FTEC Fidelity MSCI Information Technology Index ETF
TREND FOLLOWING PERFORMANCE HISTORY
2026-05-31
Executive Summary
The quantitative backtest for FTEC (Fidelity MSCI Information Technology Index ETF) using the Excess Return MMA CA* strategy in a Investing context demonstrated its primary role in risk mitigation, experiencing a maximum drawdown of -28.7% (compared to the benchmark's drawdown of -35.0%). Over the evaluated period, this protective approach generated a Compound Annual Growth Rate (CAGR) of 19.0%, compared to a Buy-and-Hold benchmark return of 24.0%. The strategy executed 40 total trades.
* Excess Return MMA CA: Multi-Moving Average (Triple-Band) model utilizing sophisticated long/short cross durations optimized against volatility, with a month-end dynamic Cash Alternative sleeve rotation.
* Excess Return MMA CA: Multi-Moving Average (Triple-Band) model utilizing sophisticated long/short cross durations optimized against volatility, with a month-end dynamic Cash Alternative sleeve rotation.
📊 Mathematical Model
Excess Return MMA
Advanced Ensemble: Uses multiple signal layers for maximum trend stability and noise reduction.
Excess Return MMA CA Active
Advanced Dynamic Sleeve: MMA ensemble signals on the primary asset combined with a momentum-based cash alternative ETF rotation.
Excess Return SMA
Standard Signal: Classical quantitative trend following optimized for reliable directionality.
Moving Average (50/200)
Moving Average: The baseline 50/200-day crossover model used by technical analysts worldwide.
FTEC Quality Metrics & KPI Summary
| Metric | 1Y | 5Y | 10Y | Full History | ||||
|---|---|---|---|---|---|---|---|---|
| Strategy | B&H | Strategy | B&H | Strategy | B&H | Strategy | B&H | |
| CAGR | 32.65% | 60.39% | 12.88% | 22.31% | 20.44% | 25.24% | 19.02% | 24.01% |
| Sharpe Ratio | 1.60 | 2.32 | 0.65 | 0.80 | 0.98 | 0.91 | 0.94 | 0.88 |
| Max Drawdown | -13.21% | -16.26% | -28.68% | -34.95% | -28.68% | -34.95% | -28.68% | -34.95% |
| % Time Invested | 97.2% | 100.0% | 88.2% | 100.0% | 93.5% | 100.0% | 93.3% | 100.0% |
| Trades / Year | 2.0 | 0.0 | 4.0 | 0.0 | 3.3 | 0.0 | 3.8 | 0.0 |
Cumulative Growth Performance
Return Distribution Analysis
Trade History
This log shows every signal-driven transition. Completed trades reflect standard market cycles. An Open / Mark-to-Market exit denotes a position currently held active, valued at the latest price. Interest entries record cash yields accrued during out-of-market periods.
| Entry Date | Exit Date | Type | Allocation | Entry Price | Exit Price | Net Return % | Exit Reason |
|---|---|---|---|---|---|---|---|
| 2026-04-23 | Open | Open | 33.33% | $244.10 | $289.25 | 18.50% | Mark-to-Market |
| 2026-04-22 | Open | Open | 33.33% | $243.31 | $289.25 | 18.88% | Mark-to-Market |
| 2026-04-10 | Open | Open | 33.33% | $221.35 | $289.25 | 30.68% | Mark-to-Market |
| 2026-03-31 | 2026-04-23 | Interest (BIL) | 33.33% | $1.00 | $1.00 | 0.21% | Interest Income |
| 2026-03-30 | 2026-04-22 | Interest (BIL) | 33.33% | $1.00 | $1.00 | 0.22% | Interest Income |
| 2026-03-06 | 2026-04-10 | Interest (BIL) | 33.33% | $1.00 | $1.00 | 0.33% | Interest Income |
