FCOM vs. SPIT

Last updated Aug 4, 2026

FCOM (Fidelity MSCI Communication Services Index ETF) and SPIT (F/m Emerald Special Situations ETF) are both Large Cap Growth Equities funds. FCOM is passively managed, while SPIT is actively managed. Their 0.43 correlation means their historical movements had little consistent relationship. FCOM charges 0.08%/yr vs 0.89%/yr for SPIT.

Performance

FCOM vs. SPIT - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity MSCI Communication Services Index ETF (FCOM) and F/m Emerald Special Situations ETF (SPIT). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, FCOM achieves a -2.54% return, which is significantly lower than SPIT's 26.92% return.

FCOM

• 1D: 3.50%
• 1M: 0.35%
• 6M: -5.04%
• YTD: -2.54%
• 1Y: 10.42%
• 3Y*: 20.93%
• 5Y*: 6.41%
• 10Y*: 11.07%
• ALL TIME*: 10.88%

SPIT

• 1D: 1.99%
• 1M: -3.14%
• 6M: 17.82%
• YTD: 26.92%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: —

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
FCOM Fidelity MSCI Communication Services Index ETF	$19.70M	$14.75M	$13.31M
SPIT F/m Emerald Special Situations ETF	$212.31K	$271.42K	$193.26K

FCOM vs. SPIT - Yearly Performance Comparison

	2026 (YTD)	2025
FCOM Fidelity MSCI Communication Services Index ETF	-2.54%	4.64%
SPIT F/m Emerald Special Situations ETF	26.92%	5.31%

Correlation

The correlation between FCOM and SPIT is 0.43, which is low. Their historical price movements had little consistent relationship.

	Correlation
Correlation (All Time) Calculated using the full available price history since Oct 6, 2025	0.43

Return for Risk

FCOM vs. SPIT — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

FCOM

FCOM Risk / Return Rank: 26
FCOM Sharpe Ratio Rank: 26
FCOM Sortino Ratio Rank: 26
FCOM Omega Ratio Rank: 25
FCOM Calmar Ratio Rank: 25
FCOM Martin Ratio Rank: 28

SPIT

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

FCOM vs. SPIT - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity MSCI Communication Services Index ETF (FCOM) and F/m Emerald Special Situations ETF (SPIT). 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	SPIT	Difference
Sharpe ratio: Return per unit of total volatility	0.61	—	—
Sortino ratio: Return per unit of downside risk	0.98	—	—
Omega ratio: Gain probability vs. loss probability	1.12	—	—
Calmar ratio: Return relative to maximum drawdown	0.78	—	—
Martin ratio: Return relative to average drawdown	2.32	—	—

Drawdowns

FCOM vs. SPIT - Drawdown Comparison

The maximum FCOM drawdown since its inception was -46.76%, which is greater than SPIT's maximum drawdown of -12.49%. Use the drawdown chart below to compare losses from any high point for FCOM and SPIT.

Drawdown Indicators

	FCOM	SPIT	Difference
Max Drawdown Largest peak-to-trough decline	-46.76%	-12.49%	-34.27%
Max Drawdown (1Y) Largest decline over 1 year	-13.48%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-21.16%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-46.76%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-46.76%	—	—
Current Drawdown Current decline from peak	-5.80%	-5.71%	-0.09%
Average Drawdown Average peak-to-trough decline	-8.64%	-2.87%	-5.77%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.51%	—	—

Volatility

Volatility by Period

	FCOM	SPIT	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.50%	—	—
Volatility (6M) Calculated over the trailing 6-month period	13.77%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	17.20%	26.61%	-9.41%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	21.47%	26.61%	-5.14%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	21.10%	26.61%	-5.51%

FCOM vs. SPIT - Expense Ratio Comparison

FCOM has a 0.08% expense ratio, which is lower than SPIT's 0.89% expense ratio.

Dividends

FCOM vs. SPIT - Dividend Comparison

FCOM's dividend yield for the trailing twelve months is around 0.99%, less than SPIT's 5.66% yield.

Position	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%
SPIT F/m Emerald Special Situations ETF	5.66%	7.18%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both FCOM and SPIT in my portfolio?

FCOM and SPIT have a correlation of 0.43, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, FCOM or SPIT?

On fees, FCOM is cheaper at 0.08% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, FCOM or SPIT?

FCOM is cheaper with a 0.08% expense ratio, compared with 0.89% for SPIT.

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

SPIT has the higher dividend yield at 5.66%, compared with 0.99% for FCOM.

What is the main difference between FCOM and SPIT?

They also come from different issuers: Fidelity and F/m. Their fees differ too: 0.08% for FCOM and 0.89% for SPIT.