FDCF vs. GXPC

Last updated Aug 4, 2026

FDCF (Fidelity Disruptive Communications ETF) and GXPC (Global X PureCap MSCI Communication Services ETF) are both Communications Equities funds. FDCF is actively managed, while GXPC is passively managed. Over the past year, FDCF returned 11.80% vs 23.78% for GXPC. Their 0.65 correlation means they have sometimes moved together and sometimes differently. FDCF charges 0.50%/yr vs 0.15%/yr for GXPC.

Performance

FDCF vs. GXPC - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity Disruptive Communications ETF (FDCF) and Global X PureCap MSCI Communication Services ETF (GXPC). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, FDCF achieves a 3.11% return, which is significantly lower than GXPC's 4.24% return.

FDCF

• 1D: 2.27%
• 1M: -1.09%
• 6M: 4.88%
• YTD: 3.11%
• 1Y: 11.80%
• 3Y*: 23.40%
• 5Y*: —
• 10Y*: —
• ALL TIME*: 24.31%

GXPC

• 1D: 4.49%
• 1M: 2.31%
• 6M: -1.39%
• YTD: 4.24%
• 1Y: 23.78%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 23.60%

*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	$340.65K	$346.22K	$435.76K
GXPC Global X PureCap MSCI Communication Services ETF	$9.38M	$10.86M	$5.85M

FDCF vs. GXPC - Yearly Performance Comparison

	2026 (YTD)	2025
FDCF Fidelity Disruptive Communications ETF	3.11%	7.31%
GXPC Global X PureCap MSCI Communication Services ETF	4.24%	19.31%

Correlation

The correlation between FDCF and GXPC is 0.65, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.65
Correlation (All Time) Calculated using the full available price history since Jul 23, 2025	0.65

The correlation between FDCF and GXPC has been stable across timeframes, ranging from 0.65 to 0.65 - a consistent structural relationship.

Return for Risk

FDCF vs. GXPC — Risk / Return Rank

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

FDCF

FDCF Risk / Return Rank: 24
FDCF Sharpe Ratio Rank: 26
FDCF Sortino Ratio Rank: 25
FDCF Omega Ratio Rank: 25
FDCF Calmar Ratio Rank: 23
FDCF Martin Ratio Rank: 24

GXPC

GXPC Risk / Return Rank: 39
GXPC Sharpe Ratio Rank: 39
GXPC Sortino Ratio Rank: 41
GXPC Omega Ratio Rank: 38
GXPC Calmar Ratio Rank: 38
GXPC Martin Ratio Rank: 37

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. GXPC - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Disruptive Communications ETF (FDCF) and Global X PureCap MSCI Communication Services ETF (GXPC). 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	GXPC	Difference
Sharpe ratio: Return per unit of total volatility	0.60	1.06	-0.46
Sortino ratio: Return per unit of downside risk	0.93	1.65	-0.72
Omega ratio: Gain probability vs. loss probability	1.11	1.20	-0.09
Calmar ratio: Return relative to maximum drawdown	0.65	1.44	-0.79
Martin ratio: Return relative to average drawdown	1.88	4.17	-2.29

FDCF vs. GXPC - Sharpe Ratio Comparison

The current FDCF Sharpe Ratio is 0.60, which is lower than the GXPC Sharpe Ratio of 1.06. The chart below compares the historical Sharpe Ratios of FDCF and GXPC, 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. GXPC - Drawdown Comparison

The maximum FDCF drawdown since its inception was -22.53%, which is greater than GXPC's maximum drawdown of -16.59%. Use the drawdown chart below to compare losses from any high point for FDCF and GXPC.

Drawdown Indicators

	FDCF	GXPC	Difference
Max Drawdown Largest peak-to-trough decline	-22.53%	-16.59%	-5.94%
Max Drawdown (1Y) Largest decline over 1 year	-18.10%	-16.59%	-1.51%
Max Drawdown (3Y) Largest decline over 3 years	-22.53%	—	—
Current Drawdown Current decline from peak	-4.22%	-6.74%	+2.52%
Average Drawdown Average peak-to-trough decline	-4.18%	-4.04%	-0.14%
Ulcer Index Depth and duration of drawdowns from previous peaks	6.29%	5.72%	+0.57%

Volatility

FDCF vs. GXPC - Volatility Comparison

The current volatility for Fidelity Disruptive Communications ETF (FDCF) is 5.47%, while Global X PureCap MSCI Communication Services ETF (GXPC) has a volatility of 10.55%. This indicates that FDCF experiences smaller price fluctuations and is considered to be less risky than GXPC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FDCF	GXPC	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.47%	10.55%	-5.08%
Volatility (6M) Calculated over the trailing 6-month period	15.71%	18.72%	-3.01%
Volatility (1Y) Calculated over the trailing 1-year period	19.77%	22.51%	-2.74%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	20.71%	22.33%	-1.62%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	20.71%	22.33%	-1.62%

FDCF vs. GXPC - Expense Ratio Comparison

FDCF has a 0.50% expense ratio, which is higher than GXPC's 0.15% expense ratio.

Dividends

FDCF vs. GXPC - Dividend Comparison

FDCF's dividend yield for the trailing twelve months is around 0.07%, less than GXPC's 0.31% yield.

Position	TTM	2025	2024	2023
FDCF Fidelity Disruptive Communications ETF	0.07%	0.09%	0.25%	0.19%
GXPC Global X PureCap MSCI Communication Services ETF	0.31%	0.12%	0.00%	0.00%

Frequently Asked Questions

Can I hold both FDCF and GXPC in my portfolio?

FDCF and GXPC have a correlation of 0.65, 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 GXPC?

GXPC has higher volatility (10.55%) compared to FDCF (5.47%). In terms of maximum drawdown, FDCF dropped -22.53% vs GXPC's -16.59%.

Which ETF is better, FDCF or GXPC?

On 1-year performance, GXPC leads with 23.78% vs 11.80% for FDCF. On fees, GXPC is cheaper at 0.15% per year. On volatility, FDCF has been the lower-risk option at 5.47%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, FDCF or GXPC?

Over the 1-year period, GXPC has performed better with a 23.78% return vs 11.80%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, FDCF or GXPC?

GXPC is cheaper with a 0.15% expense ratio, compared with 0.50% for FDCF.

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

GXPC has the higher dividend yield at 0.31%, compared with 0.07% for FDCF.

What is the main difference between FDCF and GXPC?

They also come from different issuers: Fidelity and Global X. Their fees differ too: 0.50% for FDCF and 0.15% for GXPC.

Which has better risk-adjusted returns?

GXPC currently has the higher Sharpe Ratio (1.06 vs 0.60), 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.