| 2025-05-01 | 2026-03-31 | Completed | 33.33% | $166.48 | $201.95 | 21.31% | Stop |
| 2025-09-05 | 2026-03-30 | Completed | 33.33% | $208.82 | $205.16 | -1.75% | Stop |
| 2025-07-07 | 2026-03-06 | Completed | 33.33% | $198.95 | $215.05 | 8.09% | Signal |
| 2025-06-09 | 2025-09-05 | Interest (FLOT) | 33.33% | $1.00 | $1.01 | 1.34% | Interest Income |
| 2025-06-03 | 2025-07-07 | Interest (FLOT) | 33.33% | $1.00 | $1.01 | 0.58% | Interest Income |
| 2025-04-30 | 2025-06-09 | Completed | 33.33% | $159.17 | $186.41 | 17.11% | Signal |
| 2025-05-02 | 2025-06-02 | Interest (SHV) | 33.33% | $1.00 | $1.00 | 0.32% | Interest Income |
| 2025-04-08 | 2025-05-01 | Interest (FLOT) | 33.33% | $1.00 | $1.01 | 1.21% | Interest Income |
| 2025-03-10 | 2025-05-01 | Interest (FLOT) | 33.33% | $1.00 | $1.00 | 0.31% | Interest Income |
| 2025-04-07 | 2025-04-30 | Interest (FLOT) | 33.33% | $1.00 | $1.02 | 1.64% | Interest Income |
| 2025-04-02 | 2025-04-08 | Completed | 33.33% | $159.55 | $147.86 | -7.33% | Stop |
| 2025-04-01 | 2025-04-07 | Completed | 33.33% | $159.84 | $135.32 | -15.34% | Stop |
| 2025-03-11 | 2025-04-02 | Interest (FLOT) | 33.33% | $1.00 | $1.00 | 0.29% | Interest Income |
| 2025-03-10 | 2025-04-01 | Interest (FLOT) | 33.33% | $1.00 | $1.00 | 0.18% | Interest Income |
| 2024-08-28 | 2025-03-11 | Completed | 33.33% | $169.79 | $161.96 | -4.61% | Stop |
| 2024-08-27 | 2025-03-10 | Completed | 33.33% | $168.31 | $166.76 | -0.92% | Stop |
| 2024-08-27 | 2025-03-10 | Completed | 33.33% | $168.31 | $166.76 | -0.92% | Stop |
| 2024-08-06 | 2024-08-28 | Interest (SHV) | 33.33% | $1.00 | $1.00 | 0.32% | Interest Income |
| 2024-08-05 | 2024-08-27 | Interest (SHV) | 33.33% | $1.00 | $1.00 | 0.30% | Interest Income |
| 2024-08-05 | 2024-08-27 | Interest (SHV) | 33.33% | $1.00 | $1.00 | 0.30% | Interest Income |
| 2023-01-18 | 2024-08-06 | Completed | 33.33% | $98.49 | $153.26 | 55.61% | Stop |
| 2023-12-18 | 2024-08-05 | Completed | 33.33% | $141.11 | $146.23 | 3.63% | Stop |
| 2023-01-18 | 2024-08-05 | Completed | 33.33% | $98.49 | $146.23 | 48.47% | Stop |
| 2023-11-02 | 2023-12-18 | Interest (FLOT) | 33.33% | $1.00 | $1.01 | 0.76% | Interest Income |
| 2023-01-18 | 2023-11-02 | Completed | 33.33% | $98.49 | $123.00 | 24.88% | Signal |
| 2022-12-02 | 2023-01-18 | Interest (FLOT) | 33.33% | $1.00 | $1.01 | 0.86% | Interest Income |
| 2022-12-02 | 2023-01-18 | Interest (FLOT) | 33.33% | $1.00 | $1.01 | 0.86% | Interest Income |
| 2022-12-02 | 2023-01-18 | Interest (FLOT) | 33.33% | $1.00 | $1.01 | 0.86% | Interest Income |
| 2022-11-02 | 2022-12-01 | Interest (BIL) | 33.33% | $1.00 | $1.00 | 0.33% | Interest Income |
| 2022-10-26 | 2022-12-01 | Interest (BIL) | 33.33% | $1.00 | $1.00 | 0.38% | Interest Income |
| 2022-10-04 | 2022-12-01 | Interest (BIL) | 33.33% | $1.00 | $1.01 | 0.52% | Interest Income |
| 2022-10-11 | 2022-11-02 | Completed | 33.33% | $88.30 | $94.63 | 7.17% | Signal |
| 2022-10-11 | 2022-10-26 | Completed | 33.33% | $88.30 | $93.65 | 6.06% | Signal |
| 2022-10-04 | 2022-10-11 | Interest (BIL) | 33.33% | $1.00 | $1.00 | 0.07% | Interest Income |
| 2022-10-04 | 2022-10-11 | Interest (BIL) | 33.33% | $1.00 | $1.00 | 0.07% | Interest Income |
