gov
Roughly 50 stocks, so each pick carries weight, and BlackRock's own fundamental technology team does the choosing rather than an index committee.sec.gov
Its definition of tech is wide: software, semiconductors, IT services, hardware, networking and interactive media all sit inside the mandate.sec.gov

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.

TEK Active management costs: 0.75% net (0.77% gross, waived through June 30, 2028) runs above the category median, against 0.08% for XLK and 0.09% for VGT.
A small, thinly traded fund next to the category's index heavyweights, so spreads can be wider and larger orders need more care.
Launched in 2024, so the live record is short, and distributions arrive once or twice a year rather than quarterly.

Full FTEC profile⁠

Full TEK profile⁠

FTEC vs TEK Holdings

How FTEC and TEK differ

Overlap by weight

47.7%

Shared holdings make up 74.1% of FTEC and 66.3% of TEK.

Level by level

Holdings30 in both47.7%
Countryby domicile80.0%
Sector6 Sectors88.5%
Asset classEquity100%

Sector

Sector weights in FTEC and TEK, widest gap first
Sector	More in FTECMore in TEK	FTEC	TEK
Technology	FTEC +11.2 points	99.4%	88.2%
Communication	TEK +6.4 points	0.0%	6.4%
Consumer Discretionary	TEK +3.6 points	0.1%	3.7%
Materials	TEK +0.7 points	0.0%	0.7%
Financials	TEK +0.7 points	0.3%	1.0%
Industrials	FTEC +0.3 points	0.3%	0.0%

Country, concentration and asset class

Country by domicile

Country weights in FTEC and TEK, widest gap first
Country	More in FTECMore in TEK	FTEC	TEK
United States	FTEC +19.5 points	99.5%	80.0%
Taiwan	TEK +12.1 points	0.0%	12.1%
South Korea	TEK +6.7 points	0.0%	6.7%
Japan	TEK +1.1 points	0.0%	1.1%
Other countries (4)	FTEC +0.5 points	0.5%	0.0%

Concentration

Weight in the 10 largest Holdings

FTEC64.1%
TEK54.9%

Securities held

FTEC290
TEK53

Asset class

FTEC: Equity
TEK: Equity

Holdings

Only in FTEC260
In both30
Only in TEK23

Only in FTEC

260 securities, 26.7% of FTEC by weight

Texas Instruments Inc1.13%
Intl Bus Mach Corp0.98%
Kla Corp0.86%
Analog Devices Inc0.86%
Amphenol Corporation Class A0.82%
Securities Lending Cf0.79%
Salesforce Inc0.78%
Qualcomm Inc0.74%
Accenture PLC Class A0.67%
Seagate Techn Holdings PLC0.59%
Adobe Inc0.44%
Corning Inc0.42%
Cadence Design Systems Inc0.40%
Intuit Inc0.39%
Cloudflare Inc0.39%
Synopsys Inc0.38%
Fortinet Inc0.38%
Motorola Solutions Inc0.37%
Hewlett Packard Enterprise Co0.34%
Nxp Semiconductors NV0.30%
Te Connectivity PLC0.29%
Monolithic Power Sys Inc0.27%
Autodesk Inc0.25%
Keysight Technologies Inc0.25%
Roper Technologies Inc0.24%
Ciena Corp0.21%
Everpure Inc-A0.21%
Microchip Technology0.21%
Workday Inc Class A0.20%
Netapp Inc0.20%
Astera Labs Inc0.18%
Skyworks Solutions Inc0.18%
Atlassian Corp PLC Cls A0.17%
Cognizant Tech Solutions Class A0.17%
Teledyne Technologies Inc0.17%
Twilio Inc Class A0.16%
Jabil Inc0.15%
Strategy Inc Class A0.15%
Verisign Inc0.15%
Hp Inc0.15%
Ptc Inc0.15%
On Semiconductor Corp0.15%
Mongodb Inc Class A0.15%
Zscaler Inc0.15%
Entegris Inc0.14%
Rubrik Inc0.13%
State Street 60 Day Money Mark0.13%
Zoom Communications Inc Class A0.13%
Credo Technology Group Hol Ltd0.13%
Cdw Corporation0.13%

Only in TEK

23 securities, 29.6% of TEK by weight

Taiwan Semiconductor Manufacturing5.10%
Samsung Electronics Ltd4.32%
Space Exploration Technologies Cor2.98%
Amazon.com Inc2.64%
Sk Hynix2.07%
Ase Technology Holding1.76%
Elite Material1.45%
Tesla Inc1.16%
Alphabet Class A1.05%
Gold Circuit Electronics1.03%
Chroma Ate0.95%
Resonac Holdings0.75%
Meta Platforms Class A0.69%
Unimicron Technology0.69%
Visa Class A0.66%
Delta Electronics0.62%
Cboe Global Markets0.52%
Advantest0.39%
Nebius NV Class A0.37%
Tempus Ai Class A0.25%
Cerebras Systems Inc Class A0.19%
Paypay Adr Corp<0.01%
Jpy/Usd0.00%

Weight gaps

All 30 Holdings in both funds, largest gap first.

