- ISIN
- US3160925018
- CUSIP
- 316092501
- Issuer
- Fidelity
- Inception Date
- Oct 21, 2013
- Region
- North America (U.S.)
- Category
- Financials Equities
- Leveraged
- 1x (No leverage)
- Index Tracked
- MSCI USA IMI Financials Index
- Distribution Policy
- Distributing
- Asset Class
- Equity
- Asset Class Size
- Large-Cap
- Asset Class Style
- Blend
- Assets Under Management
- $2B
Share Price Chart
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Performance
FNCL Performance Chart
Fidelity MSCI Financials Index ETF (FNCL) is up 0.2% since the beginning of the year. FNCL is currently trading at $77 per share. Investors who bought $1,000 worth of FNCL shares 5 years ago would now be looking at an investment worth $1,647.
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Returns By Period
Fidelity MSCI Financials Index ETF (FNCL) has returned 0.16% so far this year and 10.54% over the past 12 months. Over the last ten years, FNCL has had an annualized return of 13.27%, just under the S&P 500 Index benchmark’s 13.75%.
Fidelity MSCI Financials Index ETF
- 1D
- 1.48%
- 1M
- 6.38%
- YTD
- 0.16%
- 6M
- 0.55%
- 1Y
- 10.54%
- 3Y*
- 20.15%
- 5Y*
- 10.50%
- 10Y*
- 13.27%
Benchmark (S&P 500 Index)
- 1D
- -0.57%
- 1M
- 1.39%
- YTD
- 9.73%
- 6M
- 10.46%
- 1Y
- 24.50%
- 3Y*
- 19.43%
- 5Y*
- 12.21%
- 10Y*
- 13.75%
FNCL Monthly Returns History
Based on dividend-adjusted daily data since Oct 24, 2013, FNCL's average daily return is +0.05%, while the average monthly return is +1.04%. At this rate, an investment would double in approximately 5.6 years.
Historically, 58% of months were positive and 42% were negative. The best month was Nov 2020 with a return of +16.4%, while the worst month was Mar 2020 at -22.8%. The longest winning streak lasted 5 consecutive months, and the longest losing streak was 5 months.
On a daily basis, FNCL closed higher 53% of trading days. The best single day was Mar 13, 2020 with a return of +12.4%, while the worst single day was Mar 16, 2020 at -13.2%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | -1.96% | -4.08% | -3.42% | 5.98% | -1.20% | 5.31% | 0.16% | ||||||
| 2025 | 6.51% | 0.29% | -4.83% | -2.24% | 5.22% | 3.94% | 0.32% | 3.41% | -0.25% | -2.83% | 1.86% | 3.25% | 14.94% |
| 2024 | 1.94% | 4.10% | 5.00% | -4.55% | 3.25% | -0.60% | 7.02% | 3.58% | -0.17% | 2.86% | 11.62% | -5.94% | 30.44% |
| 2023 | 7.78% | -1.99% | -10.39% | 2.20% | -4.10% | 7.11% | 5.97% | -3.17% | -3.12% | -2.90% | 11.52% | 6.67% | 14.10% |
| 2022 | -0.48% | -1.33% | -0.89% | -10.27% | 3.64% | -10.81% | 7.48% | -1.92% | -7.90% | 12.09% | 6.03% | -5.83% | -12.28% |
| 2021 | -1.49% | 11.76% | 5.78% | 6.23% | 4.13% | -2.88% | -0.32% | 5.15% | -1.69% | 7.49% | -5.23% | 2.74% | 34.92% |
Benchmark Metrics
Fidelity MSCI Financials Index ETF has an annualized alpha of -0.34%, beta of 1.03, and R2 of 0.71 versus S&P 500 Index. Calculated based on daily prices since October 24, 2013.
- With beta of 1.03 and R2 of 0.71, this ETF moves broadly in line with S&P 500 Index - much of its variation is explained by market exposure rather than independent behavior.
- Alpha
- -0.34%
- Beta
- 1.03
- R²
- 0.71
- Upside Capture
- 98.33%
- Downside Capture
- 101.82%
Expense Ratio
FNCL has an expense ratio of 0.08%, which is considered low.
