Data as of Oct 28, 2026.

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FTEC vs QTEC: Differences, Returns & Fees

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Over the year to Oct 28, 2026, FTEC returned +25.0% to QTEC's +29.4%; 33% of their weight is in the same names.

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Net assets: $22.1bn on Sep 30, 2026 for Fidelity MSCI Information Technology Index ETF, and $4.6bn on Oct 27, 2026 for First Trust NASDAQ-100-Technology Sector Index Fund.

At a glance
+25.0%
FTEC total return, 1 year
+29.4%
QTEC total return, 1 year
0.08%
FTEC expense ratio
0.55%
QTEC expense ratio

Pair scorecard

FTEC costs 0.47 points a year less; their one-year returns differ by 4.4 points.

FTEC vs QTEC: Differences, Returns & Fees
MeasureFTECQTEC
Return
Total return, 1 year+25.0%+29.4%
Drawdown
Below its high4.9%, high on Oct 6, 20267.6%, high on Oct 6, 2026
Benchmark
What it tracksMSCI USA IMI Information Technology 25/50 IndexNasdaq-100 Technology Sector Index
Cost and size
Expense ratio0.08%0.55%
Net assets, FTEC as of Sep 30, 2026 and QTEC as of Oct 27, 2026$22.1bn$4.6bn
Holdings
Holdings in common33%
Top ten holdings, share of the fund62.2%25.2%

Holdings in common uses holdings dated Jul 31, 2026 and Oct 27, 2026. Method

Risk and return

Nov 1, 2013 to Oct 23, 2026 · 677 weekly returns
FTEC QTEC
Return
Total return edge FTEC +1,178.5% +882.7%
Annualized edge FTEC +21.6% +19.2%
Price return edge FTEC +1,031.1% +812.6%
Risk
Volatility edge FTEC 21.3% 24.1%
Max drawdown edge FTEC −34.1% −45.5%
Downside capture 100.0% 115.4%
Beta 1.00 1.19
Risk-adjusted
Sharpe edge FTEC 0.94 0.77
Sortino edge FTEC 1.41 1.15
Treynor 0.199 0.128
Calmar edge FTEC 0.63 0.42
Against the benchmark
Alpha −0.1% a year +2.9% a year
Alpha t-stat −0.70 1.07
Information ratio −0.19 0.39
Tracking error 0.7% 12.6%

Each against its own benchmark: FTEC against VGT, Nov 1, 2013 to Oct 23, 2026; QTEC against IVV, May 12, 2006 to Oct 23, 2026.

Reading

FTEC returned more: +1,178.5% to +882.7%. FTEC swung less: 21.3% to 24.1%. FTEC fell less at its worst: −34.1% to −45.5%.

Full scorecard

19 measures, with how each is measured
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Risk and return: FTEC vs QTEC: Differences, Returns & Fees
MeasureFTECQTECEdgeHow it is measured
Return
Total return+1,178.5%+882.7%FTECPrice change plus distributions, reinvested.
Annualized+21.6%+19.2%FTECTotal return as a yearly rate.
Price return+1,031.1%+812.6%FTECPrice change alone, distributions left out.
Risk
Volatility21.3%24.1%FTECSpread of weekly returns, annualized. Lower is steadier.
Downside deviation14.1%16.1%FTECLike volatility, counting only weeks below the Treasury bill rate.
Max drawdown−34.1%−45.5%FTECDeepest fall from a high to the low after it.
Upside capture99.7%151.5%Share of its benchmark's rise caught in the weeks it rose.
Downside capture100.0%115.4%Share of its benchmark's fall taken in the weeks it fell. Lower is better.
Beta1.001.19Not an edgeHow far it moves for each 1% its benchmark moves.
R squared1.000.75Not an edgeShare of its weekly moves its benchmark explains.
Risk-adjusted
Sharpe0.940.77FTECReturn above Treasury bills per unit of volatility.
Sortino1.411.15FTECReturn above Treasury bills per unit of downside deviation.
Treynor0.1990.128Return above Treasury bills per unit of beta.
Calmar0.630.42FTECAnnualized return divided by the max drawdown.
Against the benchmark
BenchmarkVGTIVVThe ETF each fund is measured against.
Alpha−0.1% a year+2.9% a yearNot significantYearly return beyond what its beta to the benchmark predicts.
Alpha t-stat−0.701.07Not an edgeHow sure the alpha is. Below 2, it could be chance.
Alpha range−0.5% to +0.2%−2.4% to +8.2%Includes zeroThe 95% range for the yearly alpha.
Information ratio−0.190.39Return against its benchmark per unit of tracking error.
Tracking error0.7%12.6%Not an edgeHow far weekly returns stray from the benchmark, annualized.

Computed by ETFIQ from Tiingo daily prices and ETFIQ's distribution records, 677 weekly returns. Cash rate: the 13-week Treasury bill.