| 2022-09-19 | 2022-10-03 | Interest (FLOT) | 33.33% | $1.00 | $1.00 | -0.17% | Interest Income |
| 2022-09-02 | 2022-10-03 | Interest (FLOT) | 33.33% | $1.00 | $1.00 | -0.05% | Interest Income |
| 2022-09-02 | 2022-10-03 | Interest (FLOT) | 33.33% | $1.00 | $1.00 | -0.05% | Interest Income |
| 2022-06-01 | 2022-09-19 | Completed | 33.33% | $105.04 | $95.04 | -9.52% | Stop |
| 2022-05-19 | 2022-09-01 | Interest (BIL) | 33.33% | $1.00 | $1.00 | 0.34% | Interest Income |
| 2022-03-14 | 2022-09-01 | Interest (BIL) | 33.33% | $1.00 | $1.00 | 0.37% | Interest Income |
| 2022-05-09 | 2022-06-01 | Interest (BIL) | 33.33% | $1.00 | $1.00 | 0.01% | Interest Income |
| 2022-05-17 | 2022-05-19 | Completed | 33.33% | $101.81 | $97.14 | -4.58% | Signal |
| 2022-04-25 | 2022-05-17 | Interest (BIL) | 33.33% | $1.00 | $1.00 | 0.02% | Interest Income |
| 2022-02-16 | 2022-05-09 | Completed | 33.33% | $119.07 | $102.47 | -13.94% | Stop |
| 2022-02-15 | 2022-04-25 | Completed | 33.33% | $118.26 | $106.81 | -9.68% | Stop |
| 2022-02-15 | 2022-03-14 | Completed | 33.33% | $118.26 | $107.22 | -9.34% | Signal |
| 2022-01-25 | 2022-02-16 | Interest (FLOT) | 33.33% | $1.00 | $1.00 | 0.03% | Interest Income |
| 2022-01-24 | 2022-02-15 | Interest (FLOT) | 33.33% | $1.00 | $1.00 | 0.05% | Interest Income |
| 2022-01-24 | 2022-02-15 | Interest (FLOT) | 33.33% | $1.00 | $1.00 | 0.05% | Interest Income |
| 2020-03-24 | 2022-01-25 | Completed | 33.33% | $55.75 | $114.11 | 104.68% | Stop |
| 2020-10-13 | 2022-01-24 | Completed | 33.33% | $94.65 | $113.52 | 19.94% | Stop |
| 2020-10-13 | 2022-01-24 | Completed | 33.33% | $94.65 | $113.52 | 19.94% | Stop |
| 2020-09-21 | 2020-10-13 | Interest (FLOT) | 33.33% | $1.00 | $1.00 | 0.00% | Interest Income |
| 2020-09-21 | 2020-10-13 | Interest (FLOT) | 33.33% | $1.00 | $1.00 | 0.00% | Interest Income |
| 2020-06-18 | 2020-09-21 | Completed | 33.33% | $77.20 | $83.09 | 7.63% | Stop |
| 2020-03-23 | 2020-09-21 | Completed | 33.33% | $52.79 | $83.09 | 57.40% | Stop |
| 2020-06-02 | 2020-06-18 | Interest (FLOT) | 33.33% | $1.00 | $1.00 | 0.38% | Interest Income |
| 2020-05-01 | 2020-06-01 | Interest (SHV) | 33.33% | $1.00 | $1.00 | -0.02% | Interest Income |
| 2020-03-23 | 2020-05-01 | Completed | 33.33% | $52.79 | $66.98 | 26.88% | Signal |
| 2020-03-03 | 2020-03-24 | Interest (SHV) | 33.33% | $1.00 | $1.00 | 0.36% | Interest Income |
| 2020-03-03 | 2020-03-23 | Interest (SHV) | 33.33% | $1.00 | $1.00 | 0.39% | Interest Income |
| 2020-03-03 | 2020-03-23 | Interest (SHV) | 33.33% | $1.00 | $1.00 | 0.39% | Interest Income |
| 2020-03-02 | 2020-03-02 | Interest (FLOT) | 33.33% | $1.00 | $1.00 | 0.05% | Interest Income |
| 2020-02-28 | 2020-03-02 | Interest (FLOT) | 33.33% | $1.00 | $1.00 | -0.09% | Interest Income |
| 2020-02-28 | 2020-03-02 | Interest (FLOT) | 33.33% | $1.00 | $1.00 | -0.09% | Interest Income |
| 2018-12-17 | 2020-03-02 | Completed | 33.33% | $47.97 | $67.49 | 40.67% | Stop |
| 2019-02-27 | 2020-02-28 | Completed | 33.33% | $53.90 | $63.37 | 17.57% | Stop |
| 2019-02-20 | 2020-02-28 | Completed | 33.33% | $53.02 | $63.37 | 19.53% | Stop |
| 2019-02-04 | 2019-02-27 | Interest (SHV) | 33.33% | $1.00 | $1.00 | 0.13% | Interest Income |
