FDCF vs. FDIF

Last updated Aug 2, 2026

FDCF (Fidelity Disruptive Communications ETF) and FDIF (Fidelity Disruptors ETF) are both exchange-traded funds - FDCF is a Communications Equities fund actively managed by Fidelity, while FDIF is a Large Cap Growth Equities fund actively managed by Fidelity. Both are actively managed. Over the past 3 years, FDCF returned 21.06%/yr vs 15.41%/yr for FDIF. Their correlation of 0.89 means they have usually moved in the same direction. Both charge a 0.50% expense ratio.

Performance

FDCF vs. FDIF - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity Disruptive Communications ETF (FDCF) and Fidelity Disruptors ETF (FDIF). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, FDCF achieves a 0.82% return, which is significantly lower than FDIF's 8.35% return.

FDCF

• 1D: 0.11%
• 1M: -3.29%
• 6M: 2.60%
• YTD: 0.82%
• 1Y: 9.32%
• 3Y*: 21.06%
• 5Y*: —
• 10Y*: —
• ALL TIME*: 23.49%

FDIF

• 1D: 0.14%
• 1M: -3.33%
• 6M: 8.78%
• YTD: 8.35%
• 1Y: 15.76%
• 3Y*: 15.41%
• 5Y*: —
• 10Y*: —
• ALL TIME*: 15.42%

*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)
FDCF Fidelity Disruptive Communications ETF	$337.50K	$344.89K	$440.84K
FDIF Fidelity Disruptors ETF	$144.10K	$629.94K	$328.44K

FDCF vs. FDIF - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
FDCF Fidelity Disruptive Communications ETF	0.82%	27.42%	28.37%	14.84%
FDIF Fidelity Disruptors ETF	8.35%	13.83%	19.74%	5.83%

Correlation

The correlation between FDCF and FDIF is 0.88, meaning they have usually moved in the same direction, including during past declines.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.88
Correlation (3Y) Balances recent behavior with more history.	0.89
Correlation (All Time) Calculated using the full available price history since Jun 20, 2023	0.89

The correlation between FDCF and FDIF has been stable across timeframes, ranging from 0.88 to 0.89 - a consistent structural relationship.

FDCF vs. FDIF - Sectors Allocation Comparison

Sectors	FDCF	FDIF
Communication Services	48.5%	12.8%
Technology	36.8%	40.7%
Consumer Cyclical	9.8%	4.6%
Industrials	4.9%	12.3%
Financial Services	0.3%	11.1%
Basic Materials	-	-
Consumer Defensive	-	-
Energy	-	-
Healthcare	-	18.4%
Real Estate	-	0.1%
Utilities	-	-

Return for Risk

FDCF vs. FDIF — Risk / Return Rank

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

FDCF

FDCF Risk / Return Rank: 18
FDCF Sharpe Ratio Rank: 19
FDCF Sortino Ratio Rank: 18
FDCF Omega Ratio Rank: 18
FDCF Calmar Ratio Rank: 17
FDCF Martin Ratio Rank: 19

FDIF

FDIF Risk / Return Rank: 30
FDIF Sharpe Ratio Rank: 30
FDIF Sortino Ratio Rank: 29
FDIF Omega Ratio Rank: 28
FDIF Calmar Ratio Rank: 28
FDIF Martin Ratio Rank: 34

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.

FDCF vs. FDIF - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Disruptive Communications ETF (FDCF) and Fidelity Disruptors ETF (FDIF). 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.

	FDCF	FDIF	Difference
Sharpe ratio: Return per unit of total volatility	0.34	0.73	-0.38
Sortino ratio: Return per unit of downside risk	0.60	1.11	-0.52
Omega ratio: Gain probability vs. loss probability	1.07	1.14	-0.06
Calmar ratio: Return relative to maximum drawdown	0.38	0.92	-0.54
Martin ratio: Return relative to average drawdown	1.08	3.30	-2.22

FDCF vs. FDIF - Sharpe Ratio Comparison

The current FDCF Sharpe Ratio is 0.34, which is lower than the FDIF Sharpe Ratio of 0.73. The chart below compares the historical Sharpe Ratios of FDCF and FDIF, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

FDCF vs. FDIF - Drawdown Comparison

The maximum FDCF drawdown since its inception was -22.53%, roughly equal to the maximum FDIF drawdown of -22.63%. Use the drawdown chart below to compare losses from any high point for FDCF and FDIF.

Drawdown Indicators

	FDCF	FDIF	Difference
Max Drawdown Largest peak-to-trough decline	-22.53%	-22.63%	+0.10%
Max Drawdown (1Y) Largest decline over 1 year	-18.10%	-14.80%	-3.30%
Max Drawdown (3Y) Largest decline over 3 years	-22.53%	-22.63%	+0.10%
Current Drawdown Current decline from peak	-6.35%	-4.69%	-1.66%
Average Drawdown Average peak-to-trough decline	-4.18%	-3.78%	-0.40%
Ulcer Index Depth and duration of drawdowns from previous peaks	6.28%	4.11%	+2.17%

Volatility

FDCF vs. FDIF - Volatility Comparison

The current volatility for Fidelity Disruptive Communications ETF (FDCF) is 4.96%, while Fidelity Disruptors ETF (FDIF) has a volatility of 5.45%. This indicates that FDCF experiences smaller price fluctuations and is considered to be less risky than FDIF based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FDCF	FDIF	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.96%	5.45%	-0.49%
Volatility (6M) Calculated over the trailing 6-month period	15.77%	15.56%	+0.21%
Volatility (1Y) Calculated over the trailing 1-year period	19.75%	18.77%	+0.98%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	20.69%	18.86%	+1.83%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	20.69%	18.86%	+1.83%

FDCF vs. FDIF - Expense Ratio Comparison

Both FDCF and FDIF have an expense ratio of 0.50%.

Dividends

FDCF vs. FDIF - Dividend Comparison

FDCF's dividend yield for the trailing twelve months is around 0.07%, less than FDIF's 0.27% yield.

Position	TTM	2025	2024	2023
FDCF Fidelity Disruptive Communications ETF	0.07%	0.09%	0.25%	0.19%
FDIF Fidelity Disruptors ETF	0.27%	0.36%	0.35%	0.21%

Frequently Asked Questions

Can I hold both FDCF and FDIF in my portfolio?

FDCF and FDIF have a correlation of 0.88, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, FDCF or FDIF?

FDIF has higher volatility (5.45%) compared to FDCF (4.96%). In terms of maximum drawdown, FDCF dropped -22.53% vs FDIF's -22.63%.

Which ETF is better, FDCF or FDIF?

On 3-year performance, FDCF leads with 21.06% vs 15.41% for FDIF. Both ETFs have the same 0.50% expense ratio. On volatility, FDCF has been the lower-risk option at 4.96%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, FDCF or FDIF?

Over the 3-year period, FDCF has performed better with a 21.06% return vs 15.41%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, FDCF or FDIF?

FDCF and FDIF have the same expense ratio: 0.50% per year.

Which ETF pays a higher dividend yield, FDCF or FDIF?

FDIF has the higher dividend yield at 0.27%, compared with 0.07% for FDCF.

What is the main difference between FDCF and FDIF?

FDCF is categorized as Communications Equities, while FDIF is Large Cap Growth Equities.

Which has better risk-adjusted returns?

FDIF currently has the higher Sharpe Ratio (0.73 vs 0.34), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.