Dividend comparison
FTEC vs IYW: Which Is Better?
Fees, yield, total returns, drawdowns, holdings overlap and dividend history for Fidelity MSCI Information Technology Index ETF and iShares U.S. Technology ETF, side by side. Updated October 21, 2026.
FTEC vs IYW: key differences
The short answer, from the latest data on this page.
- Fees. FTEC is cheaper at 0.08% a year versus 0.37% for IYW. On $10,000 that is $29 a year less in fees.
- Income. FTEC pays more income, yielding 0.39% over the last twelve months versus 0.10% for IYW. That is about $29 more a year on $10,000. FTEC pays quarterly, IYW pays annual.
- Performance. Over the last 5 years, IYW returned 138.2% versus 134.1% for FTEC, with dividends reinvested. $10,000 would have grown to $23,819 in IYW and $23,410 in FTEC.
- Risk. IYW has been the bumpier ride. Its worst peak-to-trough decline over the last 5 years was -39.4%, against -35.0% for FTEC.
- Diversification. FTEC holds 294 positions and IYW holds 148. The ten largest positions make up 64.5% of FTEC and 65.7% of IYW.
- Overlap. 82% of the two portfolios overlap by weight, across 78 shared holdings. Owning both adds little diversification.
- Dividend growth. FTEC grew its yearly payout 3.0% a year over the last 4 years, versus -6.3% for IYW.
Bottom line: FTEC fits better if you care most about lower fees, more income today, smaller drawdowns, faster dividend growth and broader diversification. IYW fits better if you care most about stronger 5-year returns. With 82% overlap, most investors would hold one or the other rather than both.
Side-by-side snapshot
Trailing twelve-month figures where available. Higher yield is highlighted — not a buy recommendation.
| Metric | FTEC Fidelity MSCI Information Technology Index ETF | IYW iShares U.S. Technology ETF |
|---|---|---|
| Dividend yield (TTM) | 0.39% | 0.10% |
| Dividend / share (TTM) | $1.11 | $0.25 |
| Payout frequency | Quarterly | Annual |
| Last dividend | $0.3320 on Sep 22, 2026 | $0.0491 on Sep 18, 2026 |
| Ex-dividend date | Sep 18, 2026 | Sep 15, 2026 |
| Dividend growth (CAGR) | 3.0% over 4 yrs | -6.3% over 4 yrs |
| Price | $286.87 | $253.34 |
| Dividend growth streak | 4 years | — |
| Beta | 1.35 | 1.35 |
| Max drawdown (5Y) | -35.0% | -39.4% |
| Market cap | $17.10B | $24.41B |
| Exchange | AMEX | AMEX |
| Expense ratio | 0.08% | 0.37% |
| Assets under management | $22.15B | $24.53B |
| Number of holdings | 294 | 148 |
| Top 10 concentration | 64.5% | 65.7% |
Income on a $10,000 investment
Illustrative only — assumes current TTM yield stays constant. Actual distributions change.
FTEC
$3.22/mo
$39 /yr at 0.39% yield
IYW
$0.81/mo
$10 /yr at 0.10% yield
Dividend history
Total dividends paid per share in each calendar year. FTEC pays quarterly; IYW pays annual.
| Year | FTEC | IYW |
|---|---|---|
| 2025 | $0.9560 | $0.2762 |
| 2024 | $0.9050 | $0.3316 |
| 2023 | $1.1080 | $0.4882 |
| 2022 | $0.8760 | $0.3756 |
| 2021 | $0.8490 | $0.3587 |
Strategy: Sector and thematic
Funds that hold a single industry or theme, such as technology, semiconductors, healthcare or energy. Funds covering the same sector can still differ in concentration rules: some cap the largest positions while others let the biggest companies take a quarter of the fund. Sector funds are usually used to tilt a portfolio rather than as its core.
A single sector can fall far further than the broad market and stay down for years, and the largest names often dominate the fund.
Performance
Total returns with dividends reinvested, from the adjusted closing price series. $10,000 invested on Oct 20, 2021 would now be worth $23,410 in FTEC and $23,819 in IYW.
| Period | FTEC | IYW |
|---|---|---|
| 1 month | -1.67% | -1.37% |
| 3 months | 6.20% | 5.59% |
| Year to date | 27.69% | 26.98% |
| 1 year | 26.49% | 27.02% |
| 3 years | 138.24% | 142.78% |
| 5 years | 134.10% | 138.19% |
- FTEC
- IYW
Both series indexed to 100 on 2021-10-20 using the adjusted closing price series. Past performance does not guarantee future results.