What they share

33%

By the books each fund has filed, FTEC and QTEC hold 33% of their money in the same securities at the same weight. Holdings dated Jul 31, 2026 and Oct 27, 2026.

0 half 100%

half

33% in common

Positions both hold · largest shared weight first FTEC QTEC
Advanced Micro Devices Inc 3.18% 2.61%
Apple Inc 16.21% 2.40%
Microsoft Corp 10.93% 2.30%
NVIDIA Corp 17.09% 2.16%
Micron Technology Inc 3.82% 2.12%
Broadcom Inc 4.20% 2.03%
Applied Materials Inc 1.69% 1.89%
Intel Corp 1.65% 2.30%
Lam Research Corp 1.54% 1.75%
Palo Alto Networks Inc 1.17% 2.30%
Palantir Technologies Inc 1.13% 2.34%
Texas Instruments Inc 1.07% 2.60%
Only in one fund ↓
Only in FTEC
Cisco Systems Inc 1.92%
Oracle Corp 0.90%
International Business Machines Corp 0.88%
Amphenol Corp 0.85%
Arista Networks Inc 0.84%
Salesforce Inc 0.65%
Dell Technologies Inc 0.59%
ServiceNow Inc 0.49%
Only in QTEC
Shopify Inc. (Class A) 2.47%
Meta Platforms, Inc. (Class A) 2.38%
Thomson Reuters Corporation 2.38%
ASML Holding N.V. (New York Registry Shares) 2.11%
Arm Holdings Plc 2.05%
PDD Holdings Inc. (ADR) 2.05%
Nebius Group N.V. 1.81%
DoorDash, Inc. (Class A) 1.61%
Check overlap with more funds →

Side by side

FTEC Fidelity MSCI Information Technology Index ETF QTEC First Trust NASDAQ-100-Technology Sector Index Fund
Where it sits Stock ETF Stock ETF
What it is Tracks the MSCI Information Technology Tracks an index
Total return, 1 year +25.0% +29.4%
Its benchmark over the same days +24.7% (VGT) +13.7% (IVV)
Gap to its benchmark +0.3 pts vs VGT +15.7 pts vs IVV
Expense ratio 0.08% 0.55%
Already in the S&P 500 87.8% 80.9%
Holdings 281 47
Net assets, FTEC as of Sep 30, 2026 and QTEC as of Oct 27, 2026 $22.1bn $4.6bn

FTEC and QTEC on the fields both publish, as of Oct 28, 2026. Source: ETFIQ.

Client brief · page 1 of 2 Report BR-9B3E567B1D

FTEC and QTEC are built for the same job. How do they differ in cost, holdings and results?

  1. What each follows. FTEC follows MSCI USA IMI Information Technology 25/50 Index and QTEC follows Nasdaq-100 Technology Sector Index.
  2. Holdings in common. 33% of the weight is in the same securities (holdings dated Jul 31, 2026 and Oct 27, 2026).
  3. One-year total return. Over 1 year to Oct 28, 2026 FTEC returned +25.0% and QTEC +29.4% with distributions reinvested, a gap of 4.4 points.

Data as of Oct 28, 2026.

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About each fund
FTEC

FTEC tracks the MSCI Information Technology. Over the year to Oct 28, 2026 it returned +25.0% with distributions reinvested, against +24.7% for its benchmark, the MSCI USA IMI Information Technology 25/50 Index. The prospectus expense ratio is 0.08% a year. By its holdings filed for Jul 31, 2026, 88% of the fund by weight is stocks the S&P 500 also holds, across 281 positions, with the top ten at 62.2%. It sat 4.9% below its high of Oct 6, 2026 on Oct 28, 2026.

QTEC

QTEC tracks an index. Over the year to Oct 28, 2026 it returned +29.4% with distributions reinvested, against +13.7% for its benchmark, the S&P 500 Index. The prospectus expense ratio is 0.55% a year. By its holdings published by its issuer for Oct 27, 2026, 81% of the fund by weight is stocks the S&P 500 also holds, across 47 positions, with the top ten at 25.2%. It sat 7.6% below its high of Oct 6, 2026 on Oct 28, 2026.

Questions people ask

Which returned more over the last year, FTEC or QTEC?
In the year to Oct 28, 2026, with distributions reinvested, FTEC returned +25.0% and QTEC +29.4%.
Which is cheaper, FTEC or QTEC?
FTEC is cheaper, by 0.47 percentage points a year. That is about $47 on $10,000 held for a year. Fees come from each fund's prospectus.
How much do FTEC and QTEC overlap with the S&P 500?
By their latest filed holdings, 88% of FTEC and 81% of QTEC by weight is stocks the S&P 500 already holds.
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ETFIQ, FTEC against QTEC, data as of Oct 28, 2026. https://etfiq.com/compare/any/ftec-vs-qtec

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