FCOM vs. SMH
Compare and contrast key facts about Fidelity MSCI Communication Services Index ETF (FCOM) and VanEck Vectors Semiconductor ETF (SMH).
FCOM and SMH 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. SMH is a passively managed fund by VanEck that tracks the performance of the MVIS US Listed Semiconductor 25 Index. It was launched on Dec 20, 2011. Both FCOM and SMH are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FCOM or SMH.
Key characteristics
| FCOM | SMH | |
|---|---|---|
| YTD Return | 8.56% | 18.86% |
| 1Y Return | 32.63% | 69.33% |
| 3Y Return (Ann) | -1.96% | 21.21% |
| 5Y Return (Ann) | 8.27% | 31.82% |
| 10Y Return (Ann) | 8.69% | 28.46% |
| Sharpe Ratio | 1.74 | 2.39 |
| Daily Std Dev | 17.25% | 28.42% |
| Max Drawdown | -46.76% | -95.73% |
| Current Drawdown | -13.33% | -11.24% |
Correlation
The correlation between FCOM and SMH is 0.59, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
FCOM vs. SMH - Performance Comparison
In the year-to-date period, FCOM achieves a 8.56% return, which is significantly lower than SMH's 18.86% return. Over the past 10 years, FCOM has underperformed SMH with an annualized return of 8.69%, while SMH has yielded a comparatively higher 28.46% 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. SMH - Expense Ratio Comparison
FCOM has a 0.08% expense ratio, which is lower than SMH's 0.35% expense ratio.
Risk-Adjusted Performance
FCOM vs. SMH - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity MSCI Communication Services Index ETF (FCOM) and VanEck Vectors Semiconductor ETF (SMH). 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. SMH - Dividend Comparison
FCOM's dividend yield for the trailing twelve months is around 0.77%, more than SMH's 0.50% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FCOM 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% |
SMH VanEck Vectors Semiconductor ETF | 0.50% | 0.60% | 2.37% | 1.02% | 1.38% | 6.00% | 3.75% | 2.85% | 1.61% | 4.28% | 2.31% | 3.11% |
Drawdowns
FCOM vs. SMH - Drawdown Comparison
The maximum FCOM drawdown since its inception was -46.76%, smaller than the maximum SMH drawdown of -95.73%. Use the drawdown chart below to compare losses from any high point for FCOM and SMH. For additional features, visit the drawdowns tool.
Volatility
FCOM vs. SMH - Volatility Comparison
The current volatility for Fidelity MSCI Communication Services Index ETF (FCOM) is 6.75%, while VanEck Vectors Semiconductor ETF (SMH) has a volatility of 9.75%. This indicates that FCOM experiences smaller price fluctuations and is considered to be less risky than SMH based on this measure. The chart below showcases a comparison of their rolling one-month volatility.