FCOM vs. VOX
Compare and contrast key facts about Fidelity MSCI Communication Services Index ETF (FCOM) and Vanguard Communication Services ETF (VOX).
FCOM and VOX 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. VOX is a passively managed fund by Vanguard that tracks the performance of the MSCI US Investable Market Telecommunication Services 25/50 Index. It was launched on Sep 23, 2004. Both FCOM and VOX 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 VOX.
Key characteristics
| FCOM | VOX | |
|---|---|---|
| YTD Return | 8.56% | 8.72% |
| 1Y Return | 32.63% | 33.15% |
| 3Y Return (Ann) | -1.96% | -1.76% |
| 5Y Return (Ann) | 8.27% | 8.59% |
| 10Y Return (Ann) | 8.69% | 6.26% |
| Sharpe Ratio | 1.74 | 1.79 |
| Daily Std Dev | 17.25% | 17.05% |
| Max Drawdown | -46.76% | -57.18% |
| Current Drawdown | -13.33% | -12.85% |
Correlation
The correlation between FCOM and VOX is 0.97, 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. VOX - Performance Comparison
The year-to-date returns for both investments are quite close, with FCOM having a 8.56% return and VOX slightly higher at 8.72%. Over the past 10 years, FCOM has outperformed VOX with an annualized return of 8.69%, while VOX has yielded a comparatively lower 6.26% 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. VOX - Expense Ratio Comparison
FCOM has a 0.08% expense ratio, which is lower than VOX's 0.10% 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%.
Risk-Adjusted Performance
FCOM vs. VOX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity MSCI Communication Services Index ETF (FCOM) and Vanguard Communication Services ETF (VOX). 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. VOX - Dividend Comparison
FCOM's dividend yield for the trailing twelve months is around 0.77%, less than VOX's 0.97% 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% |
VOX Vanguard Communication Services ETF | 0.97% | 1.03% | 0.88% | 0.93% | 0.73% | 0.90% | 2.77% | 3.83% | 2.67% | 3.55% | 2.66% | 3.88% |
Drawdowns
FCOM vs. VOX - Drawdown Comparison
The maximum FCOM drawdown since its inception was -46.76%, smaller than the maximum VOX drawdown of -57.18%. Use the drawdown chart below to compare losses from any high point for FCOM and VOX. For additional features, visit the drawdowns tool.
Volatility
FCOM vs. VOX - Volatility Comparison
Fidelity MSCI Communication Services Index ETF (FCOM) and Vanguard Communication Services ETF (VOX) have volatilities of 6.75% and 6.55%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.