Core Insights - The Vanguard Information Technology ETF (VGT) and the Fidelity MSCI Information Technology ETF (FTEC) provide similar exposure to the U.S. technology sector, but differ in scale and trading flexibility [1][2][9]. Summary by Category Cost and Size - VGT has an expense ratio of 0.09%, while FTEC is slightly lower at 0.08% [3] - As of December 11, 2025, VGT's one-year return is 23.06% compared to FTEC's 23.31% [3] - VGT has a significantly larger AUM of $130 billion compared to FTEC's $16.7 billion [3][9] Performance and Risk - Over five years, the max drawdown for FTEC is -34.95% and for VGT is -35.08% [4] - A $1,000 investment would grow to $2,313 in FTEC and $2,292 in VGT over five years [4] Portfolio Holdings - VGT holds 314 stocks with top positions in Nvidia (18.18%), Apple (14.29%), and Microsoft (12.93%) [5] - FTEC has 289 stocks with Nvidia (16.61%), Apple (15.31%), and Microsoft (12.42%) as its largest holdings [6] Investor Considerations - Both ETFs offer similar dividend yields and have experienced comparable returns and volatility [8] - The primary differentiator is VGT's larger AUM, which may enhance liquidity for trading [10]

消息面上，德康农牧近日公布中期业绩，上半年实现营业收入116.95亿元，同比增长24.3%；公司生物 资产公允价值调整前利润为12.73亿元，同比增长250.6%。其中，生猪板块收入达人民币98.79亿元，同 比增长32.6%，生猪销量511.74万头，同比增长27.1%。 中金发布研报称，德康自发布24年年报后成长叙事认知度提升，流动性改善带动价值修复。我们测算近 期公司头均市值2623元/头，较行业龙头平均估值仍存一定提升空间。该行表示，考虑公司基本面成长 性延续及交易流动性改善，维持目标价111港元，维持"跑赢行业"评级。 智通财经APP获悉，德康农牧(02419)再涨超6%，截至发稿，涨4.85%，报88.65港元，成交额1.01亿港 元。 ...