FCOM vs. DIA

Last updated Jun 14, 2026

FCOM (Fidelity MSCI Communication Services Index ETF) and DIA (State Street SPDR Dow Jones Industrial Average ETF Trust) are both exchange-traded funds - FCOM is a Large Cap Growth Equities fund tracking the MSCI USA IMI Telecommunication Services 25/50 Index, while DIA is a Large Cap Blend Equities fund tracking the Dow Jones Industrial Average. Both are passively managed. Over the past 10 years, FCOM returned 11.60%/yr vs 13.40%/yr for DIA. A 0.67 correlation means they provide meaningful diversification when combined. FCOM charges 0.08%/yr vs 0.16%/yr for DIA.

Performance

FCOM vs. DIA - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity MSCI Communication Services Index ETF (FCOM) and State Street SPDR Dow Jones Industrial Average ETF Trust (DIA). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, FCOM achieves a -3.17% return, which is significantly lower than DIA's 7.27% return. Over the past 10 years, FCOM has underperformed DIA with an annualized return of 11.60%, while DIA has yielded a comparatively higher 13.40% annualized return.

FCOM

• 1D: 0.08%
• 1M: -5.25%
• YTD: -3.17%
• 6M: -1.90%
• 1Y: 16.02%
• 3Y*: 22.19%
• 5Y*: 6.79%
• 10Y*: 11.60%

DIA

• 1D: 0.73%
• 1M: 2.50%
• YTD: 7.27%
• 6M: 6.43%
• 1Y: 23.20%
• 3Y*: 16.29%
• 5Y*: 10.14%
• 10Y*: 13.40%

*Multi-year figures are annualized to reflect compound growth (CAGR)

FCOM vs. DIA - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
FCOM Fidelity MSCI Communication Services Index ETF	-3.17%	26.06%	33.05%	44.65%	-38.97%	13.88%	28.33%	26.69%	-5.33%	8.20%
DIA State Street SPDR Dow Jones Industrial Average ETF Trust	7.27%	14.71%	14.82%	16.02%	-7.02%	20.83%	9.59%	24.70%	-3.74%	28.08%

Correlation

The correlation between FCOM and DIA is 0.61, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.61
Correlation (3Y) Calculated over the trailing 3-year period	0.60
Correlation (5Y) Calculated over the trailing 5-year period	0.69
Correlation (10Y) Calculated over the trailing 10-year period	0.66
Correlation (All Time) Calculated using the full available price history since Oct 24, 2013	0.67

The correlation between FCOM and DIA has been stable across timeframes, ranging from 0.60 to 0.69 - a consistent structural relationship.

FCOM vs. DIA - Sectors Allocation Comparison

Sectors	FCOM	DIA
Communication Services	98.0%	1.8%
Technology	1.7%	19.1%
Consumer Cyclical	0.2%	11.0%
Real Estate	0.1%	-
Basic Materials	-	3.7%
Consumer Defensive	-	4.1%
Energy	-	2.2%
Financial Services	-	27.3%
Healthcare	-	12.8%
Industrials	-	18.1%
Utilities	-	-

Return for Risk

FCOM vs. DIA — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

FCOM

FCOM Risk / Return Rank: 30
FCOM Sharpe Ratio Rank: 30
FCOM Sortino Ratio Rank: 31
FCOM Omega Ratio Rank: 29
FCOM Calmar Ratio Rank: 26
FCOM Martin Ratio Rank: 31

DIA

DIA Risk / Return Rank: 55
DIA Sharpe Ratio Rank: 57
DIA Sortino Ratio Rank: 60
DIA Omega Ratio Rank: 55
DIA Calmar Ratio Rank: 49
DIA Martin Ratio Rank: 55

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

FCOM vs. DIA - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity MSCI Communication Services Index ETF (FCOM) and State Street SPDR Dow Jones Industrial Average ETF Trust (DIA). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

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.

