FTEC vs. IETC ETF Comparison

Comparison of Fidelity MSCI Information Technology Index ETF (FTEC) to iShares Evolved U.S. Technology ETF (IETC)

FTEC

Fidelity MSCI Information Technology Index ETF

FTEC Description

The investment seeks to provide investment returns that correspond, before fees and expenses, generally to the performance of the MSCI USA IMI Information Technology Index. Investing at least 80% of assets in securities included in the fund's underlying index. The fund's underlying index is the MSCI USA IMI Information Technology Index, which represents the performance of the information technology sector in the U.S. equity market. It may or may not hold all of the securities in the MSCI USA IMI Information Technology Index. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$184.90

Average Daily Volume

212,411

Number of Holdings ^*

275

* may have additional holdings in another (foreign) market

IETC

iShares Evolved U.S. Technology ETF

IETC Description

The investment seeks to provide access to U.S. companies with technology exposure, as classified using a proprietary classification system. The fund seeks to achieve its investment objective by investing, under normal circumstances, at least 80% of its net assets in U.S. listed common stock of large-, mid- and small-capitalization technology companies. It will hold common stock of those companies that fall into the Technology Evolved Sector which have economic characteristics that have been historically correlated with companies traditionally defined as technology companies. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$82.22

Average Daily Volume

19,325

Number of Holdings ^*

117

* may have additional holdings in another (foreign) market

Performance

Period	FTEC	IETC
30 Days	4.14%	3.17%
60 Days	7.90%	5.58%
90 Days	7.31%	8.32%
12 Months	36.13%	39.98%

61 Overlapping Holdings

Symbol	Grade	Weight in FTEC	Weight in IETC	Overlap
AAPL	C	15.03%	2.45%	2.45%
ACN	C	1.42%	4.27%	1.42%
ADBE	C	1.51%	1.15%	1.15%
ADSK	A	0.46%	0.74%	0.46%
AKAM	D	0.13%	0.15%	0.13%
AMD	F	1.39%	0.7%	0.7%
ANET	C	0.66%	0.62%	0.62%
ANSS	B	0.24%	0.41%	0.24%
APPN	B	0.03%	0.04%	0.03%
AVGO	D	4.31%	11.53%	4.31%
BILL	A	0.15%	0.05%	0.05%
BSY	D	0.1%	0.17%	0.1%
CDNS	B	0.55%	1.88%	0.55%
CDW	F	0.19%	0.57%	0.19%
CFLT	B	0.12%	0.1%	0.1%
CRM	B	2.04%	3.91%	2.04%
CRWD	B	0.54%	0.35%	0.35%
CSCO	B	1.47%	1.85%	1.47%
DDOG	A	0.28%	0.18%	0.18%
DELL	C	0.29%	0.06%	0.06%
DOCN	D	0.05%	0.05%	0.05%
DXC	B	0.09%	0.05%	0.05%
ENPH	F	0.08%	0.02%	0.02%
FTNT	C	0.43%	1.26%	0.43%
GDDY	A	0.22%	0.02%	0.02%
GLW	B	0.29%	0.04%	0.04%
HUBS	A	0.28%	0.15%	0.15%
IBM	C	1.18%	2.06%	1.18%
INTU	C	1.23%	0.07%	0.07%
IT	C	0.31%	0.61%	0.31%
JNPR	F	0.13%	0.06%	0.06%
KEYS	A	0.22%	0.2%	0.2%
KLAC	D	0.57%	0.34%	0.34%
LRCX	F	0.64%	0.16%	0.16%
MANH	D	0.17%	1.25%	0.17%
MPWR	F	0.2%	0.52%	0.2%
MSFT	F	13.23%	7.52%	7.52%
MSI	B	0.55%	2.42%	0.55%
MSTR	C	0.45%	0.34%	0.34%
MU	D	0.7%	0.41%	0.41%
NOW	A	1.33%	2.14%	1.33%
NSIT	F	0.07%	0.09%	0.07%
NTAP	C	0.19%	0.84%	0.19%
NVDA	C	16.06%	8.86%	8.86%
ORCL	B	1.9%	3.64%	1.9%
PANW	C	0.81%	0.83%	0.81%
PLTR	B	0.81%	0.61%	0.61%
QCOM	F	1.14%	1.29%	1.14%
QLYS	C	0.1%	0.18%	0.1%
QRVO	F	0.07%	0.07%	0.07%
SLAB	D	0.08%	0.06%	0.06%
SNPS	B	0.55%	0.2%	0.2%
SWKS	F	0.13%	0.14%	0.13%
TDY	B	0.2%	0.06%	0.06%
TEAM	A	0.33%	0.86%	0.33%
TER	D	0.14%	0.1%	0.1%
TXN	C	1.16%	0.29%	0.29%
TYL	B	0.22%	0.61%	0.22%
VRSN	F	0.16%	2.01%	0.16%
WDAY	B	0.41%	0.69%	0.41%
ZM	B	0.2%	0.59%	0.2%