Return for Risk
Risk / Return Rank
FNCL ranks 19 for risk / return — in the bottom 19% of ETFs on our site. This means you're taking on significantly more risk than the returns justify. Consider whether the potential upside is worth the volatility, or explore alternatives with better risk / return profiles.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for Fidelity MSCI Financials Index ETF (FNCL) and compare them to S&P 500 Index.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| FNCL | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.27 | ||
| Sortino ratioReturn per unit of downside risk | -1.65 | ||
| Omega ratioGain probability vs. loss probability | 1.13 | 1.36 | -0.23 |
| Calmar ratioReturn relative to maximum drawdown | 0.72 | 2.71 | -1.99 |
| Martin ratioReturn relative to average drawdown | 1.87 | 12.15 | -10.29 |
Dividends
Dividend History
Fidelity MSCI Financials Index ETF provided a 1.59% dividend yield over the last twelve months, with an annual payout of $1.23 per share. The fund has been increasing its distributions for 2 consecutive years.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $1.23 | $1.13 | $1.05 | $1.02 | $1.10 | $0.98 | $0.95 | $0.96 | $0.82 | $0.65 | $0.63 | $0.61 |
Dividend yield | 1.59% | 1.45% | 1.52% | 1.91% | 2.29% | 1.75% | 2.26% | 2.17% | 2.37% | 1.60% | 1.81% | 2.17% |
Monthly Dividends
The table displays the monthly dividend distributions for Fidelity MSCI Financials Index ETF. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.00 | $0.00 | $0.40 | $0.00 | $0.00 | $0.00 | $0.40 | ||||||
| 2025 | $0.00 | $0.00 | $0.30 | $0.00 | $0.00 | $0.28 | $0.00 | $0.00 | $0.28 | $0.00 | $0.00 | $0.27 | $1.13 |
| 2024 | $0.00 | $0.00 | $0.26 | $0.00 | $0.00 | $0.25 | $0.00 | $0.00 | $0.27 | $0.00 | $0.00 | $0.27 | $1.05 |
| 2023 | $0.00 | $0.00 | $0.28 | $0.00 | $0.00 | $0.27 | $0.00 | $0.00 | $0.24 | $0.00 | $0.00 | $0.23 | $1.02 |
| 2022 | $0.00 | $0.00 | $0.27 | $0.00 | $0.00 | $0.28 | $0.00 | $0.00 | $0.28 | $0.00 | $0.00 | $0.27 | $1.10 |
| 2021 | $0.00 | $0.00 | $0.22 | $0.00 | $0.00 | $0.23 | $0.00 | $0.00 | $0.26 | $0.00 | $0.00 | $0.27 | $0.98 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
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Worst Drawdowns
The table below displays the maximum drawdowns of the Fidelity MSCI Financials Index ETF. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the Fidelity MSCI Financials Index ETF was 44.38%, occurring on Mar 23, 2020. Recovery took 201 trading sessions.
The current Fidelity MSCI Financials Index ETF drawdown is 2.89%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
COVID crash2020 | -44.38%Mar 2020 | 1mo 4d | 9mo 20d | 10mo 24dFeb 2020 - Jan 2021 |
Bear market2022 | -25.68%Sep 2022 | 8mo 20d | 1y 4mo | 2y 1moJan 2022 - Feb 2024 |
Rate-hike selloffLate 2018 | -24.27%Dec 2018 | 10mo 29d | 10mo 12d | 1y 9moJan 2018 - Nov 2019 |
2016 bear market2016 | -20.93%Feb 2016 | 6mo 23d | 6mo 21d | 1y 1moJul 2015 - Aug 2016 |
2025 selloff2025 | -17.29%Apr 2025 | 1mo 18d | 2mo 23d | 4mo 11dFeb 2025 - Jun 2025 |
Drawdown Indicators
| FNCL | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -44.38% | -56.78% | +12.40% |
Max Drawdown (1Y)Largest decline over 1 year | -14.78% | -9.10% | -5.68% |
Max Drawdown (3Y)Largest decline over 3 years | -17.29% | -18.90% | +1.61% |
Max Drawdown (5Y)Largest decline over 5 years | -25.68% | -25.43% | -0.25% |
Max Drawdown (10Y)Largest decline over 10 years | -44.38% | -33.92% | -10.46% |
Current DrawdownCurrent decline from peak | -2.89% | -1.29% | -1.60% |
Average DrawdownAverage peak-to-trough decline | -6.90% | -10.72% | +3.82% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.66% | 2.02% | +3.64% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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