FDCF vs. GXPC
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. A 0.65 correlation means they provide meaningful diversification when combined. FDCF charges 0.50%/yr vs 0.15%/yr for GXPC.
Performance
FDCF vs. GXPC - Performance Comparison
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Returns By Period
In the year-to-date period, FDCF achieves a 5.62% return, which is significantly higher than GXPC's 3.83% return.
FDCF
- 1D
- -1.77%
- 1M
- 3.38%
- YTD
- 5.62%
- 6M
- 7.71%
- 1Y
- 23.52%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
GXPC
- 1D
- -0.34%
- 1M
- -4.59%
- YTD
- 3.83%
- 6M
- 3.68%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
FDCF vs. GXPC - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
FDCF Fidelity Disruptive Communications ETF | 5.62% | 6.36% |
GXPC Global X PureCap MSCI Communication Services ETF | 3.83% | 19.31% |
Correlation
The correlation between FDCF and GXPC is 0.65, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Jul 24, 2025 | 0.65 |
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Return for Risk
FDCF vs. GXPC — Risk / Return Rank
FDCF
GXPC
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.
| FDCF | GXPC | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.23 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 1.31 | — | — |
| Martin ratioReturn relative to average drawdown | 3.95 | — | — |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| FDCF | GXPC | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.29 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.29 | 1.43 | -0.14 |
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.
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Drawdown Indicators
| FDCF | GXPC | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -22.53% | -16.59% | -5.94% |
Max Drawdown (1Y)Largest decline over 1 year | -18.10% | — | — |
Current DrawdownCurrent decline from peak | -1.90% | -7.11% | +5.21% |
Average DrawdownAverage peak-to-trough decline | -4.17% | -3.05% | -1.12% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.97% | — | — |
Volatility
FDCF vs. GXPC - Volatility Comparison
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Volatility by Period
| FDCF | GXPC | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.28% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 13.98% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 18.36% | 19.79% | -1.43% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.58% | 19.79% | +0.79% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.58% | 19.79% | +0.79% |
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 0.03%, less than GXPC's 0.12% yield.
| Position | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
FDCF Fidelity Disruptive Communications ETF | 0.03% | 0.09% | 0.25% | 0.19% |
GXPC Global X PureCap MSCI Communication Services ETF | 0.12% | 0.12% | 0.00% | 0.00% |
Frequently Asked Questions
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.
On fees, GXPC is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.
GXPC is cheaper with a 0.15% expense ratio, compared with 0.50% for FDCF.
GXPC has the higher dividend yield at 0.12%, compared with 0.03% for FDCF.
They also come from different issuers: Fidelity and Global X. Their fees differ too: 0.50% for FDCF and 0.15% for GXPC.
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