FTEC Overweight 214 Positions Relative to IETC

Symbol	Grade	Weight
AMAT	F	0.98%
INTC	D	0.69%
ADI	D	0.67%
APH	A	0.57%
APP	B	0.55%
MRVL	B	0.54%
FICO	B	0.41%
ROP	B	0.41%
NXPI	D	0.39%
CTSH	B	0.3%
SNOW	C	0.29%
HPQ	B	0.27%
MCHP	D	0.25%
NET	B	0.23%
HPE	B	0.23%
ON	D	0.22%
PTC	A	0.2%
ZBRA	B	0.19%
TWLO	A	0.19%
MDB	C	0.19%
TRMB	B	0.18%
WDC	D	0.18%
DOCU	A	0.18%
NTNX	A	0.18%
FSLR	F	0.17%
STX	D	0.17%
GWRE	A	0.17%
GEN	B	0.17%
ZS	C	0.17%
FFIV	B	0.16%
EPAM	C	0.16%
JBL	B	0.16%
FLEX	A	0.16%
COHR	B	0.16%
DT	C	0.15%
IOT	A	0.14%
PSTG	D	0.14%
ENTG	D	0.14%
CIEN	B	0.13%
QTWO	A	0.12%
PCOR	B	0.12%
GTLB	B	0.12%
OKTA	C	0.12%
LITE	B	0.12%
IDCC	A	0.11%
ALTR	B	0.11%
FN	D	0.11%
DBX	B	0.11%
SMAR	A	0.11%
KD	B	0.11%
SNX	C	0.11%
MARA	C	0.11%
S	B	0.11%
CVLT	B	0.11%
CRDO	B	0.11%
MTSI	B	0.11%
PATH	C	0.1%
U	C	0.1%
OLED	D	0.1%
AUR	C	0.1%
WK	B	0.1%
BDC	B	0.1%
PLXS	B	0.1%
MKSI	C	0.1%
RMBS	C	0.1%
CGNX	C	0.1%
BOX	B	0.1%
BMI	B	0.1%
VNT	B	0.1%
LSCC	D	0.1%
ACIW	B	0.1%
ITRI	B	0.1%
CWAN	B	0.1%
DLB	B	0.09%
AVT	C	0.09%
SITM	B	0.09%
AEIS	B	0.09%
PEGA	A	0.09%
TENB	C	0.09%
HCP	B	0.09%
ARW	D	0.09%
VRNS	D	0.09%
APPF	B	0.09%
LFUS	F	0.09%
SANM	B	0.09%
NOVT	D	0.09%
ONTO	D	0.09%
PI	D	0.09%
ESTC	C	0.09%
SPSC	C	0.09%
CLSK	C	0.08%
POWI	D	0.08%
RIOT	C	0.08%
BLKB	B	0.08%
NCNO	B	0.08%
ASGN	F	0.08%
FORM	D	0.07%
ALRM	C	0.07%
TDC	D	0.07%
FRSH	C	0.07%
PRGS	A	0.07%
FIVN	C	0.07%
AI	B	0.07%
FROG	C	0.07%
INTA	A	0.07%
DV	C	0.07%
MIR	A	0.07%
SYNA	C	0.07%
AGYS	A	0.07%
SMTC	B	0.07%
SMCI	F	0.07%
BL	B	0.07%
CRUS	D	0.07%
ALGM	D	0.06%
ACLS	F	0.06%
TTMI	B	0.06%
OSIS	B	0.06%
PAR	B	0.06%
KLIC	B	0.06%
DIOD	D	0.06%
RPD	C	0.06%
CXT	B	0.06%
RNG	B	0.06%
VERX	B	0.06%
AMKR	D	0.06%
ZETA	D	0.06%
VYX	B	0.05%
EXTR	B	0.05%
BRZE	C	0.05%
ALKT	B	0.05%
PLUS	F	0.05%
IPGP	D	0.05%
YOU	D	0.05%
VIAV	B	0.05%
AMBA	B	0.05%
RBRK	A	0.05%
VRNT	C	0.04%
VECO	F	0.04%
UCTT	D	0.04%
PLAB	C	0.04%
CTS	C	0.04%
NTCT	C	0.04%
INFA	D	0.04%
KN	B	0.04%
WULF	C	0.04%
ROG	D	0.04%
BHE	B	0.04%
PD	C	0.04%
CALX	D	0.04%
VSH	D	0.04%
SOUN	C	0.04%
RAMP	C	0.04%
ICHR	C	0.03%
ARLO	C	0.03%
SCSC	B	0.03%
ENV	B	0.03%
MXL	C	0.03%
DGII	B	0.03%
COHU	C	0.03%
ASAN	C	0.03%
ATEN	B	0.03%
CIFR	B	0.03%
ZUO	B	0.03%
NSSC	D	0.03%
HLIT	D	0.03%
INFN	C	0.03%
SPT	C	0.03%
CEVA	B	0.02%
OLO	B	0.02%
SWI	B	0.02%
NTGR	B	0.02%
AOSL	C	0.02%
SEDG	F	0.02%
DJCO	B	0.02%
INDI	C	0.02%
IBUY	A	0.02%
HCKT	B	0.02%
BASE	C	0.02%
NABL	F	0.02%
BELFB	C	0.02%
BLND	B	0.02%
YEXT	A	0.02%
ACMR	F	0.02%
CXM	C	0.02%
APLD	A	0.02%
CNXN	C	0.02%
PRO	C	0.02%
WOLF	F	0.02%
FSLY	D	0.02%
PDFS	C	0.02%
JAMF	F	0.02%
XRX	F	0.02%
GDYN	B	0.02%
AAOI	B	0.02%
VPG	D	0.01%
CRSR	C	0.01%
MEI	D	0.01%
CLFD	D	0.01%
LWLG	F	0.01%
RBBN	C	0.01%
SEMR	B	0.01%
ENFN	A	0.01%
BIGC	C	0.01%
MITK	C	0.01%
ETWO	F	0.01%
WEAV	B	0.01%
DMRC	C	0.01%
LASR	D	0.01%
KE	C	0.01%
MLNK	B	0.01%
NNBR	C	0.01%
DAKT	B	0.01%
VSAT	F	0.01%
OSPN	A	0.01%

