FTEC vs XNTK: Grades, Fees and Holdings Compared

Fidelity MSCI Information Technology Index ETF

FTECANYSE Arca

State Street SPDR NYSE Technology ETF

XNTKBNYSE Arca

Overlap

33.5%by weight

Expense ratio

FTEC −0.27pt a year

FTEC0.08%XNTK0.35%

Avg volume · 30D

FTEC 4.8×the volume

FTEC275KXNTK56.8K

10Y return · a year

FTEC +1.0pt

FTEC+23.5%XNTK+22.5%

FTEC vs XNTK Performance

Nov 2, 2021 – Nov 2, 2026

+117.0%FTEC+96.3%XNTK

Expense ratio: FTEC 0.08%, better; XNTK 0.35%
Fund size: FTEC $22.2B; XNTK $1.9B
1Y total return: FTEC +15.4%, better; XNTK +11.1%
Yield (12M): FTEC 0.41%, better; XNTK 0.16%
Holdings: FTEC 290; XNTK 36
Avg volume (30D): FTEC 275K sh, better; XNTK 56.8K sh
NAV per share: FTEC $279.07; XNTK $355.34
52W range

ETF.net Grade

Pillar letters and Scores for FTEC, XNTK, with each pillar’s weight
Pillar	FTEC	XNTK
Cost30% weight	A98Higher	A77
Mission25% weight	Not scored	Not scored
Risk15% weight	B60Higher	D36
Tradability15% weight	A88Higher	B63
Holdings10% weight	D38	B68Higher
Durability5% weight	A73Higher	A70

Rank among Technology (Broad) funds

How we build Categories ›

Same Category. FTEC and XNTK 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 XNTK 5th 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 5BIYWiShares U.S. Technology ETFScore 64
Rank 5BXNTKState Street SPDR NYSE Technology ETFScore 64
Rank 8BPSCTInvesco S&P SmallCap Information Technology ETFScore 61

Our read on each fund

ETF.net Research

FTECAFidelity MSCI Information Technology Index ETF

XNTKBState Street SPDR NYSE 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.

XNTK A tech fund born in 2000 that ignores the cap-weighted script: about 35 names, equal-weighted at each annual rebalance, with tech-flavored consumer discretionary stocks allowed in alongside classic IT.

Stated mandate

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

XNTK The fund seeks to track, before fees and expenses, the total return of the NYSE Technology Index, which consists of 35 leading US-listed technology-related 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.

XNTK Equal-weighted at the annual rebalance, so the mega-caps start with the same slice as everyone else in the roughly 35-stock basket.ssga.com
Its index reaches past the strict tech box into tech-related consumer discretionary names, catching internet and e-commerce businesses that pure IT funds screen out.ssga.com
0.35% expense ratio, under the median fee in its broad-tech peer group, and it has been trading since 2000 as a multi-billion-dollar SPDR with quarterly distributions.

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.

XNTK About 40 holdings. One stumbling name lands harder here than in a 300-stock tech index.
Weights reset once a year, so winners drift to outsized slices between rebalances. Equal weight is a starting point, not a constant.ssga.com
The big cap-weighted rivals (VGT, XLK, FTEC) charge less and trade more heavily, which can mean tighter spreads for large orders.

Full FTEC profile⁠

Full XNTK profile⁠

FTEC vs XNTK Holdings

How FTEC and XNTK differ

Overlap by weight

33.5%

Shared holdings make up 75.2% of XNTK and 74.4% of FTEC.

Level by level

Holdings23 in both33.5%
Sector5 Sectors86.0%
Countryby domicile89.8%
Asset classEquity100%

Sector

Sector weights in FTEC and XNTK, widest gap first
Sector	More in FTECMore in XNTK	FTEC	XNTK
Technology	FTEC +13.4 points	99.4%	86.0%
Communication	XNTK +7.1 points	0.0%	7.1%
Consumer Discretionary	XNTK +6.8 points	0.1%	6.9%
Financials	FTEC +0.3 points	0.3%	0.0%
Industrials	FTEC +0.3 points	0.3%	0.0%

Country, concentration and asset class

Country by domicile

Country weights in FTEC and XNTK, widest gap first
Country	More in FTECMore in XNTK	FTEC	XNTK
United States	FTEC +10.0 points	99.5%	89.5%
Netherlands	XNTK +3.5 points	0.0%	3.5%
Taiwan	XNTK +3.3 points	0.0%	3.3%
Canada	XNTK +2.3 points	0.0%	2.3%
China	XNTK +1.1 points	0.3%	1.4%
Other countries (3)	FTEC +0.2 points	0.2%	0.0%

Concentration

Weight in the 10 largest Holdings

FTEC64.1%
XNTK48.3%

Securities held

FTEC290
XNTK35

Asset class

FTEC: Equity
XNTK: Equity

Holdings

Only in FTEC267
In both23
Only in XNTK12

Only in FTEC

267 securities, 26.4% of FTEC by weight

Palo Alto Networks Inc1.23%
Kla Corp0.86%
Analog Devices Inc0.86%
Securities Lending Cf0.79%
Sandisk Corporation0.70%
Accenture PLC Class A0.67%
Seagate Techn Holdings PLC0.59%
Dell Technologies Inc Class C0.55%
Western Digital Corp0.54%
Snowflake Inc0.44%
Corning Inc0.42%
Cadence Design Systems Inc0.40%
Cloudflare Inc0.39%
Synopsys Inc0.38%
Fortinet Inc0.38%
Motorola Solutions Inc0.37%
Hewlett Packard Enterprise Co0.34%
Datadog Inc Class A0.33%
Nxp Semiconductors NV0.30%
Te Connectivity PLC0.29%
Lumentum Holdings Inc0.28%
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%
Okta Inc Class A0.20%
Teradyne Inc0.20%
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%
Coherent Corp0.16%
Flex Ltd0.16%
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%

