I would like to get some tech exposure in my portfolio, should I invest in FTEC (Fidelity Information Technology Index ETF) or VGT (Information Technology Index Fund ETF Shares).
- FTEC is an ETF from Fidelity. VGT is an ETF from Vanguard.
- The expense ratio for FTEC is 0.08% while the expense ratio of VGT is 0.10%. The fund from Fidelity is slightly cheaper.
- Fidelity Tech ETF has 7.20 billion in assets under management, while Vanguard Tech ETF has over 56 billion in assets under management.
- FTEC and VGT aim to track the MSCI USA IMI Information Technology Index. Both funds invest at least 80% of their assets in the U.S information technology sector.
- There is no minimum initial investment for both ETFs. You can even buy fractional shares.
- FTEC and VGT pay dividends to shareholders on a quarterly basis.
- When we compared the portfolio of FTEC to VGT, we found that their top 10 holdings are the same.
|COMPANY||SYMBOL||TOTAL NET ASSETS|
|Visa Inc. Cl A||V||2.69%|
|Cisco Systems Inc.||CSCO||1.96%|
|Accenture PLC Cl A||ACN||1.93%|
|Funds||Fidelity® MSCI Information Technology Index ETF||Vanguard Information Technology Index Fund ETF Shares|
It’s difficult to say. As the comparisons above show, FTEC ETF from Fidelity and VGT ETF from Vanguard track the same underlying index, have the same top ten holdings, and charge comparable fees.
If you’re still undecided about which ETF to invest in, simply choose one.