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FCOM vs. FTEC
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Correlation

The correlation between FCOM and FTEC 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.


-0.50.00.51.0
Correlation: 0.8

Performance

FCOM vs. FTEC - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity MSCI Communication Services Index ETF (FCOM) and Fidelity MSCI Information Technology Index ETF (FTEC). The values are adjusted to include any dividend payments, if applicable.

200.00%300.00%400.00%500.00%600.00%700.00%800.00%NovemberDecember2025FebruaryMarchApril
175.39%
617.38%
FCOM
FTEC

Key characteristics

Sharpe Ratio

FCOM:

0.68

FTEC:

0.39

Sortino Ratio

FCOM:

1.06

FTEC:

0.74

Omega Ratio

FCOM:

1.15

FTEC:

1.10

Calmar Ratio

FCOM:

0.69

FTEC:

0.43

Martin Ratio

FCOM:

2.55

FTEC:

1.48

Ulcer Index

FCOM:

5.73%

FTEC:

7.84%

Daily Std Dev

FCOM:

21.40%

FTEC:

30.21%

Max Drawdown

FCOM:

-46.76%

FTEC:

-34.95%

Current Drawdown

FCOM:

-14.34%

FTEC:

-16.69%

Returns By Period

In the year-to-date period, FCOM achieves a -6.42% return, which is significantly higher than FTEC's -13.22% return. Over the past 10 years, FCOM has underperformed FTEC with an annualized return of 9.11%, while FTEC has yielded a comparatively higher 18.24% annualized return.


FCOM

YTD

-6.42%

1M

-7.31%

6M

-0.13%

1Y

12.71%

5Y*

12.40%

10Y*

9.11%

FTEC

YTD

-13.22%

1M

-6.67%

6M

-9.84%

1Y

9.41%

5Y*

19.28%

10Y*

18.24%

*Annualized

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FCOM vs. FTEC - Expense Ratio Comparison

Both FCOM and FTEC have an expense ratio of 0.08%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.


Expense ratio chart for FCOM: current value is 0.08%, compared with the broader market range of 0.00% to 2.12%.0.50%1.00%1.50%2.00%
FCOM: 0.08%
Expense ratio chart for FTEC: current value is 0.08%, compared with the broader market range of 0.00% to 2.12%.0.50%1.00%1.50%2.00%
FTEC: 0.08%

Risk-Adjusted Performance

FCOM vs. FTEC — Risk-Adjusted Performance Rank

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

FCOM
The Risk-Adjusted Performance Rank of FCOM is 7070
Overall Rank
The Sharpe Ratio Rank of FCOM is 6969
Sharpe Ratio Rank
The Sortino Ratio Rank of FCOM is 6969
Sortino Ratio Rank
The Omega Ratio Rank of FCOM is 7070
Omega Ratio Rank
The Calmar Ratio Rank of FCOM is 7575
Calmar Ratio Rank
The Martin Ratio Rank of FCOM is 6969
Martin Ratio Rank

FTEC
The Risk-Adjusted Performance Rank of FTEC is 5454
Overall Rank
The Sharpe Ratio Rank of FTEC is 5151
Sharpe Ratio Rank
The Sortino Ratio Rank of FTEC is 5656
Sortino Ratio Rank
The Omega Ratio Rank of FTEC is 5454
Omega Ratio Rank
The Calmar Ratio Rank of FTEC is 5959
Calmar Ratio Rank
The Martin Ratio Rank of FTEC is 5353
Martin Ratio Rank
The risk-adjusted ranks indicate the investment's position relative to the market. A rank closer to 100 signifies top-performing investments, while a rank closer to 0 might suggest underperformance, based on the selected ratio. The values are calculated based on the past 12 months of returns.

FCOM vs. FTEC - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity MSCI Communication Services Index ETF (FCOM) and Fidelity MSCI Information Technology Index ETF (FTEC). 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.


The chart of Sharpe ratio for FCOM, currently valued at 0.68, compared to the broader market-1.000.001.002.003.004.005.00
FCOM: 0.68
FTEC: 0.39
The chart of Sortino ratio for FCOM, currently valued at 1.06, compared to the broader market-2.000.002.004.006.008.00
FCOM: 1.06
FTEC: 0.74
The chart of Omega ratio for FCOM, currently valued at 1.15, compared to the broader market0.501.001.502.002.50
FCOM: 1.15
FTEC: 1.10
The chart of Calmar ratio for FCOM, currently valued at 0.69, compared to the broader market0.002.004.006.008.0010.0012.00
FCOM: 0.69
FTEC: 0.43
The chart of Martin ratio for FCOM, currently valued at 2.55, compared to the broader market0.0020.0040.0060.00
FCOM: 2.55
FTEC: 1.48

The current FCOM Sharpe Ratio is 0.68, which is higher than the FTEC Sharpe Ratio of 0.39. The chart below compares the historical Sharpe Ratios of FCOM and FTEC, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.


Rolling 12-month Sharpe Ratio0.001.002.003.00NovemberDecember2025FebruaryMarchApril
0.68
0.39
FCOM
FTEC

Dividends

FCOM vs. FTEC - Dividend Comparison

FCOM's dividend yield for the trailing twelve months is around 0.99%, more than FTEC's 0.56% yield.


TTM20242023202220212020201920182017201620152014
FCOM
Fidelity MSCI Communication Services Index ETF
0.99%0.87%0.77%1.04%0.90%0.68%0.86%2.78%7.54%2.25%2.92%2.69%
FTEC
Fidelity MSCI Information Technology Index ETF
0.56%0.49%0.77%0.93%0.63%0.83%1.03%1.20%0.96%1.25%1.27%1.09%

Drawdowns

FCOM vs. FTEC - Drawdown Comparison

The maximum FCOM drawdown since its inception was -46.76%, which is greater than FTEC's maximum drawdown of -34.95%. Use the drawdown chart below to compare losses from any high point for FCOM and FTEC. For additional features, visit the drawdowns tool.


-25.00%-20.00%-15.00%-10.00%-5.00%0.00%NovemberDecember2025FebruaryMarchApril
-14.34%
-16.69%
FCOM
FTEC

Volatility

FCOM vs. FTEC - Volatility Comparison

The current volatility for Fidelity MSCI Communication Services Index ETF (FCOM) is 14.27%, while Fidelity MSCI Information Technology Index ETF (FTEC) has a volatility of 19.51%. This indicates that FCOM experiences smaller price fluctuations and is considered to be less risky than FTEC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


5.00%10.00%15.00%20.00%NovemberDecember2025FebruaryMarchApril
14.27%
19.51%
FCOM
FTEC