Only in XNTK

12 securities, 24.7% of XNTK by weight

Asml Holding NV Ny Reg Shs3.46%
Taiwan Semiconductor Sp Adr3.30%
Amazon.com Inc2.41%
Shopify Inc Class A2.27%
Meta Platforms Inc Class A2.17%
Alphabet Inc Class A2.05%
Tesla Inc1.96%
Uber Technologies Inc1.73%
Booking Holdings Inc1.59%
Netflix Inc1.46%
Alibaba Group Holding Sp Adr1.43%
Applovin Corp Class A0.85%

Weight gaps

All 23 Holdings in both funds, largest gap first.

Holding weights in FTEC and XNTK, widest gap first
Holding	More in FTECMore in XNTK	FTEC	XNTK
Apple IncAAPL	FTEC +14.93 points	17.73%	2.80%
NVIDIA CorpNVDA	FTEC +14.22 points	16.95%	2.73%
Microsoft CorpMSFT	FTEC +9.74 points	12.22%	2.48%
Marvell Technology IncMRVL	XNTK +5.08 points	0.70%	5.78%
Micron Technology IncMU	XNTK +4.67 points	3.99%	8.66%
Intel CorpINTC	XNTK +4.27 points	1.17%	5.44%
Crowdstrike Holdings IncCRWD	XNTK +3.58 points	1.04%	4.62%
Texas Instruments IncTXN	XNTK +2.75 points	1.13%	3.88%
Advanced Micro Devices IncAMD	XNTK +2.73 points	3.28%	6.01%
Arista Networks IncANET	XNTK +2.54 points	0.76%	3.30%
Applied Materials IncAMAT	XNTK +2.38 points	1.26%	3.64%
Lam Research CorpLRCX	XNTK +2.32 points	1.22%	3.54%
Amphenol Corporation Class AAPH	XNTK +2.02 points	0.82%	2.84%
Broadcom IncAVGO	FTEC +1.97 points	4.11%	2.14%
Qualcomm IncQCOM	XNTK +1.58 points	0.74%	2.32%
Cisco Systems IncCSCO	XNTK +1.44 points	1.68%	3.12%
Salesforce IncCRM	XNTK +1.19 points	0.78%	1.97%
Adobe IncADBE	XNTK +1.12 points	0.44%	1.56%
Servicenow IncNOW	XNTK +0.97 points	0.45%	1.42%
Intl Bus Mach CorpIBM	XNTK +0.89 points	0.98%	1.87%
Oracle CorpORCL	XNTK +0.76 points	0.88%	1.64%
Palantir Technologies IncPLTR	XNTK +0.75 points	1.64%	2.39%
Intuit IncINTU	XNTK +0.71 points	0.39%	1.10%

All 294 FTEC holdings⁠All 35 XNTK 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 XNTK Cost

Overpaying XNTK vs FTEC

$5,353

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

FTEC 0.084%
$1,773
XNTK 0.35%
$7,126

Amount$10,000

Years30 years

Cost over time

FTEC 0.084%
XNTK 0.35%
Overpaying

Year by year

Year	FTEC	XNTK	Overpaying
10	$154	$634	$480
20	$603	$2,454	$1,851
30	$1,773	$7,126	$5,353

Expense ratio

0.08%FTEC, cheaper
0.35%XNTK

FTEC0.08%XNTK0.35%

0.08%1.00%

Middle half of Technology (Broad) funds
Median 0.45%

FTEC 2nd cheapest of 23 funds

XNTK 5th cheapest of 23 funds

FTEC vs XNTK Dividends

Last 12 months to Nov 2, 2026

Yield (12M): FTEC 0.41%, better; XNTK 0.16%
Payout (12M): FTEC $1.11; XNTK $0.53
Last payment: FTEC $0.33; XNTK $0.08
Ex-dividend: FTEC Sep 18, 2026; XNTK Sep 21, 2026
Paid on: FTEC Sep 22, 2026; XNTK Sep 23, 2026
Frequency: FTEC Quarterly; XNTK Quarterly

Distribution history

Per share, 2017 to 2026, same scale for both

FTECQuarterly · 39 paymentsAll FTEC payments⁠

XNTKQuarterly · 39 paymentsAll XNTK payments⁠

FTEC vs XNTK Risk

Fall from peak · 5 years

FTEC
XNTK

Risk facts

VolatilityStd dev, 3 years: FTEC 22.3%, betterXNTK 27.0%
Return per unit of riskSharpe ratio, 3 years: FTEC 1.19, betterXNTK 1.12
Worst fallMax drawdown, 5 years: FTEC −35.0%, betterXNTK −48.3%
Market sensitivityBeta, 5 years: FTEC 1.35XNTK 1.62; Market = 1

FTEC and XNTK 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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