FTEC Underweight 56 Positions Relative to IETC

Symbol	Grade	Weight
AMZN	C	-7.6%
GOOGL	C	-2.26%
META	D	-1.77%
ICE	C	-1.64%
GOOG	C	-1.39%
GPN	B	-1.14%
PH	A	-1.01%
MA	C	-0.94%
EQIX	A	-0.77%
SSNC	B	-0.73%
ABNB	C	-0.66%
TTD	B	-0.64%
VRSK	A	-0.64%
LMT	D	-0.41%
CSGP	D	-0.39%
MCO	B	-0.35%
G	B	-0.33%
COIN	C	-0.3%
FDS	B	-0.3%
UBER	D	-0.23%
SQ	B	-0.22%
TTEK	F	-0.21%
DASH	A	-0.21%
BAH	F	-0.2%
MMC	B	-0.19%
TRU	D	-0.17%
CACI	D	-0.15%
PINS	D	-0.14%
EA	A	-0.13%
IQV	D	-0.13%
MSCI	C	-0.12%
VRT	B	-0.11%
IRM	D	-0.1%
SLB	C	-0.1%
IPG	D	-0.1%
VEEV	C	-0.1%
NDAQ	A	-0.09%
LPLA	A	-0.07%
ADP	B	-0.07%
SNAP	C	-0.07%
ROK	B	-0.07%
CPNG	D	-0.06%
CPAY	A	-0.06%
BBY	D	-0.06%
CBOE	B	-0.06%
FBIN	D	-0.06%
ILMN	D	-0.05%
SAIC	F	-0.05%
CL	D	-0.04%
MMS	F	-0.04%
ZI	D	-0.02%
XYL	D	-0.02%
RIVN	F	-0.01%
ALGN	D	-0.0%
GRAL	C	-0.0%
FTV	C	-0.0%

FTEC: Top Represented Industries & Keywords

Industries: Software - Application Software - Infrastructure Semiconductors Semiconductor Equipment & Materials Communication Equipment Information Technology Services Electronic Components Scientific & Technical Instruments Contract Manufacturers Data Storage Capital Markets Computer Systems Telecom Services Business Services Computer Distribution Computer Hardware Consumer Electronics Diversified Industrials Electronics Distribution Internet Content & Information

IETC: Top Represented Industries & Keywords

Industries: Software - Application Business Services Semiconductors Information Technology Services Software - Infrastructure Internet Content & Information Capital Markets Semiconductor Equipment & Materials Communication Equipment Diagnostics & Research Diversified Industrials Financial Data & Stock Exchanges Scientific & Technical Instruments Computer Systems Internet Content & Information Specialty Retail Advertising Agencies Aerospace & Defense Auto Manufacturers Conglomerates