FCOM vs. FXAIX
Compare and contrast key facts about Fidelity MSCI Communication Services Index ETF (FCOM) and Fidelity 500 Index Fund (FXAIX).
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. FXAIX is managed by Fidelity.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FCOM or FXAIX.
Key characteristics
FCOM | FXAIX | |
---|---|---|
YTD Return | 8.74% | 7.73% |
1Y Return | 30.36% | 24.62% |
3Y Return (Ann) | -1.91% | 8.66% |
5Y Return (Ann) | 8.47% | 13.75% |
10Y Return (Ann) | 8.72% | 12.69% |
Sharpe Ratio | 1.81 | 2.21 |
Daily Std Dev | 17.15% | 11.59% |
Max Drawdown | -46.76% | -33.79% |
Current Drawdown | -13.19% | -2.55% |
Correlation
The correlation between FCOM and FXAIX 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.
Performance
FCOM vs. FXAIX - Performance Comparison
In the year-to-date period, FCOM achieves a 8.74% return, which is significantly higher than FXAIX's 7.73% return. Over the past 10 years, FCOM has underperformed FXAIX with an annualized return of 8.72%, while FXAIX has yielded a comparatively higher 12.69% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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FCOM vs. FXAIX - Expense Ratio Comparison
FCOM has a 0.08% expense ratio, which is higher than FXAIX's 0.02% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Risk-Adjusted Performance
FCOM vs. FXAIX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity MSCI Communication Services Index ETF (FCOM) and Fidelity 500 Index Fund (FXAIX). 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.
Dividends
FCOM vs. FXAIX - Dividend Comparison
FCOM's dividend yield for the trailing twelve months is around 0.77%, less than FXAIX's 1.36% yield.
TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Fidelity MSCI Communication Services Index ETF | 0.77% | 0.77% | 1.04% | 0.90% | 0.68% | 0.86% | 2.78% | 7.54% | 2.25% | 2.92% | 2.69% | 0.25% |
Fidelity 500 Index Fund | 1.36% | 1.45% | 1.69% | 1.22% | 1.60% | 2.06% | 2.72% | 1.97% | 2.52% | 2.83% | 2.63% | 1.84% |
Drawdowns
FCOM vs. FXAIX - Drawdown Comparison
The maximum FCOM drawdown since its inception was -46.76%, which is greater than FXAIX's maximum drawdown of -33.79%. Use the drawdown chart below to compare losses from any high point for FCOM and FXAIX. For additional features, visit the drawdowns tool.
Volatility
FCOM vs. FXAIX - Volatility Comparison
Fidelity MSCI Communication Services Index ETF (FCOM) has a higher volatility of 6.46% compared to Fidelity 500 Index Fund (FXAIX) at 3.60%. This indicates that FCOM's price experiences larger fluctuations and is considered to be riskier than FXAIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.