FTEC’s worst drop since 2013 was 35%
Fidelity MSCI Information Technology ETF (FTEC) fell 35% from Dec 2021 to Oct 2022. It took 1.9 years from that peak to close at a new high, in Nov 2023. Over the same years the S&P 500 fell as much as 34%.
That drop is milder than most. It ranks 146th of the 203 ETFs PortfolioAutopsy tracks, counted from the deepest.
Drawdown from the last high, 2013 to now
How FTEC held up in each crash
| Crash | Years | FTEC | S&P 500 |
|---|---|---|---|
| Dot-com bust | 2000–02 | not trading yet | −47.5% |
| Financial crisis | 2007–09 | not trading yet | −55.2% |
| COVID crash | 2020 | −31.9% | −33.7% |
| 2022 rate shock | 2022 | −34.4% | −24.5% |
Each number is the deepest fall from a high inside that window, using daily prices with dividends reinvested.
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What was FTEC’s maximum drawdown?
FTEC’s deepest fall since 2013 was 35.0%, from its high on December 27, 2021 to its low on October 14, 2022. The figure uses daily prices with dividends reinvested.
How long did FTEC take to recover?
1.9 years. FTEC first closed above its Dec 2021 high again on November 20, 2023.
Was FTEC riskier than the S&P 500?
Over the same years, FTEC’s worst drop was 35.0% against 33.7% for the S&P 500 (SPY), and its worst 12 months were −32.2% against −19.7%.
Compare with
Daily adjusted closes from Yahoo Finance, October 25, 2013 through October 13, 2026, dividends reinvested. Historical facts, not a forecast and not investment advice.