	FCOM	DIA	Difference
Sharpe ratio: Return per unit of total volatility	0.97	1.69	-0.72
Sortino ratio: Return per unit of downside risk	1.49	2.46	-0.97
Omega ratio: Gain probability vs. loss probability	1.18	1.30	-0.12
Calmar ratio: Return relative to maximum drawdown	1.11	2.16	-1.05
Martin ratio: Return relative to average drawdown	4.05	8.35	-4.30

FCOM vs. DIA - Sharpe Ratio Comparison

The current FCOM Sharpe Ratio is 0.97, which is lower than the DIA Sharpe Ratio of 1.69. The chart below compares the historical Sharpe Ratios of FCOM and DIA, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

FCOM vs. DIA - Drawdown Comparison

The maximum FCOM drawdown since its inception was -46.76%, smaller than the maximum DIA drawdown of -51.87%. Use the drawdown chart below to compare losses from any high point for FCOM and DIA.

Drawdown Indicators

	FCOM	DIA	Difference
Max Drawdown Largest peak-to-trough decline	-46.76%	-51.87%	+5.11%
Max Drawdown (1Y) Largest decline over 1 year	-13.48%	-9.76%	-3.72%
Max Drawdown (3Y) Largest decline over 3 years	-21.16%	-15.95%	-5.21%
Max Drawdown (5Y) Largest decline over 5 years	-46.76%	-20.76%	-26.00%
Max Drawdown (10Y) Largest decline over 10 years	-46.76%	-36.70%	-10.06%
Current Drawdown Current decline from peak	-6.40%	-0.70%	-5.70%
Average Drawdown Average peak-to-trough decline	-8.66%	-7.14%	-1.52%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.68%	2.53%	+1.15%

Volatility

FCOM vs. DIA - Volatility Comparison

The current volatility for Fidelity MSCI Communication Services Index ETF (FCOM) is 4.08%, while State Street SPDR Dow Jones Industrial Average ETF Trust (DIA) has a volatility of 4.32%. This indicates that FCOM experiences smaller price fluctuations and is considered to be less risky than DIA based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FCOM	DIA	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.08%	4.32%	-0.24%
Volatility (6M) Calculated over the trailing 6-month period	11.19%	9.78%	+1.41%
Volatility (1Y) Calculated over the trailing 1-year period	15.43%	12.52%	+2.91%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	21.19%	14.85%	+6.34%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	20.96%	17.56%	+3.40%

FCOM vs. DIA - Expense Ratio Comparison

FCOM has a 0.08% expense ratio, which is lower than DIA's 0.16% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.

Dividends

FCOM vs. DIA - Dividend Comparison

FCOM's dividend yield for the trailing twelve months is around 0.96%, less than DIA's 1.37% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
DIA State Street SPDR Dow Jones Industrial Average ETF Trust	1.37%	1.43%	1.61%	1.81%	1.91%	1.58%	1.87%	1.85%	2.24%	1.97%	2.26%	2.33%
FCOM Fidelity MSCI Communication Services Index ETF	0.96%	0.88%	0.87%	0.77%	1.04%	0.90%	0.68%	0.86%	2.78%	11.70%	2.27%	2.92%

Frequently Asked Questions

Can I hold both FCOM and DIA in my portfolio?

FCOM and DIA have a correlation of 0.61, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, FCOM or DIA?

DIA has higher volatility (4.32%) compared to FCOM (4.08%). In terms of maximum drawdown, FCOM dropped -46.76% vs DIA's -51.87%.

Which ETF is better, FCOM or DIA?

On 10-year performance, DIA leads with 13.40% vs 11.60% for FCOM. On fees, FCOM is cheaper at 0.08% per year. On volatility, FCOM has been the lower-risk option at 4.08%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, FCOM or DIA?

Over the 10-year period, DIA has performed better with a 13.40% return vs 11.60%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, FCOM or DIA?

FCOM is cheaper with a 0.08% expense ratio, compared with 0.16% for DIA.

Which ETF pays a higher dividend yield, FCOM or DIA?

DIA has the higher dividend yield at 1.37%, compared with 0.96% for FCOM.

What is the main difference between FCOM and DIA?

FCOM is categorized as Large Cap Growth Equities, while DIA is Large Cap Blend Equities. FCOM tracks MSCI USA IMI Telecommunication Services 25/50 Index, while DIA tracks Dow Jones Industrial Average. They also come from different issuers: Fidelity and State Street. Their fees differ too: 0.08% for FCOM and 0.16% for DIA.

Which has better risk-adjusted returns?

DIA currently has the higher Sharpe Ratio (1.69 vs 0.97), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.