FCOM vs. FELC
Compare and contrast key facts about Fidelity MSCI Communication Services Index ETF (FCOM) and Fidelity Enhanced Large Cap Core ETF (FELC).
FCOM and FELC are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. FCOM is a passively managed fund by Fidelity that tracks the performance of the MSCI USA IMI Telecommunication Services 25/50 Index. It was launched on Oct 21, 2013. FELC is an actively managed fund by Fidelity. It was launched on Apr 19, 2007.
Performance
FCOM vs. FELC - Performance Comparison
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FCOM vs. FELC - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
FCOM Fidelity MSCI Communication Services Index ETF | -6.08% | 26.06% | 33.05% | 4.16% |
FELC Fidelity Enhanced Large Cap Core ETF | -3.95% | 17.09% | 25.25% | 5.68% |
Returns By Period
In the year-to-date period, FCOM achieves a -6.08% return, which is significantly lower than FELC's -3.95% return.
FCOM
- 1D
- 0.78%
- 1M
- -5.28%
- YTD
- -6.08%
- 6M
- -1.89%
- 1Y
- 22.46%
- 3Y*
- 24.49%
- 5Y*
- 7.43%
- 10Y*
- 11.09%
FELC
- 1D
- 0.80%
- 1M
- -4.23%
- YTD
- -3.95%
- 6M
- -1.59%
- 1Y
- 17.86%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
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FCOM vs. FELC - Expense Ratio Comparison
FCOM has a 0.08% expense ratio, which is lower than FELC's 0.18% 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%.
Return for Risk
FCOM vs. FELC — Risk / Return Rank
FCOM
FELC
FCOM vs. FELC - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity MSCI Communication Services Index ETF (FCOM) and Fidelity Enhanced Large Cap Core ETF (FELC). 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.
| FCOM | FELC | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.11 | 0.98 | +0.13 |
Sortino ratioReturn per unit of downside risk | 1.73 | 1.50 | +0.22 |
Omega ratioGain probability vs. loss probability | 1.24 | 1.23 | +0.01 |
Calmar ratioReturn relative to maximum drawdown | 1.72 | 1.53 | +0.19 |
Martin ratioReturn relative to average drawdown | 6.32 | 7.11 | -0.79 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| FCOM | FELC | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.11 | 0.98 | +0.13 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.35 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.53 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.55 | 1.20 | -0.65 |
Correlation
The correlation between FCOM and FELC is 0.76, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Dividends
FCOM vs. FELC - Dividend Comparison
FCOM's dividend yield for the trailing twelve months is around 0.99%, more than FELC's 0.98% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FCOM Fidelity MSCI Communication Services Index ETF | 0.99% | 0.88% | 0.87% | 0.77% | 1.04% | 0.90% | 0.68% | 0.86% | 2.78% | 11.70% | 2.27% | 2.92% |
FELC Fidelity Enhanced Large Cap Core ETF | 0.98% | 0.92% | 1.03% | 0.04% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
FCOM vs. FELC - Drawdown Comparison
The maximum FCOM drawdown since its inception was -46.76%, which is greater than FELC's maximum drawdown of -18.59%. Use the drawdown chart below to compare losses from any high point for FCOM and FELC.
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Drawdown Indicators
| FCOM | FELC | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -46.76% | -18.59% | -28.17% |
Max Drawdown (1Y)Largest decline over 1 year | -13.48% | -12.01% | -1.47% |
Max Drawdown (5Y)Largest decline over 5 years | -46.76% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -46.76% | — | — |
Current DrawdownCurrent decline from peak | -9.22% | -5.68% | -3.54% |
Average DrawdownAverage peak-to-trough decline | -8.74% | -1.99% | -6.75% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.67% | 2.59% | +1.08% |
Volatility
FCOM vs. FELC - Volatility Comparison
Fidelity MSCI Communication Services Index ETF (FCOM) has a higher volatility of 6.45% compared to Fidelity Enhanced Large Cap Core ETF (FELC) at 5.34%. This indicates that FCOM's price experiences larger fluctuations and is considered to be riskier than FELC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FCOM | FELC | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.45% | 5.34% | +1.11% |
Volatility (6M)Calculated over the trailing 6-month period | 11.61% | 9.62% | +1.99% |
Volatility (1Y)Calculated over the trailing 1-year period | 20.30% | 18.22% | +2.08% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.20% | 15.42% | +5.78% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.94% | 15.42% | +5.52% |