FDCF vs. GXPC

Last updated Jun 24, 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. A 0.66 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

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 0.53% return, which is significantly higher than GXPC's -0.80% return.

FDCF

• 1D: -1.74%
• 1M: -2.18%
• YTD: 0.53%
• 6M: 0.52%
• 1Y: 14.71%
• 3Y*: 24.69%
• 5Y*: —
• 10Y*: —

GXPC

• 1D: -0.03%
• 1M: -8.61%
• YTD: -0.80%
• 6M: -0.82%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

FDCF vs. GXPC - Yearly Performance Comparison

	2026 (YTD)	2025
FDCF Fidelity Disruptive Communications ETF	0.53%	7.31%
GXPC Global X PureCap MSCI Communication Services ETF	-0.80%	19.31%

Correlation

The correlation between FDCF and GXPC is 0.66, 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 23, 2025	0.66

Return for Risk

FDCF vs. GXPC — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

FDCF

FDCF Risk / Return Rank: 21
FDCF Sharpe Ratio Rank: 23
FDCF Sortino Ratio Rank: 21
FDCF Omega Ratio Rank: 21
FDCF Calmar Ratio Rank: 19
FDCF Martin Ratio Rank: 21

GXPC

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

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	0.77	—	—
Sortino ratio: Return per unit of downside risk	1.14	—	—
Omega ratio: Gain probability vs. loss probability	1.14	—	—
Calmar ratio: Return relative to maximum drawdown	0.82	—	—
Martin ratio: Return relative to average drawdown	2.43	—	—

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%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-22.53%	—	—
Current Drawdown Current decline from peak	-6.62%	-11.25%	+4.63%
Average Drawdown Average peak-to-trough decline	-4.17%	-3.32%	-0.85%
Ulcer Index Depth and duration of drawdowns from previous peaks	6.07%	—	—

Volatility

Volatility by Period

	FDCF	GXPC	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.32%	—	—
Volatility (6M) Calculated over the trailing 6-month period	15.06%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	19.26%	20.44%	-1.18%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	20.73%	20.44%	+0.29%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	20.73%	20.44%	+0.29%

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 0.12% 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	0.12%	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 0.66, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, FDCF or GXPC?

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.

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 0.12%, 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.