Sector allocation
Weight of each sector within the fund. Sectors are aligned on the same row so the two funds can be read against each other directly.
- FTEC
- IYW
FTEC vs IYW holdings overlap
82% overlap by weight, with 78 holdings in common. Overlap adds up the smaller of the two weights for every stock both funds own, so 100% would mean identical portfolios.
| Largest shared holdings | FTEC weight | IYW weight |
|---|---|---|
| NVDANVIDIA CORP | 17.47% | 16.88% |
| AAPLAPPLE INC | 17.14% | 16.54% |
| MSFTMICROSOFT CORP | 12.14% | 13.23% |
| AVGOBROADCOM INC | 4.09% | 3.10% |
| AMDADVANCED MICRO DEVICES INC | 3.40% | 2.94% |
| MUMICRON TECHNOLOGY INC | 3.97% | 2.68% |
| PLTRPALANTIR TECHNOLOGIES INC | 1.68% | 2.15% |
| INTCINTEL CORP | 1.59% | 2.10% |
| LRCXLAM RESEARCH CORP | 1.35% | 1.70% |
| AMATAPPLIED MATERIALS INC | 1.30% | 1.63% |
Top 10 holdings
Largest positions by portfolio weight.
FTEC294 holdings total
Quick verdict
FTEC fits better if you care most about lower fees, more income today, smaller drawdowns, faster dividend growth and broader diversification. IYW fits better if you care most about stronger 5-year returns. With 82% overlap, most investors would hold one or the other rather than both. Model the holding inside your real portfolio before deciding.
Still deciding? Compare them in your portfolio
Forecast dividend income, track payouts, and see how FTEC vs IYW fits with the rest of your holdings. Free to start — no credit card required for the trial.
Frequently asked questions
Is FTEC or IYW better for dividend income?
It depends on your goals. FTEC currently yields 0.39% Trailing Twelve Months (TTM) while IYW yields 0.10%. Higher yield means more current income per dollar invested, but may come with different risk, growth, or NAV characteristics. Compare total return and payout sustainability — not just the headline yield.
What is the difference between FTEC and IYW?
Fidelity MSCI Information Technology Index ETF (FTEC) is an ETF listed on AMEX. iShares U.S. Technology ETF (IYW) is an ETF listed on AMEX. Side-by-side metrics on this page cover yield, fees, returns, drawdowns, holdings overlap and dividend history when available.
Which is cheaper, FTEC or IYW?
FTEC has the lower expense ratio. FTEC charges 0.08% a year and IYW charges 0.37%, a difference of $29 a year on a $10,000 investment.
Which has performed better, FTEC or IYW?
Over the last 5 years, IYW has the higher total return with dividends reinvested: FTEC returned 134.1% and IYW returned 138.2%. Past performance does not predict future returns.
Which is riskier, FTEC or IYW?
Measured by the worst peak-to-trough decline over the last five years, IYW has been riskier: FTEC fell as much as 35.0% and IYW as much as 39.4%. Their betas are 1.35 and 1.35.
How much do FTEC and IYW overlap?
About 82% of the two portfolios overlap by weight, across 78 shared holdings. The largest shared positions are NVDA, AAPL, MSFT. Holding both adds little diversification.
How often do FTEC and IYW pay dividends?
FTEC pays quarterly and IYW pays annual.
How much income does $10,000 in FTEC vs IYW generate?
At current TTM yields, $10,000 in FTEC would generate roughly $3.22 per month ($39 annually). The same amount in IYW would produce about $0.81 per month ($10 annually). Actual payouts vary with distribution changes and reinvestment.
Can I hold both FTEC and IYW?
Yes. Many income investors hold both to diversify strategy or index exposure. Whether the combination actually diversifies depends on overlapping holdings and factor exposure. Model both inside Dividend Wealth to see combined income, sector mix, and forecast impact.
Where can I compare FTEC vs IYW with my full portfolio?
Create a free Dividend Wealth account to import or enter holdings, forecast dividend income, and see how FTEC and IYW fit alongside the rest of your portfolio. A 14-day free trial of Standard is available with no credit card required; a limited Free plan is also available.
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For informational and educational purposes only. Not investment advice. Past performance and current yields do not guarantee future results. Verify figures independently before making investment decisions.