Holding weights in FTEC and TEK, widest gap first
Holding	More in FTECMore in TEK	FTEC	TEK
Apple IncAAPL	FTEC +11.64 points	17.73%	6.09%
NVIDIA CorpNVDA	FTEC +6.55 points	16.95%	10.40%
Microsoft CorpMSFT	FTEC +4.19 points	12.22%	8.03%
Lam Research CorpLRCX	TEK +2.31 points	1.22%	3.53%
Snowflake IncSNOW	TEK +2.11 points	0.44%	2.55%
Broadcom IncAVGO	TEK +1.83 points	4.11%	5.94%
Crowdstrike Holdings IncCRWD	TEK +1.72 points	1.04%	2.76%
Lumentum Holdings IncLITE	TEK +1.53 points	0.28%	1.81%
Micron Technology IncMU	FTEC +1.45 points	3.99%	2.54%
Advanced Micro Devices IncAMD	TEK +1.45 points	3.28%	4.73%
Palo Alto Networks IncPANW	TEK +1.22 points	1.23%	2.45%
Palantir Technologies IncPLTR	FTEC +0.98 points	1.64%	0.66%
Flex LtdFLEX	TEK +0.88 points	0.16%	1.04%
Western Digital CorpWDC	TEK +0.76 points	0.54%	1.30%
Arista Networks IncANET	TEK +0.72 points	0.76%	1.48%
Intel CorpINTC	TEK +0.66 points	1.17%	1.83%
Okta Inc Class AOKTA	TEK +0.60 points	0.20%	0.80%
Cisco Systems IncCSCO	FTEC +0.54 points	1.68%	1.14%
Applied Materials IncAMAT	FTEC +0.50 points	1.26%	0.76%
Oracle CorpORCL	FTEC +0.48 points	0.88%	0.40%
Teradyne IncTER	TEK +0.48 points	0.20%	0.68%
Coherent CorpCOHR	TEK +0.47 points	0.16%	0.63%
Amkor Technology IncAMKR	TEK +0.41 points	0.05%	0.46%
Sandisk CorporationSNDK	TEK +0.39 points	0.70%	1.09%
Elastic NVESTC	TEK +0.37 points	0.08%	0.45%
Digitalocean Holdings IncDOCN	TEK +0.33 points	0.07%	0.40%
Datadog Inc Class ADDOG	TEK +0.27 points	0.33%	0.60%
Marvell Technology IncMRVL	TEK +0.07 points	0.70%	0.77%
Dell Technologies Inc Class CDELL	TEK +0.03 points	0.55%	0.58%
Servicenow IncNOW	FTEC +0.03 points	0.45%	0.42%

All 294 FTEC holdings⁠All 51 TEK 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 TEK Cost

Overpaying TEK vs FTEC

$12,709

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

FTEC 0.084%
$1,773
TEK 0.75%
$14,482

Amount$10,000

Years30 years

Cost over time

FTEC 0.084%
TEK 0.75%
Overpaying

Year by year

Year	FTEC	TEK	Overpaying
10	$154	$1,336	$1,182
20	$603	$5,078	$4,475
30	$1,773	$14,482	$12,709

Expense ratio

0.08%FTEC, cheaper
0.75%TEK

FTEC0.08%TEK0.75%

0.08%1.00%

Middle half of Technology (Broad) funds
Median 0.45%

FTEC 2nd cheapest of 23 funds

TEK 19th cheapest of 23 funds

FTEC vs TEK Dividends

Last 12 months to Nov 2, 2026

Yield (12M): FTEC 0.41%; TEK 1.39%, better
Payout (12M): FTEC $1.11; TEK $0.48
Last payment: FTEC $0.33; TEK $0.48
Ex-dividend: FTEC Sep 18, 2026; TEK Dec 16, 2025
Paid on: FTEC Sep 22, 2026; TEK Dec 19, 2025
Frequency: FTEC Quarterly; TEK Twice a year

Distribution history

Per share, 2017 to 2026, same scale for both

FTECQuarterly · 39 paymentsAll FTEC payments⁠

TEKTwice a year · 2 paymentsAll TEK payments⁠

FTEC vs TEK Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years: FTEC 22.3%TEK 31.8%since Nov 2024
Return per unit of riskSharpe ratio, 3 years: FTEC 1.19TEK 0.63since Nov 2024
Worst fallMax drawdown, 5 years: FTEC −35.0%TEK −28.2%since Oct 2024
Market sensitivityBeta, 5 years: FTEC 1.35TEK 1.98; Market = 1

FTEC and TEK 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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FTEC vs TEK

In short

Stated mandate

Why people hold it

Worth knowing

How FTEC and TEK differ

Level by level

Sector

Country, concentration and asset class

Country by domicile

Concentration

Asset class

Holdings

Only in FTEC

Only in TEK

Weight gaps

Cost over time

Year by year

Distribution history

Fall from peak · 5 years

Risk facts

Equal-weight technology beat the biggest tech funds this year

An equal-weight technology ETF beat the cap-weighted fund by 9.3 percentage points

How FTEC and TEK differ

Level by level

Sector

Country, concentration and asset class

Country by domicile

Concentration

Asset class

Holdings

Only in FTEC

Only in TEK

Weight gaps