| 2018-12-04 | 2019-02-20 | Interest (SHV) | 33.33% | $1.00 | $1.01 | 0.54% | Interest Income |
| 2019-01-16 | 2019-02-04 | Completed | 33.33% | $48.20 | $50.63 | 5.05% | Signal |
| 2018-12-21 | 2019-01-16 | Interest (SHV) | 33.33% | $1.00 | $1.00 | 0.18% | Interest Income |
| 2018-11-21 | 2018-12-21 | Completed | 33.33% | $48.40 | $45.74 | -5.49% | Stop |
| 2018-12-04 | 2018-12-17 | Interest (SHV) | 33.33% | $1.00 | $1.00 | 0.08% | Interest Income |
| 2018-11-26 | 2018-12-03 | Interest (BIL) | 33.33% | $1.00 | $1.00 | 0.04% | Interest Income |
| 2018-11-21 | 2018-12-03 | Interest (BIL) | 33.33% | $1.00 | $1.00 | 0.06% | Interest Income |
| 2018-11-21 | 2018-11-26 | Completed | 33.33% | $48.40 | $48.39 | -0.02% | Signal |
| 2018-11-02 | 2018-11-21 | Interest (BIL) | 33.33% | $1.00 | $1.00 | 0.10% | Interest Income |
| 2018-11-02 | 2018-11-21 | Interest (BIL) | 33.33% | $1.00 | $1.00 | 0.10% | Interest Income |
| 2016-02-12 | 2018-11-21 | Completed | 33.33% | $26.39 | $48.40 | 83.39% | Stop |
| 2018-10-30 | 2018-11-01 | Interest (FLOT) | 33.33% | $1.00 | $1.00 | 0.01% | Interest Income |
| 2018-10-30 | 2018-11-01 | Interest (FLOT) | 33.33% | $1.00 | $1.00 | 0.01% | Interest Income |
| 2016-07-14 | 2018-10-30 | Completed | 33.33% | $31.00 | $49.41 | 59.40% | Stop |
| 2016-03-23 | 2018-10-30 | Completed | 33.33% | $29.91 | $49.41 | 65.20% | Stop |
| 2016-05-06 | 2016-07-14 | Interest (FLOT) | 33.33% | $1.00 | $1.00 | 0.43% | Interest Income |
| 2016-03-22 | 2016-05-06 | Completed | 33.33% | $29.73 | $28.71 | -3.41% | Signal |
| 2016-03-02 | 2016-03-23 | Interest (BIL) | 33.33% | $1.00 | $1.00 | 0.00% | Interest Income |
| 2016-03-02 | 2016-03-22 | Interest (BIL) | 33.33% | $1.00 | $1.00 | 0.00% | Interest Income |
| 2016-03-01 | 2016-03-01 | Interest (SHV) | 33.33% | $1.00 | $1.00 | -0.05% | Interest Income |
| 2016-02-10 | 2016-03-01 | Completed | 33.33% | $26.39 | $28.24 | 7.00% | Signal |
| 2016-02-02 | 2016-03-01 | Interest (SHV) | 33.33% | $1.00 | $1.00 | 0.01% | Interest Income |
| 2016-02-02 | 2016-02-12 | Interest (SHV) | 33.33% | $1.00 | $1.00 | 0.04% | Interest Income |
| 2016-02-02 | 2016-02-10 | Interest (SHV) | 33.33% | $1.00 | $1.00 | 0.04% | Interest Income |
| 2016-01-21 | 2016-02-01 | Interest (FLOT) | 33.33% | $1.00 | $1.00 | 0.11% | Interest Income |
| 2016-01-19 | 2016-02-01 | Interest (FLOT) | 33.33% | $1.00 | $1.00 | -0.03% | Interest Income |
| 2016-01-07 | 2016-02-01 | Interest (FLOT) | 33.33% | $1.00 | $1.00 | -0.07% | Interest Income |
| 2015-10-20 | 2016-01-21 | Completed | 33.33% | $29.41 | $27.10 | -7.85% | Stop |
| 2015-11-30 | 2016-01-19 | Completed | 33.33% | $30.93 | $27.47 | -11.20% | Stop |
| 2015-10-20 | 2016-01-07 | Completed | 33.33% | $29.41 | $28.38 | -3.49% | Signal |
| 2015-11-03 | 2015-11-30 | Interest (FLOT) | 33.33% | $1.00 | $1.00 | 0.06% | Interest Income |
| 2015-10-16 | 2015-11-02 | Interest (SHV) | 33.33% | $1.00 | $1.00 | -0.06% | Interest Income |
| 2015-10-16 | 2015-10-20 | Interest (SHV) | 33.33% | $1.00 | $1.00 | -0.01% | Interest Income |
| 2015-10-16 | 2015-10-20 | Interest (SHV) | 33.33% | $1.00 | $1.00 | -0.01% | Interest Income |