FDCF vs. FCOM
Compare and contrast key facts about Fidelity Disruptive Communications ETF (FDCF) and Fidelity MSCI Communication Services Index ETF (FCOM).
FDCF and FCOM are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. FDCF is an actively managed fund by Fidelity. It was launched on Apr 16, 2020. 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.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FDCF or FCOM.
Key characteristics
| FDCF | FCOM | |
|---|---|---|
| YTD Return | 31.86% | 33.13% |
| 1Y Return | 48.38% | 44.22% |
| Sharpe Ratio | 2.59 | 2.77 |
| Sortino Ratio | 3.37 | 3.65 |
| Omega Ratio | 1.46 | 1.50 |
| Calmar Ratio | 3.48 | 1.67 |
| Martin Ratio | 13.04 | 20.78 |
| Ulcer Index | 3.72% | 2.11% |
| Daily Std Dev | 18.75% | 15.83% |
| Max Drawdown | -14.27% | -46.76% |
| Current Drawdown | -1.40% | 0.00% |
Correlation
The correlation between FDCF and FCOM is 0.81, 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
FDCF vs. FCOM - Performance Comparison
The year-to-date returns for both investments are quite close, with FDCF having a 31.86% return and FCOM slightly higher at 33.13%. 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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FDCF vs. FCOM - Expense Ratio Comparison
FDCF has a 0.50% expense ratio, which is higher than FCOM's 0.08% expense ratio.
Risk-Adjusted Performance
FDCF vs. FCOM - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Disruptive Communications ETF (FDCF) and Fidelity MSCI Communication Services Index ETF (FCOM). 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
FDCF vs. FCOM - Dividend Comparison
FDCF's dividend yield for the trailing twelve months is around 0.07%, less than FCOM's 0.82% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FDCF Fidelity Disruptive Communications ETF | 0.07% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
FCOM Fidelity MSCI Communication Services Index ETF | 0.82% | 0.77% | 1.04% | 0.90% | 0.68% | 0.86% | 2.78% | 7.54% | 2.25% | 2.92% | 2.69% | 0.25% |
Drawdowns
FDCF vs. FCOM - Drawdown Comparison
The maximum FDCF drawdown since its inception was -14.27%, smaller than the maximum FCOM drawdown of -46.76%. Use the drawdown chart below to compare losses from any high point for FDCF and FCOM. For additional features, visit the drawdowns tool.
Volatility
FDCF vs. FCOM - Volatility Comparison
Fidelity Disruptive Communications ETF (FDCF) has a higher volatility of 4.49% compared to Fidelity MSCI Communication Services Index ETF (FCOM) at 3.99%. This indicates that FDCF's price experiences larger fluctuations and is considered to be riskier than FCOM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.