FCOM vs. XLC
Compare and contrast key facts about Fidelity MSCI Communication Services Index ETF (FCOM) and Communication Services Select Sector SPDR Fund (XLC).
FCOM and XLC 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. XLC is a passively managed fund by State Street that tracks the performance of the S&P Communication Services Select Sector Index. It was launched on Jun 18, 2018. Both FCOM and XLC 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 XLC.
Performance
FCOM vs. XLC - Performance Comparison
Returns By Period
In the year-to-date period, FCOM achieves a 31.14% return, which is significantly lower than XLC's 34.75% return.
FCOM
31.14%
4.47%
16.67%
36.02%
11.80%
10.17%
XLC
34.75%
6.69%
19.22%
37.85%
14.35%
N/A
Key characteristics
| FCOM | XLC | |
|---|---|---|
| Sharpe Ratio | 2.35 | 2.60 |
| Sortino Ratio | 3.13 | 3.45 |
| Omega Ratio | 1.42 | 1.46 |
| Calmar Ratio | 1.47 | 2.10 |
| Martin Ratio | 17.50 | 21.24 |
| Ulcer Index | 2.13% | 1.84% |
| Daily Std Dev | 15.88% | 15.02% |
| Max Drawdown | -46.76% | -46.66% |
| Current Drawdown | -1.49% | -0.26% |
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FCOM vs. XLC - Expense Ratio Comparison
FCOM has a 0.08% expense ratio, which is lower than XLC's 0.13% 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%.
Correlation
The correlation between FCOM and XLC is 0.95, 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.
Risk-Adjusted Performance
FCOM vs. XLC - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity MSCI Communication Services Index ETF (FCOM) and Communication Services Select Sector SPDR Fund (XLC). 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. XLC - Dividend Comparison
FCOM's dividend yield for the trailing twelve months is around 0.83%, less than XLC's 0.91% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FCOM Fidelity MSCI Communication Services Index ETF | 0.83% | 0.77% | 1.04% | 0.90% | 0.68% | 0.86% | 2.78% | 7.54% | 2.25% | 2.92% | 2.69% | 0.25% |
XLC Communication Services Select Sector SPDR Fund | 0.91% | 0.82% | 1.11% | 0.74% | 0.68% | 0.81% | 0.64% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
FCOM vs. XLC - Drawdown Comparison
The maximum FCOM drawdown since its inception was -46.76%, roughly equal to the maximum XLC drawdown of -46.66%. Use the drawdown chart below to compare losses from any high point for FCOM and XLC. For additional features, visit the drawdowns tool.
Volatility
FCOM vs. XLC - Volatility Comparison
Fidelity MSCI Communication Services Index ETF (FCOM) has a higher volatility of 4.56% compared to Communication Services Select Sector SPDR Fund (XLC) at 4.08%. This indicates that FCOM's price experiences larger fluctuations and is considered to be riskier than XLC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.