$1000 Invested In Fidelity MSCI Information Technology Index ETF 5 Years Ago Would Be Worth This Much Today

Fidelity MSCI Information Technology Index ETF (NYSE:FTEC) has outperformed the market over the past 5 years by 3.47% on an annualized basis producing an average annual return of 15.8%. Currently, Fidelity MSCI Information Technology Index ETF has a market capitalization of $16.12 billion.

Buying $1000 In FTEC: If an investor had bought $1000 of FTEC stock 5 years ago, it would be worth $2,046.52 today based on a price of $222.60 for FTEC at the time of writing.

Fidelity MSCI Information Technology Index ETF's Performance Over Last 5 Years

Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time.

This article was generated by Benzinga's automated content engine and reviewed by an editor.