Fidelity MSCI Information Technology Index ETF (NYSE:FTEC) has outperformed the market over the past 20 years by 1.09% on an annualized basis producing an average annual return of 10.27%. Currently, Fidelity MSCI Information Technology Index ETF has a market capitalization of $19.51 billion.

Buying $100 In FTEC: If an investor had bought $100 of FTEC stock 20 years ago, it would be worth $711.32 today based on a price of $267.67 for FTEC at the time of writing.

Fidelity MSCI Information Technology Index ETF's Performance Over Last 20 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.

Disclaimer:This article represents the opinion of the author only. It does not represent the opinion of Webull, nor should it be viewed as an indication that Webull either agrees with or confirms the truthfulness or accuracy of the information. It should not be considered as investment advice from Webull or anyone else, nor should it be used as the basis of any investment decision.