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Fidelity's FTEC ETF offers similar US tech exposure as Vanguard's VGT but with slightly lower fees.

Market News
13 Jul 2026
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Fidelity's FTEC ETF offers similar US tech exposure as Vanguard's VGT but with slightly lower fees.

Fidelity's MSCI Information Technology Index ETF (FTEC) closely matches Vanguard's Information Technology ETF (VGT) in US tech sector exposure, focusing heavily on top large-cap stocks like NVIDIA, Apple, and Microsoft. FTEC charges a slightly lower expense ratio (0.084% vs. 0.09%) and has tracked returns nearly identically over various time frames. While FTEC is a better choice for new tax-advantaged accounts due to lower fees, existing VGT holders in taxable accounts should consider potential capital gains taxes before switching, as the tax cost may outweigh fee savings. Both funds carry similar risks from heavy concentration in a few mega-cap tech stocks.

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